My 22-year-old stepson told me that he bought the cryptocurrency MOON the other day and that he was up 10%.
He paid $0.07 for this particular shitcoin on the sound investment thesis that it would go up due to the fact that on the night of March 13, or early on March 14 the Moon will pass into Earth’s shadow and appear to turn red.
That’s right; his catalyst for MOON is a lunar eclipse. MOON got as high as $0.13 on February 17 but is now back to where it started.
Speaking of moonshots, cryptos launched off over the weekend after President Trump announced that he wanted the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.
Trump said on Truth Social that his administration is working toward creating a “Crypto Strategic Reserve” that will include lesser-known cryptocurrencies XRP, Solana, and Cardano. He later followed up with another post saying his planned reserve would also include Bitcoin and Ether.
BTC jumped to $95,000 before selling off to $85,000 a share. The pump was short-lived.
In other lunar news, Firefly Aerospace actually went to the moon this weekend. It’s the first partner in NASA’s commercial program to successfully land on the moon. Not only that, but Intuitive Machines (LUNR) will be making its second attempt this Thursday. Last year, their moon lander fell over.
The stock is moving towards its 200 day moving average and could be a trade with the idea to sell it if they stick the landing this time.
ASTS
You may remember when I recommended AST Spacemobile (ASTS) in this very space a few months ago when it was around $8. Well, today AST is trading at $25 and just announced a deal with Vodafone for satellite phone connections across Europe. That’s a 212% gain for those playing at home.
And if that wasn’t enough, Brit told you to buy it at $19. He wrote:
“The stock traded mid-$20s for the last several months, until today. ASTS shares are getting crushed by 15%, down to $19.
The current price is a buying opportunity, and I’ll tell you why…”
You can read the whole thing here: https://www.outsiderclub.com/space-race/
That’s another 31% gain that we just gave you for Free! Gosh darn, we are amazing.
FED Up
In other news, the FED just announced that its new GDP estimate for the first quarter is no longer positive 2% like it was last week but is a negative 2.8%. That doesn’t sound good.
And lastly, OPEC has been persuaded by President Trump to start releasing more oil to drive down the price. OPEC will start releasing 138,000 barrels a day starting in April. The price of oil dropped 2.35% on the news, and ExxonMobile (XOM) fell about 4%.
Stocks were down across the board; however, commodities, including gold and silver, were up about 1.5%.
All the best,
Christian DeHaemer
Outsider Club
Brit talks about the Fed:
https://www.outsiderclub.com/bad-news-from-atlanta-fed/
Socks are Expensive:
https://www.outsiderclub.com/which-straw-broke-it/
Housing Market:
https://www.outsiderclub.com/the-real-estate-rug-pull/
