How to Print Bands on Memes
273: Opportunities Are Everywhere
***Disclaimer — meme coins and stocks are a hyper speculative form of trading/investing. The ole saying “don’t put more in than you can reasonably afford to lose” counts double here. I am not shilling anything in today’s post — it’s entirely up to you on what and how you get involved. I am providing commentary on assets I LIKE.
Well folks — we woke up to a nice little surprise yesterday. It looks like the markets may be giving us a repeat of the Covid induced madness that lead to an astronomic pump of all turbo risk on assets — from meme stocks to crypto.
Many people miss out because they try to apply logic or sense to what is happening and has happened over the last 4 years. You can’t do this lol.
We are in a new era of markets that’s entirely off the rails.
If you’re familiar with the Covid money printer lore of Roaring Kitty, who made over $30M on Gamestop — you know this Reddit trader was a key figure in the Gamestop and meme stock mania of 2020/2021. WallStreetBets and other forums rallied together like rebels to fight off their appointed villains of Wall Street like Citadel, Ken Griffin, and Gabe Plotkin.
It was a ridiculous chapter in financial markets to witness, complete with movies made about it, court hearings, legislation drafted, and plenty of obliterated brokerage accounts when it ended.
Well Roaring Kitty, also known by his WSB name DeepF*ckingValue is back — and meme stock/coin mania has kicked off again — this time while 90% of the country is unsure if we are on the doorstep of a biblical recession or another mind boggling up only pump for all risk on assets.
I tend to lean towards the latter based on what I am seeing. The opportunity cost of missing this is immense given the broader market and economic circumstances.
As of about 11am ET yesterday — shorts lost approximately $1 billion in mark-to-market losses on GME 0.00%↑.
We will talk about markets at length today — but more importantly we will talk about why (in my opinion) this is all happening and how you can profit tremendously from it. Some readers of Arb Letter already have.
The truth is — traditional assets simply are not enough to “catch up” in the US, at least in the short term.
Doesn’t mean avoid index investing or tech names, but new assets are far outpacing the returns provided from these historical staples.
Not only do you have to fight inflation, rising costs, and a growing wealth gap — but your purchasing power is going down as the US government prints more and more money.
Let’s look at some assets performance YTD — you’ll notice crypto is dwarfing these returns in legacy markets. With the exception of NVDA 0.00%↑ (which I talked about at length here) crypto is pulling ahead fast. Gamestop and AMC were up over 70% yesterday alone.
S&P 500 - 10.00% YTD
Nasdaq - 10.9% YTD
Bitcoin - 50% YTD
Ethereum - 26%
Solana - 33.99%
PEPE - 649.50%
APU - 1,069.14%
With the right exposure to meme coins and stocks benefitting from social sentiment, culture, and retail capital — you can generate some insane returns alongside more traditional assets. You have to be keeping your ear to the ground to pick up on these trends in advance of the masses — which is what I try to do here.
Don’t be the guy who’s too prideful or arrogant to participate.
200%+ returns is 200%+ returns.
Money is money. Doesn’t matter if you made it on NVDA 0.00%↑ or a cat coin.
There’s no honor in sitting out the game because you think you know better or worse, it “doesn’t make sense” to you. Now is the time to act not think (within reason). Markets moving forward are not going to “make sense” anyone dying on the hill of “meme stocks are stupid” or “meme coins” are vapor — is either jealous or just plain dumb.
I gave Arb Letter premium subs $PEPE (might have even mentioned it in the free versions at some point). I gave them $APU. I gave them $PAC.
All are considerably higher now.
Without sounding sensationalist — some of these things are doing/have done 5X 10X 20X already. No reason to miss out on them.
$PEPE is now up 200% from when I first mentioned it. APU is up over 75% and PAC is up 300%+.
I’m not an oracle or some prophet — and like everyone else I get things wrong — but I am telling you that reason has long left the building when it comes to financial markets.
It’s all one big ponzi. It’s all vapor. Tradfi markets are rigged and gamed — everyone know that by now. The Federal Reserve, in the words of Jerome Powell “prints it digitally”.
You’re all probably tired of the “dollar will collapse” “our debt is unsustainable” claims by now — I still think it will happen, but if it doesn’t anytime soon, what happens in the mean time?
The party goes on.
Someone shows up with more stimulants and everything gets more diluted, synthetic, and senseless until it’s entirely unsustainable.
No sense in worrying about what may come, there’s opportunity now.
You’re hoping to keep your job and get a $60,000 bonus while a bunch of degenerates who don’t overthink are apeing into meme coins and printing that in a single day with limited capital.
The least you can do is benefit from this insanity and generate some wealth so you’re more prepared for the end game. It’s never been more critical to amplify your income and wealth than it is in the current environment. Layoffs are accelerating, companies are cutting costs, salaries are not keeping up with inflation, and the future is uncertain with an election approaching.
So let’s talk:
General meme asset strategy
What allocation is a good starting point
Where I see this madness going
How you can print bands on vapor and memes and maintain your dignity
Today’s guide is for paid subs.
Plenty of our paid subs have already nailed trades on PEPE, APU, and more over the last several months because they invest and take the time to follow commentary over a longer time frame.
I currently pay $500/month for access to the top macro, markets, and tech newsletters to ensure I know what’s going on at all times. Meme coins are an information game — you want to pick up on strong culture and hype early — position and then wait.
We don’t have much time to squander as GME 0.00%↑ is already up 120% in pre market trading and many crypto names looked poised to rip as well.
Let’s start with talking about why this is happening. Then we’ll get into allocation, specific names, and when I think it makes sense to cut positions and take profit.