4/25/24 - $nrds find a way to get out - vrockstar4/25/24 - vrockstar - idk get this - liked/ traded it sub $10 to the long side... but good gawd the rip from last Q made zero sense to me. look at 4q vs. 4q gross profit gen vs. opex spent. going the wrong way. net cash fine, "gen's cash" but it's a lot of non-cash stock comp (and my rule is i only pay for this as cash if the stock is sustainably going higher). don't dislike the brand/ leadership, but this is too expensive for funds to own into this type. hate shorting but this w/b something to unload ahead of results if you own it in the green, and/or if we actually get some sort of beat that's not big but there's some short covering that drives it 5-10% higher - get out. i'll be shorting this on the open if that happens. that's my play (unless it's a "beat" in which case i return to review into the following print). don't need to play them all.
NRDS trade ideas
NRDS Trading Near Strong $17.66 Resistance LevelNRDS had a very impressive rally from the buy zone up to the red resistance line. There has been a lot of shady price action along the way, and I think NRDS is an extremely manipulated stock with insider trading. Some of the older members will remember the price suddenly dropping from $9 to $7 and rebounding to $10 within minutes. I think NRDS will continue to have tricky price action because of this insider trade activity. However, NRDS still managed to have a nice rally up to the long-term price target. NRDS is trying to flip $16.09 into resistance here, and the key target is the red trendline, which slopes downward so the price will decrease over time. The red trendline currently gives a price target around $17.66.
NERD wallet "one to watch"So 11.60 is a res area but nerd has formed a nice flag i belive it will break to the white line and beyond that is more upside if it returns to its march highs 90%
2 resistance areas both not very heavy 13.80 and 16.60
the current 11.60 is more significant than the next 2 @
$NRDS is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $29,84;
stop-loss — $21,24;
take-profit — $55,64/MOC price.
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.
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