Good day for Tech and Growth again and my portfolio did alright. 100% profit on the MS alert! The BIDU alert went off, and Baidu looks to be breaking out. Tomorrow I'll be looking closely at the pre-market activity for BIDU and determine when I want to get in the trade.
We had a lot of great feedback in the Discord for the Alerts so far. I'd like to thank everyone that is participating and thanks to everyone for being apart of the best #Stock, #Options, and #Investing community on the Internet.
Make sure to join the Discord for free alerts! I have put a lot of work into making a great community and setting up the alerts from Trend Spider to automatically go off when one of my own trading alerts are triggered.
WeBull is giving away 4 FREE STOCKS if you sign up and deposit your first $100. That could be a 40% ROI on your money and it is totally free to do so. I highly recommend WeBull as a broker as they have all you need for basic technical analysis, news feed, analysts, price targets, financials, etc. Check them out by using my link to help support all of my free content that I put out daily.
Current Weekly Positions
$NAIL -4.6% (Ongoing)
$MS +100% (Closed)
$BIDU (Entry Possibly Tomorrow at Open)
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.
“In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” -- Seth Klarman
THINGS TO KNOW ABOUT THE DIDI IPO
DIDI is the Chinese Uber, a ride hailing app. This is going to be one of the biggest IPOs of the year, and one that I personally use almost everyday living in Shanghai. Didi is set to seek a valuation of $60 billion, which I believe is appropriate.
There is no real competition in mainland China. Uber and LYFT are banned, of course, and DIDI is the major player by FAR. It is on the front page of the AliPay app, which basically every Chinese use to pay for every transaction they make.
Shares should start trading at around $13-$14 range. By the way, UBER and Tencent are DIDI's core backers.
I don't usually tend to buy on the day of the IPO, but prefer to wait a few days for a dip. This will be incredibly hyped, I believe. If it is trading for around $13, I'd buy without thinking. Maybe even get some LEAPS.
DIDI is set to start trading on the NYSE today, June 30th.
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