OCGN pumps on dismissal of investor lawsuit LONGOCGN has been a great swing trade after buying bad news. The good news has replaced the
bad. Earnings are in three days. Price well below ATH. November earnings were a beat
meaning this risky Med Tech penny stock had a lower cash burn than projected. Now
legal costs will disappear. Going long with a decent position expecting a better earnings.
In law, the Latin phrase res ipsa loquitur is sometimes used. Here it aptly applies to
Ocugen.
Z-VALUE
DWAC shareholders & Trump approve merger then fake news LONGDWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff
writer has an article:
Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great.
The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.
My review of the chart is that DWAC underwent normal volatility going into a merger vote
without complications. The volatility is healthy and traders/investors are contesting fair
value. Share price is the same as it was two weeks ago. Astute traders may consider this a
discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares
benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He
cannot sell shares to fund legal proceedings and their costs for six months. The writer
who I have not named, in my opinion only, does not know jack____. He is simply trying
to put up a headline gets some reading volume and capitalize on it. He should get
one of the stock analysts that consult on his network to give him an education and then
publish a retraction. The headline might be " This clueless writer but out fake news and
is now better informed. He apologizes to the subjects of that fake news"
Enough said.
RIOT retraced and could reverse but BTC is falling SHORTOn the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the
standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP.
On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction
being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will
watch RIOT after the open on Monday fully expecting it will fall into the lower VWAP bands but
there could be a surprise if BTCUSD reverses over the weekend.
ETHUSD - Fed Fights Crypto Ethereum Rallies LONGETHUSD on the 60 minute chart has had high volatility in March along with other
cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it
as a "security" and subject to the SEC and all that it does. In early March, ETHUSD
trended up getting resistance from the second upper VWAP band in purple and support
from the underlying bandline. A deep ten day pullback into the support of the second
lower band line in thick purple then ensued. Price is now in the process of rising
to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line.
The predictive algorithm of Lux Algo founded on analysis and look back of the regression
line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
IND penny IT with the earnings beat no more cash drain LONGIntellicheck validates identities for financial services, fintech companies, BNPL providers, e-commerce, retail commerce businesses, and law enforcement and government agencies across North America. Intellicheck can be used through a mobile device, a browser, or a retail point-of-sale scanner.
Volume, Volatility and Price Breakout on the 60-minute chart. Relative Volume was beyond 10X
The predictive algo has a continuation for Monday with a momentum fade over 4.25 topping at
4.5
I will take an intraday trade here potentially buying in the premarket. The target is the high
pivot forecasted by the algo about 30& upside. I will set a 7.5% stop loss and risk 0.01% of
capital in the trading account. I will take off 25% upon reaching 4.0 another 50% at 4.50 and
the remaining 25% with a 5% trailing stop loss to ride the momentum fade.
This is probably not shortable. The April monthly options pumped 6x to 30x on the earnings
report. They will have continuation on Monday 3/26 after that the put options will be in play.
The small call options chain is embedded in the chart. Earnings come again in May.
I will reenter this trade until after the current pop and drop is completed.
Then in late April to look I will reenter looking for a repeat of the present price action.
Coinbase Stock: Potential Surge to $230 vs. Dip to 90$ ?The Dynamic Trajectory of Coinbase Stock: Navigating Towards $230 with a Gaze on ETF Influence
As the cryptocurrency market continues to mature, the intersection of traditional financial instruments like ETFs (Exchange-Traded Funds) and digital assets is becoming increasingly significant. In this evolving landscape, Coinbase, a beacon for the crypto economy, finds its stock at a pivotal juncture. With the stock currently priced at $118.49, there's speculative anticipation that it could ascend to $230, aligning with the 1.272 Fibonacci retracement level—a notable technical indicator used by traders to gauge potential reversal points in stock prices.
The Climb to $230: A Confluence of Catalysts
The potential surge to $230 is not unfounded but hinges on a confluence of positive market dynamics and strategic corporate milestones. A key factor could be the anticipated influx of new ETFs in 2024, tailored to cater to the crypto market. These ETFs are expected to not only broaden the investor base by offering a regulated pathway into cryptocurrency investments but also to inject significant liquidity into the market. For Coinbase, a platform at the forefront of offering access to digital currencies, the proliferation of crypto-related ETFs could translate into increased trading volumes and, consequently, higher revenue streams.
Moreover, the broader acceptance and integration of cryptocurrencies into the financial ecosystem, spurred by the launch of these ETFs, could lead to heightened demand for Coinbase's services. As institutional and retail interest in crypto assets intensifies, Coinbase's pivotal role in the ecosystem positions it to potentially capitalize on this growth trajectory.
The $90 Contingency: Navigating Potential Headwinds
However, the path to $230 is fraught with uncertainties inherent to the volatile nature of the crypto market. Should Coinbase fail to leverage the expanding ETF landscape or if broader market conditions turn bearish, the stock could witness a retraction towards the $90 range. This potential downturn could be exacerbated by regulatory hurdles, competitive pressures, or shifts in investor sentiment, underscoring the importance of strategic agility and market adaptation for Coinbase.
2024: A Pivotal Year for ETFs and Coinbase
The year 2024 stands out as a watershed moment for the crypto market, with the expected launch of numerous crypto-focused ETFs. This development is poised to bridge the gap between traditional finance and the burgeoning world of digital assets, offering a new vista of growth opportunities for platforms like Coinbase. As these ETFs come to fruition, they could significantly impact Coinbase's market position, either by propelling the stock towards the $230 mark, reflective of robust growth and investor confidence, or by testing its resilience in the face of market adversities.
Conclusion
The trajectory of Coinbase's stock in the context of an evolving crypto ETF landscape encapsulates the dualities of opportunity and challenge. While the potential ascent to $230 symbolizes a milestone of growth and mainstream acceptance, the risk of a decline to $90 serves as a reminder of the volatile and unpredictable nature of the crypto market. For investors and market watchers alike, the unfolding dynamics of crypto ETFs in 2024 will be a critical factor to monitor, offering insights into not only the future of Coinbase but also the broader digital asset ecosystem.
Understanding the Dynamics of Crypto Investments: A Disclaimer
It's important to recognize that the realm of cryptocurrency investments is marked by its volatility and complexity. As we explore potential scenarios for assets like Coinbase stock or the broader impacts of new crypto-focused ETFs, it's crucial to underscore that these discussions are purely speculative and serve to inform and entertain rather than advise.
Cryptocurrency markets are highly unpredictable, influenced by a myriad of factors ranging from regulatory changes and market sentiment to technological advancements and global economic conditions. While the potential for significant returns exists, so does the risk of substantial losses. As such, any investment in cryptocurrency or related financial instruments should be approached with caution and due diligence.
Disclaimer: Not Financial Advice
This content is provided for informational purposes only and should not be construed as financial advice, endorsement, or recommendation of any specific investment strategy or financial product. The scenarios and outcomes discussed are hypothetical and based on assumptions that may not materialize. Investing in cryptocurrencies and other financial markets carries risks, and decisions should be made based on your own analysis, risk tolerance, and financial situation. It is highly recommended to consult with a qualified financial advisor before making any investment decisions.
The future of the cryptocurrency market and assets like Coinbase stock remains uncertain, and while opportunities for growth are evident, they come with their own set of risks and challenges. Navigating these waters requires a well-informed strategy, a clear understanding of your investment goals, and a readiness to adapt to changing market conditions.
Remember, the key to successful investing is not just in predicting market movements but also in planning for various outcomes, understanding the risks involved, and managing your investment portfolio with a balanced and informed approach.
JPM a financial rockstar in stampede mode LONGJPM on the daily chart has plain and obvious consistent momentum albeit with corrections.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead of
the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24
expiration which is not a surprise and is the month of the presidential nominating conventions.
That is 10% above current price and suggests the options buyers are expecting price to be
in that money by July meaning maybe a target for price is 225-250. No matter, I am getting
mine now before the prices rise.
PHAT Phantom Pharma to moonshot from upgrade LONGPHAT is now targeting 25-34 according to analysts. I am not surprised. It has a pipeline and
is pending approval for a medication product to treat a stomach bacteria that causes chronic
infection and symptoms are often refractory to long and elaborate treatment protocols. The
product is already in Asia and doing well in YoY reports. PHAT has partnered with another
pharma company to make regulatory and marketing inroads in the European market. My
portfolio is already heavy with medtech and pharma but this one is far to promising
with the great upside it presents. I will hit this one hard trying to get the low of day in
pieces and build a position.
$IGPK 70 Mil App Users / $7 Bil Rev Merger Possibly IncomingOTC:IGPK Has been on the hearts and minds of many OTC traders recently as it was apparently discovered to be doing a 1/1,000 R/S. I say apparently as it hasn't been confirmed yet by the company and many have raised suspicions on the "added" documents to the file that can be purchased from the Nevada SOS.
Apparently according to sources, 3 new pages that included the R/S verbiage was added to the NV file recently and anybody can add pages to the document so long as they identify as an officer of the company. I don't know how true that is, but it would make sense. Seeing that there are several dedicated bashers who have been trying their hardest for months to drop the stock, it wouldn't come as a surprise to me in this OTC sewer we take part in if one of them did just that.
Either way, if the R/S is in fact true it would take months for FINRA to approve and finalize it, so the "As soon as possible" verbiage won't be for several weeks at the absolute soonest, so there is plenty of time for this to break ATH into any major announcements that are coming up.
Also don't forget, if this was some ploy to drop the price, the company can remove the R/S off at any time, shooting the stock right back up past previous levels.
Speaking of which, on March 28th the company does have a meeting to announce the listing, which should see the stock start making major moves over the next few business days, as the solid DD connecting OTC:IGPK to a possible $7 Bil 70 Mil user App has been making the circles for weeks.
GL to all and happy trading! Here's to the next few weeks :-)
VEGAUSDT - SPOT - BUY1. Overview
- Vega Protocol has been invested by lots of famous ventures: Pantera, Hashed, Coinbase Ventures,... The ICO price was so high if we compare with current cheap price.
- More information: icodrops.com
2. Technical analysis
- Accummulative time during two years. It is coming to the end soon.
- Three bottoms.
- Exchange: Kucoin.
3. Plan
Entry: ~1$
TP: 3$ at least
SL: buy and hodl.
GAS primed for extreme run upA few months ago GAS made a run due to the new NEO sidechain announcement, NEO X. A Neo EVM chain with MEV resistance where GAS will be the currency. Consolidation now seems almost completed and a new run up could start these days when 7,756 is broken.
This in combination with NEO EVM chain news and altseason makes me think GAS could go even higher than previous high after that in the next few months.
Zalando could go up with low risk tradeThis isn't any advice, this is just how I see situation.
Zalando can break downtrend and go up to 30 per share. So watch it and when price break trendline there is possibility to trade with low stop loss and high reward
Moreover Zalando just releases news that they will buy a lot of it's own shares from the market. Good news then :)
Pattern in process with X Revenue Price and date range with 31 bars. Trend will follow the guidance of the white wave like it did before.
Short Long Short Long signals
G support wave using simple ATR
Keeping alert on date range with 31 bars while at the same time eyeballing the volume. As custom volume increases by the little, BTC increases.
MGLGETTEX:NSE : MGL Is a good fundamental stock. and latest Q. profit check out all-time-high
> According to my analysis company has good future growth and also there are multiple sigh
> On the chart pattern we can see there are multi-year breakouts and now testing all-time high
levels of re-test
* value buying stock on re-test levels *
VANRY aka TVK aka new ai layer one aka next 100xVANRY aka TVK is a name you might have heard of. Vanry has a limited 2.4 billion supply, largest whale holds 400 million leaving 2 billion to the masses and the mc is currently holding steady at $300m poised for a gigantic leap. The last play like this was performed by Chainlink. When Chainlink went on it's run from the .20's range it topped at out at nearly $20. It then found support around $7, went on a run up to $53 and is currently sitting at $20. Check out what they're doing over at Vanry. It's one of the most visually impressive web3 projects that I've seen yet. You can currently find this on Coinbase under TVK.
vanarchain.com
*disclaimer: it could also go to zero. This is for entertainment purposes only. Enjoy the ride.
Great opportunity to buy some more BTC - My take on the FED It is possible that BTC will go to 20 000 and maybe even below that, but chasing the bottom is not the smartest idea.
This is the opportunity that we've been waiting for. Everyone wanted to buy BTC if only it was a little cheaper. Well, now it is, but everyone is scared :)
The wise words of Peter Lynch are that NOBODY can predict the bottom, and nobody can predict anything within a year or two. What we can see is that Bitcoin demonstrated more than 2x higher demand than this.
Even though the Crypto market wasn't positively affected by inflation, you have to remember that in macroeconomics some trends require even years to settle even though the signs were obvious.
Everyone with some common sense could tell that inflation was going to be massive if we just looked at the money supply increase of 2020 and 2021, let alone 2022.
But what everyone forgot is that, according to Milton Friedman, real-world effects of inflation go in phases. In the first 6 months, there is some "positive" effect on the economy, due to the massive inflow of currency in the system.
Also, keep in mind that inflation is felt IMMEDIATELY in the stocks and bonds. The very second money printing starts.
But 18 months after that, the effects of inflation are first felt. Keep in mind that this statistic puts just the start of 2020 inflation at the beggining of 2022. So the inflation will keep at this pace for at least the next 2 years with yearly
inflation of 15-30%.
The fact that federal reserve is increasing interest rate will NOT get the inflation under control. Restraining inflation that way never worked long term. It can only create short term FUD and selling.
What happens with the money that people withdraw from their overinflated accounts after 2 years of 20+% gains on S&P500? They start to spend it, because inflation is not under control. What happens then? Inflation becomes even worse.
It takes some money fot the money to come back, usually a couple months to a year. The money in the system will just switch places from fictional (stocks, index and funds) into real life (food, housing, services).
90% of the money that FED has been "printing" for the past 2 years didn't even enter the real life. It was fictional. It was conserved in the markets. Real life effects therefore weren't noticable until recently, when people started cashing in.
Interest rates on bonds will NOT be enough for any average investor. Bonds are only used as a small percentage of portfolios for hedging some risks in the markets.
This text is also the reason why the FED should NEVER interfere with monetary policy, and shouldn't exist at all. All of these money printing and recession cycles are exploiting the human need to gamble. They will crash the system at random
intervals. They will overinflate it when nobody expects it. You will enter the trades even after it's been going up for too long. You probably got burned 5 times before that by trying to short it because it was rational. You can be 100% correct
and still lose money.
And you will lose money both ways.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
Cheap compounder unduly punished after dividend cutHot take: there's alpha in buying dividend cuts
Here's a contrarian belief I hold: dividend cuts are almost always good, because they extend the life and increase the terminal value of the company.
However, the market almost always punishes companies that cut dividends. There are two reasons for that:
1) A lot of investors don't read financial reports and don't know the financial situation of the company until the dividend cut acts as an information signal.
2) Income/dividend investing tends to be very rules-based, with the main rule being that you should only own "dividend aristocrats" that have steadily increased dividends without a cut.
Thus, there tends to be more sellers than buyers for a while after a dividend cut, because the income investors jump ship faster than the value investors catch on. A dividend cut can therefore present a good buying opportunity for value investors who can time it right.
And there's another factor to consider, too, which is that not every dividend cut is a sign of financial distress. There are two kinds of companies that cut dividends: those that couldn't sustain the payout, and those that see a market opportunity and want to pivot to growth. Uninformed investors often punish both types of dividend cuts identically, even though the meaning of the information signal is quite different in the two cases.
Medifast: an unduly punished compounder
And that brings me to the case of Medifast, a small-cap nutrition and weight-loss company that discontinued its $6.60/share dividend last month. Was this because of financial distress? Actually, no. Medifast had $11.01/share of earnings and $15.57/share of free cash flow over the last 12 months, so it easily could have sustained the dividend. Medifast's explanation for the cut is that it wants to free up capital to pursue a growth strategy. With the recent popularity of GLP-1 weight loss drugs like Ozempic, Medifast wants to add GLP-1s as a core part of its health coaching business and quickly scale the business out. The dividend cut is a sign of distress only in the sense that Medifast earnings and revenue have declined since mid 2022, and the company is moving to arrest that slump and return its trajectory to growth.
How cheap it it really?
Let's look at Medifast's multiples. According to its last financial report, Medifast has zero debt and just $17 million in lease obligations. With a $578 million market cap and $113 million in cash and cash equivalents, that puts Medifast's enterprise value at $482 million.
Over the last twelve months, Medifast generated about $1.2 billion in sales, $119 million in earnings, and $170 million in free cash flow, which gives it the following multiples:
EV/earnings: 4.1
EV/sales: 0.4
EV/FCF: 2.8
That's a 35% trailing twelve months free cash flow yield.
Now, Medifast is definitely more expensive on a price-to-book basis, about 3.0 P/B. But that's not necessarily a bad thing, as it indicates that Medifast is a capital-light business with a high return on invested capital. If it can get anywhere near the same return on its savings from the dividend cut, then there's a lot of growth potential here.
We do have to be a little cautious about the TTM multiples, because Medifast may have been over-earning during this period. But if we use linear-modeled rather than real numbers, the results aren't dramatically different. The EV/earnings and EV/sales multiples change only negligibly, though EV/FCF rises to 4.0 (free cash flow yield of 25%).
To be sure, analysts' forward estimates paint a more subdued picture, with a forward EV/earnings multiple of about 8.9 and forward EV/sales of about 0.6. But those are still good multiples, and it's important to note that Medifast has a long history of crushing analyst estimates. In the last fours quarters, it beat earnings forecasts by 99%, 92%, 53%, and 67%, with revenue beats ranging from about 1% to 10%. So the analysts may be underrating Medifast's prospects here, and I am looking for earnings at least 40% better than forecast.
Even if they fail to monetize GLP-1s, they can buy back stock
Even if I'm wrong, 8.9 and 0.6 are still really good multiples, making this an attractive value stock. And Medifast's dividend cut should free up capital not only for its growth strategy, but also for opportunistic buybacks while the stock is cheap.
Medifast is my largest single name, at about 5% of my portfolio. There is support at the March 2018 low of $50.11 and the March 2020 low of $41.53. I'm looking for a double, to about $107.
Gold Shines Brighter as Fed Eases and Recession Fears Loom LargeAs the Federal Reserve continues its aggressive monetary policy tightening measures and economic uncertainty mounts, investors are increasingly turning to gold as a safe haven asset. Gold's enduring appeal as a store of value and its ability to hedge against inflation/deflation and economic downturns make it a compelling investment option in today's volatile market conditions.
The Fed's ongoing quantitative tightening measures have caused treasury yields to skyrocket thus they have to print more money to pay for higher yields. Gold, on the other hand, shall be the main beneficiary of higher yields, making it a valuable hedge against the printer.
Furthermore, as fears of a recession deepen, investors are seeking assets that can provide stability and protection. Gold's historical resilience in times of economic hardship has made it a go-to investment for risk-averse investors.
In conclusion, gold's combination of scarcity, durability, and its ability to retain value over time makes it a powerful asset in a world of economic uncertainty. As the Fed's monetary policy tightening and recession fears continue to weigh on markets, gold is likely to remain a popular investment choice for those seeking a safe haven amidst the turbulence.
Please note that these are my personal opinions and they could be wrong.
A short setup for MATICUSDT (weekly TF)A clean confluence of fibonacci, VAL, horizontals on the price of 1.1930. The level can also be associated with a liquidity grab.
It is indeniable that this level is strong as Dwayne "The Rock" Johnson. High probability that this level presents a good short setup as invalidation is clear and downside is big.
Invalidation is if price come barging through the level with high amount of volume.