Trade Alert: A Few More Experiments

We'll have the answer to one of these tomorrow.

A Few More Experiments

With the market tanking today, let’s try a few more bullish experiments (next time we get a rally, we’ll try some on the bearish side). For the first of these experiment, we should know the result within 24 hours. This is a bullish bet on a company we’ve placed bets on before, a Bitcoin miner that also stakes Ethereum’s crypto currency ETH and has an AI/high performance computing business. Bitcoin and ETH prices have plummeted, and the share price of this company has too. But the company is releasing earnings tomorrow, and its CEO seems enthusiastic about having investors watch his presentation afterwards. Maybe he announces he’s splitting off the AI/HPC business and the stock gets a bump? We’ll roll the dice and see.

The other experiments are from a few accounts on my Market Watchers X list. One is a bet on Tesla (TSLA 0.00%↑). A prominent chartist on our list thinks it may hit $350 in May. We’re betting on it hitting $300 by June. Another is a bet expiring in September on a biotech a smart analyst on our list likes, and the last one is on a beaten-down ad tech business that a professional money manager on our list holds a large position in. That trade expires in December.

The maximum upside on our < 24 our trade/experiment is about 200%, the maximum upside on our Tesla trade is about 300%, and the maximum upsides on our two other trades are uncapped. The maximum downside on all of them is 100%.

Details below.

Today’s < 24 Hour Experiment