Wednesday 27 March
Good Afternoon,
A fairly good week for some of our equity calls so far, we exited the Tesla call +45%, the Square call +17%, the AMD call +1% and the SOFI call +57%. The HSY call continues to underperform. We added a call on Krispy Kreme ($DNUT) yesterday. Krispy Kreme announced a partnership with McDonalds which will more than double the amount of locations their products can be purchased. At the time of writing DNUT is trading at $18.50 pre market so the call should be up around 100% if that price holds. The target for this stock is $20/$24. At $24 the call would be in the region of +500/600%.
Our latest addition to the Altcoin portfolio CORE is up 50% since entry meanwhile FETCH is trading near all time highs and is up 180% since entry.
We saw some late selling in the final 30 minutes yesterday on the S&P but sellers did not manage to break 5200, the late selling has so far been reversed pre market. I am still looking at the 5250 or perhaps 5300 levels for an interim top as we approach Q2. I have no plans to trade short (at least yet) unless we break some key levels lower.
LEVELS & THE COMING MONTH