December 15th, 2015

Zooming Out For A Couple Fresh Ideas – Axon (Taser) and Bitcoin

Happy Saturday everyone. There are now 68 ‘Panic With Friends’ podcasts for your listening pleasure. Yesterday, I riffed on Twitter and Stocktwits about the markets… There are so many bearish people that can’t separate the economy from the Nasdaq 100 and the cloud and robots and high margin software and decentralization and politics and money printing and unintended circumstances (new trends) and AI and AR, machine learning and data is the new oil…. Continue reading Zooming Out For A Couple Fresh Ideas – Axon (Taser) and Bitcoin at Howard Lindzon.

Happy Saturday everyone.

There are now 68 ‘Panic With Friends’ podcasts for your listening pleasure.

Yesterday, I riffed on Twitter and Stocktwits about the markets…

There are so many bearish people that can’t separate the economy from the Nasdaq 100 and the cloud and robots and high margin software and decentralization and politics and money printing and unintended circumstances (new trends) and AI and AR, machine learning and data is the new oil….

I am starting to get excited about Nasdaq 10,000 and putting $VIX 90 behind me…The $VIX is back below 30 and while volatility has historically remained high for much longer periods after spikes like this in the past, I doubt we see a ‘market’ panic like that again in our lifetime. Of course, this group of tweets probably marks a short term top…

Today, I wanted to zoom out on a few ideas. I own both of them and was buying more this week.

The first is Taser – now known as Axon ($AAXN). Here is the company snaphot on Koyfin.

Yesterday the company reported earnings and the stock shot up to close near an all-time high.

I bought the stock a few months ago – pre Pandemic – when it had shot up to an all-time high. It subsequently crashed as most stocks did when the world shut down. That is not surprising. What is surprising is the surge back to near all-time highs.

Have a look at the monthly chart:

I like looking at monthly charts when I am considering a stock buy. It cleans up the noise of $VIX 90. The month is just half way done, but you can see that Axon is on its way to closing at an all-time monthly high. Considering the nasty RED monthly bar of the pandemic has now been swallowed along with an important earnings announcement, the strength in Axon is something I want to take seriously. I like my odds of a continued move higher.

The second idea is Bitcoin. I have owned Bitcoin a long time. Bitcoin too was crushed as the Pandemic panic spread.

I was buying Bitcoin into the panic as it is one of my 8 to 80 companies (in this case an asset/product/thingie and here is my complete and current 8 to 80 list).

Zooming out here is a monthly chart of Bitcoin:

You may have to squint, but the nasty RED monthly bar from the Pandemic panic has been swallowed back up by green bars. I have noticed that Bitcoin has never been a bad asset to own following two monthly green bars. We are only half way through May, so this new second green monthly bar is not complete, but if it is…ooh baby I like the odds of a big run ahead.

Have a great weekend.

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