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Thursday, August 10, 2023

Savage over AVID Technology (NASDAQ: AVID) | IT Goes Down in the DM [Versace, Kors, Jimmy Choo]


So, I typed a text to a girl I used to see
Sayin that I chose this cutie pie with whom I wanna be
And I apologize if this message gets you down
Then I CC'd every girl that I'd see see round town and
I hate to see y'all frown but I'd rather see her smiling
Wetness all around me, true, but I'm no island
Peninsula maybe, makes no sense I know, crazy
Give up all this pussy cat thats in my lap no lookin back

Song: Int'l Players Anthem (I Choose You)

Artist: UGK featuring Outkast
Produced by DJ Paul and Juicy J

SAVAGE over AVID Technology (Nasdaq: AVID)

Avid (NASDAQ: AVID), just got Chose. Like Beyonce said 'Put a Ring On It" and AVID announced that it will be acquired or hook up with a company linked to STG in an all-cash deal.  Avid shareholders will receive $27.05 in cash and this makes one of the quickest wins I've ever had investing in stocks. Not the quickest though. I'll post my trades but I have to get back to it.

See My Post on AVID Technology


It Goes Down in the DM --- Capri Holdings (NYSE: CPRI)

I believe in love and positive vibes, energy, and frequencies. I still hold a few shares of Tapestry Inc., which most of us know as the brand Coach. Tapestry also own Kate Spade and Stuart Weitzman. Am I going high fashion? No, it doesn't bring me much satisfaction in life but for many is sells music and is aspirational. So, its no surprise that Tapestry slid into the DMs of Capri Holdings who owns high fashion names like Michael Kors, Versace and Jimmy Choo. Cue the Migos -- Versace Versace Versace! Capri just got Chose and clearly love is in the air and they will will be hooking up at roughly $57 a share.

I have been out of the markets for over a year and I'm finally seeing an atmosphere I likely likely. I still think we are headed for turbulent waters in the stock market. So I like to look for stocks that like to hook up as this presents opportunities that are lower on my risk scale. I also am starting to see stocks getting hammered after what I believe is a fake run up recently, likely due to the AI craze. Robolox was down 20% + after earnings, Magnite was falling, Beyond Meat was down big, and the cyber stocks have "Put it On Da Floor" recently. You have to be very very careful in this environment so you're not catching a falling knife? WTF does that even mean, I don't really know but in regular people speak you don't to invest in someone or in the case of stocks something that will keep letting you down (cue a Mary J. Blige heartbreak song).

#IGottheHookUp #AvidTechnology #CapriHoldings #ItGoesDownInTheDM 

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