Wednesday - November 3rd 2021
Good morning, I deeply apologize to the Andy followers for the lull in Arb Letter releases. I have been working to scale a few aspects of the newsletter and the business side of Andy. Week is looking solid as crypto rallies and the markets equity putter along. Some key elections across the country playing out and a less than stellar show by Biden on the world stage.
Pfizer stock rose nearly 3% in Tuesday’s premarket trading after better-than-expected quarterly earnings/ revenue. I’ll say! What year of opportunity. Flat in pre market today.
CBS News projected that Republican Glenn Youngkin former CEO of private equity giant The Carlyle Group, won the governor's race against former Governor Terry McAuliffe in Virginia, a state President Biden won by 10 points in 2020.
The NJ race is still “going on” you can see results HERE. Is it me or are more and more elections taking extra days? Seems legit.
The Chinese government has told families to keep daily necessities in stock in case of emergencies, after COVID-19 outbreaks and heavy rains that have caused a climb in vegetable prices hint at incoming supply shortages. Real Estate names down amid Evergrande fears in early trading. The US won’t tell you this ahead of time, plan accordingly.
Morning, we delayed Arb Letter for a week because of an absolutely insane whiskey hangover. First time in a long time and it left my head demented for 48 hours, that and I almost feel absolutely inundated by the amount of content/market/trading fuckery going on. I am like a puppy with severe ADD. Have to touch on SHIB, but sadly I am not participating. Pretty wild all the same, an absolutely god like pump.
Amid various dog token pumps and other scams, $MANA, the token for virtual world Decentraland has gone on an absolute face melting rip of roughly 356% in 5 days. This is interesting.
It appears the primary catalyst was likely Facebook’s name change and focus to Meta/Metaverse. Decentraland, long a laggard of other alts, spit roasted any shorts by ripping into space with the same velocity as an experimental USSR Rocket.
Unfortunately I sold my $MANA about 2 months ago, after amassing a nice little bag of 5,000 to 6,000 for an average of probably $0.30. My assumption was it would be one of the slower recovering alts and my money would be better spent elsewhere, like Chainlink $LINK and Cardano $ADA. Would I be opposed to grabbing some if I have some spare ETH/BTC profits to roll into a sell off? No definitely not. I await the opportunity.
Good lesson for crypto and a good lesson for bull runs in general is never sell alts. Many new traders make the mistake of trying to actively manager their portfolio. Buying and holding will outperform the majority of retail. Alts can rip off of the slightest piece of tangential news, in this case it was likely Facebook’s announcement to change and rebrand their name to Meta, the implication being this is a sign big money is coming to this space. Let me know in the comments if and why you think it’s a terrible name.
Maybe Zucc feels behind in crypto? Trying to one up the Winklevoss brothers front running him to BTC? Appears to be an encircling or all encompassing effort by Zuck to impress himself upon a brand new industry and associate Facebook with a brand new world. In any case the Metaverse is now a seemingly viable reality for the not so distant future and associated tokens will likely continue to pump. Perhaps we’d all do well to get involved now with the validation of a massive tech hegemon.
You can buy Decentraland (MANA) You can buy $MANA on these exchanges plus a few more. Don’t buy the top though:
The next “rug” as they are known in crypto (because of the violent collapse of prices/similar to ripping a rug out from underneath someone, like Aladdin Yeeting Jasmin off the magic carpet) was none other than the Squid Game currency. Can’t say I am surprised and this is usually why I avoid hype/dog coins. Hate to SAY IT BECAUSE I LOVE DEGEN TRADING BUT IF YOU GOT CAUGHT WITH THIS L YOU ARE DOWN BAD.
I was happy to take part in the WallStreetBets WallStreet Bulls NFT minting yesterday. I minted 3 different bulls all listed below. I add these to my current collection of BGANS, Kings of Finance Collection, and potentially some Galactic Gekkos soon.
I gotta be honest guys, I don’t really fucking understand airdrops, NFTs, and all of this wild meta verse shit going on. I have a very basic understanding of what’s actually going on. However, I can tell there’s money to be made and its also very evident that the communities being built around some of these projects are unique and cult like.
I also appreciate the artistic angle, and own some NFTs just because I like them, the price I paid is kind of irrelevant. They represent an entirely new type of organization/market structure, with many many sub levels. I’m going to keep cutting my teeth on this stuff to try and become proficient enough to navigate it effectively. I will keep you updated on this front as I grow my collection and potentially mint a few new collections ourselves. Attaching our best selling inflation merch:
Merry trading this week and remember to take profits. Leave me a comment on what you’d like to see more of or less of.