Summary of InvestAnswer's Posts 27 December 2023 📈 (Patreon)

Summary of InvestAnswer's Posts 27 December 2023 📈  - Thanks Josh

Bitcoin and Miners:

CIFR:

IA executed an ETH-for-CIFR swap, witnessing an impressive surge of over 50% within a week. CIFR experienced a noteworthy 25% increase yesterday, followed by an additional 5% today.

Rainbow Chart:

As per the BTC rainbow chart, BTC is poised to potentially surpass the $200k mark in this cycle—an outlook strongly endorsed by IA.

MSTR:

Microstrategy recently acquired an additional 14,620 BTC, reflecting in MSTR's peak on the ARB cloud. Remarkably, the MSTR premium now stands at just 6%, making it 42% larger than IA's BTC pureform position.

MSTR Trade:

IA strategically hedged his MSTR position by selling the 700C option for 43.00 against 30% of his MSTR position.  Stock needs to rise $80 before he loses money over 18 trading days.  

ETH ETF:

Anticipate the ETH ETF launching 90 days after the BTC ETF, with a SOL ETF expected in approximately six months.

Solana:

OSOL:

IA advises caution on purchasing OSOL at the current level unless for the entire bull run and within a retirement account. It hit IA's $200 price target today.

New Buys:

IA is eyeing an opportunity to buy SOL at $100.

Saga Phone:

IA recently acquired a Saga phone.

Tesla 2024:

According to a recent Barchart Twitter poll, retail investors foresee TSLA as the strongest mega-cap tech stock in 2024.

⁠Cybertruck:

Tesla is rapidly advancing the production of the Cybertruck.

Valuation:

Despite efforts to suppress Tesla stock prices, IA asserts that the megapack business alone is worth $100 per share. The rise of bots and TSLA being an unreal stock are contributing factors.

BYD:

IA said BYD is no Tesla as it has subpar cars (German reviews) lacking in technology, full self-driving capabilities, and weak profit margins.

Trading:

New Portfolio:

A member aiming to establish new holdings post-job promotion receives IA's recommendation for a diversified mix of TSLA, BTC miners, SOL, and some BTC. Emphasis should be placed on TSLA.

⁠DCA:

IA employs a Dollar-Cost Averaging strategy into TSLA, complemented by strategic swaps during substantial market downturns.