Are You With Hims And Hers?

It is always the rarity in a society that is the standard of beauty. In societies where most people are of average or above average weight, the less than average weight is a rarity and thus considered to be the standard of beauty. In societies where everyone is of below average weight, someone who is of above average weight is more desirable. Humans are strange.

With the incredible weight (no pun intended), the sense of sight carries and the visual being the primary sense of attraction or repulsion, the weight-loss industry has probably never been stronger. Just the promise of a reliable weight-loss solution is enough to run a stock up. Or a failure of the solution enough to smack the stock down.

While HIMS is not completely dependent on weight-loss solutions, it relies on products that seem to want people to be more desirable to the opposite sex. Since a stock speculator really does not care much about the company’s products, and cares far more about the stock’s price/volume action what does the chart of HIMS show?

If this chart was placed in front of you and you had no clue as to which stock it belonged to, what do you observe? For the layperson, nothing probably makes sense. Suppose you took a couple of minutes to really pay attention. That is the full one hundred and twenty seconds to slowly scanning the chart from the left to the right while paying attention to both price and volume changes. And suppose you focus solely on things that are obvious and events that are in tandem. Meaning both price and volume should together offer clues simultaneously. A price hint without a corresponding volume hint means nothing and similarly, a volume hint without a corresponding price hint means nothing.

Is HIMS A Good Stock?

But charts do not make sense and mean not a thing to most. Until it belongs to a stock that they own, and that stock makes a big run. Suddenly, the non-believers become believers. A winning stock can change anyone’s mind and about anything. Money brings the fool out of a genius and the genius out of a fool. Suppose there is winning stock in front of your eyes. If you own that stock your wishes and hopes are far different than if you did not own that stock.

There is a reason the speculator uses stock charts to get a feel of what is happening with the stock. Is it moving up?  Does it offer reasonable odds of wins if proper commitments are placed? Is it being supported by the insiders at a price higher than its prior low? The need to find a way to remove human emotions, wishes, hopes, fears and greed from proper decision making is paramount for a speculator. Is there a better way than observing what is happening to make your decisions?

When it comes to other fields of expertise, one observes the goings-on and then formulates an opinion and decides. Stock operations are no different.

Do the price bands and the price and volume annotations in this chart above help clarify anything? Still a bit confounded? What if a few more words and arrows are added as in the chart below?

Let us work on a mental exercise. Let us say you have two separate dreams. In one dream, you own the stock. It is immaterial where you bought it and since this is a dream you have forgotten what your buy price was. But today you checked its price, and it is $20. What is your desire? Or wish? Or hope? It would be obvious that you wish the stock to rise further in price.

In the second dream, you do not own this stock. But you started watching it when it first crossed $12. You kept watching it. Then the stock cleared a hurdle at a price of $16. Suppose today the stock closed at $20. In this dream what is your mind wishing to happen? Does it wish the stock to drop? Why? So that you can buy it or because you do not wish what looks like a rising stock to continue rising?

When you wake up, regardless of which dream you are dreaming, it becomes clear that the stock could care less about you and your desires. It will do what it wants to do, with or without you. Since it will do what it intends to do, propelled no doubt by the insiders, you have no choice but to observe, interpret and act. It does not matter whether it is this stock or some other stock. Without observation, how can you make a proper decision?

Is HIMS Stock In An Uptrend?

What is a rising stock? Also known as a stock that is an uptrend. Is HIMS a rising stock? An uptrend can remain in place until it does not. In other words, a trend can end or come to a stop any time. A trend can reverse any time as well. Anything in the stock market can happen at any time. You know that most of the moves in the market disguise themselves. Sometimes as a decoy. Or red herrings. Or shakeouts or fake outs. Like a running back giving the opposing team’s defense with a head fake, a juke. As counter intuitive as it seems, it is always better to be late than early in the stock market. Having said that, does HIMS look like it may be in an uptrend yet? Has a true move begun yet or is it just a decoy? A juke?

What does this chart say to you? Does the video below help any?