IA Daily Digest (Sep 1-4, 2024) (Patreon)

Summary of InvestAnswer's Posts

Date: 1 September 2024 - 3 September 2024

• Tesla:

  • $200:

  If TSLA hits $200, IA will initiate one of his largest buys on TSLA since his buy at $106. ⁠ He is still sitting on cash and looking where to deploy hard.

  • September Price Action:

  TSLA held up relatively well on 9/3, IA attributes this to a 10/10 pre stacking period by shrewd investors. Brad Gerstner’s hedge fund is stacking. ⁠

• Solana:

  • Trade:

  IA bought a big bag of SOL at $128. ⁠His plan was to use it to put into his SOL perp at $121.

  • PYTH:

  IA bought PYTH at 25 cents. He exited out a while back pre the big token unlock of 146%.

  • Perp Level:

  IA will perp SOL at $121.

  UPDATE - his target came real close to 121 a few days later on FRIDAY but he did not get it⁠

• Trading and Investing:

  • Trading View Premium:

  To effectively use the InvestAnswers Decision Support System (IADSS), it is recommended that you subscribe to TradingView's Premium plan. This is because the IADSS includes advanced features such as real-time backtesting, support for all timeframes (from seconds to weeks), and multiple model configurations that are best supported by the full functionality of the Premium plan. ⁠

• SOFI: The financials seem off to IA for SOFI.

  • September Seasonality:

  Everything has gone according to plan. Stack cash in Summer and deploy in September. Every Sept sucks, but it rallies halfway through or towards the end. Stocks are retreating near highs as Wall St hunker down after a roller coaster August. This year we also have a RATE CUT which could be an added catalyst.

Summary of InvestAnswer's Posts (thanks, Josh, for collecting)

Date: 3 September 2024 - 4 September 2024

• Bitcoin: 

• 100k:

IA is no longer very sure BTC will hit 100k; hence his 18-month-long pivot to TSLA. He still gives BTC an 80% - 85% chance of hitting 100K. ⁠

Trading and Investing: ⁠

• CLSK:

IA planned to drop a chunk of cash into CLSK on 9/4. ⁠  UPDATE: He did just that at $8 and change.

• NVDA:

NVDA will head back to $130, maybe $150 - but don’t expect too much more. ⁠  Per LILO $150 appears to be the limit. The big rotation is happening out of NVDA and into TSLA he reckons.

• CLSK Buy:

IA bought more CLSK as he was waiting for it to bottom. When you add up the value of their real estate, HODL, and their rigs it is basically free. Cantor Fitzgerald has maintained their $23 per share target. IA believes CLSK can hit $20 by end of year. ⁠

Meanwhile in VENEZUALA