head and shoulders patten in progress on s&p 500
Can anyone believe this company once had a $15billion market cap...? Food delivery becoming more competitive by the day, Grubhub struggling for profitability, and headwinds beginning to prevail in tech sector. Easy short down to $35 or $30. Borrow rate is low. Cheers!
Cheap, low interest rate money carries us to all time highs (market top april 21, 2021) and then sinks us. Predictions: Trump is reelected in November of 2020 Interest rates are lowered to near zero There is some type of mass credit/lending fraud Tech bubble bursts. Investments in companies with no real path to profitability are abandoned. NASDAQ 100 losses...
PFF is a dogshit, overvalued, poorly managed, preferred stock fund. People have been buying it up going into an obvious rate hike on June 13th... Something like a 12 day winning streak.. Y'all know this is fixed income, right? Bagholders about to get dicked on. Lucky for y'all this is fixed income, and volatility is minimal
GBTC PREMIUM IS GREATEST WHEN BTC PRICE IS RIPPING AND GBTC PREMIUM IS LOWEST WHEN BTC PRICE IS TANKING. GBTC TAKES THE SENTIMENT SHIFTS IN EUPHORIA AND DESPAIR AND EXACERBATES THEM, AS IT REPRESENTS A LESS SOPHISTICATED SECTION OF THE MARKET WITH LESS INVESTMENT RESOURCES. IF ONE BUYS ON A BTC PRICE DIP WHERE THE GBTC PREMIUM TO NET ASSET VALUE CLOSE TO 30%, THE...