Iran has a lot more in store for the US. I was doing a little research and the area around the Strait of Hormuz is very mountainous and Iran has “cities” underground all around the strait. They have speed boats, airplanes and all kinds of other military hardware.
Bloomberg agrees with me ☝️
$CRCL got an analyst upgrade today 🥳Markets started out strong this morning but Nasdaq just turned negative.. people are selling into strength and the weekend will be too risky for traders to be long. Expect a very bad close
The weakest crash? 🤔 You're assuming the crash is over. It’s very far from over. It's just beginning
Don't try to trade the market. It's a losing proposition for 99% of people. Buy quality companies and hold. Patience beats timing every time.
Investing wisdom:
1. Whistling past the graveyard
2. The greater fool theory
3. Reversion to the mean
4. Bet on the jockey not the horse
5. The worst of loans are made in the best of times
Warren Buffett: "Only when the tide goes out do you discover who's been swimming naked."
Hash rate was at ATH before every major crash. It peaked before the 2022 crash too. It's a measure of network security, not price direction.
Saylor can't buy Bitcoin fast enough to overcome the redemptions flooding the market from former miners pivoting to data centers. They prefer economics over ideology. Mining is getting more and more unprofitable. Several miners have already announced they will be liquidating their Bitcoin holdings.
I view CRCL as a long term holding and likely the defacto digital currency of the internet. CRCL uses a stablecoin and is nothing like Bitcoin. Bitcoin is on its way to zero over the coming decade or two. I've been calling its demise since it peaked over $120K and have been spot on all the way down.
Look at these daily gains! I blew past $500,000 today. When I started actively trading a few months ago.. the Tech2U E*Trade account was only about $240k 💪💪💪
Markets popped after a CBS reporter tweeted a Trump quote saying the war was pretty much over. Whether true or not, markets got needed relief. His words lowered oil prices globally and boosted stocks. Iran's Foreign Minister said ships in the Strait of Hormuz need to "pass carefully"
Ok I'm sticking with my UEC and will buy more if it dips below $10. OKLO I've made a lot of money betting against. I love what they're doing but their stock price got WAY ahead of reality. I'm still short OKLO using PUTs and wouldn't touch that one until around $20 a share.
Within striking distance of $500,000 😳
Oh and not only is my average price lower.. because QCOM pays a dividend, I've effectively increased the annual yield QCOM will pay me on my principal
Qualcomm (QCOM) is now above where we started buying it. Using my "playing a game with the numbers" strategy.. I sold (for a gain) a little bit of that first purchase I made. So, now my average purchase price is reduced to $136.57.. and I'll still trim a little more over $140 per share
We're seeing a tremendous reversal to the upside in the stock market in this final hour. I like to bet against the herd, however, and I'm not convinced we're all clear. So I'm buying CALL options against the Nasdaq 100 (QQQ) using the QID 2X leveraged short.
Look at this YTD (year-to-date) performance ‼️ This doesn't even include today's move. Purple line is me.. looks like an airplane flight path ✈️
Monster day today with markets down around the world
Fertilizer stocks are the biggest beneficiaries of this Strait of Hormuz shutdown.. nice call on CF Industries (CF). I'm torn about the Nuclear and Uranium stocks. I've made a good amount on UEC but it's way off its highs. Maybe I should buy some more tho 🤔
Use limit orders.. they're your best friend
I was right again about Bitcoin not staying above $70K for long. Did anyone follow me on those SBIT CALL options?
I hold those and SMST CALLs (a bet against Microstrategy) and they've been up a lot.. a nice buffer against some of the pain getting inflicted on long positions.
When fear settles down and the dust settles.. this one will get back into the teens and stay there while still paying me 9% a year
Many have come to the defense of $OWL the last few days but fear is ruling today. I bought more shares today of $OWL at $9.72 which also locks in a 9% annual dividend payment to me.
But if they're well managed they'll be just fine. Fear and greed rule the market. Those emotions provide opportunities.
Jamie Dimon said that it's not a private credit problem it's potentially any lender's problem whether it be big banks or private lenders. Firms which don't have good lending standards and proper risk management will have defaults.
Blue Owl ($OWL) continues to get punished. The fear of the month (besides the war) is the fear that private credit is the next major systemic threat to the economy. A lot of smart people, however, are calling this an overblown concern.
Yes, today is another great opportunity to nibble. I bought 10 more shares of QCOM, a great American company headquartered in beautiful San Diego. Cutting edge technology that will fuel the American and global economy for many years to come. And it's half price from its all-time high.
Bitcoin's value rests on the 'greater fool' theory. It works great as long as there's a greater fool to come along and buy it from you
