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This reminds me of a stock I owned in the mid-90's when I was still learning about stonks. I bought is at $12 and it was trading at $24. Some analyst was on CNBC and put a tartget of $32. So I bought more because, hey, great deal right!Capella said:
Had an order ready to sell my NNOX 2x today ... I can't bring myself to pull the trigger and accept such a rediculous loss.
Is this different from any other day?
Getting there with DM. Man, love the technology, but I'm almost down 50% now. Crazy.
Real nice lunchtime run and looks to be continuing. Big money pouring in?
miners currently drifting away from spot BTC for no good reason
Same here for NNOX and FLGT. About 50% loss. Not going to bail. Going to add to some QS now. What's the worse that can happen...
I continue to average down. I know Im not ever selling for a loss so might as well reduce CB.
I continue to average down. I know Im not ever selling for a loss so might as well reduce CB.
I got busy this morning and missed it when it was barely up this morning. Now I'm just going to wait to see if it retreats a bit tomorrow.
It’s not surprising if you look at RIOT’s last update. Right now they have 1600 BTC. While that seems like a lot, it’s only $100M. They are worth $4.5B. While I know they will continue to make more Bitcoin, they are only making what becomes profit, so that’s still a pretty big multiple to pay. I’d think that while they are increasing mining rigs, everyone else is as well so will it get more difficult and less profitable?
I think momentum. This morning BTC looked like it was headed north, and the miners reflected that. You get outsized bets because they seem to provide leverage to the spot movement. It has since settled and even come back a bit. So as it hits $60,100 headed north, your premium for the miners is increasing. Whereas it can be at that same $60,100 point coming back down from $60,300, and your premium on the miners is going to shrink despite the price movement from open being exactly the same.
Sure, but that hasn't changed from this morning when it was up 5.5% with BTC at $60,150 to now, when it's up 1.5% with BTC at $60,150. Which is where I think he's going with that post.
I gotcha. I was just saying that if miners are directly tied to the dot prices, they look really overpriced. I know they can increase capacity, but so is everyone else. I think that may be part of the disconnect as they are like hold mining stocks. They do well with higher prices but they aren’t directly correlated. If BTC miners were, they’d need to drop a good amount first.
Not enough to matter imo.
I've been buying, more and more.
Same here. I timed UWMC horribly and have been DCAing every week since. It's one I don't mind at all going long on though.I've been buying, more and more.
It's unlikely to soar, but it's a good value imo.
Just saw that it's up slightly. I'm just holding.
I've been buying, more and more.
It's unlikely to soar, but it's a good value imo.
Just saw that it's up slightly. I'm just holding.
Yeah, same here.
I think it’s because the EUA will take a month and people know that. So it can be played with in between then. Just guessing though.
Same. I love cheap stocks that pay a nice dividend. I keep buying more when it hits $7.50. If that happens a couple of more times it will be my largest Etrade holding.
