Brief and to the point

by JDH on September 22, 2018

I’ll be brief:

Tesla is hanging in there at the $300 level.  This stock is fraud on wheels, and will crash, so now would be a good time to hold your shorts.

Amazon is back down to a one month low.  It’s going higher.  Now would be a good time to go long.

The pot stocks had a crazy, mostly up, week.  This market is going higher, but don’t forget to take profits along the way.  I have sell orders in for 20% of my holdings at slightly higher than where they are trading today.  That will give me a very nice profit.

More next week.

Let’s Talk Pot (Stocks)

by JDH on September 15, 2018

On Thursday cannabis stocks dropped after reports said that people who invest in pot stocks may be barred from entry into the United States.  Pot is illegal at the federal level in the United States, but legal in some states, and if you smell of pot as you cross the border you are likely to be denied entry.  But investing in the stuff will get you banned?

They do know that these companies are legal in Canada, and are traded on the Toronto Stock Exchange?

Oh well, the stocks dropped on Thursday, but then bounced back Friday, and so it was a non-event.

My plan on the pot stocks is simple: I have sold 20% of my holdings at high prices to lock in some gains.  On down days I’ll redeploy that cash.

My guess is that we are in for another uptick leading into legalization on October 17, and then further strength in 2019 as more production comes on line, and demand becomes evident.

We are no longer in the first inning of this bull market, but it’s probably only the fourth or fifth inning, so I will let some of my profits run.

That’s the plan.

I have reduced my gold holdings, I am short Tesla (via puts) and I’m long Amazon (although I do covered writes every week to increase returns).

That’s the plan.  More next week.

Tesla, Elon Musk, and Weed

September 8, 2018

I listen to the occasional episode of the Joe Rogan podcast every two weeks, when he has an interesting guest.  This week he had a very interesting guest: Elon Musk.  If you have two hours, sit back and enjoy: If you don’t have two hours, here’s the gist of it: It is possible that Elon […]

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Tesla at $300, so all is good?

September 1, 2018

It was fun to watch the price of Tesla on Friday. It traded under $300 for most of the day, and then, before the close, managed to go up a dollar or two and close at $301.66. I’m not implying that the stock is manipulated, but if I was one of it’s “handlers” I would […]

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Dog Days of Summer – Limited Time Only

August 25, 2018

I have a sneaking suspicion that the Dog Days of Summer are done (a week early), and we are about to enter a very interesting period.  The game plan: First, cash is king.  There are lots of stocks that are down, particularly in the gold sector.  If they stay low for a few more months, […]

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Two Charts That Look the Same

August 18, 2018

As you know, I have paid close attention recently to two things: TSLA – Tesla Inc. and gold.  They both have similar looking charts. By way of review: I am of the view that, in the future, we will look back on Tesla with the same level of admiration we reserve for Enron.  I believe […]

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Tesla: You can lie about Funding Secured and suffer no consequences

August 11, 2018

Yes, I got killed on my Tesla short play.  I assumed that when they released horrifically bad results, the stock would tank.  I assumed that repeated customer complaints about crappy car quality would cause the stock to tank. Apparently not. All it took was a tweet from Elon Musk to “confirm” that financing was confirmed […]

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A Bad Week to be Short

August 4, 2018

Well, that did not play out as expected. Last week I was blathering on about how it was a good week to be short, because Facebook’s stock crashed, and Tesla’s was going down.  I don’t short Tesla, but I bought puts, which were a great speculation two weeks ago, but a horrible disaster this week. […]

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A Good Week to be Short

July 28, 2018

I’m not a short seller.  I’m an optimist, and being a short seller implies that you are a pessimist.  It’s bad karma.  I prefer to take an optimistic approach. Also, the most you can make shorting a stock, un-leveraged, is 100%.  If you short a stock at $100 and it goes to zero, you made […]

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Still Short on Tesla

July 21, 2018

Tesla has settled in the $313 range, ahead of the quarterly earnings report due at the beginning of August.  I assume the bulls will be able to find something positive in the earnings report, given that they built a tent and built a lot of cars in the last week of the quarter. But, there […]

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