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Trade of the Week - 9/5/22

Posted on 9/5/22 at 6:33 pm
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 9/5/22 at 6:33 pm
My NERV short was good enough to take it down last week @ 5.4%, however if you played it right you could have made 30% on both sides of the pop and drop.

quote:

I'm gonna go with NERV (short)

Purely technical. Up 300% in the last month. Hoping for a gap up open coming off the squeeze hype last Friday, then ride this back below $10 to close the week. Maybe even retest that 200 EMA below $6.


Post your ticker for trade of the week and a short explanation (technical or fundamental) why you like it this week.

Largest gain from Tuesday's open to Friday's close will be crowned the weekly winner. Special props will also be given for the ticker with the highest intraweek pop.

No duplicate tickers; first come first serve.
Long or Short positions welcome.
No option plays.
No OTC stocks.

Deadline to submit your pick is pre-market open tomorrow.

Good luck!




Picks and Opening Prices

SlidellCajun - VRTX 281.70
lsufaninca - SQQQ 47.08
Ford Frenzy - TQQQ 26.76
LSUOFFSHORE - LQMT .1001
CecilShortsHisPants - PTON 9.36
ATLsuTiger - DOCU (short) 54.64
ynlvr - ENVX 19.65
el Gaucho - INDO 7.95
This post was edited on 9/6/22 at 8:36 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
10404 posts
Posted on 9/5/22 at 8:09 pm to
Going with Veryex pharmaceutical VRTX
Price @281

Biotech company with specialty in Cystic fibrosis treatments. 2nd quarter sales up 22%. 3 year earnings per share growth over 30@%

Promising liver and kidney treatments on the way.
This post was edited on 9/8/22 at 4:59 pm
Posted by lsufaninca
bay area CA
Member since Feb 2013
33 posts
Posted on 9/5/22 at 9:05 pm to
I have been in cash the last few weeks. I am thinking about SQQQ and either UNO OR UCO. September is traditionally the worst month for stocks so SQQQ makes sense although we could have a small rally knowing my luck.

UCO 2X bull oil stock. With crude sitting at $89 right now it should jump to low 90's. The range over the last month has been 92-86.

UCO - with Russia withholding gas and winter coming it seems like a good play. I am a bit worried that this has already been priced in so will keep a tight stop loss.
Posted by Ford Frenzy
337 posts
Member since Aug 2010
6876 posts
Posted on 9/6/22 at 12:39 am to
I think TQQQ hits this week after the sell off lately
Posted by LSUOFFSHORE
Madisonville,LA
Member since Nov 2007
522 posts
Posted on 9/6/22 at 1:25 am to
LQMT, yes OTC so downvote away. Looking at the Apple Watch Pro/Rugged case potentially made of the alloy.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
2839 posts
Posted on 9/6/22 at 2:26 am to
I’ll shoot the moon...
PTON Nearing All-time low. One day, they’ll face reality and sell to Amazon, Nike, Apple, among others, and if it happens this week, I win.

Definitely not betting on it though
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 9/6/22 at 3:51 am to
DOCU (short)

Earnings on Thursday
Posted by ynlvr
Rocket City
Member since Feb 2009
4587 posts
Posted on 9/6/22 at 7:26 am to
ENVX

It may be time for ENVX to benefit from the hot and cold lithium run as it enters the vehicle market after focusing on wearable/mobile products
Posted by el Gaucho
He/They
Member since Dec 2010
52977 posts
Posted on 9/6/22 at 7:31 am to
Indo
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 9/6/22 at 8:49 pm to
Picks and Opening Prices

SlidellCajun - VRTX 281.70
lsufaninca - SQQQ 47.08
Ford Frenzy - TQQQ 26.76
LSUOFFSHORE - LQMT .1001
CecilShortsHisPants - PTON 9.36
ATLsuTiger - DOCU (short) 54.64
ynlvr - ENVX 19.65
el Gaucho - INDO 7.95
Posted by Ford Frenzy
337 posts
Member since Aug 2010
6876 posts
Posted on 9/6/22 at 10:24 pm to
While I love this thread way more than my pick, I think we should consider not counting the leveraged ETFs in the weekly picks
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
4977 posts
Posted on 9/7/22 at 3:34 pm to
SHORT DWAC----its just too easy
been doing it since it was over 100
Posted by FLObserver
Jacksonville
Member since Nov 2005
14459 posts
Posted on 9/7/22 at 3:38 pm to
Knew i should have picked ASAN. This thing was in the 100's a year ago and just had good earnings. Great software that will be pushing 100 again in a year or so. I already own and plan on buying more.
Posted by LSUOFFSHORE
Madisonville,LA
Member since Nov 2007
522 posts
Posted on 9/7/22 at 9:51 pm to
quote:

Looking at the Apple Watch Pro/Rugged case potentially made of the alloy.


Swing and a miss…
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