Government conspires to try to cool off bitcoin , but it may be bigger than "Governments". (Not Trading CLSK away)

 

Market Talk

Tech  stocks are being whipsawed down.  Especially crypto related stocks that have had a nice run.  It's a correction. But big name stocks like Apple , Tesla and Amazon are sinking also. In times of a correction, it can be hard to know if it's the start of a larger move down, but whipsaws can hurt. The old adage, buy the dips, is easy to say but when faced with whipsaws down for illogical or irrational reasons, it's hard to pull the trigger and not want to just sell and forget.

It's uncertainty and doubt and perhaps that is a self preservation notion as well to step back. I will share my "step back look" at the moment. And I stress at the moment because things change.

Stock Talk

CLSK was a buy in my view when bitcoin was $30 K and the microgrid energy side of CLSK is gaining traction in new business such as Walmart installs and new product lines in scalable microgrids from small residential to large industrial applications.  So with bitcoin well above $30 K, it seems like it's all gravy in the growth and value department.  The whipsaw down is hard to watch but, for now, I'm holding and watching CLSK.

 I won't blame anybody for preserving cash.  As to the rest of the market?  It may be toppy and the tech correction may be the canary in the coal mine.

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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The FDA is too slow for these times and they should unleash Sorrento (SRNE).

 

Stock Talk

On Friday, after hours, a Benzinga report that UPS pilots are using Sorrento's (SRNE) rapid Coviid test kit to send results ahead to Hong Kong authorities that the crew is clear of Covid.

https://finance.yahoo.com/news/exclusive-ups-pilots-try-rapid-210926147.html

This is further validation that Covi-Stix is ready to be used as an at-home test kit. However, it seems the  FDA are holding up tests and treatments that could be used to defeat the pandemic.  I suspect the at-home feature may be the hang up because the government wants to track the C19 infection rates.

Sorrento is working on a complete line of C19 tests and treatments.   Their stem cell treatment Covi-MSC has people walking out of the hospital after 3 weeks of intensive care on death's door prior to the Sorrento IV. Why the FDA are holding up such life saving treatments boggles the mind.

Sorrento has antibody treatments that could be used at home like nasal drops and a shot of an antibody rather than long IV hospital stays.  

The FDA is way too SLOW for these times. Unleash Sorrento on this scourge to mankind and free us!

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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Robbinhood has a short based skunk stink to me

 

Market Talk

Yesterday we see the congressional grand standing on the Reddit , Robbinhood and Gamestop trading that has shown how the little people can sometimes ban together and equalize the playing field with short hedge funds.

 

I will now add my 2 cents on what I am watching.  I did NOT see anybody further question Robbinhood's young ceo on why they allowed the sale of certain stocks and NOT the buying.  He gave a half ass answer like it makes a person uncomfortable when they can't exit a position.

But I will say here and now I believe they did that to benefit the short hedge funds that support privately held Robbinhood.  The shorts were losing huge amounts by betting on the demise of certain stocks and they LOST.

Until Robbinhood management stepped in with the crazy rule that said you can sell but not buy certain stocks on their platform!

 

Here is what I believe should be done.  The rule should be made, if a broker/ dealer has to pause trading of a particular stock due to an imbalance of funds on one side - That broker should only be allowed to HALT all trading.

 

In closing, I would say to people - stay away from Robbinhood.  It has a short based skunk stink to it. 

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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Stocks on my RADAR.

 

Market Talk

 

There are a lot of signs that the world of trading and investing is kind of crazy these days.  The governments are printing fiat currency like crazy. Both traders and institutions are shifting to crypto's with the leading one being bitcoin. It crossed $51 K today. Some crypto stocks are rising exponentially, others are not and the shorts and profit takers can make a bullish view dim, if trying to time a good entry. 

Meanwhile, a perception that C19 infections are lessening all the while more rapid and powerful mutations are evolving. 

This leaves a stock market more unpredictable than ever.  As a result, I am not going to opine on opportunity in this post because when you start believing in a particular issue, the shorts are on the other side of the trade ready to take it down.

In this post I will put out a few symbols of interest that are on my radar.

Stock Talk

These a few of the stocks on my radar today:

SRNE

INO

CYTR

CLSK 

GBIM

AUY

NNOMF

MO

penny pink sheet -  CCTL  - Crypto "rumors" under 4 cents?

I'll likely opine on the above as developments happen. Look into any if so inclined. They all have some interesting aspects.  Ancient Chinese curse -  may all your days be "interesting"  or  - may the bluebird of happiness land on your shoulder

and Dry $ POWDER .

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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"Whipsaws", Shorts and trading notes (Goal: "more greens than reds")

 

Stock Talk

 

This post is for traders and investors who dare to make their own buy n' sell moves, sometimes in volatile speculative stocks to try to maximize gain, cut losses and at the end of the day or month or year come out ahead. "More greens the reds".

 

When you sit at the "cockpit" of your trading and investing desk you and only you are in control.  Let's face it, the short hedge funds are betting against your pick at any time you start to feel bullish.  When you see the whipsaw down coming and experience it, you can fight it and "buy the dips".   That's called "dollar cost averaging".  That is easy to say but for those that actually experience a severe dive down, what I call whipsaws, watching maybe a previous nice gain disappear it is disheartening.  This is why I say trim some gains when they come. Sometimes it's smart just to sell and take a small gain or even a small loss and step back and wait n' see awhile.

Yesterday, GM reported great Quarterly earnings BUT they were tepid about future sales blaming a chip shortage. Yea  Ok the stock sold off. Investors don't want to hear future eps will go down not up

These are damn hurtful trading days if not vigilant in the cockpit of your trading desk.  Currently, CleanSpark is being whipsawed down by profit taking and short sellers.  The market is waiting on the Quarterly earnings report.  Now projections for the year on CLSK's earnings are a turn to the positive. But the short side is betting against Cleanspark and this particular quarterly report may have start up expenses related to the Atlanta bitcoin mining center.  So as the whipsaw of 42.60 to the 29 range as of this note continue.  Is CLSK in dive mode caused by lack of investor confidence, short sellers and profit taking and trading by early holders in under a buck per share?  I don't know if the whipsaw will continue but I'll sit the possibility of further dive out. I'll settle for the smaller gain rather than a further loss and say Ok well , maybe I got too bullish.  so I am stepping back on CLSK , maybe watch it to see how the dust settles.

 This strategy is what I am doing here. What YOU do is your decision, you know it is only YOU than controls your own moves at your cockpit desk.

I will close with this notion. Some may say awwh Spider Jones - you a chickchit!  Well, I'll reply that if you lived through the whipsaws and traded some here some there and survived by doing so - maybe you understand.

•  trim some gains when they come and keep some DRY $ POWDER.
  

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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Trading notes: Hold, Some in, some out. (The market has no heart, has no soul)

 

Stock Talk

 

This post is more about Trading and "some".  My views on Hold or Some in /  some out.  These are NOT recommendations for anybody,  rather just my trading notes today.

    IN some :

•  Sorrento (SRNE) - IN ,  hospital patients near death walked after 5 days on COVI-MSC,  SRNE stem cell IV.

•  CleanSpark (CLSK)  -In some on bitcoin mining  and energy business with microgrid tech and ev charging stations
  

• GM - in some, ev play right before our eyes.
  

•  NanoOneMaterials (NNOMF)  Speculative new pick, in just some. They have an interesting nano approach and patents that are geared to one thing- a one step process for manufacture of Cathodes , a key part of a Li Ion battery . licensing patents/  not manufacturing.
  

•  Inovio - holding some long, just a few, not buying though. 

• Yamana Gold (AUY) - in  some .
  

     OUT :

•  QS - Out  - The some that was in yesterday is now out.  The market has questions on scalability that may or may  not be answered in time.
  

•  Vaxart - out for now.  Too much disappointment on the report.  30% gain but disappointed. will watch.

 That's it for now. The market has no heart and has no soul, it's just a machine.

•  So keep some DRY $ POWDER.
  

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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More sayings about "this n' that" - and Watching Sorrento (SRNE) and CleanSpark (CLSK)

 

Stock Talk

 

This post may ramble a bit.  I want to note on "some". In stocks, some is an important word.  If a stock is right into the future, "some" can pay off into a nice long-term benefit.  But when things go the other way, and the stock looks good, you can $ cost average.  This is all theory, but being in a particular issue, its not always clear what to do.

Sometimes, it feels like its best to cut out all together and let things settle down.  Now let's look at the past few day's being in some Vaxart as example. I am going to share how it "feels" and then what I can logically project. I may be wrong , I may be right - BUT the word "some" is protective in my simple man's view.

 

After being in what I believe the market views as the "2nd tier" C19 arena of  stocks, INO, SRNE and VXRT, it was finally really nice to see Vaxart suddenly more that doubling into the 20's on hope that the Phase 1 human data would match hamster data in that neutralizing antibodies (NA) would be present. But when Vaxart reported results it lacked the NA's that the market was looking for.  In premarket, VXRT got slaughtered down from the 21 range to the 11's, about HALF of the share price when we went to bed.  Can you imagine how that feels?  As my 102 year old pop used to say ...  LOUSY!..    (I miss you Pop)

So back to "some".  Sometimes as we get more bullish on a stock, our "some" holdings seem to increase.  When we do that and it just "seems" like we may have a sure winner and the market is agreeing, remember this saying I use...

  "something always happens"

 

The point is , or lesson, of vaxart is that when things seem great but not verified it's an important saying to recall...

 

  "something always happens" 

 

 So, I do not make buy or sell calls on this site.  Why?  This site is just my view of the day. I always try to project ahead into the future because that is basically what investing (and a fair amount of speculation) is in my view. 

Now the other day when VXRT was soaring into the 20's did you trim even just a few?  remember I posted about VXRT when it was in the 6's and 7's, did you get "some " lower?  Even now, VXRT is trading in the 10's range. By any standards, a 30% gain in a few months beats many professional $ funds.  I am not saying "Take the gain" because I don't do that here. But if people stepped back on VXRT for awhile, who can blame them?  A 30% gain by any standards in a few months is not too shabby - say thank you. (to God, not this peasant).

Now, I will note on the other "2nd tier" stocks in that space.  After seeing how the market treated Inovio when preliminary reports failed to emphasize "NA's" but highlighted balanced immune response in antibody and T cells, and subsequently the FDA put a hold on the Phase 2 human trial for "questions" - and how the short based hedge funds shorted it down from 33 to the 8 range - That was hard to take.  The way I survived was realizing it was time to trim shares in the 20's and hunker down in "some".    But "some" is not based on the C19 vaccine even if the DOD is backing it.  I happen to lean to the notion that for Covid 19 it may or may not be too late. I stay in "some" INO because of the cancer treating Pipeline. Why?  because I believe that Targeted T fighter cells that the DNA approach seems to excel at - will be the holy grail of the "silver bullet" approach to treating many ailments like varous cancers that so many suffer and die from. The problem is , we have to wait months and maybe a year "to see".  Some INO works for me, not too much.  Why?  Because Vaxart's trading pattern turned me more circumspect about the space.

Now just as "some here, some there" may work.  Also - trimming some off when gains happen in between, may be prudent. Why?  always keep some $ Dry Powder !  Going "all in" can be a painful thing when wrong about daily directional motion.

 

To wrap this post up, my "today view"  of which of the three stocks has a fair chance of more near term gain is ....

 

 Sorrento (SRNE) 

The reports of hospital patients tha have acute respiratory distress being treated with Sorrento's  Covi-Msc and then walking out from near death conditions has me bullish on SRNE.

 

Further SRNE is working on an arsenal of Corona treatments that will allow, if FDA approved, new at home tests and treatments.   However, I am not completely confident with anything the FDA is involved in.  With all the above my view is that of the three stocks.

•    some SRNE .
•    INO, some but cautious
  
•    VXRT , I'll watch it awhile.
•    Circumspect on everything.
  

I will wrap this post up with a stock from an entirely different space - Bitcoin mining showcasing microgrid energy savings .  Here  is a snip it on an announcement by CleanSpark (CLSK) ....

"World's Largest Retailer to Deploy CleanSpark's Microgrid Switchgear."

 Do you suspect what that retailer is ?  maybe WALMART ?

  ya thiiiaank? 

STAY TUNED . LOOKING INTO ANOTHER POSSIBLE "GAME CHANGER"  STOCK.

    

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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Sometimes they disappoint but we adapt .

 

Stock Talk

This morning we see some results of the Phase 1 data from the Vaxart oral vaccine.  The market is punishing the stock rise on lack of reported neutralizing antibodies  It seemed to show positive antibodies in at least one report on hamsters -- why not humans?  Perhaps it takes more time or T fighter cells may be better anyway against C19? I believe T fighter cells are lacking from the two frozen varieties FDA  approved and thus they will require "boosters". Yea its a $ deal. "They" want you to keep coming back.

https://finance.yahoo.com/m/0bd268d7-ef1d-39fc-adfa-2b3465423d06/vaxart-s-stock-falls-42-.html

 

 If you've been in awhile, we have seen what happens so I won't argue with trimming some gains off the table on VXRT.  I will say that strong T fighter cells are a better indicator in my view for longer term immunity. However, fighting the market when a gain is there tells me to trim shares and fight another day. Jmho -  I'll still be in "some" VXRT.

Keep watching. I am looking into a very interesting area.

In meantime CleanSpark (CLSK) may be a hot, hot, hot stock to watch. It is volatile and it's a some and not too much stock,  as far as my thinking goes.

•  CLSK in bitcoin mining and microgrids and ev charging stations -  all hot hot hot areas. key thing:  2021 "eps" .

  INO, SRNE, CLSK ... and yea a little "some" VXRT  (sigh)

 

       ... dry $ Powder.

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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The Reddit call to action - Its a rebellion of the little people! (in Biotech now)

 

Market Talk

Well, us little people are making a stand against short hedge funds that have been manipulating stock prices wayyy too long! The Reddit crowd that surged gme and amc way above where the many shorts were comfortable are now reaching to over-shorted select biotechs that have promising life saving treatments in the pipeline.

One stock that the "Reddit call to action"  hit back at entrenched short hedge funds was Inovio (INO), but also Vaxart  (VXRT) and Sorrento (SRNE) had a stellar buying rip today.

https://finance.yahoo.com/m/58c6c0ec-8f44-3d54-9cb1-00c6f2952d15/inovio-surges-on-reddit-call.html

Also a Reddit call to action was made on silver. And as a result some of the silver miners, in particular, the penny stocks like MUX and EXK surged. Will they continue awhile or is the movement being too spread out to last?  One theory may be that as GME gets sold off, reddit activists may target the ones that moved today and stay and really confuse the shorts as the biotechs implement their delivery plans and pipelines.

 I have belief that INO, SRNE and VXRT hold the keys to success enough to be in "some" shares.   I pick no bones that I've been long in "some" shares  of the above. I am in some "to see" -  with or without the Reddit short fighters. But I am sure that long shareholders do Welcome Reddit activists indeed.

 

  and dry $ Powder.

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ALL in my humble opinion, scroll down and read more.. 

This site does NOT make Buy / Sell recommendations.
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