In this engaging episode of the Best Stocks Now Show, join professional money manager Bill Gundersen as he dives into the riveting world of stocks and cryptocurrencies in today’s thriving market. As Bitcoin soars past $100,000, Bill discusses its impact on traditional markets like the Dow and NASDAQ, prompting the question: is the current Bitcoin surge a repeat of past market bubbles? With references to historical economic events such as the NASDAQ dot-com crash, Bill offers listeners a wealth of insights into the dynamics of profit-taking and valuation metrics. Bill also takes a deep dive into various market analyses,
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
And welcome to the Thursday. It is the Thursday edition of the Bitcoin Bubble Show. It’s called the Best Stocks Now Show. Who cares about stocks anymore? Just buy Bitcoin. That’s the way it seems right now. We’ll talk about that today and a whole lot of other things. We’re seeing a little bit of profit-taking. This is Bill Gunderson, president of Gunderson Capital Management. We’re seeing some profit-taking. And we’re seeing a little bump higher, and the Dow is up 24 points. These days, though, at 45,000, from a percentage point of view, that works out to just 0.05% on the upside. The S&P is up 0.03%, and the NASDAQ is down 0.04%, I think if we call it kind of a flat profit-taking day in the market after yesterday. That’s probably the best way to sum it up. The Russell 2000 is down 0.28. But that doesn’t stop Bitcoin. Bitcoin right now, it was over 100,000 for the first time. It was up 7,000. This morning, as Donald Trump names a Bitcoin-friendly SEC chairman, and Bitcoin is currently trading at $103,362. which is a new all-time high. Why work? Let’s just buy Bitcoin. Dogecoin up 9.2%, too. We can’t forget Dogecoin. And the 10-year Treasury, who’s buying Treasuries anymore? You’ve got the 10 years at 4.21% right now. so welcome to today’s best stocks now show with professional money manager bill gunderson president of gunderson capital management and uh i’ve uh been a professional money manager since the year 2000 or actually 1999 somewhere 1998 i forget it’s been so long ago I’ve seen some massive bubbles in the market along the way. Up till now, the biggest bubble I ever saw was in the NASDAQ, the dot-com stocks of the year 2000. Everybody wanted in. And almost everybody got in and it didn’t end well. We found out that valuations on stocks do matter. Price to sales ratios of 112, peg ratios of 10 are not sustainable. It’s no different if you were to buy a donut shop. Would you pay a billion dollars for a donut shop in your town? Some of those companies didn’t have as much earnings as a local donut shop or a local dry cleaners. It was a massive bubble. And when it popped, it caused massive, the collateral damage was massive, a 79% drop in the NASDAQ, okay? And, you know, most of the money was crowded into the NASDAQ at that time. And that’s where people wanted to be. That’s where the growth was. We had a new thing called the Internet. And if you added .com to your name and had a website and started selling or giving advice or whatever the case may be on the internet, your stock zoomed higher. And if your stock split, it would zoom even higher. Wow, look at this. I got twice as many shares right now. And it went on and on and on and it didn’t end well. And I would say the question now, will this Bitcoin thing end well? Well, I’m going to weigh in on that in a little while here. I am a witness to a couple of massive bubbles in the market, and I’ll give my opinion on this current bubble. But we’ll go through some statistics here. First, we had a good day in the market yesterday. The Dow, the NASDAQ, the S&P all closed at an all-time high yesterday. And, of course, we are at very, very steep multiples in the market right now.
SPEAKER 05 :
How many times have you said that this year? A lot. I think we’re up to 54. I think it’s 54.
SPEAKER 03 :
Why don’t I just record myself? Why do I keep saying it? We had 45,014 on the Dow, new all-time high. We had on the S&P 6,086 new all-time high and the NASDAQ 19,735 new all-time high. The software stocks were absolutely on fire yesterday. That fire was lit. Yeah, Salesforce and Okta. And then you had kind of a low-level semiconductor stock, Marvell Technology, also heated up the chip stocks yesterday. And by the end of the day, you had new highs across the board. you had massive breakouts in a lot of stocks yesterday individual stocks and i sent out a lot of lessons yesterday i said look i like this stock this stock still makes sense from a valuation point of view It passes muster there. It passes muster from the performance point of view. I said, look at this chart, okay? To me, it’s extended. It’s very extended. That’s a dangerous spot to buy a stock when it is extended to the upside. So that would disqualify it for me, okay? uh and i’m trying uh my best during the day to send out as many really good examples of different concepts in the market that i deem to be very very important okay i know people that trade just on stock charts alone okay that’s all they do they don’t look at the fundamentals they don’t care about valuation And on the other hand, I know people that trade just on valuations. They look for intrinsic value that they think someday will be realized, and they’re willing to sit for a couple years, although that group is becoming a dying species.
SPEAKER 05 :
Yeah, that value trap. Well, yeah, I mean, holding on to IBM for 10 years to get that latest recent pop, while everything else is going up around you, just kind of, it’s a bit defeating, right?
SPEAKER 03 :
Yes. I mean, that’s all we need to see is some kind of hiccup, and you’re going to see some of these lofty valuations, you know, start to crumble. But for now, the market has momentum, okay? It does not lack momentum. I sent out a chart this morning. I said, what does momentum look like? And I sent out a chart of the NASDAQ. This is what momentum looks like. uh… and uh… eventually momentum uh… comes back down to earth so you also have to be very very careful uh… at a time like this so anyways we finished above forty five thousand yesterday on the dow for the first time i think we’ll probably get twenty thousand on the uh… nasdaq here eventually uh… and i’ve been saying that it’s just almost uh… inevitable that you’re going to get to a hundred thousand above hundred thousand on bitcoin Okay, now let’s just come back to earth for a minute before we talk about Bitcoin. Initial jobless claims, Barry, increased a little more than expected this past week, 224,000. That’s still very low, however. We still have a tight labor market. You’ve got to wonder how many teenagers, how many college kids, why flip burgers at McDonald’s when you can sit on the couch and watch your Bitcoin go up, right?
SPEAKER 05 :
I guess you’ve got to get a little money up front to seed your Bitcoin rise. But it’s been interesting. I mean, honestly, when you look at these, at least the two of the three reports we’re going to get on the jobs front, have been a little light. So you had the ADP report, I think, came in a little less than expected yesterday. You’ve had, I think, jobless claims still low. $224,000 isn’t scary. Consensus was $215,000. So it came in you know a little uh i guess a little barrett more bearish than expected and so um on that side you could probably you know call it uh good for the market because uh you know should keep uh potentially a lid on on rates and and of course when the fed meets next week they’ll have these numbers and you know likely to cut you know at least another quarter point and uh you kind of take it from there but
SPEAKER 03 :
When Bitcoin’s 103,000, does anybody care about a quarter point rate cut? I mean, it’s like, okay. It’s all going to be relevant, however, at some point in time. Today’s rally is brought to you by, in Bitcoin, the pro-crypto SEC, the new head. of that SEC named by Donald Trump, who is a big Bitcoin backer. His name is Paul Atkins. And let’s not forget the people that are showing up in Washington today to look at the budget of the U.S., Ram Swami and Elon Musk. They’re also very pro-Bitcoin. Now, when we come back, We’re going to just go over the history of Bitcoin, which began in 2008. Okay, and we’re going to go through some of these milestones, and then I’m just going to give you my very strong opinion, very strong opinion. of how I think it’s going to end up. Okay, so the timeline is very important. The more facts that we have, the better kind of analysis we can make. In the meantime, Cuba grid collapses, millions plunged into darkness, and the French government collapses. But Bitcoin’s at 103,000. We’ll be right back. And welcome back here to the second quarter of today’s Best Stocks Now show. On October 31st, 2008, Satoshi Nakamoto introduced Bitcoin to the world with a white paper. On January 3rd, 2009, several months later, Bitcoin’s first block was mined by Satoshi. Nine days later, the first Bitcoin transaction occurred between Satoshi and Hal Finney. The price of Bitcoin stood roughly at zero. Okay, 2009, zero. Here we are 2024, and we’re at 103,000. Go ahead, do the compound annual growth on Bitcoin. You can look that formula up on Google and apply it. Maybe I’ll do that after the show today, but it’s going to come out. It soundly beat the S&P 500, let’s say so. Okay.
SPEAKER 05 :
I saw an interesting chart. It was Bitcoin and NVIDIA, and NVIDIA was way at the bottom when you look at percentages.
SPEAKER 03 :
The first real-world Bitcoin transaction was on May 22, 2010, 14 years ago, when 10,000 Bitcoins were used to buy two pizzas. Well, what would 10,000 bitcoins buy you today? 10,000 bitcoins at 106 years. That’s like 10 million, okay, would buy you three mansions. It was still valued at less than one cent.
SPEAKER 05 :
Yeah, $100 million.
SPEAKER 03 :
Yeah, $100 million. Okay. On February 9th, 2011, Bitcoin reached $1. Let’s use that as a starting point, okay? $1 13 years ago to $103,000. On November 18th, 2012, it underwent its first halving, a process that reduces the number of new Bitcoins created per block by one half. Now we go to 2013, April Fool’s Day. I don’t know about that. That could just be bad karma there. Exceeded $100 for the first time. $100 11 years ago. Well, okay, then it started to pick up some steam because later that year, in November of 2013, Bitcoin hit $1,000, drawing attention from tech enthusiasts and investors. In February 24, 2014, Mt. Gox, the world’s largest Bitcoin exchange at that time, was hacked, sending Bitcoin back down to $400. And you just wonder how safe your Bitcoin is today. I can’t tell you that. Bitcoin had a second halving in 2016. Seven years ago, it hit 1,000 again. That would still be some astronomical compound annual growth if you started with 1,000 and grew it to 103,000 in seven years. Then in December 17, 2017, Bitcoin peaked at 20,000. And then you had, during the pandemic, a pandemic-induced market crash. Do you know it went from 20,000 down to 4,300? And it quickly recovered. Now, we haven’t seen any big sell-offs in Bitcoin here recently. But it went from $20,000 down. Imagine if we’re at almost $20,000 on the NASDAQ right now. Imagine in a couple of years it went down to $4,300. On May 11, 2020, now we’re getting up to current time, it went through its third halving. Companies like MicroStrategy and Square, which is Jack, the owner of Twitter. It used to be Twitter. Not Jack Frost. That’s my toes right now. Jack Dorsey began accumulating Bitcoin on their ballot. Now I’m seeing biotechs that don’t have any products. You know what they’re doing? They’re buying Bitcoin. On January 3rd, Bitcoin crossed $30,000 for the first time. On March 13th of 2021, it surpassed $60,000 following Tesla’s $1.5 billion investment. On January 10th, 2024, now we’re looking at this year, the U.S. Securities SEC approved nearly a dozen spot Bitcoin exchange traded funds, which were cleared for trading a day later. On April 19th, it went through its fourth halving, and today, actually it happened yesterday as we slept, Bitcoin hit $100,000 after President-elect Trump picks Paul Atkins, a crypto backer for the SEC chair. Well, everybody has their opinion on what’s going to become of Bitcoin eventually. Just as a guy who has studied bubbles, I mean, you go back to the Holland Tulip Bowl bubble, you go to the South Seas shipping out of the UK, you go to the NASDAQ bubble, there’s been many, many bubbles over the years. from my now first i’m going to tell you i do have a little position in it in an etf okay uh that’s just as a little part of my portfolio but i do believe that at some point in time I think this massive bubble is going to collapse. And, you know, the reason I say that, I’m just going to give you, you know, I really believe that man is meant to earn his money by the sweat of his brow. I mean, that was the first commandment to Adam coming out of the Garden of Eden. In the sweat of thy face thou shalt eat bread till thou return unto the ground. For out of it wast thou taken, dust thou art, and to dust thou shalt return. It’s a commandment from God to work. So to me, this is not a true principle. It’s not built on a solid foundation. And, you know, like, I think this is a bigger bubble than what we saw. At least the NASDAQ, there was something underneath it, Barry. Those companies had buildings and they had desks and chairs and computers. Yes, okay. I see nothing underneath it whatsoever, maybe sand. So in my humble opinion, and I almost hate to see Trump getting sucked into it because I just don’t think it’s going to end well. Now it could go to a million before that happens. But it’s just not built on true principles as far as I’m concerned. And I don’t see anything underneath it that supports it.
SPEAKER 05 :
In a sense, it’s a technology, right? And they’re competing. I mean, there’s a lot of different competing protocols. Because the deal is what’s the ultimate use of it, right? And it’s to make exchange around the world, right? Global payments, make things… be able to move money easier without intermediaries and big banks in between sucking up a lot of fees. But in reality, right, it’s truly a computer technology, right? It’s a software. I mean, you use Ethereum. It eats up tons of electricity to produce. So it’s a software program to a certain extent, right? You can break it down to that or a network of computers. Right.
SPEAKER 03 :
That’s my opinion on Bitcoin. It’s not going to end well. I can’t tell you when. It could go to a million. I don’t know. I’m surprised it’s gone this far. But now it seems to have more support than it’s ever had. But I just say to you, I wouldn’t put my whole IRA into Bitcoin. We’ll be right back. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 08 :
The second half of today’s Best Docs.
SPEAKER 03 :
This next story kind of flows right into what we just ended with. Robin Hood, CEO, 10F, keenly looking into sports betting. So there you go, Barry. You lay on the couch, watch your Bitcoin go up, and then go over to your Robinhood account and bet on whether or not he’s going to make that field goal or not, right?
SPEAKER 05 :
Yeah, then flip over, and then I don’t have to leave my couch, and I can watch the game, right?
SPEAKER 03 :
And while you’re there, go to DoorDash and have your meal delivered to you. It’s just not built on a solid foundation. All right, French government topples as Parliament votes to oust Prime Minister. There’s that. You know, their market is down 6% right now, and they’ve got big issues. They’re like us, more spending than what they’re taking in. Trump names Peter Navarro as Senior Trade Advisor. He’s from my neck of the woods in Southern California. He was a professor at UC Irvine. I’ve followed Peter Navarro for many years. I’ll say this, he’s a tough guy. He was put in prison. And now he’s out. And he wrote the book, Death by China, which he’s no friend of China. He’s not going to let China. Now he’s on the front lines with China. He’s the guy they’ve got to deal with, right?
SPEAKER 05 :
He knows the ins and outs. I mean, he’s in the know. And he’s got a bone to pick. Put that, yes.
SPEAKER 03 :
Taiwan semiconductor, NVIDIA, in talks to make AI chips at the Arizona plant. Well, you know, there was that law that Taiwan has that these chips can’t be built anywhere but Taiwan, but I guess maybe they’re trying to get around that. It would be nice. I mean, with China licking their chops at Taiwan, it would be nice to get those AI chips built somewhere else. In the meantime, OPEC, they’re just going to shut down. They’re not going to increase production of oil, likely for three months. It’s stuck at about $68 per barrel. They want to wait and see. uh what trump does whether he’s going to drill baby drill and which would drive down the price and increase the supply of oil here’s a biotech similar scientific they buy 303 additional bitcoins between november so you know you have business models now I mean, MicroStrategy, what is it? It’s nothing more than a company, really, that is buying Bitcoins. And you’re sitting there owning stock in this company, and it’s all based on Bitcoin.
SPEAKER 05 :
You essentially own their balance sheet.
SPEAKER 03 :
Yeah. Just imagine if this thing does start to crumble at some point, the impact that it would have. the ripple effect that it would have across the world reverberation across the world that’s how big and how much money is bitcoin sucking out of the real economy okay you know where there’s leverage involved i mean you take huge leverage and so why you know you look at say a micro strategy or why own you know micro strategy when you can own just uh say bitcoin outright right well
SPEAKER 05 :
MicroStrategy is borrowing to buy these Bitcoins. So it’s essentially, whether you want to call it margin or what, they’re using their capital structure to borrow here and buy more Bitcoin. Yes. It’s really a leverage play. Highly leveraged. And leverage works both ways, right?
SPEAKER 03 :
It works both ways. It magnifies returns. It also magnifies losses. Great shall be the fall thereof, right, when it falls at some point in time. Okay, talent, energy, they announced the $600 million. Of course, it takes a lot of energy. Let’s forget about artificial intelligence. I mean, we have artificial wealth here in this Bitcoin. It takes a lot of energy to mine these Bitcoins. I talked to a friend of mine, and he’s doing it in his basement, and his electric bill was $30,000 a month, which is just a cost of doing business. But Cuba’s grid is down. They’re in the dark, okay? Our grid, how much can our grid handle? electric cars bitcoin manufacturing artificial intelligence machines will there be enough left over to cook our food and heat our houses i don’t know g.e vernova wins a new bullet wolf as top proxy for accelerating electricity demand there you are all these stories kind of fit together like a glove right now.
SPEAKER 05 :
Yeah, AI and Bitcoin mining.
SPEAKER 03 :
I’m going to call Bitcoin AW. Bill Gunderson coined it. Artificial wealth. How long can it last? I don’t know. We’ll see. Have fun while it is in the bubble stage. GE Vernova. Now, that’s a real way. I mean, if you want to play the picks and shovels, You know, the truth of the matter was that the gold rush in Southern California, where do you think the San Francisco 49ers got their name? It was 1849 when everybody rushed to California to become gold. gold millionaires and who made most of the money levi strauss and the people that sold the the the picks and the shovels and eventually it crashed and people went home and they found out that they had to clear land and plant seeds and grow crops and buy tractors and hard work the dust by the sweat of their brow once again. But the electricity play is real. I really believe that. And GE Vernova is right in smack dab in the middle of it. It was spun off by GE Electric. Meta. Meta, we talked about yesterday, to build a $10 billion AI data center in Louisiana. And they’re going to work with Entergy for their energy needs. Well, Entergy is ETR. It’s a utility company. All of a sudden, utility companies are trading like artificial intelligence stocks. ETR hit a new all-time high. I wouldn’t say it’s another like Vistra or Constellation Energy, but here you’ve got Meta building a $10 billion AI data center, and Entergy is going to be the one providing the energy to them. Okay, North Carolina City sues Duke Energy over climate change. Okay, so one of these North Carolina cities got flooded during the hurricane, and they’re going to sue Duke Energy for creating this mess and climate change. We’ll see how that one goes in the courts. Applied materials slides on Morgan Stanley downgrade. Yeah, you know, I’m not a fan. I have noticed, however, though, that ASM lithography, If I were going to own one or two of the semiconductor equipment makers, the guys who make the equipment, you know, China and the rules against selling to China have really hurt this industry. It’s hurt the chip makers themselves, and it’s hurt the companies that make the equipment for making these chips. And, of course, it’s ASML that has kind of the patent, the lock, the corner on the market for making the really high-tech equipment for making the AI chips. But that stock has been kind of chilled here. It’s just been kind of going sideways here. in a $650 to $700 range, but that would be the one I would own if demand for semiconductors starts to pick up again. And lamb research obviously would be the other one. Applied materials definitely would not be one of the stocks that I own at the current time. Okay, now when we come back, we’re going to take a look underneath the surface. There’s a few others. Here’s one other one. I’ve been watching these quantum computing stocks, which are also part of this new age, golden age that we’re in, Bitcoin age. We won’t call it the golden age. We’ll call it the golden age or the Bitcoin age. ARKIT Quantum. ARKIT Quantum is one of the stocks that was a recipient, I think, of Amazon investments. They reported their earnings today or lack thereof. They had $100,000 in sales. $100,000 for the quarter. Most companies do that in a few hours, you know, the Chipotles of the world and the McDonald’s. This is for their whole quarter, and they lost $1.57 per share. So you’re totally out there buying a company that may someday… have sales and have earnings. In the interim, it’s down 17.3% today, ARQQ, as a little dose of reality sets in. While people were trading this thing, it went up to $32 after the Amazon news. And now today it’s $20. So it’s down 33% since it hit a high just three days ago. But, you know, the real, the bucket of cold water thrown in everybody’s faces. There’s no sales yet here. And there’s big losses. They’re burning through their balance sheet. Maybe they need to buy more Bitcoin. We’ll be right back.
SPEAKER 07 :
You gotta go where you wanna go Do what you wanna do with it
SPEAKER 03 :
And welcome back here to the final segment of today’s Best Stocks Now show. Okay, let’s look at some stocks here that are catching my eye here this morning. It’s hard to not see Tesla. breaking out here today to a new 52-week high. Tesla is up 3.5%. You’ve got Ramaswamy and Elon headed to Washington today, Perry. They’re going to go around just like, what, Hexeth has been going around, shaking hands with the Senators, trying to sell himself to the Senators. The Attorney General, Bondi, she’s been going around selling herself. Today, you’re going to have the richest man in the world wandering the halls of Congress along with Vivek. Reminds me of themselves.
SPEAKER 05 :
Remember the old downsizing days where the consultants come in, right? And, hey, what do you do? What do you do? And I think the whole movie was office space. But they’re coming in and Hey, what’s your job? Can we get rid of this? Can we get rid of that?
SPEAKER 03 :
How can we be efficient? Yes, okay. I wish them luck, the best of luck. But I’ve got to believe that has something to do with Tesla hitting a new all-time high. Not a new all-time high. The all-time high is 414. But it’s closing in. It’s at 370 right now.
SPEAKER 05 :
I forget it. I think it was one of the CEOs for, I think it was 3G Capital, which I believe was out of Brazil, if I’m not mistaken. But they partnered with Buffett years ago, I think on the craft deal and some other stuff. But their CEO had a saying that always got me was, uh expenses are like fingernails they always need to be trimmed and you know i think i think you know when you you take uh you know government budgets and bloating right i mean usually that you know i don’t know how often that budget goes down usually you know likely just goes up every year and there are some years certainly over the last 20 25 years where it needed to go the other direction and you know now it’s time for the for the pain to get there i guess
SPEAKER 03 :
Well, I heard a statistic, I think it was last night on the news, that while the size of our population has grown by 2% to 3%, government spending has grown by 53%. So there you go. Okay. So look, revenue comes from the population. If you’re growing your population by 2%, your revenue, unless the economy, yes, you get some growth out of the economy, but your revenue is not growing by 53%. It’s growing in low single digits while the spending, I mean, that’s just not sustainable. There’s another thing for me like Bitcoin that’s not built on a true principle. And eventually, you know, true principles eventually went out. And these false notions and ideas, they don’t end up well. And you could see inflation like nothing we’ve ever seen before if we’re not careful here. So anyways, you’ve got to build on sound principles with truth behind them. Okay, let’s take a look at the… There’s not much happening in the Dow. The one that catches my eye on the Dow is UnitedHealthcare, which is a very strange story. Now they’re finding that there were words engraved on those bullets. And, of course, I mean, they have the video of him walking up right behind him with a long pistol or a gun of some sort and killing him. And then going off, they got his iPhone, and they’ve got, like, a wrapper from some snacks he was eating. So I would think they’d get plenty of DNA or fingerprints. But what in the world is behind that? That is one weird story.
SPEAKER 04 :
On the bullet casings, too? I don’t know if you said that.
SPEAKER 03 :
Yes, on the bullet casings. Deny, deflect, defend, I think. Really strange. Now, okay, so the Dow, that’s the one that catches my eye on the Dow. Salesforce, which kind of set off the huge rally yesterday, is pulling back a little bit. It’s down 2% today. Now, if we go to the S&P 500 today, let’s see what’s moving. It’s definitely a profit-taking day. American Airlines is up 13.3%. Maybe they’re buying more Bitcoin. I don’t know. But they’re up 13.3%. Brown Foreman which is alcohol up 9.9. Tesla. Tesla is probably the one of note there today. It’s up 3.5% there today and that’s a breakout on Tesla and for some reason the airlines are up today. There’s got to be a reason. There’s got to be a new transportation secretary. Something is out there on the airline stocks. I’m not a fan of the airline stocks. On the downside, you’ve got a chip stock getting hit pretty hard, Synopsys. which makes software to design chips, Synopsys is down 11.8%, and that’s bringing down the chip stocks. Cadence is down 4.3%, Intel is down 3.7%, and other applied materials is down 3.5%, LAM Research is down 3.5%. So the chip stocks are, which had a pretty good day yesterday because of Marvell technology. Okay, and then we go to the NASDAQ, and we’re seeing the same thing in the NASDAQ pretty much. American Airlines is the big winner in the NASDAQ today. Tesla number two. Up 3.5% at the bottom of the heap. Synopsis, cadence, mostly semiconductor stocks. Okay, well, we’re adding people every day. I’m having so much fun teaching these classes every day. You know, some days are more active than others. It depends on the market. I would suspect today will be a little quieter than yesterday, but we did a lot of stuff yesterday, and I try to always explain things, and I always say, look, this stock we’re buying is an investment. It’s in our portfolios. The other ones that are in the incubator account are more trades, and I identify which are which, and I’m trying to teach buying and selling and when and where and how. Well, you try to give the reasons why. Yeah, exactly.
SPEAKER 05 :
You give the reasons why versus a lot of these services, it’s, hey, buy this.
SPEAKER 03 :
Yes, and I always involve a chart, you know, so it’s not like, trust me, just trust me. No, you make your own decision. I’m just telling you what I’ve observed over the years and what I see right now and why I like it and this and that. And then they ask me, Are you going to let us know when you sell? Well, of course I am, okay? That sometimes is harder than anything else. And I did make a big sell yesterday.
SPEAKER 05 :
Buying is way more fun, right?
SPEAKER 03 :
Yes, anybody can buy. But we did sell a position yesterday for a 9.8% loss, okay? And there’s a lesson there also. Four free weeks of a master class on buying and selling in the market from a guy who’s been doing it for 25 years. Just paper trade along. That’s all. Learn. Observe. Go to GundersenCapital.com. You say, no, I’m going to let someone else do it for me. 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 01 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIBC and FINRA.
