HandsomeSloth

HandsomeSloth Updated 

No surprise in the headline here. UPWK , just like FVRR , has had one hell of a run. COVID has shown us that freelance work is cheap and effective, and that this is the future as digitization and globalization improve. Congratulations to everyone who has been in either of these stocks since the beginning. PRO: Both UPWK and FVRR have 'modest' market caps at 5.5...

HandsomeSloth

Crowdstrike is in the early days of the S-Curve for cybersecurity. The sector may have run up a ton in the last year due to COVID, but that doesn't mean that there isn't a lot more room for it to grow from here. Fundamentals: - I love the business model of being SaaS cybersecurity, they were the first to master this. The reason I love this is gross margins, which...

HandsomeSloth

The last time I thought SQ was a buy was back at $150 in late October. From there, it almost doubled in 3 months ($283 or 87%), but now it is only up a meager 44% from that point just a few weeks ago. PREAMBLE: I'm a huge believer in what SQ is doing LT - Lending and banking (and actually competing with banks) yes!! Remember when the stock plummeted when they...

HandsomeSloth

IPO'd at $23.75 just under 2 years go. Since then, we fell to $10.10 and rose as high as $89.90. What a time. This week, we broke our COVID uptrend as these high flyers have fallen out of favor. I live PINS for the LT, however I don't see a good entry point for a while... We've really never had weekly consolidation since COVID, and certainly haven't had any...

HandsomeSloth Updated 

LULU needs to break above ~350 to show momentum and break of resistance (prior support in wedge) before we can call bullish. Even then, we will need to test the all-time high of 400 before going fully bullish. Until these points, anticipate downside or further horizontal movement...

HandsomeSloth

We are breaking the long-term ascending wedge: - We're at resistance that's been in place since May 2019 - We're barely holding support since COVID low (this is 4th touch) -> I expect we will continue to break down out of this ascending wedge. It may be tomorrow, it may be sometime in March, but it'll happen -> Frankly, we need some consolidation with all...

HandsomeSloth

LT support on W and M timeframe PE ~= stock price (170 on 2/23) Such a high flyer, it needs to come down to reality From COVID low to ATH, 0.618 fib matches with LT trend (coincidence?). Currently bouncing off of 26 W EMA, but I expect it to head towards 100, and I may look to buy <120

HandsomeSloth

Time and time again LMT has been a stellar stock. Now, let's start with why they may be down over the last few months: - Plane sales are declining due to COVID -- great, they're about to bounce back, look at BA for comparison - Democrats in office - okay, but have they ever actually decreased military spending drastically? I think LMT will be just fine under a...