Don't Let Them See You Cry

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Facebook Misses Earnings, Destroys NQ Breakout

I'm genuinely shocked. Netflix was destroyed by its growth estimate. Facebook missed wide on earnings, though they beat on revenues.

Facebook dropped a nuke on the NQ too, as did SPOT and QCOM who also must have delivered poor reports. SPOT is the #8 holding in ARKK. That latter stock was pummeled today as old favorites like ROKU, TWLO and CGEN tanked.

In 24 hours we've gone from bull euphoria and to bull pain again. Amazon will report tomorrow after the bell. A strong report could salvage the bull rally, while a bad one could be the fuel that takes out the lows. I went short Amazon today via XLY.

Update: Here's how I see the Facebook trendlines now. Major support coming up.

Sinking The ARK Part 3

The next 10 largest holdings across the ARK funds. I left of any ones that are in part 1 or part 2 of the series.

GoldSpot a Triple from October

I posted on it here: Hits the Spot

Don't think I've mentioned this stock before: Goldspot (SPOT.V, GDDCF). They use BigData to find drill targets for explorers and miners. They are paid consulting fees and also take royalties on discoveries. I have a sizable position in this one. If their recent earnings annualize out, the P/E is below three, assuming no growth. This could easily trade north of a dollar if the market gains confidence in the earnings and growth.

GooldSpot has tripled from where it was when I posted. They have a royalty on New Found Gold's Linear property. NFG keeps making bonanza hits, and made another on Friday. Canadian markets are closed for Victoria Day, but the U.S. traded shares in both stocks are up 15 percent or more in early trading.

GoldSpot isn't dirt cheap anymore and I hesistate to chase charts that go vertical, but I think it has much farther to go in the years ahead.

GoldSpot Up 100pc in 6 Months

I first posted here about six months ago. This is second only to Chalice in my mining portfolio, and really it is number-one in terms of how much capital I put into the trade. Chalice is currently a 39-bagger for me.

GoldSpot uses AI to find mining targets. They are now running a profit on the software/consulting business. The "free" upside is they take royalties and equity in companies in lieu of payment. Annualizing earnings from Q4 (mostly investment gains), the company trades at a P/E of less than 3 even with today's price increase. Company has a strong cash position and a portfolio of royalties. Chart is completing a massive base that goes back to inception.

Spot of Sterling

Interesting news item that I missed during the relatively hectic Thanksgiving week: GoldSpot purchased shares in Sterling Metals (formerly Latin American Minerals). GoldSpot is a large position of mine and I own a speculative position in SAG as well.

Spot looks solid above 40 cents, but the chart resembles gold. Considerable weakness exists if gold breaks $1800. Goldspot could also see a substanial pullback. Sterling has substantial support around 21 cents and 50 cents is the resistance before a breakout.

Goldspot Has a P/E of 3

Chart looks good and it's not a speculative stock. They're making money.

Hits the Spot

Don't think I've mentioned this stock before: Goldspot (SPOT.V, GDDCF). They use BigData to find drill targets for explorers and miners. They are paid consulting fees and also take royalties on discoveries. I have a sizable position in this one. If their recent earnings annualize out, the P/E is below three, assuming no growth. This could easily trade north of a dollar if the market gains confidence in the earnings and growth.

Update: I moved the horizontal down from 30 cents to 27 cents, I think that's the more important area.