BGFV
BGFV GME 2.0 MASSIVE SQUEEZE COMING!!!www.reddit.com
Please refer to the reddit post for more info^^^^^
According to iborrowdesk.com There are only 300 shares available to be shorted and on top of that borrow fees have risen to 7.8%.
You know what that means SHORT SQUEEZE
GME 2.0????????? BGFV SQUEEZE!?!?!?!!!!www.reddit.com
In-depth analysis, can explain better than I can.^^^^^^
But essentially a similar situation to GME was.
A highly shorted stock that is debt free, making profit, and other good fundamentals.
Currently BGFV is the most shorted stock in the market.
The special interest date will be a big event.
Whether it squeezes or not, this stock is a great buy.
But volatility is increases a short is imminent and it's becoming more volatile.
Before earnings report it pumped 70%.
What do you think does this have the potential to squeeze????
Will we see $100+???????
Let me know, whatever happens it will be very interesting!!!!
Big Five - bullishStrong financial statements
Price is consolidating at the ATH (followed by a flat - weekly frame)
H4 pattern - an expanded flat, wave C = 1,619 wave A. And a small impulse up - may be an early signal of trend continuation.
Small risk, huge reward potential.
Good luck!
Comparing GME squeeze with BGFVBars pattern trace of GME's squeeze overlayed on BGFV's recent squeeze to see if there's a correlation. Maybe.
BGFV LONG? All time high retest?
BGFV in between 27.23/ 28.23/ 29.49 if it can hold these levels the ATH can be retested
Long | BGFVNASDAQ:BGFV
Possible Scenario: LONG
Evidence: Price Action,
TP1: 32$
TP2: 34.5$
Call options, strike 25$, 10/15/2021.
Call options, strike 35$, 01/21/2021.
*This is my idea and could be wrong 100%.
A review on the watchlist I shared last week..!
In this post, I want to review the outcome of the watchlist I shared on August 28, for the stocks with short squeeze potential.
30 out of 50 finished the week with profits(60%)
10 have +10% gain(10-32%)
The worst outcome was (-7.99%)
These results clearly show we should take the Quadruple Witching phenomenon seriously, and most heavily shorted assets will experience nice rebounds weeks before these dates!
The Next 3 Extravagant Weeks ahead..!
www.tradingview.com
1- NASDAQ:KNBE
2- NASDAQ:KIRK
3- NASDAQ:FFIE
4- NASDAQ:GDRX
5- NASDAQ:BGFV
6- NASDAQ:ATER
7- NYSE:SKLZ
8- NASDAQ:SDC
These results are far better than WSB's top 50..!
Regardless of fundamentals, any asset has the potential to make you some profit at the right time..!(Mosh)
BGFV getting ready for a Short SqueezeBGFV has a short float of 40%.
Just broke resistance trend line with strong volume
BGFV- seems tp find a top Stock Price doubled in 5 days . $34- $36 would be the range where the stock finds a top. it needs to go down of retest of the breakout.
BGFV - Rising wedgeShort above $27 with a great RR. it is already in the Supply Zone. Buy the Hype Sell The news.
$BGFV Breaks Out, Further Gains Likely$BGFV has the shorts scrambling to cover after guiding higher.
Big 5 Sporting Goods (NASDAQ:BGFV) pops after saying it expects to report Q4 EPS ahead of the high end of its prior guidance range ($0.02 to $0.04 vs. -$0.16 to -$0.04 prior view).
The retailer also sees full-year EPS of $0.40 to $0.42.
Sales breakdown: Sales in the company's apparel category increased in the mid-single-digit range on the strength of demand for seasonal winter products, sales in its footwear category increased in the positive low-single-digit range, and sales in its hardgoods category decreased in the mid-single-digit range, largely due to softness in firearms-related products.
"Although our same store sales were slightly down for the quarter, our strategic decisions regarding pricing and promotions over the holiday period contributed to extraordinary expansion of merchandise margins, which drove a 4.7% increase in same store gross margin dollars," notes Big Five CEO Steven Miller on the EPS turnaround.
Miller says the company is also working hard to control expenses.
As always, use protective stops and trade with caution.
Good luck to all!
BIG 5 Aiming For 40% Push From FloorBig 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company's product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. The Company purchases merchandise from sporting goods equipment, athletic footwear and apparel manufacturers. It offers various brands, such as adidas, Coleman, Footjoy, JanSport, Rawlings, Spalding, Asics, Columbia, Franklin, Lifetime, Razor, Speedo, Bearpaw, Crocs, Gildan, Mizuno, Rollerblade and Timex. The Company operated 432 stores and an e-commerce platform under the name Big 5 Sporting Goods, as of January 1, 2017.
SHORT INTEREST
5.55M 07/15/19
P/E
Current
-12.42
P/E Ratio (with extraordinary items)
-156.70
BGFV Perfect Buy at these levelsA nice strong sell off today as we are currently down 10%. This market is ripe for picking as we are now at the trendline support and past year support at 8.15. Im going long here at thes levels
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC.
Detailed post will be coming on the blog this week.
I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way.
As always, let me know if you disagree and let me know what you think I'm not seeing.
Always trying to improve,
Brandon
BGFV - Fallen angel formation long from $7.71 to $8.93
* Trade Criteria *
Date First Found- December 5, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Current price ($7.71)
Exit Target Criteria- $8.93
Stop Loss Criteria- $6.83
Indicator Notes- Very strong Twiggs moneyflow & Strong Volume
Special Note- Some recent insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BGFV -Long - Connors RSI Oversold, Elliot says Go!I normally wait for a candle reversal, but this looks really good. Lots of volume, price is stalling at a key area of support...former resistance that marked the top of wave 1 in previous impulse wave, now acting as support Connors RSI ( yellow Squares ) registered it's lowest since November indicating extreme oversold. (Check out previous low readings highlighted) Elliot count confirms this - Cycle wave I completed 11-21, and primary corrective wave A of Cycle II has just completed. Elliot says wave 2 normally retraces 38.2% -50%, and this move was 660 points...close to the 50% fib retrace. Stop can be nice and tight
