Chat Highlights – A Good Time To Max Out Bitcoin Allocation

Summary

  • Aemetis experienced a significant volume spike last week.
  • Selling pressure on Bitcoin post-halving is decreasing, signaling a potential buying opportunity.
  • Block, Inc. is in a consolidation pattern, with potential positive outcomes if a recession is avoided in the next few years.

Each week we publish a summary of a few of the articles, topics and ideas found in the MoSI chat. We encourage you to visit chat to read about updates to our investments, share ideas, and ask questions. What follows are a few of the conversation threads from this past week and links to some videos and articles. Join us in the chat.

Aemetis’ volume spike last Friday

Kirk Spano Jun 29

So, big (AMTX) volume spike at end of day Friday. That was not a one time buy. It was accumulated buys throughout the day, and maybe all week, that got reported at the end of day. The market maker was required to sell those shares to IWM and others. There are special exceptions to reporting on such things. I suspect, don’t know, just suspect, that Aemetis issues some ATM shares to the indexes to raise some money, and the rest is borne by the market maker. So, whatever the market maker sold, he now has to go out and get. That would mean quite a bit of pressure on short sellers. We’ll see how it plays out.

Bitcoin selling pressure abating

Kirk Spano Jun 30

(IBIT) Bitcoin is seeing selling pressure post halving abate. That is usually a buy signal. I suggest maxing out your Bitcoin position now.

https://cointelegraph.com/news/bitcoin-miner-sell-pressure-weakening-btc-withdrawals

Block, Inc. in a consolidation pattern

(SQ) is also in a consolidation pattern. If we sidestep a recession for a couple more years, which seems likely even if we have the periodic one quarter slowdowns that I have talked about over the years, the combination of small business, ecommerce and Bitcoin should bode well for SQ.

#SQ Weekly Chart

Kirk’s piece in Permian Basin Mag

PBOG July 24Freedom from OPEC Starts by Investing in the Permian

Kirk’s webinars posted this week

Links to some of the articles posted in chat this past week

Abel Avellan, AST Spacemobile Investment Reports

AST SpaceMobile CEO Publishes Letter to Partners, Shareholders, and Future Space-Based Cellular Broadband Network Users

Enovix to Hold Grand Opening of Malaysia Factory on August 8, 2024 | Enovix

Operators Making Waves In Wake Of Recent Megadeals In Permian Basin M&A | Editors Choice | Magazine

$1.00 RNG Motor Fuel Tax Credit Bill Introduced in U.S. Senate

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Theresa

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