Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
If anything we kept hearing even more bells ringing the top this week, as Mike Saylor and Palantir got added to the Naz (seriously can anyone explain wtf PLTR does???). Meanwhile Thomas Peterffy was making the media rounds, warning the world that Mag7 was 70% of their trading volumes and margin loans are mooning; he seemed quite worried about the plumbing if we see a 50% pullback in the meme assets. Staring at the relative strength of the General (i.e. NVDA) as QQQs make highs, it seems like the new year is going to get rocky…
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Cluster Insider Buy Monitor: Insiders bought again at the recreational boat retailer, Onewater Marine Inc. (ONEW). The CEO bought ~$670K worth within the past 30 days, and a director bought ~$48K worth. Insiders bought in August/September as well. In June, the company announced that it is evaluating strategic opportunities and stated, “as a matter of policy, we do not comment on market rumors or speculation.”
Index Addition Monitor: Not a huge shocker but MSTR is headed to the Nasdaq 100 along with PLTR, both of which are minting tendies…the bell is ringing….
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Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!