Morning Notes (3/13/24)

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Good morning traders. I am currently on vacation but wanted to share a few quick notes on stocks I like and am following:

-As you all know I’m very interested in the psychedelic space especially after my $MNMD stock took off +150%

This morning $CYBN announced a private placement of shares to raise $150mm at a premium of 17% ($0.43/sh) to develop CYB003 which would be a naturally occurring psychedelic depressive disorder solution (bullish signals private interest valuing stock greater than mkt is at)

-Wells Fargo $TSLA downgrade, but Wedbush’s Dan Ives (well respected analyst on Wall St) new note saying “negative sentiment way overdone” reiterating $315 PT

Buy the dip opportunity coming $165 in my opinion for a short term trade

-Under the radar Bitcoin mining play BTDR finally gaining traction and $15 PT (double?) “BTDR has an installed base of competitive power infrastructure, which we believe puts the company near the lower end of the cost curve. We initiate with a Buy rating and $15 PT."

Have a great week,

-Adit Dayal