RE:Share price expectations post launchHere is my Technical Analyst Insights, Thoughts and Assumptions/Guesses:
For starters we got to look at "THE TREND" or "UPWARD TREND CHANNEL":
Using a 3 Month Daily Chart MACD bounced up - failing to cross down for second time (BULLISH) yesterday!
- August 15th when price dropped and closed at low of day @ $0.49 looked like SP was going to drop and MACD would cross down BUT downtrend was bucked, stock price jumped 4 straight days to $0.72 52 Week High
- Last week; retested $0.60 - $0.61 on multiple days on low volume nonetheless, then yesterday on Fridays surge in volume bucked the trend climbing to New 52 Week High, closing at that high of $0.73 (BULLISH)
DRAWING UPWARD TREND:
Using the 07-30 bar where stock jumped from $0.40 to $0.45 (12.5% spike) and the 08-15 bar which closed at low of day of $0.49 forming HIGHER LOW for us to plot our uptrend channel.
From a technical standpoint, the stock was sitting near the high of the channel recently with low of the channel down at $0.57 - $0.58 HENCE REASON I THINK MANY WERE SITTING ON THE SIDELINES.... I personally know 3 multi multi millionaires looking to jump in and all said same thing: "waiting for it to pull back to a price that is more appealing" - they were thinking short term and believe many MORE were doing the same. These same people I think got scared "FOMO" (Fear of Missing Out) and when we technically broke out AGAIN Friday, breaking to $0.66 turning all technicals: RSI, MACD, and Stochastics POSITIVE aka BULLISH with Volume Surging to back up the technicals... the money on the sidelines started pouring in, hence the million share volume which was much greater than the very low 117K and 237K volume days prior.
SO WHATS NEXT FOR NEXT WEEK ONCE PR LAUNCH COMES OUT? Thats the million dollar question! My thoughts are:
Most probably Scenerio based on all that is currently transpiring for this company:
PR is positive and proves that app is awesome, soft launch was a major success and we are ready to LAUNCH NOW making revenue! In this scenerio, I believe we could get BIG Volume that allows the stock price to spike to $0.89 - $0.90 testing the 5 year High hit April 24th. (Thats the high I believe we can realistically reach Short Term)
Scenerio #2) SELL ON NEWS
Not only would it take 7-8 Million + shares type trading day (10X typical Volume day) for us to close any where near 5 year highs, even if we popped aka spiked to $0.89-$0.90 level I would expect us to settle or trade back down to or around the $0.75 - $0.77 level stock price (average closing found in April to June 2015)
Heads up NOW to all Longs; none of us should be upset if we were making a new higher support in the mid to high $0.70's when 50 & 200 Day MA is $0.44 and $0.36 regardless of the level we pop to next week - meaning THERE IS GOING TO BE SOME PROFIT TAKING FOR SURE on the Next Spike/Push in Stock Price my opinion)
MOVING AVERAGES: 50 Day MA = $0.44
200 Day MA = $0.36
At $0.73 we are now 100% above the 200 day MA so LONGs do need to understand we are a little stretched here and riding high on "speculation" - this can continue based on the IMMEASURABLE POTENTIAL to $1.00+ but will at some point lead to a spike causing a top to be formed and could quickly be followed by a 30-40% retracement
at which point we are going to get a bunch of Stockhouse members crying the blues cause got greedy and bought too many shares, continued to buy at too high a price, or just simply bought in TOO late!
As such, I have said a few times -
have a LOT of shares you do not trade... which for me is only 25K I bought and forget about - its a $15,000 investment I honestly and truly believe will be $150,000+ -- I put this holding into a seperate TFSA account as Im Canadian and dont want to pay the hefty Capital gains tax I know it will one day be.
For the trader types like me who get bored to death "buying and holding" have a second lot of shares and seperate account you trade Score media. I recently bought on Wednesday just 10K @ $0.62 .... I tried to buy another 10K @ $0.61 but didnt get filled (damn it! lol) ... for me 20K or $13K approx was most I wanted to hold in my margin account due to the fact its not marginable so I cant leverage the funds.
This 10K I just bought I hope to flip at $0.90+ within the next week or two for a quick 30-50% trade I believe just may be possible.
END OF THE DAY; all this T.A above is only clues or data to try and better determine probabilities of direction.
Facts are in my opinion, this company and the management around it, have been preparing for this exact moment for the last 5-10 years! Life and success in life is all about timing, and for The Score, I believe there time is NOW!
Any one on the sidelines watching - you are crazy to not be invested! Any one shorting - God Bless Your Bank Accounts! lol
I been trading and active investor for over 20+ years now, and only came across a handful of companies I just knew was "the one" - the right company in the right sector, with the right management, at the right time... Score Media is one of them! Watching John Levy most recent Investor Presentation gave me goosebumps. Few Men you see who still have that heart and attitude of a child - fearless, confident beyond conviction, and excited with joy!
IN MANY WAYS JOHN REMINDS ME OF JEFF BEZOS, AND I BELIEVE LEVY FAMILY IS GOING TO TAKE OVER SPORTS BETTING WORLD WITH DIGITAL/MEDIA MUCH LIKE BEZOS DID WITH ONLINE RETAIL/LOGISTICS.
This is Johns baby, his legacy to his family name, and if some one is going to buy us out - it WILL NOT BE until John has taken the company as far as he can and as big as he can and even so at that time, it will not be to anyone other than the biggest and best company who will pay top premium dollar to make the shareholders (of which he is the biggest one) HAPPY & VERY WEALTHY! Hold onto your shares boys... this ride is just getting started.