To The Moon

🌟🌟🌟Tomorrow is Quadruple Witching Day - An event that may cause mini tremors or even earthquakes in the markets.  The name "Witching" comes from the idea of ancient times when dark supernatural forces are active.  It can apply in the markets if traders are forced to unwind large derivative positions.  Such events could sometimes cause unexpected moves but for the most part, it now causes heavy volume.

Futures Traders can take long and short positions.  If they want to keep a position through the quarterly expiration, they must sell the expiring contract and buy into the newer contract.  This so called "rolling" is a big reason for the heavy volume on Quad Witching Days.

Would I Pump or Dump? Or use ODTE Option Contracts?  For those who are new to investing ODTE means "zero days to expiration".  However to me ODTE options carry high risk.  Traders in ODTE options have to get the market direction right and timing has to be almost perfect. 

I would instead prefer to go bargain hunting for stocks selling below their intrinsic value. 

One of them is $Alphabet(GOOG)$  

$Alphabet(GOOGL)$  Recently Google's AI chatbot Gemini's image generating service was accused of producing racially inaccurate depictions of historical figures.

Google reportedly lost some USD 90 billion in market value on February 26 admidst this controversy over its Generative Artificial Intelligence product.  Shares of Google fell 4.5% to USD 138.75.  This was its lowest price since January 5 as well as its 2nd steepest daily loss since last year.

However despite this, Google is still the market leader in Search Engines globally with 92% market share.  It is very much into AI and will continue to grow exponentially in the future.   I use Google every day and so do millions of people around the world.  This mishap is not likely to shake the strong foundations that Google has made to be part of the Magnificent 7. 

Wall Street Analysts are bullish on Google with a Buy rating,  Average Target price of USD 164.59 according to Tipranks.  This is an upside potential of 17%.

So on Quad Witching Day, I am keeping a close watch on quality stocks that I like to buy and hope to pick up some bargains tomorrow. 

As Warren Buffett likes to say when there is fear in the markets it is time to be greedy.   Quad Witching Day may just provide me with a golden opportunity to do so.

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