Friday's Five-Bagger As SPAC Bubble Bursts
Greed or fear as akin to Iron hands or Paper Hands.
First, a small announcement. After over five years, I am ranked in the top 10.
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For now.
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The five-baggers for picks like Orbcomm (ORBC) are in play. Normalcy restored.
via ycharts
SPAC, electric vehicle, and clean energy bubbles are losing air, and why shouldn't it? The Tesla (TSLA) buy ahead of the S&P 500 addition is an easy gain. The halo it cast around China-based stocks is fading. Iron hands will bleed money if you are still in the EV trade.
DIY members who sold NIO (NIO) at over $50 may sit back and relax. XPeng (XPEV) and Li Auto (LI) are also fading. Paper hands after selling and before these shares peaked is a distant memory.
We are here to make money.
This isn't a sell call on Nio. As the price drops, an entry point awaits for those who missed my 'buy' calls in the high teens to $20.00.
Luminar (LAZR) may have a contract with Intel's Mobileye. Markets do not care about that anymore.
via ycharts
Citron, despite its self-serving calls, and JP Morgan, are issuing sell calls left and right. Robinhood may have decentralized the buying power model but the house ALWAYS wins.
Exercise caution and close your trades at a profit, if needed.
DIY Value investing is an auto parts site. That should double subscriptions.
Disney (DIS) is bleeding money with closed theme parks. Markets sent the stock up 13% after a slew of content on Disney+, the one buck raise, and the subscription signup forecast yesterday.
DIS is a past Dividend Income Champ. Then we took it off because it paid no dividends. Disney is showing us.
The Three A's to hold are AbbVie, AT&T, and Altria. (T) will retest the $30 range. We don't care. The Dividend Income picks are passive holdings.
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