A Flash 10 stock from the Longshots list is waking up again

BY ANDREW GIOVINAZZI

January 12, 2024

Yo Pit Crazies,

So I went on vacation for a few days and the market decided to sell off. The Fed is not into lowering rates and the tragic fire in the Pacific Palisades just sent sentiment into a tailspin. I spent time growing up in Pali where my grandma had a nice apartment on Sunset Blvd. That whole beautiful area is gone now and my sincerest condolences to anyone who lost someone or lost a home or business.

Just a terrible disaster and sadly the result of many things going wrong at once; poor policy and the Santa Ana winds and likely someone starting a fire at the wrong time created the mess. Usually a Perfect Storm comes together to create a horrible outcome. There is no one factor. The stock below that I am highlighting ran into the Perfect Storm. After riding the post-Covid high, this stock got crushed with a Perfect Storm.

The good news is that I did own some calls that I shared with folks in Delta Strike that we are still riding. What makes this stock so great to own right now? I am 9 for 10 in my Option Fingerprints strategy and I want a new list.

Learn to follow the steps when searching for Option Fingerprints here.

The biggest issue with investing is patience

Below is a list of my Longshots stocks that I would pick 10 from to make up trades for the next 9 months. I did not buy all of them because quite simply they did not fit all of the inputs to make a trade. I don’t mind being late. WalgreensBoots Alliance Inc (Ticker: WBA) got caught in the perfect storm- post-Covid traffic drop, investing in Doc-in-the-Box businesses, big city theft issues, declining drug margins to name a few sending the stock down 80% or more in two years. WBA was on my list but had not produced the earnings turnaround that I require for an investment in my Option Fingerprint strategy. WBA seems to have turned a corner and still has $147 Billion a year in revenue with a $10 billion market cap. The big write downs should be behind it.

Below was my list from early September that I gave away in my Flash 10 Webinar.

HOOD

CHWY

MMM

PTLO

WBA

CVS

APA

AAL

CLAR

ALB

CSCO