No, I wasn't teasing you about a possible 10X trade on the Carlsbad, California company
that's in the high-speed satellite broadband business and serves residential customers and the military.
The company is Viasat Inc. (VSAT), and it was sinking with only a wing and a prayer possibility of not seeing its stock fall another 50% from its already chopped in half level.
Until that is, their prayers were answered. Thanks to Russia invading Ukraine.
This downward dog stock was headed lower, with good reason, for starters its market cap was $2.23 billion and its debt is $2.93 billion.
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UBER
Make a Strategic Exit on UBER
A little over a week since our entry into the trade, it's clear that our bearish position on Uber Technologies (NASD: UBER) hasn't shaped up like we'd hoped.
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It's a new week, and so far, the markets are off to a fantastic start with both the S&P 500 and Nasdaq up several percentage points from last week's close. This is some of the most bullish momentum we've seen in weeks, with the Nasdaq showing strength on the back of strong earnings from tech leaders like AAPL, MSFT, and GOOGL.
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World ride-hailing and delivery leader, UBER Technologies (NASD: UBER) has earnings coming up on February 9, 2022 after market close (AMC). The stock historically moves down up into earnings accompanied by a massive IV Surge.
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Mixed Results with Today’s Trades
Four Mixed Trades This Morning
It's a new week, and so far, markets have been off to another slow start, with back-and-forth price action over the past couple of days... And because both the S&P 500 and Nasdaq have so far failed to take out off their highs made earlier in November, it means that there's still plenty opportunities to profit on both sides of the market.
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It's a new week, and so far, markets have been off to another slow start, with back-and-forth price action over the past couple of days... And because both the S&P 500 and Nasdaq have so far failed to take out off their highs made earlier in November, it means that there's still plenty opportunities to profit on both sides of the market.
... Read More »
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Mixed Results on Our Morning Trades
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