I don’t want to be too definitive but some signs of life back in the beat up growth names. We are back Mortimer.(maybe)
Tipping my toe back in tsla, peak negativity may have been reached. Michael Burry about to learn why they call this the widowmaker for shorts. Ask Einhorn and Chanos.
Again, no where near definitive. So far may just be technical bounce. Eventually tho they have to bottom because they are good companies. The markets overshot last year towards tech and growth because COVID disproportionately affected brick and mortar old school companies. With government printing and that money no where to go but to the stocks that were least affected by shutdowns (or benefited). Now with reopening that trade got reversed. The Tslas of the world maybe never should’ve gone up 1500%, just 800% in a normal world, that was just the extra money with no where to go, now that money can go back into the banks and oil companies etc. Also with the Biden cap gains tax proposal, even if it is unlikely to pass, the best performing stocks from last year will get hit the hardest since they have the most to lose in higher taxes. Add to that supply shocks due to reopening have driven commodity prices through the roof, raising inflation fears and possibly higher interest rates. Rates affect growth stocks much more negatively vs value. with that said, neither of these things driving growth stocks down have anything to do with the actual companies, which are all still doing very well. So at some point once the adjustment, or maybe overadjustment is finished, they are still good long term investments. I’m not sure what the catalyst that’s needed for that besides time.
Blockchain Startup Chia Nabs $500 Million Valuation, Eyes IPO https://www.bloomberg.com/news/arti...-500-million-valuation-eyes-ipo?sref=vdKurlBI Excellent. This would ensure long term development of the project. Is this a start of a HDD "supercycle"? am i using supercycle correctly? hahaha if wdc and stx are smart they will use shell companies to participate in the PIPE.
@Dr of Dunk i think u mentioned previously u had some "gro" stock for weed farming? are u still "high" on the sector or are legis changes still a long way away? Have u heard of ugro? they provide engineering services and equipment sales for indoor farming. bought last week on insider buying. great last qtr, enterprise value is only $40m+, $12m rev last qtr with big backlog and broke even on ops for first time. they can probably do $50m rev this year. was actually thinking of holding it long term, but price just popped on news of $5m authorized for buybacks (makes timing of insider buying comical). margins are low, so multiple expansion may be a stretch, but revenues look like they are growing. hodl or sell the news? https://ir.urban-gro.com/
Algoma Steel and Legato Merger Corp. Sign Definitive Merger Agreement https://www.prnewswire.com/news-rel...gn-definitive-merger-agreement-301298220.html looks cheap but not much info, bot some warrants to gamble.
@adoo BLSH candidate? Last qtr looked good, unlike other SaaS, product is more of good to have, could do better in a recovery than a lockdown. Not that familiar with the company product, what i understand is that its similar to PLTR's data analytics, and TWTR is a customer. https://seekingalpha.com/article/4430108-alteryx-finding-firmer-footing-at-52-week-lows edit: Craig-Hallum Initiates Coverage On Schrodinger with Buy Rating, Announces Price Target of $85 https://www.benzinga.com/news/21/05...-with-buy-rating-announces-price-target-of-85
the jul 80/75 put spread, as a bullish put credit spread, has a much higher probability of success (expiring worthless) that any 10-pt spread w credit spreads, where the objective is to construct a spread that will expire worthless, i'd take a higher probability trade every time. my personal preference is that the size of the spread should not be more than 10% of the stock price
still here and averaging up since Jan, let’s go!!! and just to be clear, we are talking about that slut bag PLTR right
I was in GRWG from $14-$17 from Aug-Sep 2020 and got stopped out around $50-$55 back in February or March when everything was selling off. I haven't looked at it much since, but may look into some pot stocks. I don't know anything about UGRO, though. That 6-month chart looks like something out of the dotcom bubble, though. LOL. I'm pretty much in boring stocks for now. Not too high and not too low for the most part. Still not sure what to think about this market in the next few months, and kind of worried about it as the year-end approaches, so I'm playing it kind of safe. I'm still looking for interesting long-shot plays, but nothing like when SPACs and crypto were hot. Waiting to see if people get back into those things or if there's another sell-off. lol.
@Rodman23 any word from your pharma friends on OBSV? good P3 results came out earlier this month and filing NDA next qtr, but stock seems immune to good news. buy or nah?
they took advantage of the short squeeze to issue a ton of shares at $10, then recently management bought for themselves below $8, and after that announce company buybacks lol. Got in and out of LEGO warrants ytd from $0.78 to $1.30. Can feel some hype coming back haha. Cashed out my principal, left a few hundred to see if they can run up more, currently at $1.08.
Sorry I haven’t seen that one mentioned but haven’t seen any pharma plays in general. Not a good sector right now. All the buzz is on gme and amc today lol ;maybe day trades. would look for them to break highs
