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This Week's Top 5 Trades
DoorDash was featured in yesterday morning’s newsletter as a day trade. Given market volatility, we have been trading for cash flow the past few days and looking for quick profits. We bought DASH at the open, and because it closed strong, we held overnight, as mentioned to our subscribers. It started strong today as well and then lost steam mid-day, where we decided to exit the position for a two-day return of 8.4%.
Datadog Inc was featured in last Friday’s newsletter. We specified to our members that we were only looking to buy if the stock got above $95, which is the level where we expected buyers to come in. The stock hit our entry and took off for a solid week, just as planned. Today, we closed the position at $1 above our target price for a six-day return of 8.7%.
Crowdstrike Holdings Inc. was featured in last Friday’s newsletter. We gave our members an entry price of $223.50 and a target price of $250. The stock opened slightly above our entry, so we bought the open and sold it today just shy of our target for a six-day return of 9.2%.
DocuSign Inc was featured in last Monday’s newsletter after a solid performance due to a strong quarterly earnings announcement. We liked the trade and liked the story as the days of pen and paper are over. We gave a target price of $270, and we sold this one at the close today, over $4 above our target for a ten-day return of 18.8%.
This week’s top trade and by far the most exciting trade was in Orphazyme A/S!
We featured this trade on Tuesday after we spotted several clues that were indicating a massive move higher. We gave our members an entry price of $12.50 and were looking for a $5-10 move. The trade triggered on Wednesday and immediately after it hit our entry price it halted twice as it was going up, and the adrenaline was through the roof. We ended up getting over $10.50 profit per share for an absolutely monster one-day return of 84%!
(See below the detailed game plan sent to our subscribers and stock move)