If you haven`t sold the $96 right shoulder bearish chart pattern:
then allow me to tell you about my experience with Shutterstock, Inc. (SSTK) as a contributor:
I am a contributor on Shutterstock from the time they were publicly listed and in the last years they changed the tiers in order to keep more for themselves and give less and less to the contributors. The earnings for contributors are now at the 2015-2016 low, people that i know are not interested to post on Shutterstock anymore.
The picture sales are decreasing massively for contributors and i think that will reflect in the April 26 earnings call.
I will buy some $65 May 20 puts, now at $0.60.
Other rival companies like Pond5 and Adobe Stock gained momentum and are starting to sell equal or better than Shutterstock recently. A lot of contributors that i know moved to those platforms.
My opinion is that the stock will drop to the $66 level and do a dead cat bounce before going to $43, which is a realistic target considering the contributors conditions right now.
then allow me to tell you about my experience with Shutterstock, Inc. (SSTK) as a contributor:
I am a contributor on Shutterstock from the time they were publicly listed and in the last years they changed the tiers in order to keep more for themselves and give less and less to the contributors. The earnings for contributors are now at the 2015-2016 low, people that i know are not interested to post on Shutterstock anymore.
The picture sales are decreasing massively for contributors and i think that will reflect in the April 26 earnings call.
I will buy some $65 May 20 puts, now at $0.60.
Other rival companies like Pond5 and Adobe Stock gained momentum and are starting to sell equal or better than Shutterstock recently. A lot of contributors that i know moved to those platforms.
My opinion is that the stock will drop to the $66 level and do a dead cat bounce before going to $43, which is a realistic target considering the contributors conditions right now.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.