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DISCLAIMER: All of ZipTrader, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
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Public Disclosure: Offer valid for U.S. residents 18+ and subject to account approval. See https://Public.com/disclosures/.
DISCLAIMER: All of ZipTrader, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe.
Okay folks, so we're about to have way too much fun. Number one: we need to talk updates on the hottest plays including Squeezers, Amc, and a new runner. Number two: we need to talk about a Timid Charlie play that is finally starting to redeem itself and break out of its timid little shell. Then the main entree.
Oof, we need to talk about a big catalyst that is coming within the next 24 hours. And the only thing that I ask in return for all of this is that you hit that ravishing like button And also don't forget to subscribe either. Okay, let's go ahead and start with Rocket Lab ticker symbol Rklb. Now this is a beautiful rocket launching company that has been launching not just their rockets into space, but also apparently launching their stock price as well.
And this morning before today's run, I said multirunner that received analyst upgrades, revenue increases, and yesterday landed a big new deal likely to have more inflows over the next couple of weeks based on trend and company guidelines, and that push of inflows certainly came a lot faster than expected today. But let me elaborate for a second. This company has quietly been brewing up a storm for weeks, and yesterday, it blew everyone away on their earnings. They reported their backlog of orders grew from 59 million to 141 million, which is almost 3x in just a year.
But if you actually add everything up to the most recent report on August 31st, company reported 174 million in backlog. Why are they backlogging so many orders? Charlie? Well, this is because they've had a string of really, really successful missions like the Us Space Force mission just recently. On July 29th, their deployment of their 100th satellite, their second successful recovery of their booster reusing crucial parts of rockets is paramount to having a successful rocket launching company. If you want to keep expenses reasonable, reasonable, and truth be told, Rocket Lab right now is really just starting to rise in prominence due to its extensive track record.
People were avoiding it before because ooh S Pack scary. Now that it's reporting results, it's become the latest Momentum play. They also have an analyst day coming up tomorrow on the 10th with Deutsche Bank yaya, Deutsche, which should mean more coverage from the analysts and more thinking about it over the weekend, but projections now that it's already run up a lot. Well, rocket companies tend to trade like the rockets they make go up as quickly as they go down.
Rocket companies were always one bad launch away from having a plummet of share price. For folks who follow Astra, you know exactly what I'm talking about. So my take is if you are a momentum trader, hey, trade the fluctuations. But if you're a high conviction trader, wait until the next period of Fud comes out and snap yourself up a good deal.
Okay, so Cei on Tuesday morning We said Cei enjoys Gap up in pre-market to near previous session resistance. Can it break past that and continue its momentum Run From last week, it has followed a lovely and strong stair-step pattern during the selective risk on days we've seen which of course I was insinuating, is the pattern going to continue? and the answer that Ce I gave was an astounding yes. The pattern continued this week and it's continued to run today up more than 30 at heights. And not only that, but with today's run, you actually have short interest up 40 just today, according to Ortex. The sheer level of aggressiveness that we've seen with short sellers these days is not just hilarious, but it's also kind of cute. Like a little child that's angry and having a temper tantrum and can't get his way. So he just makes things worse. Somebody sent me an actual clip of a short seller.
reacting to Cei's update today. Atra had another good day today. Not much new shorts increasing their positions into the uptrend, continuing an overall upward push, I'm expecting some cooling off. Wouldn't be surprised to see a little bit of a breath that would be healthy.
Okay, next, you never guess what stock the Motley Fool wants you to sell today. Well, of course, Oogabooga. Amc. The sheer amount of times that The Motley Fool, as well as a lot of other outlets to be honest, have run articles like this is insane Once again.
didn't mention anything about a short squeeze because why would they? That's only the main reason that people are buying it. I honestly don't understand who clicks these. If you're somebody that hates Amc, you don't need to hear the same damn story that Umc struggled during the pandemic. Movie theater audiences are dwindling.
Popcorn is going out of style. People don't like popcorn because it has butter on it and butter is morally wrong. But anyways, Amc ooga booga making yet another attempt at breaking into the 50s, but it just can't seem to get past that resistance. That's about a lick below the 50 line, and we've been speculating on the significance of 50 since basically its first attempt to break it back on the 24th and it's continued to make attempts, but it hasn't been able to do it.
We've talked about the theory of controlled uptrends, which allows for designated areas where cell attacks take place in order to keep fine pressure restrained within a certain channel. And in terms of evidence for that, this is about as good as it gets. You're a short seller short Amc right now. You do not want this to go above 50.
you are willing to take short-term red paper losses and keep them in your portfolio as long as you need to in order to get people to go home And from your perspective. Hopefully they go home soon. But the minute you start getting higher and higher channels is the minute you get more and more exponential risk. So I don't know.
I'd hate to see what would happen if this broke above 50. that would be that would be a show. Okay, so Gevo now. Gevo finally had a period of redemption today with a new partnership with Chevron, which led Gevo to growing faster than Green Grass through a goose up over 40 percent at highs. Gevo will operate its proprietary technology to produce sustainable aviation fuel and renewable blending components for motor gasoline to lower its life cycle Carbon intensity Spark Notes: Gevo is being used by Chevron to make aviation fuel more clean. Fantastico endorsement of the technology. Big win in terms of a partner for Gevo. Chevron's a Goliath and a great selling point for Gevo to get more partnerships.
Started liking it around 10 11 bucks and it dipped even more. We started liking it even more. I made a price target of twenty dollars and it went down as low as four to five dollars and I still said that I liked it and I thought it was worth averaging down. We've held conviction this whole time and the price target has stayed consistent in our price targets tab.
In the discord certainly still has a ways to go. It's a very active play, but I think the lesson here, at least for me, is that you need to be very, very patient when it comes to your high Conviction plans. We did the work in the beginning of this year and we saw basically what Chevron saw in Gevo, but the rest of the market just wasn't having it. So I think that when it comes to the market, you have to have a certain level of humility and patience, especially when it comes to your time horizon.
My take is that pretty much every stock that you'll ever like is going to have long periods where it does nothing or it sells off. and the only real failure with those is not trusting your own research and your own due diligence and instead just trusting what the hedge funds, Wall Street, and the overall market condition wants you to think the company is worth specifically for people who want to have High Conviction plays. Obviously, right now we're in what's called the Traders market where things run up, not based on fundamentals at all, or based on whether it's a good company they run up based on the greater full theory, which is a mean way of saying other people are buying it so you're buying it and you're trying to anticipate waves of more and more buyers, which largely is driven by squeeze rallies right now in anticipation on that, but also oftentimes can be driven by catalysts of other sorts: Fda approvals, earnings, so on, and so forth. Okay, so now it's time for what you need to get ready for.
So tomorrow, Sprt will finally be having that merger vote, and you saw an 18 rally at highs today in anticipation of that. But the real question is, will it squeeze shorts or will it have a buy of the room or sell the news effect? Well, I don't have a crystal ball, but hear me out. short interest on this right now is ridiculous. Some of the highest in the industry shorts are so hungry on this that they're gobbling up every short they can find. And probably more than that if we're being honest and you know what I mean, you've seen the reversal on Sprt be met with an acceleration of short selling, with current estimated short interest hovering at over 86 percent. Last week, we were talking about how 70 was huge. Now we're at 86 What now? Remember why this matters. If this rallies enough, these shorts are going to be in a rush to buy shares, and right now there's very close to one share short for every one share in the free float.
Now, does that mean that they have to cover? Absolutely not. They can play the deferred game for quite a long time as we know, but the thing is, if you get enough buying pressure, some of the lower average shorts are going to get very, very tense. If you're short this at like 10 or seven or five dollars and this goes up to 30 or 40. The risk of getting margin called goes through the roof, but at the same time there's two different types of short sellers here and again the older, lower price shorts are the ones that are a lot more desperate here.
If you just added to your short position or just started a short position at 20 or 25 dollars, Well, you can afford it to go to 30 or 35 without having that high of a risk of getting margin called. But if you're at six, you're at five. This is a much much more desperate picture. Short sellers for the most part are right here.
In the long run, it's gonna go down. It's gonna go down hard, but they may not even be able to continue to hold their short position if their average is so low that they're forced to cover because of marching calls before that ever goes back down. Now that being said, what's going to happen tomorrow? exactly? Well, if 50 of Sprt shareholders approve the vote, then they will merge with Greenage, which is a crypto mining company. If you want me to say predictions, I'd say that there's less risk prior to the vote than there is after the vote.
The two outcomes are the vote passes or the vote doesn't pass. If the vote passes, there's a strong probability that people buy the rumor and sell the news if the vote doesn't happen or they delay it because they couldn't get enough shareholders to vote, which is something we've seen in a lot of other stocks. Well, then the stock goes down. So I would say the stock is favored to sell off.
After the news, short sellers may increase their positions. They may feel like they're right, they may sleep soundly over the weekend, but then post merger vote and post mergers when you start seeing a show if the new combined entity can hold a high price, all while still having incredibly high short interest. Also, while having much more heightened retail interest, well, I would argue that the best is yet to come. My thought process is that whatever happens tomorrow, this story isn't over.
Anyways, folks that caps off the video. If you have any questions, feel free to reach out to us below or join us on Ziptrader Circle if you'd like to learn how to trade. With our step-by-step lessons, our private chat, and of course our daily morning briefings where we brief on all the latest catalysts, each and every market open morning, Well, I'll go ahead and put a link to Ziptrader you below coupon code Fudstopper50 will get you 50 bucks off before checkout if you're wondering what broker to trade these stocks on, Well, we like to send new traders over to Weeble. They have incredibly fast executions, a great platform, and they're pretty easy to use for new traders as well. They'll also give you two free stocks when you sign up and deposit just five dollars using our link below. So go ahead and check them out if you are broke or curious. Anyways, folks that caps off this video and I'll see you in the next one.
The Macquarie Dictionary defines "ooga booga" as a derogatory noun, meaning: "A stereotypical rendering of what the speaker regards to be the language of those deemed by them to be African savages."Aug 19, 2020
can you talk about marijuana sector please
Charlie… Your the $π¥t!
What is Ooga Booga AMC? Why ooga booga? Is that code for something?
Charlie, loved the short sellers gobbling up profits enactment. Lol.
Literally bought 20k and now it’s crashing even after the good news 🤷🤯
UUGA BOOGA AMC
still buying Gevo, it's so undervalued.
Where is the webull link?
Fyi those who want some money jump into wkey do your dd and see why its going to double
Scalp the hell out of it
👑AMC 👑 THE APLHA ALPHA
AMC!!!!!!!!
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
Would love to hear more on MMAT 😍🙌🙏 thanks for your content 💖
Gevo is a good hold and dip buy
I fill Bad for doing this but I have to grow and it’s hard out there I would appreciate it a lot 🤞if u guys could come and stop by for a quick minute
🤞plz-and-thx🙏
And No I’m NOT a F-ing Robot 🤖 lol 😂
Seeing this one while AMC is above $50 on Friday xD
Charlie you’re hilarious😂
Charlie love your work, please keep it up however please discuss Jumia's condition, what happened to PATH and a new one Gingo Bioworks spac merger coming soon ..
WHY NO ONE IS JUMPING ON SPRT????? WHATS WRONG WITH THIS WORLD!!!!!!!!!!!!!!!!
AMC @ 50.41 right now. been there pretty much since market open.
100% hit that ravishing like button everytime
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