LIVE NOW: DRAFTKINGS & AIRBNB EARNINGS REPORT TODAY!!!
In a Nutshell
Ricky analyzed DraftKings at 183x earnings despite recent profitability and Airbnb's strong post-earnings rally of 8.9-12%, while maintaining small short positions on Airbnb at $168.54 and NBIS. He emphasized position sizing and risk management as critical for beginners, warning against leverage at current elevated market levels and overtrading without clear opportunities. The LPP program focuses on daily live sessions and risk mitigation education rather than providing stock picks or guaranteed trading success.
These notes were generated by AI and may contain inaccuracies.
Ricky from Techfit Solutions went live on Thursday, August 6th at 12:53 p.m. to cover DraftKings and Airbnb earnings reports. The LPP team confirmed there was sufficient interest to proceed with the live session.
Ricky emphasized the importance of following his verified Instagram account, which is the third link in the description. He warned about fake accounts impersonating him and stated he has no backup account, does not have managers messaging people, does not trade for others, and does not offer copy trading services. The only service offered is LPP.
DraftKings has been experiencing lower highs and lower lows with consistent selling pressure. Ricky noted that while the stock appears cheap, it can always get cheaper and advised against getting excited about the decline.
Airbnb showed a nice uptick and appeared to be retesting previous highs around the 165 resistance level. Ricky noted this presents good risk-to-reward for current investors but is not favorable for traders due to volatility around earnings.
Live trading sessions occur every morning as part of the LPP program. The second link in the description provides access to these sessions.
Roku displayed consistent higher highs and higher lows, which Ricky found impressive and unexpected. He congratulated Roku investors, noting the contrast with DraftKings performance.
DraftKings trades at 183 times earnings despite recently becoming profitable. Ricky questioned what the company could be spending money on given strong revenue performance, expressing surprise at the high valuation multiple.
With approximately 1.5 minutes remaining before earnings:
- DraftKings expected to report 8 cents per share and $1.5 billion in revenue
- Airbnb expected to report $1.26 per share and $3.58 billion in revenue, having missed expectations in the previous quarter
- Roku expected to report 60 cents per share and $1.3 billion in revenue, with analysts predicting 9% downside based on fair value
Ricky disclosed holding Roku puts and DraftKings calls but emphasized that options trading is extremely risky, particularly for beginners.
Western Digital sold off into the close while SanDisk traded sideways. The NASDAQ remained in the red but traded sideways for 3-4 hours. Ricky noted the absence of any confirmed deal, ongoing attacks being confirmed, and Fed Chair Kevin Walsh stating openness to raising rates.
Ricky confirmed he would be live with the LPP team for non-farm payrolls data the following day but had no other planned live sessions.
Airbnb initially moved up 3.5%, then experienced volatility before making a significant move:
- 4.6% to 5.5% gains
- Then 6%, 7%, and 8% gains
- Eventually reaching 8.9% to 12% gains
- The stock retested previous highs with strong momentum
Airbnb delivered a great beat on EPS with revenue barely beating expectations. The reaction showed strong momentum that Ricky suggested could potentially be an overreaction.
TTD crashed despite a big EPS beat and revenue miss. Ricky noted the stock has a huge upside based on fair value but exhibits a strong descending pattern that he would not personally trade.
NBIS was identified as the stock Michael Bur announced he is shorting. Director John Wilson sold 5,800 shares for $1.5 million. The stock trades at 76 times earnings and had rallied from lows of $14 to $20 per share before correcting, which Ricky considered overdue given the premium valuation.
Ricky added another 100 shares to his NBIS short position, describing it as overbought with a 10% move but stagnant progress. The short position totaled approximately $35,000, kept small due to the timing during earnings in after-market hours. He indicated he would be satisfied with a 3-5% pullback generating a few hundred to a thousand dollars.
Ricky explained that a $30,000-$40,000 trade represents a lighter position relative to his overall dollar amount traded. He emphasized that position size management is crucial and that beginners often mistake trading strategy problems for risk management issues.
Ricky's primary focus is teaching beginners to manage and mitigate risk rather than focusing on profit potential. He acknowledged being repetitive about risk management but stressed its importance during elevated market levels. He advises against using leverage at current levels and being careful with exposure to avoid regret during potential pullbacks.
Ricky does not provide stock suggestions and wants investors to make their own decisions about companies they see value in. He emphasizes calculated and intentional trading rather than dictating specific investments.
The only trades taken since earnings were:
- Small short position on Airbnb: 210 shares short at average price of $168.54, targeting 2-3% drop
- Palunteer short taken earlier with LPP team as an overbought reversal
LPP provides daily live sessions and access to the A2D video lesson library with main focus on risk management and accountability. Ricky clarified that LPP is not required to become a good trader and will not automatically make someone a good trader. The program emphasizes not taking trades without clear opportunity and discourages overtrading.
LPP prices have been reduced with a current sale running. The second link in the description provides access to the program.
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