Originally I expected DKNG to hit and pass 50$ in a bullish sweep. That was the case but much quicker than I anticipated, and its pullback in the trading days after would turn 3,000+ to a fully closed out profit of 1,300. It never hurt anybody to take profits and I had closed out a fraction the day before it dropped so I guess thats the plus here.
But where do we...
Bearish trend looking to place a stop loss on the option on the weekly for 160. Target is 146$. This company has no business being this overvalued in this IPO moneygrab market.
On a shocking earnings beat it isn't surprising to see a price increase as drastic as was seen Tuesday morning. Looking at return on investment, earnings in general, and analyzing the company I come to find that with a low margin of operation it has managed to build a bit of a bubble since it's IPO. It has managed to decrease the amount of debt that it has and I...
(9/28/20)With the U.S Stock Market looking to resume all-time-highs its important to look at things from a neutral stance with bad news looking to hit any currency at anytime. I always look at AUD because of how it is tied to gold and the Asian markets. We have never seen markets so volatile before just due to so much uncertainty. So with so much uncertainty and...
Recently hearing news of hedging position of EBAY was something I didn't hesitate to close out last week after I noticed it started to putter out of its uptrend I had hoped for it to catch on from a 5% dip from 53 towards 48-47. I expect higher prices but nothing higher than 52.50 where I'll buy 2 week expiration puts for 48. I don't expect price to fall past...
Looking at the chart for the past two days several ideas came up to me: With the support level being retested at 47 instead of 45 it has bullish sentiment and after the most recent analyst calls they have absolutely affected price as can be seen 9/24, 11/20 & 12/7. 12/8 we see a Doji.....What if you had an idea to buy a stock but didn't like the current price so...
After a spike in Early February it soon...ate up almost all of its gain the same day after a cut in earnings(Circled in black). Now why am I short? Well Let's take a look at demand for what Mattel sells. Toys, Board games, and dolls(famously Barbie). The plummet was due to a MASSIVE cut in earnings and terrible guidance for 2019 to be FLAT. Mattel blames Toys R...
After Mercantile's earnings call shares soared against the trend of the overall market. As the market progressed today the lone stocks that soared (i.e EBAY, MWBM, EDU) failed to keep bulls excited and dipped soon after news hit. We see a similar pattern with MWBM. If the market continues to sell off tomorrow the few puts available are cheap, easy picks, and are...
