$Coinbase Global, Inc.(COIN)$ I have been trading in $Coinbase Global, Inc.(COIN)$ for a while, generally on the bearish side, as the SEC overhang casts a looming cloud of uncertainty over the company. I traded in it when it was stuck within the $70-80 range and made a decent amount trading that choppy range, creating strangles through sold puts and calls at the extremes of the range. I also traded via short positions from the top of the range, given my bias towards the downside for COIN. I was lucky that I ceased trading bearishly on COINand pivoted to other stocks, as I saw BTC increasing past the 30K range. Looking at COIN now, nearing the mid
$Tesla Motors(TSLA)$ Despite the high sales number, I am leaning bearish in the midterm beyond the speculative sentiment shifts in the short term. While the sales numbers are positive, the fact that there were significant rounds of price cuts will point to a decline in margins which undercuts profits. Furthermore, part of the future growth story of Tesla is dependent on its charging network which I doubt will see major inroads in China. FSD may also experience issues of technology diffusion within China. I expect it to hover within the 240-265 range this week, on the buoyant sentiments, ending the week around 250. But as we all know, this is TSLA, and we have Elon Musk factors at play too.
$Tesla Motors(TSLA)$ The Morgan Stanley analyst upgrade for TSLA with a price target of 400 appears to be a little over optimistic given no real fundamental shifts in the business of late. Some catalysts could include the possibility of a Cybertruck announcement in due time, but I feel that this may have been priced in, and with the discounts that have been given lately, I doubt that TSLA can return to it's previous sales margins. I may sound like a Perma bear but I lean towards TSLA heading down as the speculation arising from the $400 price target, may lead to an exit out of the positions at the end of a week where CPI has ended up a little hot, 0.1% hotter to be accurate.
$Coinbase Global, Inc.(COIN)$ Coinbase Singapore now requires more personal information to process transactions. This could be a response to the recent money laundering situation arising in Singapore. While the measures are welcomed from a security and anti-crime standpoint, it would seem to affect users legitimately moving crypto around efficiently and also impact the intended de-fi nature of crypto if all transactions are now being monitored closely by the authorities effectively forcing a 'centralised ledger' to be maintained at least within/involving Singapore originated movements. https://cryptoslate.com/coinbase-singapore-now-requires-counterpartys-personal-information-to-process-transactions/
Hey Everyone, Would you like to do a short intro? Most of us have been in this for a month+ and it looks like we will have a good run at this. It will be nice to know each other a bit more. I'll start. I am a 40 year old Singaporean guy, working in the civil service. Primarily a family guy, started investing only last year actually as I was working on building a solid base first - on hindsight, i should have started sooner as i missed on the huge gains from the 2000s. I started last year as I had fulfilled my property portfolio intentions and was looking to grow my wealth through an extra channel. My intention was initially to mitigate inflation risks, but somehow I came to a point where investment returns are besting my earned income. I enjoy the excitement of decipherin
$C3.ai, Inc.(AI)$ Earnings are slated for today, with analysts expecting a consensus EPS of -$0.17 and revenue of $71.6mil. The whisper number appears to be -$0.12 which would be a decent beat on expectations. This may lead to small uptick for AI but concerns remain on whether C3.ai is a mere bit player in the AI space riding on a meme-ish stock symbol. As a company that has chameleon-like properties of changing it's focus area from energy to IoT to AI. It seems to lack a core business focus and is more intent on drawing attention and pulling in the crowd as the crowd shifts from one fad to another. While punters may be keen on riding the expected earning beat, it may be prudent to stay away as knowledge on
CPE results today - Results may push markets down again. Thoughts?
CPE results for the quarter expected at 830am today, some forecasts predicts increase an increase due to high oil prices during the quarter. The bear market push starting late will lead to a lag in the indicator, and possibly pushing the Spy and QQQ further down today. Coupled with it being the end of the quarter, the market may wish for a rally but a downward move and culmination of the markets may be the better outcome as it will influence the FED into registering the beating the markets have taken, and shift the pivot timeline forward. Thoughts? https://seekingalpha.com/article/4543459-reaping-the-whirlwind-a-september-2022-inflation-update
How will the GDP announcement affect the markets today? With the announcement scheduled for 830am, the expected outcome appears negative, and may influence the market movements today. After the great results from the market yesterday, I wonder how much it will influence the mood today.What do you think? Bull or bear? Would love to hear your thoughts.