March is here. How is the market performing?
Let’s start with the US stock market.
Last Monday, Spark Therapeutics (ONCE) stock spiked 120% in 1 dayafter an M&A announcement that Roche will acquire it for $4.8 billion. That’s a whopping 2X or two bagger stock!
What’s the key takeaway of ONCE?
Back in July 2018, the stock price peaked at $96. But within 6 months, it dropped to a 52-week low of $35. At this point, most traders would have bailed out. That means, they realized their losses when they buy-high and sell-low.
Sometimes, it pays to reflect on Patek Philippe’s tagline, “You never truly own a Patek Philippe. You merely look after it for the next generation.” We should embrace this spirit for stocks.
Today, ONCE spiked to its all-time high at $113. This is truly the beauty of investing in stocks!
Moving on, let’s visit the crypto market.
Last Sunday, I witnessed first-hand how Ethereum price spiked to $165 in the morning. By evening before I went to bed, it tanked to $136. That’s like 12 hours of euphoria mixed with diarrhea!
Rise & Fall of ETH on 24 February 2019
How do you explain to someone who’s totally new in this game?
In my last two blog posts below, I wrote about the significance of this date: 27 February 2019.
One of the reasons for ETH pricing to behave this way was related to Bitcoin. It failed to break the resistance of $4,200. More importantly, as of this writing, there is still no news regarding the approval of Bitcoin ETF by the SEC. From the latest publication, hopes remain high for an approval though.
Why we need to track both the stock and crypto markets?
First, according to a report by Credit Suisse and its 2017 Global Wealth Report, the wealthiest 10 percent in the world control 88 percent of total wealth. The wealthy also control almost all of the wealth created via financial markets which have benefitted from record prices for stocks in the U.S.
Second, Spiking is planning the listing of SPIKE tokens on Kryptono Exchange very soon! As such, the exact date has to be determined by monitoring closely the cryptocurrency market.
On this note, we list down the sequence of activities.
IMPORTANT NOTE TO SPIKING SUPPORTERS
1. Please ensure that you add our email email@example.com to your contact list or address book. Here’s how you do it.
When you receive our email, mouse over “Spiking” at the address field and the above box will appear. Simply click “Add to Contacts”.
2. All our Spiking Supporters will receive an email titled “Your Airdrop SPIKE Tokens” from us by 5 March 2019. If you did not receive it, please check your spam box and follow the instruction above on adding our email firstname.lastname@example.org to your contact list or address book.
3. You need to respond to this email “Your Airdrop SPIKE Tokens” by 25 March 2019.
4. Please double check that the email is from email@example.com and beware of scammers! Please always check the email firstname.lastname@example.org replying or clicking on links inside the email. If you need assistance, please go to https://spiking.zendesk.com/hc/en-us
With our fingers crossed, the moon and the stars might align soon for our inaugural listing on a crypto exchange.
I ♥️ Spiking Your Freedom.