Stock Thread (18 Viewers)

[The Ref]

My main conclusion on BTC - I’ve arrived at the decision that it’s more risky to not own some than the risk of tulip bulb.

I mean we one more 10 bagger away from half a million a coin.  It’s gone from $5 to 45k in 10 years.  It’s not that outrageous and now that Wall Street is in they may take it to much higher.

not going “all in” but got to have some.

 

[Bob Sacamano]

my unprofessional opinion the days of needing to worry about waking up one morning and finding out BTC went Bennie baby or tulip bulb are becoming less and less.  

Bennie Baby is the name of Studs & Duds' FBG alias, investment firm, and adopted son fathered by Elton John and Indian Janets

 

[CFB Sicko]

I was a BTC skeptic until 2 weeks ago.  I bought the dip and am up to half a coin on my way to a full coin in the next few weeks (I hope).

My big fear was always in it never being adopted beyond criminals, drug dealers and gamblers.  Now a more wretched hive has entered the space, Wall Street.  Greyscale PayPal square Tesla micro strategy all invested to significantly invested.  Micro strategy had a seminar on how to implement a BTC treasury and 7000 companies showed up including Disney and MGM.  Oracle is speculated to be next and for not shoddy reasons.  Anyone jumping in even in part is being rewarded by a valuation jump.  
 

In my unprofessional opinion the days of needing to worry about waking up one morning and finding out BTC went Bennie baby or tulip bulb are becoming less and less.  The chances that this moons to six figures is increasing every day.

major milestones

1 continued adoption on wall st

2 municipal adoption for payments (city of Miami supposedly going to start taking it)

3 A Wall Street bank holds it.  May not be the bank of Citibank but city Corp due to fed rules.  IMHO this would be a game changer

4 - and admittedly we are years and decades away from this - the US treasury adopts it.  This would be gigantic and signal major cha te to the dollar as reserve currency.  This is admittedly pie in the sky and decades out

gosh darn, pal. Well said.

 

[JAA]

For those in $NGA. Apparently we're in the electric tractor business now. Yay?

Meritor Awarded New Business to Produce Electric Powertrains for Lion Electric

NEWS PROVIDED BY

Meritor, Inc. 

Feb 03, 2021, 06:45 ET

SHARE THIS ARTICLE

TROY, Mich., Feb. 3, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it has been awarded a three-year supply agreement with Lion Electric, a Canadian manufacturer of medium and heavy-duty zero-emission vehicles. Meritor will supply Lion Electric Class 8 tractors with its Blue Horizon™ 14Xe™ integrated ePowertrain. Production is scheduled for mid-2021.

"Lion Electric is driving the future of sustainable mobility in the commercial vehicle space, and Meritor is proud to provide Lion Electric with electric powertrain technologies that meet the needs of its next-generation tractors," said T.J. Reed, vice president of Global Electrification for Meritor. "This award is a testament to the commitment we've made to investing in advanced technologies, so we can continue being a trusted partner and supplier of electrification technologies for the industry."

Meritor's 14Xe all-electric, fully integrated, commercial electric powertrain for medium- and heavy-duty commercial vehicles, will be produced in Asheville and Forest City, North Carolina.

I read some DD on this.  I'm in for a tiny amount for a long term hold.  Love it!  Apparently AMZN also bought some products from these folks.

 

[JAA]

I sold my position in C today.  Had the stock for 10 years and only up 58%.  Was a small holding, maybe 2%.

Time to move on from some of my older investments which aren't any better than my 401k.

 

[Dwayne Hoover]

TRUFF is interesting.  Out of no where their volume is now over 2m.  Any idea what is going on here?  What do you like about them?

I've posted on TRUFF before but the biggest selling point IMO is the team that they are assembling.

Bruce Linton was the founder of Canopy Growth and he is their top adviser.  Linton has already taken a company where regulations were not clear and turned it into one of the most successful Cannabis companies.  He has the chops to navigate this environment.

TRUFF already has product that they are selling in the Netherlands.  They at least have a revenue stream.  I'm not going to pretend that it's enough at this point but at least they have money coming in to help support some of their investment.

They have a former health minister from Canada as a Senior Adviser.  Having political connections is going to be key and I do believe that Canada will be their first venture into North America.

Right now, TRUFF is focused on recreational and countries where the laws are more ambiguous.  The Caribbean is a focus and some select countries with looser laws will be the next phase of expansion to get their product in the market.

 

[Capella]

YOU CAN'T STOP COBALT BLOCKCHAIN YOU CAN ONLY HOPE TO CONTAIN IT!!!!!!!!!!!!!!1111111111111111

I cannot believe there is a chance I may get back in the green on this. 

 

[cosjobs]

YOU CAN'T STOP COBALT BLOCKCHAIN YOU CAN ONLY HOPE TO CONTAIN IT!!!!!!!!!!!!!!1111111111111111

CBLT INC (CBBLF) up 241% since I purchased in May and Dec. Wish I had invested more than $500

 

[General Malaise]

Alright, raised some cash, jumped into GBTC @ $48.08.  Already up $4.50 LAMBO BABY!!!!!!

 

[cosjobs]

My big fear was always in it never being adopted beyond criminals, drug dealers and gamblers.   

2 municipal adoption for payments (city of Miami supposedly going to start taking it) cartel $$

3 A Wall Street bank holds it.  May not be the bank of Citibank but city Corp due to fed rules.  IMHO this would be a game changer criminals

4 - and admittedly we are years and decades away from this - the US treasury adopts it.   gamblers

Still the same

 

[cosjobs]

I read some DD on this.  I'm in for a tiny amount for a long term hold.  Love it!  Apparently AMZN also bought some products from these folks.

Does David Dodds like it in a keeper league format?

 

[cosjobs]

UVXY looks like tis trying to make a run. Pretty much resistance in the 10.40s, but if it breaks through solidly, it could take a nice ride up.

 

[beef]

I sold my position in C today.  Had the stock for 10 years and only up 58%.  Was a small holding, maybe 2%.

Time to move on from some of my older investments which aren't any better than my 401k.

I had C for a bit, not 10 years, but struggled to hold it any longer.  Some of these bank stocks just don't move enough or get me excited, but I want exposure and think they will continue to rebound the next few years.  I transferred what I had in C and JPM to BNKU for the 3x leverage.  Only leveraged ETF I feel good about going long on.       

MS Morgan Stanley 10.45%

GS Goldman Sachs Group Inc 10.34%

C Citigroup Inc 10.22%

JPM JPMorgan Chase & Co 10.15%

BAC Bank of America Corp 10.03%

PNC PNC Financial Services Group Inc 10.02%

SCHW Charles Schwab Corp 9.84%

USB U.S. Bancorp 9.63%

WFC Wells Fargo & Co 9.52%

 

[Desert_Power]

3 A Wall Street bank holds it.  May not be the bank of Citibank but city Corp due to fed rules.  IMHO this would be a game changer

4 - and admittedly we are years and decades away from this - the US treasury adopts it.  This would be gigantic and signal major cha te to the dollar as reserve currency.  This is admittedly pie in the sky and decades out

Bitcoin is not a currency and will never be used that way. Stablecoins will be adopted eventually by these institutions though.

 

[Desert_Power]

I had C for a bit, not 10 years, but struggled to hold it any longer.  Some of these bank stocks just don't move enough or get me excited, but I want exposure and think they will continue to rebound the next few years.  I transferred what I had in C and JPM to BNKU for the 3x leverage.  Only leveraged ETF I feel good about going long on.       

Given that banks are likely to go on a buyback binge this year, this seems like a safe bet. I have more than enough banking exposure though.

 

[2Squirrels1Nut]

You are forgetting about all the potheads that can't afford more than a few bucks. They dgaf about market cap and stuff.

One of you smart people here to need to start a Stems & Seeds Inc. ETF  that the members of this thread can own and sell shares of.

 

[kevzilla]

One of you smart people here to need to start a Stems & Seeds Inc. ETF  that the members of this thread can own and sell shares of.

I thought that was STMH? SMH

 

[Desert_Power]

You are forgetting about all the potheads that can't afford more than a few bucks. They dgaf about market cap and stuff.

I was going to buy some stonks, but then I got high.

 

[Bob Sacamano]

One of you smart people here to need to start a Stems & Seeds Inc. ETF  that the members of this thread can own and sell shares of.

Or I could eat these corn chips.

 

[caustic]

I had C for a bit, not 10 years, but struggled to hold it any longer.  Some of these bank stocks just don't move enough or get me excited, but I want exposure and think they will continue to rebound the next few years.  I transferred what I had in C and JPM to BNKU for the 3x leverage.  Only leveraged ETF I feel good about going long on.       

Oh, this is interesting. Yesterday one of the chart guys I follow on twitter mentioned that financials were ready for a breakout: https://twitter.com/allstarcharts/status/1359244241617182728

Might have to dabble in some BNKU.

 

[beef]

Stems and Seeds...  Used to have a nice stash I saved for droughts or when I was jonesing during those poor highschool years.  And I still call total BS to the rumor that smoking beaners will make you sterile.    

 

[kevzilla]

I wish I was allowed buy STMH's products, but the Texas Legislature will tax blue hair before they legalize gambling or cannabis. Not that LVS, among others, aren't trying.

 

[Bob Sacamano]

I wish I was allowed buy STMH's products, but the Texas Legislature will tax blue hair before they legalize gambling or cannabis. Not that LVS, among others, aren't trying.

I can't even play daily fantasy legally.

 

[Bob Sacamano]

I can't even play daily fantasy legally.

But we did just legalize weed. So there's hope.

 

[dino259]

I was going to buy some stonks, but then I got high.

And then the stonks got high!

 

[Ridgeback]

Most of the companies on that ETF can be bought individually in the USA.

I'd like to have a few.  MMED is one I've been watching, would still like a pullback before adding.

TRUFF I really like and own but going to add a couple more.  

LKYSF (numinus wellness) is one Im adding for sure

Just added LKYSF to go with TRUFF in my psychedelic portfolio. It might be way early in the game, as legalization in the states might take a long time, but we said the same thing about the cannabis market too. 

 

[urbanhack]

I was going to buy some stonks, but then I got high.

You need to try some Tropicana Cookies. You'll just do everything better.

 

[Ridgeback]

I've been both a micro and macro doser for my adult life.  The effectiveness of this treatment will overcome the stigma sooner than later.

I think more people would be willing to give it a try than you would think.

Yeah, it's all relative too. I consider a third of a gram a micro dose, but my friend who goes deep with 5-7 grams considers my macro dose of 1.5 grams micro. 

 

[Angry Beavers]

i have an old 401k  - ready to move it to a self - directed IRA - anyone have any recommendations about the best place to move it to?  TIA

 

[urbanhack]

i have an old 401k  - ready to move it to a self - directed IRA - anyone have any recommendations about the best place to move it to?  TIA

I'm in the process of doing this right now.  401K was at Transamerica through former company and I just moved it into a rollover IRA at Fidelity.  I'm piecing my strategy together now.

 

[hooter311]

Yeah, it's all relative too. I consider a third of a gram a micro dose, but my friend who goes deep with 5-7 grams considers my macro dose of 1.5 grams micro. 

Lol.  Yeah, 1.5 grams is full blown trip for anyone.  7 grams and you're talking to your maker.

 

[stbugs]

i have an old 401k  - ready to move it to a self - directed IRA - anyone have any recommendations about the best place to move it to?  TIA

Fidelity works great. I’ve never had a trading issue but I don’t do options or margin although that likely won’t matter to you in an IRA.

I just rolled my wife’s old company IRA and it was a piece of cake. Open the rollover IRA and did a withdrawal at T. Rowe Price and Fidelity had a nice set of instructions on what to do and you could use the app to deposit the check. I figured I’d have to deposit that in person but the app could do it even though it’s made out to Fidelity for you. 

 

[JAA]

TRUFF is interesting.  Out of no where their volume is now over 2m.  Any idea what is going on here?  What do you like about them?

I've posted on TRUFF before but the biggest selling point IMO is the team that they are assembling.

Bruce Linton was the founder of Canopy Growth and he is their top adviser.  Linton has already taken a company where regulations were not clear and turned it into one of the most successful Cannabis companies.  He has the chops to navigate this environment.

TRUFF already has product that they are selling in the Netherlands.  They at least have a revenue stream.  I'm not going to pretend that it's enough at this point but at least they have money coming in to help support some of their investment.

They have a former health minister from Canada as a Senior Adviser.  Having political connections is going to be key and I do believe that Canada will be their first venture into North America.

Right now, TRUFF is focused on recreational and countries where the laws are more ambiguous.  The Caribbean is a focus and some select countries with looser laws will be the next phase of expansion to get their product in the market.

Excellent DD, thank you.  For longer term holds I believe the leadership team is #1.  YEA IM TALKING TO YOU CYDY!!

 

[cosjobs]

You need to try some Tropicana Cookies. You'll just do everything better.

I need that

 

[drunken slob]

Thanks to whomever recommended $SAENF. Sold 500 shares after a 50% gain.

 

[JAA]

I sold my position in C today.  Had the stock for 10 years and only up 58%.  Was a small holding, maybe 2%.

Time to move on from some of my older investments which aren't any better than my 401k.

I had C for a bit, not 10 years, but struggled to hold it any longer.  Some of these bank stocks just don't move enough or get me excited, but I want exposure and think they will continue to rebound the next few years.  I transferred what I had in C and JPM to BNKU for the 3x leverage.  Only leveraged ETF I feel good about going long on.       

MS Morgan Stanley 10.45%

GS Goldman Sachs Group Inc 10.34%

C Citigroup Inc 10.22%

JPM JPMorgan Chase & Co 10.15%

BAC Bank of America Corp 10.03%

PNC PNC Financial Services Group Inc 10.02%

SCHW Charles Schwab Corp 9.84%

USB U.S. Bancorp 9.63%

WFC Wells Fargo & Co 9.52%

Excellent posting.

 

[JAA]

i have an old 401k  - ready to move it to a self - directed IRA - anyone have any recommendations about the best place to move it to?  TIA

Im a vanguard guy, Ive had a lot of success there.  That said, I have all my investments there outside my TD Ameritrade account (was originally a Scottrade account)

 

[Ridgeback]

Lol.  Yeah, 1.5 grams is full blown trip for anyone.  7 grams and you're talking to your maker.

Yeah, he likes to blast through the point of no return. At least when I do 1.5 grams, I can still hang onto my ego. 

 

[JAA]

One of your stonk clowns convinced me to buy DHT Aug last year.  I'm about to break even, any reason to keep this POS?

 

[Bonfire]

Took a flier on this yesterday.  Up 40% pre-market.  Am I seeing this right?  

Thanks for the post!

Was going to be my first SPAC, was reading up on it and was going to buy if I liked at some point this week.  Missed the train.

 

[FreeBaGeL]

I'm jealous you're getting to move your 401k.  I have a 401k for current job and rolled over IRA from my last job.  The current 401k started last year at 20x the size of the IRA (rolled over from a job I only worked at for a few years).

Looking at my 401k returns sitting in mutual funds for the last year against my IRA returns from the rolled over 401k of my last job is an exercise in frustration.  If I'd changed jobs a year ago even if it were for a huge paycut I'd have come out massively ahead being able to manage those funds instead of watching them languish in boring TRowe Price mutual funds.

 

[JAA]

Anyone know anything about SNDL specifically?  Yes its a pot stock, but other than that, why the crazy movement this past week?

 

[McBokonon]

Stems and Seeds...  Used to have a nice stash I saved for droughts or when I was jonesing during those poor highschool years.  And I still call total BS to the rumor that smoking beaners will make you sterile.    

@General Malaiselikes this

 

[FreeBaGeL]

Anyone know anything about SNDL specifically?  Yes its a pot stock, but other than that, why the crazy movement this past week?

It's also "cheap".

I don't think there is that much more to it than those two things.

 

[steelerfan1]

Current rooster, no real order:

AAPL, CRM, ETSY, FVRR, FLGT, SE, AXON, SQ, TSCO, ABNB, LMND, GDRX, U, DKNG, MSFT, CRWD, PINS, STMH

Sold off OESX today for a 20% gain but I think still think it’s going to head to 14/15. The account it’s in has TSCO, SQ, SE, AXON, and ABNB and I’ll use profits for dips in those. Have a decent 11% cash position.

Thanks for this McBokonnon.

Started a position in PINS today.

Was at work at had a limit order for FLGT...it didn't hit and see its back up again LOL.

This is ME with my handling of FLGT.

I did get some CRSP on the dip though as a consolation prize I guess.

 

[ericttspikes]

Anyone buying this dip?  I've been trimming some of the big runners so I have more cash than I planned to hold at this point, but haven't bought anything yet in case this is a multi-day pullback.

I added to my IPOE position

 

[cosjobs]

Took a flier on this yesterday.  Up 40% pre-market.  Am I seeing this right?  

Thanks for the post!

Congrats

 

[cosjobs]

Anyone know anything about SNDL specifically?  Yes its a pot stock, but other than that, why the crazy movement this past week?

11:04 am ET February 10, 2021 (Dow Jones) Print

WallStreetBets' legion of day traders is turning its attention to cannabis stocks amid expectations that U.S. Democrats will push for decriminalization of the plant. Canadian cannabis companies have been some of the most discussed on the forum recently, according to Swaggy Stocks, which tracks mentions of company tickers on the Reddit group. Their shares have also experienced strong gains. New York-listed Tilray has been the most discussed on the group, receiving 2,570 mentions in the last 24 hours. Its shares have gained 130% in the week. One popular post on WallStreetBets described Tilray as the next GameStop. Aphria, which is planning to merge with Tilray, is up 70% week-to-date and received 2,040 mentions in the last day. Sundial Growers, the fourth most-discussed stock in the last 24 hours, is up 112% week-to-date. (william.horner@wsj.com) (END) Dow Jones Newswires February 10, 2021 11:04 ET (16:04 GMT)

 

[-OZ-]

It's also "cheap".

I don't think there is that much more to it than those two things.

Thanks. It keeps popping up on my list right below SAENF and I'm developing FOMO. but I'm pretty sure I'm not buying

 

[General Malaise]

Lol.  Yeah, 1.5 grams is full blown trip for anyone.  7 grams and you're talking to your maker.

How much to fall down a flight of stairs and lose your hat at a neighbor's house?  Asking for a friend.....