Mongo Db

Anyone own?
$201.

 

What's your plan and goal for owning that stock...are you hoping it will make you rich after three decades of holding it like Amazon stock...could happen, but not likely. You may have better luck devoting your time and resources to other avenues in the market

 

It's a growth stock. Do the work. I'm not here to hold your hand.

 

This is EliteTrader.com not EliteInvestor.com
We're not trying to be the next Warren Buffett.
We're here for the kill trade after kill trade after kill trade hunt. That's the goal to get rich now. Understanding the market, not slowly investing in it

 

Why are you here?
Why do you think it's a growth stock. What do you think will cause it to grow.

 

It has been ranging from 150 to 580 for the last 5 years.
ie there are opportunities to long and short the stocks.
It is a growth/value/underperforming/nonperforming/under-growth or whatever/everything-in-one stock.


The day chart looks very choppy with thousands of gaps.
Who knows, those who use technical analysis have to set the STOP far far far away.

 

If you own it, I'd sell some covered calls. Those things are pricey.
They had a great report, but it sure got sold into.
I'll have to look. Like Max said, this thing is all over the place.

 

MongoDB is a dog. It has 1 good quarter and then pukes out 2 bad quarters. Same with Github and other crazy negative infinity P/E stocks. ARKK does a good job trading these types of stocks. Buy on bad news & sell on good news.

 

Where's Reddit heading? It's had a good run off its lows.

 

I think RDDT goes higher. It stopped temporarily when the RSI hit 80 but it'll be back I think. It went from 230 to 90 so the retrace is 175. I can see it going there assuming we don't have any more of these macro blow ups. $175 is the March 3rd upper resistance as well.

I think all the ARKK stocks are near their upper limit at least if you look at their daily RSI. Same with the ARKF Fintech stocks. It's hard to tell with these Fintechs since they seem to be levered to the consumer & Bitcoin movement.

I own AFRM UPST CVNA HOOD COIN IBKR and they seem to be stalling out. Of course CVNA is very erratic since it trades somewhat on used car prices. I think UPST could go up a lot if breaks above $65. Its high back in Feb was $96.

Looks like Bitcoin & MSTR heave topped out too so there could be a correction coming if there is a rotation but I think for that to happen CRWV & CRCL would collapse as well. CRWV CRCL defy technicals so who knows when those rockets will die down.