|Day Low/High||186.86 / 210.19|
|52 Wk Low/High||208.00 / 429.54|
Stocks I bought in the hole in premarket trading for a short term long rental include , , , , , (more of an "investment", more on this later), , etc.
I am taking profits in the portion of my purchased yesterday at $217.55 - now at $231.50.
Coinbase is disconnecting with the weakness in cryptocurrency prices. This is a good thing. I added to COIN.
Stock futures had a steady bid overnight -- and at 525 a.m. S&P futures were +30 and Nasdaq futures were +130. (This follows a +$5 improvement in from the afternoon lows by the close) VIX is down by about two bits to approximately 22 this morning....
Coinbase traded over $350/share in early November and is now at $235.71. If I was a believer in cryptocurrencies, I would buy the stock at this level. But I am not a believer for these reasons.
I'd need a really cheap price to think about getting involved in Bitcoin at this time.
Despite the expectation of a tougher sledding for high-flying IPOs, optimism remains for a few key names.
Trucking company Yellow Corp. and water heater maker A.O. Smith could make for nice trades.
The carnage continues in the "favorite" stocks mentioned in the business media. The latest disaster is COINBASE - now trading at $247 and more than $100 off its high when it was recommended confidently. More on crypto currencies in my opening miss...
* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts "Last thing I remember, I was Running for the door I had to find the passage ba...
It looks like Ethereum may be looking to close the gap of price differential with Bitcoin a bit more.
I just took in my short at $328 for a good profit (of $15/share) - offsetting some of yesterday's loss.
* Adding to Boeing . * Streaming stocks go from loser to hero ( and ) * Banks catch a bid o the rate rise ( -$1.50) - steadily adding to . * Scaled up on my short - cost basis now $344.10.
"Fin TV has become almost like watching a cocky heavyweight fighter who of hubris who doesn't even put up his guard against his competitor." - Kass Diary, The Gloves Are Off and The Guard Is Down In the past I have gotten some pushback about bein...
While it was not a particularly good day, we're seeing necessary action after the run we have had.
Coinbase had a large top-line miss. Just walked back into my office -- need to hear the conference call. Correction: A previous version of this diary entry had the incorrect disclosure. Kass was short COIN at the time of writing.
Did anyone else see the semi-annual Financial Stability Report?
I know this is quite unpopular, and perhaps even dangerous, but I like the pairs trade of long gold and silver and short digital currency. I have added more at $166.96 and at $22.14 in premarket trading. I am long GLD and SLV and short digital curr...