RidgeHavenCapital

RidgeHavenCapital

The market has not corrected the price of BKKT. The rumor appears to be accurate. When will this deal be announced?

RidgeHavenCapital

But all signs point to it reaching $100k. Saylor still has money to print. He will buy the dip. Sellers will be exhausted.

RidgeHavenCapital

There was rumor of an offer made for BKKT last week and that stock shot through the roof. The rumor is that DJT walked away from the deal. The stock has traded close to the $30 price point for several days since.

RidgeHavenCapital

This stock is basically a leveraged ETF of BTC since the underlying business is declining and a small percentage of the total value. The stock is outpacing growth in Bitcoin and will soon collapse if Bitcoin doesn't move.

RidgeHavenCapital

Bear Flag in Royal Caribbean It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may...

RidgeHavenCapital

If it doesn't hold above $15,543, look out below. Markets are overvalued relative to interest rates when rates are expected to rise.

RidgeHavenCapital

No real business model. Lots of cash burn. Why should this company continue to exist?

RidgeHavenCapital

A rapid and sudden decline doesn't usually result in a clean move back up to highs. There should at least be a re-test of the low.

RidgeHavenCapital

So much for the trade deal. It created the biggest short setup in years.

RidgeHavenCapital

Its hard to get excited when investors are sitting on 30% plus gains for the year and we are about to get into a new tax year that also happens to be an election year.

RidgeHavenCapital

I know it is supposed to cap an uptrend.

RidgeHavenCapital

The break-out coincided by a note from Piper Jaffray about outperformance among Mortgage Originators. This was followed by decent performance by major Wall Street banks this week in their earnings reports. Many showed 30% Q over Q growth in either mortgage revenues or origination volume.

RidgeHavenCapital

I wrote about this stock on Seeking Alpha recently. The company is making money hand over fist with mortgage rates dropping. The uptick in the chart is due to a rapid decline in mortgage rates, which is driving operational improvement. The company should have a record profit for the quarter.