Do you like making money? So do I, which is why I’m balls deep in SENS and my wife’s BF is balls deep in…well, you know.
Anywho, most of you have probably heard of SENS but if you haven’t, they are a boomed with the longest lasting CGM system with a whooping 365 day approval that just went live last quarter. Think dexcom but 20x longevity.
That being said, you might say, “But Pooner, this bitch already done did run over 200% off its lows” and I’ll agree, but I also don’t think it’s done.
From a fundamentals perspective they recently released preliminary numbers for q4 which were absolutely explosive, but don’t take my word, read here (because it’s easier than typing it out). https://www.senseonics.com/investor-relations/news-releases/2025/01-08-2025-231228075
Holy cow! Talk about amazing, but they still have to continue that trend of increasing numbers, and how might they do that? Well 2 of the upcoming catalysts may help with that. In Q1, Senseonics is expected to release news on pump integration, a necessity if they truly want to be comparable to competitors. Additionally the trial period for the pediatric study will conclude by March. Other catalysts are in the pipeline but atm not worth mentioning and shouldn’t be a consideration IMO.
Lastly in TA, 2 very bullish crossings have occurred in the last week, the 50 MA over the 200 on the daily chart and the 10 over the 50 on the weekly chart. The last time these golden crosses occurred was Jan 2021, running from .4->$5+. To account for dilutions this would be $3+.
“But Pooner, I see you have a pretty substantial position with solid gains already, how do I know you aren’t trying to offload your bags onto me.” That’s the fun part, you don’t! You can believe me or not but here is my trading plan. Tomorrow I’m expecting a jump above 1$, hopefully turning my 1/17 1cs into baggers so I can close and use profits to exercise my .5cs. Aside from that, my first target for offloading is in the 1.35 range where I’m cutting about 30%. Everything else is long term unless it jumps to 3, which I’d shave all but 25% of my position looking to rebuy lower.