my best pick: XYZ
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has room to run
the stock is Block Inc (Ticker: XYZ)
Block Inc has for sure run the gambit in the last 8 months
moving from $55 to $99 on the Bitcoin Boom and falling all the way back to $48 again
this was a nice winner for me in Flash 10
but i didn’t close the stock for $99, which was just $1 shy of my $100 price target.
the stock has moved from the high $40s after earnings to the mid-$60s.
can it catch fire on more Bitcoin?
sure but there’s a more compelling case for this
XYZ had a back in growth after years of break net revenue gains
they also have a huge amount of cash in retained earnings
i cannot believe this stock is a value play, but it is!
meanwhile:
AAPL cannot grab a bid and is still one of the most expensive Mega Cap techs out there with no revenue growth
yes. AAPL is huge and successful but they haven’t had a successful product launch in a decade
we will buy APPLE
12 month AAPL chart with 90 day historical (blue) and implied (green) volatility
what i find interesting is that AAPL implied vol is still pretty high
it normally trades in the low 20s, and with VIX tickling 16 again, i am surprised it is still near 30
1 year chart with 1 day candles on the top chart
90 day HV/IVs on the bottom chart