HandsomeSloth

HandsomeSloth

Why is the stock down? 1) Locked up shares were allowed to be traded, flooding the market with shares 2) Kerrisdale Capital coincided point 1 by coming out with a short report That's great! We can now buy shares at less than it IPO'd / SPAC'd for ($10/share). Why is this the bottom? - Since formally trading has dropped 50-60%, 3 times. We are currently...

HandsomeSloth

Let's not complicate things. Technicals: I've drawn a rising wedge on SPY since COVID - Support line is well defined with many touches - Resistance line can be drawn 2 ways (but don't differ meaningfully) Analysis: Max upside from 2 Sep SPY high is either: - 500 by EOY (10%) - 475 by Thanksgiving (5%) SPY is up 25% for the year and 100% since the COVID low....

HandsomeSloth

FOXF has been trading horizontally for a few months forming a flat top wedge (bullish) pattern. I expect this may continue until next earnings (Nov 2) wherein the wedge may break bullish. I'll be watching the pattern until then. As well, many technical indicators are showing weakness from the horizontal trading, and I consider the stock now at a buy point...

HandsomeSloth

I'm fairly new to CMI, but have been looking at it since our Q1 2021 rotation into value has taken place. Technicals: On this chart, I have drawn 3 lines which represent significantly different timeframes to be aware of (from left-to-right on the chart): 1) COVID Trendline--this has been some pretty steady support since our COVID lows and represents to me a great...

HandsomeSloth Updated 

No surprise in the headline here. UPWK , just like FVRR , has had one hell of a run. COVID has shown us that freelance work is cheap and effective, and that this is the future as digitization and globalization improve. Congratulations to everyone who has been in either of these stocks since the beginning. PRO: Both UPWK and FVRR have 'modest' market caps at 5.5...

HandsomeSloth

Crowdstrike is in the early days of the S-Curve for cybersecurity. The sector may have run up a ton in the last year due to COVID, but that doesn't mean that there isn't a lot more room for it to grow from here. Fundamentals: - I love the business model of being SaaS cybersecurity, they were the first to master this. The reason I love this is gross margins, which...

HandsomeSloth

The last time I thought SQ was a buy was back at $150 in late October. From there, it almost doubled in 3 months ($283 or 87%), but now it is only up a meager 44% from that point just a few weeks ago. PREAMBLE: I'm a huge believer in what SQ is doing LT - Lending and banking (and actually competing with banks) yes!! Remember when the stock plummeted when they...

HandsomeSloth

IPO'd at $23.75 just under 2 years go. Since then, we fell to $10.10 and rose as high as $89.90. What a time. This week, we broke our COVID uptrend as these high flyers have fallen out of favor. I live PINS for the LT, however I don't see a good entry point for a while... We've really never had weekly consolidation since COVID, and certainly haven't had any...

HandsomeSloth Updated 

LULU needs to break above ~350 to show momentum and break of resistance (prior support in wedge) before we can call bullish. Even then, we will need to test the all-time high of 400 before going fully bullish. Until these points, anticipate downside or further horizontal movement...

HandsomeSloth

We are breaking the long-term ascending wedge: - We're at resistance that's been in place since May 2019 - We're barely holding support since COVID low (this is 4th touch) -> I expect we will continue to break down out of this ascending wedge. It may be tomorrow, it may be sometime in March, but it'll happen -> Frankly, we need some consolidation with all...

HandsomeSloth

LT support on W and M timeframe PE ~= stock price (170 on 2/23) Such a high flyer, it needs to come down to reality From COVID low to ATH, 0.618 fib matches with LT trend (coincidence?). Currently bouncing off of 26 W EMA, but I expect it to head towards 100, and I may look to buy <120

HandsomeSloth

Time and time again LMT has been a stellar stock. Now, let's start with why they may be down over the last few months: - Plane sales are declining due to COVID -- great, they're about to bounce back, look at BA for comparison - Democrats in office - okay, but have they ever actually decreased military spending drastically? I think LMT will be just fine under a...