Our Next Moves After Snowflake Took Off

[RagingBull Elite]( Dear Trader— Jeff Bishop here, I’m writing to you from the RagingBull Baltimore office, where I’ve just spent the past few days. I flew down from our headquarters in New Hampshire, so that we could re-envision some of our trading newsletters— and continue to churn out some of the most actionable market content on the web. Among those in company this week was Ben Strugill, our resident IPO trading expert. It just so happened that while we were chatting yesterday, this year's hottest IPO— Snowflake (SNOW)— absolutely took off. We want to brief you on what went down— and more importantly, what action we’re anticipating ahead. We saw some amazing moves in the market yesterday. Stocks like LUV, HA, GPS, and many more were strong like a bull. However, SNOW made one of the most impressive moves on the day, going almost parabolic in the second half of the trading session. Just to recap, Snowflake is a cloud-storage company and is also a recent IPO. There was a lot of hype surrounding the name: tycoons like Warren Buffet invested into it. SNOW opened for trading on the NYSE on September 16th at $245 and exploded to the highs of $319, up more than 30%. However, the stock sold off since then and most recently traded in a range between $230 and $250. Since September 15th, SNOW has been slowly creeping up. Two days ago it finally skyrocketed from $250 to $271, closing at highs. Yesterday’s move was a continuation of that momentum. The stock went from $270 to $300 in just four hours! The interesting thing about this move was that there was no fresh catalyst: someone really wanted to be in this stock. Here’s a brief chart analysis of what some traders looked for to enter and exit: Hindsight is always 20/20. However, traders should make sure to familiarize themselves with these clues. It can help you learn how to interpret the action in real time and take advantage of these momentum movers. Ben Strugill is our man at RagingBull who has the strongest handle on these IPO movers and shakers, and he explains the whole process in much greater detail through [his IPO Jackpots ebook.]( If you ever heard us talk about sector trades, it’s because we like them a lot. Sector trades tend to yield great results— excessive demand and money influx generated by the grand excitement drive up everything even if only distantly related. If you’re on the right side, you really don’t need to do much— for a while any ticker in the sector will march higher. Believe it or not, IPOs themselves can turn into a sector. This has happened multiple times over— when a few IPOs do great, traders tend to readily jump on everything that follows (or precedes), fearing they’ll miss out on the next big thing. Today’s All Access watchlist is exactly about that— the few names that stand to benefit the most from the noise that SNOW’s making: Unity - U - Unity is a software company that develops and distributes the eponymous Unity engine— a 3D development platform that powers some of the most popular video games on the market: Final Fantasy, Angry Birds, Pokemon Go, to name just a few. - In a highly anticipated IPO, the company priced 25 million shares at $52, above the anticipated $44-$48 range. The stock then got a further 44% boost— trading commenced at $75 pre share - Much like SNOW, the seemingly overvalued company has been consolidating steadily, failing to break down indicating the market’s been very greedy for quality new offerings - Assuming current levels holds— and with the support of the IPO sector— we’re bullish and want to join the trend on dips Our game plan is as follows: - Buy zone: $97-$102 - Profit zone: $109 for half, ride the rest till $18 and keep small for continuation - Stop zone: $95 Array Technologies - ARRY - Array is a manufacturer of solar tracking solutions— devices that adjust solar panels in accordance to the position of the sun and increase the output and efficiency of solar power plants. - In mid October, the company priced 47.5M shares at $22 per share, up from planned 45M shares and $18-$21 range anticipated. The trading commenced even higher and the stock opened above $29. - Shares have since held in the $38-$40 range but failed to break higher until yesterday— the stock closed slightly shy of $44. - The chart is currently indicating the classic IPO breakout pattern and we won’t be surprised to see further upside. On top of that, the solar sector has been incredibly hot lately and any uptick there will provide additional support. Our game plan is as follows: - Buy zone: $40-$43 - Profit zone: $49 for half, ride the rest till $52 and keep small for continuation - Stop zone: $39.3 Palantir Technologies - PLTR - Much like SNOW, Palantir’s IPO has been one of the most anticipated market events of 2020. The company is in a one of a kind business: it uses Big Data and AI technologies to assist governments and private clients with crime prevention and fraud detection. - With Peter Thiel at its helm, no wonder ordinary investors were super excited to own a piece of the company— the stock finally IPO’d 257M shares in a direct listing, more than 244M it had originally intended, at over $10 per share vs $7.25 previously indicated. - Shares have since hovered above $9 and have failed to move lower in a pattern very similar to that of SNOW. - While PLTR is the least exciting of the 3, we believe it can still make some noise, should the rest of the sector get out of hand. Our game plan is as follows: - Buy zone: $9.4-$9.8 - Profit zone: $10.40 for half, ride the rest till $11.2 and keep small for continuation - Stop zone: $9 If you want to learn about IPO opportunities everyday through the watchlist of a real-money trader, [check out IPO Payday with Ben Sturgil.]( One of the keys to becoming successful traders is diversifying our strategy. That means not putting all of our eggs in one basket. As you will notice at RagingBull, most of our pros have a variety of strategies they implement, depending on what opportunities the market shows them. One of Ben Strugill’s other profit buckets, outside of trading IPOs, is placing a trade on the SPY everyday. He sets a daily target of 10%— everything else is “gravy”— with the goal of exiting before lunch. Every trader who chooses to learn from Ben’s SPY strategy is different and results could vary, but traders like Dale have fallen in love with it. *RagingBull does NOT track or verify subscribers' individual trading results and these individual experiences should NOT be understood as typical as or representative. Please see our Testimonials Disclaimer here: Ben recently sat down in [a special training event here]( to walk traders through his SPY trading process. [Earnings Season Is Here: How I’m Playing It]( By Jason Bond of Jason Bond Picks [article preview]( --------------------------------------------------------------- [SQBG and EVK Take Off]( By Jeff Williams of Penny Pro [article preview]( --------------------------------------------------------------- [Market’s Heading in This Direction]( By Nate Bear of Weekly Money Multiplier [article preview]( --------------------------------------------------------------- [How I Take Advantage Of “Long-Term” Catalysts]( By Kyle Dennis of Biotech Breakouts [article preview]( --------------------------------------------------------------- To Your Success, Jeff Bishop RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. 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