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Has Zynga “The Zombie” Woke Up???

May 8, 2019 Published by

Do you remember FarmVille and Mafia Wars?  These hits many years ago were brought to you by Zynga through the Facebook platform.  Then afterwards, you didn’t hear from Zynga, but they were still in the background….just walking die.

Zynga Inc. reported their first quarter earnings last week.  Zynga loss of $128.8 million, or $0.14 cents a share, on sales of $265.4 million, up from $208.2 million in the same quarter a year ago.  But Revenue rose 27% to hit $265 million, exceeding the $240 million that it was targeting earlier this year for the period. The result marked the strongest quarterly revenue

Currency Analysis Report 5-8-19…More Downside Risk On Kiwi Too

May 8, 2019 Published by

In March Governor Adrian Orr hinted at a easing bias. In an interview with Bloomberg last month, Orr confirmed that a rate cut in May was possible, but he also said it was a difficult decision and there were some reasons not to act, such as a shortage of skilled labor and record export prices.

Because of the trade war the last 18 months, New Zealand’s economy has cooled, with annual growth slowing to 2.3 percent last year from 3.4 percent in 2017. Like the Aussie Dollar, as China goes, the Kiwi goes.

Last night, New Zealand’s central bank cut rates

Crypto Contest May 8: DeepBrain Chain

May 8, 2019 Published by

DeepBrain Chain (Huobi: DBCBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, DeepBrain Chain began a wave one advance on March 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 5. If this wave count is correct, DeepBrain Chain should be heading next towards the April 3 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

DeepBrain Chain has developed a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related

Be Patient…The Smart Money Is Coming

May 8, 2019 Published by

Fidelity Investments Inc., one of the largest asset managers in the world, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, wealth management, operates as a brokerage firm, etc.   The brokerage firm has over 100 investor centers and provides services to retail investors and institutions.  This post will focus on the institutions who are salivating at the mouth waiting to get a piece of the crypto space.

Fidelity Investments, which began a custody service to store Bitcoin earlier this year, will buy and sell the world’s most popular digital asset for institutional customers within a

Playing Devil’s Advocate with Bitcoin

May 8, 2019 Published by

Maybe popular opinion scares me, maybe I believe in the psychology of markets and maybe that is why I’m worried about the upside for bitcoin.
Well, that seemed a bit dramatic, but my point is sentiment seems to be high at the moment and everyone is sure bitcoin is going to push 6k.
Herd Mentality
Whenever the majority of people are onboard with something when it comes to speculative investment it makes me hit the brakes.
Don’t get me wrong – there are plenty of reasons to be bullish on BTC in the near-term and I’m not saying I am not.   Shorts seem to

Metal Analysis Report 5/7/19 – Gold…A Great Position Trade

May 7, 2019 Published by

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.Global gold reserves rose 145.5 tons in the first quarter, a 68 percent increase from a year earlier, the World Gold Council said Thursday in a report.Central bank purchases have been a key support for gold, helping to offset lower demand from bar and coin investors as well as from industrial users of the metal. Gold has lost 1 percent so far this year, and was trading at about $1,270 an ounce in London

Currency Analysis Report 5-7-19…More Downside Risk On Aussie

May 7, 2019 Published by

The Aussie declined yesterday as news hit that a delegation from China may cancel its plans to continue trade talks with the United States later this week because of a recent tweet by President Trump calling for increased tariffs.

The Aussie dollar felt the pain because as China goes, so does Australia. In addition, the RBA left interest rates, unchanged at 1.5%. What they said was leaving rates on hold was based on still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the

Unusual Options Activity In Lyft

May 7, 2019 Published by

Lyft will be delivering its first earnings report since its IPO after the market close on Tues. Lyft went public with shares priced at $72, opened a little over $87, but it has been all downhill from there.

On the first settlement day for Lyft shares, short sellers shorted over 6 million shares which represented about 20% of the available shares outstanding.  The drama continued when Lyft announced they were considering pursuing litigation after it accused Morgan Stanley of supporting short-selling.

Then Lyft got its first downgrade by Michael Ward of Seaport Global Securities.  He said Lyft’s current valuation bakes in “overly

Crypto Contest May 7: Status Report XXVIII

May 7, 2019 Published by

In this report I will look how my analysis worked for the month of March 2019. There were 31 contests in March. I have already paid out all of them. The analysis was correct 10 times, wrong zero times and the cryptocurrency was in a range 21 times.

The correct ones were the following:

Crypto Contest March 1: Ripio Credit NetworkCrypto Contest March 2: Basic Attention TokenCrypto Contest March 3: QLC ChainCrypto Contest March 5: DigiByteCrypto Contest March 8: EnigmaCrypto Contest March 19: AchainCrypto Contest March 20: LinkEyeCrypto Contest March 23: Machine Xchange CoinCrypto Contest March 24: HitChainCrypto Contest March 31: Project

Can Under Armour Return To The Glory Days???

May 7, 2019 Published by

Under Armour (NYSE: UAA) used to be the IT company on Wall Street with years of sales growth great than 20%, but things went left in 2017 when sales started slowing down. The shot themselves in the foot by growing to fast when their apparel started showing up in many retailers, including Kohl’s. What was once an exclusive product became a commodity. The end result was company struggled to manage inventory and saw margins decline when it had to sell surplus product at heavy discounts.

That’s when Under Armour put together turn around strategy which focused on inventory control and

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