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Stock Thread (26 Viewers)
- Thread starter St. Louis Bob
- Start date
JAA
Footballguy
CR69
Footballguy
@hooter311 may want to weigh in here but for most, buying the underlying coin itself is the easiest route. Most of these are built on ethereum though there are other projects out there that operate on different blockchains (flow, wax, etc) so you can diversify a bit. I'm personally just betting on ethereum, it's about 40% of my crypto portfolio right now. Flow is backed some major corporations and investors though and is the platform Top Shots is built on so there is potential there.jamny said:
Other than that, people like NFTX (nftx.org) are developing NFT indexes so you can get exposure without needing six figures to buy a crypto punk. I'm not 100% sold on this approach though so I haven't really studied too much or bought any.
I agree with Gary Vaynerchuk that we are VERY early in this space and probably 99% of the coins, projects and NFTs themselves aren't going to be worth anything in a couple of years but if you can find the 1% that will retain value you'll do very well. I do 100% believe this is the future for artists, musicians, writers, video games, etc but it's like trying to invest in an internet company in the 90's.
jamny
Footballguy
I just figured that companies like Netflix, among others, have to invest in blockchain technology. Blockchain ETF's focus on those companies that are doing that, so they might provide good exposure with more diversity than a single company or coin would provide. NFT's are just the tip of the iceberg as far as blockchain but I'm guessing it's enough right now to raise up the tech itself until the next shiny new thing comes along.
CR69
Footballguy
I haven't seen anything about this, did they invest in blockchain companies or are you assuming they will? If it's the latter, why? Most blockchain innovation is based around decentralized projects or services which is the opposite of what companies like Google, Amazon and Netflix are doing. Flow and Ripple are probably the two largest exceptions to that rule though AFAIK.
Charlie Harper
Footballguy
R/WSB is buzzing that tomorrow is an important day for $UWMC since 3/19 has a bunch of $10 calls. From my feed it's definitely the #2 memotioned stock aside from GME.
Bob Sacamano
Footballguy
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hooter311
Footballguy
hooter311
Footballguy
I like dodds' fnko idea.
It could easily have the same kind of day as TKAT had yesterday some time soon. I just found out that TKAT was an nft related stock yesterday after it jumped 277%.
I'm a little behind in reading the thread if it's already been discussed.
Holy crap @beef, I didn’t see this until the morning. I thought you were just talking about the short report. How did their stock not tank after this tidbit of news?beef said:
https://www.thedrive.com/tech/39788/lordstown-motors-endurance-prototype-caught-fire-ten-minutes-into-first-test-drive
Just noticed the article mentions this was in the short report.
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beef
Footballguy
It's bad. I removed it from my watch list and doubt I'll ever own another share again. I had some great runs with it too and was a total believer last Fall. Duped by EVanon...
So glad I sold a double ago. There will be a bunch more of these TBH as we've seen a dozen+ LIDAR companies go public, two dozen+ EV companies, etc. The big automakers aren't going away quickly, so there won't be 50 EV companies in a few years.
I do think it's either GM/Tesla/rest of current big guys or Rivian. I don't put any faith in the other new guys.
McBokonon
Footballguy
It sounds bad when you put it that way. But another way to look at this is the prototype spent a whopping 90% of its first ten minutes NOT being on fire.
I tend to agree. Either that butt ugly Tesla or buy a car payment more than my house payment.
I hate when I miss earnings dates on things on my watchlist. UPST went crazy this morning and of course Yahoo had no earnings date listed. Definitely seemed like a disproportioned jump, but that's today's market. Beat handily and go down or go up 50%. The funny thing is that acquiring another company used to make your stock go down as you usually pay a hefty premium to acquire a company (whose stock goes up). Nowadays, companies like this can go up more that the company they are buying, as if it cost them nothing. I've seen that happen multiple times, very weird and makes valuations way too high since new stock gets issued to make the acquisition.
Still, dumb ### me waited too long to buy.
Still, dumb ### me waited too long to buy.
Wild Young Billy
A Crazy Cat
This is at 43% of normal daily volume already, I'm not sure what to make of that though.
JAA
Footballguy
What Im learning is that stocks with high social media volume are the most dangerous, GME included. YMMV
Was wondering why this is up so much, interest rates have been spiking like crazy again and up until a week or so ago UWMC was moving inverse to rates.
KGB
Footballguy
Sand
Footballguy
As a UWMC holder please let's avoid the GME comparisons. I'd like my short squeeze to actually have wings.
KGB
Footballguy
Actually, forgot, I also bought 2 options.
Expire 4/9
+65% today +$1066 in one day
I'm still new to options and just gambling though. Example, I have no idea when to sell. It's a lot more complicated with options.
DONE! up 88%
2Squirrels1Nut
Footballguy
My SUV is 13 years old and has 200k. It runs fine and looks great on the inside. However there are scratches down one side from when my kids were little and hit it constantly with their bikes.
REALLY want a EV self driving vehicle.
Sand
Footballguy
Probably best ROI you'll ever get in your life. Nothing wrong with taking a one day massive profit.Actually, forgot, I also bought 2 options.
Expire 4/9
+65% today +$1066 in one day
I'm still new to options and just gambling though. Example, I have no idea when to sell. It's a lot more complicated with options.
DONE! up 88%
Do that every day and you'll own the universe by about July 4th.
You could also roll out that call for a net credit and keep the bet on, but pocket some, as well.
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Sand
Footballguy
Correct.
In for a pile at $7.50 - about 5% yield. I'd be perfectly content with no price movement and collecting 5% forever.
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Desert_Power
Footballguy
I'll take the pop though.
CR69
Footballguy
The thing is, when volume slows, are they going to continue to be able to pay a 5% dividend?
ChiefD
Footballguy
Yeah, I bought this in my kid's accounts for that yield. Will add more as more cash becomes available.
2Squirrels1Nut
Footballguy
Ready for LAUNCH tomorrow
KGB
Footballguy
Nick Vermeil
Footballguy
drunken slob
Footballguy
Damn tough day. If I had just bought UPST when recommended I would feel a wee bit better but I guess it wouldn’t really have helped. It’s definitely gone up way too much based on the results.
I mean what was it two days ago when all these stocks that got battered were jumping. Nothing’s changed. Glad I have a nice chunk of cash to deploy just not sure when to do it. Need to really look at what I have and how much and figure out what else I need to buy and how much they are down.
Capella
Footballguy
Nothing ever changes. Just feels like everything is being controlled by algos and it seems kind of pointless. Frustrating.
John Kreese
Footballguy
Ouch. Have my eye on a few things and they just keep sinking lower.
