Top Trades - Late February
The market became more turbulent at the end of February, but that did not diminish the quantity of Top Trades on the Trade Exchange the past two weeks. While some top trades occurred in hot areas like SPACs, biotech and electric vehicles, others were found in travel & leisure and tires. Check out the opportunities that Andy Wang (My Happy Place) and Bob Knight (Turbo Trading Swing Trade Membership) identified to capture 1-day profits of 20% or more at the bottom of this email. Trade Exchange helps you to be nimble in these fast-moving markets!
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MILE: +55% in 11 weeks – Bull & Bear Trading / Whale of a Time Trends
Two of our experts – Terry Donahue and Samatha LaDuc both identified this opportunity within a week of each other. Terry: “Chamath Palihapitiya- and Mark Cuban-backed SPAC to bring MetroMile auto insurance public.” Check out Terry’s interview here and webinar here.
Samantha LaDuc added: “SPAC play. Major innovation of an industry with a large total addressable market,” noting that Metromile’s pay-per-mile car insurance and tailored pricing offers a differentiated approach to customers.
SRNE: +50% in 8 weeks – Alpha Chartist
Tim Fortier began his career in the 80s by analyzing hard copies of stock charts delivered through the mail. Check out Tim’s interview with our founder here. His commitment to analytical principles helped him to identify an opportunity with the biotech Sorrento Therapeutics. “SRNE was displaying two of my favorite market edges– heavy call buying and increasing volume. Call buyers have steadily acquired out of the money calls signaling upside expectations.”
FSR: +37% in 4 days – RAjCAP Swing Cycles
RajCAP is a Elliott Wave Theory adherent. “FSR consolidated after a strong rally and we anticipated that an upward breakout would emerge. The trade was taken before it broke out of the range with high volume, giving it a good risk/reward ratio. In terms of Elliott wave theory, the up move before consolidation was an impulse cycle, which almost always yields a high probability set up. The 37% return in 4 weeks’ time was among the best in comparison to other stocks in the sector during that time.”
EXPE: +33% in 10 weeks – LaDuc Trading Whale of a Time Trends
Samantha LaDuc also identified this opportunity for a re-opening trade on what she calls the “vaccine rainbow,” combined with options activity. “This company has been consolidating for a month and has strong tailwinds for its business into 2021. Seeing unusual call activity coming in as well.”
CTB: +29% in 2 weeks – The Weather Growth & Income Fund
Tom Chisholm’s ideas usually leverage his meteorological background to identify seasonal or other weather-driven opportunities. He said on February 12: “Cooper Tire is a prime buy during severe winter weather currently unfolding across the country. A series of severe winter storms will provide wind at the backs of demand for this familiar brand to those who are newly arrived in colder and snowier locations as a consequence of Covid. The stock also has a forward PE of 12 which is undervalued, considering forward-looking free cash flow.”
FSR: +25% in 1 day – My Happy Place
WKHS: +19% in 1 day – Turbo Trading Swing Trade Membership
Both Andy Wang of My Happy Place and Bob Knight of Turbo Trade Swing Trade Membership identified overnight profit opportunities in the electric vehicle sector between February 24 and 25. Bob Knight on WKHS: “The stock was tremendously oversold on February 24. Our original goal was a 50% retracement but we settled for 20% in one day as the general markets sold off. Still a nice win for those who took the trade in a soft market.” Check out Andy’s webinar here and Bob’s latest interview here and his webinar here.
DISCLAIMER: While these ideas (dates, times and purchase/sale prices for entry and exits) have been documented within Trade Exchange’s system, these are examples of past performance and not an indicator or promise of future performance. Individuals who follow experts featured on the Trade Exchange assume all risks and take full responsibility for unveiling and following ideas, whether they execute trades in their linked brokerage account through the Trade Exchange app or in their brokerage accounts that are not linked via the Trade Exchange app. Trade Exchange strongly encourages everyone to review all the trades posted by a partner, as many lose money. All results – including entry and exit prices – are available for review.