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Not sure if this is worthy of a full post, but since I rarely seem to have many long ideas AND since I have been banging the table on how well my IBM short idea had been working out so far, I thought it appropriate to announce my assessment that the short trade is done on this. It looks like it is worth getting long (in the short-term at least).
I’ve got to say, I was wrong about crypto – – or, more specifically, wrong about Bitcoin and Ethereum. To be clear, I still think crypto is useless, but maybe we’ve found a very specific niche case where it excels: that is to say, a reliable safe haven for fixed assets (a digital gold, some have called it). There’s no arguing with the stellar performance of Bitcoin this year………..
While thumbing through charts, I was stopped in my tracks by Cadence Design Systems (CDNS) which is at lifetime highs. Not only that, but this thing hasn’t even stopped to catch its breath.
Enough of this rising market nonsense! I end this NOW with the same effect as Chocolate Rain (but in REVERSE). Here are some bullish ideas!!
I hardly ever buy anything, but I’m a contrarian at heart, so I just took on a long position on this beast. It’s my only long. I paid $2.96. Let’s see what happens. It’s a pretty big position, since I’m feeling saucy.
