Bitcoin is once again off the lows after the 63rd China ban, and the US NASCRACK futures also point to a higher open. Friday’s scan left a bunch of goodies for review, specifically $MRIN $SNAP $FLGC $DMYI $BCTX $POAI $SFIX $MP $COST.
For those interested in the full momentum delta scan from Stocklabs, I’ve imported Friday’s results HERE. See you guys at the open…
There are not too many stocks I feel comfortable owning here. The other day, I mentioned that $TWTR calls seem like a good opportunity, and indeed it has been– now pushing through resistance:
__
But, I’m not here to talk about the Blue Bird, I’ve already posted about it, as well as Captain Raul. I’m here to talk about another position that is busting out in size, a name I have in my swing trading account as well as my long term account, and that stock is $SOFI.
$SOFI got a huge upgrade from Jefferies today, announcing a $25 dollar target on the stock. The company is making some huge strides with it’s banking charter and has already made some successful acquisitions, one big one last year, Galileo. The company is making waves with digital currency and digital banking, and could end up being an acquisition target itself for those legacy banks slow to act. The stock is once again on my high breakout screen inside Stocklabs, and I have no intentions on selling here…
It’s been fun ignoring stocks in lieu of NFTs on days like today. This time last year I did the same thing, only with collectable basketball cards, this year it is digital non-fungible tokens. I’ve had a hard time committing any real capital to this market with prices elevated, and multiple companies sporting trillion dollar market caps. Maybe, just maybe, we get a meaningful dip in stocks, but then again when I hear news of leveraged loans, the sideline is a mighty fine place to be.
Nothing can snatch your soul more than trying to call the bottom, repeatedly.
The stock scans, specifically the high volume movers, were picking up inverse ETFs all day long. Buyers finally stepped in near the close to give bulls a little relief. However, I did not buy.
Case of the Mondays…. #scanz pic.twitter.com/nUMccLWkWm
— Cajun Trader ✪ (@RaginCajun) September 20, 2021
One must assume that any bounce in the morning will be sold. So with that in mind, instead of trying to get cute and play a bounce, I decided to try my luck at a new Solana NFT mint.
I know my stock audience does not want to hear about another NFT, but this is where we are. Last week, we went from a free Jesus Piece, to free Snakes, to damn SOUL SNATCHERS as we begin this new week. If this is not a market top or “END OF WORLD” sign, I don’t know what is….
Check out this beauty below, which sports a fine ’80 robocop rare helmet. My Solana Thugbirdz also got it popping today (I cant believe I just said that). Mom, we won again today in NFTs.
And, I am well positioned.
Lately, I have been buying December calls in TWTR every morning when the market dips. We have all been pretty bullish on Twitter here at iBankCoin pretty much since the iPO. Lately though, Raul, aka Vince, has had his spider senses tingling on the blue bird. He made it well known on twitter and his blog (a must read), that a TWTR long is financial advice. I like him sticking his neck out with call options, and like the fact that Twitter is morphing into an early stage metaverse.
There is not much that makes sense in the market, but a Twitter long into Christmas is a bet I’m willing to make. I like the idea of using call options, because you know the exact amount you can lose. Instead of YOLO’ing your account in the name, think about the total amount invested. Ask yourself, are you prepared to lose that amount? I’ve seen Twitter do some crazy things over it’s life span, so a breakdown is not out of question.
I’ve been trading well, and made a nice mint on NFTs. I can take some risk here with my partner in crime Raul. Long TWTR calls into Christmas.
And, if my twitter calls zero out, I still have a few Eggs ready to hatch Christmas morning. If you are wondering my top NFT idea, you are looking at it below:
Christmas is coming, and the Cajun has been a good boy all year long.
Comments »
There was little momentum to be found as we start the week. The indices were flat and crypto dumped early once Wal-Mart denied a partnership rumor with Litecoin (Sauces). Cyrpto, specifically Bitcoin, does not look bad on this pullback to low 40s, maybe, just maybe, the lows are in for September– maybe.
On the home front, Topical Storm Nicholas is upon us. Ol’ Nick plans to dump plenty of rain, ensuring floods in Houston and Louisiana. Most homes down south are without shingles due to Hurricane Ida making landfall just weeks prior, blue tarps color multiple parishes. We cannot handle more rain.
As for stocks, I tweeted that Monday was all smiles with $SDC littering the Delta scans. $OCGN was also a contender from our momentum scan, and $FSLR had a breakout day. Let’s see if futures can perk up here into Tuesday’s trade, we did have 100+ names hitting scan: CLICK HERE FOR CHARTS
Comments »
I missed the trading day on Friday as I was out surveying hurricane damage from Ida. My parents live in Metairie just west of New Orleans, and just east of ground zero for Hurricane Ida. They made out okay considering the damage done in neighboring towns: most lost roofs, shingles, and electricity for 11 days.
We had to rip out one ceiling in the the second story of my parents home, which was the worst of the damage. The wind was whipping so good that rain came in sideways through a top air vent in the home. Luckily, my parents just had a new roof installed, and it held up like a boss. The ceiling should be fixed this week and all should be good, just in time for the next hurricane. They are getting too old for this….
It’s been one distraction after the next from me, but I promise I am trying to get back to mother market. Looking at Friday’s momentum screen it was a mixed bag. I’ve imported the screen from Stocklabs to finviz for the public’s viewing pleasure: CLICK HERE FOR RESULTS.
From Friday’s scan, we had volatility products being bought up along with some usual suspects. I have my eye on: SOS, AFRM, TIGR, ABUS, PTON, & BMBL. If all else fails, I will look to $TZA or $VXX.
As for NFTs, I have not made any meaningful buys since labor day. I did mint a Jesus piece, but it was free due to some complications with the development team. The team did not want to slow the momentum down so they rolled out their first Genesis collection for free. My mint has laser eyes and a combover, and I dig the art. Some say it’s sacrilegious, I have no idea. I will say this though, I am a believer in Christ, but not the most religious man. I pray that my kids, one day, have a relationship with God and maybe they do. They are oh so very young, and life can be oh so very hard. Talking to them about God can be even harder. I pray God can keep them focused and find a way into their life, bigly.
A simple prayer can get the process rolling and their name reserved in the book of life forever. To my young girls, I will continue to tell you to pray, “Lord forgive me for my sins, I ask you to come into my life. I believe in you, I believe that you died for me, and washed my sins away. You rose again, I am cleansed from my sins, and I can’t wait to meet you in heaven.”
AMEN.
If you said that prayer I believed you have been saved.
To my two daughters: Heaven will be LIT!
