WATCH THIS BEFORE BITCOIN DROPS BELOW $60,000...
These notes were generated by AI and may contain inaccuracies.
It's Ricky with Tackle Solutions on February 23rd. Updates on companies reporting earnings today. Inverse ETF MSTZ (shorting MSTR) is up as MSTR sells off with Bitcoin news. Bitcoin broke below $63,000 today. Ricky doesn't trade Bitcoin or crypto. MSTR is a proxy for Bitcoin price, calls itself a Bitcoin treasury company, software company losing $500 million a year, issues debt at 0% interest to buy Bitcoin. Down almost $10 billion on Bitcoin holdings after buying for 5-10 years. Michael Saylor finding out dollar cost averaging into speculative Bitcoin isn't worth it. MSTR down 82% as Bitcoin tumbles, MSTZ up, cleared over $10K on the day. Open position of 2,500 shares of MSTZ, light position in case Bitcoin recovers. Will trade more tomorrow in live trading session (second link below).
Focus on HIMS after earnings. Ricky has called out HIMS as overvalued many times, doesn't believe in it but open to change. EPS at 8 cents vs expected 3 cents, revenue miss by $2 million. Sold off 7-8% initially, recovered, then down to $14 support. Called HIMS overvalued at highs of $60-70 per share. Only call that hasn't sold off is Tesla due to Elon Musk effect; Tesla no longer growing as a business. Other calls: PLTR, AMC, GameStop, MSTR, OPN pumped then dropped 50%. HIMS from $60-70 to $15, now down additional 8-9% to $14 lows post-earnings.
PE ratio down (before 8-9% drop), paying less premium. Net income $133 million. Growth 2% from Q3 to Q4. Year-over-year rapid growth but quarter-to-quarter slowing. 2026 guidance lower for consumer products, possible lack of growth, suggesting HIMS peaked. No investor wants non-growing business. Investing means buying ownership in growing business at good deal for growth potential. If growth peaks/plateaus, proactive investors take profits ahead of retracement. HIMS already retraced 78% from $60 to $14. Sentiment/momentum drives irrational valuations; when it turns, speculative companies fall quickly.
Value play possible if oversold and revenue maintains, now cheaper without huge premium. Risk tolerance substantial; 78% drop but can go to $7 or delist—no bottom. Dropped 8-9% after-hours on misses, but opportunities for high risk appetite investors seeing value.
FedEx sued US for full refund on emergency tariffs; Costco and others followed. Trump administration: no refunds, court for 5 years. Tariffs voted illegal; respect Supreme Court if following law—can't be hypocrites.
Bitcoin down 50%, Ethereum 62%, XRP 56%, BNB 57%, Link 66%, Solana 68%, ADA 70%, OP 85%, low caps 90%. Bitcoin not digital gold; speculative assets dumped first before gold/indices. NASDAQ, QQQ, S&P 500, SPY down 2-5%. Bitcoin below $63,000. Ethereum CEO/founder dumped $21 million Ethereum past month. Joke: Trump executive order zero capital gains tax on Bitcoin this year—no gains.
NASDAQ testing 600 support. Tomorrow's live trading careful on shorts unless Bitcoin falls more—short MSTR. Markets more bullish than bearish, testing support then recover to 630-640. Shorting oversold levels risky. Markets always one tweet from all-time highs. Uncertainties: Trump tariffs, Iran-US tension. When in doubt, cash out riskier trades like shorts. Live trading second link below, Investing Pro first link. End year green.
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