Garbage IPO of the Day: $GRPN

Here we are with another garbage IPO that the big boys have sold to the mom and paps (now bagholders). Today it is Groupon! $GRPN

Groupon is a stock that went public in 2012. It IPO’d Prime time in the bull run and you can see where the overall market is now compared to then, way up. Well GRPN is way down. After touching 31 the first week, investors have lost over 95% of their holdings and now holding the bag.

I honestly still use GRPN some, however I’m still not completely sure how they are in business. This is another

Garbage IPO of the Day: $APRN

Blue Apron folks. This is your garbage IPO if the day. This company went public in June and 2017 and within its first two years of trading it has lost investors…93.5% of their investment if they bought the opening print. This is a classic example of a garbage company, going public because it needed the money to stay in business. Remember folks there is one main factor that ANY company will go public.m, and that is because of the money, whether a need or a want. APRN is not trading at $0.65.

There are many IPOs that are like this

History Often Rhymes… $BTC #bitcoin

They say in markets that every time is different. While that is technically true, you can find major similarities and patterns in every single market. One specific market, cryptocurrencies, happen to not be completely controlled by computers and actually moves very emotional and technically (for now). I ha e utilized past patterns, measures and scales, and predictions to have predicted the last two bubbles, the percentage decline from the top and where the “bottom” or “top” may be. Have I been right every time? No, however when it comes to the declines and measured moves I have been on point.

$CSCO is a buy on the pullback

Cisco has a Very very strong uptrend as you can see here. Considering we are in a “tech strong” market again after the Christmas Eve lows, it is no surprise that this uptrend has been so strong for multiple months. If you have been watching this strength and been waiting for a pullback, now might be your chance!

I am looking for many of these small pullbacks to buy into tech companies here. Until the signals say get out, you have to respect the price again. Many have taken back the 200 day MA which initiate higher prices usually. We will

$TWTR is Bull Flagging!

After blowing through resistance on earnings with a 15%+ day, $TWTR has consolidated sideways and is now make a move back into the earnings high and gap fill to 42. With a move over these highs, we should be looking for some major continuation and just ride the bull. As you can see in the chart featured, we have broken up and a bull trend has truly began IMO.

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