(11-10-2021, 12:44 PM)divmenow Wrote: Sold U in my trading account. 35 points on a day trade is good enough for me. Still hold some in my ROTH
Put the proceeds in XOM and added to SRE
And If I can get TTCF under $14 I will buy. But I wouldn't be too long on that name.
TTCF is probably good for a swing trade under $16. It has a mini cult following. I have never lost in TTCF but I don't own it 75% of the time. I follow it for my entertainment and literally just pick off a few hundred dollars profit quick because it has been very easy. Without typing pages here are my reasons.
FACTS
-It is a fact they are in most every every grocery store chain and it sells well. Crazy fast ramp above any reasonable expectations. TGT stated best frozen food product launch ever. The product is legit whether I prefer it or not.
-They are based in EU and it costs a fortune now to get product here right now. They actually grow much of their own veggies. Vertically integrated for sure.
-The CEO truly has most of his net worth tied up in TTCF. He filed for authorization to sell a LOT of shares. He'd be an idiot not to diversify but it will scare the hell out of the market when he sells some shares.
OPINION
-They are going to do OK. It's not going to zero but profit may be elusive for a good long while.
I'll trade it when it makes sense, which may be tomorrow. I'm out at $14 because the thesis is probably busted if it hits that level. We'll see and my bet won't be huge..