Market Talk
Stock Talk
Stock watchers may have noticed that Bitcoin has fairly well sustained
ranges above $60,000 and is now establishing a base in the $70K's. Some think its headed higher, some say its not. Some countries have been buying bitcoin as well. One "notion" here is it "looks like" both bitcoin and Ethereum want to go higher.
Watch notes:
IBIT This bitcoin etf has been rising steadily since mentioned here.
some Crypto here n' there BTC and ETH.
Other notes:
Devon Energy (DVN) - some big whales are being reported to be buying the dip in Devon and nat gas prices. It's starting a move up a buck at this note, over $47.
Watching:
INTC
RTX
etf - URA ? (nah . maybe that notion wasn't so hot)
More stock notions:
Ramaco, METC has had a great run on basis of pretty solid earnings and dividends. It has more than doubled and the spinoff was a bonus since highlighted here. BUT at same time, the harsh drop after METC hitting the 20 mark seems overly sold (or shorted). Some may buy more with dry powder and others may take the gain and watch it later, some will just hold. This is the market - nobody rings a bell when its time to make a trading move. Sometimes - its better to bail and take a gain when a stock suddenly whipsaws lower.
Bitcoin miners are volatile scary: As a last notion to mention, the bitcoin miners are way too volatile to try to comment on here. Dangerously volatile. If trying to "trade" a bitcoin miner be careful not too much because the downside action could be quite hurtful if too much. The miners are a gamble on bitcoin moving higher. And then there are other factors that can waylay a run. The key word is gamble. yikes!
If one like the potential prospects of bitcoin in a fiat currency world without limits , perhaps an etf like IBIT may be a way to get involved but only in a some here or there mode. It has moved a lot since mentioned here. It depends if bitcoin extends into the 80 and 90 k ranges with some pundits say possible after the halving. Notice the word "some".
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For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post.
Stay tuned for more opining on the market and stocks to watch.
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