Power Plays Update: Trim TSLA & META
December 10, 2024
By Scott Redler
TSLA has had a nice move from when we added it at $344.81, and it's actually accelerating way faster than I expected. Not that I'm complaining!
We'll take off another 1/3 here, leaving us with 1/3.
We'll also trim 1/2 of Meta (META), leaving us with 1/2.
Plus, we should quickly discuss Bitcoin and iShares Bitcoin Trust ETF (IBIT).
Bitcoin's big move to $104K+ was sold fast, and it may need to catch its breath before it can accelerate back up with authority.
As for IBIT, the longer it stays above $55.50, the better.
-Scott
Scott Redler Positions Disclosure as of 2024-12-10 at 10.17.19 AM