$Coinbase Global, Inc.(COIN)$ I have been trading in $Coinbase Global, Inc.(COIN)$ for a while, generally on the bearish side, as the SEC overhang casts a looming cloud of uncertainty over the company. I traded in it when it was stuck within the $70-80 range and made a decent amount trading that choppy range, creating strangles through sold puts and calls at the extremes of the range. I also traded via short positions from the top of the range, given my bias towards the downside for COIN. I was lucky that I ceased trading bearishly on COINand pivoted to other stocks, as I saw BTC increasing past the 30K range. Looking at COIN now, nearing the mid
$Tesla Motors(TSLA)$ Despite the high sales number, I am leaning bearish in the midterm beyond the speculative sentiment shifts in the short term. While the sales numbers are positive, the fact that there were significant rounds of price cuts will point to a decline in margins which undercuts profits. Furthermore, part of the future growth story of Tesla is dependent on its charging network which I doubt will see major inroads in China. FSD may also experience issues of technology diffusion within China. I expect it to hover within the 240-265 range this week, on the buoyant sentiments, ending the week around 250. But as we all know, this is TSLA, and we have Elon Musk factors at play too.
$Tesla Motors(TSLA)$ The Morgan Stanley analyst upgrade for TSLA with a price target of 400 appears to be a little over optimistic given no real fundamental shifts in the business of late. Some catalysts could include the possibility of a Cybertruck announcement in due time, but I feel that this may have been priced in, and with the discounts that have been given lately, I doubt that TSLA can return to it's previous sales margins. I may sound like a Perma bear but I lean towards TSLA heading down as the speculation arising from the $400 price target, may lead to an exit out of the positions at the end of a week where CPI has ended up a little hot, 0.1% hotter to be accurate.
$Coinbase Global, Inc.(COIN)$ Coinbase Singapore now requires more personal information to process transactions. This could be a response to the recent money laundering situation arising in Singapore. While the measures are welcomed from a security and anti-crime standpoint, it would seem to affect users legitimately moving crypto around efficiently and also impact the intended de-fi nature of crypto if all transactions are now being monitored closely by the authorities effectively forcing a 'centralised ledger' to be maintained at least within/involving Singapore originated movements. https://cryptoslate.com/coinbase-singapore-now-requires-counterpartys-personal-information-to-process-transactions/
Hey Everyone, Would you like to do a short intro? Most of us have been in this for a month+ and it looks like we will have a good run at this. It will be nice to know each other a bit more. I'll start. I am a 40 year old Singaporean guy, working in the civil service. Primarily a family guy, started investing only last year actually as I was working on building a solid base first - on hindsight, i should have started sooner as i missed on the huge gains from the 2000s. I started last year as I had fulfilled my property portfolio intentions and was looking to grow my wealth through an extra channel. My intention was initially to mitigate inflation risks, but somehow I came to a point where investment returns are besting my earned income. I enjoy the excitement of decipherin
$C3.ai, Inc.(AI)$ Earnings are slated for today, with analysts expecting a consensus EPS of -$0.17 and revenue of $71.6mil. The whisper number appears to be -$0.12 which would be a decent beat on expectations. This may lead to small uptick for AI but concerns remain on whether C3.ai is a mere bit player in the AI space riding on a meme-ish stock symbol. As a company that has chameleon-like properties of changing it's focus area from energy to IoT to AI. It seems to lack a core business focus and is more intent on drawing attention and pulling in the crowd as the crowd shifts from one fad to another. While punters may be keen on riding the expected earning beat, it may be prudent to stay away as knowledge on
CPE results today - Results may push markets down again. Thoughts?
CPE results for the quarter expected at 830am today, some forecasts predicts increase an increase due to high oil prices during the quarter. The bear market push starting late will lead to a lag in the indicator, and possibly pushing the Spy and QQQ further down today. Coupled with it being the end of the quarter, the market may wish for a rally but a downward move and culmination of the markets may be the better outcome as it will influence the FED into registering the beating the markets have taken, and shift the pivot timeline forward. Thoughts? https://seekingalpha.com/article/4543459-reaping-the-whirlwind-a-september-2022-inflation-update
How will the GDP announcement affect the markets today? With the announcement scheduled for 830am, the expected outcome appears negative, and may influence the market movements today. After the great results from the market yesterday, I wonder how much it will influence the mood today.What do you think? Bull or bear? Would love to hear your thoughts.
Markets moved bullishly at least in part thinking that the Feds were meeting to discuss measures to allay the general concern about markets potentially crashing after a terrible September. However, all they discussed was about debit cards needing at least 2 payment options in light of the the increasing diversity in payment mechanisms. I believe that the market has just got its ankle broken by a stepover(basketball analogy), and markets are set to revert on its bearish course. https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm
Annual report. Quite happy with my outcomes for this year! $Tesla Motors(TSLA)$ has definitely been a massive friend, going both long and short on the stock, and using quite a bit of options on it as well. Missed opportunity with $Coinbase Global, Inc.(COIN)$ , as I was skeptical of it moving up as much as it eventually did. I was both long and short the stock at various times, so i'm content that i didn't end up short when it started its run up. 2023 looks like a good base, given it is the first year I started really investing/trading the markets after dabbling a little in 2021/2022. I am very happy with how things panned out after I decided to put the money in this year, star
During the Q&A segment, Powell said the Federal Reserve is dealing now with six regulatory designations known as “matters requiring immediate attention” (MRIAs). “I guess there were six of them,” Powell said. The US banks remain in doldrums. And Deutsche Bank is contributing to the issue from Europe. Wondering if these could be the harbingers of the recession.
I opened $TSLA 20240524 167.5 PUT$ ,Positioning for a downside move for TSLA. Buying at 0.99 while volatility is low. Hoping for greater volatility as NVDA earnings tends to move the markets.
The competition has began. Don't worry too much about the rankings. The primary focus should be on staying the course and making sure everyone of us are making money within our risk appetite, and growing our wealth at our own pace. Stick to your game plan, as I can see that we are all capable investors/traders. The results will come.
Monthly Personal Review November has been an interesting month. I had caught a few good breaks in October and made a good amount, but i chased a little too hard in November to make similar gains even when the opportunity was not presenting itself, undoing some of the earlier successes. With patience and commitment to a plan, i can keep up the profits. I am making a conscious effort to be mindful of seizing opportunities that present themselves rather than chase my thesis even when the markets may have swung.
$Tesla Motors(TSLA)$ Tesla has taken a heavy hit in the past weeks and breaking 200 seems to be sign of major weakness. But Tesla is an interesting stock that is driven not just by fundamentals but also a fanatical band of retail investors who swear by the company and its often malign talismanic figure head Elon Musk. With the launch of the cybertruck due, the fanboys will get excited by the hype and the discounted stock prices which may drive a short squeeze, given the heavy shorting TSLA is experiencing. All it needs is a spark at the moment. I am not sure if it will trigger just below 200, but once we near 185 or 190, i anticipate a wave of buyers coming in. I lean towards buying small quantities at t
$Tesla Motors(TSLA)$ At this juncture, TSLA is definitely oversold. Typical reactionary selling on perceived negative future outlook. But TSLA was always going to have to drop prices, as Elon Musk's vision is for the planet to have more efficient transport in terms of energy consumption and efficient traffic management/flow. As part of this plan, it was always going to have to exist in the mass market segment, which necessarily report lower profit margins, which should be balanced by increased market penetration. Does this lead to short term discomfort holding as the company seems to be throwing away it's profit margins? Sure, but this is not a race to the bottom, this was always on the cards. Massive gr
Markets are very volatile, indeed. But great time/opportunity to make money also. Markets still undecided between bearish or bullish. Not sure how you all prefer to trade, more defensive or more offensive/risky. Personally, I'm OK going more risk on since I have a decent earning buffer. I primarily go for short term positions with option support. I do scalps when opportunities arise and my buying power isn't too stretched. Let's share our thoughts on how the markets seems to be moving and support each other in our wealth building journey. I vetted all team members to ensure we are all relatively regular traders/investors so we should be a credible team. If we can get placed and make some cash through this competition, it will be win-win for all off us! Cheers and
$Tesla Motors(TSLA)$ We had a positive green candle that is sparking optimism for investors and trader of Tesla stock. Could this be the run to 300? We just had a positive run in the markets prior and the optimism breeds hope. What are the risks of a rug pull though? CPI results will be released tomorrow prior to market open. So it is normal for the stock to remain choppy and Tesla is no different, increasing within the day from a low of about $211 to a high of around$225. The stock remained range bound between $222.5 to $224 for most parts, with bulls failing to push Tesla beyond $225 which seems to be acting as resistance. The CPI results which analysts predicts to be higher than the Feds would prefer casts a shad