Hope you guys have a great friday trading. Drop any ideas for trades you guys are taking below.
Coinbase was actually my largest position at the beginning of the week. So it’s obviously my largest position now. And even though I wouldn’t normally add to a position that’s jumped ~20% three days in a row, I initially started buying in at $120 a share so it doesn’t seem high to me where it’s at. $100-$120 might be fair but I’ll add anywhere cheaper without hesitation. I bought shares all the way down to around $52 a share ecstatically.
Even though I have a small fund; I broke down and opened a couple positions that have been calling my name for a while; $BKE , $ARCB , and $LEN. All three are strong companies and undervalued. And I completely ignore macro issues. So I could not care less what’s going on in the housing market or recession related fears. These housing companies have been going strong for longer than two years.
Happy Friday sir!
I just dropped some research for the latest company I am digging into a few days ago. https://commonstock.com/post/744dbb76-6c61-4db9-a368-d49d5295ca6b