This is not my idea or research. This is an idea from one of my favorite analysts, Brian McGough, who is a retail director at Hedgeye Risk Management. He said GME GameStop was a potential 10-bagger when it was at $20 late last year, and he's recently said he thinks PlayBoy is a 10-bagger (from ~$20). The general thesis is that the old management is gone and new...
Have gone long Energy in last week via MPLX. Energy broke Hedgeye Trend mid November as product of Quad 2 environment. Energy performs well as Real Rates/Inflation increase, so offers a natural hedge. My broker (I'm in UK) won't allow me to get the wider Energy Complex exposure, so went long its largest constituent part MPLX (makes up ~15% of total factor). Very...
Took small Long position in GBPUSD on back of continued weakness in USD and strong trend to upside on GBP. Took position on Nov 20 via LGBP ETF, and has been somewhat anaemic - will watch closely to see if breakdown in trend emerges in coming days. Will likely be dependent upon BREXIT talks in UK and continuing near term risks in US macro environment on foot of...
Bullish on industry trends around Cannabis Sector given the "acceptance" of CBD following election. SAMA is a SPAC with an agreed target in Clever Leaves. The two are planned to merge in Q4 2020. SAMA is in the HE Long List by virtue of CLVR's potential trajectory and cost base in a massively growing market. While difficult to assess price behaviour given...
Took a Long position in MIK on 24.11.20 at $9.75. Key catalyst was fact that it had broken trend ($8.86 is trend floor per @Hedgeye). Also on the HE Long List so had been looking for a decent entry to take a position having traded in and out over previous months. High Short interest is slightly concerning (currently at ~22%) however could drive a squeeze if this...
