Power Plays Update: PINS & UBER

September 20, 2022

By Scott Redler

I just wanted to pop in with a quick update ahead of the Fed tomorrow.

Right now, it feels like the computers/algos are programmed to contain any upside.

Sell programs are hitting based on what's happening with yields and the USD.

Last, I warned we could be in for some downside choppiness, and we're seeing that this week.

So I'll wait and see where we are post-Fed before putting on new Power Plays.

On the positive side, our remaining names Pinterest (PINS) and Uber (UBER) are both acting very well, particularly UBER.

And don't forget PINS has special situation potential with the insider buying and speculation about a possible takeover.

If we are to get any kind of sustained upside over the next few weeks, I'm pegging these two as the likely leaders.

Stay tuned for more updates!


Scott Redler Positions Disclosure