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DISCLAIMER: All of ZipTrader, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
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DISCLAIMER: All of ZipTrader, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe.
Okay, folks who loves this market? The small caps are running like they got a rocket up their rear. so we got to give an update on plays, including one that hit our price target today and then for the main entree. We need to talk sheep on Saturday. We talked about how if Shibe manages to hold the retaining formation that it did prior to the previous explosion, that that would be incredibly bullish and likely lead to the next detonation.
and so far it has been retaining that value quite well. But as we're in this testing period for the sheep, it's time that we talk about what are the odds that this goes to a penny, what needs to happen for that to happen, and what are my projections practically on how high this can go. I also want to talk about what price point would be a good deal for the sheep, and the only thing that I ask in return for all this is that you hit that ravishing like button And also don't forget to subscribe either. Okay, let's go ahead and start with some updates.
So we did get a bit of a win today with Ocgn on the 26th. We talked about how their approval got delayed and how it's already shown proof of concept to be able to pre-anticipatory run up to approvals. and since our video on the 26 Ocg has satisfied our goals going from 9 to 14 5 on the speculation of pending approval. now we still don't have the decision out yet at least not when I shot this video.
and my thought process is quite frankly, I'm very, very satisfied with this run. I know that people say if you can't catch all the run, you might as well not catch any of it, but that's just not my mindset right now. What I'm looking at with Ocg is that risk management and taking profits off the table is the right move. Starting to play a little bit more with the house's money as you go into the actual catalyst is the best idea because I don't see the hype withstanding very far after the decision is made.
Even if it's a good decision, the next big catalyst with Ocg will be the eventual Fda approval. And that's when we're going to start making another argument for it as a trade. Okay, so fly so far. Hit our zip trader you price Target this morning at 22.
Admittedly, I did set a pretty damn conservative price target on this one, and we're kind of in this weird spot where it's hit the price target, but we're also nine days away from earnings, which makes it very, very difficult for me to upgrade it because we don't have any new information. Selfie is a stock that is an A8 plus rating in my conviction list, and it's not one that I expected to hit the price target this quickly. I expected to have at least one more earnings date. I think that if you're looking at this company and what they're doing right now, 22 dollars might be a fair selling point, but when you start looking a little bit farther out, you start factoring in the bank charter approval and the student loan freezes ending in February of next year.
Well, you're looking at Q2 Q3, Q4 of 2022, revenue ballooning in 2023, really taking off as they start launching a large suite of products. I think that if you consider all of that and their massive massive member growth, even though everybody and their mother is trying to get into the personal finance space, I would argue that this has a lot more room to grow and a lot of the best events and catalyst are ahead for the stock. I'm not going to upgrade it from 22 yet until we get the earnings, because I want to give it an actual price target based on numbers. but I would gander, especially considering their guidance, which is probably going to be the biggest part of this earnings date. How would Gander get very, very close to being north of 30. Fousey. Quite the doozy! So Friday morning I had briefed on this because it was seeing hype inflows in relation to the Facebook meta decision. Woozy makes augmented reality glasses and that was of course a hype sector on Friday and continuing on Monday.
But anyways, hype had died off after that pre-market briefing on Friday, and then all of a sudden out of nowhere it goes parabolic. today. I'm kicking myself for not seeing this one coming this morning because the setup was so strong last week. I was right on the setup, wrong on the time frame, but that's kind of how it goes.
Woozy in my view, is still undervalued. I just think that it's running on hype right now instead of actual value, but in the long run it should run on value. Yesterday we talked about how Clean Energy Conferences would shine a positive light on companies like Plug and F Cell that has stayed strong so far. Plug specifically is following its anticipated breakout that it's been on for weeks, and F Cell did very, very well today.
However, remember, the spending proposal includes substantial funding for climate change and sustainability, and until that passes, you still have a pending catalyst, which is why I still like the clean Energy sector, and I think that there's a lot of value in a lot of these stocks. Speaking of energy, let's go over to Chargepoint. We hammered Chargepoint as a buy as it hit historical lows just a few weeks back. It's now continued to recover and hitting over 26 at highs right now.
We're definitely in an environment where you're seeing a lot of boats rise with rising tides, but it's during the low tide periods, which were frequent this year that we put in a ton of work to find boats that weren't going to sink when the tides come back, but rather would prosper. but I would still argue that there is more room to grow if you are patient. Lastly, for updates more a lovely Mara breaking out into new all-time highs. She was being a little dirty tease.
I know, shocking for Maura, right, but she was being a dirty little tease a couple weeks back when Bitcoin is breaking out into new highs and Maura's like, nope, nope, we're not going to do that. But today she finally did, making all that teasing worthwhile. Ever since Mara broke into the 50s, we've had a lot of people saying charlie, you're creating a ton of bag holders by not telling people to sell her. Now she's not going to go up any higher and if Bitcoin goes down, she's going to go to five dollars a share. Respectfully, folks should do 100 what their due diligence tells them to do, but if you want to know my opinion, I showed my numbers on how much value I believe that Mara is going to be able to create via mine bitcoins in upcoming years and presented a bull and beer price target. I see this as earning a price at 93.75 in the bowl case and 67.50 in the bear case. If Bitcoin sells off and Mars valuations tank, who cares. That's an opportunity for Mara to accumulate a lot more bitcoin at lower difficulty levels because the network competitiveness will go down.
Okay, the Holy sheep, folks! So full context on my sheep thought process timeline we presented on the Sheave at around the four Zeros and 20 mark back on October 6th. I compared and contrasted the tech behind it and some advantages. For example, you can host applications on its network, the psychological factor of being able to buy a ton of tokens with relatively small amounts of Usd the staking model, all of which I said at the time, contributes to it having more staying power than maybe a lot of people would think. But I think that in totality, those are a few different advantages that Shebacoin has.
and I would not be surprised if it sticks around for a lot longer than people expect. But throughout its development, I've also warned repeatedly that hey, this is basically a gamble play, because it's following attention, but because of the retaining power that we saw after that first October rally started cooling off, and because of the current retention that we were seeing at the present, and because we're seeing a setup with consistently growing retail interest despite it not breaking out into new highs for a few days. Well, quite simply, I've gotten more excited about the setup. I don't think that it's now a surefire bet because it's retained value.
Of course, it's still a setup that runs up on attention, but I would argue that a lot of the attention is down the road. Still, we are still seeing more and more people learn about the sheep, the barriers of retail adoption continue to be broken down, despite whether current rumors are or aren't true. I recently ran the numbers on how much adding Shiba to Robin Hood would rally up the market cap if it was similar to Doge's trajectory, and I'd probably say somewhere between 5 and 16 billion added onto market cap based on the average amount that the hood investor puts in how many sellers are available to fulfill the buys and so on and so forth. It's a large range because we don't know exactly the market condition that that buying pressure is going into or how many people are actually going to be putting in how much amount of capital. They've also been under scrutiny from the Sec and other government agencies basically all year and listing something and allowing their customers to trade something that could massively massively dump shortly after they list it could become a much, much bigger problem. But if this actually holds your attention and holds value, Robinhood may look at this and say okay, well, hey, wait a second. This isn't just a random pump and up. this is something that's actually holding a little bit more.
It's a legitimate currency that's trading similar and retention to other currencies. It's just priced at a very, very, very low number per token. You have more signs of free Pr and some loose utilization. Chronos became the first publicly traded company to add chiba Enu as an additional crypto payment option.
Amc ran a vote asking if they should accept the sheep, at which case 81 percent so far have said yes for sure. Ooga Booga! You look at the trend of content talking about the sheep. Every 20 minutes you see another video pop up on Youtube that gets tens of thousands or even hundreds of thousands of views. This has not only been going on the last few weeks, but it's been getting hotter.
You're at new peaks of speculation that we've seen with a lot of different asset classes and a lot of different individual assets this year, But what sets this one apart is the speed at which it developed. I would argue that most retail traders that are in the demographic of buying this haven't put all the capital that they're willing to put into this into it yet. I think that a sizeable chunk of them haven't heard of it yet, and another sizeable chunk are just sidelining their dove because they're like, oh, I'm not sure if I like this yet. And quite simply, while it does smell like a breath, it doesn't smell like the end of a cycle.
I think that a lot of these people need to see retention and then a lot of other people need to see it break out from levels of retention. At which case they'd be buying in until you start getting the Fomo crowd buying in and getting it up to new heights. Now, what needs to happen for this to go to a penny? Well, it needs to go up about 140 times. Of course, if it went up 140 times, the market cap would also have to go up 140 times, which would leave it at a market cap at 5.4 trillion dollars 5x that of Bitcoin, and even more than Ethereum, which it's hosted on.
Actually, even more than the entire combined market cap of crypto. However, you see market cap can be very, very misleading, and it does have the weakness of being open to short-term spoofs in the short term. What is market cap? Well, it's the market price times supply. However, the market price is based on how many buyers and sellers are available at any given time. If there's a massive reduction in sellers and a massive increase in buyers, the market price can skyrocket to a point that may not be sustainable per se, but could in the short term get two levels that are insane Market cap wise, but it's actually just rallying until sellers catch up with that demand. A lot of people look at market Cap. they're like, oh no, this is how much money is in it. No, that's how much money is represented by the market price and the number of supply.
So if you want to have a higher chance of this going to a penny or a tenth of a penny, based on this dynamic, you have to have three things being true. Number one: you need to let some time pass and see more and more consistent level of adoption from retail, at which case, you get huge, huge, huge hype rallies that tend to increase buyers at such an insane rate that supply just isn't there and you force the exchanges to run out of liquidity. Number two: you need to see a dramatic extension of holding time. the more holders of Shiba, and the more the fan base grows, the more the supply is effectively limited.
If you have a massive, massive supply, but everybody is just holding it, then it's very, very, very difficult for new buyers to find supply. At which case, the more buying demand that comes in, the more it bids up the price and the more it bids up the price. the more buying power comes in from flowmowers, which then creates a self-fulfilling prophecy and a short-term blip that's insanely high. Of course, economic theory dictates that the higher it goes, the more sellers are incentivized to sell, and the more they come in to reduce that increase in price and make it more efficient.
But if it all happens so very, very very quickly and there's a large percentage of people that just buy and hotel, it makes it very, very likely that you get a short-term blip. That's insane, of course. Overall, and over time, if you get more and more holders and this becomes a legacy coin, then you get a dynamic where it's actually holding value over the long run instead of just the short term. But if we're going to make the argument for a short term tenth of a penny or a penny, you have to look at it from the standpoint of restricting supply massively at a time where demand comes in massively.
And lastly, number Three, Obviously, more continued burning of tokens would be very, very helpful. Now again, I'm not saying that a penny or a tenth of a penny is something that's very, very practical to aim for. but if you really think about it, the market dynamics dictate that you could definitely have those elevated prices, even if it can't withstand a market cap that is so ridiculous as five trillion. My projection here is, we need to see this retain value.
Maybe it needs to find support in the four zero and sixes, or Four zero and high fives, but then once that settles in, you give it another 13 14, 15 days. I explained my time reasoning in Saturday's video. Well, then once that sets in, you need something to like the match to send off another parabolic rally. The retaining value stage is so, so crucial because people look at the retaining value and they say, okay, wait, if it's retaining value, that means this isn't just a pump and dump that's going to die tomorrow. If it's retaining value, that means that, hey, when the next catalyst comes, it might make sense to buy. And then when you get to a new high foamers, look at the previous retaining and value and they say, okay, well, wait a second. Hey, at least that's the last level of support. So I'm not going to lose 99 of my investment.
Obviously, they still could lose 99 of their investment. But that psychological retaining of value sets the stage for a higher level of retaining value after the next pump, which people are more likely to buy into. And I think that you look at the attention trajectory of Shiba Inu, you look at potential catalysts like robinhood inclusion, and you look at the continued mainstream coverage of it all across Youtube, all across the Main street, Corporate media everywhere, and a lot of that attention is going to be converted into capital. Come the Next rally.
Yes, this is a speculative analysis. Yes, it's based on retail attention. Yes, all of those things don't make it on par with like a high conviction stock like charge point or palantir or whatever. but they trade on different dynamics.
This is a short-term trade that's based on speculative capital, others are longer term trades based on under pricing. Practically speaking, if this is something that you want to play and you want to take on that risk, I would argue waiting to dip by during the lower end of the retaining stage is key. Anyways, that caps off the video. If you have any questions, feel free to reach out to us below or join us on Ziptrader Circle if you'd like to learn how to trade.
With our private chat, our daily morning briefings, as well as our step-by-step lessons where we will walk you through everything that you need to know in order to learn how to better trade and manage your account in the stock of market. Well, we'll go ahead and put a link to Zip Trader you below. This is not the type of course where you can buy it and get away without doing any work. This is something where you're expected to put a ton of work in and effort to get any sort of result.
When I buy something, you better bet that I get every single dollar worth out of it and I expect the same from you Anyways, have a good one and I'll see you in the next video.
This didn’t age well at all.
So much better at a 1.25 playback speed lol
The value retention is a huge factor! Thanks for pointing that out. Go shib!! DYOR
There's 100 trillion "dollars" in circulation, theres 549 Trillion shib coins. How is it suppose to grow to that with that kind of math?
Charli is not a good source y’all gotta stop watching him it hurts I liked him too but he’s actually terrible
Poor people invest in shib 😂 and if your hoping it hits 1cent you will probably be dead before that
If shiba goes to .01 it’s market cap will be greater than Japans GDP. Who ranks 3rd in the world for GDP behind China and USA. This is very unlikely to happen.
Won't happen but its okay to dream I guess.
The exchanges and whales are buying the dips to burn 🔥 off excess tokens to increase their wealth and I am following suit with $200-400 purchases every two weeks as that's my max I can personally put in. Now just waiting for the big players to burn 🔥 and then we can capilize on them. Hodl buy the dips and prepare for the big 🔥.
LETS MAKE Millions boyz and girlz
The price is dropping a lot.
Vuzu teaming up with meta verse 🤔
All these financial so call Analysts couldn’t pick a winner of a one horse race…they are so off..
Floki?
…What happened??
NFTs also utilize Shiba and therefore burns some coins each time an NFT is purchased. This means the holders will benefit from limited supply and decreasing supply, and gives a chance for it to viably go to 0.01 maybe in the next few years, possibly in a year or less. 🙂 I'm holding 75M shiba… good luck everyone!
Shiba Inu, along with a bunch of others, are going to see massive buys and massive run ups immediately after MOASS. Bet.
Dodgelon !
This is the first time I believe that a meme coin is going to give us some unexpected records in the following months
SHIB is garbage. Invest in projects that are undervalued, have good tech, and not an erc20 dog token
Boss Token 5000x potential,, forget shiba its already in top 10
Avis CAR rockstar 💪
I've got a hundred million coins and sheep and I ain't selling to over a penny baby. Also 6,000 shares of AMC $9.40 average been into January Holden till the mother of all short squeezes
Nice video! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, experts Mrs Grace
Charlie why are you pumping this shit coin? You are so above this. Wake up!
Opinions on chegg today ???
WHAT ARE YOUR THOUGHTS ON WHAT'S NEXT FOR SHIB?