Just Do Something! Snowflake Inc (SNOW)
How following DynaLogic's buy and sell signals on Snowflake Inc would have set you up to enjoy its recent success and left you with cash to re-invest in the event of a movement downward.
On June 23, 2022, analyst Mark Murphy with J. P. Morgan moved Snowflake (SNOW) to an overweight with a price target of $165. The closing price for SNOW on June 22 was $127.36.
On June 13, 2022, SNOW closed at $113.30 and DynaLogic issued a buy signal. The buy signal, generated by the percentage change in price, said to increase the investment in SNOW to 85% of the money allocated for SNOW. Since June 14, DynaLogic has issued 4 sell signals and has one pending at $162.65 to sell 1.74% of the position. Each of the sell signals are small, ranging from .67% to 1.36%. If you had invested $50,000 on June 14 and followed the sell signals you would have raised $2594 in cash and had a market value of $67,378 in SNOW. With SNOW up over 40% since June 13, maybe “doing something” makes sense.
Because DynaLogic gives you the next buy and sell signal price and amount, you could set up a GTC (Good Until Cancel) limit order at $162.65 to sell 1.74% or ____shares (# of shares outstanding times 1.74%).
“Buy when others are selling and sell when others are buying.” Warren Buffet
(Note: DynaLogic provides to subscribers relevant and real time market movement information on a host of equity securities. Signals (sell or buy) are based solely on mathematical changes in the price of a security. No other methodology is used.
DynaLogic is not a registered investment advisor, and it makes no representation or recommendation concerning the purchase or sale of any security investment product; DynaLogic provides no advice or recommendation whether a subscriber should or should not act on any signal a subscriber receives, and it has no knowledge whether a subscriber, in fact, acts on a signal or any signal; DynaLogic maintains no portfolio account or other investment information on any subscriber.)