Post by
drbob512 on Jul 31, 2020 9:02pm
LVGO Friday was up 3.81
to 127 1/4, a new closing high, and its HOD a mere 28 cts from the top of the Bollinger Band, which is moving pretty much sideways. This stock is mildly parabolic & very overbought with 97% stochastic & RSI of 77, so a moderate dip would not be surprising. Bulls eagerly await the ER on Aug 6, as expectations are for it to be better than consensus estimates, i.e. beat on revenues & higher guidance. Will this be a buy the rumor & sell the news occurrence, or will the ER further boost the price or will ER disappoint or be an excuse to take profits? LT it may yet go higher regardless of the reaction to the ER in the ST as dip buyers see the LT growth potential. TDOC had a good report so perhaps LVGO will too. Jmho dyodd
Comment by
EnriqueLeon on Aug 01, 2020 1:41pm
Drbob, thanks for keeping us up to date with LVGO. I first became aware of the stock as it was in Jim Cramer's Covid index which has performed out of this world. I already own TDOC so we know the business model works. Got in 4 weeks ago, and wow... what a run it's been. Aug 6 is key.... The future is bright, the market cap is still cheap. cheers
Comment by
drbob512 on Aug 01, 2020 5:22pm
Ur welc EnriqueLeon. Congrats on your LVGO & TDOC investments. One more telehealth stock that you might consider is OTRK (formerly CATS). ER's: Aug 6 for LVGO, Aug 5 for IIPR, Aug 3 for PING, Aug 5 for OTRK, Aug 14 for MTBC ? And will S&P 500 test ATH 3,393 in Aug or Sept? We shall see but this is a stockpickers mkt...
Comment by
EnriqueLeon on Aug 01, 2020 8:02pm
Can't say that I am familiar with OTRK, but thanks, I will check it out. Another dot.com play is OSTK. yes it's up 30x from its lows, but check it out, I believe it's still cheap. cheers
Comment by
drbob512 on Aug 02, 2020 2:47am
Wow, Overstock went from about $3 in March to $79 which has to be the biggest gainer %-age wise this year so Congratulations on your success! Had thought FSLY was the biggest gainer from $10 to just above $100 but ur OSTK is the winner...
Comment by
EnriqueLeon on Aug 02, 2020 7:34pm
For me OSTK is only a double so far, but it's in the right industry at the right time. But few will invest in such a stock after a monster run. It often pays to be a contrarian.
Comment by
drbob512 on Aug 03, 2020 8:14pm
A double for you with OSTK is outstanding! The media never mentions Overstock despite it being fairly well known by those who have watched their commercials in the past, but i had not known anything about their stock which wasnt on my radar. Kudos & good luck in the future with it...