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My base case regarding the

Posted by pkrsek on 2nd of Nov 2020 at 03:52 pm

My base case regarding the election is that the odds are overwhelming that we will not know who has been elected for at least two weeks after November 3rd. We are fast approaching 100 million mail in ballots, a record number. Georgia, Iowa, Michigan, Minnesota, New Hampshire, North Carolina, Ohio, Pennsylvania, Wisconsin and Texas can't count mail in ballots until the day of the election in some cases or after the polls close in other cases. Election officials in Philadelphia have announced that it will take them about 8 days to count the ballots. That means we won't have complete results from PA for eight days. PA is being identified as critical to both candidates. Trump has already announced that he intends to "investigate" mail in voting in all "swing states". You can interpret that to mean any state in which he is not the clear winner. My fear is that the market has not yet priced in how ugly the protests and violence might get. All this is leading me to raise a lot of cash and short the market. I am not optimistic about the next couple of weeks. I consider today's bounce to be a gift from the trading gods! 

I have found the 13 and 34 daily and weekly EMA crosses to be very reliable signals. They don't get you out at the top, or in at the bottom, but they sure help to avoid most of the pain. Thanks for posting. 

I couldn't agree more. I subscribe to several newsletters and quite a few institutional research services. I've gotten more actionable ideas from BreakPointrades.comthan any other service. I would never give it up. 

JETS breaking out

Posted by pkrsek on 23rd of Oct 2020 at 11:27 am

JETS breaking out

LUV and JBLU breaking out

Posted by pkrsek on 23rd of Oct 2020 at 11:22 am

LUV and JBLU breaking out today. 

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. 

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