WSB picks for February 8th: GME, OCGN, GOVX, GOVXW, TYME, LIVE
Since the Wallstreetbets site is getting pretty crowded, we are going to use this blog as a place to store more DD.
GME is in consolidation mode at $60. While it's consolidating and a hold, other stocks are on a run.
OCGN, GOVX, GOVXW - OCGN is having a massive breakout. Expect GOVX to move up as a sympathy play. GOVX has received a grant from the NIH to develop its own one shot COVID vaccine good against multiple strains. It's up 12% so far today but has a market cap of just $27 million. It also has warrants strike price $5 expiring in 2025. If the stock price triples to $20, the warrants move to $15 from under $2. Just look at BNGOW or BLNKW to see the types of returns that are offered by warrants.
TYME - starting to have a breakout after trading below a $2.50 financing. Financing has closed. Looks ready to go on a run after patent claims to treat COVID-19 infections.
LIVE and KOSS - these two are small float runners, instead of heavy short interest plays. KOSS already ran over $100 from less than $10 and LIVE can have the same potential from $28. These two are okay because their floats are so small that putting a little bit of money here won't really impact your ability to buy and hold GME. KOSS ran over $100 on January 28th on only 11 million volume. LIVE has volume of less than a million and if it got to 10 million volume in a day it would probably run like KOSS too.
Live Ventures Incorporated is a mix between GME and KOSS. It has a business like GME and a float like KOSS.
This is KOSS's share stats from Yahoo:
This is LIVE's share stats from Yahoo:
LIVE's float is actually much less than KOSS, 1.26 million versus 3.72 million. LIVE also has more short interest, 79.52K or 6% of the float versus KOSS with 12.76K or less than 1% of the float.
LIVE owns Vintage Stock. Vintage Stock is a retailer like GameStop that sells Music, Movies, Video Games, Comic Books, Posters, Toys and Sports Cards. It has about 60 locations across the southern United States.
LIVE also has really good financials, it has only an 8 PE ratio. Most companies have a PE ratio of 20 or more.
Can this one go to $1,000? Or at least $100. We think so.
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