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On 11/29/18 Berkshire Hathaway disclosed that they took an 11.3% stake in $STNE a recent IPO that is in the credit card processing business in Brazil. You can read it about it HERE. Yesterday StoneCo $STNE reported; Adjusted net income soared to 89.3 million Brazilian reais from 5.7 million a year ago. Revenue jumped 121.4% to 414.1 million Brazilian reais. As of Sept. 30, StoneCo had 234,400 thousand active clients, up 127% from a year ago. Payment volume surged 84% to 21.8 billion Brazilian reais. Link. StoneCo sales and earnings data for the last 8-quarters has been impressive, chart via @MarketSmith $STNE [...]

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Current State Of The Market and What To Expect; 1. 54 names in the $QQQ are down 20% or more from their 52-week high. 2. Does the market go up and down during bear markets? 3. Should you hold on to your losers? 4. What can the 30-minute chart tell us?   ZorTrades_Beta Is Now Live, Check It Out.

Michael Steinhardt, one of the pioneers in the hedge fund industry once said that he probably has shorted more stocks than anyone else and when he looks back cumulatively at all his shorts he probably broke even on them. Here are some of the rules I have when it comes to shorting; 1. Don’t short oversold markets; the market has a history of bailing out the bulls, not the bears. Currently, we are somewhat oversold, and you might hear that oversold can become more oversold, but the odds always favor a dead cat bounce than an outright crash. I still prefer [...]

The market continues to be under pressure; the S&P500 is down -8% since it peaked in 9/20/2018, the small caps $IWM the weakest of them all is down -13% since it peaked on 9/4/2018. Most individual names are down a lot more than that. My advice when the market corrects is pretty consistent every time, be diligent with your stocks, take your losses, move on, and live to fight another day. Unlike the indices, stocks come and go, some go and never come back.  The indices tend to move higher over time. The average intra-year decline in the S&P500 in [...]

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.  See How I Translate My Tweets & Blogs Into Actual 3rd Party Verified Trades Work With Me DISCLAIMER

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.  See How I Translate My Tweets & Blogs Into Actual 3rd Party Verified Trades Work With Me DISCLAIMER

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.  See How I Translate My Tweets & Blogs Into Actual 3rd Party Verified Trades Work With Me DISCLAIMER

Where a stock has come from is very important when considering buying a "BREAKOUT". The probabilities of a stock moving higher after being up 5,6,7-days in a row before are slim. The context of the "breakout" is important. You shouldn't buy a breakout just because it eclipsed a previous high especially if the stock made a big move just prior to breaking out. Sure, every so often the market will reward chasing but more often than not you are going to catch some heat first before getting paid if you buy "breakouts" in stocks that are already extended.   Frank Zorrilla, [...]

Constellation Brands $STZ plan to invest an additional $4 billion in Canadian pot producer $CGC (stake up to 38%) put all the Cannabis stocks in play for the week and possibly for the next few months just like Bitcoin did for certain "bitcoin" stocks last year. Some of these stocks made a huge move in the last week and should not chase them, allow them to set-up properly before you step in. A lot of the names trade on the pink sheets, so you have to be real careful or avoid them, some of the more liquid known names are; [...]