Bitcoin has its bloodbath and we got stopped out from the long position BTCI this morning. Because the trend of Bitcoin is negative despite this morning attempt to bounce, I am opening a short Bitcoin position using BITI: I will be placing a stop loss on the new BITI position.
I use TQQQ (3x leveraged ETF) as an aggressive growth vehicle to grow the account fast. This leveraged instrument goes up 3 times when Nasdaq goes up, but it also goes down 3 times when the Nasdaq goes down. So drawdowns can be brutal. This ETF is also not supposed to be a long term Continue reading →
We are opening LEAPS against Nvidia (NVDA) so we can start selling covered calls against the position while still being exposed to the stock’s growth. Instead of owning 100 shares of NVDA which would cost us $18,824 we could buy 1 LEAPS contract for $8,370 instead, gain the same (or similar) exposure to the stock’s Continue reading →
We are opening LEAPS against Apple (AAPL) so we can start selling covered calls against the position while still being exposed to the stock’s growth. Instead of owning 100 shares of AAPL which would cost us $27,380 we could buy 1 LEAPS contract for $9,920 instead, gain the same (or similar) exposure to the stock’s Continue reading →
VIV Telefonica Brasil S.A., ADR broke the resistance and closed above it yesterday. Today, it is re-testing it. We believe, the stock may move to $8.50 and eventually above $10.50. Recent Decline Analysis: Price Action: VIV saw a significant selloff from the $10 range in October 2024 to lows around $7.50 in Continue reading →
When Snowflake (SNOW) went public in September 2020 I believed this would be a serious competitor to other established cloud providers like Amazon and Microsoft. Their cloud services were supposed to be unique allowing users variability no one offered. I hoped the investment would be similar to investing early in companies like Amazon in 1997. Continue reading →
Today (July 1st, 2024), the sky was falling and I got stopped out from my NVDA position in the morning. I set my stop loss at $120 a share. But later, buyers stepped in and started buying. So, the doom and gloom hasn’t happened (it still may happen but at this point it is less Continue reading →
Bristol Myers Squibb Co (BMY) has long been a stalwart in the pharmaceutical industry, renowned for its innovative therapies and robust product pipeline. However, the company is facing a significant challenge with a projected 92% drop in operating earnings for 2024, primarily due to expiring patents on key drugs. This blog post aims to provide Continue reading →
Yahoo’s investment in Alibaba (BABA) in 2005 marked a significant milestone in the tech world, demonstrating the potential of international partnerships and investments in emerging markets. However, the journey has been fraught with challenges, regulatory hurdles, and corporate governance issues. This blog post delves into the intricacies of Yahoo’s investment, the controversial spin-off of Alipay Continue reading →
I aim to achieve financial independence by generating sufficient passive income to cover my regular expenses. A key component of my strategy is investing in dividend stocks, particularly those that offer above-average yields and have the potential for consistent future growth. In my strategy page I illustrated my journey to financial independence applying multiple strategies Continue reading →
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