Review Week 01/25/2021 - 01/29/2021

By iamtez -

 

What a wild week we had. With the short attack and amazing run by some of the most heavily shorted stocks causing big funds to potentially liquidate tech and growth stocks that had run nicely caused a pretty decent pullback in the market. However, even with this volatility, we had a good week for most of the positions posted last week.

 

Position

Entry

Exit

G/L %

Comment

ADBE Jan 29, 2021 480c

325

500

54

Got a good entry on Monday when this was around 468. It went onto to almost 477 but seemed like lot of resistance so I got out.

AMD Jan 29, 2021 95c

325

550

69

Gapped higher on Monday so needed to be patient. Got a good entry when it dipped under 93 little later in the day. When these calls went ITM, I got out as I was not planning to hold post earnings.

AAPL Jan 29, 2021 145c

200

300

50

Another one that gapped on Monday so had to be patient. Got a good entry later in the day and then it ran nicely to almost 144.

COST Jan 29, 2021 365c

190

350

84

Got a great entry on Monday when it dipped under 360. Got out of this when the calls went ITM on Tuesday.

FUBO Jan 29, 2021 40c

200

1800

800

This was clearly the best one for the week. Was able to get into this one on Monday when it dipped under 40. Eventually it went to almost 57. I got out when it was around 55.

NTNX Jan 29, 2021 34c

55

0

100

Gapped up so waited for a pullback. Eventually got this but this just got blown away due to the market conditions. I didn’t have a stop on this as it was cheap.

NET Feb 05, 2021 90c

160

96

40

Gap up on Monday didn’t help. Got into this on Tuesday when it went under 80 but it also never looked back due to general market conditions. Got stopped out for 40% loss.

PAYC Feb 19, 2021 450c

600

 

 

Gapped up a lot on Monday so waited for a better entry. Got one on Wednesday when it dipped to 390. I am still holding this one as I think it will run into the earnings for next 1-2 weeks. I am down 35% on this as of now.

SNAP Jan 29, 2021 55c

75

1.75

133

Gapped up on Monday so had to be patient on this one. Got an entry on Wednesday and then it ran very nicely to almost 54.5 on Thursday.

TTWO Feb 05, 2021 215c

160

96

40

Another gapper on Monday so waited for a better entry. However, this never came back either like NET and got stopped out at 40% loss.

WDAY Jan 29, 2021 240c

220

250

14

Looked good to start the week but didn’t seem like it was going to break 236 so got out for a minor profit.

 

There were some really good earnings this week but markets still sold off. I feel it was more due to other events rather than the earnings so this pullback should create some amazing buying opportunity in next 1-2 weeks. I will post my watchlist for next week Sunday night as usual. Until then, have a nice weekend!!!

 

If you want me to review any particular stock, feel free to leave it in the comment below and I will reply with my analysis.

 

RED: Behaved exactly opposite of what I predicted.

 

GREEN: Behaved exactly as I predicted.

 

BLUE: Need more time for idea to materialize.

 

Disclaimer: The views and opinions expressed here are my own. Before taking any financial decisions based on these, please do your own due diligence.

 

Comments

  1. JjJanuary 31, 2021 at 4:24 PM

    Can you please look at Uber ?

    ReplyDelete
    Replies
    1. iamtezJanuary 31, 2021 at 7:52 PM

      Thanks for the comment. I like UBER for this week. I am going to have it on my watchlist posting soon. You can take a look there :)

      Delete

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