CRSR- I dont know what

    Posted by arun on 24th of Nov 2020 at 03:10 pm

    CRSR- I dont know what the heck they do. But I bought december puts on this

    Three segments: Corsair Leading PC

    Posted by kalkgrun on 24th of Nov 2020 at 03:53 pm

    Three segments: Corsair Leading PC computer hardware RAM, Power supplies, keyboards and mice and game controlers.   Origin high end PC builds.

     EL Gato streaming hardware suites https://www.elgato.com/en 

    https://scufgaming.com/Scuf gaming high end PS4 and Xbox controlers. 

    New Fool article. https://www.fool.com/investing/2020/11/12/forget-amd-this-hot-gaming-stock-has-almost-double/

    My first shares are up 80+%.  Staying long I think we'll see $60s by year end and $100s into next year.  Good luck sir. 



    Mine is for a quick

    Posted by arun on 24th of Nov 2020 at 04:01 pm

    Mine is for a quick trade...it`s gotten waayyy parabolic. if i lose,my risk is capped off thanks to options

    I agree I wouldn't add

    Posted by kalkgrun on 24th of Nov 2020 at 04:08 pm

    I agree I wouldn't add any longs here.  APPN is also parabolic.  They are also considered a crypto play with heavy institutional ownership. I'm going by the IBD IPO playbook on this one  https://www.investors.com/how-to-invest/investors-corner/how-to-catch-an-ipo-winner-by-sitting-tight/ 

    Good concept and a little

    Posted by EdZ on 24th of Nov 2020 at 03:26 pm

    Good concept and a little overdone, it's not even an electric vehicle company.

    CRSR----makes gaming related gear &

    Posted by watcdy on 24th of Nov 2020 at 03:53 pm

    CRSR----makes gaming related gear & technology-- says its a new IPO

    I hope some of you

    Posted by arun on 27th of Nov 2020 at 02:50 pm

    I hope some of you guys caught this... dropped 10$ in 2 days

    I did not short CRSR

    Posted by matt on 27th of Nov 2020 at 03:11 pm

    I did not short CRSR wasn't monitoring it, however it was a good objective short thus I'm posting a couple of charts for educational purposes.

    First the daily chart was clearly in an unsustainable parabolic move. Heck you have a VERY rare condition here with the last 6 candlesticks closing above their upper Bollinger Bands, with the last one opening completely outside of the bands. Anyway one trigger that Steve and I teach is that when you have an extended move, if you have a mostly solid candlestick you can get an objective trigger at 50% of that candle range with an initial stop at the high or low of the candle. In this case you had a solid candle, with a short trigger of approximately 49, and initial stop at 51.4. The initial target is always the 9 EMA and that was hit soundly.  Steve and I prefer to trigger off a doji like candle, however if you have a mostly solid candle then 50% of that candle's range is a trigger.

    Next on the 15 min chart you had clear MACD and RSI divergence as well as a wedge.

    Nice charts Matt. I def

    Posted by arun on 27th of Nov 2020 at 09:48 pm

    Nice charts Matt. I def learnt a lot from short set ups from you guys. Especially the parabolic setups never failed. NIO short set up was another great winner for me after i saw your chart few weeks ago before they reported earnings

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