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The trade today is in a company that actually makes money, minting coins. You know, the coins you drop in the pinball machine.
So, no matter how you think about it, the fundamentalists cannot say that this company does not make money. It always makes money.
Fun and word games aside, we've got a trade that has signaled the next big move and today's trading action is offering us a nice pullback in which to get involved at better prices.
The Analysts here at All Star Charts were discussing Natural Gas in a recent analyst meeting, and the feeling is that 'ol Natty might be putting in a bottom and ready to reverse higher.
It's certainly got me in the mood to 'F around and find out.'
With yesterday's market action firing, potentially, another warning shot that Q4 trading will be challenging, I'm on the hunt for opportunities that may be a bit more uncorrelated to the risk I currently have on the books.
One such opportunity is presenting itself in the bond market and we're going to position ourselves to win both in the short-term or the longer-term.
This morning, the team was discussing a notable Board of Directors insider making a sizeable $5 million purchase of stock.
While an insider's buy isn't necessarily grounds for me to get interested in getting involved, it did catch our attention and after looking at the chart and the sector, it looks like a trade we'd like to get into--carefully.
Feels fitting to position ourselves in a company that is known for going fast. Because if this bull market is about to resume its normal operation, then this company is likely going to lead us higher, quickly.
It's fashionable in certain circles to talk about having a Canadian escape plan if shit gets too weird here in the United States.
I'm not one of those. Though I love Canada, having grown up across the border in Buffalo, NY.
There were many times in my younger days, while spending a day across the border, where I'd find myself short on cash and I'd have to hit an ATM to get some loonies! And most often, those ATMs were run by CIBC.
So maybe I should attempt to earn back some of those ATM fees (plus interest!).
The stock market likely has a couple of aftershocks left in it. But if the worst is over, I have to believe this is a great opportunity to buy the dip in some names that will be beneficiaries of the AI boom.
And there are few bigger and well-positioned names than Microsoft.
This market environment still demands that we define our risks and we're going to leverage elevated volatility in a way you might not expect to express our bet.