The NBA Stock Outlook on PredictionStrike
Hey everyone! It’s David Rooney, your friendly
NBA fanatic and PredictionStrike expert investor here with some more
opportunities to make money investing in your favorite athletes through
PredictionStrike.
Let’s check in on my callouts from last week and see how we did! After some up and down movement the past few days, Joel Embiid (-0.69%) has settled in back at $13.96, while Luka Doncic (-10.89%) is down to $18.37. Not the week we hoped for, but as I mentioned last week with Luka, those were more long-term plays. With that, let’s get into some trades I’m looking at this week!
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Swing
Trade
With Stephen Curry
(-0.25%, $20.95) likely being out for close to a month due to a shoulder
injury, Moses Moody (-0.59%, $1.64) should be in
line to see an increase in minutes. SportsData.IO has had trouble in the past
with quickly adjusting to a player who has had a change in status, whether due
to a trade to a new team or an internal promotion due to injury or other
factors. Moody is likely going to have an opportunity to show what he can do with
extended minutes and will likely be tasked with both scoring and playmaking
duties in Curry’s absence.
Klay Thompson (-9.23%, $3.46) is currently listed as day to day, but as long as Thompson is in the lineup, you can expect him to also take on a lot of Curry’s duties, particularly scoring. Thompson is arguably just as gifted a shooter as Curry is, and the team will need him to step up in a big way. His efficiency may take a slight dip given that dribbling is not typically a big part of his game, but the team will gladly live with that if it helps them weather the storm during Curry’s time in street clothes. Thompson can score the ball at will, and throughout the next month we’ll get to see what he looks like as a team’s number one scoring option. I’m excited to see that and wouldn’t bet against him.
I am planning on investing in both Moody and Thompson for the next month or so until Steph returns, and then I will reevaluate at that time. Most likely, I’ll close out my position in Moody given that he’ll lose a lot of his playing time once Steph returns. If Klay has been doing well, I might hold a while longer, or perhaps I’ll close out most of my position to secure the guaranteed profits, while leaving a small position open to collect any additional profits from Klay throughout the rest of the season.
Buy and
Hold
Despite his age, LeBron James is not going anywhere anytime soon. He’s a player worth investing in for the rest of the season due to his consistency and his proven ability to put up massive fantasy numbers. If you’re going to invest in James, now is the perfect time with Davis sidelined. I already have shares, and I will be adding to my position in the coming days.
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Thanks, everyone, for joining us! I'm super excited to bring
you more NBA commentary every week. Have ideas as to what else you'd like to
see from this newsletter? Let me know!
Happy trading,
David
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