For the past week or so Crypto Currencies have been all the rage. That is to say, they are RAGING!
Our two core holdings in the Crypto world, Ethereum (ETH) and Bitcoin (BTC) have been rocking since the algo buy signal’s.
- BTC Entry $1060 (April 2, 2017)
- ETH (in Bitcoin vs US Dollars)$.039851 (April 26, 2017)
News of a Crypto ETF being reviewed (again) by the SEC has helped add fuel to this fire, but the train left the station long before the SEC rumors. Crypto’s offer a hedge against catastrophe if nothing else, also a way for people to pull money out of a countries banking system that is regulating withdrawals, or just your everyday momentum trader noting that Bitcoin has return nearly 300% year over year.
Our belief is that there is opportunity and a lot of upside room for these new currencies to run, not to mention the improvement in a financial system that is basically a proxy for wars with major nation states, without firing a single round. More importantly our algorithms really do love trading Crypto’s as the moves are so pronounced, they move dramatically and have distance when they finally take off.
Year to date Crypto’s have returned 4x and it’s just March.
Twitter, holy crap! From the depth’s of hell, this the most hated stock on wall street has rallied off it’s lows of $14.20 to the price at the time of this writing of $18.36.
We’ve been eyeing TWTR since the run up to earnings in February and the subsequent smashing since. Finally a signal was generated at $14.42 on the 12th of April, prior to earnings, and we have moved about $4 since then. Our belief is that all the bad news was out on TWTR, when bad news comes out and a stock stops dropping, that’s about when things change. CEO Jack Dorsey added to his TWTR position, buying another $9 million dollars worth of stock, Mark Cuban bought a bunch, it was obvious that people were starting to see TWTR differently.
And now TWTR bets heavily on the media part, of the social media title, inking more deals with content providers and starting to look a lot less like a social feed and a lot more like what Comcast wants to be. This stock has plenty of room for growth as they change the conversation from competing with Facebook and Snap to being the new scrappy little contender in media.
What got TWTR to where they were in the past, will be what makes them scary in the future. After trimming the fat, pivoting their business, all the while maintaining a strong engineering culture, they are now positioned to take on the biggest of media giants who are all trying to figure out how to get on the small screen. TWTR arguably owns the small screen (compared to their larger competitors at least) and is doing a great job of rounding up content.
We believe that this move by the company will have a major effect, and that TWTR is on the right path, in as much as our strategy continues to confirms this, we will continue to hold and look to acquire more when the opportunity is signaled.
Current Holdings
Longs
- TWTR ($14.22)
- TLT (20 Year Treasury Bonds) $120.07
- ETH-BTC (Ethereum in Bitcoin denomination) $.039851
- BTC-USD (Bitcoin in US Dollars) $1060
- GBPUSD $1.24386
Shorts
- SPY $238.29
- USDJPY $122.907
- USDCAD $1.29865