LOTM readers are well aware, we work with the attitude to Buy Companies and Trade Stocks.
When making a purchase – we determine which of the two categories mentioned above the purchase will fall into.
This determines our Risk Management style – 1) dollar-cost-averaging (DCA) or 2) Stop-Loss.
If you let your “Bought for a Trade’ slip into “We Own the Company” status – you failed the test. We have all been there, done that, so just decide to be more disciplined in your market approach. Start now before the Bear Market gets worse.
Opportunities in the Current Tech Wreck:
In the Tech Wreck that is happening we have some ideas that can fall into either, 1) Own the company or 2) Trade the stock. Just decide which you are after so you know which Risk Management style you will use.
We like the first three names that are in the high visibility, Growth-at-Any-Price Category with 1) a three year ownership, 2) a two month pop & sell or 3) a combo of both trade some and own some company approach.
- C3.AI (AI) $24.00 – average price target from TipRanks – $52.00
- Unity Software (U) $93.78 – average price target from TipRanks – $180.30
- Marathon Digital (MARA) $21.59- average price target from TipRanks – $61.60
The last two falling to “our Usual Suspects category:
- Soluna Holdings (SLNH)* $8.47 – price target from LOTM – $25.00
- Galaxy Digital (BRPHF)* $12.43 – average price target from TipRanks – $36.27
C3.AI (AI) $24.00
Unity Software (U) $93.78
Marathon Digital (MARA) $21.59
Of course, we have our two “usual suspects” we have committed to owning & trading over a longer time line.
They appear ready for the POP upwards phase in my opinion:
Soluna Holdings (SLNH)* $8.47
Galaxy Digital (BRPHF)* $12.43
At this point in the market cycle, we suggest any stocks you trade are also stocks you feel comfortable owning long term. Blow-downs in price are now more frequent than Blow-up in price. Stay off margin. Use your stop loss cut prices. It would be nice to know if trapped by a Blow-down that you could buy your way through the corrective cycle.
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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