Betting against "Zombies" companies and waiting for the "BIG" one!

Hi HODLers, Lions and Hiveans,

Call me a PermaBear (which I am not a I am long a lot of equities) but I do not buy into this crazy tech and WSB pumps...

I have therefore decided to start buying some out of the money PUTs on some of these stocks that I believe are equivalent to our shitcoins.

There is an ETF which has a lot of these $MEME.
https://www.roundhillinvestments.com/etf/meme/

Why are these companies good to short?

• They bounced back following the bottom of the market while their underlying business actually deteriorated since then
• Thye are mostly not profitable and have high debt levels. With rising interest rates, this is completely unsustainable.
• They are overvalued and badly run with some of them being in trouble with legal issues and lawsuits for different type of frauds, etc...

Top 10 Holdings of the MEME ETF

That's all! Are you making any trades? If yes, which ones?

Stay safe out there,

Previous Articles

• Threads is losing momentum as it has one main flaw!
  

• Top 3 "little" things needed right now to grow Leofinance!

• CEO of Polygon Labs is leaving and replaced by the Chief Legal Officer!

• Bitcoin and Ethereum are gathering pace!

Posted Using LeoFinance Alpha