Coinbase is expected to make its initial public offering today. Analysts have provided expectations for the company to trade as high as $600 per share, and potentially with a valuation of $148 billion. That would make for one of the largest companies to go public in history.
With cryptocurrency prices rushing to new all-time highs ahead of the IPO, and with estimates getting increasingly bullish for the space, this big IPO could be a sign of a top. While the chart patterns suggest such a top is a long way off, traders should watch to see how shares perform, as it may give a clue as to the next pause or drop in cryptocurrencies as well.
Now here’s the rest of the news:
“I Don’t Know What I’m Doing… But I’m Making Money!” Despite Correction, Investors Are Exuberant –Lance Roberts,ZeroHedge
This isn’t a bull market or a bear market. It’s a know-nothing market. Investors who worked hardest used to earn the most. Now? The money goes to the dumbest… [Read Here]
April 14, 2020
Good morning. This will be an interesting week as corporate earnings season officially kicks off with the big money center banks announcing earnings.
JP Morgan (JPM) and Wells Fargo (WFC) get us started this morning with expectations of around a 6% move on JPM and around an 8.5% move on BAC. The direction and magnitude of the movement may give an important indication where the next leg of the market is headed. With the large move last week, it makes you wonder if traders will sell the news no matter what.
April 14, 2019
DECLARATION FOR THE DAY:
I Am A Leader. I Don’t “Wait And See.”
Proactive To Finding A Solution To My Problems.
(Say this 3x times today)
How To Be A Leader People Want To Follow:
- Can you lead even when you’re fearful?
- Can you lead when things are uncertain?
The short answer is, YES! And my answer is, YOU MUST.
In times of crisis, people are looking for someone to listen to. A voice to follow. This is your time to step up and show the world you’re worth following.
April 14, 2018
Bill’s in Airdrie today getting ready for his banquet tonight!
I decided to ride downtown and pick up a car from Enterprise … my reason was … because Car2Go takes apparently several business days to verify one’s driver-licence information.
I need a vehicle today to pick up a few things this weekend that just cannot be safely carried on a bike… propane for the BBQ, a 75M coil of 12/2 wire for the upstairs bathroom, and for simple shopping. I was able to locate a much needed router, two with functioning USB_3.0 ports which I will be able to add to my growing home/business wireless network and surveillance system. As I plan to share with you all later, Enterprise is a great company to rent vehicles from!
Although the ride was actually twice as long as shown here; [the first half of my adventure unfortunately lost]; cycling into the downtown was really quick! Yes! Closing STRAVA without saving it correctly, and then restarting the second-half of the adventure, destroyed any recovery hopes of segment one.
I’ve added music to the ride for a bit of fun! [Turn the MUSIC ON…]