IA Daily Digest (Nov 6-7, 2024) (Patreon)

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

Date: 6 Nov 2024 - 7 Nov 2024

• Bitcoin:

  • God Candle:

  BTC completed a 7k God candle on 11/6.

  • MSTR Gains: IA prefers not to discuss things in public to avoid drawing extra attention to himself. However; his synthetic long on MSTR is now up over 30,500% before he even accounts for the options he has sold against the synthetic long over the last year or so.

  Moonvember: Do not sell in Nomber; how many times does IA have to say - Nov is different. ⁠ 

• Tesla:

  • Sub $300:

  As IA said yesterday, sub $300 TSLA is still a good price for the stock. There may not be much time left to stack, as the world is waking up. ⁠

  • Bank of America:

  Bank of America increased their price target for TSLA stock to $350, from the previous $265, following the recent U.S. election outcome. ⁠

  • Dan Ives:

  Trump winning is a dream scenario for any TSLA bull. We could now be talking about a $1.5T market cap for TSLA; He will fast track autonomous regulation. He will fast track autonomous regulation. Musk will have a big voice in Trump administration; TSLA is the most undervalued AI name on the market.

• Trading and Investing:

  • Gareth Soloway:

  Gareth has been constantly short on BTC since 15k. ⁠

  • Gurufocus:

  IA utilizes Gurufocus as a tool to get a quick glimpse of an asset is under or overvalued. ⁠

  • GSOL vs OSOL:

  IA would focus on OSOL vs GSOL. Everything Grayscale is shit. ⁠

  • RIVN:

  RIVN continues to fall, and dropped 8% today after an awful Q3 earnings. This is more destruction, as the Cyberturck is killing RIVN. ⁠

  • FOMO:

  A member voiced they were frustrated as hell as they are new to the markets, but felt like they missed out on TSLA and MSTR. James writes; Investing Big Bang is always a risky move especially after a huge run up - think layers. I mean; Tesla was $200 a couple of weeks ago and now it's nearly $350. Nothing goes straight up. Everything mean reverts. Same thing with Bitcoin. However, the long-term future if your horizon is 3 to 5 years. You'll be just fine, but remember things have been on a complete rampage. Regarding Microstrategy that will be volatile as hell, but overall the future is bright. As discussed in Octa, if history repeats, the price of BTC will never be lower than it was the day before the election. ⁠

  • SQ:

  Square has obscene stock based compensation and disqualifies them in IA’s book. ⁠

  • Cost Basis:

  Do not let cost basis keep you in a position.