5K - 10K Challenge
Updated
Hello traders, as is often done by various traders I have set myself a littl challenge to take 5K and make it into 10K.
I will document the trades here and the time frame will optimistically be one year. These days I am normally in very long investments and not really playing around with shorter timeframes but I thought it would be interesting to do this for a bit of extra brain training.
First two companies that get the 5k are Piezomotor and Veolia, Swedish and French companies respectively. I am lookin for a 20% return on each. The trades were as follows.
04/03/22 Piezomotor Uppsala 165no@33.8 Total 541.4778072 +15.09%
04/03/22 Veolia 120no@25.52 Total 3062.4 +10.50%
14/04/22 Veolia 50no@27.95 Total 1397.5 +0.75%
Total as of today is about 5,500 euro
PIEZO
Redeye analysts in Sweden, who I find very good, cover Piezomotor and their bear case price is 45 with a base case price of 95. This would indicate an upside to a fair value range of over 100% on this stock! Their reports are always a good read s3-eu-west-1.amazonaws.com/rdey-cms-prod/app/uploads/2022/02/piezomotor-220223.pdf
Going forward Piezo looks ready for another little push, they are a beaten down stock but for no particular reason and I managed to buy in at what I consider to be the very bottom.
VIE
I am intending holding Veolia til Q1 results in May, I expect them to announce the highest profits ever achieved at the company due to the integration of the takeover of Suez earlier this year. Should announce that profits will be on track to top 1 billion for 2022, I think that this should push the price back over 30 and maybe as high as 32, depending on the way the price action happens I might exit before Q1 results are out if there is a spike the week before.
Good luck to all traders, this is not financial advice, this is just to document my own trades for this challenge.
If anyone has any suggestions for stocks due a dead at bounce I'd love to hear them.
I will document the trades here and the time frame will optimistically be one year. These days I am normally in very long investments and not really playing around with shorter timeframes but I thought it would be interesting to do this for a bit of extra brain training.
First two companies that get the 5k are Piezomotor and Veolia, Swedish and French companies respectively. I am lookin for a 20% return on each. The trades were as follows.
04/03/22 Piezomotor Uppsala 165no@33.8 Total 541.4778072 +15.09%
04/03/22 Veolia 120no@25.52 Total 3062.4 +10.50%
14/04/22 Veolia 50no@27.95 Total 1397.5 +0.75%
Total as of today is about 5,500 euro
PIEZO
Redeye analysts in Sweden, who I find very good, cover Piezomotor and their bear case price is 45 with a base case price of 95. This would indicate an upside to a fair value range of over 100% on this stock! Their reports are always a good read s3-eu-west-1.amazonaws.com/rdey-cms-prod/app/uploads/2022/02/piezomotor-220223.pdf
Going forward Piezo looks ready for another little push, they are a beaten down stock but for no particular reason and I managed to buy in at what I consider to be the very bottom.
VIE
I am intending holding Veolia til Q1 results in May, I expect them to announce the highest profits ever achieved at the company due to the integration of the takeover of Suez earlier this year. Should announce that profits will be on track to top 1 billion for 2022, I think that this should push the price back over 30 and maybe as high as 32, depending on the way the price action happens I might exit before Q1 results are out if there is a spike the week before.
Good luck to all traders, this is not financial advice, this is just to document my own trades for this challenge.
If anyone has any suggestions for stocks due a dead at bounce I'd love to hear them.
Note
Piezomotors Update:Piezomotors has changed it's name to Acuvi, unsure whether ticker change is to follow, they released some numbers for first quarter today and everything looked very positive.
Organic Growth 24%
SEK 43m sales
Gross profit of SEK 14.4m
Integration of TPA motion and Piezo has worked well and both showed solid growth numbers.
Currently up approx 30% on the position, monitoring the price action, I'll prob set a stop loss at around the 20%+ mark and if stock drops again then I will take profits. At the moment I am happy to let it sit, some profit figures were affected by once off payments so might make sense to hold for another quarter
Trade closed: target reached
Decided to close out the trade in Piezo, I would say this stock has plenty of room to run over the next year but we have to stick to the plan and the plan was to buy low and wait for positive news on earnings for Q1 and then sell as high as we safely can.In my first entry I forgot to include that I had bought an additional 35 shares of piezo @ 36.2.
Sold 200 shares @ 49.5 for a average profit of 32%.
initial investment 668.7
Profit = 208 euro
We now have 880 euro for the next trade (Trade 003) , we have a safe option to put it all into Veolia or the risky option of IMUX (Immunic), we will be taking the the risky option, Imux has dropped 20% and more in the last week for no particular reason, we will watch the price action and look for an entry point, GLTA
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