TRADING TIPS

Starting to Look at WORK as a Long Trade

Hubert Senters here. Let’s take a look at Work. Also known as Slack. Neat little technology if you’ve never used it. Check it out. Full disclosure I used to own this thing before it went IPO and sold it off to another angel investing group. And I’m glad it did so because ever since it opened up on its IPO at $42 it has been in a massive downtrend since then which is  very common occurrence. But I think the great way to get rich is IPO. It’s great we lose money if you don’t or you don’t. But here is a strategy that you can employ to your advantage is just wait for a blue light special. Good old Kmart blue light special ladies and gentlemen. So what you do is you take either the open the close or the high. Just figure out which one you’re going to do and just keep it static across your range you’re going to use. I will just use the high, the high was around $42 on its IPO. You know, opening there. So then what I will do is I will divide $42 by 50 percent or divide about two. That would be $21 then I start looking and say okay at $21 I want to start looking at this thing to see if I could buy it at a 50 percent discount. What I’m looking for you’ve got the first thing it’s above the turning line. It couldn’t get above the standard line. If I can get it above the standard line then it’s got a decent shot if it gets above $26 or to bottom out around $21. Now if it can close above $26.23 it could potentially go to the bottom of the cloud and or the top of the cloud. Now, if you’re totally risk averse then wait until it gets back above the cloud here around $30-ish right now. That could change, that could eventually develop into $28-ish and then you’ll have let a lot of the week longs have exited their trade. And then if it helps us and if the buyers are willing to buy it more than the sellers are willing to sell for so in other words on Wall Street, you know, more buyers and sellers. That’s never the case. There’s always a buyer for every seller and a seller for everybody else. It’s how aggressive the buyers are or how aggressive the sellers are. So that’s what we’re going to be looking out for. I’m going to start stocking WORK to the high side. And if it fits the criteria we’ll pull the trigger on it and if it doesn’t we’ll let it pass market. Mark Helweg’s going to be doing another live webinar tomorrow Friday October 11th at noon East Coast time on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ Click CLAIM MY SPOT NOW to register for the webinar. I will hyperlink you to this page. Good luck. Hope it helps. See you on the next video. Hubert.

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