Dogs
CHWY one last push? CHWY holding that support line nicely and bounced off 50 day EMA. Watching for a breakout of the downtrend for a clear reversal to retest ATH. Break of the support line this could be a nice short down to 94 under that I can see an overall move down to 87.
High Risk High Reward play
Playing options have a tight stop loss on this as its very overextended stock
Key Levels:
Support: 101.40, 98.60, 97, 94
Resistance: 104.20, 106.85, 110, 112
Monthly Bark Box subscription service to go Public via SPACBARK is a leading global omni-channel brand for dogs. They distribute products that include treats, food and plush chew toys via a monthly subscription called Bark Box. Customers love their dogs and want to provide them healthy food and treats in a fun way. Many customers post box openings on social media as the dogs go crazy to find out what's inside.
Northern Star Acquisition (STIC) is a special purpose acquisition company with $254m to deploy and another $2000 from PIPE investors. On December 17, STIC announced its intention to acquire BARK with the following details at an enterprise value of $1.6b. Ownership will be divided as:
1) BARK Equity (existing owners): 74.3%
2) PIPE Investors: 9.9%
3) SPAC Public Shares: 12.6%
4) SPAC Founder Shares: 3.2%
BARK's unique product offering and data-centric innovation seems to be a winning formula in a community of owners that deeply care about their pets physical and mental health.
A shout out to Jonah Lupton (@JonahLupton) for this pointer. He has a great newsletter you can find from his Twitter feed.
Fundamentals
Net revenue of $149m, $191m, $224m last three years (18,19,20)
Estimated net revenue of $369m, $516m, $706m next three years (21,22,34)
60% gross margins and improving via high quality subscriptions
1.1m subscriptions
Technicals
Up 37.58% since acquisition announce
25m Class A shares outstanding, 20m in float
$465.5m market cap (based on Class A)
Question
I'm not an expert on how the SPAC final merger works. But it seems that given SPAC Public Shares (25m Class A) represents 12.6% of enterprise value, the market is effectively valuing the merged company at $3.6b (465.5m / 12.6% = 3.6b). I'm curious from others what their view is on SPACs and whether you invest before merger or after merger. Looking at other completed acquisitions, you can find cases for both, but typically the price drops back to the $10 for the original issue.
Anyway, looks like a great opportunity to put on the watch list.
QVCA Long --Dog's of the NASDAQ Screener-- (3.5:1 Reward:Risk) Sup all I did some screening and TA a while back and I figured I would share my findings on this one: QVCA
Check out the other idea linked below;
Like, follow, and comment please! I am trying to post more now via the video feature to explain some of my crowded charts :)
Manage your risk accordingly!
GL HF
xoxo
snoop
Dogs of the DOW - One Year Entrance – XOMThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy.
Once bought, FORGET THE EMA's, as the link to the article that explains the strategy points out. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy. BA is one to wait for. MRK is one to wait for. INTC is one you wait for. XOM is a current buy.
Dogs of the DOW - One Year Entrance – INTCThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy.
Once bought, FORGET THE EMA's, as the link to the article that explains the strategy points out. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy. BA is one to wait for. MRK is one to wait for. INTC is one you wait for.
Dogs of the DOW - One Year Entrance – MRKThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy.
Once bought, FORGET THE EMA's, as the link to the article that explains the strategy points out. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy. BA is one to wait for. MRK is one to wait for.
Dogs of the DOW - One Year Entrance – BAThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy. Once bought, FORGET THE EMA's, as the link to the article that explains the strategy points out. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy. BA is one to wait for.
Dogs of the DOW - One Year Entrance - IBMThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy.
Dogs of the DOW - One Year Entrance - CSCOThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
Dogs of the DOW - One Year Entrance - PFEThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting and hold until that close. CAT IS A BUY. VZ is a buy. PFE is a hold. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy.
Dogs of the DOW - One Year EntranceThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. VZ is a buy. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
Dogs of the DOW - One Year EntranceThe current Dogs are: CVX, CAT, VX, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
Dogs of the DOW One Year EntranceThe current Dogs are: CVX, CAT, VX, PFE, CSCO, IBM, BA, MRK, INTC, XOM As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average that is offset by 4, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy