The Case for Being Bearish on XPEVRight now, XPEV is one of those stocks I have been following for a while. On IPO day, I decided not to buy any shares due to what seemed to me uneasy activity in the market. I still feel uneasy, so in a way I'm still watching from the sidelines. The valuation is obscene compared to revenue and competitors, and the IP seems quite similar to Tesla. Even both chargers have the same style green light. I'm not accusing anybody of anything, I'm just stating what I am seeing to an extent. The designs from my outside perspective look (as someone who done product and industrial design before) look quite similar. That being said, am I still bearish? Yes! I'm shifting somewhere towards a more neutral position given now it is $20.68, but still expect resistance to increase. Currently, I'm not a fan of the way charting is and its technical setup. That being said, please proceed at your own risk. Everything I am saying is on an opinion based basis. Proceed with caution and do your own due diligence.
Stockpicks
I Might Be Super Long for NNOXNNOX is one of those IPOs that were interesting me. I got in at $22.53 in one account, and averaging $24.49 in another. I exited out in one account at roughly $30.25 and the other at $29.50 near the peak. I did a rentry recently at $24.96, and was going to put a sale of $28.50 but decided to cancel that one and go in long. NNOX seems to be interesting to someone like me in terms of overall long term potential. I am doing research in similar markets so I know the sensors they want to provide are relatively basic compared to what is out there. The value proposition seems to be instead of using technology in the 80s and 90s to power medical imaging devices, use technology from the 2000s. They seem to be having a highly realistic value proposition from a technological standpoint. WalletInvestor recently came out with ludicrously large 1 year and 5 year targets for them, and the Montley Fool recently seemed to nickname them the "Tesla of Medical Imaging". Those are two popular resources seeming to add to people's bullishness. Given what has been said, I expect Nanox Imaging to garnish higher support levels. The sentiment seems positive as of now, and I don't expect major resistance patterns too soon. Also, I don't see reasons why the FDA might reject their device or the FCC might have a problem, given that more than likely this may emit less radiation than typical medical imaging machinery. That being said, everything I am saying is on an opinion based basis. Please do your own due diligence, invest at your own risk, and proceed with caution.
Blackberry Spiked, Still $6.25+ LongI still think at this price point, Blackberry have been oversold. I am expecting at least some more continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Two Great Dips: BBI and CBLCurrently, I am expecting that BBI and CBL are at a dip. Overall sentiment is that they are being oversold, and as volume is starting to get picked up, so is support levels. Overall I am a long. I am extremely bullish for the near future. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
$10 Entry for FIIIU: Forum Merger's Third MergerRight now for FIIIU, I think as a $10 entry for a blank check merger, this may be a good one. Overall, I'm bullish on the entry price and think once more details are built on the speculation, this can garnish higher support levels and momentum. That being said, please proceed with caution and do your own due diligence. Everything I say is on an opinion based basis. Invest at your own risk.
NNOX: Huge IPO Signal: $38+ Target?12:15 Price was $21.76, entry was at $22.53, current price now is at $24.50, target is $38. Right now, Nanox Vision has alot of potential as a Siemens competitor, and the sentiment is overwhelmingly positive. I think continued support for this IPO shall continue this bullish run. That being said, currently a long position. Please keep in mind, everything I say is on an opinion based basis. Please do your own due diligence, proceed with caution and invest at your own risk.
CBL: $0.31 Target Next Round AgainThis has been happening over and over, but I think CBL is ready for its next bullish retest and positive retracement round. It has been picking up support at this very recent dip. As always, proceed with caution and invest at your own risk. Do your own due diligence and everything I say is on an opinion based basis.
5 "Dips" I Like: MVIS, VAPO, BBI, JMIA and CAPRRight now, I think MVIS is extremely oversold as well as VAPO and BBI. JMIA, I consider still a dip though in the green given recent bearishness. CAPR is likely going to retest for an uptrend again. A diversified portfolio that is quite small allocated towards these five may by mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
1 Year Target for LI: $65Right now, my current 1 year target as a conservative estimate for Li Automotive is $65. That being said, I think this will continue getting momentum and garnishing higher support levels. Many analyst are bullish as well. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
RKT: Still Expect More Support LevelsBelieve it or not, I still expect RKT to receive higher support levels than it currently has. Overall, I'm projecting a long w/ a potential 1 year target of at least $50 w/ stable growth correlations. That is highly conservative. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
OXY STOCK LONG TERM SWING TRADEOXY STOCK LONG
ENTRY 1 $11.50 & ENTRY 2 $13.00
SL $8.00
Take Profit 1 $18.00
Take Profit 2 $23.00
Take Profit 2 $28.00.
Take Profit 3 $34.00
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
Aug 19 (Reuters) - Occidental Petroleum Corp OXY said on Wednesday it will sell some of its Wyoming, Colorado and Utah assets to Orion Mine Finance for about $1.33 billion, as the oil and gas producer looks to cut the debt it took on with its purchase of Anadarko.
Occidental has been trying to divest assets to whittle down its $36 billion of long-term debt, a bulk of which was taken on during its $38 billion Anadarko Petroleum deal last year, an ill-timed bet on oil prices rising.
It expects to receive $2 billion or more in asset sales this year, and has about $4.5 billion in notes due next year.
The Orion deal, expected to close in the fourth quarter, will see Occidental sell about 4.5 million mineral acres and 1 million fee surface acres. The company will, however, retain its core assets in the Rockies, including the DJ Basin in Colorado and the Powder River Basin in Wyoming.
Occidental acquired millions of mineral and surface acres in Wyoming and Colorado with the purchase of Anadarko, and hoped at one point to fetch as much as $700 million for the assets, according to people familiar with the initial sale plans.
It no longer plans to sell Algerian assets it had once hoped to sell to France's Total to pay down debt, Occidental Chief Executive Vicki Hollub said, calling Algeria a "core asset." Algerian authorities had moved to block Total's acquisition.
Occidental is still marketing assets in Ghana.
U.S. energy firms accelerate offshore evacuations as twin storms loom
HOUSTON, Aug 22 (Reuters) - U.S. oil producers on Saturday evacuated more workers from offshore Gulf of Mexico platforms as two tropical storms took aim at the major oil-producing region.
Storms Marco and Laura are poised to enter the Gulf early next week, with each forecast to make landfalls on the Gulf coast by mid-week. However, neither storm is expected to become a major hurricane and the forecast storm tracks cover a wide area.
Storm Marco on Saturday is expected to become a category one hurricane with winds of at least 74 miles per hour (119 km) but faces wind-shear conditions that will limit development. Storm Laura is on a track to travel over Hispaniola and Cuba, and is likely to remain a tropical storm, said Matt Rogers, a meteorologist at Commodity Weather Group.
"We don't see the intensity and strengthening risk" to either storm, said Rogers, whose company advises energy and agricultural firms. The prospect of either becoming a damaging, category three storm is just 10%, he said. Unlike Hurricane Harvey, which struck the region three years ago, neither is expected to linger inland, reducing risk of coastal flooding.
Still, helicopters on Saturday were criss-crossing the Gulf of Mexico, ferrying workers off platforms in precautionary measures, said Tony Hermans, base manager at Bristow Galliano heliport in southern Louisiana. Scheduled evacuations will be completed by Sunday, he said.
U.S. Gulf of Mexico offshore wells account for 17% of total U.S. crude oil production and 5% of total U.S. natural gas production. The region along the Texas to Mississippi coasts also accounts for 45% of total U.S. petroleum refining capacity.
BP, Royal Dutch Shell, BHP and Chevron each had begun removing personnel from offshore facilities. Occidental Petroleum and Louisiana Offshore Oil Port, a major oil export and import terminal, reported they had begun implementing weather procedures.
Two Stocks for Positive Bull Run ContinuationI think that ACRS as it stands is a Covid19 play and could be the next CAPR with its drug discovery targets. Positive sentiment will keeping coming up. I also think that CLPS as an IT company will still have some positive sentiment and support correlations, at least on Monday. If I were you, I would likely be long pre or open market hours entry. That being said, everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution. Invest at your own risk.
CVAC Proves Why I Love IPOsCVAC had a $16 IPO entry price and peaked at $65 today. This shows why I love IPOs for stocks that enter into the market. This also proves why I hate many traditional broker accounts. Lots of traditional broker accounts don't give you access to the early level IPO price for the first hours the stock hits the market, and this is one of the most annoying things in the world in the eyes of a traditional investor wanting to get into IPO investing for stocks. There is still decent profit turnover opportunity for latecomers. That being said, I might shorten Curevac or put a sell target off at most for $65 if I were you and I were holding it. Once something rises that much for IPOs, the crash can be double digit percentage points sometimes. That being said, everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence.
KODK LONG SET UP (Kodak Co)TITLE/(DATE)- KODK stock
ASSET- STOCK
PLATFORM-Robinhood
ORDER TYPE- BUY
Time Frame-1hr
ENTRY PRICE 1- $9.00 (market)
ENTRY 2- $5.00 (pending)
STOP LOSS- $2.00
TAKE PROFIT 1-$14.00
TAKE PROFIT 2- $18.00
TAKE PROFIT 3- $24.00
TAKE PROFIT 4- $30.00
TAKE PROFIT 5- $34.00
TAKE PROFIT 6- $40.00
STATUS: Active
BRIEF-DFC To Provide $765 Mln Loan To Eastman Kodak Co To Support Launch Of Kodak Pharmaceuticals
July 28 (Reuters) - U.S. International Development Finance Corporation:
* U.S. INTERNATIONAL DEVELOPMENT FINANCE CORPORATION - TO PROVIDE $765 MILLION LOAN TO EASTMAN KODAK CO TO SUPPORT LAUNCH OF KODAK PHARMACEUTICALS
* DFC - KODAK PHARMA TO MAKE CRITICAL PHARMACEUTICAL COMPONENTS IDENTIFIED AS ESSENTIAL BUT HAVE LAPSED INTO CHRONIC NATIONAL SHORTAGE, AS DEFINED BY FDA
* DFC - DFC’S LOAN TO ACCELERATE KODAK’S TIME TO MARKET BY SUPPORTING COSTS NEEDED TO REPURPOSE & EXPAND EXISTING FACILITIES IN NEW YORK & MINNESOTA
Sector: Electronic Technology
Industry: Electronic Equipment/Instruments
Employees: 4922
Eastman Kodak Co . engages in the provision of analog and digital innovations. It operates through the following segments: Print Systems; Enterprise Inkjet Systems; Kodak Software; Brand, Film and Imaging; Advanced Materials and 3D Printing Technology; Eastman Business Park, and All Other. The Print Systems segment comprises of prepress and electrophotographic printing Solutions. The Enterprise Inkjet Systems segment includes prosper and Versamark business. The Brand, Film and Imaging segment involves includes industrial film and chemicals, motion picture, and consumer products. The Advanced Materials and 3D Printing Technology segment offers kodak research laboratories and associated business opportunities and intellectual property licensing. The Eastman Business Park segment includes the operations of the Eastman Business Park, an acre technology center and industrial complex. The All other segment composes RED utilities variable interest entity. The company was founded by George Eastman in 1880 and is headquartered in Rochester, NY.
Long Entry for CSIQ: Next Wedge Confirmed?Right now for the next wedge target, I think that CSIQ is a long entry. It looks like it is finally going to gain some positive support levels and have a reversal of the recent bearishness. I think it is ready for the next wedge, and that a $38 PT target is feasible. That being said, please proceed with caution. Do your own due diligence and invest at your own risk.
Tesla Announced 5 to 1 Stock SplitOn August 31st, trading for Tesla is beginning on its stock split basis (according to this PR) . Tesla doing this stock split and people still waiting up until this point for S & P 500 inclusion makes Tesla's CFO and Elon Musk quite intelligent from the financial management perspective. Zach Kirkhorn, say his name, really seems to know what he is doing. That being said, this may provide a bullish outlook for Tesla long term. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Decent Dip Entry for CAPR: Buy Alert!Right now, I am confident enough to say that CAPR is due for a likely reentry. I believe that it has been recently oversold and the bearish correlation is about to have its resistance popped quite soon. The upswing potential is there. That being said, please proceed with caution and invest at your own risk. As always, everything I say is on an opinion based basis not meant to be taken seriously as actionable financial advice. Do your own due diligence.
Could VMS Make a Comeback?VMS in the Australian markets is something I am expecting to hit 0.035 AUD soon for a short target. However, I think this may actually be a decent long hold at this point. At least for a small amount of money taking in the risk, I think this may potentially have another breakout soon and more to come given the need for higher support levels in order to garnish traction. This seems to have been on other investor's radars again. That being said, do your own due diligence. Proceed with caution and invest at your own risk. Everything I say is on an opinion based basis.
Big Gap Fill for VAPO: Still Holding the DipVapo is one of those stocks that seem to have been oversold. Right now, the buy consensus from analyst are at 100%, and even with some negative sentiment and resistance from the non-institutional traders, this looks like lots of the noise is about to be blocked out. I think given the many large institutional backers, buy consensus, the dip, the demand for ventilators at this time period, and the current quarterly outlook, there are numerous of reasons to be bullish. Also look at the big gap needing to be filled given this dip. As always, everything I say is on an opinion based basis. Do your own due diligence and proceed at your own risk. Proceed with caution.
Big Gap Fill, Anything under $2, Bullish, > $2.85 TargetRight now MVIS is one of those dips that still got me excited. News is going on that they may be possibly acquired for a value much larger than their current marketcap, and regardless the technology is pretty solid. I think the resistance shows it has been oversold, and right now the borrowing fees are astronomical. All this leads me to believe that this should spike soon, and that people who are bearish or selling at this point are likely making a decision that I don't see the data supporting. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence.
CAPR Short: Next Target $5.90Right now, I think CAPR will have some continued resistance, and that the next target for the bearish run for a possible buy is at the $5.90 price point for bottoming rather than the current level. That is still only a $0.15 difference but lower risk aversion ratio. That being said, everything I say is on an opinion based basis. Please do your own due diligence. Proceed with caution and at your own risk.
ETSY Strategy: $125 Entry, Long PT at $150Right now, I'm still guessing an overall long position at ETSY, but think it will continue having some more resistance until reaching the $125 price point prior to retesting. That being said, I think by November, this stock can easily reach $150 for a long PT target. The correlations seem to point to positive support levels overtime. As always, please do your own due diligence. Everything I say is on an opinion based basis. Proceed with caution at your own risk.