GNUS breaks 4 year bearish trend with violent move on volume!
Updated
This will be a long one so bare with me.
Outstanding move by GNUS today and what an incredible bounce back from back to back direct offerings.
Broke 4 year bearish channel and now up 79.85% on the day and another 12.98% in after hours.
This stock has been on my watch list ever since they released a couple of PR's that seriously got my attention but I
steered clear due to 2 direct offerings.
Today Genius Brand's Emmy award winning CEO Andy Heyward released a shareholders letter.
After reading the letter I decided to take a long position in GNUS this morning.
Lets answer the question probably on your mind "was the move justified?"
The answer is yes the move was justified and I will explain why.
Summary of PR's from May 5th and May 6th respectively : (source - Genius Brand's press release)
"Genius Brands International to Launch “Kartoon Channel” Digital Network Across Amazon Prime, Apple TV, Comcast, Cox, SelectTV, DISH, Sling TV, Tubi, Xumo and More"
"Genius Brands International’s Rainbow Rangers Toys from Mattel to Debut at Walmart Stores in August"
They announced that on June 15th they will release a free to watch ad supported Kartoon Channel on those platforms listed above. They also announced that their toys from their hit tv show "Rainbow Rangers" on NICK JR will debut at Walmart. These toys will be made and manufactured by Mattel.
1. I found multiple other things that caught my eye which I will go over.
Along with "Rainbow Rangers they also have a show called llama llama on NETFLIX which the lead character is voiced by Jennifer Garner, both of these shows have been renewed for a second season.
2.Mr. Heyward co- authored a book with Warren Buffet called
"Secret Millionaires Club, Warren Buffett's 26 Secrets to Success in the Bus"
They also have recently recorded Mr.Buffet for some psa's and a show called the "Secret millionares club"
that is aired on their network and meant to help teach kids financial responsibility .
3.In august 2021 they have a show that will debut on
AMAZON PRIME in the US and ALIBABA in China called "Superhero Kindergarten".
This show was dubbed by "indie wire" "Stan Lee's final project"
Arnold Schwarzenegger will both star as the lead character and will serve as Co-Executive producer.
Fabian Nicieza will be scripting the series.
CEO Andy Heyward Bio summary (Source - Genius Brand's website):
Emmy Award-winning Andy Heyward has made more episodes of kid’s television than any other producer. During his five years with Hanna-Barbera, he was involved in the development and writing of numerous series including Scooby Doo, Flintstones, Jetsons, Smurfs, Yogi Bear and Scooby’s All Star Laff-A-Lympics. In 1982, he co-created Inspector Gadget and during the following years he has produced over 5,000 episodes of award-winning children’s programs, most of which shows and brands are household names, including Inspector Gadget, The Real Ghostbusters, Alvin and the Chipmunks, G.I. Joe, Hello Kitty, Sonic the Hedgehog, Super Mario Bros, Sabrina the Teenage Witch, Strawberry Shortcake, Care Bears, Captain Planet, Teddy Ruxpin, Sailor Moon, Madeline, Where on Earth is Carmen Sandiego, Liberty's Kids, and dozens more. In 1994, he convened the National PTA, National Education Association, UCLA and producers from throughout the industry to draft the first voluntary set of program guidelines for children’s television. In 1996, he hosted the first meeting between then FCC Chairman Reed Hundt and children’s television producers.
Considering all of what I have listed above, I believe this is a unique opportunity and I have decided to invest in Genius Brands and have marked my price targets for the year in red on the chart.
Disclaimer:
Please understand that this is a highly volatile penny stock with bad financials currently and has been in a bearish trend for the past 4 years. This is highly speculative and risky play because a lot of things have to go right for this to work out.
THIS IS NOT A RECOMMENDATION TO INVEST IN THIS STOCK.
THIS IS NOT FINANCIAL ADVICE.
Outstanding move by GNUS today and what an incredible bounce back from back to back direct offerings.
Broke 4 year bearish channel and now up 79.85% on the day and another 12.98% in after hours.
This stock has been on my watch list ever since they released a couple of PR's that seriously got my attention but I
steered clear due to 2 direct offerings.
Today Genius Brand's Emmy award winning CEO Andy Heyward released a shareholders letter.
After reading the letter I decided to take a long position in GNUS this morning.
Lets answer the question probably on your mind "was the move justified?"
The answer is yes the move was justified and I will explain why.
Summary of PR's from May 5th and May 6th respectively : (source - Genius Brand's press release)
"Genius Brands International to Launch “Kartoon Channel” Digital Network Across Amazon Prime, Apple TV, Comcast, Cox, SelectTV, DISH, Sling TV, Tubi, Xumo and More"
"Genius Brands International’s Rainbow Rangers Toys from Mattel to Debut at Walmart Stores in August"
They announced that on June 15th they will release a free to watch ad supported Kartoon Channel on those platforms listed above. They also announced that their toys from their hit tv show "Rainbow Rangers" on NICK JR will debut at Walmart. These toys will be made and manufactured by Mattel.
1. I found multiple other things that caught my eye which I will go over.
Along with "Rainbow Rangers they also have a show called llama llama on NETFLIX which the lead character is voiced by Jennifer Garner, both of these shows have been renewed for a second season.
2.Mr. Heyward co- authored a book with Warren Buffet called
"Secret Millionaires Club, Warren Buffett's 26 Secrets to Success in the Bus"
They also have recently recorded Mr.Buffet for some psa's and a show called the "Secret millionares club"
that is aired on their network and meant to help teach kids financial responsibility .
3.In august 2021 they have a show that will debut on
AMAZON PRIME in the US and ALIBABA in China called "Superhero Kindergarten".
This show was dubbed by "indie wire" "Stan Lee's final project"
Arnold Schwarzenegger will both star as the lead character and will serve as Co-Executive producer.
Fabian Nicieza will be scripting the series.
CEO Andy Heyward Bio summary (Source - Genius Brand's website):
Emmy Award-winning Andy Heyward has made more episodes of kid’s television than any other producer. During his five years with Hanna-Barbera, he was involved in the development and writing of numerous series including Scooby Doo, Flintstones, Jetsons, Smurfs, Yogi Bear and Scooby’s All Star Laff-A-Lympics. In 1982, he co-created Inspector Gadget and during the following years he has produced over 5,000 episodes of award-winning children’s programs, most of which shows and brands are household names, including Inspector Gadget, The Real Ghostbusters, Alvin and the Chipmunks, G.I. Joe, Hello Kitty, Sonic the Hedgehog, Super Mario Bros, Sabrina the Teenage Witch, Strawberry Shortcake, Care Bears, Captain Planet, Teddy Ruxpin, Sailor Moon, Madeline, Where on Earth is Carmen Sandiego, Liberty's Kids, and dozens more. In 1994, he convened the National PTA, National Education Association, UCLA and producers from throughout the industry to draft the first voluntary set of program guidelines for children’s television. In 1996, he hosted the first meeting between then FCC Chairman Reed Hundt and children’s television producers.
Considering all of what I have listed above, I believe this is a unique opportunity and I have decided to invest in Genius Brands and have marked my price targets for the year in red on the chart.
Disclaimer:
Please understand that this is a highly volatile penny stock with bad financials currently and has been in a bearish trend for the past 4 years. This is highly speculative and risky play because a lot of things have to go right for this to work out.
THIS IS NOT A RECOMMENDATION TO INVEST IN THIS STOCK.
THIS IS NOT FINANCIAL ADVICE.
Note
Target 1 hit, Target 2 is $5Note
.25 cents short of PT 2 but banked profits regardless because I anticipated a pullback. Next PT is $7.Trade closed: target reached
All price targets hit sooner than I expected. On watch for continuation. Has room to $15 possibly. Don't get caught slippin chasing tho.
Disclaimer
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