As promised in my last post, below you will find what I am calling a “bubble basket” of tech stocks I have been taking a look at to varying degrees. The Russia/Ukraine situation is taking center stage in the markets these days, but I can’t really add much insight into the geopolitical landscape. From a stock perspective, the most I can offer is that maybe trimming energy exposure, if you have a nice chunk of it, would be an opportunistic move into the current rally. What I find far more intriguing from a long-term contrarian investing standpoint is sifting through the carnage in tech-land.The dozen companies shown here range from small cap (Redfin and Vimeo) all the way to mega cap (Amazon and … [Read More...]

Digital Art From Obscure Artist Fetches Nearly $70M
File this under things that make no sense whatsoever:Beeple NFT becomes most expensive ever sold at auction after fetching over $60 million [Read More...]
Reader Mailbag: Merits of Shorting Tesla
Reader Question:I am curious of your take on the benefits of shorting tiny amounts of TSLA at these levels (~$850). At +800B valuation there isn’t almost any room to grow reasonably. The reward of shorting might not be very big, but neither appears to be the risk.Many skilled short sellers often give the advice that shorting based solely on valuation is unwise. I suspect the reason is that while fundamentals do matter over the long term, in the near term, investor sentiment dictates stock movements more. The stock price action of Tesla over the last year shows this clear as day. Accordingly, if you are early and nothing fundamentally negative occurs at TSLA for the next 6-12 months, then there is nothing stopping the … [Read More...]
Reader Mailbag: Overstock, tZERO, and Crypto Hype
Reader Question:How much is tZero contributing to OSTK’s PR and balance sheets? How much actual business/revenue value are generally crypto companies generating versus stock valuation pump due to the hype around everything crypto?It is hard to speak about crypto companies generally in terms of business value vs financial market hype because there is a such a wide range within the sector. On one hand, some companies are all hype (press releases without much in the way of products or revenue) and on the other you have some, like Overstock’s tZERO business unit, that have press releases, products, and revenue (just no profits).There is no doubt that Overstock’s share price is being valued partly on its crypto assets. While the pandemic certainly boosted their … [Read More...]