GOOS. Long. I saw that Michael Burry bought this stock. I am looking for lower first and then targeting $15. Will only enter if we get to the $8 range. Too much risk buying at these levels.
GOOS trade ideas
11/12/24 - $goos - Probs a buy but i need <$811/12/24 :: VROCKSTAR :: NYSE:GOOS
Probs a buy but i need <$8
- love the product
- discretionary and let's be real here... luxury (these things r not cheap)... is getting crushed. NYSE:ELF > NYSE:EL couldn't be more stark.
- capital stack has debt ugh. 500 mm on 1 bn cap. basically that shouldn't matter but a. rates high and w/ uncertainty if go higher are a -ve factor for stonk period and b. multiple is much higher vs. surface glance.
- so instead of say a $9 stock price we have $14. (50% more per the debt in capital stack... 1.5 bn EV / 1.0 bn m cap = $9 stonk * 1.5 = $14). point is EPS of 70c next year puts this at nearly a 20x PE. and here i am struggling to justify buying more NYSE:YETI (i don't it's about a 2.5% position for me rn), at 15x PE! and i don't have the growth overhangs, it's got a product portfolio that spans the price ladder a bit better, a bit more discretionary vs. luxury (in the case of NYSE:GOOS ).
- the point being... this is an excellent brand if someone wants to scoop it into their portfolio at maybe $2 bn (pay the premium to take it out!). they generate probably $150 to $200 mm in FCF in any other environment and ez-pz. but it's just too rough to sit in stonks and *hope* nevermind *hope someone buys your bag*. that's stupid thinking and you won't make good $ and you'll tie up capital and become frustrated each day it doesn't happen even though thinking it will happen today/ tmr/ next week... is stupid thinking.
- SO. what do we do with this thing? heading into tax loss sell off season and where risk markets are ripping and this thing is on it's back? we wait. if risk sells off this gets dumped first. if/when risk comes back, this probably gets bought last.
- unless something changes, if it just starts to work from here... cool. i missed it. i miss a lot of things. but my risk parameters have me buying this minimally $8 and probably getting more active in the $7s. tgt set at $8 to take another look if/when. perhaps there will be a place i'd just prefer to buy more NYSE:YETI anyway. let's see.
thoughts?
V
GOOS Canada Goose Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GOOS Canada Goose Holdings prior to the earnings report this week,
I would consider purchasing the 12usd strike price at the money Calls with
an expiration date of 2024-2-2,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Watchlist 2023-05-23 $ZIM $MU $TSM $SOUN $GOOS $NATAMEX:SPY opening lower today, teetering on the key 417.50 support that was originally a key resistance level of the wedge pattern. 417.50 has been tested multiple times over the prior two days, if we swipe underneath today and hold, that will be a key indicator of today's potential bearing action. Keep in mind this could all be invalidated if debt ceiling talks come up successful., as they have been restricting gains in equity markets for weeks now.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:ZIM - Day 2 continuation short. Wide range day PD down 16%. Good signs of continuation are finishing at the lows, gapping below the 16.30 range, gapping lower in the PM, while also setting up a clear level at 14.50 to risk off of. IPO support is 11.50, nothing In between.
Chips: potentially setting up a nice area to start thinking about buying after a nice pullback across the board.
NYSE:TSM - long over 92.40
NASDAQ:MU - long over 67.00
NYSE:GOOS - still has not closed higher after an awful selloff after earnings 3 days prior. Yet, if goos can start making higher highs and higher lows intraday, a strong uptrend could start some major buying. Looking for the first 5 min close over 17.30 to start looking for longs.
Support 16.70
Resistance 17.30
Inflection 17.00
NASDAQ:SOUN - getting interesting over the 3.25 cup and handle resistance level, especially as AI continues to be strong. Looking for dip buys near the 3.00 key support also the 200 EMA level.
NYSE:NAT - Nordic American Tankers (NAT) Tops Q1 Earnings and Revenue Estimates. Day two continuation over 4.10. RVOL in M is 2.5 and it's trading over the key range of 3.90.
Comment what you are watching!
$GOOS - Side way channel playThe price recently bounced from the lower trend line around $34. The price could head towards the upper trend line area of around $44.80.
$38 and $42 will be a resistance area to watch. I
Target 1 - $38
Target 2 - $42
target 3 - $44
Risk - breaking down below $34 will be bad and could result in the price reaching around $28.
Bulls should be prepared to take a lost if the price breaks below $34.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
GOOS FLYGOOS recent price movement tells us buyers are in control as we are hammering into the $40 resistance level with ascending triangle pattern, MACD seems to be relatively silent for a while and RSI in positive range; earnings tomorrow and let's see the market's reaction.
If GOOS breakout from $40 with solid volume, I consider going long according to the chart.
Not investment advice, for personal use only
NEW POSITION $GOOS Target 49.87 for 31.24% $GOOS Target 49.87 for 31.24%
Or double position at 26.13
I did add one extra buy level here because it's such a big range...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
goos to 55Hello
I am a beginning trader about two years now ,this is not financial advice(lol) goose went all the to 55 after last earnings report and now we are back at the ma 50 and holding as support, in my opinion the 42 spot we entered is the 61 percent if 40 hold we go all the way to possible 55
