drchelsea1

U - Unity Software / 3 Months / Tight Range/ Earnings Breakout

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drchelsea1 Cập nhật   
NYSE:U   Unity Software Inc.
0. Notes to follow;
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UPDATE DROPPING AFTER HOURS.

Looking to double our position on this stock in the $125 range if we can here...
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It bounced off $130, we grabbed a bit. Back to $135.
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This is funny, as the earnings haven't hit the wire yet. It is 4:12PM. Hmmmm.
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Adding more at $130. This stock is getting hosed. Showing a Head & Shoulders Pattern now. Can't even see Earnings on the wire.

Our Position and Plan

Well, looks like we have a small position at $148, and another matching position now in the low $130 range.

Average: $139.50

So we wait, see what goes on, and average into this. This is a good long term play, and a discount here at earnings, from a stock in a 3 month trading range.

Cheers.
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Update

Unity Software sees Q1 revenue $210M-$220M, consensus $214.71M
Unity Software sees FY21 revenue $950M-$970M, consensus $956.08M

Unity Software reports Q4 EPS (10c), consensus (14c) 16:20 U Reports Q4 revenue $220.3M, consensus $204.23M. "Unity achieved record fourth quarter and full year 2020 revenues in an unprecedented and fast changing technological and economic environment," said John Riccitiello, President and Chief Executive Officer of Unity. "As the leader in creating and operating tools for the world of real-time 3D content, we continue to invest with the intent to capture what we believe is a substantial opportunity ahead in 2021 and years beyond."

Read more at:
thefly.com/n.php?id=3241461...
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So Revenue and Guidance and IN LINE, and EPS is the issue here. Sounds like too much of a beat down after hours. Stock should recover in the coming while. Investing is tough, always start with "small positions" as we suggested here when you "initiate a new position", and do your own due diligence.
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Feb 9 2021

Stock at $127+

We have been slowly buying since $125; and the bounces against it.

We are going to build a NICE position as we slowly go back to $150.

We are break even on this position so far, and we like this stock.

We are Hodling ;)
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Actually we are -$18.00 right now lol; considering how many shares we have now, and we started before the post-earnings smash-down, not bad averaging in I would say.
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