To The Moon

The Treasury Operation That Ate the Software Company At $153.92 on 18 September 2026, $Strategy(MSTR)$ carries a market capitalisation of $59.14 billion against trailing revenue of just $498.35 million. That gap is not necessarily a problem; it is the point. Investors are valuing Strategy less as a software company and more as a capital-markets vehicle built around Bitcoin, with digital assets carried at $49.67 billion at 30 June. I find it fascinating in the way a Rube Goldberg machine is fascinating: ingenious, elegant and slightly alarming once you count how many things need to go right. The question is whether it keeps creating value for common shareholders once the cost of maintaining it is properly counted. The software company became a mach

With the Federal Reserve’s September rate hike now underway, there is no turning back once the arrow has left the bow. The tightening cycle is unlikely to end in the near term; it may not reverse until a major economic event emerges—such as a recession or a substantial equity-market decline. Accordingly, trading during this period should become more cautious. Should the pace of tightening accelerate, market volatility is likely to increase as well. Over the weekend, I held an in-person discussion with Tiger users in Hong Kong. Based on my U.S. dollar cycle model, this round of Fed tightening is a landmark event signaling that the dollar cycle has entered a new phase. Given widening interest-rate differentials, we may subsequently face an environment of accelerated U.S. dollar appreciation.

[你懂的]   Kodiak Sciences ($KOD) Most of the market’s attention is still focused on AI, semiconductors, memory and data centers. So today, I want to look at something completely different. Not an AI stock. Not a profitable growth company. Not even a company with meaningful commercial revenue yet. I’m talking about Kodiak Sciences ($KOD), a clinical-stage biotech focused on retinal diseases. What makes KOD interesting is not its current earnings. It is the possibility of a major valuation reset if its key clinical programs succeed. What does Kodiak actually do? Kodiak is developing therapies for serious retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic eye diseases. Its leading drug candidate is tarcocimab tedromer (Zenkuda). The key idea b

I would watch CRWD. Oil majors and refiners have strong near-term fundamentals from US$100+ Brent and high crack spreads, but much depends on how long those conditions persist. CRWD has a more structural opportunity. As AI agents multiply, companies need to secure more identities, endpoints and automated actions. If that translates into sustained ARR growth, the theme could extend well beyond the current AI enthusiasm. The main risk is valuation. A strong secular story does not automatically make the stock cheap. For energy, I would watch whether oil prices and refining margins stay elevated. For CRWD, I would watch whether agentic-AI security produces meaningful incremental revenue. New highs matter less than whether earnings can keep catching up with prices.

$Bumitama Agri(P8Z.SI)$ 3.5 Target Price. Bumitama Agri's stock outlook looks promising, with analysts predicting a positive trend. The company's share price is expected to rise over the next 12 months, with an average price target of SGD$3 representing a 19% upside from the current price. *Key Highlights:* - *Revenue Growth*: Bumitama Agri is expected to achieve double-digit revenue growth, driven by healthy orders from biodiesel customers. - *Dividend Yield*: The company offers a dividend yield of 2.9%, with a history of increasing dividend payments. - *Analyst Ratings*: Bumitama Agri has a Strong Buy consensus rating, with analysts from Maybank Research, DBS Research, and UOB Kay Hian maintaining a Buy rating. *Price Targets:* - *Highest Targ

I would watch CRWD. Oil majors and refiners have strong near-term fundamentals from US$100+ Brent and high crack spreads, but much depends on how long those conditions persist. CRWD has a more structural opportunity. As AI agents multiply, companies need to secure more identities, endpoints and automated actions. If that translates into sustained ARR growth, the theme could extend well beyond the current AI enthusiasm. The main risk is valuation. A strong secular story does not automatically make the stock cheap. For energy, I would watch whether oil prices and refining margins stay elevated. For CRWD, I would watch whether agentic-AI security produces meaningful incremental revenue. New highs matter less than whether earnings can keep catching up with prices.

BRK.B - Post Warren era. Warren Buffett’s final transition at $Berkshire Hathaway(BRK.B)$ is now complete. On 18 Sep 2026, Berkshire announced that Mr Warren Buffett, aged 96, would step down as chairman of the board with immediate effect and become Chairman Emeritus and retains his director seat. His son, Howard G. Buffett, will succeed him as chairman with Greg Abel as CEO, since assuming the role at the beginning of 2026. Final Handover In his shareholder letter, Buffett acknowledged the inevitability of time, writing that “Father Time always wins,” while also saying that time had been generous enough to let him see Berkshire reach a point where he was more confident than ever about its future. I mean, he has to say something politically posi

$IX Biopharma(42C.SI)$ 0.8 Target Price. --Ix Biopharama Medical Breakthrough-- iX Biopharma achieved a major medical and commercial breakthrough with Wafermine, its patented sublingual (under-the-tongue) ketamine wafer for non-opioid acute pain management. --The Core Technology-- WaferiXFast Absorption: Wafers dissolve sublingually in minutes, letting active ingredients enter the bloodstream directly and bypass the gut. High Bioavailability: Provides a needle-free, predictable alternative to intravenous infusions or standard oral pills. Drug Repurposing: Applies the delivery system to central nervous system agents and other urgent indications. --Key Pipeline & Commercial Milestones-- Backed by a US$40.95 million contract from the US Departm

During the week of September 14–18, 2026, Wall Street witnessed a stark structural divergence. While the $NASDAQ(.IXIC)$ Nasdaq Composite rallied +2.6%, bolstered by mega-cap technology and resilient semiconductor demand, the Dow Jones Industrial Average plummeted by 733 points. 1. Deconstructing the September 14–18 Market Split The trading week of September 14–18, 2026, serves as a textbook example of systemic dispersion within equity benchmarks. The market's headline indexes told two completely different stories. On one end, software powerhouses, cloud architecture providers, and hardware enablers shielded the technology sector, lifting the Nasdaq Composite by 2.6%. On the other end, traditional industrial, financial, and consumer blue-chips dr

🌟🌟🌟For decades, investing in $SS SPDR STI ETF(ES3.SI)$  meant you were essentially letting 3 massive banking giants - DBS, OCBC and UOB - drive nearly 60% of your portfolio's performance.  $A CGS FG Next50 SGD(Q50.SI)$ Q50 which officially listed on the SGX on 3 September 2026, functions as the first of its kind, actively managed quantitative ETF designed to unearth hidden champions sitting right below Singapore's Top Tier Blue Chips. Why Q50 Is Worth Your Capital  Q50 is the incubator of Singapore's Future Giants.  Think of investing in the standard STI as buying a mature, beautiful orchard where the fruit is already fully grown.  It

🚨 Why should a beginner investor care about a missile attack? When I see news about a missile attack in Saudi Arabia, my first thought might be: “What does this have to do with my stocks?” The answer is oil. Saudi Arabia is one of the world’s most important oil-producing countries. So whenever investors worry that Saudi oil production, pipelines or transportation routes could be disrupted, the price of oil can rise. And oil is not just something I put into my car. Oil is connected to almost everything in the economy. 🚚 Trucks need fuel. ✈️ Airlines need jet fuel. 🚢 Ships need fuel. 🏭 Factories use energy. 🚜 Farmers use fuel. 📦 Companies pay to transport products. Therefore, a geopolitical event in the Middle East can eventually affect the price of products I buy and the profits of companie

Where Does The Market Go If Monday Breaks The Range? $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$ $Palantir Technologies Inc.(PLTR)$

Today, $SpaceX(SPCX)$  gets an interesting catalyst: its weighting in the Nasdaq-100 rises from about 1.28% to 2.82%, effective September 21.  Why does that matter? SpaceX already joined the Nasdaq-100 in July. The latest increase is largely about more shares becoming publicly tradable, which allows the index to give the company a weighting much closer to its enormous market value.  And the potential flow is significant. Analyst estimates put the additional passive buying associated with the rebalance at roughly $15.5B–$22B. That’s an estimate, not guaranteed buying, but it shows how large this index adjustment could be.  But here’s the part I find more interesting: 🚀 SpaceX 🛰️ Starlink 🌐 Global connectivity 🤖 AI infrastructure 📡 Sate

Everyone is watching the AI chip race. I’m watching the power race. ⚡ My stock to watch today: $GE Vernova Inc.(GEV)$   AI data centres are creating a huge electricity-demand problem, and the next bottleneck may not be GPUs — it could be generation and grid infrastructure. What caught my attention: ⚡ Data-centre power demand keeps rising 🏭 GEV is exposed to gas power, grid equipment and electrification 📈 Energy infrastructure is becoming an increasingly important part of the AI story The big question for me: Can the companies supplying the electricity become the next layer of the AI trade? I’m watching GEV closely today for momentum, volume and whether buyers keep stepping in. Not chasing the hype — watching where the money could flow nex

This is particularly interesting because CLSK is no longer just a Bitcoin-mining story. It is increasingly becoming a power + data-center + AI/HPC infrastructure story, while still retaining substantial Bitcoin exposure. $CleanSpark, Inc.(CLSK)$   🟢 Fundamental catalyst The biggest recent development is the Sandersville project. CleanSpark has signed a 20-year triple-net lease worth approximately $6.6 billion for its Sandersville, Georgia facility. The project is planned for 175 MW of critical IT load, with approximately $330 million of average annual NOI and a 3% annual rent escalator. Initial rent commencement is targeted for Q4 2027. That potentially changes the way investors value CLSK: Old narrative Bitcoin

$Palantir Technologies Inc.(PLTR)$  has become one of those stocks where the story almost sells itself. AI. Government contracts. Commercial growth. Data infrastructure. But when a stock gets this much attention, I think the more interesting question becomes: How much of the future is already priced in? That doesn’t mean the business can’t keep growing. It means expectations are now extremely important. 📈 Strong growth = potentially higher valuation 📉 Miss expectations = potentially brutal reaction 🔥 More AI adoption = bigger opportunity ⚠️ Higher expectations = less room for disappointment That’s the part I’m watching. Great company ≠ automatically great stock at every price. Would you buy $Palanti

Broadcom stands out as a compelling AI infrastructure play, supported by growing demand for custom AI accelerators, networking and data-center connectivity. Its relationships with major technology companies provide potential for recurring, high-value opportunities. For investors seeking long-term exposure to AI infrastructure, AVGO merits consideration, alongside valuation and execution risks carefully. Price for consideration  :330-350 but enter small position 

Friday was a good day to own miners. Bitcoin pushed back above $80,000 in the afternoon, which is not what most people expected this week. The CLARITY Act — the market-structure bill a lot of the industry was counting on — failed in the Senate. There was a Fed decision on top of it. Between them that should have been enough to keep a lid on things. Instead crypto shrugged and went up. MARA closed Thursday at $11.64. On Friday it opened at $12.12, ran as high as $13.32, and finished at $13.24. Up 13.7% in one session. If you hold it, you already know. Nice change. Here's the part that isn't purely good news. What a 14% day does to a covered call writer I own 40,546 MARA shares and I sell calls against them. That's the deal — I collect premium up front in exchange for agreeing to hand the sh

$Tesla Motors(TSLA)$ closed Friday at $364.27 after pushing up to an intraday high of $374.12 earlier in the week. The stock has posted solid gains over the last month, but price action has compressed into a narrow squeeze. When high-momentum stocks like Tesla tighten up after a multi-week run, the next move usually expands quickly once a key level breaks. Bullish Breakout: A daily close above $374 clears the upper resistance channel and opens up a run toward $385, with $400 as the next major target zone. Bearish Breakdown: A drop below $350 invalidates the current setup and opens up a move down to the $338–$340 support block to fill liquidity below. Volume Clues: Trading volume pulled back toward the end of the week. Sellers aren't dumping shares

🌟🌟🌟The specialised AI cloud computing market pulled off a classic Jekyll and Hyde act on Thursday, exposing a fascinating fault line in how Wall Street values the infrastructure powering the AI boom. While the European upstart $NEBIUS(NBIS)$ saw its stock climb 4.12% on the back of premium pricing confidence, high flying heavyweight $CoreWeave, Inc.(CRWV)$ saw its latest financial maneuvering slip by 4.16% as the market gave a lukewarm reception to its aggressive capital raising efforts. To understand what is actually happening under the hood of this business, think of these AI cloud providers not as sterile data centers filled with blinking lights but as high end landlords during a massive gl

The Treasury Operation That Ate the Software Company At $153.92 on 18 September 2026, $Strategy(MSTR)$ carries a market capitalisation of $59.14 billion against trailing revenue of just $498.35 million. That gap is not necessarily a problem; it is the point. Investors are valuing Strategy less as a software company and more as a capital-markets vehicle built around Bitcoin, with digital assets carried at $49.67 billion at 30 June. I find it fascinating in the way a Rube Goldberg machine is fascinating: ingenious, elegant and slightly alarming once you count how many things need to go right. The question is whether it keeps creating value for common shareholders once the cost of maintaining it is properly counted. The software company became a mach

With the Federal Reserve’s September rate hike now underway, there is no turning back once the arrow has left the bow. The tightening cycle is unlikely to end in the near term; it may not reverse until a major economic event emerges—such as a recession or a substantial equity-market decline. Accordingly, trading during this period should become more cautious. Should the pace of tightening accelerate, market volatility is likely to increase as well. Over the weekend, I held an in-person discussion with Tiger users in Hong Kong. Based on my U.S. dollar cycle model, this round of Fed tightening is a landmark event signaling that the dollar cycle has entered a new phase. Given widening interest-rate differentials, we may subsequently face an environment of accelerated U.S. dollar appreciation.

BRK.B - Post Warren era. Warren Buffett’s final transition at $Berkshire Hathaway(BRK.B)$ is now complete. On 18 Sep 2026, Berkshire announced that Mr Warren Buffett, aged 96, would step down as chairman of the board with immediate effect and become Chairman Emeritus and retains his director seat. His son, Howard G. Buffett, will succeed him as chairman with Greg Abel as CEO, since assuming the role at the beginning of 2026. Final Handover In his shareholder letter, Buffett acknowledged the inevitability of time, writing that “Father Time always wins,” while also saying that time had been generous enough to let him see Berkshire reach a point where he was more confident than ever about its future. I mean, he has to say something politically posi

[你懂的]   Kodiak Sciences ($KOD) Most of the market’s attention is still focused on AI, semiconductors, memory and data centers. So today, I want to look at something completely different. Not an AI stock. Not a profitable growth company. Not even a company with meaningful commercial revenue yet. I’m talking about Kodiak Sciences ($KOD), a clinical-stage biotech focused on retinal diseases. What makes KOD interesting is not its current earnings. It is the possibility of a major valuation reset if its key clinical programs succeed. What does Kodiak actually do? Kodiak is developing therapies for serious retinal diseases, including wet age-related macular degeneration (wet AMD) and diabetic eye diseases. Its leading drug candidate is tarcocimab tedromer (Zenkuda). The key idea b

During the week of September 14–18, 2026, Wall Street witnessed a stark structural divergence. While the $NASDAQ(.IXIC)$ Nasdaq Composite rallied +2.6%, bolstered by mega-cap technology and resilient semiconductor demand, the Dow Jones Industrial Average plummeted by 733 points. 1. Deconstructing the September 14–18 Market Split The trading week of September 14–18, 2026, serves as a textbook example of systemic dispersion within equity benchmarks. The market's headline indexes told two completely different stories. On one end, software powerhouses, cloud architecture providers, and hardware enablers shielded the technology sector, lifting the Nasdaq Composite by 2.6%. On the other end, traditional industrial, financial, and consumer blue-chips dr

🌟🌟🌟For decades, investing in $SS SPDR STI ETF(ES3.SI)$  meant you were essentially letting 3 massive banking giants - DBS, OCBC and UOB - drive nearly 60% of your portfolio's performance.  $A CGS FG Next50 SGD(Q50.SI)$ Q50 which officially listed on the SGX on 3 September 2026, functions as the first of its kind, actively managed quantitative ETF designed to unearth hidden champions sitting right below Singapore's Top Tier Blue Chips. Why Q50 Is Worth Your Capital  Q50 is the incubator of Singapore's Future Giants.  Think of investing in the standard STI as buying a mature, beautiful orchard where the fruit is already fully grown.  It

🚨 Why should a beginner investor care about a missile attack? When I see news about a missile attack in Saudi Arabia, my first thought might be: “What does this have to do with my stocks?” The answer is oil. Saudi Arabia is one of the world’s most important oil-producing countries. So whenever investors worry that Saudi oil production, pipelines or transportation routes could be disrupted, the price of oil can rise. And oil is not just something I put into my car. Oil is connected to almost everything in the economy. 🚚 Trucks need fuel. ✈️ Airlines need jet fuel. 🚢 Ships need fuel. 🏭 Factories use energy. 🚜 Farmers use fuel. 📦 Companies pay to transport products. Therefore, a geopolitical event in the Middle East can eventually affect the price of products I buy and the profits of companie

$Bumitama Agri(P8Z.SI)$ 3.5 Target Price. Bumitama Agri's stock outlook looks promising, with analysts predicting a positive trend. The company's share price is expected to rise over the next 12 months, with an average price target of SGD$3 representing a 19% upside from the current price. *Key Highlights:* - *Revenue Growth*: Bumitama Agri is expected to achieve double-digit revenue growth, driven by healthy orders from biodiesel customers. - *Dividend Yield*: The company offers a dividend yield of 2.9%, with a history of increasing dividend payments. - *Analyst Ratings*: Bumitama Agri has a Strong Buy consensus rating, with analysts from Maybank Research, DBS Research, and UOB Kay Hian maintaining a Buy rating. *Price Targets:* - *Highest Targ

This is particularly interesting because CLSK is no longer just a Bitcoin-mining story. It is increasingly becoming a power + data-center + AI/HPC infrastructure story, while still retaining substantial Bitcoin exposure. $CleanSpark, Inc.(CLSK)$   🟢 Fundamental catalyst The biggest recent development is the Sandersville project. CleanSpark has signed a 20-year triple-net lease worth approximately $6.6 billion for its Sandersville, Georgia facility. The project is planned for 175 MW of critical IT load, with approximately $330 million of average annual NOI and a 3% annual rent escalator. Initial rent commencement is targeted for Q4 2027. That potentially changes the way investors value CLSK: Old narrative Bitcoin

$IX Biopharma(42C.SI)$ 0.8 Target Price. --Ix Biopharama Medical Breakthrough-- iX Biopharma achieved a major medical and commercial breakthrough with Wafermine, its patented sublingual (under-the-tongue) ketamine wafer for non-opioid acute pain management. --The Core Technology-- WaferiXFast Absorption: Wafers dissolve sublingually in minutes, letting active ingredients enter the bloodstream directly and bypass the gut. High Bioavailability: Provides a needle-free, predictable alternative to intravenous infusions or standard oral pills. Drug Repurposing: Applies the delivery system to central nervous system agents and other urgent indications. --Key Pipeline & Commercial Milestones-- Backed by a US$40.95 million contract from the US Departm

I would watch CRWD. Oil majors and refiners have strong near-term fundamentals from US$100+ Brent and high crack spreads, but much depends on how long those conditions persist. CRWD has a more structural opportunity. As AI agents multiply, companies need to secure more identities, endpoints and automated actions. If that translates into sustained ARR growth, the theme could extend well beyond the current AI enthusiasm. The main risk is valuation. A strong secular story does not automatically make the stock cheap. For energy, I would watch whether oil prices and refining margins stay elevated. For CRWD, I would watch whether agentic-AI security produces meaningful incremental revenue. New highs matter less than whether earnings can keep catching up with prices.

I would watch CRWD. Oil majors and refiners have strong near-term fundamentals from US$100+ Brent and high crack spreads, but much depends on how long those conditions persist. CRWD has a more structural opportunity. As AI agents multiply, companies need to secure more identities, endpoints and automated actions. If that translates into sustained ARR growth, the theme could extend well beyond the current AI enthusiasm. The main risk is valuation. A strong secular story does not automatically make the stock cheap. For energy, I would watch whether oil prices and refining margins stay elevated. For CRWD, I would watch whether agentic-AI security produces meaningful incremental revenue. New highs matter less than whether earnings can keep catching up with prices.

Today, $SpaceX(SPCX)$  gets an interesting catalyst: its weighting in the Nasdaq-100 rises from about 1.28% to 2.82%, effective September 21.  Why does that matter? SpaceX already joined the Nasdaq-100 in July. The latest increase is largely about more shares becoming publicly tradable, which allows the index to give the company a weighting much closer to its enormous market value.  And the potential flow is significant. Analyst estimates put the additional passive buying associated with the rebalance at roughly $15.5B–$22B. That’s an estimate, not guaranteed buying, but it shows how large this index adjustment could be.  But here’s the part I find more interesting: 🚀 SpaceX 🛰️ Starlink 🌐 Global connectivity 🤖 AI infrastructure 📡 Sate

Friday was a good day to own miners. Bitcoin pushed back above $80,000 in the afternoon, which is not what most people expected this week. The CLARITY Act — the market-structure bill a lot of the industry was counting on — failed in the Senate. There was a Fed decision on top of it. Between them that should have been enough to keep a lid on things. Instead crypto shrugged and went up. MARA closed Thursday at $11.64. On Friday it opened at $12.12, ran as high as $13.32, and finished at $13.24. Up 13.7% in one session. If you hold it, you already know. Nice change. Here's the part that isn't purely good news. What a 14% day does to a covered call writer I own 40,546 MARA shares and I sell calls against them. That's the deal — I collect premium up front in exchange for agreeing to hand the sh

Everyone is watching the AI chip race. I’m watching the power race. ⚡ My stock to watch today: $GE Vernova Inc.(GEV)$   AI data centres are creating a huge electricity-demand problem, and the next bottleneck may not be GPUs — it could be generation and grid infrastructure. What caught my attention: ⚡ Data-centre power demand keeps rising 🏭 GEV is exposed to gas power, grid equipment and electrification 📈 Energy infrastructure is becoming an increasingly important part of the AI story The big question for me: Can the companies supplying the electricity become the next layer of the AI trade? I’m watching GEV closely today for momentum, volume and whether buyers keep stepping in. Not chasing the hype — watching where the money could flow nex

🌟🌟🌟The specialised AI cloud computing market pulled off a classic Jekyll and Hyde act on Thursday, exposing a fascinating fault line in how Wall Street values the infrastructure powering the AI boom. While the European upstart $NEBIUS(NBIS)$ saw its stock climb 4.12% on the back of premium pricing confidence, high flying heavyweight $CoreWeave, Inc.(CRWV)$ saw its latest financial maneuvering slip by 4.16% as the market gave a lukewarm reception to its aggressive capital raising efforts. To understand what is actually happening under the hood of this business, think of these AI cloud providers not as sterile data centers filled with blinking lights but as high end landlords during a massive gl

High Rates, Hot Oil, Overpriced Tech: The No-Nonsense Case for VT Every decade, the market hands out a specific form of intellectual trap. Right now, that trap is the delusion that you can out-guess a regime shift where sticky inflation, elevated energy prices, sticky interest rates, and multi-decade highs in tech concentration are hitting all at once. If you’ve lived through more than a couple of market cycles, you know the feeling. The consensus gets lazy, hyper-focused on whatever drove the last ten years of returns, while the macro backdrop quietly morphs into something entirely different. Here is the straightforward, pragmatic case for VT and Chill (Vanguard Total World Stock ETF) — not as a compromise or a "safe" default, but as the mathematically superior allocation strategy for the

🌟🌟🌟The global AI Gold Rush is experiencing a sudden unglamorous reality check.  Tech giants have spent the last 2 years hoarding ultra advanced microchips like digital dragons, only to realise they forgot a rather crucial detail: you actually have to plug them into the wall. Enter the great electrical bottleneck.  While NVIDIA sells the shovels for this AI Gold Rush, $Forgent Power Solutions, Inc.(FPS)$ has emerged as the dark horse electrician charging a premium just to hook those shovels up to the grid. While traditional multi billion dollar titans like $GE Vernova Inc.(GEV)$  and $Eaton Corp PLC(ETN)$ are

Where Does The Market Go If Monday Breaks The Range? $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$ $Palantir Technologies Inc.(PLTR)$

Disclaimer: The views expressed below are personal opinions only and do not constitute investment advice. They are provided for informational purposes only. Last night, I shared my views in Tiger’s futures livestream following the Federal Reserve’s overnight rate hike. With the decision now behind us, markets have entered a critical phase of testing whether the negative catalyst has been fully priced in. The discussion covered the real drivers behind the rate decision, the outlook for future policy, long-dated U.S. Treasury yields as the key market gauge, and trading views on crypto assets, gold, U.S. equities, crude oil, and foreign exchange. For those who missed the session, the replay is available>>