Where to from here for Trade Desk Inc. (TTD US)?
Hi there MM! TTD. Could there be another leg lower and would that be a buy opportunity? Thoughts on investing in the company long term? Thanks Kim
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Answer
Hi Kim,
It is a very volatile stock having doubled and then halved since we have owned it, so in short, yes, it could well pullback from current levels. Above $US70 we are more inclined to trim our ~6% portfolio position on the expectation of getting another chance to buy the stock again. Another aspect to consider with TTD and other tech companies is that a lot of staff have been incentivised with stock, and they need to wait until after results to sell any – so a trend becomes obvious where good results are released, the stock pops then tends to drift / pullback after that before the next catalyst hits.
