Is COIN a good speculative trade now?

[MarathonMike]

COIN didn't make the S&P 500 and is being crushed today. Just for speculation IMO but it might be an over-raction selloff. I sold at $232 might buy back in if it keeps dropping.

 

[Cellblock2429]

COIN didn't make the S&P 500 and is being crushed today. Just for speculation IMO but it might be an over-raction selloff. I sold at $232 might buy back in if it keeps dropping.

/—-/ I’m writing covered calls at 20% delta for $350 a week.

 

[JohnDB]

COIN didn't make the S&P 500 and is being crushed today. Just for speculation IMO but it might be an over-raction selloff. I sold at $232 might buy back in if it keeps dropping.

Nope....
There's good reason for the sell-off.

First they got hacked and lost a TON of money in people's wallets.

Then CCP unveiled it's 105 q-bit chip last week that smokes Google's 3 q-bit chip by being over a million times faster....meaning ALL modern encryption like block chain encryption is done.

There is nothing that is going to stop the free fall. Short it....don't buy and hold. You can't beat or hope or pray the market into doing what you want it to do.
Be positioned ahead of what the bipolar market will do.

The vix is up and high today by 7% or more.
Cocoa and coffee are up...