Crypto-friendly bank Silvergate Capital (SI) has declared bankruptcy… sending shares plunging.
This story pisses me off for several reasons. I break down the BS claims made by short sellers… why I thought SI would make a great speculative trade just a few weeks ago… and why I should have seen this debacle coming.
We discuss the strange approach the government is taking (something I’ve never seen before in my 30-year career)… why the story reminds me of how the SEC screwed over my late dad… and a new risk factor that analysts will need to worry about going forward.
Fed Chair Jerome Powell is shaking the markets with his increasingly hawkish tone about future interest rate hikes. As promised on yesterday’s show, Daniel and I sift through a list of about 30 stocks that face serious downside risk in the near term. Plus, we highlight another major headwind for companies with international exposure.
Then Daniel and I reveal this week’s Dollar Stock Club pick, an option play on a severely overvalued tech stock that could potentially hand you a quick 75% gain.
Get access to the full episode, a writeup on this explosive trade, and the entire Dollar Stock Club portfolio—including this urgent trade—when you join WSU Premium for just $10 today.