Taking Advantage Of The Tariff Tantrum
With the market selling off early today on the tariff news (before recovering somewhat on news of the tentative deal with Mexico), we’re going to try to add to one position, and open another.
The one we’re going to try to add to is Bit Digital (BTBT 0.00%↑), a company that provides high performance computing services for AI, mines Bitcoin, and stakes Ether (the Ethereum blockchain’s native cryptocurrency. Bit Digital was one of two “lotto ticket” trades we placed back in September.
It was down earlier today as Bitcoin dropped on the tariff news (and Ether dropped even more) over the weekend. It’s basically flat on the day now.
The new position I want to open is in an AI stock that was one of our top ten names last Thursday and Friday.
Details below.
Trade #1: Bit Digital
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