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BLNK

12/23 PRE-MARKET WATCHLIST** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red trendline today. Again, careful trading today due to decreased volume!! WATCHLIST 12/23 Recall that my trading style is short scalps and intraday options. ZM calls over 409.65 BABA puts under 252.4 BLNK calls over 49 PENN calls over 96.65 PYPL calls over 246.1 SQ calls over 247.1 MRNA puts under 117.5 NVDA calls over 531.8 WKHS calls over 23.75 TWLO calls over 374.7 NFLX calls over 527.6 Happy holidays all!
ALong
by algrowithm
BLNK A Little Too ExpensiveThere's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation. Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash. Most recent 10Q shows me that: GP is up approx 122% from 3Q of last year while Operating Expense is up 38%. OPEX increase was largely in part of increased compensation and G&A expenses. Operating Expense now represents 292% of Revenue compared to the 364% reported same quarter last year. So the company is growing. Here's the downside. Share price is now based on a valuation decades into the future. Chart shows that we've got RSI divergence along the highs so expect a pull back. I'm interested buying but at the right price.
N
by NetWorthFocused
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