Against The Herd

Yesterday, CrowdStrike came on the radar with its less than stellar, earnings release.

That, along with pre-market action, put CRWD on the ‘short’ list (not advice, not a recommendation).

Let’s not forget, no P/E, and no yield. 🙂

The open was well below support.

It was tempting to go short immediately; the challenge, wait as long as possible (and not miss the entry).

CrowdStrike CRWD, 15-minute

Sell, into the ‘heat’.

Short entry @ 468.285 (note: correcting yesterday’s error of 468.25).

As the short was entered, CRWD, was screaming higher, nearly straight up.

We can see in retrospect; the entry was near the high.

In the markets, you’re either early, or late; I’d rather be early (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Just The Beginning?

A self-inflicted wound.

Already short @ 468.25, CRWD-25-01, with stop to be the session high (not advice, not a recommendation).

Earnings release just out, shows, Revenues ‘below estimates’, link here.

CrowdStrike website, link here.

History of CrowdStrike from Wiki (not an endorsement), link here.

Charts to follow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279