tom_witte's HOFV Trade $-39.25

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Trade Details
Published: Mar 24, 2021
Status: Closed
Broker: TradeZero
Asset: Stock
Symbol: HOFV
Type: Long
Patterns: BULL
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
7.35 6.61 $2.00 50.0 $367.50 -10.14% $-39.25
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
Mar 24, 2021 13:48:04 Entry 50.0 $7.35 $1.00 $0.00
Mar 24, 2021 13:49:34 Exit 50.0 $6.61 $1.00 $0.00
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Notes

HOFV, up by 74% to 7.02

 

Company characteristics

  • Eps is 2.68 so positive as fuck
  • Healthy company, with large insider buying in the last 3 months
  • Revenue in 2020 is 7 mln.
  • Dlpn 5/6 margin on revenue, so will increase the revenue of hofv, by 10 million, however this partnership is based on the ability to sell and buy content as NFT’s which is worth 10 mil for hofv, but is certainly is a bubble now.
  • Hofv will open at 7.5, opened lower at 7.27

 

Market in favour:

  • Spy is up up up, pre-market

Sector in supporting direction:

  • Sector was a little bit in favour
  • Competition was going up pre-market: DIS, DKNG, MSGS

Hot sector:

  • The company was very hot now, selling NFL related games and recreational things

Short interest:

  • Short interest 16%

Volume spikes into the breakout:

  • Is going in both directions

Elevated Rvol:

  • Rove is 600%
  • Volume in before market open 17 mil
  • Avg vol is 13 million

News catalyst:

  • Partnership with DLPN to use NTF to sell their soccer games
  • Could bring in a worth of 10 mil in revenue I expect.
  • NFT certainly in a bubble, but as was the internet in it’s early days.
  • Is a young company that is highly profitable
  • Eps is 2.68 so positive as fuck
  •  

Technical levels on the daily chart:

  • Pre-market high is at 8.1
  • Support is at 6.8
  • Resistance is at 7.2

 

 

 




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