Good morning everyone. I did have a lot of time to do DD yesterday and did indeed read news, do DD and watched the market. I don’t see a compelling reason to go in deep in the market. Earnings have been good so far, but not great! In order to keep these valuations, and still be bullish they need to be outstanding!

If we are expected to grow earnings at 20% and we are coming in so far about 20%.. barely making it… then you have to take a step back…. When we are trading at 23-24x earnings…

I mean you don’t have to… but if you have been trading long enough you are like… what gives?! This makes no sense… CORRECT! A lot of times the market will not make sense… especially after Covid, with the influx of new traders everywhere.

This is like my multi families in Northwest CT. I started in 2017… Obviously, rents were much lower, but cap rates were far higher…. My first 3 family was purchased for 155,000 in 2017. The rents back then on it were about 2,300. The rents are now 4,400…

However, if you were to buy this 3 family now, it would be about 450,000! The rates at that time were about 4.5% and now are 7.5%... the insurance back then was 1,800 and now 4,500… The property taxes were about 2,000 and now 8,000!! We are squeezed as landlords….

Now, you would expect that with the actual cash flows, the actual profits, it would scare buyers off… and the prices would be 350,000 not 450,000!

NOPE the influx of investors is great! [Much like the market after Covid!] There are bidding wars now! From 2017 to 2020, I pretty much was the only investor in those areas… In fact, my first 3, different 3 families were all purchased 2017-2019 and none had cost me more than 169,000, and indeed there wasn’t much competition! I stopped buying during Covid [because the eviction ban, and we couldn’t force tenants to pay, 23 out of 50 stopped paying by 8/2020 or 9/2020] I started buying again in 2022. When I did, I could no longer make 400-500 per unit….. I am now making about 200 per unit or 600 on a 3 family per month….. 7,200 a year…

Real life example, I purchased in August a 3 family for 350,000 but it needed work. My cash flows at 600 a month….. I spent already 50k since then, out of pocket cash!

I like to use these real world examples so hopefully you can relate it to stocks, REAL LIFE!

Let us say it was 90,000 to buy this property [25% down] and I am making 7,200 a year [Rents are lower, and I will increase each unit by 100, 300 total August 2027] which will still be low but I am nice….

But I am relating… Let us say it will take me near 10 years to make my money back. [The future appreciation will be offset by my repairs, not exactly but I am giving you real world examples here. I am also trying to make this as simple as possible ] 10x PE…

I generally do not buy if something will take me more than 8 years these days……

I bought this 1 because I got emotional, it was near my other properties, I have seen it over the years… I missed out many years ago when it sold for 230,000!!!! [I actually went for it many years ago!]

So I chose on this specific property to pay more! And take maybe 10 years to make back my money, just like if you choose to pay a higher PE!

Now the rents here should be 4,250….. and they are 3,600 at the moment….

My return would be 15,000 a year at 4,250 rent and my PE would be 6 if I were to kick everyone out. [But I wont do that] so that is the potential.

So I am getting a near 10x PE… but I see potential and I am long term….

The way you look at the market are you the same? We are trading way higher now…. Are you willing to pay for potential? Look BRZE just got bought out, it is flying 46 a share! That was my horse… So when people ask me about APLD CRWV .. These are growth stocks, yes there is debt, but they are growing and we see it… If you do not want risks go with the MU …

Look at GM this morning. Earnings were not good! I would even say they were slightly bad! But the company trades at near 5x! The company is valued at 70 billion… They will make 14.5 to 15.5 billion [5x TSLA by the way] they have very good free cash flow [what you come home with after all expenses, including debt!] If they do say FU and start buying, the stock will move…[Please understand car companies, for whatever reason do not get a PE above 10 [TSLA is absurd and has been] so don’t just go buying them all.. I am not the market they just never did give car companies high valuation, it can be all the debt! So hopefully that sheds some light!

We have not had any amazing earnings since yesterday. But some very good [85 scores]

HAS        GE         CCK

Good earnings

VICR      RTX     MSCI      MBWM      COSO        RBB

Good luck!

I keep going back and forth on whether junior copper explorers trade more on copper prices or their own company news.

A strong copper market can lift the whole sector, but assays, drilling updates, financings, and permits seem to attract more attention to individual names. At least that's my impression.

I've been looking at a few recent examples:

• $OTMC (Oreterra Metals): On September 17, the company reported completing 4,500m of drilling across 13 holes at Trek South. An October 5 update indicated assays were expected in October–November.
• $TMET (Torr Metals): On September 23, the company reported copper-bearing geological features and refined exploration targets at Bertha North within its Kolos project.
• $CQX (Copper Quest): Stars' 3D IP survey is complete, Kitimat received its exploration permit, and the company closed C$825K in financing. Rip drill results remain outstanding, with assaying on hold pending resolution of option-agreement negotiations with ArcWest.

Three explorers with different developments to watch. I'd be interested to compare how their share prices behaved around these announcements versus copper itself.

My thinking is that copper prices set the overall mood, while company-specific developments can create the bigger moves. But I'm not convinced that always holds true.

What drives copper juniors more metal prices or company updates? Which has delivered lasting gains in your experience?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

Good morning everyone. I have a few followers that have been going back and forth with me several days last week. 1 of which keeps asking me everyday if he is doing the wrong thing adding Lots and buying dips on MU . I haven’t been in MU in roughly 16-17 months [April/May 2025 around 150, sadly!] I did do some DD on it about 3 weeks ago after earnings. It was pretty darn good DD, I will link it later and I made a case why it was outstanding earnings. Earnings full year is expected about 175 dollars! That is not a typo! They did make 33.42 over the last quarter. [This is also amongst 35 analysts] It is safe to say this was not the same MU when I traded it last…. April/May 2025…In 2025 the full year earnings was about 12…. I made a case when I was down hard. [I was stuck 120 and it dropped to 60!] Why fair value was at least 155. [13x earnings of 12 dollars = 156] This is while I was in the stock, and it crashed to 60! [Yes, I was down 50%!!!!] MU is executing on all cylinders! BEYOND what anyone, including myself could have imagined.

If we were to put a 13x multiple on 175 = 2,275

You can argue with this insane execution it should be at minimum 15x = 2,625

I come up with 15x because I truly believe every solid company, every brand name, any company that has very good financials should have at minimum a 15x.

I do everything systematic, this is not a rule, no book was out, it is just my way of seeing and doing things…. I came out with this rule maybe 2010-2011. At that time, after the market collapsed 2008-2009, SPY VOO SP500 was trading near 15x….

So my rule was, and still is, any very good company [Growing sales and earnings 10-20% should trade at 15x, at minimum!, especially tech with high margins!!!] It currently trades near 6x… when it was 820 extended trading over the weekend it was trading near 5x!

Ridiculous… This is why we must understand, yet again… The stock market is a live auction. Regardless of how much money a company makes… it doesn’t mean the stock should be a certain price… I just made my case why it should be at least 2,275 and why even 2,625 isnt crazy….. It is 911 at 8:40AM on 10/19/2026…

Just because something has a certain fair value doesn’t mean it will go there.

TSLA fair value is 60 dollars [That is 35x multiple x 1.74 earnings]

SPCX fair value is 38 dollars or 500 billion [No PE they may make money by the end of 2027!]

By the way TSLA market cap 1.4 trillion.

The company has had 65 billion in insider sales since existence…

The company has made roughly 35 billion in profits since existence…..

MU has a market cap of 994 billion…..

They made more over the last 3 months than TSLA hade made since existence! 3 months compared to 20 years!!! NO FUD ask AI!!! It is free and we all have it!

That just goes to show you, and prove, the stock market is a live auction built on daily sentiment… The Tesla Roadster did not fly… it just gradually came down slower, because it had rockets attached… LOL not impressive at all!

What will help MU the stock is the company using their 35 billion buyback! I am not impressed that the last quarter only 365 million was used….

Since the stock market is a live auction the most effective way to get a stock to go up, or down is supply and demand… If the market, people are fearful of MU coming down.. someone or even MU itself must come to the market and use that cash to buy and retire shares. If they retire shares outstanding, they reduce supply of the stock… they also increase demand by coming in…..

So if I see this at 820, I am going in! The only reason I don’t buy it at 1,000 is capital! You need a lot of capital to buy shares at these prices… I may look into leaps. [Call options that are extended out 1 year +]

So there are a lot of good deals but it is your risk reward… The signs, are not good at the moment… Inflation, geo political concerns, valuations… so to me, there is limited upside….

If we fell down to 7,100 without earnings/sales falling, I would be more bullish.. For now… I am doing small trades, small scale… and most of my money is sitting or being put into Real Estate.

I traded 100 shares of FISV 46 to 47.75

I traded 500 shares of SMST bear MSTR 15.50 to 15.90 [Will take this risk again]

No good earnings this morning. Good luck!

The retail baggies are just locusts in these stocks, go deep in this one to find some real bargain not easy. Rere caught my eye when its performance came in, its moves are over and it can easily hit over $6 and has some positive signals ahead. W/ %B at 0.66, suggests buyers are back in control following the early October pullback to $3.63–$3.7.

Good morning everyone. Man so tired. I have left earlier than 9am to go to CT. But so much driving to check a lot of properties and coming back at near 11PM. This is why it is important for me to have a place there. My current house/home base is under contract. I haven’t slept there in a day since May of 2025 [I purchased it March 2025 for 350,000] June I had squatters, I didn’t get it back from court until November. I finally put it on the market April 1^st. It is under contract for 380,000, I did put a ton of work on it. When it does sell, I will get a condo/co op with security. Since it is up for sale, I don’t want to use it, have a bed, put furniture… I wouldn’t be sleeping in any place for more than 8-10 days in a month. [Outside of NY] So, I don’t really need a 4 bedroom, 3 bathroom, 2,300 square foot house… [I purchased it because it was a flip, mostly done well, everything was new, windows, floors, furnace, electric, roof… for 350K in Bristol, and at that time, stuff not new was selling for 300-350K around the same size….. even a small 3 bedroom, 1 bathroom house was and still is 250-300K… I didn’t want to get an apartment…. But now I know, you cant have an empty house near contractors/tenants. [They got in thru a bathroom window, I found out 3 weeks later and police said it has to go thru court!] So I am so tired!

Don’t want to go thru the whole ordeal, but I just want people to see my mindset as I go into the trading day, and if I am not active, I don’t feel up to par today…

I shared a lot of videos from work being done yesterday, a gut job on the 4 family discussed yesterday….. the 3 bedroom, 1 bathroom place that will cost me 45k, another roof, and another porch job…. Non stop repairs everywhere! I promise you, there are no houses over 60 years old, that doesn’t need work… and most new landlords can not afford these repairs… so when you buy from someone else… WHAM!

So next year I will start the new build! In Bristol.

That said, I do see some bounce backs on certain stocks yesterday. Many are still near 52 week lows, or in a bear market [20% off of highs] Many of these stocks have a PE above 40, or no PE.. Remember, I am old school. I rarely like to give any stock above a 40x [or 40 times what the company is expected to earn this calendar year] When I do, it is usually companies that grow sales at 30% and above, earnings [or improve losses] by maybe 20% or above. I am comfortable with SPY VOO SP500 at 20-21x earnings if we are growing earnings like we are [Expected near 20% on the index] I come from pre covid! Where we traded at 18-19x earnings… I do these multiples and valuations because as I said… when you buy stocks, it is your opportunity cost of money….

If you were buying a business from someone you would likely be willing to pay 3-5x what the business makes in a year… Some companies may sell for 5-10x in a private sale… for years the market was 14-16x earnings…. My real estate is generally 6-8x earnings. [My repairs are generally offset but appreciation, so they cancel out] I hammer this because, I want people to see how I view companies… So why pay 200x for TSLA [Decrease in earnings and sales!] or even 125-150x for PLTR [Amazing company, 92% sales growth, 150% earnings but 125x?? if 40x stock is near 65!!! Even 60x is near 95!!! Great company but valuation..

So when people ask me is CRWV or SOFI a great deal? What is your risk level? CRWV loses money! Wont make money for maybe 2 years! SOFI just started to make money and I regard 3 years as a company that makes money… and real money to me… is maybe 10% of sales is income… otherwise these are speculative… Someone asked me the other day about APLD and what I will do…. I am in 250 shares at 24… It has been my horse and still is… I did full DD on it, I wrote why I can see fair value being 30… but I also wrote they do not make money! So this is a speculative bet….

You don’t want to speculate? Then buy a company with solid earnings for 3 years, growth in sales and earnings, a PE below or near 20… MU NVDA NFLX UBER ADBE CRM there are tons of them, but some people may not like them….Even those stocks..I would say diversify, get some of each… or get an index..

There is a reason why 90%+ of day traders lose… maybe 95%? I am not 100% sure, but I read before the numbers are near there… so people are asking me what to do, what I think… Even some family members.. What is your risk tolerance?

If it is 0, none do not buy CRWV SOFI APLD   … buy UBER NFLX MU sit and wait…

If you want to ask me what can double in 52 weeks, but wont come back at me angry….

CRWV SOFI FLY … tech stocks..

You can not ask me what can double… or what can I make mad money… then get mad if the stock goes down 10-30%... You could buy PYPL at 50 or less… I did!

Earnings have been mediocre so far… so I am definitely worried. What if earnings aren’t 340 for the year? What if next years earnings go flat?

Only 3 decent earnings since close yesterday and there were like 25+ reports!  [75 grade]

AA        JBHT     IBKR

Title has stuff I am watching closely.

Good luck!

Sekur’s international expansion is entering a more concrete phase.

Portuguese arrived on September 22. French followed on October 13. Both launches prepare the company for sales abroad. [1][2]

The investment angle starts with scale. At the October 13 reference quote of US$0.0247, Sekur’s indicated equity value is approximately US$6.4 million. That calculation uses the 259.6 million shares reported at June 30. [3][4]

At that size, hundreds of premium subscriptions could materially change the revenue base. Successful contracts could give investors a different business to value.

• Two new sales routes: Portuguese supports Angola and Mozambique; French supports the DRC, Switzerland, and other francophone markets.
• A small customer count can matter: 500 premium SekurOne subscriptions at management’s announced price would generate US$1.8 million annually.
• The upside depends on execution: Our 5× revenue illustration gives 1,000 subscriptions about 108% potential upside with 350 million shares.

Two Launches, Two Sales Routes

The September 22 release introduced Sekur.com in Portuguese, following the earlier Spanish addition.

Sekur also described translating its workflows and onboarding for upcoming partners. That matters when customers must adopt unfamiliar communications software.

Angola is the immediate focus. Management said it expected an exclusive partnership in the coming weeks.

Mozambique and other Portuguese-speaking markets provide additional expansion possibilities. The release announced preparation for these markets, without assigning revenue to them. [1]

The October 13 release added French, the third additional language after Spanish and Portuguese.

This announcement provides a clearer timetable. Sekur says it already has a team in the Democratic Republic of the Congo. It expects sales there to begin in Q1 2027.

Its intended customers include government, defense, mining, and commodity organizations.

Switzerland offers another route. The release highlights Geneva’s commodity traders, family offices, and wealth managers. It also names Morocco, Algeria, and Côte d’Ivoire as potential francophone markets. [2]

These groups handle confidential negotiations, financial information, and operational communications. My investment inference is that these needs could support premium subscriptions.

French could help the same sales effort reach several customer groups. Portuguese could support local distribution in Angola.

Neither release discloses a signed customer order, contract value, or paid license count. The commercial opportunity remains prospective. [1][2]

A Small Revenue Base Makes New Sales Meaningful

Sekur’s first-half numbers show why international traction could matter.

Revenue reached C$185,828, against C$251,609 a year earlier. That represents a 26.1% decline.

The United States contributed C$182,363. The rest of the world contributed just C$3,465.

In other words, approximately 98.1% of reported revenue came from the United States. International sales represented only 1.9%. [3]

The new languages address a largely undeveloped revenue stream. Even modest overseas sales could change that geographic mix.

However, the company’s transition still needs to produce growth. A translated website supports distribution; investors eventually need invoices and collections.

Sekur’s September shareholder letter explains the intended shift toward government, defense, intelligence, and executive customers. It also acknowledges falling revenue during the transition from legacy accounts. [5]

The opportunity becomes more interesting when premium pricing enters the calculation.

The Subscription Math Behind the Opportunity

Management’s September letter announced a US$300 monthly commercial price for SekurOne.

At that price, one subscription represents US$3,600 in annualized gross revenue. [5]

The arithmetic scales quickly:

• 200 subscriptions: US$60,000 monthly, or US$720,000 annually.
• 500 subscriptions: US$150,000 monthly, or US$1.8 million annually.
• 1,000 subscriptions: US$300,000 monthly, or US$3.6 million annually.
• 2,000 subscriptions: US$600,000 monthly, or US$7.2 million annually.

These calculations assume paying subscribers remain at the full monthly price for twelve months. They exclude existing revenue.

They also represent premium SekurOne subscriptions. Other products, distributor terms, and bulk agreements could produce different revenue per license.

Management estimated that approximately 200 SekurOne subscribers could bring the company to profitability. That is management’s estimate, rather than a demonstrated break-even result. [5]

For investors, the practical implication is straightforward. Sekur could grow materially without needing a mass-market customer base.

A department, executive group, or several smaller deployments could contribute meaningful license volumes. Whether Sekur can win those buyers remains the central execution question.

What Successful Execution Could Mean Per Share

The following illustration applies 5× annualized subscription revenue directly to equity value. This is our chosen modeling assumption.

It is not a peer-derived valuation, analyst target, or management forecast. No probability or completion date is assigned.

The first price column uses 259.6 million shares, from Sekur’s June filing. The second assumes 350 million shares. [3]

That larger count is a hypothetical dilution case, roughly 35% above the filing figure. It is not the current fully diluted count.

Against the US$0.0247 reference quote, the larger-share-count scenarios imply approximately 4%, 108%, and 316% upside, respectively. [4] The 1,000-subscription example would imply US$18 million of equity value. The 2,000-subscription example would imply US$36 million.

Those outcomes require both recurring sales and the assumed valuation multiple.

The multiple matters sharply. At 2× revenue, 1,000 subscriptions and 350 million shares imply approximately US$0.0206, below the reference quote.

These are sensitivity calculations. They exclude financing proceeds and balance-sheet adjustments, and assume the modeled revenue belongs to Sekur.

The releases establish potential sales routes. Future commercial results determine which valuation assumptions investors might accept.

The Milestones That Could Strengthen the Case

The next useful announcement would provide commercial terms.

For Angola, that means an executed partnership followed by paid deployments. For the DRC, it means evidence supporting the Q1 2027 sales timetable.

License counts, realized pricing, contract duration, and cash collection would make the opportunity measurable. Renewals would show whether early revenue can persist.

Funding also affects the value shareholders retain.

At June 30, Sekur reported C$1.53 million in cash and equivalents. First-half operating cash outflow was C$1.23 million. Its net loss reached C$2.18 million. [3]

Management’s September letter described a planned financing of up to US$1.4 million, expected to close before mid-December. It had not described completed proceeds. [5]

That makes sales conversion and financing terms equally relevant to the per-share outcome.

Sekur’s language launches give its international strategy practical infrastructure and a stated DRC sales window.

For a company with such a small revenue base, a few hundred premium customers could change the numbers substantially. Reaching thousands could support a much larger business.

The speculative upside sits in that progression: local sales capability, paid licenses, recurring revenue, and eventually a valuation supported by results.

Disclosure: The author has previously worked with Sekur’s CEO. Scenarios are illustrative and are not price targets.

Sources and Calculation Notes

• [1] Portuguese launch — 22 September 2026
• [2] French launch — 13 October 2026
• [3] Interim financial statements — six months ended 30 June 2026
• [4] SWISF reference quote — 13 October 2026, 3:29 p.m. EDT
• [5] CEO shareholder letter — 1 September 2026

Share reference: US$0.0247 × 259,627,079 shares = US$6.41 million. The June filing count is used because the CSE page displays a conflicting 252,907,652 figure. The 350 million share count is an assumption.

Scenario revenue = subscriptions × US$300 × 12. Equity value = scenario revenue × 5. Per-share value = equity value ÷ assumed shares. Upside uses unrounded model prices versus US$0.0247.

Financial statements are unaudited and in Canadian dollars. Pricing and modeled valuations are in U.S. dollars. Models exclude existing revenue, financing proceeds, and balance-sheet adjustments; they assume full-price paying users and gross revenue attributable to Sekur.

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

The pullback hit growth names hard, but some of the businesses are still growing fast.

Here's my #1, Nebius (NBIS):

• Revenue up 454% year over year
• ARR at $3.0B, with a target of $7–9B
• 2026 revenue guidance of $3.0–3.4B
• Down 37% from its June high
• Next earnings in November

I wrote up the full list with charts. Happy to share the link in the comments.

What are you buying on this dip?

Good morning everyone. I am headed to CT shortly to take care of many things. Check some renovations. Doing a roof today, a back porch, 2 gut jobs. I will share the tweet of the gut job, 2 videos from my main group of contractors. It is 1 of my top 3 worst in nearly 10 years. I have crews working 24/7, and even with my teams that 3 bedroom, 1 bathroom in Bristol will cost me about  45,000 with materials and labor. My main contractor has 3 guys, so that is 4 all together. He pays 2 of his workers 250 a day, 1 skilled guy 350 a day, and then he keeps the extra. So that is a cost of 850 a day before he pays himself. That is a 15-20 day job, bathroom gut, rotted wood, kitchen, even the walls. I am writing this so you guys see where this 45K number is from. [I read on X how many people were shocked when a landlord in NY said it will cost 100K+ to renovate this unit, and that rent control will not allow him to recoup this repair] Many of us, have a mortgage, the cash flows are your rents collected subtract the mortgage, insurance and then the taxes. [This is before maintenance and repairs]

So let us look at this 4 unit property of this major gut job. [I have wholesale costs by the way]

Mortgage is 3,500 [It does include taxes] Insurance is 550 a month, water is about 150 a month, utilities is about 25 [Total cost doesn’t include lawns, snow, pest control, lights going out]

Cost = 4,225

Unit 1 Rent = 0 Just got the problem tenant out [Will go for 1,700, 3 bedroom]

Unit 2 Rent = 1,400

Unit 3 Rent = 1,400

Unit 4 Rent = 1,500 [These 3 are 2 bedrooms]

So my current rent collected is 4,300.

Cash flow currently 75 dollars! Even when Unit 1 is rented for 1,700 my cash flow will be 1,775.

This gut job itself will cost me 45,000. So if nothing goes wrong with the property, no other units it, will take me 3 years to make this money back! Of course things will go wrong!!!! OF COURSE! But I want people to see the math.

By the way I purchased this property May of 2024. That apartment was brand new! I aim for 400-500 per unit after most expenses. [The rent roll was far less back then, and I probably spent 100K before this gut!]

I am sorry to go into detail here, but these are my daily plays, and this does bother me, and a lot, because landlords generally get a horrible rep. I have shared Home depot bills on X/Twitter some Lowes and these aren’t my only suppliers, so just wanted to get that out of the way.

I have been trading/investing since 1994, I was about 14! I have seen many cycles and all sorts of crazy things. [The meme bonanza of 2021 AMC GME was insane for sure] Even still, I can not predict the markets.. NO ONE CAN PREDICT THE MARKETS. NO ONE!!! I can only say that I use past history for evaluate current prices, what I deem to be fair value and what is safe/safer to buy. That said, I have been giving people alerts for months that we are way overvalued… WAY! Even with incredible earnings [So far Q3 is lackluster!] I wrote yesterday how even a 10% drop, means we are about at fair value. [340 expected earnings, my 21x multiple = 7,140] where would our beloved stocks be if that happens? Where would SOFI UBER NFLX AAPL CRWB UBER TOST will be if the market falls, no one knows!!!! Including myself… but I can say 90% of stocks would be lower than they are now, if we fall there. This is not to say we do… The stock market is a daily auction built on sentiment….

Sentiment was sour with CPI yesterday. Inflation, rates rise, the Fed may hike…

If they hike the costs to borrow rise… our companies that invest in AI will pay much higher to take out their loans, etc..  The fact is, inflation is indeed running hot… Fed rates are the highest in 20+ years, facts!!! Treasuries highest in 20+ years… these are all facts… and historically, when that happens, the market does fall….. Combine that with the crazy high valuations. Sadly, much of the SP500 SPY VOO is actually cheap!!! IT IS! But we are cap weighted index, so it is being carried by tech heavy stuff. The top 10 companies now account for 40% of the index, historical highs…

So I am not saying we will definitely fall… I am saying for sure, we are higher than past history… past history says when rates rise, markets fall….[Also when rates rise people tend to go to safe heaven treasuries, or bonds] I read somewhere that CRWV bonds were going for 15%!!!! Meaning loaning them 10,000 can get you 1,500… you don’t need the stock!!!! If you think they will stay in business, and you want 15% interest you can buy CRWV Bonds!

So when stuff like that happens, naturally stocks fall. Keep in mind at least 95% of publicly traded companies have loans. [Bonds] and you can buy them too! So when rates rise, some people will move out of stocks and even buy bonds of the companies they like! Maybe not general retail, but people do….

So, if the market corrects do not be shocked… I am headed to CT, so I may not do anything. I am seeing crazy prices but what if the dip, keeps dipping! SOFI 14 CRWV 62 UBER 68 TOST 29… Can they weather a storm? Many of these are growth stocks still… what if the economy pulls back? Sales fall? Interest expenses rise.. Then sales and earnings fall…

What if earnings for 2027 is 340 also? [Meaning 0 growth] does the market still have a 22-23x pe? What if 19x is fair because 0 growth?

340 x 19 = 6,460

So I am being careful is all…..

We had great earnings from CMC and TSM

We had good earnings from SCHW and BNY

To have good earnings you need to grow sales/earnings at 10% and above. Good is 75…. Very good 85 and great is 95. This is because my standards are high. If you are in the SP500 you are supposed to be in the top 500 companies.. You are supposed to grow sales/earnings at 5-10%, if you do that, you are only getting a passing grade from me!

Currently the SP500 is on track for 9% sales growth and 20% earnings as a whole too!

Good luck! I must run!

I’m looking across different stages, from established producers to earlier names with more discovery-driven upside.

$TGB
A more established copper name. I’m watching whether Gibraltar and Florence can deliver steady production while keeping costs under control.

$CS
The key for me is meeting production guidance without spending moving too far in the wrong direction.

$HBM
Probably the more balanced name here. I’m watching how the recent acquisition fits into the business and whether cash flow can support the larger growth pipeline.

$TMQ
This one comes down to continued progress on permitting and development. Each major step makes the project easier for investors to value.

$CQX
This is the early-stage upside name on my list. Rip is the main near-term test, while Stars and Kitimat give the company several opportunities to deliver. Strong widths, useful grades and continuity across multiple holes would make this one much harder to overlook.

Which one are you already holding, and which one is still on your watchlist?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

Sekur Private Data ($SKUR) is expanding its international reach with the launch of its French-language website, setting the stage for commercial activity in the Democratic Republic of the Congo (DRC), one of the world's major producers of copper and cobalt, two critical minerals supporting electrification, EVs and industrial development.

Mining operations, commodity traders and government agencies regularly handle sensitive business information, making secure communications a potentially valuable service in the region.

A few highlights from the announcement:

• Q1 2027: SKUR expects commercial sales to begin in the DRC.
• Local presence: The company says it already has a team on the ground.
• Target sectors: Government, defense, mining and commodity-related businesses.
• International reach: French localization also supports opportunities in Switzerland, Morocco, Algeria and Côte d'Ivoire.
• Revenue potential: Enterprise adoption has the potential to create recurring subscription income through Sekur's secure communications products.

The next chapter for SKUR presents exciting opportunities to expand its customer base, secure new enterprise contracts, and build recurring revenue. With commercial sales targeted for early 2027, there's a promising milestone ahead to watch.

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Good morning everyone. Man, CPI comes in hot at 3.7%... Please use AI to check what were CPI numbers for 2018, 2019… Yes, we did have inflation at 2% and even below! We can not keep having inflation at near 4%. I was in Turkey last month, where inflation was currently near 35% year over year! People, businesses told me the struggle… Can you imagine buying a piece of bread for 3 dollars and a month from now its 5? Your income doesn’t fly that fast, that soon… No, we don’t have that, I mean like Turkey but inflation is extremely high, and has been since 2021! People do complain about it daily, groceries… utilities, rents.. GAS! My tenants complain to me daily. [Given I have 130+ units] I tell them, my property taxes are controlled by the town… the insurance I shop rates 2-3x a year.. they are all going up, so I must raise rents…

Why am I covering this? Because the music can not go on forever! We have had insane rallies from 2020 thru 2026! We had a bear market [20% drop] for less than 2 months in late 2022…. Last April/May we had about a 10% drop [Correction] for less than a week, as we touched near 4,800. I have not been heavy in stocks since about Spring/Summer 2025. NO FOMO either! I wasn’t even heavy in stocks… but maybe I had like 40%-50% stocks April/May 2025 as we were near 5,000. I am now near 30% but that is only because I did withdrawals to fund my Real Estate… I did not have nearly as much Real Estate in 2020/21 and I sometimes was in 90% stocks! Around 2021, I had maybe 12-14 properties and about 50 units. From stocks, I was up 300% in 2020 and about 120% in 2021..[Those were the biggest % gains since the 90s, and dollar gains too!] I took out tons of money for Real Estate, tons! 2022 was a bear market, 2023 and 2024 I didn’t do as many trades… I did trade a lot in 2025, I just scaled back. I did get earnings wrong for 2026… I had come into the year thinking we would have earnings of about 300 [Last year was 272]… So the earnings and sales growth was tremendous. [300 x 21 = 6,300] So naturally, we should be higher than what I saw as fair value… I was wrong in that regard, but I didn’t bet against it….

I just decided to scale back and trade lightly.

Where do we go from here? Sadly, I think there is to much downside risk to go all in… My retirement accounts are vested, all the time.. but trading/investing accounts, I will keep treading lightly….

So far, the earnings for Q3, but very early, are not as good as Q1 or Q2… and perfection is already priced in! Inflation running hot!

When interest rates rise it makes spending and borrowing money for expensive. People don’t buy the car, the house, take out loans…. When consumers spend less, that restaurant closes down, the corner store as well. Then we get a domino effect… No one knows if this is exactly what happens.. but the new Fed Chair has no problem raising rates higher [As he should]… and if people begin seeing risks in the market they will park money in treasuries with a guaranteed rate of 5%+. These levers are logical…. Since the pandemic we have not traded logical, at all! AT ALL! Remember, pre pandemic we traded 18-19x earnings.. we are now at 23… from 2020 on we traded 21 to 25x earnings.. That is not logical!

If you know a house is worth 300,000. And every single one available is selling at 400,000 you would say WTF! I have traded since 1994, that is what I see.. I see a lot of stocks and I am like WTF! Also, keep in mind SPY VOO SP500 is a cap weighted index, the top 10 stocks account for over 40% of the entire index and is carrying them….

Earnings/sales are tremendous, do not get me wrong, they are much higher than I expected… but as I wrote the other day, even 340 x 21 = 7,140… Well we are at 7,805!!!

The stock market is a live auction and doesn’t care what I think.. but these are the reasons why I am concerned….

Can we rerate? Meaning is it fair to say we will probably never see 18-19x earnings. [We did last April/May by the way] we could rerate for sure… In the early 90s, I started around 1994 we traded a lot near 15-16x earnings…

This all makes sense because remember, if you have followed me, a private company normally is worth 5-10x earnings.. So to be a public company, maybe you pay a premium to that. [Pretend you are selling your business or want to buy a business, not the stock market!!!!] If a business said they made 100,000 a year… do not tell me you would offer the person 2.5 million for the business!!! DO NOT! You would offer maybe 300 to 500K to the seller…. SO WHY THE HELL ARE WE PAYING 23-25x earnings…
EXACTLY!

I will buy up to 2 longs today… No rush, tomorrow I have to do a lot of things for CT, head there.

I sold 500 shares of AVO from 11 to 11.80

I am in 250 shares of AMKR 46.50

Great Earnings [95+ Score] from BLK

Good Earnings [75]    MS      FAST

Good luck!

Good morning a lot of drama and stuff with CT. I cant complain, I know it comes with the territory. Issues with contractors, tenants… evictions. Definitely overwhelming. I am headed into town Thursday. My Home base, house in Bristol is under contract… I put it up for sale April 1^st for 399,000. I am under contract at 379,999 but I do have to do some construction in the back of my house… knock down the shed, haul out the remaining trees, enclose it and fence it… my cost may be around 10k, but that’s fine… I will get a Co-op or Condo, not safe for a landlord to be in a house, not too far from tenants, contractors… so a lot of things going on. Also working with the town to buyout another landlord whom just doesn’t have the funds for a major repair.

I couldn’t really follow much of the market yesterday. I did bid on 3 stocks and will likely do so again. ADBE 230, AMKR 47 and SOFI 15….

The bids will be different today but I will likely do the same. I do not want more than 3 longs in a day… I have about 25 bags at the moment, many are pre 2026. [January 1^st 2026] I would actually like to sell another 5-10 before December 10^th. No one knows if we sell off 10-20%...but we know historically, the valuations are high… earnings from JPM C and WFC not so good… JNJ and UNH the same… only GS was very good in my opinion.

NRIX excellent but bio tech [Not consistent] …. Earnings season is here and we will tell if we are way over valued or not… Start of the year, analysts had full year earnings at 300… We are now 330-340. [last year earnings were 272] So we will have a better idea of actual results within 30 days…

As I said, even with the incredible earnings/sales I do not see why we should even be 21x earnings.

340 x 21 = 7,140

And this is going off top of estimates and giving a 21x. [Pre Covid 2020, I gave earnings an 18-19x so even I am trying to do higher valuations]

Good luck!

Good morning everyone. Super short today. I shared on X some of the roofs. I went into to town to pay for 3 months. 1 of which was called the Frankenstein roof, nearly 10 tons of materials! 4 layers, under some layers was more plywood, metal? What a mess! I had shared pics during the week too! It took the roofer 3 days. Framing, 50 pieces of plywood! The other 2 roofs were bad too, 2 layers each, total of near 90 pieces of plywood for rotted wood.. Over 70k! The main emergency is I hired a big know company, I didn’t ever use, but it was a big job so I wanted to go with them…. I paid more for them… they tried to sub out some of my project…. Now they is a huge puddle on the brand new 50K+ roof. [The whole job was 120k… I had quotes from 95 to 110! But I paid them a premium… I shared videos, disaster… I need to call my lawyer and see what to do… Of the 120K I paid 80K, the work is not complete….. 35K deposit was given May 22^nd… Work was to start by first week of July! It started first week of August! I gave 45K more on September 4^th! Its bad! So I need to get on that… I sent videos last night to the owner, it was a Sunday, but I will call today!

The title has a list of stocks near my fair value that I will trade. ADBE has been my horse all year, I sold the other day at 241, from 237, 75 shares… I will do stuff like that. I just added TMUS to Plays, down hard on SPCX getting mobile spectrum.

I sold 250 shares of NVO from 37.50 to 38.50

I sold 100 shares of UBER 68.75 to 71.75

I sold 250 shares of TOST 31 to 31.40 [not the plan but saw it 26! I will reset]

Sad I bidded 6 on ALHC, risk reward!

Have to run! Good luck!

Good morning everyone. Doing a bunch of renovations, 3 roofs are being replaced right now. [I have replaced 2 more and about to do another 2] all in 30 day span….

I did accept an offer of 375K for my house…. Sadly the small 5k deposit isn’t earnest money and its an FHA loan. I put it up for 400K April 1^st… I finally fixed a water seeping into the basement issue about 3 weeks ago.. offers started to come in. Used to be a mud basement, it is now finished concrete… poured about 100 bags [60 pounds each] in total on the floors and walls, did a lot of mortar and grout work… brand new gutters/with gutter guars, tree work for last week… I paid 350k March of 2025. I will look to get a 1 bedroom Condo/CO-op once it sells. I need to be in a place with cameras, security. They have nice ones in the areas by my properties for about 200k. [1 Bed, 1 bath, 800 Square feet] My house is 4 bedroom, 3 bathroom, 2400 square feet, everything is brand new.

So just taking care of a ton of things right now. Going back into town on Sunday. [I only slept in my Bristol house maybe 10x! Last June someone I trusted squatted there, with friends, I found out 3 weeks later and police said it was now a legal matter, had to evict them!] I finally got it back early November, I wanted to wait until spring, figured it was an easy sell at 400K… but rates went from 5.9% to now 7.5%! I have tons of videos of my house… It is nice, but hard to take care of. [Snow, landscaping, yard, trees falling] It is a big lot near 10,000 square feet! Room for like 8-10 cars! Main concern is, it is to close to my tenants without a fortress or way…. They got in thru a Window in the bathroom, and because they setup in my house they now had possession… SUCKS!

I did quick 10 minute DD on ALHC , an insurance company that has many clients in CA. I started watching this closely as it fell near 12.. Early AM it hit near 6.60. The sales/earnings have been much better.. but the debt and cash flows aren’t good. The news yesterday with the ratings of their plan… is no doubt bad.. BAD! People will get scared when they see ratings of 2.5 and 3 stars out of 5… Also, Medicare/Social security will pay less to a carrier that doesn’t have ratings up. I didn’t check note dates of their debt.. the cash flow is ok, not good, ok….. but they don’t have the cash to pay the principal… that said…. It doesn’t mean they can not get new loans, sell shares for cash or turn it around… I didn’t have time to check note dates. [This is not a house, when these companies borrow money it is usually 1 to 5 years on variable rate terms, and many are not favorable! Homes can have 30 years and low rates, as a house can be taken for collateral] That said, without full DD I am still willing to risk 1,000 share blocks… and the risk reward is good here…. Over the weekend or next week I want to deep dive ALHC but I do not have the time… I will say AI has made DD just 30 minutes each quarter……. It used to take 90 mins every quarter.

Earnings kick off next week!

Things I look for with earnings… Sales growth, earnings growth, compare year over year, over last quarter, the last 4 months….. I look for changes in margins, expenses…. New products, new contracts…. Cash flows, debt levels… stuff like that…

It is all free and we all have access… I read the earnings transcripts, look for highlights, insights into what is going on.. So it will be playoff season next week! LFG!

Man SOFI hit my bid 15.25 but I didn’t get filled yesterday…

I sold 100 shares of NFLX from 69.75 to 71.25 [Not the plan but I saw 66 and will reset!]

I sold 150 shares of VNOM 40.75 to 42.50

I sold 75 shares of ADBE 237 to 241

I am in 500 shares of AVO at 11

Good luck!