BARK WYCKOFFWould love to hear opinions on this, does this look correct or is there something missing here?
BARK trade ideas
6/3/24 - $bark - interesting long setup, but risky AF. thoughts?6/3/24 - vrockstar - NYSE:BARK - tough one to recommend period. love the brand, there has to be something to this. but when you look at the QoQ trends, while they're getting a bit more GP vs. sales expense (when looked at as a rate of change) it's improving... but on absolute levels, they're still spending more to take in less. this is a biz still in scale mode. the balance sheet looks fine, the cash burn looks under control. for my own taste i'm just watching this thing.
i would highlight the laughably high 20 days to cover short? idk if i'd be short this dollar stock to that point the mkt is suggesting. seems like bad risk reward (if anything i'd actually be more long biased all else equal).
given the NYSE:CHWY move, this could be a good tag along, they've actually tended to trade very similarly.
anyone have a POV here?
Pay attention to management and board changes... Do your due diligence and research the background of the new C suite execs and board members. I see a dream team that could potentially result in the sale of BARK to Petsmart. I'm loading up every time the stock dips to 1.08. At worse this is a healthy company with low debt and earnings forecasted to grow by an average of 50% per year for the next 3 years. As best, it's a potential acquisition target. Happy hunting!
BARK a dog supply speciality stock Reverses LONGBARK is the stock of a relatively young company.It is now growing
and has had positive earnings The chart shows a reversal from the
prior downtrend which started with a double top in January.
The order block indicator shows a base of buy order blocks forming the support.
Upside is 45% to the resistance of the double top and the sell order
blocks. The anchored VWAP shows that price was supported by
the line of two standard deviations below VWAP in the deep
undervalued zone. However, with the reversal, price is now targeting
the VWAP itself which also could be an initial target for trade.
Fundamentally, no matter whether a recession is impending, people will care
for their dogs and sales should not suffer. If anything, people will seek
value deals compared with brick-and-mortar sources. Not a coincidence
but another dog-related stock WOOF is on an uptrend as well.
As a penny stock, this is a risky long trade however I also see the
reward potential. The call options for expiration on 5/19 are
priced at about $10 per contract making them very affordable
way to leverage the trade.
see also the stock analyst report linked here stockanalysis.com
BarkBox is UndervaluedThis is a company that has high insider ownership at 30% and more cash than debt with market cap at 255.22 M and enterprise value at 222.40 M. Balance Sheet
The company has $166.31 million in cash and $133.49 million in debt, giving a net cash position of $32.82 million or $0.19 per share.
The company has a current ratio of 3.20, with a Debt / Equity ratio of 0.67.
bark.co
This companies stock is looking to possibly be a great long term investment in my portfolio. Since they are growing year after year.
Buyers like Bark Box at 4.00Fundamental view: I use this company personally. My girlfriend introduced me to the company when she signed up for their services. It's a great idea, they basically send your pet a customized goodie box every month. Pet industry sales surpassed 100 billion for the first time this year.
This company IPO'd a year ago roughly, I know a lot about early stage investing. My mentor makes his living on pre presale rounds. Basically my theory is that early stage investors dumped their shares on the public when the company was offered giving us this consistent downtrend since its inception.
Quarterly: We made it almost to $20.00 before selling off to 4.00, a 5x discount from its first quarter highs.
Monthly: I drew a trend line off the first highs available simply to highlight that the supply line has been tested multiple times already, how much more before it breaks and holds?
Weekly: The market is consolidating well below the range, in newly formed trends these "free bars" are indicative of trend strength, but in mature trends they're more indicative of a parabolic/ oversold condition.
Daily: The market was oversold relative to its most recent demand line on this timeframe. Also, the market tested $4.00 on 3 different days recently and found demand in the short term with no closes below that level. Nice even number, third times a charm.
On investments of this nature I typically aim for the IPO price, so $13.00, not a bad return.
Thanks for reading, hit the like button!
Closed: BARK May 20th 2 x 5/7.5 Back Ratio Spread... for a 3.47 credit.
Comments: In for 3.15 on Friday (See Post Below), out today for 3.47 shortly after the open. .32 ($32) profit, 10.2% ROC.
Opening (Margin): BARK May 20th 2 x 5/7.5 Back Ratio Spread... for a 3.15 debit.
Comments: My dog got into my brokerage account and took this trade (and then ordered a bunch of Bark Box stuff).
Buying two 75 deltas out in May, selling the 50 delta to yield a synthetic position with a delta metric of around +100. I'll start looking at taking profit at 120% of what I put it on for.
:) helloBark here with a nice Cup an handle an touched the support line i think this is the time to buy this but off couse dont buy because i say i have the stock from avg price at 7,5$ ish :)
$BARK double bottom and gap fill for 50-100% gains$BARK is hitting a double bottom giving a great entry point for future outlook.
Analyst price targets range from $14 to $16
4-10-21 Catching a Falling KnifeYeah this stock is extremly unvervalued right now. amazing growth, new products being received well etc etc.
20-9-21 Shake OutBARK is one of the few SPACs that actually delivered with earnings this quarter.
High volume shake out shows sellers are gone and might create FOMO. Especially since they started accelerating retail sales and food program. They also got more social media followers than Peleton. These fundamentals can easily translate in FOMO as sellers are gone.
$bark 3d wave incomingsee $bark Elliot Wave Action
great retracement at 0.786
Looking at 14$ 3d wave complition
