I posted this in the $90s on the stock. It traded $123s in
premarket this morning so far. Plenty of room to make money and
just keep trailing it up. Very timely upgrade by BofA on June 23rd.
The RSI was at 29 then and nobody wanted it.
Now take this in contrast, some analysts are just jumping
onboard and upgrading the stock today increasing price targets. RSI
will be in the 70s this morning (very overbought comparatively).
Good opportunity to sell into the party. I'll continue to trail up
and capture gains:
Just as the song says, what a difference a day makes. No way I
was going to hold a 77 rsi into resistance at 123. It's never
different. Risk/reward. Honestly don't see what's so exciting about
this valuation wise, in the rafters. Happy for the trade
Certainly have and not perfect by any means in calling the top
on price. I trade in pieces and have done very well on it, though a
key to my trading is to get away from perfect and keep eating meat.
I hear you point out often in the newsletter and just as recent as
last night on balancing that mindset and being flexible in your
plan.
In the past I would have been focused on not getting every penny
out of every share. That is the wrong way of viewing things. The
right way is looking at my account balance rising and rising,
appreciating the consistency. And remembering there is always
another trade. Thanks for all you do here Steve and everyone in the
community.
Still going, hope you caught it with me. Was a lower risk entry
with a tight stop and never looked back off that bottom. 5 days up
now trending off the bottom. Protect, monitor, and
adjust.
DIS Could be one to
Posted by fundamentalvalues on 23rd of Jun 2022 at 08:59 am
DIS Could be one to look at. Down to a 29 RSI here. Upgraded this morning by BofA with a $122 target.
https://seekingalpha.com/news/3851165-walt-disney-rises-as-bofa-says-park-demand-is-strong-boosts-q3-estimates
Chart: https://schrts.co/vigfDAEH
I posted this in the
Posted by fundamentalvalues on 11th of Aug 2022 at 09:16 am
I posted this in the $90s on the stock. It traded $123s in premarket this morning so far. Plenty of room to make money and just keep trailing it up. Very timely upgrade by BofA on June 23rd. The RSI was at 29 then and nobody wanted it.
Now take this in contrast, some analysts are just jumping onboard and upgrading the stock today increasing price targets. RSI will be in the 70s this morning (very overbought comparatively). Good opportunity to sell into the party. I'll continue to trail up and capture gains:
https://seekingalpha.com/news/3871446-disney-surges-as-guggenheim-upgrades-as-strong-q3-gives-greater-confidence-in-outlook
seekingalpha.com
Disney surges as Guggenheim upgrades as strong Q3 gives 'greater confidence' in outlook | Seeking Alpha
Walt Disney (DIS) shares surged nearly 9% on Thursday after the media and entertainment giant reported strong third-quarter results and continued to add Disney+ subscribers at a brisk...
Just as the song says,
Posted by fundamentalvalues on 11th of Aug 2022 at 03:28 pm
Just as the song says, what a difference a day makes. No way I was going to hold a 77 rsi into resistance at 123. It's never different. Risk/reward. Honestly don't see what's so exciting about this valuation wise, in the rafters. Happy for the trade
Excellent trading fundamentalvalues - and
Posted by steve on 11th of Aug 2022 at 09:17 am
Excellent trading fundamentalvalues - and I'm sure you took some profits along the way
Certainly have and not perfect
Posted by fundamentalvalues on 11th of Aug 2022 at 09:22 am
Certainly have and not perfect by any means in calling the top on price. I trade in pieces and have done very well on it, though a key to my trading is to get away from perfect and keep eating meat. I hear you point out often in the newsletter and just as recent as last night on balancing that mindset and being flexible in your plan.
In the past I would have been focused on not getting every penny out of every share. That is the wrong way of viewing things. The right way is looking at my account balance rising and rising, appreciating the consistency. And remembering there is always another trade. Thanks for all you do here Steve and everyone in the community.
Excellent - that is a
Posted by steve on 11th of Aug 2022 at 09:23 am
Excellent - that is a great plan and well executed - Kudos. The importance of Defining a PLAN and then executing upon it
Thanks for the comments loud
Posted by retirefire on 11th of Aug 2022 at 09:31 am
Thanks for the comments loud and clear
Still going, hope you caught
Posted by fundamentalvalues on 28th of Jun 2022 at 10:16 am
Still going, hope you caught it with me. Was a lower risk entry with a tight stop and never looked back off that bottom. 5 days up now trending off the bottom. Protect, monitor, and adjust.
Update, good trade going so
Posted by fundamentalvalues on 24th of Jun 2022 at 09:37 am
Update, good trade going so far, trim and trail: https://schrts.co/GTNjRNMG