Market Update: Market Is Strong
The market remains very strong and it would be very healthy to see it pause for a few weeks and consolidate its recent and very strong rally. There are still a slew of earnings that are being released and the bulls remain in clear control until we see any significant selling show up.
ICOs – Do It Right:
Everyone is interested in Initial Coin Offerings (ICOs) right now. Last week, I wrote about the 6 million percent gain in 7 years for bitcoin. I was blown away by the the feedback I received from many of you asking how you can invest in ICOs. Just from last week’s email there is close to $7M that you want to invest in the space. I am doing a lot of work on this subject (for Forbes and elsewhere) and have to say, the vast majority of ICOs are going to go bust. Please be VERY VERY careful before you invest a dime in an ICO. Remember, Bitcoin was never sold, it was only mined. So the tokens/coins were free. Currently, people are trying to sell you tokens/coins. The two big problems with that approach are: Legal and Practical. First, there are a lot of scammers out there that want to steal your money. Second, legally, ICOs are still in a grey area with respect to whether or not they are defined as a security. At this point, it is still a case-by-case basis. So, the people selling the ICO could get shut down for selling unregistered securities and/or not being registered to sell securities. The good news is a lot of money can be made in this space if you do it right. Due to the overwhelming demand for ICOs, I have some exciting news that I will share with you in the near future about how to invest in this space – the right way. Please feel free to reach out if you want more info.
FLS Portfolio:
The FLS portfolio continues acting well. The service added FOLD yesterday and will look to add more risk in the near future. Currently, we are happy with our exposure and sitting on lofty gains. The protective stops were moved up recently and we are waiting for new healthy risk/reward trades to emerge before adding more risk. Here is a snapshot of the portfolio as of Monday’s close:
Positions:
The service owns:
ADBE +62.75%, BABA +91.87%, CAT +28.48%, ISRG +22.06%, NFLX +15.98%, NVDA +25.24%, RMD +7.13%, MNST +2.64%, FOLD -0.55
The service will exit: ADBE @ 147.94, BABA @ 166.67, CAT @ 120.07, ISRG @337.27, NFLX @179.27, NVDA @172.67,
RMD @ 77.70, MNST @54.13, FOLD @ 13.59
Working Orders:
There are no new orders today. We will look to add risk in the near future.
Disclaimer:
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice. Any reproduction or retransmission of any portion of this report without the express written consent of 50 Park Investments is strictly prohibited.
