We have all seen what happens when Google starts changing its algorithms. They can be extremely disruptive.
Two stocks I really like the looks of is RBRK, a cloud security stock and a recent IPO. I like the growth and it is ready to break out of a double bottom. It still has awhile to report also.
Another stock I like but admit is more speculative is PLX, out of Israel. It is a micro cap in the biopharmaceutical field. It already has Elelyso for the treatment of Gaucher disease; and Elfabrio for the treatment of adult patients with a confirmed diagnosis of Fabry disease. They are also working on a treatment for gout and it is in phase 2. They are profitable, have about 35 million on the balance sheet with no debt after paying off their convertible notes. Their P/E right now is 75 but the forward P/E is 6. The Reason I say they are speculative is because their market cap is 237 million, share price is 3 dollars and they do not have a lot of share volume. But they are teamed with Pfizer with them selling their two products out on the market. There is chatter that they might be a buyout candidate with Pfizer but that is not why I am invested.
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Andy, I do like Rubrik also. Losing money, by great sales growth and has a blue dot RS in the double bottom base. Will add it to my watch list, thanks.
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Yesterday, the morning dip tripped the stop loss on my UPRO, but the TQQQ barely missed. So I decided to sell 20% of TQQQ at end of day. Today, my stop loss tripped for remaining shares of TQQQ.
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Crdo was tripped on my stop, it went back below the 200sma. TVTX was gone on a stop loss. It sunk back into it’s double bottom. I suspect tariff news on Pharma stocks had something to do with it. Hims was down last night but up today. I was lucky with that one and I probably shouldn’t have added before earnings, sloppy risk management based on a gut feeling. Not a great way to do it.
I am holding MELI with earnings tomorrow.
Was watching DASH, it got slammed after earnings. It did hold at the 50dma.
I am holding PLTR, and it got hit after earnings as well. It found support at 21dma and bounced, closing range says 47%, but adding in the gap down for ATR and it is way below 50% closing.
I liked the idea of BRBR, with GLP-1 and maybe RFK jr, I figured it would sell a lot of protein, but et got pummeled after earnings. Maybe it gets protein from China, I did not bother to read the news since I don’t own it.
UBER is showing strong support and just below a buy point. Upside reversal today with +60% vol.
SPOT had another small inside day.
SNOW is building a nice little shelf. Will be interesting to see if it holds if market has a little correctio
META is stalling in attempt to get above $600
PAY looks strong but in a stage 4 base
BOW had a huge upside reversal on earnings.
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Alab had nice earnings, Beat and Raise yet it is down a little after hours. Listening to earnings call.
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Bought 1/2 position in ATGE, same group as LRN (1/2 position). Used some money freed up from TQQQ sale. Very strong ratings and decent breakout a couple days ago.
Added to UBER, which is having an upside reversal off the $80 level after earnings and announcement of acquisition of some food delivery service. Need to read the release to get details. Still waiting for the breakout on it.
Here is LRN
IPO ODDity (ODD) still under big accumlation after earnings beat. Looks like the big boys want a good position in it. I smell “ants” coming.
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E-Commerce. CPNG reported and jumped. MELI reported after hours today and is up over 8% at 8:22PM. I have a stake and will consider adding.
SE reports May 13 and is in a strong position. 4-days tight pattern (which is not a thing, but looks good on the chart). I have and old set of IBD shares in this and may add since MELI and CPNG did so well. (I did do a small early buy in SE a couple days ago)
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Arrrg! I sold my NGVC because it had gone below the 21dma and was down more than 8% from when I bought it. I didn’t want to be down in front of earnings. So of course, it is up 26% on earnings today. At least ATGE had a nice day. I think with more and more states allowing more educational choice, these eLearning stocks may have a nice tail wind for a while.
IBEX was up 20% on earnings today. Here is what they do “provides end-to-end technology-enabled customer lifecycle experience solutions”
I have no idea what that means! Helping companies improve their customer’s experiences forever?
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Small company Pete but look at all those blue bars. I think it might be a good idea to look into them.
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My PLX bombed today. I am glad I kept this very small. My thesis that they would conitnue to be positive on earnings was a bust. They came in negative. Although their Revenue was up huge their Cogs is eating up the Revenue. It was the highest ever. They claim it was because of bigger Sales to Pfizer but if that is the case and they can’t keep their Cogs under control, either Pfizer received a very good deal or PLX is just throwing money out the window.
Futures signal the Nasdaq 100 will jump above its 200-day line while the S&P 500 and Nasdaq composite would near that key level. Webby said Friday he would get aggressive if we went above 200dma.
○ PLTR has formed a cup with handle base, which will probably trigger tomorrow with futures being up. It is a stage 4 base, and late bases have a higher chance of failing. This is pretty much a meme stock so it probably won’t fail 
○ IPO CoreWeave will report earnings this week.
○ RBRK had a very strong move up the right of the double bottom base and had a failed breakout a few days ago. It has been well above its 21dma for a while. EPS in 37 days. It is currently resting at the bottom of its buy zone after touching the top of it Friday. Rubrik, a 2024 IPO, has yet to turn a profit, but the company says it’s “winning the cyber resilience market,” and the results seem to back that up. “Rubrik has continued (to) take share in the highly competitive backup market,” William Blair analyst Jason Ader wrote on March 14. Ader touted Rubrik’s “high pace of innovation,” noting the Q4 release of multiple security-focused products and capabilities that build on its “market-leading data backup offering.”
ROOT ready to breakout. TOST did breakout, but far from highs. ESLT going to breakout, RBLX ready to breakout from cup with handle.
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Mndy volume really high
I appreciated this comment this morning from Mike Webster:
“Today is tricky. Tomorrow we’ll be able to tell you exactly what you should have done.”
Even the Pro’s are uncertain which is oddly comforting to some degree. They are all stressing watch the flow of money.
Lakedog
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Right, I am seeing some starting to come back in so I want to keep my cash and wait. Your comment about the amateurs in the first part of the day was helpful.
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I bought some more Alab as it went over the 200sma, Bought some CRDO as it went over the 150sma and picked up some Uber as it came up through consolidation.
I bought some RBRK and RBLX pre-market. Big mistake on RBRK. I thought both would breakout based on pre-market price. I have to stop doing that.
I have a buy stop on UBER and more RBLX.
GEV and UBER were in the video today, GEV looks like it is in a good spot.
Rotation: my educational stocks: ATGE, LRN have been up nice, but took hits today. They were tariff-safe trades and along with HWM, DRS, NFLX drops indicate a rotation to tariff-off trades.
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