New Trades for Monday's Open None. For Tuesday, AAPL is close to a Buy, but no confirmation until Monday's close. At the bottom of the update is a summary of recent trades. Visionary, Sleeper Fund & The Police State A lot of folks did very well when I was picking stocks at the AllAllan blog, so for old times sake, let's mix things up this weekend with three stocks worth looking at from an outside-the-box point of view. Tesla (TSLA) and Ark Innovation Fund (ARKK) I have made no secret of my belief that Elon Musk, with his Space X and Tesla, is the visionary of our time. Just as it was Bezos and Amazon in the 2000's and Jobs with Apple in the 1990's. If you include Buy & Hold stocks in your account(s), there is no other stock on the board that I like better for a 5 year investment horizon than Tesla. The stock is also the number one largest holding of a little noticed stock ETF, Ark Innovation Fund (ARKK), which is up 65% in the past 12 months. What do they know that the Tesla/Elon Musk haters don't? How about how to make money in the stock market. ARKK is a great as well as diversified way to own a piece of TSLA, as it is its largest single holding (7.7%), and along with SSYS, NTLA, TWTR and ILMN make up close to one-third of Ark's portfolio. Axon Enterprise (AAXN) I found Axon literally in my own backyard, just about 5 miles up Scottsdale Road. They make tasers, body cameras and basically all things "police state." Nonetheless a Wave 5 Buy Signal (see below) is a Wave 5 Buy Signal. This trade sports a 1:4 risk:reward profile (stop @ $55). Ethical investors beware that the company does feed off of mayhem in the streets...but some might argue in a good way. Option traders can look at the Dec $65 calls, trading at about $8.50 and worth $35 if AAXN hits its EW target by December. TRADING TABLE
