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*Together with GameSquare, see disclosures below |
I can forgive people for a lot of things. |
Maybe you stole my car, or ran over my dog. |
I get it. Stuff happens. I can live with that. |
But when you speak out against the Cowboys, or even worse – ignore a Bright Idea that I put on a silver platter for you – I don't think we can be friends! |
It has nothing to do with me. I could care less what you trade with your money. |
But when I send you yet another idea that goes up 20% in a single day, and you ignore it… I have to wonder what is wrong with you? |
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It's like a person that goes to the best steakhouse 🥩 (or falafel, if that's your thing?) in town and hates everything on the menu. |
If that's you, I'll just ask… what's wrong with you? |
Do you hate trading? Are you so filthy rich that you could care less about cupcake ideas like this? |
I know most people though DID pay attention (it wasn't hard) and they probably had a great start to their week! |
I don't know about you, but for me, one of the worst things I can imagine as a trader is when a source I trust tells me about a new idea, I pass on it, and then everyone else makes money. |
That is infuriating 😠… and I've learned my lesson over the years! |
Now, the real question of the day is where do we go from here? |
There are two key levels I think are important to watch this week, which I outlined in the chart below. |
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The first thing to pay attention to would be yesterday's high at $2.75, which has also been a triple-top in recent weeks. If that breaks, then it would certainly be a very bullish signal. |
The other would be around the $2.40 level, which would be the Keltner channel support. |
I highlighted the "Gamma Trigger" breakout for you as well in the chart above. GAME broke cleanly above the moving averages and Keltner levels. |
That was a very big move from an oversold level – exactly the type of thing I told you to look out for! |
I don't think we could have asked for a better start to the week than what we just saw with GAME. I am really excited to see what is coming up for this stock as well. |
Considering that it traded above $3 just last month, I still think there is a lot of potential upside here. |
Make sure you keep watching GAME today, and the rest of this week! |
In case you missed the email I sent out yesterday, I cut the highlights of it below for you to review again. |
Have a great trading day! |
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Call me a nerd, but I spend a lot of time on the weekends reading about stocks and looking at price charts. |
After 20+ years of trading, I know I can't find hours of time to dig into stocks during weekdays, so the weekend is the most important research time I can get. |
It's where I put together my watchlists for the week ahead and hopefully come across some stocks that are trading at levels that are attractive to me. |
As I was reviewing a previous "Bright Idea 💡" from a few months ago, I literally couldn't believe what I was looking at. |
After digging into it more, I am now convinced it's one of the best opportunities I see in the whole market right now. |
The stock is GameSquare Holdings (Nasdaq: GAME) |
Let me tell you exactly why I think this is something you need to seriously look at immediately. |
Just a few weeks ago GAME announced their quarterly earnings report. Look at some of the highlights: |
👉Record pipeline and recent contract wins expected to accelerate revenue growth in second half of 2023 | 👉Company reiterates 2023 full-year guidance reflecting sales of $75 to $80 million, and gross margins of 30% - 35% | 👉Recently closed multiple seven figure, multi-year deals with customers across the healthcare, automotive, and CPG sectors | 👉We removed an estimated $5 million of annualized operating costs during the quarter and we continue to expect to realize at least $8 million of total annualized cost savings by the end of the year. |
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Folks, this is a company that is hitting on all cylinders right now, yet the stock has slowly drifted lower and lower during the summer doldrums. |
If there has ever been a candidate for a strong reversal, it has to be GAME right now. |
Looking at the stock chart right now, you would never guess that GAME revenues have been literally exploding lately 💥 – just as they have been forecasting all year. |
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You'll really find this insane… |
Look at the literal book value of GAME right now (as of their latest earnings report) |
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Forget about the future value of the amazing business they are building right now, the celebrity partnerships, the high-profile investors involved… the book value of GAME is $3 – yet the price of the stock today is hovering around just $2 a share. |
This means GAME is actually trading for less than book value right now. |
Can you say "massive opportunity" with me?? |
Just as a random comparison, I pulled up the book value on one of the hottest stocks in the world right now, Nvidia (NVDA). |
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Yeah, the book value on NVDA is around $11…. Yet the stock is trading around 40 times higher than that 🤯. |
Go pull that value on just about any other stock you follow right now and see how cheap GAME now looks in comparison. |
The next thing we need to discuss is the price chart right now. |
There have been some very nice trading windows if you waited for the bottoming process, then played the bounce after the stock traded back above the hourly indicators (which we are at right now): |
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This chart just shows the last month, and this back-and-forth action feels to me like a major bottoming process. |
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I am telling you, GAME is one of the highest-growth and most underrated companies out there right now. |
I think the market has completely missed the mark on this one and it's worthy of another look. |
From their recent investor presentation, you can clearly see that they have been forecasting stellar revenue growth, and they have been delivering! |
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To achieve growth like this, you want to be in a high-growth sector which GAME clearly is in. Here is another chart from their presentation that shows how massive the TAM (total addressable market) is for them… |
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Now, ask yourself, "What will happen to the stock price if GAME gets even close to these lofty numbers?" |
You can see why I think there is a big disconnect between where things are today and what is possible soon. |
If you like GAME (like I do) then you are in good company! |
Just check out some of the "A-list" roster associated with them, including: |
👉Tony Hawk |
👉Ninja, the #1 video game streamer on Twitch |
👉Jerry Jones, the owner of the Cowboys (the greatest team in the NFL)! |
 | (that GAME hat looks good on you, Jerry!) |
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We're looking at a company that doesn't want to just be an E-sports company… it's working to become the NFL of professional gaming! |
And with: |
Dozens of high-level sponsors (many of whom sponsor traditional sports clubs)
350+ brands and counting under their umbrella
An army of 1500 influencers engaging in grassroots marketing
And a revenue goal of $100 MILLION+ on the horizon…
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There is so much happening with GAME right now, it might take a while to digest it all, but do yourself a favor and start to do your homework on it right now! |
But just because I love this stock doesn't mean you should go in blind, which is why you should take a moment before you start the day's trading and see all of the details for yourself and build your own trading game plan. Take time to fully understand the risks, and potential rewards, of this amazing company if you decide to invest. |
A great place to start would be right here on the company's website or by digging into the company's most recent investor presentation. |
As always…to YOUR success, |
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By the way… 👉 Text "RAGE" to (888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone! |
*This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results. |
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FULL DISCLOSURES |
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