Signs of a market top Part 1: Looks like a topping market to me–see TSLA, DASH, ABNB, AI for evidence

Signs of a market top Part 1: Looks like a topping market to me–see TSLA, DASH, ABNB, AI for evidence

I see all the signs of a market that’s moved beyond enthusiasm to excess. This stage in a market is called many things. A market melt. Forming a top. You get the idea. We won’t, of course, know if the current levels constitute a top until we get a sustained downturn. And waiting for that confirming downturn can take a while and be very painful if you’ve tried to time the turn with shorts or Put Options and turn out to have been early. The topping process can go on for a while.

Taking my 200% gain in Kensington/QuantumScape today and selling this position

Taking my 200% gain in Kensington/QuantumScape today and selling this position

Shares of what was once Kensington Capital Acquisition (KCAC) and is now QuantumScape (QS) are up 203.3.7% since I bought Kensington back on October 13, 2020 in my Volatility Portfolio. But Quantumscape isn’t planning to have its solid state lithium ion battery in production until 2024. And most investors don’t understand the wave of dilution that’s about to hit the now public shares of QuantumScape. So I’ll be taking my profits tomorrow.

Taking my 200% gain in Kensington/QuantumScape today and selling this position

Cast your vote today for the Kensington merger

If you bought shares of Kensington Capital Acquisition (KCAC) along with me on October 13, you’re received a solicitation for a proxy vote to approve the reverse merger of Kensington with privately held QuantumScape, a startup solid state lithium battery company. The merger wis a way for Quantumscape to go public. (Kensington was the 14th and last pick in my Special Report: 10 Stocks for the Post-Coronavirus economy. Kensington has called a special meeting for shareholders for November 25 to approve the merger. You can vote online to 11:59 p.m. tonight. I plan to vote in favor of the merger, since that’s the whole reason for owning shares of Kensington.

Buying MGM Puts on today’s bounce: Prologue to my Special Report My Special Report “Your Investing Guide for the Next Six Dangerous Stock Market Months” with 10 investment moves for a crazy, crazy market.

Buying MGM Puts on today’s bounce: Prologue to my Special Report My Special Report “Your Investing Guide for the Next Six Dangerous Stock Market Months” with 10 investment moves for a crazy, crazy market.

I'm not waiting until I post all of my newest Special Report: "Your Investing Guide for the Next Six Dangerous Stock Market Months with 10 investment moves for a crazy, crazy market" to make this buy on the MGM Resorts International (MGM) Puts with a strike price of...