As we enter (or exit?) this bear market in stocks, there will be some buying opportunities. How do you know if that stock that just fell 80% is "on sale" or not? This is not investment advice, but an example 🧵 on how I calculate "fair value" for a stock before investing in it. I'm (more…)
Coinbase Reminds Me of Apple, Netflix, and Tesla
This image comparing Tesla’s market cap to the market caps of traditional car companies went viral this week. I think there’s going to be a similar graphic for Coinbase in 5-10 years. I'm getting vibes from Coinbase lately that reminds me of Apple, Netflix, and Tesla in years past. Investments I made that have all (more…)
How do you build a position in a frothy stock?
I call a stock frothy if it’s up 50% or more over the past year or so. When a stock doubles, triples, or like Tesla is up 800% over a short time period, there is a good chance the price will fall. So how do you safely buy a frothy stock? When a stock is (more…)
Tesla Update. Two Key Lessons.
I took some profits in my Tesla ($TSLA) position yesterday for the first time in 7 years. Technically, this was my second time taking profits, but the last I rolled my profit into Solar City ($SCTY), which was acquired by Tesla a year later. Tesla’s share price was up over 50% on the week and (more…)
Bitcoin SV Wash Trading
Rick D. at BeInCrypto.com digs into a theory for the recent spikes in the Bitcoin SV price. Is it from a BSV miner mining BCH instead, selling that BCH, then “wash trading” BSV on exchanges which pumps the volume and price. The original Twitter thread by @vinarmani can be found here. It’s actually a pretty (more…)
How I Sold My Bitcoin SV Coins
The last time I wrote about Bitcoin on the blog here was back in 2013. Bitcoin had just hit $1000 per BTC and I was still bullish. Since then, Bitcoin has “forked” a number of times. Similar to open source software, if stake holders disagree about how to build out the Bitcoin software and platform, (more…)
Jason’s Portfolio April 2016
I thought it my be useful for myself and others if I list out the stocks in my portfolio and watch list. I have informal categories for each stock I own based on whether I’m looking to buy, hold, or sell. I’d like to make those categories a bit more formal in this post and (more…)
When does Twitter Stock become cheap?
I’m reading the book Sapiens: A Brief History of Humankind by Yuval Noah Harari. In a section on the Agricultural revolution, Harari reminds us that while farming allowed human populations to grow, the quality of life for the average farmer was worse than the average hunter-gatherer. Farmers worked longer hours, with worse health, and generally lived (more…)
Apple. When are the fundamentals of the stock ever going to take charge of its price?
This post is inspired by a post by the user cyice on Stocktwits, who said: “when are the fundamentals of the stock ever going to take charge of its price“. At $110 a share, Apple ($AAPL) is down around $20 or 16% from it’s highs just over $132. The stock trades at a PE ratio (more…)
ZNGA Update and Options vs Common Stock
Last week, I made the case to purchase Zynga stock in anticipation of their August 6th Q3 report. (BTW, you’ll be able to find the Q3 earnings report and conference call link on the Zynga Investor Relations site.) At the time, ZNGA was trading around $2.85 per share. Since then, the stock has dropped to (more…)