Today we were discussing the purchases of Netflix NASDAQ:NFLX by Bill Ackman:
Ackman sent a letter to investors in his hedge fund saying he had bought more than 3.1 million shares of Netflix, the video streaming pioneer whose stock had seen such vast reversals in recent days that it had been trading at June 2018 levels.
At Netflix’s current price of about...
With the fundamental : Billionaire Bill Ackman's blank check company, Pershing Square Tontine Holdings Ltd., has signed a deal to buy 10% of Universal Music Group for about $3.95 billion. Tight Risk Stop 22.00. Entry 22.50. Target 35.60.
To trade the markets you have to be AWARE of the world and what is going on. We have to read the news every day but we should not always take what people are saying at face value. The news is never a leading indicator but it can at times be an INVERSE indicator. Don't get played by big money "talking their position" ...
In this video we look at examples of...
I’ve been in Ackmans SPAC since the beginning. Holding 100 shares with a cost basis of $20.57. Can’t wait to see what MONSTER he takes public!
If you haven’t read up on the special tontine rule with this fund go check it out. If you hold through the merger you get warrants!
Nothing much could be done to technically analyze PSTH given that it has a short historical data (just IPOed).
However, given that it is a blank check company (SPAC) with potential to raise more capital to acquire long-term high growth companies and some hardcore value investor and highly intelligent men are behind this SPAC, we could only imagine the upside that...
If you trust Bill Ackman, his new SPAC Pershing Square Tontine Holdings looks like a great candidate for a very short-term covered call position. Ackman has been on fire lately. Last year his flagship fund Pershing Square Holdings was up 58% and this year to date he’s up 46% after he turned a $27 million hedging position into $2.6 billion as markets tanked in...
You can thank that little price hiking hedge fund manager and people like Bill Ackman for the Healthcare/Pharmaceutical correction. Looking at the weekly using Fibs as reference points i believe healthcare over the next few months will begin to sell. I have a target of the 1.618 extension of 59.76 and a second target of 53.31. I'm using XLV to short because...
Air Products and Chemicals shares have been trading in a nice uptrending channel for nearly two years. However, for those looking to buy APD it is not an ideal time right now. The stock is now near the top of the channel (RSI near highs as well) and could be setting up for a pullback to mid to high $140's in the coming weeks (major support at the 40-week SMA).
On...
