By Nigam Arora & Dr. Natasha Arora
MongoDB (MDB) is a database software stock. It is long from $24. It is trading at $450.00 up about $56 as of this writing in the aftermarket post-earnings. This represents a 1775% gain.
MDB earnings are better than the consensus.
MDB remains a buyout candidate. To date 167 of The Arora Report portfolio companies have been bought out producing a fortune for long-time subscribers.
At The Arora Report, we advocate diversifying by time frames ranging from very long term to very, very short term. Please see Trade Management Guidelines for six different time frames. MDB illustrates the power of long term investing.
This is a very long term position. The new target zone is $733 to $800.
For those following the Good Way, the Buy Now rating is ‘NO’.
For those following the Best Way, normally we give buy zones in advance but this stock is simply too volatile to give a buy zone for those who are not in MDB at this time.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock may wait for a signal on the Real Time Feed.
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This post was just published on ZYX Buy Change Alert.
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