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Kyle Dennis Review: Fast 5 Trades Review – A 40% Move In Luckin Coffee Uncovered

Kyle Dennis Review: Fast 5 Trades Uncovered A 40% Move In Luckin Coffee. The reason why LK was Kyle Dennis highest conviction trade idea, which was sent out to Fast 5 Trades subscribers, was due to the oversold chart pattern.

Did You Miss The Move In LK?

Luckin Coffee (LK) seems like it’s back from the dead… after opening up for trading after it was halted for more than a month.

It’s been one of the most hated stocks in the market… and it’s even facing delisting from Nasdaq.

The stock opened at $2.52… and hit a low of $1.33 recently.

But LK was popping this week.

Heck, this stock was my highest-conviction trade idea this week

I know what you’re thinking… “Kyle, how could a stock that was accused of fraud be your highest conviction trade idea?

Well, I actually saw value and figured LK could pop after its recent sell-off.

Why?

How I Uncovered A 40% Move In Luckin Coffee (LK)

Now, if you don’t already know… LK shares dropped from more than $40 to under $2 in just a matter of months…

LK is a company that has been accused of fraud and their CEO and CFO actually stepped down a few weeks ago.

There’s been a lot of awful headlines surrounding the company, and the selloff may have been justified. However, it looked to be overdone to me.

You see, LK is still one of the most popular coffee stores and brands in China… and actually has real revenues.

The reason why LK was my highest conviction trade idea, which was sent out to Fast 5 Trades  subscribers yesterday, was due to the oversold chart pattern.

Basically, I figured LK could catch a bounce.

Now, don’t get me wrong when I say it was my highest conviction trade idea.

I wasn’t looking for this stock to go back to $40… I was just looking for a pop in 5 days or less. That’s the goal of Fast 5 Trades for me.

Chart Courtesy of StockCharts

With LK, it was already catching a pop, and on May 26 at 10:05 AM… here’s the plan that I sent out to Fast 5 Trades subscribers…

Buy Zone: Under $2.25

Profit Zone: Over $2.50

Stop Zone: $1.40’s

My Action: I bought 20k shares at $2.09

Traders could’ve bought shares below $2.25… and it actually formed a bullish chart pattern. I was only looking for a quick 10% winner, in just a few days.

This morning, LK made a large move…

Chart Courtesy of StockCharts

Sure LK made a move after the open… but I was actually taking profits in the pre-market.

Here’s the note I sent out to Fast 5 Trades subscribers at 7:11 AM this morning.

LK is up about 40% from the entry point of $2.09 yesterday, as shares are trading at a high of $2.95.

BEA-uuuuutiful!

Shares could go higher (or lower) from this point right now, so I’m just going to take my profits, as it’s way above my target profit zone.

My action: I sold my shares of LK at $2.89 for about a $15.7k win!

Extra note: If you don’t know how to sell in the premarket, this is a great time to call up your broker and have that ability turned on. It’s always a lot less stressful when you are wanting to sell and in a big profit, rather than trying to sell at a big loss. Each broker is a tad different in how they do things. Normally, I don’t sell in the premarket unless shares are up/down a large percentage. 

In less than 24 hours, I was able to lock in a 38% winner in LK!

The thing is…

If you missed out on the trade in LK… that’s okay…

Because next week, I’m going to drop my next highest-conviction trade idea. If you want to learn more about how this all works, click here and watch this quick training session.

Source: Biotechbreakouts.com | Original Link

Kyle Dennis Dollar Ace Strategy Review | Dollar Ace Update (2020)

Dollar Ace Program Latest Trades (2020)

As I sat down at my desk and reviewed my trades… looking for ways to tweak my Dollar Ace strategy – I came across a very interesting options trade in Beyond Meat (BYND).

An options trader came in and swept up $92K in BYND calls, a seemingly long-shot bet that was doomed to be worthless… at least that’s what many would think.

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Missed out on this monster trade alert? Stop hearing about the “smart money” trades after the fact, and join Dollar Ace now.

That’s right… at the time, a Wall Street whale came in and bought options — $92,000 worth of options destined to go to ZERO in less than a few days — that is, unless that stock MOVED.

I’ve been following the largest players in the options game for quite some time now, and I know these long-shot bets actually signal a large potential move. The smart money doesn’t just throw down massive bets like that just to gamble… they may know something.

Kyle Dennis Dollar Ace Review – How Dollar Ace Program Works?

Dollar Ace follows the real money players… those traders and insiders who risk it all to make a fortune — the type that put their money where their mouth is.

Let me show you how it all works…

If you were searching for trade ideas and where BYND could head… you would’ve been hard-pressed to find them if you listened to the talking heads on T.V. or read the financial media.

The financial news outlets had a field day, trying to figure out where BYND could head to next…

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There was a slew of bearish headlines prior to that trade… as they praised Beyond’s demise.

After all, the stock was 60% off its 52-week high of $239.71 per share just a few weeks ago.

Not only that, shares were stuck in a tight range between November and December.

Of course, with a stock that was as beaten down as BYND… it was easy to bully. However, once I saw that baller throw down a massive options bet, I knew something was up.

An Inside Look At The $1.7M Winner

To the naked eye, it may have appeared like a gamble… but I still took the trade.

Why?

First, my Dollar Ace options scanner spotted some heavy call buying action in BYND — and I simply couldn’t ignore that order flow.

Second, the chart was a “screaming buy” to me.

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Check out the daily chart in BYND when I was eyeing the trade. The stock found support around $70 and held at that level… and bounced around the two blue horizontal lines.

When I see a stock like BYND get crushed and consolidate, then hold at a key support level, it signals to me it could retest the upper-end of the range. Not only that, but if BYND broke above that resistance level, it could’ve made a monster move.

Kyle Dennis Dollar Ace Service – Dollar Ace Picks (2020)

Well, here’s what happened with BYND just a few days after I got in…

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And with just a few days until expiration— THE MOVE HAPPENED.

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The thing is… if the baller trader would’ve held until the expiration date… those 92 cent options would’ve been worth around $18.

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In other words, that $92K wild bet would have turned into $1,710,000 in trading profits.

Of course, I missed out on potentially multiplying my money by 18 fold… but when you’re in the moment, a 33% winner is not something I would just let ride. So I’m not mad about the actions I took, instead, I took the win and used it as a learning experience.

The thing is… I wasn’t the only one feasting from the trade.

Kyle Dennis Dollar Ace Strategy Review | Dollar Ace Update (2020)

So were plenty of Dollar Ace subscribers.

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If you really want to easily follow the smart money and spot trades like the one in BYND, Dollar Ace is the closest thing you’ll get to plug and play.

My scanner does all the hard work. I interpret the action and then send out the alert.

It’s really that simple.

The confidence in the trade doesn’t come from someone’s opinion… it comes from real money ballers who have a lot more at stake than you and I do.


[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.

To learn more JOIN THIS SPECIAL ONLINE EVENT: 3-Step Plan Kyle Used to Turn $15,253 into $2,855,475 and download his FREE “The $2.9 Million Biotech Trader Playbook here!]

 

Kyle Dennis Dollar Ace Strategy | Detailed View Inside

You’ve probably heard of Herbalife (HLF) before… whether it be from a friend who tried to get you into the company, or if you watched the Netflix documentary, Betting on Zero, starring billionaire hedge fund investor Bill Ackman.

Heck, there was even a CNBC Special — the “Battle Of The Billionaires” — featuring Carl Icahn and Bill Ackman— all centered around Herbalife.

Bill Ackman came out at the Sohn Conference in 2012 and attacked Herbalife with a 300+ slide presentation, and put his money where his mouth was.

He noted HLF was a pyramid scheme doomed to fail. However, 5 years after his massive bet against the company… he had to take his licks and unwind his position—losing nearly $1B for his investors.

Icahn won the battle… and that’s because he didn’t let his emotions get in the way.

Not only that, but he used the options market to establish his bullish opinion in HLF. He was able to become  a corporate “insider” on the cheap, and of course, he knew what his downside was.

When it comes to trading and investing, Icahn is what many would call a genius… and he got out of a chunk of his position when the time was right.

It was what seemed like a well-timed trade, but since he was close to the company…  he may have known something.

There’s something we could learn about the Herbalife battle… and I think it could help us tap into the minds of the Wall Street whales.

Herbalife’s Intricate Business Model

Herbalife is currently available in 94 different countries, the company’s global presence is what got Herbalife into a $20M jam for misleading investors.

You see, slinging Herbalife products in the U.S. and most places around the world is a whole different game than trying to sell those shakes in China. China’s laws allow people to directly sell their products. However, the structure of the company is completely forbidden.

Herbalife is a multi-level marketing (MLM) company, technically not a pyramid scheme (that’s why it’s 100% legal in the U.S).

Basically, the way MLMs work is simple — it’s recruiting, on top of recruiting, on top of recruiting, with bit sales sprinkled in. The more people someone recruits to sell Herbalife products, and the more they recruit, the more money they make.

93 countries let Herbalife follow this typical format. However, China is a whole different game because MLMs are against the law.

HLF Didn’t Care About Investors

What’s worse is investors didn’t get informed about the risks involved in Herbalife’s unusual compensation procedure in China, which brought rise to the matter. Of course, the company didn’t care. Instead, they tried to cover their tracks.

Herbalife made a statement explaining its operations in China, “Our independent service providers in China are compensated with service fees instead of the distributor allowances and royalty overrides utilized in our traditional marketing program.”

Herbalife even alleged that its service providers were paid an hourly wage, a substantial difference from anywhere else in the world.

The issue here was the fact the company’s statement was 100% false and misleading to investors.

How so?

Herbalife’s compensation model in China is damn similar to the other 93 countries it operates in. In fact, the compensation is almost exactly the same despite the MLM issue.

Smells fishy, right?

Herbalife’s Web Of Lies

Here’s how they tried to fineness the MLM issue.

HLF calculated the pay in the Chinese market based on downline purchases, with bit of accounting adjustments. The result being the pay for selling Herbalife in China is almost the exact same as MLM friendly countries.

To top off Herbalife’s web of lies, China’s service providers didn’t even have to list their hours or describe the work they did on the invoices they sent in! The company kindly provided pre-printed sheets with hours for services rendered. All they needed to do was sign the papers.

Why this is all so important is Herbalife’s public fillings had China as Herbalife’s LARGEST region of revenue growth from 2012 to 2015.

In 2015 it accounted for 19% of all worldwide sales. In 2017 and 2018 it accounted for about 20% of Herbalife’s sales worldwide. In 2017 and 2018 China had around $886 million and $1 billion in net sales.

Think about it, all these numbers came from little pre-printed invoices to skirt pyramid scheme laws.

Former Herbalife salespeople in China spoke out and noted the invoices they received didn’t even remotely resemble the actual hours they worked. Most salespeople’s invoices typically had identical hours to that of the Herbalife text they received telling them their eligible hours.

In 2015 and 2016, out of the 389,539 Herbalife salespeople who submitted invoices in China, only .05% of the payments differed from the texted amount.

Herbalife cruised along with this business model for years, reporting bogus numbers and making false public statements.

Finally, after 6 years Herbalife got caught.

The Securities and Exchange Commission charged Herbalife with making false and misleading public statements about China’s service provider compensation. Which in turn denied investors of the vital data they needed to fully gauge the risk of investing in Herbalife stock.

Herbalife tapped out to the SEC’s findings that it violated specific anti-fraud and reporting provisions under the federal securities laws. But it never admitted or denied a thing. However, Herbalife had to chalk up a $20 million penalty as well as cease and desist from making this error again. That’s just a slap on the wrist for the multi-billion dollar company.

How To Profit Off The Backs Of Wall Street “Insiders”

The thing is, if you were able to spot Carl Icahn’s massive buying in HLF… you could’ve locked down a monster winner.

He started to purchase call options in Herbalife and started off with a 13% stake in the company, controlling a whopping 11M shares. He more than doubled his money at one point on a portion of his options position… and you actually could’ve taken part if you had the right strategy in place.

When it comes to the options market, it becomes very hard to hide your moves. Every options trade that goes off on U.S. exchanges must be reported to the Options Price Reporting Authority (OPRA).

That means the information is there for the world to see. The only thing we don’t know is why the Wall Street whales are placing these massive bets… and of course, we don’t know who is actually behind the trade.

When I see a massive options order hits the tape, all I know is the someone is buying and I should keep an eye on the trade.

Let me show you how it all works.

I spotted a massive options order go off in Beyond Meat (BYND).

A massive options player swept up about 1,000 calls in BYND… and there was a potential catalyst event. Not only that, but the chart signaled BYND could catch a massive bounce.

BYND found support and the next resistance level to keep an eye on was around $85. So I figured that the stock could get there real quick. Not only that, but if it broke above that level, it could test the $100 level and fill the gap.

Here’s what happened with BYND just a few days after I got in…

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Right to that resistance level!

Now, rather than holding onto the trade (the expiration date on the calls I purchased was fast approaching), I decided to take my profits and re-evaluate the play.

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I was able to lock in a 33% winner, but some of my clients were able to do much better than I did…

I had a 260% win on BYND calls, my largest ever, so no, not sleepy LOL ~ Craig M.

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How were we able to lock in this massive winner?

By using my Dollar Ace strategy. It’s designed to sniff out the moves of Wall Street’s best options traders, and we can legally ride their coattails.

My Dollar Ace scanner flags down smart-money bets and tells me what they’re buying and the type of move they’re expecting from the trade.

By tracking their footprints, we’re able to get into the same trades, and profit alongside them. If you’re ready to take advantage of this unfair edge in the options market, click here