MP888

MP888 Updated 

Part of the fun of investing is accepting a bit of risk for outsized rewards. NASDAQ:SOUN fits the bill. Through 2 acquisitions in the the last couple of months they are predicting annual revenues north of $150 million. While not profitable they are in the hot space of AI software and have a plethora of customers across a number of industries. By rolling up...

MP888 Updated 

LMND used to be the belle of the ball back during the pandemic days. Now its just struggling to gain some momentum. Over the past 2 weeks leading up to earnings on July 30th, LMND has had a nice run. Unfortunately gravity will pull this stock back to earth very shortly UNLESS earnings are so stellar that it finally breaks out of the horizontal channel that has...

MP888 Updated 

NASDAQ:AMD seems to be oversold and ready for turnaround. Catalyst will be solid earnings as this $228 Billion market cap ugly step sister to NVDA will surprise. Gap should be filled on way up. GLA

MP888 Updated 

Lets make this hypothesis on where NASDAQ:TSLA is going very very simple. Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price of NASDAQ:TSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad...

MP888

Take a look at the last 10 earnings announcements for TSLA. Highlighted in yellow. Couple of takeaways: +++ 9 out of 10 times during the 8 or 13 days prior to earnings the stock traded in the lower half of the Bollinger bands. The exception was the July 2023 earnings announcement. +++ That same July 2023 earnings event saw a meteoric rise in share price prior...

MP888

Check the history files. No stock continues at this pace upward without a pullback. The question for traders is when will that pull back occur? We had a expected CPI print. There will be anticipation for Robotaxis. The bottom line is we dont know what will be announced Aug 8th and we dont know what kind of revenues will materialize. Between now and Aug 8th we...

MP888 Updated 

NYSE:SHAK has had a good run and is a solid performer. That said NYSE:SHAK might have gotten ahead of itself a bit. Upside has be tested at 111 twice and rejected. Management has sold some shares for tax purposes but that's not too big a deal. I could wait for the 3rd rejection or start easing into a short position which is my preference at the moment. Will...

MP888 Updated 

After tripling in a few short months, riding the wave of strong earnings, its time for NYSE:SG to return to earth. Looking at the chart you'll see a gap that needs to be filled. Valuation is a concern here and on that simple basis it should fall to lower portion of gap. Opening short position here similar to short in $SHAK. Will add to position as momentum to...

MP888 Updated 

Like NYSE:CRM , successful customers of ServiceNow become locked into the NYSE:NOW ecosystem and as they add functionality to their platform they gain an ever larger share of the IT department OPEX budget. Numbers wise, NYSE:NOW continues to steamroll forward with Forbes reporting: Q1 2024 revenue: $2.6 billion — up 24% and $10 million above consensus as...