loader image

So, I’m Embarrassingly German

by | May 12, 2023

My whole life is a lie. 

I was raised – nay – told – my entire life that I was Irish. 

My father owns an Irish pub in Baltimore County, Maryland. They bought and shipped all the materials for that bar from Ireland proper. 

I’ve been to more Irish celebrations than I know what to do with. 

I’m only 12% Irish. 

How do I know?


I just got my test back. 

Two things. First, let’s reveal my ancestry. 

And then, let’s actually learn about momentum indicators around this stock that has torn my entire world apart.


You’re NOT Irish, Garrett

So, I need to get rid of all the Irish flags, and start buying Lederhosen. Turns out that I’m not just a little German. 

I’m obnoxiously German. No wonder I felt at home drinking Dunkel at Epcot Center a few weeks ago. I’m 79% French/German – with a distinct marker that screams that my family is Bavarian.

23andme ancestry for Garrett

Oh, yeah, I’m 11.5% Irish, meaning I can celebrate St. Patrick’s Day, but I shouldn’t be allowed to talk about the heritage for another 11 months of the year. 

I also have some Viking blood, but this report screams that my life is a lie. 

Maybe this is the sort of report that puts this company out of business?

Can You Trade 23andMe?

I guess I just want revenge on this company. The best way to do so is to trade
23andMe (ME)

The company is completely unprofitable. Book per share is down around $1.66 – and based on the Relative Strength Index (RSI) and the Money Flow Index (MFI) – it’s in a downtrend. 

But pay close attention to those levels…


23andme chart


If we see the stock pull back to $1.80 or less, that’s where we’ll likely be at OVERSOLD levels. And if that is the case, it’s a good time to sell put spreads to the downside. 

At that point, we’re looking for short sellers to start covering positions. If the stock goes higher out of oversold conditions, we just buy the stock back.

This is how I plan to get my money from this company that will likely lead to a very difficult conversation with my parents over the weekend. 

I paid $100 for this test that shattered and defied 42 years of heritage mismanagement. 

If we get down to the oversold levels – that would support about $1.80, I’ll sell $2.00 puts for July – and I’ll be looking for this to rebound. 

You can do this with almost any name. Just set a nice tight stop on the puts. If you sell them at 40 cents, be willing to buy them back at 50 cents to prevent a serious loss. 

But if we follow the rules on these momentum indicators, we can pick off some profits in a short time frame by exploiting the short sellers. Just be patient, and wait for the RSI and MFI to get into oversold conditions.

Okay… I need to go call my dad and ask some questions.

To your wealth,

Garrett signature
Garrett Baldwin

*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. 

Market Momentum is Red

Momentum is red after a very structured selloff. I was looking for a reversion all day, but it never really came. We are still in an environment with strong bidding on the mega-cap tech names. 

WRITTEN BY<br>Garrett Baldwin

Garrett Baldwin

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link