For the past year, I’ve been running a private trading service for a select number of people. It has performed extremely well, including gains as much as 1,483% on Dragonfly Energy, 437% gains on Palantir (PLTR), and 40% on Rocket Companies (RKT).
We are currently in talks to open the trading service to a wider circle – though still keep it as a small group of knowledgeable investors. Today, I will show you yesterday’s trade in order to gauge interest.
Here is the trade I put out yesterday:
Buy Okta (OKTA: NASDAQ)
Okta just posted a fantastic quarter, and the share price launched.
Here is the six-month chart:
Here is the five-year chart:
As you can see, post-Covid, we have a flatline/consolidation pattern or “coiled spring”. The stock hit $104 today and has broken out of its short-term range.
If it breaks above $114 – the 52-week high – we don’t have real resistance until about $210.
The stock gapped up today due to strong earnings. According to Yahoo!Finance:
“…investors cheered stronger-than-expected earnings. The identity security giant posted EPS of 78 cents on $682 million in revenue, easily beating Wall Street estimates of 74 cents and $669 million. CEO Todd McKinnon called it a breakout quarter, highlighting strength across the board. Okta also raised its full-year revenue outlook to as high as $2.86 billion, signaling confidence in its momentum. Despite an uncertain macro backdrop, the company's positioning in AI-driven security solutions continues to fuel optimism.”
The company hit $1 billion in sales on the AWS marketplace in just four years. It has teamed up with Amazon Web Services to bring a secure identity to the world.
“Okta is also embedding AI deeper into its products, leveraging Amazon Bedrock for its customer identity platform and serving as an identity provider for Amazon's generative AI assistant, Amazon Q. These moves put Okta at the center of AI-driven security innovation, a space that's rapidly becoming mission-critical for enterprises.”
There is a huge demand for digital identity security. Okta is hitting the mark and increasing ties with AWS. The company is also moving into AI-powered threat detection and cloud security.
The company has a long runway. Plus, it is the only breakout stock today. I love stocks that move up in a down market. Buy Okta (OKTA) at $103.06 with a plan to sell at $206.12.
Breakaway Trader
As I write this OKTA is up almost 6% today and is sitting right at resistance at $114.18 and looking to explode higher.
If you are interested in this type of trading service or have made money from my former trading service, Launchpad Trader, please let me know.
The number of new members will be limited. Furthermore, it will be offered to our current paid American Stock Investor members first.
It should be noted that American Stock Investor recommended the Poland ETF (EPOL) in December. It is currently leading all country ETFs with a 22.23% YTD return.
Read my free report and join us in making money today.
All the best,
Christian DeHaemer
Outsider Club
Brit is Hearing Voices:
https://www.outsiderclub.com/just-make-the-voices-stop/
Uranium Miner’s Huge Acquisition:
https://www.outsiderclub.com/uranium-miner-powerhouse/
It’s Madness Hammer Cracks Me Up:
https://www.outsiderclub.com/its-lunacy-in-the-markets/
