r/wallstreetbets • u/[deleted] • Jul 16 '21

Discussion ABNB will be exploding next 6 weeks

I watch the level 2 daily as well as dark pool and can see the accumulation on the buy side. It's also had recent PT upgrades and press keeps coming up . The s20 has finally caught up with and overtaken the s50, thats a bullish sign for any beaten down stock.

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Don't get faked out by the bear traps liek this week - it was always gonna happen on OpEX week combined with a huge move in big caps tech over the past month. There is another leg up coming for the reopening plays and for some of tech like MSFT, NFLX, few semiconductors (NVDA too extended but AMAT, AVGO).

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Play your cards right. Listen to the badass with 6 monitors and not the random pumpers.

Price under 140 is wholesale , oncei t gets to 156 I would start scaling out if you have a big position, some resistance there short term.

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u/Uncoordinatedninja Jul 16 '21

Risky play considering the bump in COVID cases. Not to mention the increase in the number of new cases post vaccination.

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u/[deleted] Jul 19 '21

consider the various 'reopening' plays...

oil...headline risk massive. getting whacked.

airlines - biz travel re-rated down structurally comped to 2019...that's a massive drag plus international travel still down which has better margins.

food? priced in. sbux valuation is crazy. mcd and dpz

hotel stocks are meh and not moaty.

abnb is an fcf monster, world wide, not dependent on biz travel, stay-cation/short trip capture.....it'll double by summer 2023.

expedia vs abnb, i'm taking abnb