EV stocks had their time to correct.
Now it's reversal time, so let's long this baby.
RSI is so oversold the cyclical phase must begin. ATH is a definite possibility.
Inside ownership also re-instills faith all the big boys are in this great stock,
Blackrock, Goldman, JP, Shaw, CS, and finally big Mr. BABA.
Let the chart speak for itself....
As you all may have noticed from doing your research that there has been a quantifiable spike in insider buying by the President and Director of Orbimed Advisors.
On February 17th, 2021 there was an Initial Public Offering at $3.50/share.
I have not made any extensive due diligence on the company yet, solely interested in the high amount of shares...
The Asian session saw heavy losses after an overnight rise in bond yields which increased fear of yet another crash during the US session.
Markets in China, Japan, South Korea lost more than 2% during their regular trading hours. I don't expect a sell-out across all sectors at Wall Street today (it will be more likely concentrated in "higher risk...
SRGA has tried and failed to break/hold the 1.70 area 3 separate times suggesting it's time for the stock to start going back up. 4 of it's board members bought large sums of SRGA today totaling of 5 million altogether.
I've taken a small starter position on it. Let's see where she ends up by the end of next week and reassess.
***The legendary Fidelity Investments manager Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” this guys is just simply smart.
***Beautiful data presented here very useful for long investors . Simple strategy, with every consideration you would usually take , just...
Perhaps 650 pips left in the rally; perhaps not, pure gamble up here IMO; perhaps Monday 12/7 brings exhaustion gap?
A final parabolic surge might push index near 31k before it cascades... don't be long when it breaks!
Look how the MFI wanes as price creeps up the wedge; a clear EW appeared in the MFI during the November runup.
RSI diverges but ofc can still go...
No one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale.
That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing...
BLU afterhours runner on Friday. Just cashed up a cool $40 mil. But the institutional positions could be a thing to monitor closely. Such a blown out penny stock now getting some attractive institutions posting 13's
" After the closing bell on Friday, BLU stock jumped from a close of $2.45 to after-market highs of $2.79. Something else to note is that a 13G was...
📌Everyone, #sorryNosorry not much to add, D.E. Shaw is building up a position so I want to have some too. No need to get so complex when picking equities, flow baby...like water :)
Yes, one more thing...
📌Peter Keith, Sr Research Analyst at Piper Sandler, has an "OVERWEIGHT" rating on Overstock.com and PT 140$ per share. He thinks NASDAQ:OSTK ...
its the Sabbath
but did u get ur puts friday ?
just read that KODK loans put on hold !
U.S. International Development Finance Corp (DFC) said.
Reuters attributed , in the TV news area
the balloon will pop
it also seems the execs bought call options !