When/If djt Loses this could fall significantly in sympathy Seems a likely scenario
Still, NYSE:GEO would bounce back quickly I'd assume
GEO trade ideas
$GEO Border Detention Facilities - Profiting off of incompetenceGood morning everyone, Today I am evaluating a stock I have legitimately found valuable for a few months. With the escalation at our border (Record numbers of crossings in October) It is time to consider how we can profit from such a tragic situation. I've been invested in stocks like NYSE:GEO and NYSE:CXW for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for NYSE:GEO and show some of the methodology behind my trading strategy.
Here are my outlined Targets / Resistances and supports
Strong Support Level: $8.30
Strong Resistance Level: $9.95
Resistance 2: $12.35
Target 1: $14.31
Target 2 / Resistance 3: $17.58
Target 3: $19.82
Remember, both targets and resistances represent solid points to take profit.
Don't get greedy
The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE).
All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
BullishIf the weekly candle closes above 8.87 then the price could hit 10 very easily next week. Take it as grain of salt because they have earnings release on 7th and in this market anything is possible on earnings
Penitentiary chancesThere is a lot of talk of a recession looming on the horizon, depending on which country your economy might already be in a recession.
The bull case for investing in the prison system during a recession is based on the idea that during economic recessions, crime rates could increase and lead to higher incarceration rates.
This could lead to more people needing to take penitentiary chances to make a living or to just survive. In theory, this could lead to increased demand for prison facilities and services, benefiting NYSE:GEO
While this may be a controversial stock for some people, without companies like NYSE:GEO there might be complete and utter chaos in some cities.
Ultimately, the question of whether companies like NYSE:GEO are beneficial to society depends on one's perspective and the specific circumstances and oversight of each facility and contract. It is a complex and contentious issue that continues to be a topic of debate and discussion in many countries.
GEO....Scion Asset Management/Michael Burry's All In BETI Heard about this on whalewisdom, and other media sources and decided to take a closer look. Geo is sittiing on a multi year low,Valued much lower if you consider inflation. It has met fierce pressure on the way down, so this is a very heavily traded instrument, so loving this and going long. GEO is a prison and intake facilities REIT, makes sense, if just a fraction of whats in the News is true then this will boom, not funny but realistic. It lets us peer into the mind of the market genius that figured out the housing market bust months in advance. This is a bet on a major reset and a technical play on strong fundamentals.
GEO - Scion Asset Mgmt. = Smart money?NOT FINANCIAL ADVICE!!!!
As shown in This SEC 13-F filing, Scion Asset Mgmt. (Burry) currently has one mentionable LONG and its this ticker with an assumed cost basis of $6.60 and 501,360 shares... I am betting these shares were NOT purchased on the open market and were instead acquired via assignment meaning credits from selling PUTS were likely involved (for tactical reason to fight slippage as explained below), unfortunately making it impossible to calculate a factual cost basis from this filing alone.
Selling DEEP "ITM" PUTS(covered by cash) expiring today leaves a cost basis (if assigned) of $8.20 and if assigned, the ability to sell next weeks $9 strike for a profit on both sides. Profit in this scenario would be from credits collected at sale of calls and proceeds if called at $9 before expiration.
The other way to also be long GEO at current market prices, and perhaps with a lower cost basis, would be to just buy shares. If you are buying shares in multiples of 1000 maybe the order book isnt liquid enough and you need a contracted price to enter without the potential for slippage? Well look no further than selling the deepest "ITM" puts expiring TODAY....
While selling "ITM" puts expecting a non-assignment is a game of long odds and not advisable, you also have the chance this way of keeping credits and not being assigned, which eliminates your ability to capitalize on the future upside for the unassigned shares, however you also didnt technically expose yourself to the share market and still profited.
I personally dont like following others trades blindly, so I analyzed and found some technical confluence and subsequent conviction through the monthly volume profile points of obvious interest and fib retracement levels calculated from the last 5 year depreciation.
The Michael Burry GEO tradeJust analyzing this purely technically because I like MB and as of now supposedly this is his only long holding. Now, keep in mind this is not a stock for everyone - "The GEO Group, Inc. is a publicly traded C corporation that invests in private prisons and mental health facilities in North America, Australia, South Africa, and the United Kingdom."
So yeah, a lot of people including myself will have problems giving money to this, but when we analyze it purely technically, I can see why MB is very bullish on this for the long term.
First of all, we've broken an enormous MONTHLY downtrend (right side chart is a monthly chart) and we're basing with bullish divergence on the daily chart (left side) - that's usually a good thing to be looking for when trying to ID possible bottoms. Buyers may not all be there, but sellers are starting to dry up. Could it go lower? Absolutely. Then there's the Monthly RSI on the right side chart - enormous bullish divergence within this basing. On the left chart we can see it is retesting a previous resistance area (7.25-7.50) which should now be strong support.
So, I can see why this is very interesting to Mr. Burry. I don't recommend anything, but I thought it was a good example of what these gurus see before things blow up.
Do or Die time for GEO - Testing Trend LineI am currently long on GEO, but if this trend line breaks I will sell.
GEO Group Inc - A gem for "Baby-Boomers"Trust me – you better hope that you will never be a customer of this company!
For those who aren’t familiar with the Geo Group Inc, it’s a US-based international company which provides governments with private prisons and psychiatric facilities. This company has been around since 1984 and prospered on the boom of the privatization of the prison industry in the US and other countries.
But I have to say, this particular stock is a real gem for “Baby-Boomer” Investors and traders who focus on buying value stocks who are massively undervalued or just on high dividend payments. Currently, Geo Group pays no dividend in order to reduce its corporate debt and because of the lower revenue during the covid-19 pandemic in the US, which resulted in thousands of inmates being released early. Should they ever reactivate their dividend payments, you can be thrilled for 5%-7% per year, a pretty reasonable amount if you plan on holding this stock for years,
If you are interested in learning more about our Elliot wave count and more fundamental news, feel free to check out our YouTube channel.
I recorded a pretty detailed video about this stock 2 weeks ago, where everything important is packed into one video.
(You have to look up our Youtube Channel manually, because Tradingview strictly removes any Youtube links in our updates.)
For “chart-only” enthusiasts, the following charts represent our short and long term counts.
(Geo Group Inc - 1M Count)
(Geo Group Inc - 2D Count)
Note: We aren’t holding any positions in Geo Group Inc, but plan on doing so, when our retracement zone will be reached.
Are you buying the dip? - Follow up of previous post-correctionApologies, the previous post was incomplete.
Check my previous post below. Trade didn't work as expected but for me it means another opportunity. I didn't close it out as I posted back then (I know, I probably should have) but something was telling me that this particular stock may come back. Price has fallen onto the strong support. The bottom chart ( daily timeframe ) shows that that the support is holding nicely and is very likely to see a bounce off in the upcoming days. You can open a long position here (I'm already long in negative territory waiting for a come back), risk reward is good.
Are you buying the dip? - Follow up of previous postCheck my previous post below. Trade didn't work as expected but for me it means another opportunity. I didn't close it out as I posted back then (I know, I probably should have) but something was telling me that this particular stock may came back. Price has fallen onto the strong support. The bottom chart (daily timeframe) shows that that the support is holding nicely and is very likely to see a bounce off in the upcoming days. You can open a long position here (I'm already long in negative territory waiting for a come back), risk reward is good.
GEO Group looking bullish, yet bearishGeo Group may have a somewhat bright future ahead of it, while it is definitely not great for society. As Geo invests in public and private jails in U.S, it benefits from increased crime rate. You can find it on google, believe me it’s growing. And a lot of this can be seen on social media as well.
When it comes to TA, Geo got rejected from the Fibonacci retracement, supported by declining monthly 50EMA. However, there is a clear demand/support zone below the current price levels. Hence, I’m going in.
Stop loss at 9$, just below the weekly 50EMA. Price target at 11,16$. Risk/reward therefore set to 3.
Great day for a great day!!
Second roundPrice has accumulated for two years and then broke up. Now is forming a triangle over the now support at $10.5. Is just a matter of days or few weeks until break up again.
$GEO $GEO Showing strength into upcoming earnings week, profit target at least $14. Looks bullish on all time frames!
GEO marks up to higher levelsNYSE:GEO looks like in a trending up period.
The price completed a consolidation phase (stage-1) between May 2021 - Nov 2022.
From a moving average point of view, 10-week (simple) moving average (MA) is supporting the price and just recently touched the price again after its first touch in Nov 2022.
Moreover, MA100 crossed over MA30 recently with a bullish mark up. And the price is also testing MA200. So, this can be the beginning of the stage-2 (mark up).
I expect the price will try to hold above MA10 with higher highs.
GEONot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
GEO GROUP Is Michael Burry right to bet big on this stock?Dr Michael Burry, famous for predicting the 2008 Housing Crisis and shorting the market, is the majority holder on the Geor Group Inc (GEO). The price broke a week ago above the 1W MA200 (orange trend-line) for the first time in more than 3 years (since June 2019) and that alone constitutes major news.
A quick application of Dr Jean-Paul Rodrigue "Phases of a Bubble" model, strengthens even more buying GEO at this stage as it appears that the price has gone through the (final) Despair Phase and is now well above the Mean to start a new Bull Cycle.
Is he right yet again?
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GEO: Michael Burry bought more GEO
Michael Burry has bought more shares of this REIT so I thought I'd give a look at the chart for those who want to follow him.
What the chart is saying:
Big downtrend since May 2017. In May 2021, the stock has started a consolidation/base in form of a range between 5.5 and 9.54.
This range could be a bottom formation.
Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (9.54) could confirm a change of trend and a long trade/investment.
Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, the first potential targets are 11, 13.90 and 17.
I remain neutral for now. On watch.
GEOIf in the trade from lower blue line, then take 50% profit now.
The rest of the trade will be analyzed separately.
I expect the next leg up to be just as quick as the last leg. We can see bullish action at the central red line on the 5 minute chart. See below. There is little selling so far.
$GEO OutlookNearing resistance. Watch for rejection and falling back down below. Breakout out above could live to a large upswing towards $20. Consider that unlikely and rejection much more probable.
Michael Burry buying GEO - Chart reviewToday you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO).
Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11.
fortune.com
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Sustainable Breakout?Break out from resistance, not sure if Michael burry still holding on to this company.
