Bitcoin has gone up about 500% in the past year. I'm getting interested. Talk about chasing performance. I would consider any purchase of bitcoins or ethereum a gamble not an investment. Be prepared to lose it all. On the other hand, did you know that the market cap of bitcoin and ethereum combined is half of Goldman Sachs? You can buy, sell and store bitcoin at coinbase.com. I'm going to buy some crypto. Not much but some. It could go to zero but it might just be the beginning. I … [Read more...]
My Shopping List
I would like to buy Netflix Inc, Shopify Inc, Square, Apple Inc and Amazon.com Inc, however, I hate chasing performance. I don't mind a momentum play when there is nearby support but to chase performance with no real close visible support is difficult and dangerous. The flip side is price may never come back in to current support levels to get long. Check out the charts... Netflix Inc (NFLX) daily Shopify Inc (SHOP) daily Square (SQ) daily Apple Inc (AAPL) … [Read more...]
XLE and TSLA
SPDR's Select Sector Energy ETF (XLE) daily A great trade set up gone bad early. Price broke primary support again today on a daily basis. The monthly close was also below primary support. Sell it and limit loss to about 3%. Damn, it looked like a good one. Tesla Inc (TSLA) daily Price is going a bit parabolic. May have to take some partial gains. Continue to hold...for now. Hold all other open positions. Trade Smart, Don … [Read more...]
Tesla and Energy
TSLA Inc (TSLA) daily Our recommendations from April 4th and May 8th are up about 12% and 10% respectively. TSLA has ripped higher like a slot car on steroids during the past four trading sessions. Continue to hold. SPDR's Select Sector Energy ETF (XLE) Our recommendation from May 8th is off about 3% and has closed today under primary support; the green upwards sloping trend line. We are not going to live with this too long if price stays under this level of support. Y … [Read more...]
Lamar Advertising Co
After an initial nice pop LAMR has faded back and closed the week slightly under support. Lamar Advertising Co (LAMR) daily Sell it to limit loss to about 6%. Hold all other open positions. New highs in SPY, DIA, QQQ. More giddy up to go. A quick Memorial Day story. My Dad was a submariner during WW2. He chose that duty because sub guys got extra pay...hazard duty. His good friend's Dad was Captain John Cromwell, USS Sculpin, Scargo class sub.The Sculpin was captured by … [Read more...]
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