Current Themes: Space, Energy, Crypto, FSD names, Quantum (Let me know if I’ve missed any).
Biotech continues to get slaughtered, with yesterday showing no sign of a bounce.
Energy names remain a top mover and somewhat early innings, with BE AEP news awful names like FCEL ripped 30% higher along with some other thin small caps.
In my opinion PLUG moving here would make perfect sense considering their guidance of close to $1b sales, the CEOs recent comments that they do not need to dilute, the strong customer base, large short float and fits within the theme. I also believe they will receive the DOE loan around 15th-20th December. The loan is equal to its market cap right now.
Oil & Gas names still look good, OXY caught a stronger big yesterday whilst XOM and others continue to consolidate. I still strongly believe everybody is wrong shorting OIL here. How you can have such a bullish theme on alternative energy that will take 7-10 years to establish, but not on something to get us there, well, it’s insanity.
The news regarding FSD (full self driving) move Tesla up 8% in premarket, it also pumped names like LAZR etc. Now, I am not certain BIDU still has the main contract for TSLA FSD in China, however, I can see that coming to fruition as talks intensify. Earnings are on Wednesday which is a little annoying, if they miss we’ll see an IV crush which is not ideal (and of course if it barely moves).
Still happy with current positioning so nothing new to do here. Will check news 1 hour before open and update if need too.
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