Dec. 22 at 12:30 AM
$ALPS $HYFT $NVO $RAIN $RKLB
ALPS: Is at and/or near bottom after recent uptrend. Suspect it may dip to
$0.85 before a larger move up, but I like this one for more. Price target
$3.00.
HYFT: This one came across the proverbial desk, and I like it a lot. I’m watching for ideal entry, which I suspect is near. Large tute buy in over the past quarter, and I suspect some big things coming their way. Current price:
$1.67. Price target:
$4.00.
NVO: Appears to be large bid support holding it in place. They are pending FDA clearance on oral Wegovy, and if they get it, there will be some happy Dutchman. Numerous gap fills at some pretty prime profit regions screaming for reversal. Current price:
$48.23. Price target:
$105. They have a lot of cash on hand + dividend while you’re waiting.
RAIN: If you want a short squeeze before Christmas, this one appears to be it. The float is absolutely locked up. Cost to borrow hasn’t been updated since the 15th (I suspect in excess of 700%, as previously 400-700%), and no short shares available. They recently signed contracts worth
$250M for their incredibly novel services with several states in the Western US, and their market cap is right at
$50M. They have very little debt, no dilution, and actively stacking their executive board with some solid talent. Looking for a x3-5 play here, but I’ll try to seem reasonable and claim a
$15 price target. Current price:
$7.18. Book value:
$30-35. It may get explosive.
RKLB: I agree that eyes are going to be on the space sector in the coming months, and this one is seeing a monster rise on a recent
$800M contract signed with the US Space Force. They are at all time highs, but making solid strides in their sector. I expect
$100 per share. Current price
$73.36.
Notable watchers: SIDU BYND GLSI
GLTY and have a great Christmas! DD and NFA as always.