Ah_Meng
2023-10-27

Beware... And don't chase, no matter how convincing the euphoria might sound... This earning season is unlike all others in short memory. One day you will find crashes, think Tesla, Alphabet and other popular technology companies. Another day, you will also find big upgrades and raising stock prices, think Amazon. There are even some others that shoot to the moon without the need forearning fever, think Bitcoin and all other Bitcoin related companies ($Coinbase Global, Inc.(COIN)$ $MicroStrategy(MSTR)$ come to mind).

This is an unusual time. Prominent wars on two fronts, major economies fighting inflation and ever present fear of recession. For those cryptocurrency fanatics, there's even the possible treat (or trick) of cryptocurrency ETF! To top it off, there is also the ever looming fear of US government shutdown and ever on-going US-China trade war - the countdown has started. Uncertain times bring uncertain measures... 

What governments cannot provide, the common people takes matters into their own hands. Some throw bets on cryptocurrencies, some seek traditional safe havens of precious metals (especially gold), some pile on oil?! In amidst of the mad dash, most ignore the fundamentals and future. That's why technology companies suffer and mining companies go to the dogs.

I have not posted for a long while, as I satisfied myself to ride the wave and ignore the everyday hype. Those I managed to get in and rise, I ride along. Those I missed, I stayed unmoved. Investing is long term. Gambling is for kicks! 

Good luck all! 

@LMSunshine @CaptainTiger  @Tigress02  

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • snugglo
    2023-11-06
    snugglo

    The Wolf Of Wallstreet Said CRYPTO Is A Fraud But Likes Bitcoin. That Doesn't Make Any Sense. Just Like All Of The CRYPTO Smoke And Mirrors COIN Will Go Away Too.

    • Ah_Meng
      How true! Indeed… before you know it, another new trend has taken over…
  • ChrisColeman
    2023-10-27
    ChrisColeman

    what you have here is people selling COINBASE to buy BITCOIN

    • Ah_Meng
      Possible play... but I see more people holding Bitcoin than Coinbase for this to support the inflow into the current Bitcoin euphoria
  • WendyDelia
    2023-10-27
    WendyDelia

    Why not just buy the tech stocks?

    • Ah_Meng
      Of course you can buy tech stocks. But which one [Happy] [Tongue]? It is always expectation vs fundamental... AI, EV are all for the future. The company must strive now to have a chance in the future.
  • WernerBilly
    2023-10-27
    WernerBilly

    There is no inflation in Bitcoin,

    • Ah_Meng
      That may be true, but it also has no value on its own...
  • snugglo
    2023-11-06
    snugglo

    what a week for COIN. No plans to sell, Just nice to see a profitable week.

    • Ah_Meng
      Good on you! Run when you need to, walk when it is called for and ride along while the fun is still there [Tongue]
  • JohnnyYoung
    2023-10-28
    JohnnyYoung

    yeah, don’t chase can be a scam!

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