Okay folks, lots to talk about and lots of violence all around. The tech and growth sector have been on fire. with the Nasdaq and Ark funds continuing to strongly outperform the dow in the S P and the Oogabooga Ape Index got very, very close to retaking the 60s today. This is amidst the strong box office for Fast Nine and despite the fact that other movie theater stocks saw sell-offs today.

Wait, other movie theater stocks ape? no understand. Other movie theater stock apes. Smooth brain only no buy hold. Amc Ape.

Just huddle and no question. Oh Ooga Booga Ape. But anyways, folks in this video, I want to violently break down the high conviction plays of ours that are exploding and ones that I believe have a lot more room to continue. And before we get into this video, the only thing I ask of you in return is that you hit that ravishing like button.

And also don't forget to subscribe either. Okay, in terms of explosions, Evs are really on fire. Usually you'd expect that explosions and fire aren't good when associated with an Ev company. But not today, folks.

not today. Let's go ahead and start with an update on Lee, who is up a chunk today. This was a high conviction play that we've held our zip Trader U price target at 35 consistent with despite the fud and with it in spitting distance of 35 dollars after just a short while ago being at 1575 back on May 11th, this has really been quite a ride and really emphasizes the importance of having a price target. Price targets give you an opportunity to see the bigger picture instead of getting caught up in the day by day movements, how many people buy a stock and then it goes down for three days.

I'm like, oh my God. I was an idiot. I'm gonna sell out at a huge loss now folks. A lot of times you just have to make sure that you're holding out and being patient and you're buying something that you believe in.

Then there's something really beautiful about putting in the work on a stock that you believe in and believing in it, despite everybody saying that it sucks. oftentimes just you putting the work in and thinking for yourself and realizing something before the rest of the market realizes it. and then just being stoic and waiting for the market to wake up to it is really the most rewarding thing both psychologically and in the account. And over the last month, the market has woken up to Lee.

That being said, hey, my Price Target has been held at 35 and we're within spitting distance of that. In terms of whether I'm going to upgrade this Price Target, Well, here's the thing. Lee is going to be reporting deliveries on Thursday. Truth be told.

as you know, I've been a lot more conservative with Lee and Lee's Price Target specifically because of the fact that I was worried about its production capacity and capabilities of surviving the ship shortage. I didn't think Lee was going to fail, but I thought it was going to take a lot longer than, say, Nia or Xpev to really come out of this. and deliveries on Thursday could prove that wrong. and I'd be very, very happy to be proven wrong here.

But I'm not going to upgrade this until we see a very, very good beat on deliveries. It's very possible that Lee needs a couple more months to actually start getting its deliveries back on track, and that's fine. We can give it that time, but I'm not going to upgrade the Price Target to another level if it doesn't deserve it. Okay, next Neo Neo up about 10 at highs Today and just last week in our ad money to video, we talked about how the technical pattern of back and forth trading on the chart made us believe that we were setting up for another rally, and that has indeed come true.

The technical pattern has continued helped in anticipation of Neo Power event as well as deliveries that we were talking about. But let's be real, the big reason that we like Neo is not because of pre-anticipatory runs or because of the chart. We've spent a substantial amount of time breaking down the fundamentals of Neo and why there's so much potential for this company. In a video that we did about 60 days ago, we went through every single quarter Neo had as a public company.

their deliveries, their rising share of an increasing market, their production capacity, and I explained why. I believe that Neo success in the market so far indicates a very strong likelihood that it's going to continue to be successful in the years to come, and despite what the media is saying and all the fun that's being spread around isn't going to be ruined by the short-term chip shortage, and that at the end of the day, Nia was going to trade at a much, much higher valuation. Now this is the play that we've covered for years, and we've slowly built conviction in that's why when it goes down 50, when it goes down 70, and then when it goes back up, we're not freaking out. We're thinking, hey, wait a second.

Every single dip is a huge opportunity if you believe in the stock. Because we have such a huge focus on growth stocks, that means that all of our players are always going to have dramatic increases and decreases. The goal is to get the overall direction right so that you can seize on the decreases when they're actually going to bounce back later on. How many cycles has Neo been up and down over the last two years? Alone? many, many times? And every single time, it's the same thing.

Ah, Neo's a scam. Ah, you know everybody's a genius in a bull market, Charlie? are you stupid? Neo only goes up because people are buying Neo if people weren't buying it, then it would go down. And folks, this is why I love the growth sector so much. because you get to play with really exciting companies, you get to do a lot of work, and you get to be really, really tested frequently on your work.

And if you do it right, there's huge rewards, folks. There's nothing more to build your discipline and your emotional stability really than the growth sector. But anyways, banter aside, Neo, I happen to see as the leader in the premium Ev sector and my Zip You target price on it is 70.75 and similar to Lee, they are also going to be reporting deliveries on Thursday, and as I said last week, I do have high expectations for Neo's deliveries. They did have a Slo-may report because of the chip shortage, but they said that they're going to be making up for that in the upcoming months.

So I'm fairly optimistic that they're going to beat expectations if not this month, and certainly next month. But I think this month is going to be pretty good. I don't think they're going to let us down. Obviously, for folks who haven't heard us talk about Nia before, there's really just four reasons that I like it.

Number one is a massive track record of proof of concept. The market potential in China and in Europe is huge for Neo, and I'm very excited to see them continue to meet a lot of that demand. If you can find a company that has the production capacity and track record to meet massive amounts of demand, and the proof of concept to show that there actually is demand for that product, Well, that's about as good as it gets in terms of a company, especially if you could buy it at a discount because everybody's freaking out about some short-term fud. Now aside from that, on July 9th, Neo will be having something called Neopower Day.

On this day, Neo will showcase their products, their technologies, and plans for future growth. New announcements and advancements of, say, charging stations, battery swapping stations, battery range, different products, different products and technologies are going to come out on that day, And as with most things in the stock market, the anticipation is probably going to be better than the actual thing, but hopefully we can get some good surprises on the actual thing as well In terms of entry price, the only time that I think it makes sense to buy a high conviction play is if there's a lot of relative room to your price target. If you find a stock fee you're really liking, you want to marry the stock. You think this stock is the best thing since shredded wheat.

Well hey, at the end of the day, if that stock is trading at 85 dollars and your price target on it's like 90. Well, there's not much upside there compared to the downside, you'd be better off buying something else where your price target has like 50 or 60 or 70 percent of upside. With Neo, it happens to be the latter case for me and obviously I have my own price targets list. But at the end of the day you have to sit down and make your own price targets and expectations and plans for these plays or else you're going to panic every single time it sells off.

You have three red days and all of a sudden you're like up up. Okay, well, I screwed up. These are some of the most aggressive plays in the stock market and that means both sides, so you have to be prepared and you got to have a conviction in what you're buying if you're going to just buy and hold and at the end of the day, hey, you don't want to buy when the buying button is hot from everybody else pushing it. Today was an example of the day where buying pressure was hot.

The technical pattern suggests that we're going to get another sell-off in the next couple of trading periods after that. Hey, maybe that's a better entry price for you. Okay, so Cciv Cciv. We have a long past with.

On January 12, 2021, we talked about how rumors were going around that a small S Pack called Cciv would be taking Tesla competitor Lucid Motors public. I made the case back then for why I thought they'd end up getting the merger. And because of that, we talked about how plain a pre-anticipatory run up to that actual confirmation of a merger was a great opportunity. And then after the post-hype sell-off you could play the next run up to the actual merger itself.

What If I told you that this company is about to go public via Spack and that there's a huge opportunity for us to ride intense price strength well, then we'd be talking about Lucid. Motors. Lucid will be much more valuable to us as an anticipatory S-pac than it will be as a long-term investment. At this stage, I think that after the merger, if we get a huge beat down and the deliveries go well, well, I'd consider it as a longer term position, but at this point it's a little too early to say I see this easily going to the high 20s, low 30s if Lucid and Cciv actually do merge.

But of course, there were a few problems with the analysis. Number one, it ran a lot higher than the 20 and 30s price target. In fact, just a few weeks later, it ended up hitting 64. Before we even got the confirmation of a merger, I obviously didn't foresee so much buying pressure, but I wasn't complaining about it either.

It just happened to be at the time of the year where everybody was buying things in mouse and there was a ton of euphoria. I guess that goes back to being lucky and being in the right place at the right time. But on the flip side, the downside of rallying so much is. hey, it also made it a much much bigger dip candidate for after that hype cooled off, which is what ended up happening.

Of course, there were other factors here that I didn't see coming. I also didn't foresee Cciv changing the S-pac details at the end. that kind of screwed over S-pac holders. A long story, but basically the reports that the media presented as fact leading up to the announcement strongly were misleading.

And what ended up happening was that the valuation of the final lucid deal delivered a ton more risk and less value to Cciv holders. And of course, this happened to be at the same time with the inflation trade and the S-pac fudge started. But anyways, now we're past all that and we're in this later stage that we were anticipating back in January where we're after a sell-off and we are in the stage of anticipation up to a merger itself. And obviously we've done some fundamental breakdowns on what this can be worth post merger and some projections and risks on that, but we still have some time to go.

The next catalyst for Cciv is on July 22nd, when they will have their shareholder vote for the final approval of the merger. If approved, the deal will likely go through on July 23rd and Cciv will become Lucid ticker symbol, Lcid if I'm not mistaken, and my take is at the end of the day. Hey, we've talked about this for a while. Lucid has a great leadership team.

They have a great product, they have great specs on the product, and they have the manufacturing capacity already set up to get themselves off the ground pretty quickly. But they also have made huge expectations and big promises. And at the end of the day they haven't even started delivering yet and they've delayed their deliveries. Truth be told, entering the electric car market is very, very difficult no matter how much money you have and how experienced your leadership is.

And hey, that's fine, but I can't make a good case for this to have a really strong pre-anticipatory run right now. As much as we'd love for this to be another fast rally up to the merger decision, I think it's more likely that this time around, Cciv and eventually Lucid is going to have a very slow burn in terms of an increase in price. Hey, if it gets a lot of hype randomly before merger, I won't complain. But I'd say if you want to buy this one, have an expectation that this is probably going to be a slow burn.

I think that once they start delivering whatever that actually ends up being and market willing, you're going to start seeing this in the 45 range, which is where my current Price Target is. At the end of the day, a lot of trading is saying okay, what do I know and what don't I know. What I know is they have a lot of potential and they have a strong chance of making it and making an impact on the electric vehicle market. What I don't know is exactly which obstacles are going to screw them over and delay them down the road.

so I like to assume a very bad case scenario, which is why my price Target is a lot lower than a lot of the other people who followed this company. and it's why I'm a lot more patient for this play. Obviously, Chargepoint had another good day today. We've been hammering this one because of the infrastructure build the eevee trend, equity tailwinds with Evie sector bouncing back and it's continued rallying.

but it's still about five dollars away from my price Target, so hey, I think that people should be very, very greedy with this play. We love this play. We think this is excellent. Why give it away for anything that's not top dollar? Anyways, folks that caps off the video.

If you have any questions, feel free to reach out to us below or join us on Zip, Trader Circle and of course Quick Plug if you'd like to learn how to trade. Would like access to our private chat and daily morning briefings where we brief on all the biggest catalysts each and every morning. Well, I'll go ahead and put a link to Zip trader you below. but folks, please only join us if you're going to commit yourself to the process, practicing paper trading with every single concept and then never giving up when times get tough.

The program was thoughtfully created to give you a process to learn and grow, but if you don't complete the structure and dedicate yourself to doing every single lesson and doing it as and completing it as designed, then you're not going to get anywhere. When I buy something, I make sure that I'm going to get my money's worth out of it. so I expect you to do the same. And if you'd like to take the leap and join us, I'll go ahead and put a coupon code in the description below.

Battlefield 75 will get you 75 off before checkout. You just put it in the little ad coupon code spot before checkout. And if you're wondering what broker to trade these stocks and we always like to send new traders over to Weeble, I'll put a link to them below as well and sign it up and deposit in with the link below. We'll also get you some free stocks anyways.

have a great day and I'll see you in the next video.