Get ready to retest the lows cryptoFAGS, one of my favorite things in the world to do. I’ve always relished trading stocks that retested recent lows. More often than not, those lows are broken, and then violated, making way for new lows of an extraordinary varietal. The HODLers will soon find out what happens when fear replaces greed in the asset class — crazy things could happen. Black swan events, 10 standard deviation moves to the downside on gargantuan volume. You will not hold 10,000 BTC, for you are heading for 9,000 in fairly short order.
Aside from that, Dow futures are slightly higher, and gold and oil are up as well. Europe is putting me to sleep. Yesterday was all about CAR-T biotech plays, thanks to the buyouts. I do not think that rally can continue, or will continue — because more often than not, rallies fueled by M&A speculation is very short lived.
Anyone take a look at Cali munis recently? Go look at PCK.
Here’s me getting my Ted Koppel on, posting some other shit crossing the wires this morning.
Wynn Resorts target raised to $228 from $200; reiterated Buy — Citigroup
Verizon misses by $0.02, beats on revs
Nu Skin target raised to $81 from $70; reiterated Buy — Citigroup
Procter & Gamble reaffirms FY18 organic sales +2-3%, raises EPS to +5-8% from +5-7%
DPW Holdings subsidiary, Super Crypto Mining, secures 1,000 S9 antminers
Wayfair downgraded to Hold from Buy at Stifel
Johnson & Johnson beats by $0.02, reports revs in-line; guides FY18 EPS above consensus, revs in-line
Lumentum upgraded to Equal-Weight from Underweight at Morgan Stanley
GoPro downgraded to Underweight from Equal-Weight at Morgan Stanley
Netflix target raised to $300 at Pivotal Research Group
CRISPR Therapeutics upgraded to Buy from Hold at SunTrust
yup, you’re not just shitting on the carpet there in your first paragraph. Those are dotcom moves which most from that era are familiar with
Btc hits 7k within days
TQQQ
My half spy half fang portfolio is crushing you traders over the past year. Long term taxes too!