ARKK is in stage #4 but morphing into stage 1. The stock started moving down sharply. As the tech stocks recover, ARKK will follow. If you like risky investments, this could be a good ride. I won’t touch it with a long pole, though. The stock may be propped by risk-loving retail investors, but Continue reading →
Technical view: Apple Inc. (AAPL)
AAPL is in stage #2. While all the “technical gurus” on CNBC were recommending selling Apple because it was technically doomed to go down when it approached the downward sloping trend line, the stock defied them all and kept rising, so I hope you were not listening to them and kept buying. The stock Continue reading →
Technical view: Restaurant Brands International Inc. (QSR)
QSR is in stage #2. This could become another Texas Roadhouse restaurant if done correctly. Patrick Doyle is a great CEO and has a very good track record of turning struggling businesses around and making them profitable. I think this could be another opportunity to make this a great investment although the stock is Continue reading →
Technical view: Alphabet Inc. (GOOGL)
GOOGL is in stage #2. and extremely undervalued. The stock is recovering from the recent bear market very fast. It reached its intermediate resistance, but it seems to have the momentum to breach it. Despite all bearish talks, GOOGLE is improving its finances, and cutting costs, and that is what investors like. It will Continue reading →
Crocs (CROX) reported earnings, beat, but dropped more than 17%
CROX beat the estimates but provided weak outlook for the next quarter. Morons rushed to sell everything, including their house, wives, kids, dogs, and CROX. The stock dropped over 17% (as of now), and it was down more than 21% this morning. It amazes me how stupid the market is (or market participants). A CEO Continue reading →
Morons dumping and chasing the market
The longer I am in the markets the more disgusted about the stupidity of the morons trading and investing out there I am. Recently, the markets were weak and it seems they are rolling over, but the overall narrative from the media was that “investors were selling awaiting big tech earnings.” Or similar nonsensical crap. Continue reading →
The bull market is still intact
The bull market that started on October 2022 is still intact. It may change, but it hasn’t changed yet. The bond market still continues to show a bullish setup and so far, it is wrong to be on the bearish side. A soft landing is still a strong possibility. The investors are still extremely bearish. Continue reading →
Technical view: Jackson Financial Inc. (JXN)
JXN is in stage #2. The stock bounced at 200-day MA support. The recovery from the recent “banking crisis” selloff continues. The price is “hugging” the 200-day MA and the upward-moving trend line. At the current level, the stock is extremely undervalued, but it may take several years before we see the stock reach Continue reading →
Technical view: Nuvei Corporation (NVEI)
NVEI is in stage #2. NVEI is my new addition to the portfolio. I was resisting investing in fintech companies as I couldn’t find any diversified enough to give me the comfort of not investing in companies exposed to cryptocurrency only. It is a purely speculative trade. I plan on holding this and selling Continue reading →
Technical view: Medical Properties Trust, Inc. (MPW)
MPW is in stage #4. The company recently started fighting back against one of the biggest short sellers. That caused the stock to bounce two weeks ago. But the company still faces strong headwinds as the interest rates rise fast and hospital owners are weak. It is ironic that MPW is one of the Continue reading →
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