Remark Holdings Inc (MARK) stock is trading at $2.86, a gain of $0.69 on high volume. Remark Holdings Inc delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a range of applications within the retail, financial, public safety, and workplace arenas. The company also owns and operates digital media properties that deliver relevant content and e-commerce solutions. The group operates in one segment namely Technology & Data Intelligence segment which provides products and services to customers based upon the data collected and processed by its proprietary data intelligence software. So what is pushing MARK?
Welcome to Money Talk Sundayz. I’m your investment bro Stevie Bee. Go ahead and drop a like on the video. Let’s talk MARK.
Redditors are currently pushing MARK as the play for Monday. During after hours it is currently sitting at 2.86 a share. There is the real possibility of it going up further. What’s bananas though is that on Friday it opened at 0.91 and ran as high as 2.45 before closing at 2.17. As of this recording like I mentioned it is sitting at 2.86.
Here is the conundrum many who are not already invested in it are debating, does it have more room to grow or is it going to run out of steam and begin to dip? We saw the dip on Friday after a meteoric rise but again over the weekend we saw MARK surge once more. Those who believe it still has room to grow will jump in first thing Monday morning and hope that the wave continues throughout the day.
Skeptics will note the rise and like the mantra says, after every rise comes a fall.
What do we here at Money Talk Sundayz think? The market can go either way. We don’t know what’s going on behind closed doors. We are not aware of any back channel deals that are being made. We can only go off what is made publicly available to us and use that information to make an educated or emotional guess as to the direction this stock will take.
But what if you could have it both ways? What if you could bet on a rise and a fall and come out with a bag still?
Going back to the heart of this podcast, this is the play that I’m considering for MARK. Remember, the heart of this podcast is cataloging, documenting, sharing the plays the Investment Bros make on our marathon to 100K.
With that being said, this is what I’m looking to do.
First off, I don’t want to miss out on an opportunity to swing this stock for some profit so I’m putting in an order to purchase 100 shares. Considering its at 2.86 as of this broadcast, if it goes up $1-2 over the next 48 hours I’m a happy camper and sell off before the inevitable decline in share price of MARK. This in fact is my FOMO play.
Now let’s say it doesn’t go the way expected in the first play. Part 2 of this play is buying a put option with a November 19thexpiration (since that was the earliest available expiration offered when I tried). I buy one put option contract and if MARK craters from the over hype again and I’m a happy camper.
On a side note, lets say MARK goes up on Monday and continues its ride for a couple days next week and begins to fall the week after, I get to have my cake and eat it too. I make my profits off the short swing (if I sell in time) and then also get to cash in on the fall with the put option. I’m hedging my bets you can say. Regardless of whatever play I decide or you decide I can agree it’s too late to jump in on this stock for a long swing. I learned that the hard way with BTX. I bought in at 12. It ran up to 30. I didn’t sell. Now it’s sitting around 9. I’m sitting on a loss but a part of me is refusing to sell at a loss and want to recoup at the least what I put in.