Will history repeat?
$Hut 8(HUT.US$ is a rather slow moving stock with occasional bouts of spikes. What I like is it seems to have bottom at 6ish with potential to go to 12, 18 or even 22. I don’t recommend playing calls because it’s hard to predict when exactly it is going to rally. Ideally I hope it can rally by mid July, but it may also happen in August. (Nothing is 100%)
Now the question is whether I want to buy before 12/Jun/2024 CPI/FOMC day. I guess if I do buy before that, I will also get some short term puts just in case it goes against me. But that being said, as long as you have the holding power (financially & mentally), I still think HUT is a potential stock that may rally anytime.
To me, it is better than holding a 5% dividend stock for a year or SSB for 3%. Don’t forget a dividend stock will move up or down too. Only SSB is risk free. But for that 3%, I rather spend 1 less holiday and I can easily save a few times that amount.
Don’t be a slave to your lifestyle guys. Good luck. Cheers.
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PS: Personal opinions and not meant to be financial advice.
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