DrewDimes

DrewDimes Updated 

-RSI showing oversold -MACD about to flip to green -HEAVY volume the past 3 days with good looking candles -Over 60% off its yearly highs

DrewDimes Updated 

-RSI is looking pretty low -Strong Cathie Wood support. ARK Invest owns over 8.7 million shares with KTOS being the #3 holding in ARKQ and the #4 holding in the smaller ARKX -Looking at the front page of the news today, the Taliban looks to be giving Sleepy Joe (and the rest of the world) some problems. Maybe defense companies get a little boost from this?

DrewDimes

Opening up a new short position here. Looks like a great/profitable company but just seems overbought. RSI showing so as well. Plenty of skin care products/systems out there. Trying to understand how a 60 million dollar revenue quarter equals a 3 billion valuation. Maybe I'm right, maybe I'm wrong. I don't use this stuff.

DrewDimes

Breaking above $45 and into a possible new channel after 8 months of sideways movement. -Good volume the past few days breaking thru the resistance -MACD switching to green -Buyout deal being finalized possibly tomorrow. Could be a buy the rumor sell the news event (or could be a catalyst up) so I have only taken half my normal position until we see what that...

DrewDimes

Been a hell of a year for these guys but the rally looks to be running out of momentum to me. With the markets on edge right now, feel safe taking a low risk short position here.

DrewDimes

Got in Friday and already hit TP1 today We will see how it reacts at the 17.50 level now. If that can't hold I expect a retrace back down to the $14 range

DrewDimes

Multiple top pattern. Usually a bearish sign.

DrewDimes

Revenue growing but expenses growing just as fast. EPS going the wrong way lately. I can dress myself. SHORT!

DrewDimes

Entering here at 1.38. Feels like there's room to run upwards. Did some DD, and unlike many other pharmaceutical companies that get pumped and dumped, these guys actually have a legit product. High risk, high reward trade.

DrewDimes

Found these guys last night and did a little DD. Sounds like they are a natural gas transportation company who's stock has been held down because they keep delaying one of their main projects. With that being said, natty gas prices are soaring (+100% YOY) while this ticker is actually down over that period of time. Earnings coming up, and MACD looks to be crossing...

DrewDimes

MSOS is a pure US Cannabis ETF. PURE US being the key there. Forget about Canadian weed, America is where the money is. Legalization/De-criminalization is bound to happen. When it does, the run-up will be intense. This industry is still young and much like legalized gambling, one by one, the states are getting in on the action. This means guaranteed market...

DrewDimes

Xerox. A boring company that's been around forever (since 1936 to be exact). These guys got hit HARD by COVID and have yet to recover like much of the rest of the market. With the office landscape changing, they might not ever recover to their glory days. However they still manage to turn a profit for their shareholders, and maybe with a shift in business...

DrewDimes

Found this company last week and opened a position at 12.60 These guys are basically trying to make broadband internet more accessible to cell phones worldwide by beaming it down thru satellites. Interesting product with very high reward if successful. That being said we are still in the pre revenue stage here so this play comes with the obvious added...

DrewDimes

Top of the bearish channel on the 4 hour. I see BTC going sideways for a bit so better chance of a small retrace for this one. Not financial advice just an idea

DrewDimes Updated 

We are reaching the top of the current bearish channel for XEM I see a better chance of a breakdown than a breakout unless BTC can gain some momentum Not financial advice just an idea