Williams’ position on bitcoin now represents a change from earlier in the month, when he felt he had missed a strong move to the upside. At that point, he warned investors against chasing the trade, telling them to wait for the pullback that has now occurred.
Jeff Williams is the lead trader of PennyPro.com. He is a short-term trader of stocks under $5 a share. At the time this interview was recorded on Nov. 12, he had no shares options or open orders in BTSG or any other bitcoin-related security, though he was planning to watch and trade BTSG as described in this conversation. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.