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    Friday, June 4, 2021

    Home Unlabelled Stock Market - Naked short selling is not ‘us versus them... it’s about going after bad companies’. Jun 4th Friday. Happy WE everyone 🏖

    Stock Market - Naked short selling is not ‘us versus them... it’s about going after bad companies’. Jun 4th Friday. Happy WE everyone 🏖

    June 04, 2021

    Stock Market - Naked short selling is not ‘us versus them... it’s about going after bad companies’. Jun 4th Friday. Happy WE everyone ��

    Naked short selling is not ‘us versus them... it’s about going after bad companies’. Jun 4th Friday. Happy WE everyone ��

    Posted: 04 Jun 2021 03:08 PM PDT

    So will my weekend be, or everyone's?

    Posted: 04 Jun 2021 05:27 PM PDT

    And the waters just keep getting deeper and deeper!

    Posted: 04 Jun 2021 05:38 PM PDT

    BB ��

    Posted: 04 Jun 2021 02:28 PM PDT

    I C A N ‘T believe he said this �� Redditors and moviegoers unite. �� This is insane!

    Posted: 04 Jun 2021 07:22 PM PDT

    I Still have faith in the ape �� community

    Posted: 04 Jun 2021 09:25 AM PDT

    Huge DD on $CLNE. Lots of potential for big gains soon. Reposted:

    Posted: 04 Jun 2021 07:29 AM PDT

    NrdRage's Friday DD: OK, one of you apes needs to lay off the Brussels sprouts. How being wasteful and not caring about the environment saves the environment and earns you tendies because in 2021, down is up ($CLNE)

    Happy Friday all, NrdRage here. You might remember me from such hits as "boy, that semiconductor DD was perfect except for the fact that the market is a casino" or "thank god I bought those Boomer cruise stonks or I'd be giving handies behind a Jack-in-the-box right now because I wouldn't have gas money to make it to Wendy's" or maybe "shit, turns out $PLTR $23 wasn't a joke". And definitely "why is every Friday DD this mother fucker writes telling us to buy leaps?" Today let's talk about how you can take money the government siphons from you to give to clean energy companies, get it back, and....feel good about yourself for NOT recycling? It's true. I present to you: Clean Energy Fuels Corp ($CLNE).

    Let's see if I can scare you away first:

    Little preface to this: I invested heavily into this company in 2008 at the behest of T. Boone Pickens, whom at the time I considered a brilliant man and mentor, only to find out he might have been the bad kind of retarded. It, to this day, represents one of the absolute most face ripping, multi-million dollar losses I've ever incurred (losing over 75% of my investment in less than 3 months). So I'm trying to put my PTSD on this behind me and assume my therapist would say this would be healthy for me. Anyhow....

    Still here? OK, let's talk:

    So who are these guys? Essentially, they're the only natural gas play out there that isn't currently under assault by environmentalists of a certain ideology who somehow consider being able to still use your rangetop or heat your home even if there's no electricity (supposing you have a fireplace) being literally like Hitler. Why? Two reasons. 1, they're natural gas INFRASTRUCTURE for the heavy duty transportation sector, which means they get a pass. 2, through some sort of weird ass voodoo and probably compromising photos of Jesus snorting a line of blow off a 400 pound hooker who may or may not be tucking a dong, they've actually devised a way to transition their product from traditional CNG or LNG to something they call "Renewable Natural Gas" (RNG). RNG is, get this....carbon negative. For enterprises that care about being carbon neutral (Ben & Jerry's), those who want to pretend they care (Amazon), or those who just fear being hit with heavy taxes (literally everybody), this is an amazingly cost efficient and positive optic way to take those steps.

    In short, CLNE makes a carbon negative fuel and has created an infrastructure of refueling stations across the nation for vehicles that run on this stuff - mostly commercial and heavy transport.

    OK, that's bullshit. I mean, I know I learned nothing in my science classes because I spent them rubbing myself under the table imagining what having Mrs. Renfroe ride me cowgirl would feel like as she bounced her sagging tiddies off my face while she openly sobbed about how her ex husband was fucking a 24 year old model and all she got was my punk ass and 2.4", but even I know that sounds like some perpetual motion machine nonsense.

    OK, so hear me out. Picture a landfill. Take a good, looooong whiff. Oh don't act so disgusted - we all know your wife walks around smelling like a mixture of really bad fish sauce and the urine troughs at Yankee stadium, you can handle it. What are landfills amazing at producing? Methane, and lots of it. The same methane your vegan sister-in-law keeps preaching about every time you try to eat a hamburger as she claims that cows are literally Hitler because their methane farts are ruining the environment. I'm not going to go too deeply into the maths because I know you smoothbrains can barely read, but there's a measure out there called "Global Warming Potentials". The higher the number, the worse the gas is as we ignore the fact that Mother Nature can decide to facefuck us any time she wants and regulate our shit. Methane comes in in the mid term at about 30 GWP. That's a bad number.

    So what the fuck do we do with it? Well, most landfills today have built infrastructure under the landfills to harness it to power the landfill itself, but the landfills still produce WAY more than can be burned off for energy. Enter $CLNE. They've figured out a way to harness methane and convert it into RNG, which has a GWP of....about 1.1-1.3, if I remember correctly? I don't feel like going to the EPA site to check on it, but it's a monster drop. AND on top of reducing its GWP, it provides fuel. That's some Star Trek shit right there. And since the landfills have no use for anything beyond what they need to power the landfill itself, they just give this shit away so they don't have to pay carbon taxes. So, $CLNE takes gas nobody wants, converts it into transportable fuel, fills tanks full of it, and charges trucks to fill up with it.

    TL:DR: The more you don't recycle and throw shit into landfills, the more methane that can get created, therefore the more clean energy that can be produced = math says stop recycling.

    There is, of course, another way to collect methane: You could just put butt plugs in every cow out there that trails back to a collection facility. But the tubes get all tangled up and if they clog, it blows up the cow. It's not really catching on for those reasons. Or you can take cow/pig shit or, more accurately, your own shit from the wastewater recycling plant and turn it into this stuff.

    (Just remember that even if you do recycle, in most major cities it just ends up in the landfill anyways, they just don't advertise it because it took them so long to condition you to do it).

    As to scalability, this is the most recent data on where you convert this stuff, so there's a lot of room to scale these operations out:

    ​

    Fart and rotten Wendy's collection

    ​

    Fuck this, man. ELECTRICITY is the futurez! Nobody's gonna buy this voodoo sauce

    OK first off, I own a fucking Tesla. You know how long it takes to recharge that thing even at a supercharger station? That might be fine for a commuter vehicle, but when you're talking long-haul trucks and delivery vehicles that have to be on the road constantly in order to do their job, stopping for 3 hours to recharge just isn't fucking feasible. You pull into a Clean Energy station, you're in and out in less than 8 minutes and back to forging your driving logs because you're getting paid by the mile and if you run some soccer mom in a Mormon Assault Vehicle off the road, killing her and her 14 fucking crotch droppings, well, that's just the cost of getting 38 cents a mile beyond the 8 hours you're supposed to drive without a break.

    Oh, let's also not forget that states like California can't even provide enough electricity for the people already there, let alone trying to put the entire transportation sector on their shit ass infrastructure, as well. Hollywood celebrities can tell you to suck it up in your shitty 2 bedroom apartment in Carson City while they go for a dip in their Olympic swimming pool, but that shit ain't gonna fly in the business world.

    OK, enough science, fucker: TENDIES MAN, how am I getting them?

    For their full year their EPS came in just below 0 on 241 million in revenues. They're projected to do about 330 million this year. Historically, this company has been a huge money loser. Everybody thought they were going to change the world in 2008-2012, but nat gas powered vehicles never took off because the infrastructure was just never there to make it something viable. That was before the taxman started skullfucking industry and before they made magic go-juice, though.

    $CLNE is (as of this writing) trading at a ridiculous price of 12.20 for a market cap of 2.4 billion dollars. In the last month, the stonk is down over 33%, dragged down largely by the fallout in all things renewable because everybody lost their shit when Texas's windmills froze over and it turned out solar panels don't work with a foot of snow on them. The last week or so they've been getting dragged down by the broader market for no god damned good reason whatsoever, which is why I'm picking today to talk about these people - the entry point is just too damned good.

    Let's examine some of their recent wins:

    • Amazon recently created a pilot program by which they are buying 1,000 RNG powered vehicles for their fleet. $CLNE did something brilliant a few years ago to put themselves in the position to be the ones who fuel these machines by building their refilling stations right next to Amazon's warehouses
    • In February, they signed a contract with the Los Angeles Metro system to provide over 47 million gallons of RNG to their bus fleet
    • Their lobbyists successfully got congress to pass an alternative fuel tax credit
    • They've partnered with $BP to not only expand their development of RNG fuel, but to also commission BP to put RNG fillers at their existing gas station infrastructure, to be managed and operated by BP but with most of the revenue coming back to $CLNE. BP gave them something like 50 million dollars for the privilege (that number is close; I don't feel like looking it up)
    • They partnered with Total just yesterday and got t hem to do the same thing with regards to creating RNG production facilities and help build out the refueling infrastructure. Total is going to give them 50 million dollars to assist in this, and will be providing fillers for RNG at their stations. These two companies have also created a "Zero Now" program by which the price of RNG is tethered to the cost of diesel, thus making it no more expensive to use RNG than it would be to use traditional diesel powered big rigs. This project is expected to be finished by 2025.
    • In December alone, they signed contracts to deliver 58 million gallons of RNG.
    • Not directly related to CLNE, but Cummins Westport recently came out with the ISX12 G RNG engine to go in its heavy trucks to further growth and demand in this segment. CLNE, as the only provider out there with a nationwide infrastructure to deliver this fuel, stands to receive the lion's share of the money that goes into fueling these vehicles.

    The Total and BP contracts, in particular, haven't had a chance to be baked into the stock price. Further, the scalability of this product .

    Technical analysis:

    If we look at the daily chart since it started moving last year, we see a couple of indicators. Pardon the unclean line drawing, but I don't care enough to spend 10 minutes getting it exact. These charts are as of about 2 o clock Friday morning, so they will be slightly outdated by the time this posts.

    ​

    Daily

    Daily

    Couple things we see here. Ascending support and resistance during its move up, a large gap up which went into a descending triangle pattern. If you look at the second-most circle from the right on the upside, you see it hit the wedge of the consolidation which typically would have signaled a breakout to the upside. However, Melvin and the rest threw the market into chaos, and it broke hard to the downside to where it's now testing support levels from months ago which - thus far - have held, bouncing right off of them twice now. The light blue line represents the 20 day exponential moving average, the dark blue line represents the 50 day SMA. As you can see, the stonk has been consolidating in another wedge pattern entered in from the top which, again, in normal circumstances would signal a break to the upside. In this clown car though, who knows? If this selloff continues much longer, don't be surprised to see this thing fall all the way down to about 10.50, at which point I'd recommend selling off your children to go all in on it. But if there's any sort of end to this correction, it's going to rocket northbound.

    And if we go from a daily to a 4 minute chart, you see flat support and descending resistance in a period of consolidation, which is usually a pretty good bull flag. However, I would put zero faith in it holding because of this extended selloff.

    ​

    4 minute

    ​

    So, to summarize:

    • $CLNE is uniquely positioned to capitalize on the green energy wave, and will undoubtedly be given a fuck ton of cash from Joey Buyden and the rest of the smooth brains controlling our money as part of their agenda
    • They've solved their free cash woes that have hampered their ability to scale by hitching their wagons to cash-soaked oil companies who want to stay ahead of the curve in the demise of their product and also want some good PR points
    • They've got big vendors like Amazon and the California Republic of Union Corruption to give them piles of money for their product
    • They have a product that legitimately addresses global warming concerns, not just makes up some shit and slaps a green label on it.
    • The reason your wife doesn't have a boyfriend is because you've really gotta show her a Massengill commercial. You kinda smell like dogshit, too. Maybe stop flinging poo.
    • One potential headwind this stock faces is that the transport industry is notoriously slow to adopt new technologies. Converting fleets from diesel to RNG is going to be a lot like asking your boss for a 2% bump in salary after they fire 4 people and give you all their work and expect you to say thank you. If the government properly incentivizes fleet upgrades to where everybody gets on board, though? Look the fuck out.

    Price Targets:

    Again, this is hard to peg right now because the market is flat-out broken, but if sanity returns....I'm thinking $17 by late May. One year price target...31? That places it at a premium compared to the sector, but every sector has a stonk with a story good enough that the fundamentals stop mattering quite so much. This would very likely be a strong candidate for theirs.

    How do you play it?:

    In a perfect world, I'd say go balls deep in short term calls and just let it melt up - and that was 7 dollars ago. But again, this market isn't normal. Aim for June expiry outside the money. Those 13's I have (well, that you'll know I have in about 10 seconds) are really, really nice and at the same price I bought them at a week ago. Given where it presently sits right at its support level, if you wanted to gamble it, I'd watch it on the opening bell the next few sessions and see if it just absolutely spikes off that support, which would be a good sign it's going to continue ripping. This is not financial advice.

    Position disclaimers:

    • 600 6/18 13c's I bought on the dip of the dip of this dip that I'm presently at dead even money on
    • 500 6/18 20c's that I'm 66% under on but am not willing to write off because I think a rebound is in play. Which is unusual - usually when I get this far underwater on a trade, I cut bait. But I also don't consider them free money like I did the day I got them.
    • 50,000 shares at an average price of $8.23. I peeled off 10,000 shares recently to cover some of these options.
    • I am not presently looking to expand any of these positions, nor will I average down on any of the calls, as while I have a lot of faith in this particular company, I lack that faith in the market and I've seen good companies dragged down into the abyss for no reason far too frequently recently.

    All my love,

    -Chad Dickens

    submitted by /u/beat-box-blues
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    Rich nations 'millimetre away' from 15% global tech tax deal

    Posted: 04 Jun 2021 02:30 PM PDT

    O vs NNN in term of Diversification

    Posted: 04 Jun 2021 03:37 PM PDT

    Market Close 6/4

    Posted: 04 Jun 2021 01:01 PM PDT

    Why TLRY Price Action Yesterday Made Me Buy More

    Posted: 04 Jun 2021 06:26 AM PDT

    Yesterday may have been a more nerve racking time with TLRY after expecting a huge run up for most people, as we expected TLRY to moon.

    Here is an explanation for the movement from yesterday.

    ​

    Starting out with the first 15 min of the day, we hit our first target of 22.05 which was a big resistance level according to the volume profile.

    After fighting to continue upward, TLRY responds with heading down to 19.10 to fill the gap from premarket.

    ​

    This movement from TLRY then caused somewhat of a panic to its holders due to a three-point drop, which ended with forming a flag until after hours.

    This is the best set up we could have gotten for continuation.

    ​

    Relative Volume was up 3.60.. 84 mil volume yesterday, 25 mil volume on average.

    We have filled the gap with volume coming in. The ideal play for today is to shoot past the 22 resistance level and head for the next target at 24.42

    ​

    Hold strong and have patience!

    submitted by /u/MoistBands
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    WKHS HUGE POTENTIAL. This week was proof. Lets get it back to $40!!! Buying the Friday dip. Good Support Zone today around $13

    Posted: 04 Jun 2021 08:18 AM PDT

    Here is a Market Recap for today Friday, June 4, 2021

    Posted: 04 Jun 2021 01:53 PM PDT

    PsychoMarket Recap - Friday, June 4, 2021

    Stocks rose today as investors digested the May Job Report, which showed non-farm payrolls rise by less than expected for the second straight month. Market participants seem to be interpreting the back-to-back miss in job gains for two consecutive months as meaning the Federal Reserve will keep the current accommodative monetary policy in place until the labor market shows robust signs of improvement.

    The Labor Department's May Job Report showed the economy gained 559,000 non-farm payrolls, a substantial increase compared to April but still below estimates of 650,000. For months, the Federal Reserve has consistently reiterated it wants to see a "string" of strong labor reports, like the one in March, before policy adjustments are seriously considered. This is why technology and growth stocks, which would be affected the most by potential adjustments in policy, outperformed today. Former Chase Chief Economist Anthony Chan said, "What I see here is somewhat of a 'goldilocks' overall economy. I see that employment is increasing. With regard to the reason why the market is excited, it's because it's telling us that the economy is not blistering hot, that it's actually going to be opening up pretty gradually. I think that's important."

    Recent economic data has been good overall. A stronger-than-expected ADP private payrolls report and weekly jobless claims report released Thursday each underscored firming rehiring trends across the economy, with a smaller share of individuals becoming newly unemployed for pandemic-related reasons. Another wave of vaccinations has taken place, reopenings have picked up, and businesses have been scrambling to bring back workers to keep pace with surging demand.

    Federal Reserve Bank of New York President John Williams said that the economy was "still quite a ways off from maintaining the substantial further progress we're really looking for in terms of adjustments to our asset purchase program."

    Highlights

    • Marqeta Inc. (MQ), plans on IPOing soon at a valuation of $12 billion offers card-issuing technology that lets businesses build out these functions. The company's largest client is Square (SQ), which accounted for roughly 70% of revenue last year.
    • Square (SQ) is considering making a hardware wallet for bitcoin, CEO Jack Dorsey, said in a tweet. (Jack Dorsey is also the CEO and co-founder of Twitter)
    • GE CEO Larry Culp says the deal to combine its jet-leasing unit and GE Capital Aviation Services with rival AerCap (AER) remains on track to close later this year or early next year.
    • Twitter (TWTR) on Thursday said it will roll out a new subscription product initially in Australia and Canada called Twitter Blue, which will let paying users edit their tweets before posting and change the color theme of their app. Twitter has recently been making big pushes trying to raise revenue
    • Taiwan Semiconductor (TSM) is moving ahead with $12 billion plans to build a new semiconductor factory in Arizona. The US government has been aggressively pursuing semiconductor companies for investments, looking to secure its supply of semiconductors. Intel (INTC) also recently showed plans to also build new factories in Arizona.
    • Sorry, no price target upgrades today
    submitted by /u/psychotrader00
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    Made the first biggest mistake of trading so far.

    Posted: 04 Jun 2021 10:27 AM PDT

    It was one after the newbie mistake after another.

    Bought apple shared on a day shares were high thinking they would increased in the middle of the day. (apple @127 and Amazon @ 3248)

    Suffered for one week seeing Apple and Amazon hitting new lows.

    Read news articles about apple going down Further.

    Lost hope in the stock.

    Could have DCAd but was so afraid to invest any more money in the stock.

    Saw the red yesterday and lost all hope finally.

    Finally today morning, sold it all at 125 taking a 70 dollar loss.

    Apple then went up to 126.

    Warren buffet said "the stock market is a mechanism to shift money from the impatient to the patient".

    Still red on amazon though. Will breakeven at 3230. Hoping for the best. Will hodl this time. :(

    Feeling pretty bad.

    submitted by /u/xxxmadness
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    Wk 11 1k portfolio

    Posted: 04 Jun 2021 02:36 PM PDT

    Top 25 Investor Quotes

    Posted: 04 Jun 2021 02:28 AM PDT

    The key is to wait. Sometimes the hardest thing to do is to do nothing.

    David Tepper

    The loss was not bad luck. It was bad analysis.

    David Einhorn

    I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have

    Paul Tudor Jones

    The way to build superior long-term returns is through preservation of capital and home runs...When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.

    Stanley Druckenmiller

    Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.

    Carl Icahn

    The trick is to take risks and be paid for taking those risks, but to take a diversified basket of risks in a portfolio.

    Jeffrey Gundlach

    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

    George Soros

    Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with him just because he constantly begs you to.

    Benjamin Graham

    People should be highly sceptical of anyone's including their own, ability to predict the future, and instead pursue strategies that can survive whatever may occur.

    Seth Klarman

    Investing is a business where you can look very silly for a long period of time before you are proven right.

    Bill Ackman

    Everyone has the brain power to make money in stocks. Not everyone has the stomach.

    Peter Lynch

    One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."

    Jim Rogers

    I've seen a lot more go to zero than infinity.

    James Chanos

    The only thing I do know is that from chaos comes opportunity.

    Daniel S. Loeb

    The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don't. It's just that simple.

    Charlie Munger

    We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.

    Wilbur Ross

    Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.

    John Templeton

    To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

    Jesse Lauriston Livermore

    Charting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.

    Ed Seykota

    I always laugh at people who say "I've never met a rich technician" I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician

    Martin S. Schwartz

    What you will be looking for is a day that closes above the prior day's high and most likely 'breaks' out to the upside to close above a trading range. This is the twitching worm that causes the public to leap before they look.

    Larry R. Williams

    Time is more important than price. When time is up price will reverse.

    William Delbert Gann

    It does not matter how frequently something succeeds if failure is too costly to bear.

    Nassim Nicholas Taleb

    Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot.

    Joel Greenblatt

    There are no bad days in the market. When the market is down, you've got bargains, and it's lovely to think of what you are buying at low prices. When the market is up, the bargains have gone, but you're rich.

    Bruce Greenwald

    submitted by /u/Lyman-Zerga
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    IDEX loss, but did not sell a single shares. I believe IDEX will go up to 10 at the end of this year.

    Posted: 04 Jun 2021 08:24 PM PDT

    LULU has done very well since IPO.

    Posted: 04 Jun 2021 08:22 PM PDT

    SP500 Winners and Losers

    Posted: 04 Jun 2021 08:20 PM PDT

    SP500 - Winners and Losers 6/4/2021

    Winners
    Winner of the day by sector:
    Sector | Company | Ticker | % Price Change
    1. Industrials | Generac Holdings Inc. | GNRC | 3.48%
    2. Health Care | Biogen Inc | BIIB | 4.99%
    3. Information Technology | IPG Photonics Corporation | IPGP | 4.03%
    4. Communication Services | TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock | TTWO | 3.78%
    5. Consumer Discretionary | Tesla Inc | TSLA | 4.58%
    6. Utilities | Ameren Corp | AEE | 0.67%
    7. Financials | T Rowe Price Group Inc | TROW | 1.55%
    8. Materials | Albemarle Corporation | ALB | 3.19%
    9. Real Estate | Equinix Inc | EQIX | 1.07%
    10. Consumer Staples | J M Smucker Co | SJM | 1.41%
    11. Energy | Phillips 66 | PSX | 2.54%

    Losers
    Loser of the day by sector:
    Sector | Company | Ticker | % Price Change
    1. Industrials | American Airlines Group Inc | AAL | -2.53%
    2. Health Care | Organon & Co | OGN | -7.70%
    3. Information Technology | DXC Technology Co | DXC | -1.16%
    4. Communication Services | Lumen Technologies Inc | LUMN | -1.60%
    5. Consumer Discretionary | Under Armour Inc Class A | UAA | -1.94%
    6. Utilities | NRG Energy Inc | NRG | -1.14%
    7. Financials | Regions Financial Corp | RF | -1.35%
    8. Materials | Mosaic Co | MOS | -3.66%
    9. Real Estate | Kimco Realty Corp | KIM | -1.89%
    10. Consumer Staples | SYSCO Corporation | SYY | -0.85%
    11. Energy | Diamondback Energy Inc | FANG | -0.81%

    submitted by /u/Engineer_Economist
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    Anyone else checking out $RMED today?!

    Posted: 04 Jun 2021 10:35 AM PDT

    AMC Afterhours 6/4 Technical Analysis (to the moon)

    Posted: 04 Jun 2021 04:14 PM PDT

    Market Status: 6/4/2021

    Posted: 04 Jun 2021 03:56 PM PDT

    Market Status: 6/4/2021

    Market Status: Uptrend (4/5)

    (Distribution day - A sell-off day where the market closes lower than the previous day on higher volume)

    Though yesterday gave us a scare, we survived the week, remaining in a general market uptrend. Though most distribution days are in the less significant zones for both the $SPY and $QQQ, there are quite a few of them, and gaining two or three more next week could tip the market over to the downside. For next week, we have only one distribution day scheduled to fall off both the $SPY and $QQQ, so it will serve as a significant week to see the continued strength of the market.

    ​

    The current market activity is due to its approach of the resistance lines for both the $SPY and $QQQ as they reach their all-time-high marks. Perhaps there will be a lot of breakouts in the upcoming weeks? (not hopeful on next week)

    There is also the side of sell-offs as people try to recoup what they lost or make profits. There is absolutely no way to know until it happens, so keep your stop-losses armed and ready.

    ​

    https://preview.redd.it/ow1k3jtwwb371.png?width=1080&format=png&auto=webp&s=388b8db7f154ee3abbf182efc31da128c944a91c

    submitted by /u/Fly-Elevated
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    BLACKBERRY STOCK GETTING PUMPED BY WALLSTREET BETS

    Posted: 04 Jun 2021 07:33 PM PDT

    $BSPE Vintage Wine Estates – The SPAC you never heard of!

    Posted: 04 Jun 2021 07:33 PM PDT

    I brought Reddit $FRX and $MUDS first! This one I hope rockets as well.

    Why I went all in on Wednesday. After all the arbitrage games of keeping SPACs pinned to 10, looks like it is breaking out! See my photo.

    Business Background:

    · 10-20 dollar wines is their sweet spot (5% seltzer and hopes to expand into hard cider).

    · 35% of biz is direct to customer (they did well during pandemic)

    · Also they make wines for Costco, Target, etc. under their labeling.

    · Also they have a B2B with tasting rooms and restaurants which is roaring back.

    · Enterprise value is 680M and 21 revenue est. is around 200M.

    Trading Plan:

    · Merger vote happened but did not go below NAV.

    · Ticker change Tuesday on June 8th and theme has been rev generating companies doing well de-SPAC. $SKIN $BARK $SOFI.

    · If we get a major rip, I will sell. If not, frankly just don't see much downside when they own 900 acres, long term leases of thousands of acres, own factory, and have many brands with a strong omnichannel presence. They can borrow very cheap, have low debt, and will grow. So don't mind waiting it out if my trade does not work. 680M is nothing in this market!

    Why:

    · Stockcrusher, VetTech, M-SparCapital are pro traders who manage money on FinTwit and I trust their DD. Retail is not involved at all - yet. Only 110 watchers on Stocktwits. Get in early and frontload institutional investors who will want to buy after de-spac.

    · Duckhorn $NAPA (similar company) IPOd in March of this year at 15 and in a few days hit 20. Barrons article said if BSPE were valued similarly, shares could rise by 80% or more and that all SPACs being out of favor represent an opportunity. They will have earnings on June 7th, one day before $BSPE becomes $VWE and their stock keeps going up!

    · Also, they do a lot of M&A (lot of brands under Vintage, one big hit could change the game for them i.e. Bear Claw or Celsius type of drink). They said since most small wineries suffered w/o direct to customer biz during the pandemic they are seeing more attractive buyout offers. They said their guidance has been conservative and have deals to announce after de-SPAC (expect organic and more inorganic growth than guidance).

    · SPAC sponsor is Paul Walsh who CEO of the largest spirit company Diageo for over a decade (famous for branding Johnnie Walker (created billions of shareholder value and everybody involved knows this industry)

    · President of Vintage Wines, Terry Wheatley is also chairman of the 2d largest cannabis company in CA and they have cannabis infused drinks ready to go upon fed legalization.

    · Final bonus, if you own 1000 shares, you get free wine tasting for 4 at any of their 12 rooms across CA and 25% off on wine purchases. Sign up on their Shareholder Passport and see investor presentation at www.vintagewineestates.com

    submitted by /u/Buddy723
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