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Stock Thread (9 Viewers)
- Thread starter St. Louis Bob
- Start date
The Ref
Footballguy
If you ever felt like “it was too late” to get in now is your chance.
It bounced and held 55 and the RSI is at a 6 month low. It’s not imposable this thing crashes to $1, that risk will never will be completely zero. But if you wanted to get in the space because you think I there is something to this going to the moon long term this is about as good an entry as you can ever ask for.
I bought more this AM but this time I added some ETH with the buy.
JB Breakfast Club
Footballguy
Bossman
Footballguy
FreeBaGeL
Footballguy
I'm no expert but they're giving out loans to crypto yolo'ers who love to get leverage on a volatile currency, so I guess the risk is that the whole thing blows up in their face. They are not FDIC insured so if they do blow up that could mean your cash is gone as well.
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Desert_Power
Footballguy
SFBayDuck
Footballguy
So are they not? I listened to the Blockfi CEO on the Animal Spirits podcast this week, and I thought he indicated that for the US based stable coins anyway, this was the case and was third-party verified.
I did read about one of the Chinese-based stable coins only being an estimated 70% backed, so I guess that is the risk for all of these.
Desert_Power
Footballguy
Here is an example of Gemini's verification. That is one of the two stablecoins that BlockFi's website mentions. It's better than nothing (and much better than Tether), but I don't think it's very strong.SFBayDuck said:
Overall, the idea that you can earn 8% on a deposit certainly sends alarms. My feeling is that there is a great deal of leverage in this space that is poorly understood due to lack of regulations/disclosures. Unregulated lending always seems like a great idea until it crashes.
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It's about 9% of my portfolio (individual stock purchases + coins).
I was late to the game, but I've been buying aggressively though.
I currently own about 1.12 of Ether and about 17% of 1 bitcoin.
ex-ghost
Footballguy
NajehHejan
Footballguy
BassNBrew
Footballguy
beef
Footballguy
Hostile takeover, buy up 51% of the stock on the open market? Can you tell us which one so we can all get in before you start buying?
Nugget
Footballguy
Johnnie Nepal
Footballguy
There will need to be a catalyst to get GME ascending higher. I don't think this mornings Gamestop announcements (CEO succession plan & Form 8-K), Gensler being sworn in on Saturday or DFV's purchases on Friday are that catalyst.
BroadwayG
Footballguy
identikit
Footballguy
beef
Footballguy
I'm down about 11%. Sadly that's kind of win right now since I have 11 other bigger losers.EBS
They're all smaller positions though. My big holdings are still doing well for me (BNKU, NRGU, TQQQ, DKNG, IPOE, MOON, LRNZ, FIVG).
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steelerfan1
Footballguy
McBokonon
Footballguy
I don’t know what the full recommended list is although I am sure I own some but I do expect to be laughing about it in a few years. There’s a lot of potential that’s been pummeled but will be solid investments. We aren’t on a course for going back to ICE engines, non-clean energy, depositing checks buy walking into banks, using paper to manage books and legal documents, watching TV with cable boxes only and lots of other technology backslides. There are companies I won’t ever like (DoorDash, for example) that are purely based on a pandemic and still not profitable rather than realizing that I get fresher/hotter/better food in person or grabbing my own take out (via my autonomous car), but the future will keep rolling and a lot of the hot stuff will cool way down and solid companies will thrive.
In the same way that it still amazes me what the stock prices were for some companies last March, we may be thinking that in a year or two about stuff bought now. We’ll see.
Bossman
Footballguy
Down only 4% today....
One of a few stocks that I haven't dumped today. Hindsight, should have let it go.
BassNBrew
Footballguy
Bossman
Footballguy
Desert_Power
Footballguy
McBokonon
Footballguy
I added a little NNOX. Nothing has changed. Every pre-revenue stock and small growth stock is going down for reasons unrelated to the companies themselves. I feel like a lot of people have no idea what they own which breeds panic and impatience.
Frustrating one here. I had been holding onto it since I’m close to long term gains and I like the company's products. Still up on it since we bought in way back when SPACs weren’t really popular. Don’t plan on dumping it now but it’s just gotten dragged down with the rest.
dkp993
Footballguy
I’m not sure there’s a stock that makes less sense then HGEN. It’s literally been nothing but good news yet it’s a boat anchor. So weird.
Down only 4% today....
One of a few stocks that I haven't dumped today. Hindsight, should have let it go.
BassNBrew
Footballguy
It should come back. I sold most in the $25-$27 range and since been buying when I notice it under $20 and selling when it's over $20. They are actually making money, albeit not much.
steelerfan1
Footballguy
A lot of growth on sale. Been in free-fall practically for a month. I'm holding QS, LAZR, SPCE, JMIA, PLTR. Been accumulating on the way down but I'm about tapped out. I'm not capitulating, but stopped buying. Do us all a solid and buy a few million shares of each of those. TIA.
Capella
Footballguy
I feel like this is where having information and being prepared gets you paid off in the end. We’ll see.
IC FBGCav
Footballguy
Capella
Footballguy
Yea I can’t explain it. Just going to try and take advantage of it and if it doesn’t work out, I still think I made a good bet.
steelerfan1
Footballguy
This is me. But although I'm a bit nervous for sure, I'm holding everything. I haven't even been doing this a year yet and some of the ones I'm sweating I've only held for a few months. I'm holding all of them.
This has however cemented my feeling that I am a mutual fund guy and won't be acquiring any individual stocks going forward, barring of course an event like last March, but even then I can't see more than 5% of our holdings from here on. I did have some wins as well though thanks to the people here, and who knows, maybe the ones I am down so much on become winners in the long run as well.
dkp993
Footballguy
Wish I could average down but can’t right now without selling other which I don’t want to do. So here I sit and wait.
