The chode’s forever circling in a stir with the choice. Hum. Life’s weird that way. It tosses everything about in a humongous bag, the jewels amid the junk. We’re left sorting it all out, voting with our dollars, while hoping for a future. Meanwhile analysts refuse to mark even the radioactive as a “Sell.” And that’s life in the sprawling equity market. It’s all there, junk and gold.
Smart investors buy the best, and leave the rest. Those with no time for investing aren’t reading this. Many of them continue to believe that volatility is the enemy, rather than losses. Everyday Amazon sits right next to IBM.
Who knew? Everyone now. Mega-caps have dominated. Now they’ve been kicked around and taken for granted. All good, because they’re still working, only quietly in the background. Amazon and Microsoft are smoothly growing their businesses, working toward even greater dominance. When the open love returns in a flurry of photos and gushing accolades, pundits will reaffirm how plays like Amazon, Mrcrosoft, and Apple never go out of style regardless of all the zooming from Zoom or charging of Nikola. And then there’s Wells. Even when the financials cycle again, Wells will indeed remain Wells.
Wells Fargo remains beneath the federal eye, strictly prohibited from expanding their market cap. Why? Crime. The bank’s 2017 fake accounts crime spree proved so definitive that federal authorities could no longer accept flimsy pledges to reform. They were correct. In the wake of WFC’s systematically targeting and defrauding at least 3.5 million of its’ own customers, the bank has no been cited for placing mortgage holders on loan payment deferral, without customer’s knowledge. When questioned about weather they profited by doing so, the bank had no comment.
volatility can prove a painful suck. Embrace the suck. The marker commonly gives with one paw while taking away with the other. Example. Volatility now, in a trendless market. Many hate and fear serious sawtooth action. Many even design their holdings to minimize that chop. Don’t bother. Accept and embrace the chop. Chop is often a playable element of the investing life, even this trendless market.
We freely admit it. We love this company, and stock. It’s treated us very well over time. It’s always come back from downturns, and it’s so utterly tradable, both on earnings and day trades. We’ll say it once again–day trades. Further, the SaaS space is crowded and competitive. How many software companies do communication? We know no one else offering an amazingly simplified data analytics platform, one the company describes as “democratizes data.” Anyone can do it.
Irvine-based Alteryx offers drag-and-drop convenience data analytics to anyone, by “the seat.” Got some data scientist? Even better. They can configure the platform to their liking, deriving even more from a platform that mashes data from desperate sources seamlessly and with muss or fuss. That’s the difference. Until CEO Dean Stoecker came along, such analytics require laborious, expensive, time-consuming data prep. No longer. Guess what? AYX’s business plan and model are intact. It’s also what’s known as “secular growth,” a business that doesn’t require a thriving economy in order to grow. Yeah. And–it’s amazingly tradable. We do so around a core position.
The chart offered above displays the recent bullish MACD crossover(bottom), and a rising relative strength index, with scads of room to rise(RSI–just above the MACD.) The stock’s been living on a stable floor of support since early August. As usual, no guarantee comes with such a formation. Yet, there it is. As we state, we’ve played it ten times, usually in and out the same day for $2 a share. Really.
As usual, good luck and good investing.
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