ContextLogic (NASDAQ:
WISH) shares surged as much as 16% as
the company garnered more attention on the WallStreetBets Reddit
forum.
The discussion sees ContextLogic as a potential short squeeze.
Short interest fell from a high of 57% in early May to 12% this
week, according to Markit data via Bloomberg.
Management Commentary
“Our RF filter designs continued to gain traction within key
end markets in the first quarter, as evidenced by the record 8.6
million RF filters our customers shipped during the quarter, which
were designed with our proprietary design technology,” said George
B. Holmes, Chairman and CEO of Resonant. “This acceleration of unit
shipment volumes, along with our continued progress towards
high-volume manufacturing of our XBAR® technology, is validating
our strategy to capitalize on a multi-billion-dollar opportunity by
revolutionizing the RF filter supply chain with solutions that
innately and reliably meet the complex requirements of
next-generation, ultra-fast networks, such as 5G.”
“Our agreement with the world’s largest RF filter manufacturer
is advancing rapidly, following successful performance and
reliability demonstrations with our partner, which confirmed our
XBAR® filter designs are proceeding towards market availability at
mass scale. Additionally, we are working to help our existing
partners service the anticipated heightened demand in the global
mobile handset market and extended an agreement with a Chinese
Tier-1 foundry partner for 4G devices.
Sold half of BB purchase when poked above 20 this morning. Rest
is now free. Last time ran in Jan went up 9 days from its base to
high. Today is day 7 for this run, Planning to sell tomorrow or
Monday on another spike. See this news today:
Electric vehicle sector jolted by
Reddit-fueled interest in highly-shorted stocks
Select electric vehicle stocks are revving higher again as a
risk-on trade wraps around the sector.
EV stocks with a high level of short interest are gathering the
most attention, with Workhorse Group (
WKHS+33.0%), Lordstown Motors (
RIDE+3.7%), Nikola (
NKLA-1.1%) and Canoo (
GOEV-2.4%) all moving up and down in early
trading.
For the second day in a row, Tesla (
TSLA-1.9%) is near the bottom of the EV
movers list. A minor
recall of 734 Model 3 cars produced in
2019 for China is the biggest development of the day so far.
Keep an eye on Blink Charging (
BLNK-3.4%), QuantumScape (
QS-3.0%) and Arcimoto (
FUV+2.9%) as all three stocks are on the
list of names with the
highest percentage of short interest.
NUGT has little reversal candle. Looks like a minor 5 wave down
move completed in GDX. Maybe wants to make a right shoulder around
34.50. Could set up a little trade in NUGT:
https://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=9&dy=0&id=p85513442467&a=486439622&listNum=61
Bottom of bollinger band, mild positive divergence on RSI5, and
MACD. Retail sentiment on NDX was 85 at the Feb high.
From Friday at 90% retail bulls. Rich territory. I can
see a falling wedge on a 10 minute chart of SQQQ at bottom of
wedge. Looked like a wave 3 peak on Friday in NDX.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
CLOV had 36% of its
Posted by steve101 on 8th of Jun 2021 at 02:54 pm
CLOV had 36% of its float short this morning at the open: https://shortsqueeze.com/?symbol=CLOV&submit=Short+Quote%E2%84%A2
They started some action in
Posted by steve101 on 8th of Jun 2021 at 02:44 pm
They started some action in this one 4 days ago. Wondering if this pullback is setting up another buy: https://stockcharts.com/h-sc/ui?s=CLNE&p=D&yr=0&mn=7&dy=0&id=p50766535236&a=963491376&listNum=59
Today's primary focus Reddit target:
Posted by steve101 on 8th of Jun 2021 at 02:39 pm
Today's primary focus Reddit target: https://stockcharts.com/h-sc/ui?s=CLOV&p=D&yr=0&mn=7&dy=0&id=p50766535236&a=963491376&listNum=59
WISH. Reddit strikes again: ContextLogic (NASDAQ: WISH)
WISH follow up
Posted by steve101 on 8th of Jun 2021 at 02:36 pm
WISH. Reddit strikes again:
Same here. Been a good
RESN nice day
Posted by steve101 on 4th of Jun 2021 at 03:00 pm
Same here. Been a good day for RESN: https://seekingalpha.com/news/3699228-resonant-in-all-day-rally-to-25-gain. That might have more legs.
Management Commentary
“Our RF filter designs continued to gain traction within key end markets in the first quarter, as evidenced by the record 8.6 million RF filters our customers shipped during the quarter, which were designed with our proprietary design technology,” said George B. Holmes, Chairman and CEO of Resonant. “This acceleration of unit shipment volumes, along with our continued progress towards high-volume manufacturing of our XBAR® technology, is validating our strategy to capitalize on a multi-billion-dollar opportunity by revolutionizing the RF filter supply chain with solutions that innately and reliably meet the complex requirements of next-generation, ultra-fast networks, such as 5G.”
“Our agreement with the world’s largest RF filter manufacturer is advancing rapidly, following successful performance and reliability demonstrations with our partner, which confirmed our XBAR® filter designs are proceeding towards market availability at mass scale. Additionally, we are working to help our existing partners service the anticipated heightened demand in the global mobile handset market and extended an agreement with a Chinese Tier-1 foundry partner for 4G devices.
https://seekingalpha.com/news/3702925-amc-down-25-warns-investors-they-could-lose-everything-jefferies-halts-amc-shorts
Posted by steve101 on 3rd of Jun 2021 at 11:00 am
https://seekingalpha.com/news/3702925-amc-down-25-warns-investors-they-could-lose-everything-jefferies-halts-amc-shorts
Sold half of BB purchase
Posted by steve101 on 3rd of Jun 2021 at 10:46 am
Sold half of BB purchase when poked above 20 this morning. Rest is now free. Last time ran in Jan went up 9 days from its base to high. Today is day 7 for this run, Planning to sell tomorrow or Monday on another spike. See this news today:
Electric vehicle sector jolted by Reddit-fueled interest in highly-shorted stocks
Jun. 03, 2021 9:44 AM ET FUV, GOEV... By: Clark Schultz, SA News Editor 34 CommentsIf you are holding CVM
Posted by steve101 on 31st of May 2021 at 08:55 pm
If you are holding CVM you might want to read this: https://dinhvesting.substack.com/p/cel-sci-cvm-the-big-day-is-coming
Wall street bets guys pushed
Posted by steve101 on 28th of May 2021 at 06:32 pm
Wall street bets guys pushed AMC hard, now pushing BB say will drive up next week, and pushing this one for a couple days: https://stockcharts.com/h-sc/ui?s=SNDL&p=D&yr=0&mn=5&dy=15&id=p57203508357&a=960298644&listNum=59
What do you think Matt/Steve on SNDL?
Matt, GDX got down to
Bonds and VIX
Posted by steve101 on 29th of Apr 2021 at 10:04 am
Matt, GDX got down to 34.47 below support of 34.48. Suggests an abc pattern, with futher downside, unless its a 1-2-1-2 pattern. Your thoughts?
Lunacy https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html
Posted by steve101 on 16th of Apr 2021 at 04:53 pm
Lunacy https://www.cnbc.com/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html
Bitcoin and Miners of Bitcoin
Posted by steve101 on 2nd of Apr 2021 at 11:20 am
https://seekingalpha.com/article/4417286-crypto-alerts-be-careful-bitcoin-miners?mail_subject=avi-gilburt-crypto-alerts-be-careful-with-bitcoin-miners&utm_campaign=rta-author-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
https://stockcharts.com/h-sc/ui?s=PLUG&p=D&yr=0&mn=7&dy=21&id=p3088468987c&a=647996573&listNum=36 https://stockcharts.com/h-sc/ui?s=BLDP&p=D&yr=0&mn=7&dy=21&id=p3088468987c&a=647996573&listNum=36
Posted by steve101 on 28th of Mar 2021 at 01:26 pm
https://stockcharts.com/h-sc/ui?s=PLUG&p=D&yr=0&mn=7&dy=21&id=p3088468987c&a=647996573&listNum=36
https://stockcharts.com/h-sc/ui?s=BLDP&p=D&yr=0&mn=7&dy=21&id=p3088468987c&a=647996573&listNum=36
PSAR indicator long GDX SIGNAL
Posted by steve101 on 2nd of Sep 2020 at 04:48 pm
PSAR indicator long GDX SIGNAL today: https://stockcharts.com/h-sc/ui?s=$BPGDM&p=D&yr=2&mn=0&dy=0&id=p65798506992&a=478831173&listNum=12
Isn't this a legit signal Matt/Steve?
APPS
APPS Updated View
Posted by steve101 on 12th of Aug 2020 at 11:17 am
https://seekingalpha.com/news/3601562-digital-turbineplus-18_2-after-breakout-beat-in-fiscal-q1
Someone knew this news was coming out as the stock started to run beforehand.
Worth a read. Pattern like
Posted by steve101 on 9th of Aug 2020 at 12:31 pm
Worth a read. Pattern like 1980 and 2011 peaks in GOLD suggests big correction coming: https://www.marketwatch.com/story/gold-is-a-foolish-place-to-put-your-money-right-now-if-you-check-the-facts-2020-08-07?mod=mark-hulbert
I checked the market cap
MMMM - bulletin board stock. Not so easy to ...
Posted by steve101 on 22nd of Jun 2020 at 12:15 pm
I checked the market cap last night on MMMM and it was 5.2 million. That is so tiny.
One of my friends took
Posted by steve101 on 8th of Jun 2020 at 10:44 am
One of my friends took this one, and just sold it. Man. Hundreds of percent in a couple days. https://stockcharts.com/h-sc/ui?s=OAS&id=p20426415085&a=705296120&listNum=99
NUGT has little reversal candle.
Posted by steve101 on 7th of Jun 2020 at 02:17 pm
NUGT has little reversal candle. Looks like a minor 5 wave down move completed in GDX. Maybe wants to make a right shoulder around 34.50. Could set up a little trade in NUGT: https://stockcharts.com/h-sc/ui?s=NUGT&p=D&yr=0&mn=9&dy=0&id=p85513442467&a=486439622&listNum=61
https://stockcharts.com/h-sc/ui?s=TQQQ&p=D&yr=0&mn=9&dy=0&id=p85513442467&a=486439622&listNum=61 Top of the bollinger
QQQ Nasdaq ETF. Breaking out of the {Cup} setup "Blue ...
Posted by steve101 on 7th of Jun 2020 at 02:12 pm
https://stockcharts.com/h-sc/ui?s=TQQQ&p=D&yr=0&mn=9&dy=0&id=p85513442467&a=486439622&listNum=61
Top of the bollinger band on TQQQ. could see a correction soon.
https://stockcharts.com/h-sc/ui?s=SQQQ&p=D&yr=0&mn=9&dy=0&id=p85513442467&a=486439622&listNum=61
Bottom of bollinger band, mild positive divergence on RSI5, and MACD. Retail sentiment on NDX was 85 at the Feb high. From Friday at 90% retail bulls. Rich territory. I can see a falling wedge on a 10 minute chart of SQQQ at bottom of wedge. Looked like a wave 3 peak on Friday in NDX.