Jimmy's Latest Stock Pick!

bowtrix Updated   
NYSE:BROS   Dutch Bros Inc.
Jim Cramer got paid to tell retail traders to buy Dutch Bros. It's an unprofitable company that bleeds money, and has an overpriced Profit/Sales ratio plus a market cap way too high for it's own good. Let's fade Jim Cramer, and trade along with the CEOs of the company who will dump the liquidity purchased from him! Buying puts at market open.

On a side note, you are better off buying puts maybe 2-3 months out, a good bit in the money, because these will have much less volatility crush if the market starts being less volatile here. Currently volatiltiy is overpriced so you must consider these things when buying puts. Maybe you wait for it to go cheaper, if you want. That is, wait for VIX lower than 20. That's considered cheap volatility.
For all my elliot wave followers, here is my interpretation of the elliot wave count for BROS

This count expects us to get a bit of a rally into the earnings. Perhaps the stock gets a really nice print, and that sends it on a little algo rally. This is when I will load up on puts, with the expectation that we are about to see a *brutal* rally downwards.

The brilliant thing here is that there is nothing to stop the stock from falling like a freaking rock, since it's several times overvalued, does not turn a profit, and has very few eyes on it.


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