Feels like a BABA type move only TWLO IPO move will hold. On a re-test of $45 - $50 its worth a second look. Until then, I'd take a pass.
I sold most near 60, thinking we are in for a pullback. I would also get back in large in the mid to upper 40s.
I am looking again at $65 exit.. If we hit that will evaluate again for a ride up to 80 then from there on it is all a guess.
Setting two descending wedges. Holding TL support, but that doesn't say much. I would still wait through year end before pulling the trigger on the stock just so there is more history to rely on. $49.43 - $50.49 is crucial. This price band will pretty much decide if the rally carries onward long term, or if the shooting star set back in August becomes the dominant point -- aka CYBR. A good long term hold, but next quarter is key to asses market conditions.
On the move again along with ACIA. Both of these stocks remind me of the post IPO runs in GPRO and MBLY. May be in play today on carried momentum as long as yesterday highs hold. $64.50 is the level to target. $68.85 follows. On the downside, $56 - $57 needs to hold to push for higher prices otherwise $47.20 - $50.49 is the next buy-in point.
Options getting pricey even with a low $VIX. There are traders still gunning for the $65 - $75 Oct. '16 strike price.
Held in there despite the sell-off. High PE stocks are being favored over anything else. With over a third of the float held short. $64.45 needs to hold if the stock is to trade higher.
-10% loser today Twilio Falls On Stock Sale Plan After Acacia Dives On Offering http://www.investors.com/news/techn...ck-sell-plan-after-acacia-cracks-on-offering/
IPO was priced $15 for some reasons. Now stakeholders are selling shares after missing peak 65. By Lockup Expiration‎ may see 25,imo
Any type of positive news catalyst will cause a massive squeeze. These heavily shorted stocks are best potential monster bouncers.
