Chegg is a up and coming tool used by students for textbook needs. Subscription based programs are continually on the rise and given the outrageous status of textbook ownership across north american institutes they have managed to continuously grow. However with a recent data breach, lawsuit, and general correction in the NASDAQ (QQQ), CHGG is beaten down. Earnings will be reported on Oct 29th, however given the ludicrously high evaluations I cannot personally justify constant all time highs especially in growth based tech stocks which have yet too turn a profit. I am simply holding outright shares and will likey hold thru earnings or offload before hand if strong run up occurs.
הערה:
another strong beat, up 15% but sadly flat due to a early entry. Will hold as I am short term bullish, especially with AAPL later this week.
הערה:
Closed for 6% ROI, would hold but need $$ to fund znga trade