Posts  / TOST  / #POST-000501
REDDIT

$TOST is probably something that will have boring earnings, but I'm going to play it anyway.

J
Feb 5, 2025 · 16:22

I'm not one for long, drawn-out DD's with oodles of scribbles on graphs, so here's the quick and dirty:

* $TOST is currently at an RSI of \~67, so it's almost overbought - but not quite yet.
* $TOST only started getting profitable last quarter, so there's a high expectation for that to continue, and I think they will. Summer and fall are the most popular times for newer restaurants to open.
* $TOST has broken through resistance of $32.35 today, and a close over this number is a strong indication that we will continue in an upward trend even with "just ok" earnings.

I'm not expecting much if $TOST beats earnings - maybe a healthy 5%-8% pop and a continual push tomorrow. If it's an earning miss, then we're likely looking at a similar fall of 5%, but I feel it will still add some recovery on Friday/Monday. Price target of $34-$35 after earnings, and if earnings are good, $42-$44 by EOY.

My position is 500 shares @ $31.94 and 5 Jan 17 calls @ $3.70

https://preview.redd.it/rvra2t3ktizd1.jpg?width=639&format=pjpg&auto=webp&s=db9d67627c551bd806293b6518f41aab35c1ebca

Lazy DD? Yeah. Do I care? No. I'm just looking to make a few extra bucks tonight.