Talking Stocks 2.0

[huncho]

Originally Posted by 7sins

Hope everyone had a wonderful holiday weekend. Great day to start the month of June with continued momentum on our favorite trades. SABR well ahead of my $15 summer forecast, positive another 4.5% today, breaking $14.5 and positive well over 12% in the last two trading weeks. Hope everyone got in the 12s when I was pounding the table on the buy. Nothing but upside here and continues to be one of my largest positions along with favorite recovery trade well under intrinsic value. Interesting almost 20% short position here, higher than AMC, could poise well if shorts need to start covering. TSA screened more passengers last weekend than any weekend since the pandemic started, great news for SABR.

SOFI no selloff post merger, positive 6.5% today on strong volume and I will continue to hold as a rising rate hedge, hoping to get to ATH from earlier in the year - warrants still at a 15% discount. Same with COTY, back above $9, up 2% and hopefully those sold in the 10s then bought back in the 8s. Time to take some gains and buy a watch :)

For COTY, I would pay VERY close attention to the ER from ELF and ULTA last week. YoY comps were OFF the charts, as you would expect and the market reacted very positively. We should see the same for COTY, especially as Europe continues to reopen and be back in the $10s. 2023 LEAPS here are still very undervalued.

I am working on a short quick post for all of you to explain LEVEL 2 data and how to use a stock order book for best trade price execution, hoping to post that later today or tomorrow.

i've reloaded quite a bit on coty after selling pre earnings. got in a bit too early though, probably should've waited for things to settle in but i got in on that monday morning instead. slowly recovering from that though and was able to dca in anyway. this summer should definitely cause a move up in the price with these mask restrictions going away