0A99 trade ideas
$MGNI | A Fundamental & Technical Long$MGNI is finally getting the recognition it deserves as the SSP in programmatic advertising. On a fundamental basis this stock trades at <10x sales, a massive discount to $TTD trading at ~40x 2021 sales. On a technical basis $MGNI is just now breaking out of a multi-year downtrend/bottoming. The potential for $MGNI to make another 100% move to $40-$50 is, in my view, very much in the cards. I am heavily long $MGNI (and $ROKU from my previous posts) and am looking for $MGNI to exceed $100/share by 2022.
I own shares and June $20 & $22.50 calls on $MGNI
$MGNI$MGNI
Testing out this theory (4.0). Testing fib timeline tool. Could be in wave 3. RSI indicating near wave 4.
“I’m not an expert but I have watched a lot of youtube videos.”
MGNI on a tear with break above 16MGNI has been on an absolute tear since mid-October. Tremendous earnings report has propelled it above $16 ceiling with the stock headed to the low $20s now. Resistance at $16 on the downside. An absolutely great options play between now and January.
CTV play with large growth potentialMagnite is the largest independent sell-side platform for connected TV advertising. As ad dollars shift from traditional cable to more targetable and flexible formats, companies in this space will continue to grow. MGNI is at an attractive price and seems to have formed a base, working on the right hand of a cup shape. Entry over the marked POC is a conservative entry, one potential catalyst is the Q3 earnings report on Nov. 6th. Long-dated calls and leaps are attractive here.
MGNIhigh risk high reward play, big money/institutional interest recently spiked in this one, a quick run up to 7 would work for me, after that 9 is an obvious target, could take a few months to get there though
