Ideas For Now-

2 Stocks I Want On A Pullback & 1 I maybe Want.

1) Central Garden & Pet. Yup a perfect stock gardening is ALL the rage this summer. You cannot find many plants at the nurseries and they have been telling me that a lot of New Yorker's have fled up here to Ct and they are all gardening like crazy. Pets are one of those bullet proof recession stocks (just look at Chewie). CENT would be a good purchase around $31 it's $34 presently. Lets WATCH.

2) YETI. I owned this stock before and when the stores all closed I sold it because I did not feel they had a good enough web presence to make up the sales. The stock has roared back because of the Camping craze which is something that did not occur to me while selling. It's an interesting business course this one idea.. But YETI needs the various big store outlets and small store, hardware stores etc. And their next earnings report can't be very good -- but that being said the stock is saying enough of those ugly mugs and coolers are being sold somewhere to these new Winnebago types. This is like roller blades back in the day... I don't think this camping mania will go for very many years. As soon as the Caribbean opens up properly I want to go there. I am not going to be afraid of air travel... And camping.. lets be honest...

YETI is $35 they have rather recently completed an equity offering @ $32-$33. This could very well provide serious support fr the stock. In fact I think it will. Looking for YETI around that $32 level. Lets WATCH

So two good stocks about $3 away from a stoney buy point.

The one I am on the fence on is Etsy. My wife has started to use it so it's a validation point and a point of financial sadness for me. I think this stay at home mentality really works for Etsy... I have no idea what the correct price would be or how ETSY makes extra money how much they skim of each sale... The stock price seems quite high @ $79

Other Stocks On watch List-

LDOS. --Leidos--

LPTH. -- Lightpath--

LLNW- Limelight Net

IRDM- Iridium Comm.

3 Most Powerful Bios)
MYOK // ZNTL // SGEN
 
What is Gan? That is the question for this Saturday. I was looking at some conflicting numbers regarding New Jersey gaming revenue:

New Jersey iGaming revenue accelerates in May, Craig-Hallum says 15:11 DKNG, GAN, SGMS Craig-Hallum analyst Ryan Sigdahl reiterated Buy ratings on DraftKings (DKNG), GAN Limited (GAN), and Scientific Games Corporation (SGMS), with respective price targets of $48, $25, and $25, following the release of monthly iGaming and sports betting data for May in New Jersey. Sigdahl noted that iGaming revenue in New Jersey further accelerated in May, following a very strong April, despite shelter-in-place restrictions lifting, up 124% year-over-year and 7% month-over-month.

Ok some familiar names there but Gan?

The analyst believes this will "further encourage prospective states to legalize iGaming as budget deficits increase and traditional casino tax revenue is severely impacted." <-- This is one of my main themes!

Show Related Items >> NJ reports May total gaming revenue down 65.4% to $95.9M » Woa revenue down I thought it accelerated... This is the sort of numbers we are getting on the economy as a whole... Dela flights are up 100%... six passengers have become twelve. We have to be careful because at some point the market looks at the glass as half empty and says yea we are still down 60% Year Over Year.

Nevertheless we have a new name here GAN.
 
Gan appears to be gambling software.

Gan Limited announces Cordish Gaming Group as internet gambling client 05/28 GAN Gan Limited announced that Cordish Gaming Group, the global gaming division of The Cordish Companies, has engaged GAN as their enterprise software platform provider to power their new "PlayLive!" branded Internet gambling business in the State of Pennsylvania, <-----

Complementing the development of two new Live!-branded gaming facilities in Philadelphia and Pittsburgh. Ok weird cities, Philly, NJ & Pittsburgh?

encompassing Internet slots, table games and non-traditional online gambling games. Live! Casino will be GAN's third client of real money Internet gambling enterprise software in the State of Pennsylvania, expanding GAN's real money Internet gambling operations in the U.S.

... It sounds to me like it's not sports betting.
 
Why lookie lookie GAN reports on my wedding anniversary June 17! You know what I think?- We are going to take a slug of Gan and sit back and assume nothing can go wrong on that day. It's also very close to my birthday.

This is how investing works folks, You Surf. You surf the news stories until you find one that catches your eye (sports gambling) and then you take a certain break a certain wave in a different direction... so we saw all the familiar names... Penn, etc... and then this weird one Gan.

Michigan is the latest to accelerate its online gambling hopes, accepting applications for licenses to operate in the state. Regulators are still saying they'll have online gambling up and running in 2021, but are hoping to complete the process sooner.

Could Mich become a Gan customer. This is a unraveling, continuing rollout of sports wagering to cities that desperately need the funds... It's going to continue throughout the year. I believe NYC will do this and the top will blow off all of these names. It's going to be big.

A behind the scenes player, software that can be dished out to multiple customers in the same state... it begs more research. It's the picks and axes of sports wagering...
 
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So we would have to buy the day before the 16th. That's soon! THIS IS AN IDEA FOR NOW!

Gan Limited initiated with an Outperform at Macquarie 06/04 GAN Macquarie initiated coverage of Gan Limited with an Outperform rating and $24 price target.

IPO WAS RECENTLY! MAY 5--> GAN opens at $10.60, IPO priced at $8.50 per share
JESUS WHY DID NO ONE CALL ME-!

Well This is a good set up. Most Price Targets at the IPO were for $18 now we have a recent one that is in the $20's and the stock is at that $18 so it's due for a lot of price target hikes if they pull off a good earnings report. Can they do that?

That's the gamble that we take.

Gan Ltd (NASDAQ: GAN) is an extremely under-the-radar stock that also operates in the sports gaming space. It IPO’d on May 5 at just over $10. The small-cap stock has since risen above the $15 handle, representing about 50% returns NOW $ 18.00

Gan's core business centers around a subscription revenue model. Good, that's recurring. Its software allows it to take a piece of the action on every bet or gamble for the gaming companies that it works for. YES extra slice of the pie.

Its most notable client is likely FanDuel, an international competitor to DraftKings.

Ok since I don't like the hype of Draftkings I must be a fanduel boy! a fanboy. I feel really good about taking the other side in this rivalry.

One of the company’s more notable elements is that it owns a patent on the ability for a casino that has an offline brick-and-mortar presence with an offline loyalty program to merge that with an online loyalty program.<-- I don't unerstand a word of that.

In fact, it won a 2018 court case in which it sued for the wrongful usage of this patent, which has further solidified its viability and credibility.

Gan has the potential to be in the right place at the right time with the return of sports.

"I see Gan as an asymmetric trade on the imminent growth of legalized app-based sports and casino wagering in the U.S.," an analyst named Camillo said.<-- not sure the firm.

"While most investors in this space are focused on DraftKings, FanDuel, MGM, and the soon to be Barstool Sportsbook by Penn National — GAN’s platform software and services solution along with their leadership experience in the sector position them to come out as the real winner in what is likely to grow into a fragmented market of state-licensed casino and sportsbook brands that are equally technology and process deficient "

Oh Boy I'd like to check margins and such but Yahoo seems to have made that a pay feature suddenly Jerks!

Next Weeks Plan goes like this: Make a bet on Gan and prey. ~stoney
 
We have a ton of views here so I know you all are watching. Why more don't chip in I'm not sure. It takes some amount of confidence to recommend an stock for others but you can certainly embrace themes and tactics. So far I believe we have only had about three visitors officially. I wonder if I haven't turned on the comments section? I'll ask Baron about that.
 
stonedinvestor said:
We have a ton of views here so I know you all are watching. Why more don't chip in I'm not sure. It takes some amount of confidence to recommend an stock for others but you can certainly embrace themes and tactics. So far I believe we have only had about three visitors officially. I wonder if I haven't turned on the comments section? I'll ask Baron about that.
More...
3500 views for this thread. That's not too bad.

I think its just because you mostly work on and share portfolio type plays. Long term wealth creation. Pretty sure most here want short term plays; lots of ES and Forex types. That and code writers that work on coming up with an automated edge trading these vehicles. There's also a cadre of pretty sharp option guys that use somewhat exotic strategies to play the high vol stocks both weekly and for earning reports, but again, short term plays.

I've always enjoyed your commentary though, both stock-wise and otherwise. Fun to read while babysitting an open daytrade; that and I too like ferreting out new ideas. Between ticks, pool filters, collapsed ceilings, previously unheard of stocks, and forward thinking as to the next big thing... never a dull read. Genius comes in all shapes and sizes and most of the time it goes misunderstood so keep em coming Stoney. How's that ceiling doing bw? That's one for the homeowners policy unfortunately.
 
The ceiling is still standing or hanging! I am worried about mold now. I bought a stain cover paint that I'm going to put on today and then someone is going to have to paint at some point.
Insurance is such a weird thing it's never there when you need it but when you can use it sometimes the effort is just not worth it. I was thinking I could take pictures and maybe get reimbursed for the repair on the toilet and the can of paint-- I don't think they will pay for a good paint job. I'm not sure I will either. I already had a runaway mold problem here once years ago in a bathroom and I stopped it to some danger to my own health i stopped it but the bathroom still has black all over the wall paper and looks like dirt smears.

I don't want to start adding up the near misses Van but Wow in a time when one cannot go to the hospital or any medical professional or hire any home improvement type..I am barely hanging on. In the driveway sits my 1987 Jeep Wagoneer, he just came out of this old ladies barn and now I have to drive that once a week. I love driving it but it is scary you use a choke and I don't like shutting it down when I go somewhere, better to let the motor run and just tap the gas lightly which makes it hard to shop in stores.

It feels good to have a firm plan for next week... Roll the dice on the gambling software earnings call, make a ton of money and possibly rotate into Central Garden & Pet or perhaps YETI. If we get a real pull back correction Paypal comes into play. I am using a TON of Paypal as of late, they make it really easy and they do one other thing I love they allow you to use your Amex points for purchases. This has been a revelation as over the years I have amassed these points and never really spent them I may have had a million! I had a lot. But now I've been buying Lobel meats NYC on the Interrnet... oh baby this is some prime stuff and expensive. Their chicken is so tasty I don't what they feed them M&M's but it is a sweet chicken. Get the pre marinated halfs and throw them on the grill... You will not be sorry And I've been buying lots of wine Moore Bros NYC and Flatiron Wine and Wally's in California and just hitting the pay with points option on Paypal.

Several long lasting trends are going to spin off all of this online shopping. One thing thogh please stop saying how great Amazon's logistics are... They have ben overwhelmed and I ordered some books for my kid who has stopped reading. He's gaming every night.. I ordered these three books over a month ago and Amazon is still dicking around. Apparently hand sanitizer is the only item they will get out in a timely fashion. I used to order my water though Amazon and it took longer and longer to the point I now go directly to the company in Iceland! And They Do It Faster!!!!

Amazon is not so great. Ebay is now relevant again. Paypal is ripping. Shopify whatever that is always goes up... Etsy... Etsy is interesting... I need to learn more about Etsy. Ebay on a pullback towards $42...

Which way next week? It still feels like a rip higher to me in my gut but the signs are growing that a correction is upon us...

Barry Bannister, Head, Institutional Equity Strategy Stifel:

"On Jun-8 the S&P 500 came within 99.5% of our 3,250 end-of-August target but quickly reversed this week, catching us offsides for three reasons we can surmise: (1) Shifting 2020 election trends threaten the tax cuts and deregulation, (2) Fed pledged to continue easing but did not increase the pace, a “2nd derivative” tightening, and (3) a double-dip recession is possible if media and government continue portraying SARS-Cov2 as a modern-day plague. As speculative froth created by excess liquidity peaks and fundamental analysis returns we switch to Equity Risk Premium for S&P 500 price targets: we see 3,100 in End December, 2020. The S&P 500 has been a buy at Equity Risk Premium (ERP) peaks and a sell at ERP lows since the 2007-08 Crisis.”

So from here to the end of the year DOWN 150 S&P points-! <--- They bury the lead with the mumbo jumbo language. That sounds like a tough trading environment.
 
One thing you can never lose sight of Stoney.... and I know you already know this but it is worth reiterating... stocks that are members of whatever index, for the most part on any given day, they move accordingly to that index; I mean obviously barring an ER or other company news.

You knew that though...
Sometimes I wonder if it would just be better to game these triple leveraged etf's intraday.
Ahhh... just ramblin Stoney. Futures down 1.5%.
 
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