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For what it is worth

NIO Updated View

Posted by pkrsek on 15th of Oct 2020 at 11:35 am

For what it is worth i think you made a great decision. NIO is now overbought on every metric. It should pull back very soon. I sold 1/3 of my position. I got really lucky on this one. I bought it at $5.71. I don't pretend that it will ever be another TSLA but I do believe it is the best of the Chinese EV companies. I am not a trader. I usually buy for longer terms, but I do enjoy Breakpointrades.comI've found a lot of actionable ideas here over the years. 

I'm expecting DKNG to drop

Posted by pkrsek on 14th of Oct 2020 at 01:13 pm

I'm expecting DKNG to drop to about the $43-$45 area. Lower bollinger band, 50 day SMA and 38.3% Fib retracement of the whole move from bottom to top. It's painful, but I am in it from $13.12 cost basis. 

Great trade. I bought LAZY

Posted by pkrsek on 13th of Oct 2020 at 10:33 am

Great trade. I bought LAZY at 13.93. Thank you. 

ATEC, 6 buy ratings, 0

Posted by pkrsek on 2nd of Oct 2020 at 06:36 pm

ATEC, 6 buy ratings, 0 hold, 0 sell, $10.25 consensus price target, 57% upside potential. 

I got really lucky on DOCU. I bought it March 16th and March 23rd. It is a fundamentally strong company that is still experiencing good growth. See this article. https://www.fool.com/investing/2020/09/27/3-signs-docusign-leader-of-45-billion-industry/

I have been watching gold closely for years. I had positions in GOLD and NEM until recently. I sold them both for good profits. I had a 10% of portfolio position in GLD, which has been reduced to 3%. I am not a trader. I typically invest for longer terms. I find breakpointtrades.comto ge a great guide to both longer term and short term setups. My concern now is that you could be correct. $GOLD could form an inverse head and shoulder pattern, Actually i think that is likely. But to do so, it could take 1 to 2 more years, and we could experience some more downside while we wait. In the end I think $GOLD goes much higher. It is simply a question of "sooner or later". 

Starting a position in Radius

Posted by pkrsek on 17th of Sep 2020 at 12:49 pm

Starting a position in Radius Health (RDUS) today. Huge insider buying. 

Starting a position in GE

Posted by pkrsek on 17th of Sep 2020 at 12:47 pm

Starting a position in GE today. First time in a very long time. 

OPK consensus price target is

Posted by pkrsek on 8th of Sep 2020 at 02:40 pm

OPK consensus price target is $5.50. 3 Buys, 0 Hold, 0 Sell. Very strong insider buying for the past several months. No insider sells. Chairman and CEO own 192 million shares. I am in at $2.89

Leap Therapeutics (LPTX breaking out

Posted by pkrsek on 8th of Sep 2020 at 01:10 pm

Leap Therapeutics (LPTX breaking out today on rising volume. Consensus $5.30 price target. 5 buys. Perceptive Advisors LLC is a 10%+ owner

I have positions in TSLA, NIO and WKHS. All were established at much lower prices and I see them as long term holds. I'm not a trader, but I do use a lot of technical analysis in my work. 

I'm in CARA at $16.90 per share. Monitoring closely. Expecting good upside. 

OPK is a significant holding

opk dont have any but on fire!

Posted by pkrsek on 21st of Jul 2020 at 01:31 pm

OPK is a significant holding for me. I have followed this company off and on for years. It has really had its ups and downs. It peaked in 2015 at $19.20. Buy early 2020 it was down to $1.12.  I started buying it earlier this year and have an average cost basis of around $2.00 per share. At this point it is way overbought, as you can see. It wouldn't surprise me if it backed off to $4.41 or even $3.78, which are the 38.2 an 50% Fibs. Based on what I know of the fundamentals my longer term target is $12.50. Bear in mind I am not a trader. I tend to take a longer view on all of my positions. 

They look fantastic. The last thing I need is a new car or truck, but I'm going to go test drive one. 

ALDX breaking out. Consensus price

Posted by pkrsek on 14th of Jul 2020 at 12:54 pm

ALDX breaking out. Consensus price target is $26.75. I bought it today. 

Matt, I have no idea how you do all the things you do and I admire you for accomplishing all you do. You are pulled in so many directions. I can't help but believe that you and Steve will have to add more members to your team over time. I am not a trader. I manage about $250 million of assets primarily for one client family. I use a lot of technical analysis in my work and have plenty of resources to help me. I stumbled across you guys several years ago and have always been impressed. You do really great work that I always find extremely insightful and reliable. 



who could have imagined that?!

Look at Semper MBS Total

Posted by pkrsek on 12th of Apr 2020 at 10:09 pm

Look at Semper MBS Total Return Fund (SEMMX). This is a mortgage backed securities fund that has been crushed. We think it has one of the best risk/reward profiles of any fund we follow  going forward 6 to 12 months. Just sayin'. Not a recommendation. Just an observation. 



I just read the introduction

Posted by pkrsek on 12th of Apr 2020 at 10:05 pm

I just read the introduction to the weekend newsletter and it all told me one thing. None of us have any idea how quickly this crisis will be resolved, or where stock prices will be in 30 days, 60 days, 90 days?  Is the $SPX going to 1800 or new highs over the next few months? I'd put even money on either side of that bet. I am a portfolio manager, and have been for 30 years. I have never experienced anything like this. No one else has either. I am not a trader. I'm a good technical analyst. I don't even remember how I chanced upon Breakpointtrades.com. I do remember being intrigued. I have access to all kinds of institutional research, yet I had never seen anything like Matt and Steve were doing. I subscribed and thought, let's give this a chance. At first my skepticism actually grew. Who were these two guys? No credentials. No track record. But I remained intrigued. I've been a member for years now and consider this the best technical analysis site I subscribe to. I consider it to be my secret weapon. I want to congratulate and thank Matt and Steve for all their hard  and great work. It isn't easy to do what they do. I look forward to being a member for years to come. As for now, we are in completely uncharted waters. 

Very Sorry Steve. That is

Administrative Note:

Posted by pkrsek on 30th of Mar 2020 at 03:24 pm

Very Sorry Steve. That is an incredibly hard loss. Condolences and love to you and your wife. 

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