For a second week in a row, we are unable to identify any compelling technical setups for a Stock of the Week. While many charts are starting to develop, it is premature to be an aggressive buyer at this time.
We believe that good opportunities are developing in some of the most oversold areas of the market, such as growth, small-caps, biotechnology, cannabis, and de-SPACs, but it is too early to aggressively build positions.
As always, we will keep Shark Investing members advised of our positioning and will send special text message alerts if we intend to ramp up our buying.
This post is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this post. Do not buy, sell, or trade the stocks mentioned herein. We WILL actively trade this stock differently than discussed herein. We will sell into strength and will buy or sell at any time for any reason. We will actively trade into any unusual activity. At the time of this post, principals, employees, and affiliates of Shark Investing, Inc. and/or principals, clients, employees, and affiliates of Hammerhead Financial Strategies, LLC, directly or indirectly, controlled investment and/or trading accounts containing various positions. To accommodate the objectives of these investing and/or trading accounts, the trading in these shares will be contrary to and/or inconsistent with the information contained in this posting.
