Archive Category: Max Profit Alert Archive

What a year that was, right?! Inflation reared its ugly head for the first time in 40 years. The beloved “60/40” portfolio put in its worst performance in 50 years. Many of the “story” stocks that ran high into bubble territory in 2021 came crashing down.

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The Wall Street Journal ran a piece yesterday with the headline: “Half-Price Tesla Stock Is Still No Bargain.” It included a number of points about the company — and the pricing of its stock — that I’ve written about since I first recommended a bet against the stock in early July.

There’s no Max Profit Alert update today. We’ll continue to hold our seven positions for now, and I’ll contact you immediately with any actions to take. I’m actually at my publisher’s office, getting ready to record something special for you. I can’t spoil the surprise just yet, and you know I’m not one to play the hype game. But I thought I’d let you know…

I’m not recommending you make any moves this week. We have seven open positions, which is a “full boat” for us. And while we aren’t exactly in a profit-taking cycle at the moment, I still think we’re properly positioned in a balanced mix of both bullish and bearish plays. For instance, you’ll see in this week’s Leaders & Laggards Board that the technology and consumer discretionary sectors remain in bearish downtrends.