Let's talk about BBIG stock. Vinco Ventures
This stock has been hugely
requested over the past few days. This
stock is a very interesting play based
on a huge short squeeze that could
happen next week and I do mean huge.
BBIG (bbig) is extremely risky so make sure you
stick around until the end of the video
because this is a very short term trade
opportunity and not something that I
would look to for anything other than
the extremely short term. As you know I
like to find stocks that are either
undervalued or have catalysts that could
push the stock price way up first off i
want to say congratulations to anyone
who listened about petrotec (pqeff) back in
october i brought you petrotec at #petrotec
11 cents which hit an all-time high of 44
cents this week and i first brought you
ilus (#ilus, #ilusfamily) back in june at only five cents so
if you have been following the channel
since then congratulations to the
ilus family too.
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posted about this stock boss energy back
in june at only 90 cents this reached as
high as 290 but is still about 100 up
and looking ready to run again
as always this is not financial advice i
am not a financial advisor and my video
should be viewed for entertainment
purposes. I highly recommend investing
only money that you can afford to and
always do your own due diligence when
investing
vinco ventures was founded in 2017 it's
an emerging company that promotes a big
model (#bbig, $bbig, BBIG)
an approach that involves buying
innovating and growing they seek to
acquire significant brands
quickly innovate and then aim to
expediate growth of the acquired brands
to reach their target numbers vinco ventures
is in a transitional phase
right now as the company is changing to
zash it is a highly diversified business
vinco subsidiary cryptide recently
launched a joint venture known as
cw machines and there is also a planned
spin-off of cryptoid but vinco also
holds a number of other investments such
as
lomativ and advisor
this video sharing site is seen as a
rival to tick-tock which vinco ventures states
has more than 31 million on platform
monthly active subscribers but that is
not the focus of this video.
This is very much a short squeeze play
and this is an opportunity in my view to
trade on the momentum that only meme-stocks
#memestock can generate
for example the last time this amount of
hype and trading volume forest stock
completely caught my attention was back
in october
with dwac on the first day of dwac hype
the stock began to make gains
from its ten dollars back price floor
on the second day it reached over 45
dollars and on the third day it hit its
all-time high of 175 dollars
prior to that we had the amc squeeze
where the stock gained over 400 in one
day which is important and i will talk
about this in a moment
but first i want to look at the most
recent financial statements to show why
this opportunity has come about in the
first place
and to show you why i would not ever
think of investing in this company in
the long term this is a very short term
play and it is very risky
so never invest anything that you cannot
afford to lose and keep in mind that
anything could happen here
and this could go down just as quick as
it goes up that is the risk with
meme stocks (bbig)
looking at the balance sheet we can see
that vinco ventures has total assets of
336 million and total liabilities of 508
million
this means that the company has more
liabilities than assets at a ratio of
about 1.5 to 1.
this is not a good balance sheet
although it is made look worse than it
is by this warrant liability of 468
million looking at the stockholder
equity we can see that there is an
accumulated deficit of 812 million
and overall stockholder equity is
negative $171million.
so this definitely does not look good
but this is only the tip of the iceberg
when we look at bbig's statement of
profit and loss we can see that they
have revenue
of just 2.2 million
giving an operating loss
of over 25 million
and a net loss attributable to vinco for
the three-month period of over 500
million dollars
looking at the nine-month
figures we can see that there is a total
loss of 788 million and a loss per share
of $18.63 (bbig stock)
this is a company whose share price was
only $2.20 a few days ago and closed on
friday at $4.20 after hours.
To put this in simple english the
company is making such huge losses that
for every two dollar share that is owned
it is making 18 dollars in losses
so looking at this it's very easy to see
why somebody would bet against vinco
ventures and short this stock after all
this is not like amc
a company that has huge assets other
than the 150 million
in cash and restricted cash vinco ventures
has very little tangible assets
and this is exactly why the company has
become so heavily shorted and why this
opportunity
in the market today has come around.
If you look at reddit
at bbig or wallstreetbets right now
you will see just how much interest
there is in bbig stock this weekend
and this is not because of the company's
fundamentals
this is because of the short squeeze
potential here right now.
I highly recommend checking out the bbig
subreddit and there is some fantastic
technical analysis here posted by
widowmakerlaser.
Now I don't want to go through lasers
post in this video, this is not my work
and laser deserves some major credit for
putting this together, (bbig stock)
looking at the technical indicators
and a historical look at price action
so go over to reddit and check this out
however i will look here at the summary
at the end of this post
so all technical indicators are bullish
gamma squeeze
and short squeeze potential
still not too late to enter bbig tons of
upside left in this stock to run
however this is probably the most
important point and i cannot stress
enough how much i agree with this
there is no price target the amount of
manipulation on this stock makes it too
hard to rely on price targets and
technical analysis can mainly only
predict trend changes
it's incredibly difficult to predict the
actual price movement especially when
it's heavily manipulated
every ape needs to make their own
individual plan
and have their own exit strategy when
this squeezes
more than any other stock that i have
covered on this channel if you buy into
bbig next week then you need to be aware
of the risks and do not get caught bag
holding have your strategy in place and
stick to it do not get greedy but also
do not sell yourself short
this is another post that caught my
attention drawing similarities to amc
stock back on the 31st of may 2021 and
bbig stock this weekend ($bbig stock)
amc stock went from 22 dollars up to its
all-time high of 72.62
now it's not uncommon at all for bbi g
stock to be manipulated and see huge
price increases
january last year in one day it went
from 1.50 up to five dollars
and last august the stock gained from
little over two dollars up to its
all-time high of 12.49
for anyone watching who asked the
question of how to find these stocks
before they run up
or early in the run-up one site that i
like to look at is bear chart
on friday bbig was by far the most
traded stock on the market
you have stocks here like ford and apple
who always have high trading volume but
vinco ventures
has as much trade volume as these two
combined
and when we compare that to the average
bbig trading volume of only 18 million
shares we can see just how much
attention is on this stock right now
and bbig
is ranked as one of the top mentioned
stocks on ape wisdom
and google trends over the past 90 days
also shows that this is beginning to
spike
and when we look at this over a 12 month
time frame you can see that this is just
the beginning
so guys that brings us to the end of the
video if you've watched all the way
through
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this is not financial advice
my videos should be viewed for
entertainment purposes i highly
recommend only investing money that you
can afford to and always do your own due
diligence when investing
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