I’ve been buying ballast stocks and calls with profits. New ATHs are leading them to profit. Vestis is a AraMark spinoff that does commercial laundry. It spiked on announcement of earnings next month. I will likely sell into volatility just before. An aspirational sell order went through this morning on LNTH calls. The stock is up nearly 30% today. Haven’t yet seen why. But I chose shares and calls based on their earnings growth. Lovely surprise to see they sold at 300% profit.
Vestis split from ARAMARK last fall. it is a laundry and uniform company. The sort f boring business that I seek to provode ballast for my portfolio of largely tech and some crypto related tickers. I started this position this week as I feel tge company os poised for success.
Vestis has potential for increased profit through expansion of product offerings and new market entries. Analysts consider it a high return bet despite lower valuation compared to competitors.
Pre-Market Stock Movers Gapping up Shares of$UWM Holdings (UWMC.US)$rose 4.3% in premarket trading after a BTIG upgrade to buy from neutral. BTIG said the valuation for the parent company of United Wholesale Mortgage does not reflect the upside from a potential stabilization in interest rates. $Orchard Therapeutics (ORTX.US)$soared more than 98% on news that the company would be acquired by Japanese pharmaceutical Ky...
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Moostafari : Always have to look if there are buyers before buying calls