CHPT +24% in 4 Days! Booking It.
TFIN, platinum & palladium (SPPP), uranium, real rates
As I type, markets are still open and Chargepoint (CHPT) is $2.38, which is up 24% since my suggested “Special Situation” entry not even a full 4 market days ago.
I now suggest booking it.
Equities seem to be going parabolically insane. JOBY is up another 10% today alone. When it all stops, no one knows. I just know I’m not waiting around to find out while such big, quick gains are on the table in a company like Chargepoint that does not - at least at this time, and probably ever - represent true value or pay a dividend.
We’re 10/11 on Special Situations so far. 9/9 on closed positions, with 2 still open:
Chargepoint, CHPT +24% in 4 days.
Enovix, ENVX +63% in 6 weeks.
Tesla short, TSLA +41% in 3 months.
Critical Elements Lithium, CRECF +43% in 2.5 months.
LXU, LSB Industries +11% in 5 months (+29% at high*). Still open.
LL, LL Flooring, 4 positions, all winners, averaged +14% in 6 weeks.
Japanese Yen, YCL -12% in 4.5 months. Still open.
Disney short, +13% in 3.5 months.
For those new here, a recap on these and other ideas that have generated significant short-term gains. Results are based on use of shares, not options or derivatives.
* re: LXU, when it was up 29% I wrote, “if you’re swing trading or need to raise capital it’s hard to argue against realizing at least some of those huge short-term gains.”
You can read that post here:
Selling 4th BOIL, +57% in 1 Month
A month ago I added a 4th BOIL position, a levered long on natural gas, at $14.10, noting: Sentiment for natgas borders on hatred while prospects seem bleak, yet we’re entering the most typically bullish months for the sector while its chart is turning constructive.
Imagine compounding these gains.
If I were to roll Chargepoint proceeds into something new, an ideal entry still exists in palladium. We’re in SPPP:
+ Platinum & Palladium to #4
Posted the evening of April 29, with today’s “buy” target in mind: We may soon have bullish alerts triggered on soybeans, corn, platinum and palladium. SPPP SPPP - Sprott Physical Platinum and Palladium Trust hit a low of $9.35 the next day and closed yesterday, Friday May 10 2024, at $9.97
Soon the consolidation in uranium should end with a move considerably higher.
There’ll almost certainly be a new related position suggested, probably a “Special Situation” setup, soon.
Of Triumph Financial (TFIN), I recently stated:
TFIN hit a 52-week high today, and I still like it as a long-term investment however above $90 I’ll be trimming my position back to its original value (skimming the profit).
TFIN is now $93.60, up 33% in the 8 months since I suggested it:
Rebalancing Banks, Guns & Flooring
On October 19 I made reference to preparing for “the typical seasonal rally into a new year.” A massive rally kicked-off not long after, at the end of October, and we’re now in the euphoric “bad news is good!” phase in which dire economic data is actually great because it means central banks will affect the pretense of holding interest rates steady, or e…
I’m trimming enough of the position to pocket the profit, by scaling back to my original amount of exposure for the longer term in TFIN.
Note this line in particular from that post:
As I’ve noted several times before, the real trouble for stocks occurs when rates drop.
Real rates have topped, and real rates are dropping.
Soon “official” rates will drop too.
Great content again!
Bravo, and thanks.