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Stock Thread (26 Viewers)

identikit said:
PLGNF with the big pop today:  Up 24% today

What's up @General Malaise?
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I wouldn’t read anything into that. Yahoo doesn’t even show a chart for them today as the last trade was an hour and twenty minutes ago. It has a volume of 1000 today. That’s why I didn’t bother investing even a little bit. There’s literally no volume so if you need to sell a chunk it might take all day or never fill.

 
stbugs said:
I wouldn’t read anything into that. Yahoo doesn’t even show a chart for them today as the last trade was an hour and twenty minutes ago. It has a volume of 1000 today. That’s why I didn’t bother investing even a little bit. There’s literally no volume so if you need to sell a chunk it might take all day or never fill.
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Thanks eeyore...

 
pecorino said:
UUUU been on a downslide lately. Anyone know what's up with that?
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No idea but I've been watching this drop too.  For a little while this morning UUUU was down and UUUU+ was up.  I want to say the warrant conversion cost is $2.45???.  Normally the warrants are at a discount.  

 
Sold out of GBTC at a 33% loss, but I still have ETHE freeroll. Also started a position in BX, those guys just win in every scenario.

 
kevzilla said:
Sold out of GBTC at a 33% loss, but I still have ETHE freeroll. Also started a position in BX, those guys just win in every scenario.
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Just read an article on Quora saying how Ethereum is the thing to own, over Bitcoin and that it should explode 10x by the end of the year. 

Where is the all crypto market headed?

Months ago, when Bitcoin was at $60,000 and everybody was dreaming about $100,000 Bitcoin, I’ve already warned multiple times that with transaction fees this high, it doesn’t look so bullish and we could see a significant correction down and that it’s important to have stop losses in place.

Then, I said to rather invest in memecoins and well…it all happened like I predicted.

Established altcoins crashed by 80% and more while memecoins were the only coins that gave returns and many gave unbelievable returns of 10,000%.

Everyone that followed my advice made it through this bear crash very successfully and also had the chance to make much more money with memecoins than established altcoins. However, unfortunately many didn’t follow my advice and then complained about memecoins making so much money so quickly. This bull run really makes people irrational.

During these 2 last months bear cycle, we have been going back and forth in this $30,000-$42,500 channel.

The next resistance we have to break is $36,829.

Once that is broken, we have to break $42,500.

When will this happen?

In July or August, these will be huge months for crypto with all the improvements that are coming to Ethereum. Then, we can possibly also see Bitcoin $100,000 and a 10x for Ethereum.

However, Bitcoin probably won’t go much higher than that this year, because Ethereum will take over and replace Bitcoin as the number 1. Why?

Because Bitcoin’s fundamentals have been weakening every month.

It failed to break into mainstream and its image will always be tainted by its massive, unnecessary energy use. Sure, miners can spruce up renewable use, but that’s also another misleading narrative, because if Bitcoin weren’t that wasteful, the renewable energy that it needs could be used to replace fossil fuels.

It’s simply really easy to criticize Bitcoin. Its outdated technology, very wasteful energy use, terrible scalability and security simply makes it easy to find a lot of real issues.

That’s what prevents Bitcoin from going mainstream. It can grab the attention of libertarians and get people excited, but it flames out at the end, because it can’t grab the attention of corporate CEOs, millennials and Gen Z, because they highly value environmental protection. Bitcoin’s technology simply can’t keep up with its promises.

At the same time, much better solutions have come out. They don’t have any adoption, but there is one that has. Ethereum. It also has a lot more adoption than Bitcoin already and many more things that I will explain in-detail soon.

Also, you can’t really find any criticism in Ethereum. Its network is bussin, outpacing Bitcoin in every way with 10x more transactions than Bitcoin (!).

Source: https://bitinfocharts.com/en/comparison/transactions-btc-eth.html

The ecosystem is growing like a wildfire with DeFi, NFTs, Memecoins and the next trend will not keep waiting for long.

Conclusion

We are currently going back and forth in the $30,000 to $42,500 channel, but we will break this channel in July/August, mostly thanks to Ethereum.

Bitcoin is becoming more and more irrelevant and almost no one is using it anymore, it just serves as a peg for altcoin trading and that status is declining more and more by the day as well.

It has been tested if it is fit for mainstream and it did not pass the test.

Other, much more viable candidates are already eating away at Bitcoin.

It is possible that Bitcoin will briefly recover some Bitcoin dominance, but it will be quite hard for it to take away much from Ethereum.

After July, I don’t see any chance for Bitcoin to outperform Ethereum anymore. At that point, Ethereum has simply become vastly more powerful and capable for Bitcoin to do anything.

Marius Kramer

#1 Writer on Cryptocurrencies worldwide - Updated July 5th

 
Last edited by a moderator:
Swaymoney said:
Just read an article on Quora saying how Ethereum is the thing to own, over Bitcoin and that it should explode 10x by the end of the year. 

Where is the all crypto market headed?

Months ago, when Bitcoin was at $60,000 and everybody was dreaming about $100,000 Bitcoin, I’ve already warned multiple times that with transaction fees this high, it doesn’t look so bullish and we could see a significant correction down and that it’s important to have stop losses in place.

Then, I said to rather invest in memecoins and well…it all happened like I predicted.

Established altcoins crashed by 80% and more while memecoins were the only coins that gave returns and many gave unbelievable returns of 10,000%.

Everyone that followed my advice made it through this bear crash very successfully and also had the chance to make much more money with memecoins than established altcoins. However, unfortunately many didn’t follow my advice and then complained about memecoins making so much money so quickly. This bull run really makes people irrational.

During these 2 last months bear cycle, we have been going back and forth in this $30,000-$42,500 channel.

The next resistance we have to break is $36,829.

Once that is broken, we have to break $42,500.

When will this happen?

In July or August, these will be huge months for crypto with all the improvements that are coming to Ethereum. Then, we can possibly also see Bitcoin $100,000 and a 10x for Ethereum.

However, Bitcoin probably won’t go much higher than that this year, because Ethereum will take over and replace Bitcoin as the number 1. Why?

Because Bitcoin’s fundamentals have been weakening every month.

It failed to break into mainstream and its image will always be tainted by its massive, unnecessary energy use. Sure, miners can spruce up renewable use, but that’s also another misleading narrative, because if Bitcoin weren’t that wasteful, the renewable energy that it needs could be used to replace fossil fuels.

It’s simply really easy to criticize Bitcoin. Its outdated technology, very wasteful energy use, terrible scalability and security simply makes it easy to find a lot of real issues.

That’s what prevents Bitcoin from going mainstream. It can grab the attention of libertarians and get people excited, but it flames out at the end, because it can’t grab the attention of corporate CEOs, millennials and Gen Z, because they highly value environmental protection. Bitcoin’s technology simply can’t keep up with its promises.

At the same time, much better solutions have come out. They don’t have any adoption, but there is one that has. Ethereum. It also has a lot more adoption than Bitcoin already and many more things that I will explain in-detail soon.

Also, you can’t really find any criticism in Ethereum. Its network is bussin, outpacing Bitcoin in every way with 10x more transactions than Bitcoin (!).

Source: https://bitinfocharts.com/en/comparison/transactions-btc-eth.html

The ecosystem is growing like a wildfire with DeFi, NFTs, Memecoins and the next trend will not keep waiting for long.

Conclusion

We are currently going back and forth in the $30,000 to $42,500 channel, but we will break this channel in July/August, mostly thanks to Ethereum.

Bitcoin is becoming more and more irrelevant and almost no one is using it anymore, it just serves as a peg for altcoin trading and that status is declining more and more by the day as well.

It has been tested if it is fit for mainstream and it did not pass the test.

Other, much more viable candidates are already eating away at Bitcoin.

It is possible that Bitcoin will briefly recover some Bitcoin dominance, but it will be quite hard for it to take away much from Ethereum.

After July, I don’t see any chance for Bitcoin to outperform Ethereum anymore. At that point, Ethereum has simply become vastly more powerful and capable for Bitcoin to do anything.

Marius Kramer

#1 Writer on Cryptocurrencies worldwide - Updated July 5th
Click to expand...
Except ETH upgrades aren't scheduled to come out until 2022 at the earliest.  What makes this July/August so special?

 
stbugs said:
So glad I dumped that stock. Wish I was smarter and dumped it a bit higher. Seemed like it had a chance to merge with a much more interesting stock.
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Thing is, the trust value was so high that it could really only invest in a handful of companies. Or do a half deal like they tried.

 
Have shifted some cash into VOO this AM. Anyone looking at anything particularly beat up for some swing trades? I see Airlines have been really beat up.

My personal opinion is the worsening covid situation may need more time to playout.

 
Desert_Power said:
My personal opinion is the worsening covid situation may need more time to playout.
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This.

Is this the Delta Variant correction of the summer?

I'll be pissed if the dow jumps up 600 points tomorrow, but, I'm sitting pat for a few days - weeks to see if we get into true correction territory.  It was almost exactly a month last time before the bounce.

[long money trying to time the bottom when to push in the chips]

 
Interestingly, not a huge bloodbath anymore as some tech stocks looking good. Glad I moved my last SPAC money into FLGT at $75. Seems like (unfortunately) COVID testing is going to keep being a cash cow. Maybe they’ll hit their market cap in cash.

 
stbugs said:
Interestingly, not a huge bloodbath anymore as some tech stocks looking good. Glad I moved my last SPAC money into FLGT at $75. Seems like (unfortunately) COVID testing is going to keep being a cash cow. Maybe they’ll hit their market cap in cash.
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Thanks to FLGT and SE, one of my accounts is actually green :)

 
Capella said:
Anybody heard of KULR? I have a buddy who is a financial advisor (mentioned him months ago, very passive) and he went heavy on this. Said he thinks it will pay for his kid’s college one day etc etc. 2 bucks a share now so I bought a handful of shares to just follow it but curious if anybody else here has this one. 
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Never heard of it. The 2017-2020 revenue chart isn’t heart warming (https://finance.yahoo.com/quote/KULR/financials?p=KULR) but they could still be in pre-revenue stages and their last quarter did go up nicely so maybe. Even pro-rating on their last quarter alone, the price to sales is well over 100 but again they could really be like QS and not have meaningful revenue numbers. Their profile says 9 employees and they mention NASA work but $900k in 2020 revenue sure wouldn’t signal anything significant with NASA.

Stuff like this:

https://kulrtechnology.com/kulr-announces-supplier-partnership-of-nasa-grade-carbon-fiber-cooling-technology-for-drako-motors-electric-supercar/ 

Back 1 year ago doesn’t give me the warm fuzzies either. I mean just in this thread alone I’ve heard of dozens of EV companies even odd ball ones doing three wheelers and I sure as #### have never heard of Drako outside of Harry Potter.

Any way, I wish I knew more but the web site is too much pure marketing so it’s hard to see if they have any future deals or real partners that would translate into revenue down the road.

 
stbugs said:
Never heard of it. The 2017-2020 revenue chart isn’t heart warming (https://finance.yahoo.com/quote/KULR/financials?p=KULR) but they could still be in pre-revenue stages and their last quarter did go up nicely so maybe. Even pro-rating on their last quarter alone, the price to sales is well over 100 but again they could really be like QS and not have meaningful revenue numbers. Their profile says 9 employees and they mention NASA work but $900k in 2020 revenue sure wouldn’t signal anything significant with NASA.

Stuff like this:

https://kulrtechnology.com/kulr-announces-supplier-partnership-of-nasa-grade-carbon-fiber-cooling-technology-for-drako-motors-electric-supercar/ 

Back 1 year ago doesn’t give me the warm fuzzies either. I mean just in this thread alone I’ve heard of dozens of EV companies even odd ball ones doing three wheelers and I sure as #### have never heard of Drako outside of Harry Potter.

Any way, I wish I knew more but the web site is too much pure marketing so it’s hard to see if they have any future deals or real partners that would translate into revenue down the road.
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Yea he mentioned something about batteries and nasa. I don’t like talking on the phone so I was kind of dozing off tbh. 

 
Capella said:
Yea he mentioned something about batteries and nasa. I don’t like talking on the phone so I was kind of dozing off tbh. 
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It’s hard to take a company seriously when the front page says this:

Find out how KULR Technology Group is taking its space-proven solutions for electronics and lithium-ion batteries to serve the world of electric transportation, energy storage, battery safety, 5G infrastructure, cloud computing, and aerospace and defense applications.

And it has $900k in annual revenue and 9 employees. Do they have 1 person looking at every market, 1 CEO and 1 guy doing R&D? Find a niche and grow the revenue/product and go from there.

Note that there was a Fox News interview with the company about working on a Mars rover project about 4 months ago. We all remember the Fox News CYDY stuff, so maybe your friend got involved from that. All it takes now is a tweet and these tiny companies can move. It’s odd that they were interviewed because they’ve got maybe a few million in revenue over the past four years so they were a pimple on the ### of a gorilla which was almost $3B in cost. Even if all their revenue was related to that project, they were 0.1% of it.

 
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McBokonon said:
That’s what the talking heads are attributing it to. I’m overall up on the day but the mix is weird. 
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It is an odd mix because wouldn’t you think Amazon would do wonders if Delta caused lockdowns?

I’m up a tiny bit but Amazon is a big drag, which is weird considering it should get more of a pop today. Maybe being part of so many ETFs, etc. hurts it to a degree.

 
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stbugs said:
It is an odd mix because wouldn’t you think Amazon would do wonders if Delta caused lockdowns?
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Most of my red has reversed to green now so I'm actually having a very strong day now. But yeah, usually I have the same stuff more or less moving in unison - different degrees but same general direction. It wasn't quite like that when I posted that.

Also, FLGT is exploding. I'm reminded that besides the fact they have a Scrooge McDuck money vault they can swim in, their short interest is also around 30%. 

 
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