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SIEB Soars as Reddit Feed Targets Another Short SqueezeBrokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze SIEB spiked Friday after the brokerage firm became the latest stock to attract the attention of ordinary investors prompted by a Reddit message board called WallStreetBets. Siebert, which does retail brokerage business through its Muriel Siebert subsidiary, said that it has not released any news on Friday, Dow Jones reported. WallStreetBets has been trying to collectively push shares of these companies higher in a bid to force hedge funds and other large investors to abandon their short positions -- bets that stock prices will decline -- in those companies. www.thestreet.com
NASDAQ:SIEB
by AlenCiken
2
$MRNA Gapping up into our Elliottwave 5th wave Target ZoneJust a quick video pre-market to show the massive gap up on our MRNA stocks swingtrading opportunity. The mantra to go away with today is "You Gotta Be In It To Win It" With a simple and repeatable stocks swing trading strategy, when all your requirements are met, you need to keep adding the trades as you will get these types of moves. Not everytime but "You Gotta Be n It To Win it!" Just keep putting the high probability trades through with the help of our elliottwave indicator suite
NASDAQ:MRNA
by xBratSoftwareSolutions
3
SPY perspectives - two scenariosWe are moving into a more and more tight price action as we are in the end of the wedge now and with the rise of volumes we see some heighten activity in trading. RSI and MACD divergence are still showing divergence with the price and RSI is almost below 50. MACD has a bearish crossing and the histogram is going negative. Two possible scenarios are forming now. We have a bullish one that is currently forming as we've jumped from the internal support around 373 price zone. Failing to continue the movement back inside the uptrend we may see a fall below 373 and move towards the first support zone at 360.
AMEX:SPY
by DailyChartist
Why GSX stock soared? Short-sellers are getting squeezed.......The coronavirus is getting worse in China, and it's possible that investors believe that's a good thing for GSX. GSX is a remote-education company in China, and its business grew substantially in 2020. And if COVID-19 gets worse in that country, it's possible 2021 will be another good year for this business. According to The Associated Press, new coronavirus cases are causing the Chinese government to lock down two hospitals in Shanghai. it appears investors might expect GSX Techedu's services will be in greater demand if the pandemic worsens in China. This is further complicated by short interest in this stock. According to Yahoo! Finance, around half of the stock's float was sold short up until recently. If investors are buying shares over the last few days because of the news coming out of China, it could be causing a short squeeze, as short-sellers are forced to cover their bearish positions. Over 22% of GSX stock is sold short, giving it a short interest ratio of almost 14 days (anything over seven days is considered a lot). While that indicates short-sellers are getting squeezed, or being forced to cover their positions at ever-higher prices, it's more just a phenomenon flooding the market at the moment. the company is under fire from many popular short-sellers, who claim GSX Techedu is a fraud. And the company has indeed admitted that it is under investigation from the Securities and Exchange Commission (SEC). While that investigation is ongoing and it may turn out that everything is above board, this has caused a lot of people to actively bet against this stock. The company faces the possibility of being delisted from major U.S. exchanges if the SEC finds wrongdoing. Therefore, it's important to approach a GSX Techedu investment fully aware of this risk. Investors shouldn't be swayed by these price swings, and investors would be smart to sit on the sidelines until GSX Techedu sorts out the battle taking place between short-sellers and those long on its stock. www.fool.com
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by AlenCiken
Overstock to be limited partner in blockchain fundOverstock Partners with Pelion Venture Partners to Oversee Medici Ventures’ Blockchain Assets Overstock to be limited partner in blockchain fund OSTK today announces it will be converting Medici Ventures, Inc., its wholly owned blockchain-focused subsidiary, to a limited partnership (the “Fund”). An entity within Pelion Venture Partners, a third-party venture capital firm with a proven track record of successfully investing in early stage companies, will act as the general partner of the Fund. Pelion has blockchain and technology expertise with early stage companies and has helped guide many companies to economic success. Under the arrangement, which will close after obtaining necessary legal and regulatory approvals, Medici Ventures will be converted into a limited partnership. finance.yahoo.com
O
by AlenCiken
Bank of America in risk of a trend reversalMy bearish view for Bank of America is almost confirmed. All is left is a move below $30.59 zone. RSI and MACD are flashing red and point for a continuation of the selling. Volumes are descending as activity is slowing down resent days. Since the bad earnings, the bank is under pressure from investors, but still the downtrend is not entirely confirmed. Given the broader market and perpetual stimulus, BAC may have a second chance to continue its uptrend.
NYSE:BACShort
by DailyChartist
PBI jumps on positive pitch from Seeking Alpha contributorPitney Bowes jumps on positive pitch from Seeking Alpha contributor Pitney Bowes (NYSE:PBI) gains 40% after a Seeking Alpha contributor writes that the stock is "significantly" undervalued vs competitors and a break up or sale of company would unlock value. Expects PBI's global e-commerce business to be profitable for first time ever when earnings are released on Feb. 2. Highlights that Legendary investor Bill Miller owns PBI and believes e-commerce segment on a standalone basis is worth $12/share, citing 3Q Miller investor letter. PBI short interest "nearly" 20% of float www.reddit.com
NYSE:PBI
by AlenCiken
4
Significant and Rapid Reduction in Hepatitis B Surface AntigenInitial Data from Ongoing Phase 1 Trial of VIR-3434 for Chronic Hepatitis B Virus Infection Demonstrates Significant and Rapid Reduction in Hepatitis B Surface Antigen Data from the first blinded cohort of eight patients, two of whom received placebo and six of whom received a single dose of 6 mg of VIR-3434, showed that six of eight patients achieved a mean reduction of 1.3 log10 IU/mL in serum hepatitis B virus surface antigen (HBsAg) by day eight, the day when nadir was achieved in most patients. Additional data will be submitted for presentation at an upcoming medical conference. A Phase 2 trial combining VIR-3434 with Vir’s HBV-targeting siRNA, VIR-2218, is expected to commence in the second half of this year. finance.yahoo.com
NASDAQ:VIR
by AlenCiken
OSS as exclusive EPC for North American Solar ProjectsOrbital Energy Group's Subsidiary, Orbital Solar Services, Partners with Black Sunrise Half Century Fund and Akon Lighting America as exclusive EPC for North American Solar Projects. OEG), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has been named the engineering, procurement, and construction ("EPC") company "of choice" for the newly-formed Black Sunrise Half Century Fund. As announced by Akon last Wednesday at President Biden's "Clean Energy for America" Inaugural Ball (Clean Energy Ball), OSS is partnering with Akon, Akon Lighting America (Akon Lighting), and the Black Sunrise Half Century Fund to decommission coal-fired power plants throughout the United States and convert them into utility-scale solar energy farms. OSS is responsible for providing full EPC services for these solar facilities, beginning in the second quarter of 2021. In selecting OSS and Orbital Energy Group as its EPC company of choice, BSF considered OSS's technical, innovation and support capabilities. This includes OSS's proven track record of success in executing over 40 solar projects in excess of 600 megawatts, with more than 50 years combined experience in the delivery and management of both commercial and renewable energy construction projects. finance.yahoo.com
O
by AlenCiken
Express More Than Doubles Amid Reddit SpeculationRetailer Express More Than Doubles Amid Reddit Speculation Apparel retailer Express Inc. skyrocketed Monday, extending its meteoric rally with record volume as retail investors touted the company across various social media platforms including Reddit message boards. Express has been the subject of Reddit boards where users speculated whether it could be the next GameStop, the video-games retailer that is surging again today. GameStop, together with other heavily shorted stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. all surged last week as they continued to gain popularity among retail investors. Express short interest stands at about 14% of the free float, according data from S3 Partners. finance.yahoo.com
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by AlenCiken
Aemetis “Carbon Zero” Supported by $16.8 MillionAemetis “Carbon Zero” Solar Energy and Energy Efficiency Upgrades Supported by $16.8 Million of California CEC and Utility Grants Estimated $18 Million Per Year of Increased Net Income ($0.75 Earnings Per Share) AMTX) announced that its “Carbon Zero” biofuels production process has received a total of $16.8 million of solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel. The award of a combined $16.8 million of California Energy Commission and Pacific Gas & Electric energy efficiency programs to fund the ‘Carbon Zero 1’ biofuels plant reflects government and utility industry support for our mission to reduce greenhouse gases These Carbon Zero plant upgrades at the Keyes plant are an integrated part of producing below zero carbon biofuels from agricultural waste wood. The Carbon Zero 1 plant renewable energy and energy efficiency upgrades include funding and other support from the California Energy Commission, the USDA, the US Forest Service, the California Department of Food and Agriculture, and PG&E. finance.yahoo.com
NASDAQ:AMTX
by AlenCiken
U.S. Patent Trial and Appeals Board Affirms ValidityU.S. Patent Trial and Appeals Board Affirms Validity of All Claims of Corcept’s U.S. Patent No.10,195,214 announced today that the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office has issued a decision upholding the validity of all claims of U.S. Patent No. 10,195,214, “Concomitant Administration of Glucocorticoid Receptor Modulators and CYP3A Inhibitors” (the “‘214 patent”). The ‘214 patent expires in 2037. finance.yahoo.com
NASDAQ:CORT
by AlenCiken
5 stocks with impressive moves for the week of 18.01-22.01.2021Making a different kind of post here as we had a really impressive week especially for a couple of stocks that caught the eye. First starting with Luminar Technologies $LAZR. For some time this stock has been on the radar of investors and traders and there is a reason. Not only promising perspectives for the company but the presence of a symmetrical triangle. Volumes are low as the figure is still forming and Yesterday we closed with a slight breach of the figure. I would wait for further development of the price as the volume on Friday's push wasn't that impressive. But definitely keep watching that one. Next up is NIO INC $NIO. The next promising company in the electric vehicles market. For some time it stayed quiet with low volumes during the formation of the symmetrical triangle. Activity picked up recently and the news from Friday that Nomura initiated a buy for the stock with a target of $80 really gave the price a boost. We are in continuation of the uptrend with currently no reason to pass this stock from your portfolio. Moving on to Palantir Tech $PLTR. Impressive breakout of the triangle here as well. A stock that has been mentioned a lot this week and was on the watchlist of a lot of traders and investors. Strong push supported by volume not seen in December 2020. Complete full candle with even no attempt to sell the top. If you've missed this impulse you'd better wait for a correction, but this stock is starting to make a name for itself in early 2021. Number four - FUBOTV INC $FUBO. The plans that were announced earlier in January for the company to acquire Vigtory really made an impact. The company rose 120% in the following days. That rise was then covered and we are in a consolidation, but volumes are talking about the strong activity. This is still hot, so keep an eye on the triangle as we are heading towards the upper resistance. And lastly, but not least - Gamestop $GME. With multiple halts on Friday's session, this stock jumped 80%. Some would say that the flag before that was the omen, but the battle between retail, investors, and Citron Research raged on. 134 million shares were traded according to Bloomberg stats. A backlash against Citron by bulls over its views on the Grapevine came to a head-on Friday when the short seller said it will decline to comment on the stock following the actions of "an angry mob". Have in mind that a couple of days ago insider sales in GME saw big activity. The stock market never ceases to amaze me... Thrilling action to tease your eyes and to temper with your nerves.
NYSE:GME
by DailyChartist
5