|Day Low/High||659.51 / 706.70|
|52 Wk Low/High||70.10 / 900.40|
I believe more sensible regulations should be considered and enforcement is needed to adapt to gains in technology.
The trading pattern is just too choppy for me to recommend purchase at this point in time. But check back.
Let's look at the move in bonds, how it will lead stocks -- and load the deck with some 'b-sides.'
It's interesting that Tesla began to form a topping pattern around that same time that meme stocks stole the spotlight.
* Speculation is an almost constant condition - it has been going on thru the history of time * But manipulative practices ruin our markets * The introduction of a financial transaction tax and the elimination of near term (weekly) call options woul...
Low borrowing costs have fueled the boom in stocks, and higher borrowing costs can just as surely kill it.
* Travelling at 200 miles per hour, Cathie Wood and Ark Invest are on a collision course with the proverbial wall of ETF outflows * I expect a reversal of ARK's virtuous cycle of ETF inflows and a rising share price * It is growing increasingly poss...
The Fed Chair threaded the needle better than Joe Montana down by six with a minute to go on any given Sunday.
After the chaotic action Tuesday, I am looking for a renewed focus on stock-picking.
As we saw brutal selling on Tuesday, I'm still moved by the CCIV and Lucid news. Here's how to approach it now.
* Covered my Index shorts and Tesla this morning As you all know I have distributed the investable funds from my managed accounts recently as I am starting a new hedge fund, Seabreeze Partners LP. Over the last month or so I have been basically tr...
* ARKK's investment strategy appears to literally drive 200 miles per hour as long and until the proverbial wall (of outflows) is hit * But Cathie Wood might now be, like Gene Kelly, 'singing in the rain' * ARKK traded down by -$9 yesterday and is d...
Cryptos and cash are both headed for a real fight. For their own existence.
I have covered some of my Tesla and ARK Innovation shorts in premarket trading. I typically trade around core positions (long and short) - and that is what I did this morning.
Have you been frustrated this past week or two? I know why, and here's what to look for as those mega-cap names are moving little.
When the seats are all inhabited by the sharks, they soon start to devour each other.
I have recently noted that Tesla's fundamentals are deteriorating and that they are cutting prices further. Here is a more positive and nuanced view of Tesla's fundies... My reaction? There is no such thing as "nuance" from a member of the Tesla ...
* I added to my short. * I added to my speculative stock basket short. * I added to my Tesla short.
My favorite natgas play has been Antero Midstream, approaching a 300% gain since last March.
Fed chief Jay Powell wasn't going to let Covid-19 bring down the U.S. economy on his watch, and a legion of small investors profited from his determination.
And listen to what Cathie Wood of ARK Investments had to say about TSLA and ride sharing.
Tesla has rallied by +$30/share following Cathie Wood's positive remarks. Shorting more at $795.30.
From yesterday morning's intraday high, there has been appreciable declines in a bunch of stocks that I have been shorting. Names like Tesla , Peloton , Carvana , MiscroStrategy and ARK come to mind.
The acceptance by corporate America and the rest of corporate earth certainly makes knocking bitcoin off of its pedestal more difficult.
Just as TSLA's strength lifted the S&P 500, its weakness can cut in the other direction.
Buying the SPAC CCIV comes with plenty of downside risk and a lot of unknowns.
, , , , , , , , , , Homebuilders, and . No long sales or long buys. __________ Short SPY (large), QQQ (large), CVNA, PTON, TSLA (large), ARKK (large), FB, DIS, PLUG (small), TLT (large), AAPL, Homebuilder Package (large).
A year ago the stock market was flying high, only to plummet with the spread of a deadly, mysterious virus; this is the story of how it found a bottom.
ARKK is an excellent proxy for the exaggerated speculation in large cap disruptive technology.