• tlivingstonblog

Roblox

Online gaming platform Roblox is a stock that I will be monitoring very closely in the coming weeks. For those not familiar with Roblox, symbol $RBLX, it is an online universe that allows players to create or play games with other users. In our increasingly online world, Roblox has become a leader in the virtual gaming space. Talk to any ten year old, and they will tell you all you need to know about Roblox's increasing online presence. While Roblox was not profitable in 2020, it is estimated to bring in strong earnings in both 2021 and 2022. In addition, it has produced incredible sales over the last year, with the last four quarters showing accelerating sales growth. Its' most recent quarter saw sales increase by triple digits, something not too many companies can achieve.

This recent IPO has held up incredibly well since its' first day of trading. RBLX's chart is showing lots of accumulation with very little distribution coming in. That's usually an excellent sign that demand is increasing while supply remains limited. This is often a recipe for large percentage moves higher. I currently own RBLX with a stop loss in place to mitigate my risk.


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Full Disclosure: I currently own Roblox.


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Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.