Roku

Discussion in 'Investment Charts' started by baudwalk, Jan 9, 2019.

  1. baudwalk

    baudwalk Senior Investor

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    Roku https://ir.roku.com brings TV internet streaming to viewers through its TV sets and add-on devices. Albeit a lofty P/E, it seems as if a breakout of the recent decline has tsken place. Some pundits are suggesting a return to the rarefied air of ~$75. While i don't believe that forecast, I expect this could return to the ~$60 area. I have a cash covered put expiring Jan 18, bought shares Wednesday and will try again to sell a call Thursday. There is premium to be had. Giddyup.
     

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  2. gowiththeflow

    gowiththeflow Senior Investor

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  3. gowiththeflow

    gowiththeflow Senior Investor

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    Do you think we will see a slight fallback in the share price in the short term? Might be an interesting buying opportunity? Next Netflix?
     
  4. baudwalk

    baudwalk Senior Investor

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    On Dec 31 I had sold a Jan 18 exp cash-covered $27 put. The stock was bouncing around $29-30; I was bottom-fishing and the price ran up. So I will only collect premium. This week this consumer- discretionary stock was fueled by CES/Las Vegas visibility. I don't think it will can challenge Netflix, but I would exoect it to remain more popular than Amazon. Watching the daily wiggles these past few days my gut reaction is maybe perhaps possibility an oscillation might may produce a dip as low as $36-37. I I have no scientific evidence though. YMMV. :)
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    I see a company with a relatively low cost base which, in the right environment, should be able to rollout services right across the world. A poor mans Netflix? Possibly, but if it makes money then it is good enough for me :)

    Certainly one to watch and a good spot.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Interesting - maybe not the next Netflix but a potential disruptive influence all the same. We all know what big companies do with disruptive influences - take them over :)
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    If you were going to buy, now would probably be the time - a pull back on the recent rally. Looks like short term profit taking but we shall see over the next couple of days.

    I dont care what anyone else says, if you do your research and you are patient (and willing to take a degree of risk) there are still some untapped gems out there. Finding them before the market does is the challenge!
     
  8. fireopal

    fireopal Senior Investor

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    This has been making a nice move since $29-30 ranges and expecting more with upcoming er 2/21
     
  9. baudwalk

    baudwalk Senior Investor

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    My expectation is that ROKU will climb back into the $50's based upon market action this past year. I don't expect the $70's again but we shall see. Giddyup.
     
  10. fireopal

    fireopal Senior Investor

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    @baudwalk good er should carry well beyond $50 but like you said, we shall see :)
     
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