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Posted April 14, 2021

Scott Stewart

By Scott Stewart

The Most Anticipated Stock Offering in a Decade

Welcome back to the Rude Awakening for Tuesday, April 13, 2021.

Recording premarket in the evening yesterday, the futures market overnight was same old, same old. Totally flat.

We have had that so often for the past week with the market in distribution mode. We are still at these all time highs, with equal number up volume and down volume stocks. And so the market is working its way through that.

But, of course, traders can always find opportunities!

And with a strong open this morning, the market is showing positive investor sentiment on strong earnings coming out.

Lets get into the stocks to watch today

The Most Anticipated Stock Offering in a Decade

Lets talk about ticker symbol COIN.

This has been one of the most anticipated stock offerings in a VERY long time.

This is coinbase, the massive warehouse for bitcoin and so many of the top cryptos out there. And they are KILLING it.

They show $1.8 billion in revenue in Q1, $800 million of that net income.

These are NOT the numbers you see from other companies before coming onto the stock exchange.

The question is, how is this going to trade? And how will supply and demand be absorbed?

Have a great trading day, folks.

Well talk tomorrow!

Regards,

Scott Stewart

Scott Stewart

Editor, Rude Awakening

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