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Javed Mirza Unity Software U-N DON'T BUY Oct 17, 2024

Sideways trading range. Big fall on the chart indicates the 4-year reset. Chart doesn't look good, suggests nothing positive. Don't add exposure.

$21.280

Stock price when the opinion was issued

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DON'T BUY
Unity doesn't make money, unlike Meta or Microsoft in tech. Unity is too speculative.
DON'T BUY
From Nvidia's pre-announcement today we know that videogames are weak. Unity reports tomorrow. Unity may get beaten down even more.
PAST TOP PICK
(A Top Pick Dec 29/21, Down 81%) He got out in February, when all the levered SaaS companies got hit. These companies have so much debt because they spend so much money getting talent. Fantastic company. Software is used to make more than 50% of the world's gaming. Company expects to break even in Q4. Wait until Fed pivots to buy.
BUY

A good CEO. Are creating proprietary software.

BUY ON WEAKNESS

Right now, a bit rich. You can see the spike on the chart, due to recent partnership with AAPL. Came down from grace quite a bit, but has recovered from lows in the $20s. Fairly well priced. He'd look to buy on either side of $30.

DON'T BUY

It's had so many problems, and he can't recommend it until it makes money.

DON'T BUY

It's a falling knife.

BUY ON WEAKNESS

He did own it, but not recently. It could turn around in 2025. Could be a hold or buy on pullback. Be cautious on entry, though. It's fairly priced now. Buy around $20.50, then $19.

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TOP PICK

Unity Software Inc. is a leading platform for content creators of all kinds, including game developers, architects, automotive designers, filmmakers, and more. The company's primary product, the Unity engine, is one of the most advanced creation engines available, enabling high-quality renderings in both 2D and 3D formats. By providing the tools necessary to create compelling and interactive experiences, Unity serves as a linchpin in the digital content ecosystem. Social media mentions are up 64.2% in the past 24h.