MongoDB (MDB) is a database software stock. It is long from $24. It is trading at $323.33 as of this writing. This represents a 1247% gain.
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.
MDB remains a buyout candidate. To date, 162 of The Arora Report portfolio companies have been bought out producing a fortune for long-time subscribers.
This is a very long term position. The target zone is $557 to $613.
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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