Losing friends #stocksFacebook is being cut from the portfolio today after breaking below range lows. The stock has been an underperformer since I bought it in the November and I am not going to wait around for it to get its act together. If we can get back over 275 and the downward trendline I will reconsider but for now the stock is a no touch. The twitter news is bad for twitter based on the price action today but I think it is equally bad for Facebook. Both are going to have to try to balance free speech with disinformation and I am not sure if either have the answers.
Stockanalysis
Why Qudian Stock Popped higher in 2021?Why Qudian Stock Popped higher in 2021?
On Dec 30, 2020 in Brussels, European Union negotiators finalized the terms of a historic investment agreement with China. Seven years in the making, the new Comprehensive Agreement on Investment is expected to grow international trade between the EU and China, facilitate cross-border investment, and "strongly stimulate" the economies of both nations, according to Chinese president Xi Jinping.
CNN highlighted the financial services sector, electric vehicles, and healthcare as three areas of the Chinese economy likely to benefit especially from the trade accord.
Don't expect to see immediate benefits for Qudian Stock, however. Just because negotiators have signed the deal doesn't mean that their respective legislatures will ratify it, and the Comprehensive Agreement can't go into effect before that happens.
According to FT, EU officials are targeting an effective date for the agreement no earlier than 2022.
www.fool.com
Bakkt Expected to Go Public via Reverse-Merger with VPCBakkt Expected to Go Public via Reverse-Merger with VPC Impact Acquisition Holdings
In a move which is expected to be announced in the coming days/weeks, digital asset service provider ‘Bakkt’ is said to be finalizing a merger with VPC Impact Acquisition Holdings (VPC). The move, first reported by Bloomberg, is believed to be in its final stages. If completed it would be what is known as a ‘reverse merger’.
For a company such as Bakkt, which has already raised hundreds of millions from existing investors, why is such a merger necessary? Simply put – it is often a cheaper and quicker way for a company to go public, as opposed to hosting its own IPO.
These benefits are the sole reason VPC Impact Acquisition Holdings hosted its own IPO months ago. The company was created with the purpose and intent to go public, and subsequently be acquired by a promising company, such as Bakkt. At the time of its IPO, the company stated,
Bloomberg notes in its report that insiders with knowledge on the matter believe that post-merger, the companies will see a valuation of roughly $2 billion USD.
Dating back to mid-2018, Bakkt, was one of the most anticipated platforms geared to enter blockchain industry. While the company has come a long way since – becoming a popular service provider for BTC futures – it has experienced various hiccups along the way. Not only have multiple of the platforms expected services been delayed, but it has lost multiple CEO’s since its founding.
Hopefully, between the increasing popularity of the digital asset industry itself, increasing volumes of its custodial and futures services, and upcoming loyalty spending program, these struggles are a thing of the past for Bakkt.
Why CNET 3D-Printing Stock Soared YesterdayShares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE:DDD) reported blockbuster preliminary results for the fourth quarter.
This news has given investors hope that other companies in the sector will report similarly strong results.
in the first three quarters of 2020, Stratasys's total revenue fell by more than 20% year over year.
The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic.
www.fool.com
CNET Announces Strategic Partnership with Yujun CapitalZW Data Action Technologies Announces Strategic Partnership with Yujun Capital
CNET announced that it has reached strategic partnership with Yujun Capital and its subsidiary Yujun Digital Technology Co., Ltd. (together, “Yujun Digital”) pursuant to which Yujun Digital will provide online branding and management service to the Company’s merchant clients.
Yujun Digital team consists of experts in the fields of new consumer products and digital transformation in the Guangdong-Hong Kong-Macao Greater Bay Area.
The Company is confident that together they will build a strong management and consumer service platform for its merchant clients.
“ZW Data and Yujun Capital will build a five-dimensional platform with digital product selection, brand content marketing, digital growth, private domain traffic operation, and brand digital intelligence.
finance.yahoo.com
Let it snowSnowflake has been a widely discussed stock over the past couple of months due to its huge move right before and after coming public. The stock has given up a lot since the highs of November and has entered into the larger range from the highs and lows of September. I am going to take a shot a buy here/ within the green rectangle with a stop below $266. I am looking for a breakout above the range around $320.
Off to the races? #stocks Nio powered through the high end of the range today and there is a potential breakout opportunity setting up. As long as we get a close above the range high (top end of rectangle) and the stock can hold above the $49 area (smaller green rectangle) in the coming days and weeks then the trend is still to the upside.
Bitcoin Sets Its Sights beyond $40,000, Boosting XNET stockBitcoin Sets Its Sights beyond $40,000, Boosting XNET stock higher
As has often been the case for much of the past couple of months, when bitcoin rises, a handful of stocks also perform well, including XNET stock.
On Wednesday evening, the combined capitalization of the entire cryptocurrency market surpassed $1 trillion for the first time, according to CoinDesk.
Cryptocurrency stocks continue to see outsize trading volume, leading to high volatility, as bitcoin and other alt-coins keep pushing to new highs.
Investors should keep in mind that many cryptocurrency stocks are penny stocks and incredibly easy for traders to manipulate.
Xunlei is surging by a ludicrous amount today and there's no fundamental reason to explain the move. But the stock's trading volume is almost 44 million, according to Yahoo! Finance, rivaling that of some of the largest publicly traded companies.
Xunlei's move today is reminiscent of the surge Bit Digital had during the past week. The stock more than doubled in just a couple of days but is losing steam now that the pump is over.
Herein lies the problem with stocks surging on trading volume that's out of sync with business fundamentals: There's no way to tell when the music is going to end. That's true of Xunlei and Bit Digital stocks, but also others like Marathon, Riot Blockchain, and Canaan. These three now have market caps over $1 billion each, trading with price-to-sales ratios in the hundreds.
TSLA stock target price before 20 Jan 2021 : 1080$ ~ 1256$.It's possible that TSLA drop down at magic numbers like 888$ or 999$.
That's easy TSLA rally to 900$ on 12 Jan 2021.
It's a good idea that buy some really cheap options to hedge TSLA meltdown, ex. TSLA put Jun 21 at strike 270$ ~ 495$.
Short some TSLA CFD with little stop-loss order when TSLA diving.
The market could reach a incredible high level before 20 Jan 2021.
be careful when TSLA higher than 1080$.
Double-Tops pattern
fuzzy range 12xx$~13xx$
270$ is a potential bottom price.
However, everything is
possible. The most optimistic scenarios
for TSLA is 2295$ at end of the year 2021.
stock analysis by Jiucai334
Completes Sale of Cimatron and GibbsCAM Businesses3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020
- Announces Date of Fourth Quarter and Full Year 2020 Financial Results
- Close of sale of non-core software businesses for cash proceeds of approximately $64 million
- Repayment of all debt outstanding under senior secured term loan. With the paydown of the term loan, the company is now free of any outstanding debt but continues to have availability under its senior secured revolving credit facility, which remains fully undrawn at this point.
- Official termination of ‘At-the-Market’ Equity Offering Program
- Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
- Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis.
Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4.
Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter.
finance.yahoo.com
Reversal setup #stocksTcom has a great reversal setup unfolding. A buy here with a stop below 31.19 looking for a play back to the range (rectangle) high and then hopefully toward 37. Recent absolute rate of change has been choppy but there was strong momentum November into December so hopefully the speed to the upside will continue. There could be great breakout potential here if this initial reversal works out because the stock has done nothing for months
Ospraie Management and GPRE Acquire Majority Stake in Fluid QuipOspraie Management and Green Plains Acquire Majority Stake in Fluid Quip Technologies
The partnership will immediately leverage their combined technologies and relationships to produce and market sustainable ingredients with increasing protein concentration levels and nutritional characteristics for pet food, aquaculture and animal feed markets globally.
The partnership will also help accelerate the installation of Ultra-High Protein technology across Green Plains’ platform, amplify its production capabilities and further expand product offerings to accelerate the growth of Optimal Aquafeed’s precision aquaculture solutions, leveraging previously announced partnerships with Novozymes and Hayashikane
Green Plains will look to deploy a number of Fluid Quip’s advancing technologies in sustainable high proteins, renewable corn oil and Clean Sugar Technology (CSTTM) throughout its platform beginning in 2021.
The partnership will enhance Fluid Quip’s ability to provide premier technologies and engineering services while accelerating technology development and deployment across biofuels and biochemical facilities worldwide.
Ospraie acquired 550,000 warrants for Green Plains stock (each warrant equal to one share of stock) with a strike price of $22 per share.
finance.yahoo.com
Its almost time to flip the burgerOn days when the market and my overall portfolio is doing well I cant help but concentrate on the losers. I guess that's the trader in me upset that everything isn't working. My mid range play has been beyond bad. Because the position is small and the stock is volatile I have a wide stop at the lows back in November at $113. As we approach the low end of the range (rectangle) its make or break time. I am hoping that we can get a bounce and then a further move to the upside above the trendline so the position can regain some losses. If we see any breakdown below $113 then it will be time to cut the position and wait until for another opportunity in the future.
Who's ready to trade Apple this year? 🍏💵🚀Calling all you stock traders.
I have covered stock ideas on my page before both long term and short term ideas have been covered.
Apple I have covered previously that the script we use picked up a buy signal late in 2019 on the one week chart and is still climbing now!
But today I want to cover Apple on a much lower time frame. The 1H time chart which would suit CFD and stock day trading much better.
Over the festive period our scripts settings and parameters have been optimised and I want to share the results of the last two trades of 2020.
As you will see from the chart the last short trade was a failed trade but a long trade presented soon after and went on to achieve the 10% take profit target that I have set on this stock.
Our script is a trend following strategy, can be used on any instrument and time frame.
I simply await the next trade to present on my chart and I will enter the trade and set my stop loss and take profit figures.
No lines, no S&R - no analysis, all I have to do is follow it.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL, Take profit targets, lot size etc.
The script itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY' or 'SELL' is indicated on your chart and all bars will turn green or red depending upon the trend in play.
The major plus point is I can see it works with all the data within the strategy tester.
Over the month of December we optimised the scripts parameters specifically for the Apple stock.
The back test data is based on trading a fixed size of 100 contracts per trade with a £5000 starting capital.
All trades are logged on the tester results so please feel free to press the tabs and have a good look for yourselves.
For any more information on the script in question please drop me a message.
Blade to become publicly listed on NASDAQ through EXPCBlade to Be Listed on Nasdaq, Creating the Only Publicly Traded Global Urban Air Mobility Company
Blade is a global urban air mobility platform, utilizing a technology-powered, asset light model with unrivaled brand recognition
Blade to become publicly listed on NASDAQ through a business combination with Experience Investment Corp. (NASDAQ: EXPC), a public entity sponsored by an affiliate of KSL Capital Partners, following expected transaction close in the first half of 2021
Transaction values Blade at an estimated pro forma equity value of $825 million upon consummation
Transaction to provide $400 million in gross proceeds, comprised of Experience Investment Corp.’s cash held in trust and an upsized and oversubscribed $125 million fully committed PIPE at $10.00 per share, including investment commitments from affiliates of KSL Capital Partners, Hedosophia, HG Vora Capital Management, and David Geffen, as well as original investors Barry Diller, David Zaslav and Robert W. Pittman
The capital raised will enable the Company to expand new urban air mobility routes, its network of captive passenger infrastructure, as well as its consumer-to-cockpit technology stack, accelerating its transition from use of conventional aircraft to Electric Vertical Take-Off and Landing (“eVTOL”) aircraft
Urban air mobility is expected to be a $125 billion market by 2025 and grow to $650 billion over the next decade, according to Morgan Stanley Equity Research.
www.businesswire.com
ftiv Announce Execution of Definitive Business CombinationPerella Weinberg Partners and FinTech IV Announce Execution of Definitive Business Combination Agreement
Transaction Includes Commitments for a $125 Million Common Stock Private Placement from Leading Institutional Investors Including Fidelity Management & Research Company LLC, Wellington Management and Strategic Investor Korea Investment & Securities
Perella Weinberg Partners’ Working Partners and Employees Will Own Approximately 50% of the Company Post-Closing
The transaction reflects an implied equity value for the Company of approximately $975 million.
Established, Diversified Franchise in the U.S. and Europe With approximately 560 employees.
Culture and Alignment Positioned to Drive Shareholder Value
The cash component of the consideration will be funded by FinTech IV’s $230 million cash in trust
At closing of the transaction, PWP expects to have a debt-free balance sheet with access to additional liquidity under an undrawn revolving credit facility.
The business combination is expected to close in the first half of 2021
finance.yahoo.com
Anderson from Colliers reiterated a buy ratingAnalyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15.
Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game console is the inclusion of adaptive triggers in the controller, which facilitate a new level of haptic feedback for players.
Anderson has been using the DualSense controller and called it a "breakthrough" for Immersion to score such a high-profile design win in a mass-market application. Demand for the PS5 has been off the charts, with units flying off digital shelves within minutes of retailers getting additional inventory after launching last month.
"Immersion collects a royalty from each controller and we expect more than one controller will ship per console over time to support multiplayer gaming and to replace worn-out controllers,"
"The DualSense controllers are already available at retail ahead of the PlayStation 5 console launch."
Anderson believes that Immersion will be able to expand into other markets with its haptics technology offerings, and that the company has finally created an "efficient and predictable operating model."
www.fool.com
The analyst also notes that Immersion's fundamentals are becoming more predictable with 80% of revenue coming from per unit royalties, double the amount from four years ago.
seekingalpha.com
BARK to List on NYSE Through Merger with STICBARK, A Leading Brand for Dogs, to List on NYSE Through Merger with Northern Star Acquisition Corp.
BARK serves over 1 million dogs monthly through BarkBox and Super Chewer subscriptions and broad retail distribution of its comprehensive suite of best-in-class, proprietary products
projected revenues of approximately $365 million and gross margins of approximately 60% for fiscal year ending March 31, 2021, 179% YoY increase in revenue from new product lines in first half of FY2021, and net revenue CAGR FY2020-FY2023 of over 40%
Transaction values BARK at an enterprise value of approximately $1.6 billion and is expected to provide up to $454 million of gross cash proceeds to invest in the acceleration of new and existing product lines as well as international expansion
Top-tier institutional investors, including Fidelity Management & Research Company LLC, Senator Investment Group, the Federated Hermes Kaufmann Funds, and affiliates of the Santo Domingo Group, among others, are supporting the transaction with an upsized $200 million fully-committed PIPE
The Northern Star and BARK Boards of Directors have unanimously approved the proposed merger and the related transactions, which are expected to be completed early in the second quarter of 2021,
www.prnewswire.com
500.com Limited Announces Private Placement500.com Limited Announces Private Placement and Appointment of New Officers
500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it has entered into a definitive share subscription agreement (the "Agreement") with Good Luck Information Technology Co., Limited ("Good Luck Information"), a company incorporated in Hong Kong, for the issuance and sale of newly issued Class A ordinary shares of the Company ("Class A Shares").
Pursuant to the Agreement, Good Luck Information will purchase 85,572,963 newly issued Class A Shares for a total purchase price of approximately US$23 million, to be settled in U.S. dollars or in crypto-currencies, including Bitcoin (BHC), to be determined chosen by the Company within one month of the date of the Agreement. Good Luck Information shall make full payment of the purchase price in currencies determined by the Company within one month of the Company's determination. The per share purchase price of US$0.269 is the closing trading price of the Company's ADSs on December 18, 2020, the last trading day immediately preceding the date of the purchase agreement. as adjusted by a 1-to-10 ADS to ordinary shares ratio.
Good Luck Information has agreed to subject all the shares it or its affiliate will acquire in the transaction to a contractual lock-up restriction for 180 days after the closing. The closing is expected to take place on or before February 20, 2021, upon satisfaction of customary closing conditions.
Good luck Information is controlled by Mr. Man San Vincent Law, a founder of the Company, who currently holds less than 5% of the Company's outstanding share capital. Upon closing, Good Luck Information will hold 16.6% of the Company's issued and outstanding ordinary shares.
finance.yahoo.com
Nvidia long position ongoing. Hello traders.
Just wanted to share an ongoing Nvidia trade with opportunity to still enter before market reopen.
Working the H1 time frame here on this stock using a follow trend script.
Nvidia is a great example of how the script I'm using can be used on stocks if you operate on lower time frames to catch the ups and downs needed for working those lower time frames.
On this stock I'm using the script to work to a stop loss and take profit target.
Back test data is show at the bottom of screen on three years worth of data.
For anymore information please drop me a message.