Postcards from the Florida Republic - NC, TIO, NAIL, XHB, AAPL, MSFT, and NVDA

This weekend, we discuss Nvidia, market momentum, ideal plays in the lithium space, and just how fun it is to watch Baltimore Orioles baseball

The PDF version is available for download in the Link below… or just keep reading.

Postcards May 21, 2023

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Dear Old Friend,

“What is this Florida Republic thing?”

These are the phone calls I’m receiving… the emails in the queue. Hopefully, someone will send me a stamped, handwritten letter soon.

Here goes… I love finance and investing.

I also love studying human behavior. I love the irrationality of repetition. I love reading Twitter as people act like NVIDIA (NVDA) – trading at 180 times earnings and 29 times sales – with zero revenue growth in 2022 – will pan out for the bag holders.

Let NVDA run higher, I’ll short it when weekly momentum goes red. I’ve read enough academic finance and dug deep enough into the works of Grant Henning, Wes Grey, and Gary Antonacci to know when it’ll be time to hammer the S&P 500. Not yet. But soon.

Second – and more importantly – I’m having fun doing this.

I’m making my own fun, pointing a camera at the world, and speaking candidly about our insane times. Maybe only a handful of peo…