A 5-10 Bagger Stock Idea

Not all Ideas have to be your own

The Internet, yes the Internet, has become one of the best forums for stock investors to research new ideas. It started with sites such as Motley Fool, which is mostly morons (then and now) with little fundamental knowledge pumping stock picks. Yahoo Message boards later upped the ante where you could find real researched stocks from a select group of writers if you searched for the needle in the haystack. These days, X has dozens of “experts” writing up their ideas. Many of these ideas are generic, uninformed and even downright misleading as a means to generate eyeballs. However, many on X are amazing and super helpful leading you to long term compounders. I follow a terrific group on my twitter if you want to take a look and constantly parse the furus (@robeducated). And then, of course, we have the very active short selling community throwing out short bombs to benefit themselves very quickly from their write ups. It is hard to discern which are well researched, isn’t it? Citron has been pathetic, literally the worst long ideas with a hit rate of 0.0 and deserves the heat they are taking from the regulators. Fuzzy Panda Research seems solid to me exposing XPOF 0.00%↑ before any other firms buy or sellside. Grizzly Bear, a mixed track record. How about Seeking Alpha? Well, that site is run for eyeballs and volume. The authors I believe receive 1c per view and are incentivized to write as many articles as possible and results be damned. My message, you ask? All of the sites, authors and stock ideas are a fabulous starting point when you look to find new ideas. Period. Even the worst written stories have some nuggets for us to learn. If you can narrow down quickly which are helpful and pull those nuggets, you can find some real ideas for you to work on and add your own value to the risk/reward and how (or if) to get involved.

Having said that, I had been pitched by a close friend on a name, which was a former SPAC, that I had mostly ignored until I had the time to sit down and understand the potential. This name was written up by a solid author in Seeking Alpha who has done a very good job explaining the business, the potential upside and the timing of the investment. I concur that the stock at $7 now has upside to $30 and possibly $60 in a best case scenario. Yes, there is risk. Once you read this report you will understand that the timing given their cash burn is one potential risk. Rather than writing the entire story for you in my own words, I suggest reading the following report and you can get up to speed rather quickly. I believe sometime before the end of 2024, there will be clarity on the outcome for this stock. I am taking a 3% position in this stock with the potential 10 bagger and perhaps 50% downside. Ok, here is the report and please feel free to reach out to me with any questions.