MP888

MP888

Title says it all. Coinbase is the OG exchange that has led the US crypto space for well over a decade. COIN has over 9 Billion in cash that can be deployed on ANY crypto project in the US. With the Trump admin interested in creating a Strategic Bitcoin Reserve, the policy of smaller government, then the logical private sector partner/leader of this effort is...

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DLTR has had a rough 2024 having fallen from highs of 150ish to the low 60s. The company is still profitable and has a plan to deal with any increased Tariffs coming their way (one of the most pressing concerns). On the last earnings call they raised guidance after beating analyst estimates for the quarter. DLTR price is probably being held down by tax loss...

MP888

With a 52 week low of $1.62 to a high of $16.07 SOUN was a rocket ship. But just as it was fun to take a flyer on this company and throw caution to the wind, we closed our long position a couple days ago. Now that the top is in its time for a quick short position as SOUN has gotten a bit ahead of itself. Target is 9-10 range in the next 2-3 weeks as we are rolling...

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Not sure I was taking a cue from ChatGPT and was hallucinating when I heard at investor day that LMND is targeting end of 2027 OR IN IRL ALMOST 3 YEARS FROM NOW to be cash flow positive....and yet the stock doubles. Yes Toto we're not in Kansas anymore....but in a weird wacky world where some diminutive being is pulling levers and making this stock go...

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Part of the fun of investing is accepting a bit of risk for outsized rewards. NASDAQ:SOUN fits the bill. Through 2 acquisitions in the the last couple of months they are predicting annual revenues north of $150 million. While not profitable they are in the hot space of AI software and have a plethora of customers across a number of industries. By rolling up...

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LMND used to be the belle of the ball back during the pandemic days. Now its just struggling to gain some momentum. Over the past 2 weeks leading up to earnings on July 30th, LMND has had a nice run. Unfortunately gravity will pull this stock back to earth very shortly UNLESS earnings are so stellar that it finally breaks out of the horizontal channel that has...

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NASDAQ:AMD seems to be oversold and ready for turnaround. Catalyst will be solid earnings as this $228 Billion market cap ugly step sister to NVDA will surprise. Gap should be filled on way up. GLA

MP888 Updated 

Lets make this hypothesis on where NASDAQ:TSLA is going very very simple. Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price of NASDAQ:TSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad...

MP888

Take a look at the last 10 earnings announcements for TSLA. Highlighted in yellow. Couple of takeaways: +++ 9 out of 10 times during the 8 or 13 days prior to earnings the stock traded in the lower half of the Bollinger bands. The exception was the July 2023 earnings announcement. +++ That same July 2023 earnings event saw a meteoric rise in share price prior...

MP888

Check the history files. No stock continues at this pace upward without a pullback. The question for traders is when will that pull back occur? We had a expected CPI print. There will be anticipation for Robotaxis. The bottom line is we dont know what will be announced Aug 8th and we dont know what kind of revenues will materialize. Between now and Aug 8th we...

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NYSE:SHAK has had a good run and is a solid performer. That said NYSE:SHAK might have gotten ahead of itself a bit. Upside has be tested at 111 twice and rejected. Management has sold some shares for tax purposes but that's not too big a deal. I could wait for the 3rd rejection or start easing into a short position which is my preference at the moment. Will...

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After tripling in a few short months, riding the wave of strong earnings, its time for NYSE:SG to return to earth. Looking at the chart you'll see a gap that needs to be filled. Valuation is a concern here and on that simple basis it should fall to lower portion of gap. Opening short position here similar to short in $SHAK. Will add to position as momentum to...

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Like NYSE:CRM , successful customers of ServiceNow become locked into the NYSE:NOW ecosystem and as they add functionality to their platform they gain an ever larger share of the IT department OPEX budget. Numbers wise, NYSE:NOW continues to steamroll forward with Forbes reporting: Q1 2024 revenue: $2.6 billion — up 24% and $10 million above consensus as...