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Today the markets were very flat and I took the opportunity to pick up a decent amount of positions and to close out a few for profit.
Most recent notable past picks:
All of these we have positions for or have written about possible entries in the past recent write ups.
Today my portfolio has actually underperformed the markets by 2.21%, mainly due to semiconductors falling. My $SOXL is down by more than 7% today. However, I've bought some $SMH calls that should pay nicely once they mature a little.
Here are all the options positions that got filled today. The $TSLA was rolled, but maybe I pulled the trigger on that a little to early.
Adding to Watchlist:
$HOL: Holicity Inc is a SPAC that is suppose to merge with Astra, a company focused on putting vehicles in Earth orbit. There is an astronomical, no pun intended, demand for companies putting satellites in orbit now and it will only increase going forward. Anything in this space, no pun intended, should be in your growth portfolio. No TA is needed on this one as it has just spiked up to $16 from $10. Dollar cost average from now is my personal choice.
Target Price: $30
Timeframe: 2-4 months
$WKHS: Anything EV industry is a buy right now. At current market price, I believe Workhorse is overvalued, due mostly to the hype surrounding the EV industry. I will be waiting for $WKHS to pull back to a more friendly level to buy in. Overall bullish, but I need a better price to put some skin in the game. The TA shows WKHS in a parallels channel, so when it pulls back to a lower support, I'd enter and not look back.
Target Price: $40
Timeframe: 2-4 months
Worth Mentioning/Add Money To:
$LI: Most of you will be familiar with $LI, a Chinese EV automaker. They have recently underperformed their rivals, $NIO and $XPEV, however I've seen the cars in person and prefer them to the other EVs. In my opinion they have a more luxury look. Long term outlook is good, and there has been recent good publicity in the Chinese media about this company. Currently it is still floating in my 'Buy Zone', and I see it making a push towards $44 relatively soon. This is an add money to play whether it is mid term calls, or selling covered calls the way up.
$CCIV: Many of you paying attention to my posts are making a lot of money in this one. Recently its went up from $25 to $35, and now CCIV is back down to $29 at market close. Short or Mid term calls about 30-90 days out look most interesting for me right now, especially that's its on sale. To minimize risk, dollar cost average down to this support if necessary. I would not hesitate on this one. Even if LUCID Motors is a mediocre company, the stock will still be way undervalued. I see this one making a pus to $50-60 levels. Be careful and don't overextend because if the merger falls through, it will drop like a downed fighter jet to $10 levels.
Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest.
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