Palo Alto Networks stock,
$PANW, is now up 10% today after Nancy Pelosi bought call
options on the stock. The call options are reportedly worth up to
$1.25 million.
te22 - on PANW, after that earnings disaster gap, logically
bounced off the 200 day MA and retraced about 50% of the decline
before stalling at the 50 MA
Hard to say now, I mean first off after that gap down it was an
easy long bounce trade off that 200 day MA and the bounce stalled
near the 50. Price has since pulled back some, tough to say
if it forms a higher low here then bounces again or not. My guess
is that move off the 200 day MA was a wave A bounce, and this
pullback is a wave B, likely forms a higher low then moves up again
in C - but most likely not back to the highs but overall a lower
high as an ABC wave should
god...clown world. I agree with Vivek who stated that it should
be illegal for congress people to trade and vote on bills that
could benefit their stocks, basically insider trader which is
currently allowed if are a senator or house rep
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Posted by steve on 26th of Feb 2024 at 11:34 am
Palo Alto Networks stock, $PANW, is now up 10% today after Nancy Pelosi bought call options on the stock. The call options are reportedly worth up to $1.25 million.
Steve/Matt, It would be greatly
Posted by te22 on 4th of Mar 2024 at 04:56 pm
Steve/Matt, It would be greatly appreciated if you would provide your updated perspective on PANW, either here, or in the newsletter. Thanks much,
te22 - on PANW, after
Posted by matt on 4th of Mar 2024 at 06:06 pm
te22 - on PANW, after that earnings disaster gap, logically bounced off the 200 day MA and retraced about 50% of the decline before stalling at the 50 MA
Hard to say now, I mean first off after that gap down it was an easy long bounce trade off that 200 day MA and the bounce stalled near the 50. Price has since pulled back some, tough to say if it forms a higher low here then bounces again or not. My guess is that move off the 200 day MA was a wave A bounce, and this pullback is a wave B, likely forms a higher low then moves up again in C - but most likely not back to the highs but overall a lower high as an ABC wave should
god...clown world. I agree with
Posted by matt on 26th of Feb 2024 at 11:35 am
god...clown world. I agree with Vivek who stated that it should be illegal for congress people to trade and vote on bills that could benefit their stocks, basically insider trader which is currently allowed if are a senator or house rep