PVTL is up AH, looks like they're gonna squeeze out the 7M shares that are shorted. Wait for $21 and/or about 10M shares traded before entering a short. Let them squeeze all the nervous shorts out first.
Stock is trading at 6x forward revenue (not earnings), and guidance is for a loss next year. Revenue increase was only 3% Q/Q. Any idiot can increase revenues by selling things (or services) for a loss. The valuation on "cloud" companies remind me of the dot com bubble, I dumped my 401k into cash this summer. The market could easily get cut in half and still be over valued, aside from dividend companies.
If this wasn't a "cloud" company, it would've tanked to $5 a long time ago.
Stock is trading at 6x forward revenue (not earnings), and guidance is for a loss next year. Revenue increase was only 3% Q/Q. Any idiot can increase revenues by selling things (or services) for a loss. The valuation on "cloud" companies remind me of the dot com bubble, I dumped my 401k into cash this summer. The market could easily get cut in half and still be over valued, aside from dividend companies.
If this wasn't a "cloud" company, it would've tanked to $5 a long time ago.
交易开始:
Decided to take a small Jan put position here, it only made it to $19.5 AH yesterday. Will load the boat if it makes it to $21 this week.
评论:
Projected revenues for next quarter is 1 - 2% higher than this quarter. Analysts still pumping this as a growth company. Guess they're bad at math.
Also, no short squeeze at all, looks like everyone had high entry points that they don't care about a little bump in the road. All the pumpers today will wind up selling later this week. Support at $17.
Also, no short squeeze at all, looks like everyone had high entry points that they don't care about a little bump in the road. All the pumpers today will wind up selling later this week. Support at $17.
评论:
Not certain about exit strategy yet, but the first target is $17, second target is $16.2, last target is $15.4
评论:
First target reached, flipped the Dec puts. Holding Jan puts target $16.25. Playing with profits now. I think we bounce back up to $17.8 tomorrow, then tank again.
Dropped a buck with less than daily volume, plenty of room to go down with all the idiots who bought for an earnings spike.
Dropped a buck with less than daily volume, plenty of room to go down with all the idiots who bought for an earnings spike.
交易手动结束:
Yay, take the profit and run. Hard to tell where this low float stock is going next, though I would assume down....
Added some Dec 19 puts.