Author: Rich Meyers

Rich Meyers
Is it a mistake to bet big on DraftKings?
May 8, 2020 No Responses

Is it a mistake to bet big on DraftKings?

DraftKings Inc. (DKNG) has been paying shareholders like Fantasy Sports winners since daily fantasy sports and online sports book started trading. The company assumed the shares of Diamond Eagle Acquisitions while merging with SBT and started trading as DKNG on...
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This insider hated his stock, now he loves it
May 6, 2020 No Responses

This insider hated his stock, now he loves it

One of the more common movie plots is a change of heart. The bad guy sees the error of his ways and becomes the hero. A 180-degree change of heart is a favorite angle for insider buying. When a top...
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Up, Up and Away?
April 28, 2020 No Responses

Up, Up and Away?

Sometimes it is straightforward. That is where the market is after Monday’s trading session. As you know, we have emphasized the importance of trend confirmation. Writing, over and over, about higher lows followed by higher highs as the hallmark trait...
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Why Oil’s Bust will lead to the Next Boom
April 22, 2020 No Responses

Why Oil’s Bust will lead to the Next Boom

Wow, oil! Its price continues to collapse, going negative for May delivery in the commodities market. That’s bleeping unbelievable and a direct result of the planet living the lockdown lifestyle. A real-life example of economics 101, supply and demand. There...
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Google Trends Suggest Domino’s Pizza, Inc. (DPZ) 2nd Quarter Earnings could be Hot
April 16, 2020 No Responses

Google Trends Suggest Domino’s Pizza, Inc. (DPZ) 2nd Quarter Earnings could be Hot

Domino’s Pizza, Inc. (DPZ) is scheduled to report their earnings for the first quarter of 2020 before the market opens on Thursday, April 23, 2020. Wall Street expects the world’s largest pizza company to report a consensus profit of $2.32...
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Profits Aplenty As The Warming Trend Continues To Thaw The Markets, For Now
April 14, 2020 No Responses

Profits Aplenty As The Warming Trend Continues To Thaw The Markets, For Now

Profit taking is to be expected when stocks zoom as fast as they have since hitting a possible corona bottom. The S&P and DOW started the week in red, but the NASDAQ found its way above water by the end...
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$27 Million Reasons to Bet on MGM Resorts International (MGM)
April 14, 2020 No Responses

$27 Million Reasons to Bet on MGM Resorts International (MGM)

Las Vegas gamblers haven’t been able to play their cards since Nevada Governor Steve Sisolak closed casino doors for at least 30-days starting on March 18, 2020. Since, casino stocks have taken a beating like a drunk poker player betting...
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Why You want stock prices to go down!
April 2, 2020 No Responses

Why You want stock prices to go down!

We were this |—| close to a possible technical buy signal after Monday’s market session. The indexes were within a few points from closing above last Thursday’s intra-day highs, which would have been a higher high following a higher low....
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5 Reasons the Worst of the CoronaCrash could be over
March 24, 2020 No Responses

5 Reasons the Worst of the CoronaCrash could be over

There was something different about Monday. Call it gut instinct or wishful thinking, but something was different in the way traders handled the market to start the week. When bad news isn’t that bad for stock prices, something is up....
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