Thursday, October 25, 2018

My Favorite Stock: Spotify

On my last post, I recommended Twitter with a buy of $28. On Twitter, I live-tweeted my purchase and sold today. I held for about a month, but it indeed paid off, with a huge 15%+ move after reporting earnings.

My new favorite, as I have posted about before is Spotify ($SPOT). The good news is due to market conditions it's pulling back. I am unsure where is a good price to buy as with every IPO, it really lacks price history since the stock is so new. I am currently monitoring the stock's behavior and may decide to purchase for a quick/medium term trade in the future. However, it's worth noting they are reporting earnings next week.