Wallstreetbets
BYNDBeyond Meat,
One of the most shorted stock in the US market.
It is clear the had difficulties to ramp up the production and to expand their business, still waiting the beyond burger at McDonalds.
BYND has a quite interesting chart pattern.
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Stock is going to catch up the ema 200
• Orderly consolidation with higher lows & tightening range:
• RDM, VCP
• Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50
• Volumes are significative compared to previous phase
• Volumes are strong
I would like to watch a breakout with strong volumes show some short sellers covering their positions.
The Company is not dead , the tide seems rising !!!
AMC Shareholders approved combining AMC shares & APE units !Even though I was one of the first to signal you about the AMC potential to become the next GME Gamestop:
Today I want to share with you my Bearish Thesis:
In my opinion, there are factors that suggest AMC Entertainment Holdings (AMC) may experience a decline in share price following the APE (Additional Paid-in Capital) conversion. The approval of combining AMC common shares and APE units by an overwhelming majority of shareholders (87% in favor) indicates a significant increase in the capacity to issue additional common shares (88% in favor).
The increased capacity to issue common shares can potentially lead to dilution of existing shareholders' ownership. As more shares are issued, the existing shares represent a smaller portion of the overall ownership in the company. This dilution, coupled with the potential influx of additional shares in the market, can put downward pressure on the share price.
Furthermore, the approved combination of AMC common shares and APE units may result in increased selling pressure as some shareholders may choose to liquidate their positions. This increased supply of shares in the market can further contribute to downward price movement.
Considering these factors, my price target of $3.80 by fall reflects a bearish sentiment for AMC's stock. It is important to note that the price may even go lower due to the potential dilution and increased selling pressure resulting from the shareholder-approved measures.
Looking forward to read your opinion about it.
GME GameStop Options Ahead of EarningsAnalyzing the options chain of GME GameStop prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $1.83.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SNDL Calls 1/24 JUICYLots of downtrend, lots of uncertainty, but this one could play out to be a major lottery winner. Earnings report recently released was a mixed bag, but it remains the book value is somewhere around $5. Trading well below that. Federal legalization could set off a powder keg but don't count on that anytime soon. My last call didn't work out too hot, but doubling down because shorters can go ahead and eat my shorts.
Don't be a fool and you shall prosperEvery day people make the wrong decision. Maybe it's adding too much chili sauce to their eggs.
Maybe it's not packing an umbrella, and the weather changes.
Perhaps it's catching the bus when a smelly person is going to sit next to you.
But today you have the opportunity to make the right decision with my helpful idea here.
Seize the opportunity. Make the right choice (not the left choice).
Pound Dollar shall crumble, just like an apple crumble. Yum.
Dow Disbelief RallyIt has been over two years since the COVID crash and despite people sharing 2008 fractal patterns, traders' expectations of a stock market crash have yet to be realized. In fact, recent chart patterns for the Dow Jones and NAS100 suggest that bottoming patterns are emerging. For further technical analysis of the NAS100, please refer to:
Notably, the Dow Jones has recently given a buy signal on stochastic momentum, though it is advisable to wait for monthly closure to confirm.
Historical analysis indicates that whenever both signal lines close above the 40 level, some sort of bull market emerges. This signal has fired off 13 times since 1995, producing an average 24% move to the upside, with an average time frame of 276 days from signal to local top. Assuming a 24% move from current levels, the DOW is expected to reach 1.618 42268.
Based on the chart evidence, it appears that the probability of a rally to the upside is higher than that of a 2008-style stock market crash, at least not within the next six months, barring any unforeseeable black swan event.
$BBIG - Vinco Ventures - Mega Broadening Wedge$BBIG: Mega broadening wedge. Vinco Ventures, owner of Lomotiv the Tiktok competitor, will submit a plan and earnings report to Nasdaq to successfully regain compliance. Then they will name a new CEO around the same time the US President will declare an end to to COVID-19 pandemic. The stock price will gap above $1.00 and push up to $5.00 to complete the pattern.
BBBY in My Top Stock Picks for 2023BBBY Bed Bath & Beyond has the potential to become the next GME GameStop or AMC Entertainment.
Heavily shorted, analysts saying that the stock May Not Make It to 2023.
Perfect for a short squeeze.
BBBY Bed Bath & Beyond is one of My Top Stock Picks for 2023!
Looking at the options chain, i would buy the $3 strike price Calls with
2023-3-17 expiration date for about
$0.70 premium.
Looking forward to read your opinion about it.
VERU Options Ahead of EarningsLooking at the VERU options chain ahead of earnings , I would buy the $10 strike price Calls with
2023-4-21 expiration date for about
$0.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Bed Bath and Beyond - Unfinished BusinessThe Marxist-Leninist Reddit public relations firm/Wumao-backed brigade told you to buy BBBY at $24 and $30 because RYAN F'IN COHEN.
They really are aggressive, cool, and totally unscrupulous.
You know, because they have your best interests in mind and want you to get rich, and quick!
Then Ryan Cohen sold his 5 million shares at an average price of $18. On Monday, BBBY will probably be back to $6-8.
Prominent people tend to get out of the pump and dump scams early so that when the calamity strikes and the House Committees and the SEC go and do their probes, they have culpable deniability.
I've heard that BBBY has hired insolvency attorneys and that suppliers aren't delivering goods to the company anymore because they have bad credit and aren't paying.
All of the above is true. It's also true that this market cycle is a pump and dump. You're holding a hand grenade without a pin if you are holding this stock.
However. Is it time to capitulate if you're still diamond handsing the top?
Forget about Ryan Cohen. Ryan Cohen is a red herring.
Consider that Citadel, arguably one of the most prolific and dominant market makers, is still holding 2.25 million shares.
I'm wholly critical of this stock and this pump and dump. However, If you're still "hodling" bags, I think there's a good chance you see a chance to get out over $30 before September is over. Maybe put in some limit orders because you don't know how many seconds you'll have to get out.
So don't follow the Communist Party on Reddit into capitulating on Monday and Tuesday when this rag is single digits again and everything is down 10% and crypto is down 20%.
And even less should you follow the 50 Cent Brigade to buy back higher if BBBY runs to $45 and $60.
And if you're not bag holding, I really encourage you to keep your risk to a minimum . Really, don't go gambling. The worst thing that can happen to you if you do is that you'll win.
If you want to trade this then consider buying when it's down and don't chase it when it goes up . And get out quickly , because when Citadel dumps their bags, this really is going below 1993 levels and will probably be delisted in the end because bankrupt.
Even the entire Universe explodes and dies one day, let alone these corporations we have today. Even Apple will be gone one day, let alone this scam that only ever existed to import crap made under the Chinese Communist Party to keep the USD blood transfusions running so the Party could continue persecuting humanity for a few more years.
But the Party's day to vanish is right on your doorstep. And then what happens?
AMC Entertainment Faces Steep Drop Below $10Without securing price action above $60 during the pending upside swing, AMC faces a very steep drop below $10, more likely to find support near $5. Considering the trending upside move and its 3 wave structure, this eliminates the possibility of AMC being in true impulsive form.
GME GameStop Options Ahead Of EarningsLooking at the GME GameStop options chain ahead of earnings , i would buy the $30 strike price Calls with
2023-1-20 expiration date for about
$3.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
MMAT Meta Materials Breakout on Strong Volume | Price Targets MMAT Meta Materials lost 95.87% of its value in the past year.
But recently the famous meme stock had a breakout to $1.29 on strong volume.
Due to market conditions on Friday, the stock went back to $0.90.
I expect a great week for Meta Materials, my first Price Target being $1.98.
$3.29 is also possible.
Looking forward to read your opinion about it!
Trend is your friend stoopsnothing has changed except for the technology has gotten better, more companies have interests and countries are now adopting it as currency. VERY STRONG buy at these levels. These levels in 2017 were orgasmic but now in 2022 everyone wants to sell off???? Thats the media, dont pay mind lets gooooo
Upstart Holdings - Reddit Is Not Your FriendI came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it.
Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the description, this stock sounds like one of the many crypto ponzis, except it trades on the NYSE instead of FTX.
This chart is complete only with monthly bars and a small note for a reason. Look at the monthly bars. It's already at an all time low. You really need to zoom out and understand the macro situation when you trade. Otherwise you're just gambling. Just trying to get rich quick.
Trading is self cultivation and you need to take it a lot more seriously, or you'll destroy yourself.
UPST isn't going to bounce. It's going to $0.
Reddit is something you should stay away from. There is a heavy Marxist-Leninist faction there. Additionally, it is not a social media site. It is a social marketing and social influencing site. You think you are looking at other users organically talking to you, but you're really looking at a botnet and a public relations firm who are bringing in dead money to buy whatever bags the advertisers are paying them for.
Anyways, some scary signs on this stock are:
Earnings are August 8
Dip to buy was granted on July 7
Reddit posts like dude with 79,000 shares and a "2.27M bet" on UPST appear
A number of other chatter appear on Reddit around the same time using reverse psychology encouraging bagholders to HODL
Chatter about shortsqueezes
Company had a good earnings in May and fell 35% because it "slashed its outlook."
Q2 earnings were pre-released also around July 7. They're not good, which generated the dip.
Week before earnings it starts to pump, which takes out short sellers
Maybe you think that it will rocketship up because it's down so much
Anyways. You should know that nobody on Reddit wants you to be financially secure, wealthy, happy, and rich.
Instead, they seek to bankrupt you, corrupt you, and have you destroy your life while you hold their bags.
For example, a few months ago, the London School of Business analyzed options trading data using OPRA codes that allowed them to pinpoint retail activity. They found retail lost $5 billion trading options during the biggest bull run in stock market history.
Much of the losses were correlated with times that memestocks were being promoted on r/WallStreetBets. The promotions started when things were already up, so you'd go buy calls on HOOD, it would dump, you'd lose all your money, they'd laugh at you and then go to the strippers.
Google "WallStreetBets and Gamestop Crowd Lost $5.27 Billion" and read the study yourself if you don't believe it.
Be careful.
Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down:
1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up.
2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart.
3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal.
I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.