Howdy brothers,
After my $CRWV post materialized into a big multibagger this week, hundreds of people have been reaching out asking me for the next big play. Well, it's a liquid natural gas company called NextDecade.
$NEXT got inexplicably beat down recently to $7 from the $10-12 range after announcing POSITIVE news on September 10th that it received $6.7 billion to develop its Rio Grande LNG facility. On September 12th Morgan Stanley downgraded their price target on $NEXT which further pushed it down to $6. However, this downgrade was from $15 to $10, still way above the current price.
There's been colossal insider buying on $NEXT the last few weeks as well. The CEO recently bought 281,500 shares. He now owns $37 million in stock which is a massive green flag. Aerospace Co. acquired 449,510 shares just last Wednesday.
The 50 day moving average of $NEXT is $9.51, and the 200 day moving average is $8.69. The current ratio is .70 and the debt to equity ratio is 2.77. Financials look solid and indicate an oversold position.
For all these reasons, I believe that $NEXT will be making a big movement upwards in the next two weeks. Calls are absolutely dirt cheap, I bought $7 calls for just $.30, two weeks out. My price target for this trade is $8 plus; this stock is disgustingly undervalued currently.
Position: 5000x $7 call expiring Oct. 17th.
https://preview.redd.it/y7a8s5twjxsf1.png?width=1713&format=png&auto=webp&s=6e7bb6d47169f44685bd1afed686a481e0ec9cea