It’s time again for every trader’s favorite game…
Bang, Buy, Bust!
For those who want to play along at home, I’m going to share three stock tickers with you.
One of them is a bang for a quick return… another is a buy and hold.. and the third is a bust that stinks so bad, I wouldn’t buy it with someone else’s money!
Today’s buy is way out of the norm for my taste. Some would call it “conservative.” Others might say, “Lance, you’re losing it. An inflation stock play? What happened to that crazy degenerate trader we know and love?”
But this situation has profit potential that just can’t be ignored!
Before we get to the buy, let’s take a look at today’s bang.
If you’ve been keeping up here at The Future of Wealth (and you should be!), you’ll know all about Mudrick Capital Acquisition Corp. (Nasdaq: MUDS).
MUDS is a SPAC that’s ready to acquire sports trading card and memorabilia firm The Topps Company.
I will be clear: It is a SPAC. It is considered a growth stock. SPACs and growth stocks have taken it on the chin recently… This stock jumped from under $10 in April and hit a new high of $18.78 earlier this month.
Shares have given back some of those gains but on Wednesday, Citron Research put MUDS on blast for Fox Business viewers.
That shout out popped the stock over 8% in about an hour, and put it back on my radar for some short-term profits.
So while inflation fears were creeping into the market, every headline and talking head out there were screaming about crypto.
Now I’m no doomsday prepper, but the situation we have here, I like silver and gold.
That’s why my new buy is SSR Mining Inc. (Nasdaq: SSRM). It’s a Canadian miner with operations scattered around the Americas and Europe.
But for all the talk of inflation stock plays, there are two technical reasons why I like this trade here.
Check out the quick video below and I can show you what I’m talking about in this inflation stock play — as well as the company you should avoid at all costs. Let me know in the comments if you think my inflation stock play is on the money, or if you think I’ve lost my marbles.
P.S. What do an 83% stock price dip, dividend cuts and a mountain of debt have in common?
They were all bad news headlines about Apache Corp. in April 2020.
So with those awful headlines, how did I know to buy in at that time…
And walk away with a 157% return just over a month later?