A stock that almost made the Longshots list

BY ANDREW GIOVINAZZI

January 17, 2025

I went live last night to walk through how stocks jump onto my Longshots list of equities that I want to own. Not every stock makes it to an investment but I have to start somewhere. I have to have a list. Stocks need to get on that list.

While there are many ways to get on a list of stocks my favorite is one making 52 week lows. Then I do something important, I ignore the stock.

Now this is a stock that is picking up significant Big Money Flow. It came up in class today and the volume appears to be too big to ignore.

As near as I can figure, this trader has been buying these options since they are sub-.99 and I believe he is still accumulating in fits and starts.

This stock is Uber Technologies Inc (Ticker: UBER)

I famously do not go anywhere unless I have to. So I have little use for UBER most of the time. There are plenty of people who do and UBER made a 52 week low a long time ago. With all of the AI talk and robotaxis I thought that would be good for UBER in general since they are poised deploy the fleet.

I think the 80 call buyer in May is right. I am riding some UBER calls off some news out of NYC that is charging a “congestion tax.” A move to the low 80’s does not seem unreasonable.

UBER is not on my Longshots list but now that it makes solid profits it is likely to stay as a vehicle for rideshare. Buckle up!

To Your Trading Success,