BYD - Nice opportunity to enter this momentum playBYD has recently been more in the spotlight due to the heated EV Space.
With BYD's superior financials and profitablity due to its wide range of products, the fundamental value that is strong and view pullbacks as entries to buy this a piece of this wonderful company.
BYD
BYD Co looking for new highs.The real Tesla of China? It's not $NIO.
$BYDDF. A BUY signal flashed Friday afternoon, bouncing off Fibonacci level.
This stock is on WATCHLIST, waiting for it to see rise above $27 to confirm an upward trend.
BYD Auto has the highest sales than NIO, LI, or Xpeng.
And having Warren Buffett as a primary investor is a big plus. Earnings coming up March 30th.
DKNG - Double top or breakout?Happy Sunday! I am looking for gambling sector to break out here after the Super bowl and PENN earnings last thursday. The options flow is very bullish with February put call ratio at .34, March P/C ratio at .32. The highest OI is in the Feb $65 calls and March $70 calls. Feb 4th, DKNG agreement with the National Football League (NFL) to expand their current daily fantasy sports (DFS) and content partnership to Canada.
$BYDDY The Real $TSLA Competitor... Remains Overlooked.BYDDY
BYDDY Continues to be overlooked in the United States.
I originally provided information about BYD June 29th when the price was approx $15. Still a solid time to enter even now, Just need to find the entry point/
It usually follows the 50EMA, seems kind of over-extended right now, it should drop back to $38-$39.
Accounted for over 15% of all BEV's IN China last year... That means something.
The wide range of Fully Electric Vehicles:
-Buses
-Semi Trucks
-Coupe Cars
-Construction Equipment
Major Competitor with NASDAQ:TSLA ,
NKLA is only $2 away from the 70% zoneNKLA is probably the most hated and controversial stock in th EV market. I did take a position in NKLA even though a drop to the 70% correction zone could be meet, yet my trade position would last till the event up to NKLA world and hopes that the earnings report tells us pre order numbers on the badger and the the order numbers of the semi trucks.
News
-Trevor decided to stake his company shares, meaning his portion, to buy more shares. This will in return give him more ownership of the company as someone wrote up to 40% (not sure if thats true). Problem with this its not gonna affect NKLA nor is it even a stake since its existing shares and if the company flops no harm no foul, since he already made money on going public.
-NKLA badger is reported that the US hydrogen fuelcell version will have to wait, so NKLA can establish more pumps, since there's only 70 in the USA. Seeing their business model, we might not see the hydrofuel cell version until the semi network is established or partnerships with gas station companies. This is different in Europe will they will see the badger.
-NKLA has broke grounds in Arizona with its manufacturing facility. This also had the Arizona governor showed up. This is really big news for future growth of the company.
-TESLA beat its earnings and green energy vehicles are growing rapidly. If NKLA is successful at NKLA world and show a working Badger, they might be able to piggyback on the success of TESLA. Also watched a video on Astroid Mining and talked about how hydrofuel cells are a need for future space travel. Again very long term.
-According to recent data from Fintel, a free and paid site you can look up info on stocks and companies along with hedge funds, show institutional ownership is growing with less selling on their part going on.
-JPMorgan relased their price target of about 44-45 dollars, yet don't see any support their besides a bounce after the first crash too that level.
-Warrants expire next month as well. This will bring in more shares, yet with the shares already avabile this will have a small impact, yet looking at the price it might be psychological fear.
TA
-Like this week, that $27-$28 mark is our 70% correction zone and we are almost at it. What to expect? Likely to break below it and have a strong bounce back, yet do we sell the bounce back?
-Volume would need to pickup and help the VPVR level show there's trading action, yet as you can see the volume spikes and it dies off showing no signs of a reversal in the price anytime soon
-MACD is still uncertain what it wants to do. At eod it shows potential upside, yet the downward selling isn't helping.
-RSI is oversold, yet now I guess we are trying to do price discovery. Daily still shows more downside since RSI on that is oversold, yet is only at 36 with 50 being the middle ground.
-EMA is overextended and would need some good sideways movement to fix it.
-Now with the 27-28 being the zone of 70% correction I also put two more "support" lines under it where I saw sideways movements in the past. If you still want to wait you can look for an entry around 20.61 or 13.95, so buy zone is 28-13.95. After 13.95 gl
Final thoughts
If trevor is just gonna market buy, then he's an idiot. I would hire a professional to buy for me or set limit buys at certain areas. Again my current trade is down, yet holding till december is my plan. I don't plan atm to buy anytime soon and the only confidence the bulls have is that institutions are buying and this is like early days in TESLA, where everyone hates on you until something unexpected happen. Do I think NKLA is gonna be successful? IDK, but Elon did say with current automotive companies there's no competition. Can NKLA fill that gap? You also got a company called fisker, yet I would stay away since they already went bankrupt once and they are the same with NKLA and only have a concept idea, yet in its recent youtube videos and instagram videos, NKLA has shown off its Semi driving around and have famous people to show it off to. Other EV companies that are already established is NIO, really popular, and also one my fav since they partnered up with a crypto called VET, BYD. Those two are chinese, so might not find the same gains compared to TESLA.
The Big Short are US Casino OperatorsUS Casinos stocks are about to make 2008 look like a correction. Let me explain:
US culture is not European culture, nor is it Asian culture. This is why I don't want to touch casino operators that derive most of their revenue from Macau, like Las Vegas Sands (70% of revenue is generated in Macau). Asians are comfortable wearing masks and do not have high rates of obesity, which is one of the worst things if you're infected with the COVID-19 virus.
I am American, originally from NYC. I currently live in Spain. There are major differences in how rules are followed, and how policy is established. I won't get into my opinion on how Americans don't like being told what they can and cannot do, particularly rules established by the government, but there is a huge contrast when compared to countries in Europe or Asia. I am confident masks will not be the norm anytime soon, particularly in the "red states" where US casinos established their properties.
Red states have incredibly high rates of obesity. If the virus plagues these states in waves over the next 6 - 12+ months (like experts believe it will), I think death rates will likely be higher in these regions. As death rates start rising, more local casino visitors will be a lot more careful on the type of entertainment they decide to seek out. This is the year where gambling is crossed off the entertainment list for everyone.
Could you imagine being dumb enough to be older than 60 years old and going to a casino right now to play slots? Who plays slots? THE MAJORITY OF SLOT PLAYERS ARE OLDER THAN 55 YEARS OLD (according to a study done at Harvard) & slot machine revenue accounts for approximately 50% OF ALL GAMING REVENUES ON THE LAS VEGAS STRIP and 75% of ALL REVENUE in metropolitan and regional casinos. Ask yourself this question - if you were older than 60 years old, would you risk being infected to probably lose money at the slot machines?
The economy has absolutely ZERO chance of bouncing back quickly, especially in states where technology is not their strong suit.
Let's talk about farmers for a bit. Grain prices are getting crushed. In my opinion, we are on the verge of a deflationary spiral. US producers are in trouble if prices continue to break down. We are traders. We know the prices of agricultural commodities. Look. Out. Below. I don't know what percentage of farmers are gambling at any of the properties owned by Boyd Gaming, but I do know all of their properties are in states where agricultural farming is one of the most important industries in the state. Older farmers with thin margins are not likely to be their customers.
Let's take a deeper dive into the geographic diversification of Boyd Gaming. Here are the properties they own:
Properties:
LAS VEGAS >30% obesity rate
Aliante
The Orleans
Gold Coast
Suncoast
Sam's Town
Eastside Cannery
Cannery
California
Fremont
Main Street Station
Jokers Wild
Eldorado
ILLINOIS >30% obesity rate
Par-A-Dice
INDIANA
Blue Chip
Belterra
IOWA >35% obesity rate
Diamond Jo Dubuque
Diamond Jo Worth
KANSAS >30% obesity rate
Kansas Star
LOUISIANA >35% obesity rate
Amelia Belle
Delta Downs
Evangeline Downs
Sam's Town Shreveport
Treasure Chest
MISSISSIPPI >35% obesity rate
Sam's Town Tunica
IP Biloxi
MISSOURI >35% obesity rate
Ameristar St. Charles
Ameristar Kansas City
OHIO >30% obesity rate
Belterra Park
PENNSYLVANIA >30% obesity rate
Valley Forge
Now that I've given my basic economic argument on why I think US casino operators are in danger, let's confirm that with some charts:
Finally, here is my analysis on BYD 3 years ago. I was a bull. Timing is everything.
I am a technical trader, so no matter how logical this whole story is, the foundation of my strategy rests on the price action working in my favor. Know your stops based on the charts, not the story. Till next time.
$BYD can fall in the next daysContextual immersion trading strategy idea.
Boyd Gaming Corporation has a strong downside trend.
Due to the downside market trend and spread of the COVID-19, the demand for casino services fell.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $8,79;
stop-loss — $9,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BYD Long Bias1. Price just got rejected on the weekly structure with a bearish engulfing.
2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 .
3. Personally prefer it to close above the weekly structure.
DIS (ESPN) - Sports Betting Season in common with CHDN, PENN, BYDIS
Disney who owns ESPN has a few commonalities with sports betting and that's the NFL season ( Sept. - Feb.)
* Last Sept. to Feb was a strong run for the markets, so comparisons used here to show sector trend.
* Overlay SP500, NAS100 to know better than market
* Overlay sports betting Churchill Downs (CHDN), Penn Gaming (PENN), and Boyds (BYD) Gaming
* Current trend is with US states approving sports betting, not gambling is not used in legislative wordings....
* NFL season creates more betting than any other sport. ( except cricket mate...right?, Rugby7's, World Cup of Darts, no?!)
* BYD pays ~ 0.7% Div., PENN no Div., and CHDN pays a ~2.3% Div, but DISNEY, who owns ESPN pays a ~ 3.0% Div. yield
* BETA for betting is quite high, while DIS is low and near SP500 / NAS100 lines excluding the compounding dividend.
* Don't bet, just invest. This sector in risky with aggressive ups.
Comments for self. Post one comment if you look at this please (like/agree/disagree/fan/funny/WOT).
BYD CO Longafter watching all previous rebuy levels being reached within a short time i have now set buy stop at 7 which was the last rebuy level of this wave 4 downwards.
Expecting little to no big price action during the month of may.
This is another one of my longterm investments with soft targets around 20
Fantastic Long Opportunity in Boyd GamingSo sexy it's scary. Strong close on the last Friday of the month. Just wow. Do not hesitate, just buy it.
Disclaimer: I almost never buy stocks. My last stock was Irobot at $32 per share (now at $65). Before that was Nvidia at $19 per share (now in the 90s). Before that was Alibaba (no change).