it’s reshaping business and investing
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Why AI is the Game-Changer for Investors | | | | |
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| | | | SCOTT WELSH’S TICKER TALES
Friday Great Value Trade (GME)
Buying something deeply on sale is a principle that will never go out of style.
As long as the thing you’re buying “on sale” actually has a “fair value” that’s what you think it is.
Or as long as you trade Meme Stocks that are way below their 800-day simple moving average (aka “fair value”).
Back in April 2024, the infamous GameStop (GME) was down close to its lower Band.
It wasn’t all the way to the Band but the price at that time was more than 100% below “fair value”.
The April price was around $10.15 while the SMA was up at $29.25.
Here’s the chart:
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Of course, you know what happened.
Not only did it explode up to “fair value” at $29.25 (for about a 190% gain), it went as high as $64.
While Meme Stocks are volatile, unpredictable, and silly, waiting for them to offer “fair values” over 100% can pay off.
Sometimes in a huge way.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. | | | | |
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TUCCI’S TWO CENTS
Why AI is the Game-Changer for Investors SCOTT WELSH’S TICKER TALES
Friday Great Value Trade (GME)
Buying something deeply on sale is a principle that will never go out of style.
As long as the thing you’re buying “on sale” actually has a “fair value” that’s what you think it is.
Or as long as you trade Meme Stocks that are way below their 800-day simple moving average (aka “fair value”).
Back in April 2024, the infamous GameStop (GME) was down close to its lower Band.
It wasn’t all the way to the Band but the price at that time was more than 100% below “fair value”.
The April price was around $10.15 while the SMA was up at $29.25.
Here’s the chart:
Of course, you know what happened.
Not only did it explode up to “fair value” at $29.25 (for about a 190% gain), it went as high as $64.
While Meme Stocks are volatile, unpredictable, and silly, waiting for them to offer “fair values” over 100% can pay off.
Sometimes in a huge way.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. |
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