IA Daily Digest (Patreon)

Daily Digest of InvestAnswer's Posts, categorized by finance news for the period of December 1, 2023:  Thanks, Josh for helping out. 

Spot ETF

Blackrock: Kaz heard through a Black Rock person that they are trying to get the ETF pushed through before Christmas. I heard also but prob Jan 10th. It is happening. 

Cleanspark (CLSK) Earnings

• Market Reaction to Earnings: Initially, Wall Street reacted negatively to CLSK's earnings, leading to a 10% drop in its stock price.
• Earnings Performance: CLSK exceeded earnings expectations by 300%, showcasing significant revenue growth and nearly doubling their Bitcoin (BTC) mining compared to the previous year. The company also possesses a strong balance sheet, positioning it favorably for the future.

Miners and Proxies

• Mining Sector Performance: CLSK emerged as a leader in the mining sector, especially noteworthy as the Bitcoin halving event is 137 days away.

Updated PT on CLSK

• Investment Strategy: InvestAnswer (IA) mentioned having a negative cost basis in CLSK. Originally targeting $12, IA now sees $20 as a feasible target, contingent on Bitcoin reaching a new all-time high (ATH).

Tesla (TSLA)

Portfolio Risk Management

• Stock Valuation: IA considers TSLA's price of $235 as quite inexpensive. IA Bought Tesla today at $232.
• Factory Insights: During a tour of the Tesla factory, IA observed the production of numerous Cybertrucks - I counted at least 80.  This line is built to scale like mad. Fully optimized almost. 
• Investment Approach: IA says there is always Alpha to be had.  For those who believed the bears - don't give up or lose faith. 

Tesla Category

• Cybertruck Event Analysis: Post-event, IA is not worried about the Cybertruck's new pricing. He emphasizes the advanced technology and high-quality materials used, predicting eventual market understanding and acceptance. Considering inflation and tax credit it is not far off their suggested price 4 years ago but has a LOT more tech and features.  It is the worlds best car

Solana (SOL)

• Price Prediction: IA predicts a bullish target of $400 for SOL by early 2025.
• Market Cap Analysis: This prediction is based on the relative market caps, suggesting that if Ethereum (ETH) skyrockets, SOL will follow suit, aiming even higher.

Notable Market Moves

CLSK up as high as $8 today.  BITF up 16%. MSTR up 6%

In IDIOTIC MEDIA - MEDIA

Total fools in all media - all of them and they are getting worse.