The QQQ has reached new heights today, but is due for a correction towards the 50 MA.
The next monthly correction may occur mid June with the NASDAQ grazing 13,100 points before reversing back up.
Inverse relationship between Crypto and AMC/BB/GME 'Ape' stocks.
Agrify has sustained amazing revenue growth in first quarter 2021, it increased 600% to record $7 million from January 1st, 2021 to March 31st, 2021. The revenue exceeded analysts expectations. The earnings are still at a net loss, but that is not uncommon for newly public tech sector companies. The IPO price on January 28th was $13.50, it then shot up to $21.43...
A typical insider Pump and Dump. COIN started at $381, idiot retail investors took the bait and 20 minutes of hype and buying frenzy shot share prices up to $429.54, unsurprisingly, the stock shot down a hundred bucks to $328.28 ( todays closing price). Conservatively, I expect the stock to descend to $250.00/ share, the NASDAQ recommended price.
Agrify was a recent IPO on 1/28/2021 offered at $13.50/share, it shot up to $21.43 on 2/08/2021 at the height of the tech hype when the Nasdaq was at its record of 14,000 points. Fundamentals: have improved since 2019, revenue is up about 190%. Gross profit was $570,000 for year ended 12/31/2020 vs net loss of ($245,000) for year ending 12/31/2019. Their R&D...
Tom Siebel wasn't lying to CNBC on March 2nd, 2021 when he said "it's a volatile market, and share prices will take care of themselves". Afterword's he sold several million shares. At the height of the delusional tech market fetish for growth stocks, C3.AI went from $43 IPO to $100 on the first day. Astonishingly, bulls went crazy and sent the share prices to...
Good times await after a massive price plunge related to liquidation of Archegos positions. Buy at $46 and sell at $92.00! Make sure to put a stop loss order in to be on the safe side.
Early 1st quarter 2021 was a delusional bull market for Tech, reminiscent of 1999. Many corporate owners took advantage of the Hype, namely Tom Siebel. There were a lot of IPO's and direct listings at the end of 2020. Since yields are going up, and the Fed is gradually abandoning its easy money policies, the tech sector is being shorted back to reality. C3.AI had...
Early 1st quarter 2021 was a delusional bull market for Tech, reminiscent of 1999. Many corporate owners took advantage of the Hype. There were a lot of IPO's and direct listings at the end of 2020. Since yields are going up, and the Fed is gradually abandoning its easy money policies, the tech sector is being shorted back to reality. Bumble had an IPO of...
After a 45 day Selloff and insider trading, C3.AI is oversold. The TNX rise is diminishing, thus granting relief to equities and easing investor anxiety surrounding treasury yields. The federal reserve is dovish on its monetary policy, and has postponed any interest rate increases to 2023. The rotation from cyclicals into tech will be a catalyst for C3.AI's share...
France and other countries in Europe (nutless wonders) are beginning to lock down due to new Covid strains that are resistant to current vaccines. Oil is taking a slide. There may be an expeditious rotation back into tech soon. Once the Hedge funds decide to rotate out of Industrials and 'Value stocks' into Tech, there will be an enormous bull run for a few weeks....
After this weeks massive Tech sell off, the NASDAQ has hit rock bottom for the month. Now is a perfect time to rotate back into TECH. There's no better time than now to lock in buy C3 AI for the Bargain price of $112.00/ share. I expect a rapid price increase to $145 on Monday 3/01/2021, should the quarterly report exceed analyst expectations and the Nasdaq...
Once the NASDAQ has a reversal around 13,100 points PLTR should be ripe for Buying at $25-$27.50, then a bullish candlestick pattern should commence. Once I buy, I plan on Selling my shares of PLTR at $39.00/ share. Sector rotations and corrections are inevitable, best to take advantage of the extrapolated lows that graze the bottom trend line. The treasury bond...
I project that Palantir will spike to $39.60 on Tuesday, February 16th, 2021.
I project a peak price of $26 by the end of January, then an overall downward trend starting in February as political stability in Washington develops. With the courts being packed with republicans, I doubt serious regulations or massive tax increases on the Gun manufacturers will occur.