I see all of the current hand wringing about SSPE and I have this to say, "Please sell, all of you who are truly worried, please, pretty please, sell off and help knock that price into the dirt so I can double the size of my yacht."
This is one situation that you are going to run into where those charts don't mean jack unless you are a day trader.
Now, let me explain why.
People are talking about this like it's just another company making widgets, or they look at the charts like it's some holding company intent on acquiring other businesses. Yet, what some don't seem to understand is that you are looking at a completely different animal here. This is one outfit that you have to look at who they are, what they do, and notice the direction they are heading - and the charts aren't always going to give you an accurate picture here.
What you have here is an opportunity that comes along once every 30 to 100 years, the rise of a new style of sport to mass popularity preeminence in the USA, and the opportunity to buy into one of the top franchises in that sport for pennies.
This is mass entertainment sports, and pound for pound there is nothing more lucrative in this country, or the world for that matter, aside from war, sex, and the drug trade. This is fighting, war, on screen, right in their face, and it stimulates many of the same neural centers in the brain that sex does. The Romans knew this, and so does men like Mr. Cuban and his contemporaries.
OK, now what about SSPE?
Oh my goodness, they have been quiet for 3 whole staggering weeks since the last real news.......
Was the last fight a disaster? Hell no, it was pretty much a sell out, and way bigger than the last fight.
Was the PPV a bust? I can't say for sure, but I do know that finance outfits like Titan don't just GIVE AWAY $1 MILLION. OK?
Unlike selling widgets, where self-promotion is one of the offices at corporate central, self-promotion is 99.99% of all an outfit like SSPE does. It is the core of their existence, their very reason for being. It's essentially all they do.
Hmmmmm, so why the quiet? Why the unnatural silence?
Was the last thing they did a huge disaster? Not at all. A success all the way around from the looks of it.
So, when they are on the road to success, and self-promoters who's entire business is self-promoting are quiet, and I mean clam shell, top secret, kill your mama if she talks quiet....
Let me tell you something about that type of businessman. When self-promoters, high end circus hawkers like that are obviously sitting on something, that means they are about to drop a bombshell on you. It supercharges the self-promotion. This is what they do.
Understand?
Now, are they about to screw everyone? Yeah, right, they are going give up a few $Billion over the next few years for a quick couple of $Million now, especially after all of this work. I don't trust them, I trust their greed, something far more reliable.
They are also extremely high profile, and they have reps to maintain. This is a very, very public business. These are not widget makers in Taiwan, these are show men in Dallas screaming about their wonderful circus, come one, come all.
They also know that the money to be made here is utterly astronomical.
Spectator sports is so lucrative nowadays that even a back up batter for a major league baseball team in this country can get paid $millions. This wouldn't be happening if there weren't also huge profits to be made. Only governments and churches intentionally give money away without a profit in mind.
This is also a business that is utterly depression and recession proof. In fact, the worse the economy gets, the more likely Joe Everyman will sit home by the tens of millions and tune into this rather than do other things which he can no longer afford. Ask yourself, what breadline was Babe Ruth standing in during the depression? Huh? In the middle of the Great Depression, Babe Ruth was paid more per year than the US President. Popular, mass spectator sports make money, and lots of it.
From a day trader's point of view, I wouldn't touch SSPE. The so called 'technicals' aren't so great from a day trader's perspective. If this was just an ordinary company making widgets or serving burgers, and doing business as usual after already establishing themselves, this would be an investment to get out of.
Let me show you what the real fundamentals are on this one:
1) Is this about to become the #1 violent contact sport in the USA?
->Yes
2) Are they poised to be one of the top two contenders in this up and coming sport that will soon be worth $Billions?
->Yes
3) Are they currently meeting their goals on selling tickets?
->Yes, extremely well.
4) Do the fighters, their bread and butter, like them and want to work with them?
->Yes, they seem very pleased.
5) Have financial companies that have seen the real numbers jumped on board?
->Yes
6) Do mass spectator, violent contact sports make more money than most companies making cool or essential widgets or selling a service?
->Yes
7) Have they suffered some great calamity or scandal?
-> No, in fact, what news there has been, such as reviews and feedback from the fight, has been good. They probably made way more cash than the last event, just on box office receipts, and who knows what on PPV.
Now, if these guys were making something the people needed, like, say, a revolutionary new solar panel or a super efficient electric car, and they were acting like this, I might be worried.
But they are not. They are giving the people what they want, not what they need, which is generally a far more reliable way to make money.
Deep down, few things Americans, and everyone else around the world for that matter, like more than watching some guy kick another guy's butt. Just look at wrestling - everyone knows it fake but it's huge.
Just remember what J.P. Morgan once said, "No one ever lost money by under-estimating the taste of the American people."
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