Rotation Rotation Rotation 💃
After a wild ride with $ZVO, I decided to take profits and make a well adjusted rotation into… Bitcoin miners! Yes, although unconventional, my reasoning is plain and simple:

  • The less Bitcoin being mined, the less supply.
  • Central banks are still purchasing a ridiculous amount of bonds and interest rates are still at historically absurd levels.
  • Most Bitcoin miners sold at an average price of $30,000 (currently trading at $20,000) to not only lock in profits, but to shore up cash for further expansion and efficiency.
  • Additionally, Bitcoin at $20,000 is a historic price floor and all the bad news has been priced in.

There are many publicly traded Bitcoin miners out there, so I bought a basket of them as a thematic investment 🦧

Happy investing & trading!

Bob
Zovio $ZVO Going to the MOON 🚀🚀🚀
The education technology services company that partners with the University of Arizona Global Campus, a pioneer in online learning, and owns Fullstack Academy, a coding Bootcamp, recently sold their underperforming K-12 focused tutoring service business for $55 million.

$ZVO has skyrocketed from $0.80 at the beginning of June to over $1.25 to date. With a 52 week high of $3.10, I expect the enthusiasm to calm down before climbing the mountain. However, with a growing revenue trend of $54.76 million, the future looks bright.

I have a target price of $1.75 before next earnings release… some say higher, others lower. Online higher education and coding boot camps are trending now, especially in times of recession as people seek to re-educate and re-skill.
Pre-Market Mover >50%
$ZVO, Zovio, an education technology service company that partners with higher education institutions and employers to deliver solutions and learning experiences is up >50% pre market.
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