$HIMS
Added 2025-05-07 10:01:27 +0000 UTC$HIMS had a day to remember yesterday, from -8% post earnings to +19% during the day yesterday and hit $50.56 at its high.
Price burst through the initial Subwave 5 target at the 2.618 Fib and almost hit the 3.618 Fib at $51 which we know is an extended fib level.
This was a short squeeze in my opinion and it remains to be seen whether or not it is over.
The amber fib levels are raised to reflect the height of this bounce.
Looking back on the short squeeze in Feb, we can see that the aggressive bounce over the last 2 weeks appears even stronger.
This was a possibility which is why I explained I would not be playing the subwaves before earnings.
I did trim -10% of my total position yesterday as $HIMS is extremely overweight in my portfolio now....although I can not complain, I have made more gains from $HIMS over the last 12 months than at any stage in my investing career, so I do typically like to let me winners just run and sit back and enjoy.
But it is nice to take that 10% position and be ready to buy other undervalued positions we have been watching lately.
Today, I will be watching for a pull back and hopefully it can start now to maintain the structure.
Comments
Any learnings to share? 😅
safoo
2025-05-14 13:53:55 +0000 UTCbetween $33-40
dmumf47
2025-05-07 15:20:17 +0000 UTCWhat could be the pullback level ?
Goldy Khurmi
2025-05-07 14:23:30 +0000 UTCI sold 5% also .. I just think this has such a long a bright future still .. but appreciate the risk management moves
TommyJR
2025-05-07 10:44:12 +0000 UTChumbled me yesterday taking a win at $43 to see it go much higher. Won't do that again but hopefully can buy below $40 to make up for the pain.
Ben Smith
2025-05-07 10:23:08 +0000 UTCI am very curious to see how we will handle the future price action, it will be a precious lesson for me
Federico Salerno
2025-05-07 10:10:12 +0000 UTC
