4 minutes and 20 seconds well spent yesterday, and you know I want to guide you through how I’d enjoy doing the same today…
Two for two on Apple day trades as well, and I think Goldman Sachs may be up to something fishy right now…
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|MVIS||Microvision, Inc.||Scientific & Technical Instruments||28.77%||19,079,796|
|IDEX||Ideanomics Inc||Software – Application||87.70%||38,930,435|
|BYFC||Broadway Financial Corp||Banks – Regional||32.54%||7,807,697|
|KTOV||KITOV PHARMA LT/S ADR||Biotechnology||45.35%||31,422,096|
|GNUS||Genius Brands International Inc||Entertainment||-152.21%||87,862,086|
|LK||Luckin Coffee Inc – ADR||Restaurants||-28.98%||64,948,527|
|XSPA||XpresSpa Group Inc||Personal Services||-17.28%||19,190,347|
|SINT||SINTX Technologies Inc||Medical Devices||65.24%||6,793,693|
|ZEST||Ecoark Holdings, Inc.||Plastics products, misc||24.06%||926,140|
|BOX||Box Inc||Software – Infrastructure||7.92%||3,366,926|
|NIO||Nio Inc.||Auto Manufacturers||12.97%||76,144,188|
|EVOK||Evoke Pharma Inc||Drug Manufacturers – Specialty & Generic||33.71%||2,667,978|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||50.23%||29,283,162|
|INPX||Inpixon||Software – Application||0.63%||12,269,547|
|CYDY||CytoDyn Inc||Pharmaceutical preparations||42.89%||3,895,327|
|SHIP||Seanergy Maritime Holdings Corp.||Marine Shipping||53.33%||109,762,400|
|ROKU||Roku Inc||Pay TV||16.55%||10,566,858|
|SPCE||Virgin Galactic Holdings Inc||Aerospace & Defense||-2.32%||15,005,484|
|IVR||Invesco Mortgage Capital Inc||REIT – Mortgage||6.28%||28,041,751|
Subject to quite a bit of skepticism, this exact scenario actually happens quite a bit…
Nio Incorporated (NYSE: NIO) is up about 100% over the past 30 days. Unless the company internally implodes or markets crash, the sky seems to be the limit for this electric car company.
But what if some financial professionals missed out on any bullish profits on NIO’s massive spike over the past 30 days or simply want to make the same money twice? What are they supposed to do in order to be offered another chance at making some money on NIO themselves?
Now, I’ve said this before and I’ll say it again… Financial professionals can move markets with one click of a mouse or by issuing one press release.
And the fat cats at Goldman Sachs did exactly that about 22 hours ago by issuing a downgrade on NIO. The stock instantly dropped 4%.
But here’s what makes me really interested…
Just yesterday, option players came in and bought $104k worth of call options on NIO, anticipating NIO’s price-per-share rallies to $7 or higher by tomorrow’s closing bell.
Did Goldman knock NIO’s price down only to pick it right back up at a discount? It actually happens pretty often, and we may be seeing that exact scenario play out on NIO right now.
While moves of this nature do come with some skepticism from retail traders who cannot manipulate a stock’s price-per-share and move money in or out of it at will, I don’t really care too much…
I’m just looking to make a move or two on NIO in the hours or days ahead and make some money on it myself.
Shown in green in the chart above is NIO’s 20-day simple moving average line (20 sma), a critical support level. If NIO holds, I may buy call options alongside yesterday’s $104k option player for a fast-moving trade opportunity.
Below NIO’s 20-day simple moving average line and I’ll follow the money flow prior to making any decisions. Oftentimes stocks like NIO are knocked down in price only to be picked back up at a discount, and I don’t want to be betting against a stock while a six-figure buyer comes in and makes a potential bullish bet.
I’ll be in touch mid-day with updates and a watchlist.
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.