The Heretic Speculator October Month-End Newsletter
All that glitters ain't Gold. Apparently Gold isn't Gold anymore either so I guess we have to change the idiom. All that glitters ain't the dollar milkshake theory.
Happy Halloween! What an end to a wild month. I’m planning to steal at least 7 candy bars from my daughter after trick or treating this evening. While the peanut butter cups are my personal favorite, they are near the top of her list as well and as such will be much more difficult to siphon without causing a revolution at the Faybomb estate. Current power rankings sans peanut butter cups:
Milky Way
Twix
100 Grand
Kit Kat
Almond Joy
One of each would be delightful but when you’re taking part in a heist of this kind, you can’t be as picky as you might be when options are without limit.
A Short Story
I’ve adapted these month-end newsletters this year and one thing that I used to do that I haven’t done in recent months is share the titles and hooks for my Seeking Alpha pieces throughout the month. It was easier to do that when I was only writing 5 or 6 articles per month. This month was the most productive month I’ve ever had on Seeking Alpha both by revenue and by articles (probably a cause and effect there). In October, I published 13 public Seeking Alpha articles. This is in addition to the 15 articles I wrote for BlockChain Reaction subscribers - another personal monthly best. I also wrote 6 subscriber-only posts right here at Heretic Speculator - a 100% increase over September.
Despite the level of production over last few months, there is actually something that I did for the first time ever on Friday; I tagged a stock a “short idea.” I’ve never done that before on Seeking Alpha. I’ll call things “sells” fairly regularly. Shorting is different. Shorting is an aggressive sell call. Curious about what that article was about? It was Argo Blockchain. This morning, Argo released some pretty unfortunate (but expected) news. The company isn’t getting a capital raise that it needs and has been forced to liquidate brand new machines for dimes on the dollar. The reaction to that news has been swift and painful:
At one point today, the common shares were down more than 50% and the baby bond shares closed down about 72%. The company appears to be going bust. Trust me when I tell you that I get no pleasure out of getting that call correct. My only regret is not getting the short note written a day earlier - doing so could have given investors time to actually get out. But this is the benefit of joining Blockchain Reaction if you are serious about your crypto investment journey. I had been talking with those subscribers about the problems at Argo for weeks and they knew where I stood on it long before my short report Friday.
Streaming War Game Theory
For those of you who read my last Trade Idea, this might not come as a shock…
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