Tuesday, June 8, 2021

2 Travel Stock Plays to Bank on Pent-up Demand

 
June 8, 2021
 
This New Trick Makes Trading Seamless
Thanks to legendary trader Tom Busby finally breaking his silence, everyone now has the chance to grab winning trades and three-day weekends — every week!

Tom discovered a way to tune out all of the noise in the stock market…

We're talking about gains like 90% on RIOT… 147% on FCX… and even 232% on ORCL.

It's a little "Tuesday morning tip" that tells him exactly which trades Wall Street could be pushing higher.

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2 Travel Stock Plays to Bank
on Pent-up Demand
Roughly half of our nation's total population has gotten at least one COVID-19 shot  — about 165 million people — as of the end of May. And over Memorial Day Weekend, travel numbers spiked, hitting pre-pandemic levels.

So I get why everyone's been asking me for travel stocks banking on pent-up demand.

All signs are pointing to a busy summer, and sentiment always precedes future changes in the price of stocks because the market is forward-looking. So it anticipates most things ahead of time.

Bank on These
 
The AMC Hype Is All Hype — and We've Been Here Before
There are a lot of things we could have talked about… Joblessness was down a little… Gold was down a lot... The short squeeze saga continues

But none of these things feel like they matter.

Spoiler alert… they don't.

The big headline of the day on Thursday was that shares of AMC plummeted after the company filed to sell 11 million new shares on the open market.

When a stock drops over 30% after it was up over 100% in a day, are we supposed to care?

Maybe some people do, but not me... Hell, I wrote about this all the way back in October!

Because this drama is so old hat at this point, I thought it would be constructive to go back to the beginning of all of this short squeeze nonsense and retrace our steps, one by one...
Let's Retrace Our Steps
 
"Roger, I like your professionalism, integrity and dedication to clients."

Vincent R.
A Double Top is a chart pattern, characterized by two consecutive peaks in price. The double top looks like the letter "M" and signals a potential bearish reversal of an established uptrend.
 
 
 
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