Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Frank Zorrilla says he trades everything.
He’s the founder and chief investment officer of Zor Capital, and he recently joined Benzinga’s #PreMarket Prep to talk about why he won’t trade Apple Inc. (NASDAQ: AAPL) like a momentum stock.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“You can have a value stock that gets momentum,” he said. “It could be a small-cap. It could be a value play. It could be a beaten up play. If you’re talking about Facebook, LinkedIn, Twitter, I trade it.”
But when it comes large-cap companies, Zorrilla is not looking to buy breakouts. Zorrilla explained that he has a scan on large-cap, S&P 500, Dow Jones companies, etc., so he gets an alert if the stock has been down three days in a row and is up today.
“A company like Apple, I’m a buyer of that stock on pullbacks,” he said. “I think if you’re looking to trade breakouts, small-caps is the way to go.”
i don't own $TSLA but someone in the market for a tesla is not because of high or low oil prices
— Frank Zorrilla (@ZorTrades) December 8, 2014Zorrilla’s recommendation for playing big names like Apple is to wait for when the stock is down for three days and then up for one, or down from the 20-day or 50-day moving average, then buy on the pullbacks.
Zorrilla also talked about Lululemon Athletica inc. (NASDAQ: LULU) and crude oil.
Check out his full interview here:
Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.