A multitude of tech stocks got ransacked this week. As a matter of fact, the past two weeks has marked a BEAR MARKET for many high growth plays. While swashbuckling in the market today, I noticed two trends.
Market is pricing in a Biden win.
Market is pricing in more social distancing.
Earlier in the week COVID-19 stocks stormed ahead. I got long as soon as they took off and profited. Now with the COVID-19 data in Europe getting dicey AF again, you should expect MOAR lockdowns. As a result, expect stocks that benefit from an extended lockdown to continue. Without giving you my picks for free (sign up for Exodus you cheap bastard), I can tell you ZM and OSTK are two of the stocks I bought.
See pal, life is a game of fucking. You’re either doing the fucking or getting fucked.
Today’s trade. This is hard for you to extract value if you do not understand the context, so I will tell you.
BE +9.5% (Biden Play)
WPRT +9.3% (Biden Play)
SOL +4.1% (Biden Play)
FCEL +3.2% (Biden Play)
FLUX +12% (Biden Play)
BLNK +7.9% (Biden Play)
After I took profits on those, I bought SQQQ and saw markets sink. I was up 4.5% at the market lows — but then the market began to streak, so I closed it out because it’s better to make 2.1% than book a loss. I then bore witness to the social distancing stocks take off. I track them via a basket, so I bought a fistful of them and took my gains from 1.2% to 2% for the session.
Heading into next week, there is a distinct risk of market dislocation. I am not naive to the fact that ZM and OSTK could get lit the fuck up. However, I am comfortable enough to give it a shot. If you’re not willing to risk a little, you’re not willing to win.If you enjoy the content at iBankCoin, please follow us on Twitter