Will it go higher in 2024?
-80% off highs
+67% from IPO in 2015
+740% at peak in 2021
Thread showing the 10-year history of:
- Price
- Revenue
- Net Income
- EPS
- Cash
- Free Cash Flow
- Long Term Debt
- Return on Equity
- Profit Margin
- EBIT
I initiated a starter position in two stocks for a few reasons:
- They have been acting well, while watching
- Breadth has improved, NH-NL & % above 200d
- Handful of stocks basing stage 1
- Inflation coming down, CPI
- To test the market with real money
2/ I know full well that we could have another leg down in the market so I have minimal dollars at work to test it. Nasdaq is still under the 200d.
I also know that markets look ahead & some signs are strengthening.
This GAME is about making money, not being right or wrong.
3/ Scaling into positions is a great strategy. The great traders scale or pyramid into positions, to make sure they are working. They don’t go in at once.
Great traders test the market w/ sm positions for minimal risk.