Musings On Markets: April 2021
In June 2017, I presented a different approach to valuing companies like Uber, that derive their value from users, subcribers or members. A close over $8 would be very bullish and I think DRYS would retest the June 2009 high of $8.64. Properly constructed seasonal patterns may typically help one find trends that have recurred in the same direction during the same period of time most years with a high degree of past reliability. Resistance is located at Thursday's high of $2.50. 5.80 while resistance is located at $6.20. The next major resistance level I see is $16.81. 68 continues to be resistance as is the low $71's. Demand, and therefore prices, are typically low during July --- often the hottest month of the year. The NSE and BSE market did reach the magical figures of 6,000 plus on the Nifty and 21,000 plus on the Sensex during the year 2010. But with the indices going as low as below the 18500 and 6000 marks for quite some time have depressed the feelings of many investors. Use numerical identifiers - Start your seed strategy with “1.0” and refresh the tags each time you adjust your rules so you can accurately track performance.
I remain troubled by the ride sharing business model and its lack of clear pathways to profitability, but I think Lyft has picked the right strategy of staying focused both geographically (in the US) and in the transportation services business. Of the dozens of publicly traded retail companies in existence in March 2000, more than two-thirds failed, as they ran out of cash (and capital access) and their business models imploded. I would advise anyone just starting out to explore the two before committing to the boutique s. Two decades later, and the players may have changed, but the stock-market story rings familiar, according to Luke Palmer of the popular Bear Traps Report blog. For example, even though cattle prices have usually declined from March/April into June/July, they have exhibited a strong tendency to rally in early May as retail grocery outlets inventory beef for Memorial Day barbecues. As the industry begins anticipating cooler weather, the market finds increasing demand for future inventory --- exerting upward pressure on prices. However, as the industry begins to anticipate the summer driving season, demand for future inventory increases and exerts upward pressure on prices.













