Looks like the price fell to pretty much the SAME pandemic fire-sale crash price of 2020. Not sure how much further that bargain will last, but my God, RIP those 'geniuses' who bought it at $490 a share! I have one question to those people... do you FINALLY see the bubble now?!
this is one of the most beautiful mountain charts in the world. the price went up nicely. then it broke the neckline at around 325. then the price went down nicely. Now ROKU is trying to do down to the basecamp. Indeed it is double happiness; price went up - swing traders earned tons of money price went down - swing traders also earned tons of money. ROKU is the swing traders' dream. ROKU is the eliteinvestor.com investors' nightmare. They hold and hold until the profit changes from very positive to zero.
Assuming that you thought the top was at 490.76 and not 130...and then 160, and then 190, and then 210...
It has good management. They will survive. I bought it at the IPO I think around $25-30 and sold most of it around the $200-$300 area. The founder & CEO was the guy in charge of creating the streaming technology at Netflix so he's pretty smart.
Roku downgraded to sell by Pivotal, who says the stock should be shorted amid inevitable recession PUBLISHED MON, AUG 8 20226:26 AM EDT Samantha Subin@SAMANTHA_SUBIN _____________________________________________________ my goodness !!! those professional writers / analysts have been sleeping for months. Now they are awake.