Open has seen a significant rally of 8.3% from $4 to nearly $6, but investors should take profits as it has a history of peaking and selling off.
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Iran War Intensifying | Here's What Happens Next
The creator discusses the current market sentiment, which has shifted from bullish to bearish due to geopolitical events involving Iran and potential peace talks. While the Nasdaq is showing weakness, the creator believes individual stocks like HIMS and MSTR present greater opportunities for shorting due to their current elevated levels and potential for significant downside, especially if the broader market corrects. The creator also touches on speculative stocks like CAR, Avis, and Oaklo, and expresses concerns about insider trading and politicians enriching themselves.
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Tickers discussed in this post
Oaklo has experienced an overbought reversal and offers potential downside of 25-30% if it begins to sell off.
Avis could benefit from a share offering to provide liquidity and realize profits, similar to GameStop's strategy.
Hims has sold off to lows of $27.85 and is showing weakness, with potential for 8-9% further downside if the market sell-off continues.
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