[vc_section][vc_row][vc_column][vc_column_text]A few days ago, hedge-fund billionaire, David Tepper, founder of Appaloosa Management, famous for saying in 2010, “What, I’m going to say, ‘No Fed, I disagree with you, I don’t want to be long equities?’” and who just purchased the NFL team Carolina Panthers, for $2.3B, made news because his hedge-fund outperformed the index by 600% this year.
Thus far, the fund is up 7%.
As you observed last week, when the timing is right and there’s seller exhaustion, we can book 25% gains in three days, not 7% in four months, while paying his mafia-like fees of 2% on managed money and 25% on the gains![/vc_column_text][vc_single_image image=”17028″ img_size=”full” alignment=”center”][vc_column_text]From Monday to Wednesday, backed by the fact that Wealth Minerals just announced a CAD$1.10 financing, the floor was set for a rally. ByWednesday, shares went from CAD$1.08 (the 52-week low) to CAD$1.34, a 25% move.
But, the stock closed the week at CAD$1.12.
The lesson here is that, in 2018, short-term strength must be taken advantage of.
I also want to encourage you to take profits on Portfolio Wealth Global’s longest-standing position from early 2017, Vericel Corp. (NASDAQ: VCEL):[/vc_column_text][vc_single_image image=”17029″ img_size=”full” alignment=”center”][vc_column_text]Shares of our biggest winner ever, outside of our cryptocurrency portfolio, which made some of you tens of thousands of dollars last year, especially with DASH multiplying by 20 after our alert, have skyrocketed.
As you know, Vericel, which was our genetics play, specializes on sports medicine.
We couldn’t be more pleased with the growth plan the company has pursued. They attacked the market, building a stellar operation out of their headquarters in Massachusetts. This play was based on the spin-off from Sanofi and the appointment of Nick Colangelo as CEO, and it worked out better than we could have imagined.
Portfolio Wealth Global is also looking into new tech companies to cover!
I might be early to sell Vericel, but it was a $2.90 stock when we identified it, and it’s trading over $14 today, which tells me that we need to protect the gains.
On top of this, our staff has found another tremendous, technically analyzed play, which has dropped by nearly 50% since the 1st of January.
Take a look:[/vc_column_text][vc_single_image image=”17027″ img_size=”full” alignment=”center”][vc_column_text]As Warren Buffett says, “You’d be better-off just going to the movies,” because this company has seen severe sell-offs, which make it highly attractive for a bounce.
What I really love about it is that it just announced two major acquisitions, which will act as a catalyst.
I plan to watch the trading pattern at every hour this week, and we will be on the lookout for critical technical support before alerting.
Another key technical level to watch is the USD’s overbought RSI condition.
It is critical to note that “gold bugs” have completely ditched the ship, with coin and bar sales decimated.
I’ve called 15 dealers since the 3rd of May, and they are all reporting gruesome interest in silver and gold.[/vc_column_text][vc_single_image image=”17025″ img_size=”full” alignment=”center”][vc_column_text]
Courtesy: U.S. Global Investors
At the same time, institutional money, the billionaires, who employ hundreds of skilled analysts, as well as quants, to improve their trading results, are positioning.
It will be an interesting week, as we watch how the USD reacts to the buying frenzy it has enjoyed.[/vc_column_text][vc_column_text]Best Regards,
Research Partner, PortfolioWealthGlobal.com[/vc_column_text][/vc_column][/vc_row][/vc_section]