5/13/24 - $ccld - only shorting a pop >$3 tmr AM w/ P's b safe
5/13/24 - vrockstar -
CCLD
- looked at this last quarter (before i started doing daily write ups) and came to the conclusion of a. would possibly be a buy but b. valuation not obvious. this was in the low $1's. NOW, they missed that quarter. earnings setup looks lightish - b/c if they beat you better believe this runner goes to $3-4 tmr. BUT the higher probability event is a mediocre quarter and maybe this has some vol, but anyone chasing this is rented money/ time and moves onto the next runner. valuation cannot be sticky above $2 in my estimation. I'd not have any position at this stage, and instead i'm keen to short any pop above $3 (only using P's) and it's hard to buy anywhere near this level or chase etc. the obvious implication of
GME
is that this week we could probably look a few days ahead and find names that are starting to break higher to play some C's. I'll look into that for 2H of this week sooner than later and you'll see it on my feed. however, i'd caution anyone buying this for anything more than a trade. the fundamentals don't make sense here b/c you have gross profit underperforming vs. opex. tough setup, decent narrative, but generally don't get trapped here as exit liquidity. they'd be smart to raise... ;)
CCLD
- looked at this last quarter (before i started doing daily write ups) and came to the conclusion of a. would possibly be a buy but b. valuation not obvious. this was in the low $1's. NOW, they missed that quarter. earnings setup looks lightish - b/c if they beat you better believe this runner goes to $3-4 tmr. BUT the higher probability event is a mediocre quarter and maybe this has some vol, but anyone chasing this is rented money/ time and moves onto the next runner. valuation cannot be sticky above $2 in my estimation. I'd not have any position at this stage, and instead i'm keen to short any pop above $3 (only using P's) and it's hard to buy anywhere near this level or chase etc. the obvious implication of
GME
is that this week we could probably look a few days ahead and find names that are starting to break higher to play some C's. I'll look into that for 2H of this week sooner than later and you'll see it on my feed. however, i'd caution anyone buying this for anything more than a trade. the fundamentals don't make sense here b/c you have gross profit underperforming vs. opex. tough setup, decent narrative, but generally don't get trapped here as exit liquidity. they'd be smart to raise... ;)