To The Moon

Diminishing Interest. A new report from automotive research firm J.D. Power noted fading EV interest from US consumers. The survey of 8,179 consumers was conducted from January to April 2024. The data showed that for the first time since 2021 when J.D. Power began its Electric Vehicle Consideration Study, EV buying sentiment has dropped. (see below) The percentage of people who say they are ”very likely” to buy an EV is down -2% to 24%, compared to 26% last year. Those “overall likely” consumers have decreased by -3% to 58%, from 61% a year ago. Man Culprit. Main reason consumers are less excited about EVs is because there aren't enough charge points. Over half (52%) of people survey, cited this common concern. Topping it off, this “old” concern have risen by +3% from a year ago. Tesla

$GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering

* Wall Street retreats on mixed corporate earnings forecasts; Hang Seng cheers on housing policy 🇺🇸 S&P 500: -0.19% 📉 🇺🇸 Nasdaq: -0.25% 📉 🇪🇺 Stoxx 600 Index: -0.09% 📉 🇯🇵 Nikkei 225 Index: 1.39% 📈 🇭🇰 Hang Seng Index: 1.60% 📈 🇨🇳 CSI 300 Index: 0.39% 📈 * U.S. stocks fell, with the S&P 500 and Nasdaq Composite down -0.2% and -0.3%, respectively, as investors adjusted interest rate cut expectations in response to slowing inflation and strong corporate earnings data. * U.S. jobless claims fell by 11,000 to 222,000 in the week ended May 11, beating estimates of 219,000, suggesting the labor market remains quite tight and is finding a delicate balance. * Asia-Pacific stocks rose, with Hong Kong's Hang Seng rising 1.6% to a nine-month high and China's CSI 300 rising 0.4%, driven by supporti

Prominent Bitcoin detractor Peter Schiff took to social media “X” (Twitter) to predict that the price of Bitcoin (BTC), the largest cryptocurrency, will plunge back to the $20,000 level. The gold bug argues that despite the plunge, it would still be a "high" price for the crypto leader. If price really falls, he estimates that business intelligence company $MicroStrategy(MSTR)$, which is known as the largest corporate holder of Bitcoin, will have to face an unrealized loss of $3.25 billion. Schiff has also accused MicroStrategy, that owns a total 214,400 Bitcoins of manipulating the largest cryptocurrency. The gold bug's recent comment came after the price of Bitcoin slipped to an intraday low of $60,065 after the seemingly underw

Another year's Berkshire Hathaway shareholder meeting, with Cook and Gates seen sitting in the audience. The moment when Buffett mistakenly called out "Charlie" was somewhat poignant. In the latest Berkshire Q1 holdings, approximately 75% of the fair value of its portfolio remains concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola.It's worth noting that Berkshire Q1 still remained a net seller, with cash reserves reaching new highs. In Q1, Berkshire sold nearly $20 billion worth of stocks while only purchasing $2.7 billion, leading its portfolio value to decline from $354 billion at the end of last year to $336 billion.Although Apple remains Berkshire's largest holding, its stake value dropped from $174 billion at the end of last year to $135.4 billion. As of

I opened $SoFi Technologies Inc.(SOFI)$ ,SoFI: Bought in SoFi at $7 as part of getting assigned after the covered puts I sold went into the money and expired on 3rd May. SoFi closed at $6.96 at closing and I was ok with it. For weeks I’ve been selling SoFi at support $7 and this week it finally went as low as $6.61 before ending at $6.96 at closing. I’ve collected $0.36 premium from the options so $0.04 in the money meant I’m still profitable for $0.32 which translate to 4.55% premium collection over 25 days. Will turn to sell covered call on these newly acquired stocks. Earnings on 29th April were good, company was profitable for the 2nd Quarter in a row, however Mr. Market don’t like this company at its current state. Only time will tell I

It's not easy to find stocks that can soar or even double in price in just a few months, and many of them lack sustainability. Therefore, a better strategy is to invest in good companies with long-term growth potential and hold them for the long term. To find the doubled growth stocks among them, it's important to choose the right industry. For example, the electric vehicle industry, which is currently experiencing rapid growth, especially those electric vehicle stocks that have seen a significant decline in their stock prices. But as long as the catalysts are in place, their stock prices can soar.In 2024, the prices of two electric vehicle stocks, $Rivian Automotive, Inc.(RIVN)$ and $Fisker Inc.(FSR)$, ar

The quest for a spot bitcoin ETF in the US started in 2013 though initially rejected. SEC approval for bitcoin ETFs based on futures began in 2021.$BlackRock(BLK)$ and Fidelity’s application for a spot bitcoin product gained momentum due to their influential positions in the US financial system.All these efforts made the approval possible in 2024.What are the advantages of spot Bitcoin ETF for retail investors?It introduces additional regulatory safeguards, providing a more secure investment environment.Investors gain the opportunity to invest through reputable financial institutions, adding a layer of credibility to the market.This simplifies the investment process, as investors can hold the ETFs directly in their brokerage accounts.Howe