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5 minutes ago, ConstruxBoy said:

Buying more PLTR as it drops. Hope I'm right about it. 

I sold a $22 put on PLTR a bit back.  Let's just say I'm counting on owning 100 more here soon.  I don't mind owning it, so not worried about being assigned.  

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6 minutes ago, ConstruxBoy said:

Buying more PLTR as it drops. Hope I'm right about it. 

This is another that we haven't seen these prices since mid-November.  I'll add some too.

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25 minutes ago, Capella said:

Man what’s with Mondays lately. 

Who knows. Man, it’s hard not to watch the day to day carnage but it’s a little depressing seeing great results ignored. Luckily most of my recent carnage is all IRAs so I can’t even touch that for a decade+ anyway but it sucks.

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33 minutes ago, Pipes said:

UWMC is my largest holding now. I can't stop buying as it keeps falling.  

Between UWMC and SE, the buying opportunities today are on fire. 

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37 minutes ago, Pipes said:

UWMC is my largest holding now. I can't stop buying as it keeps falling.  

One of my few good moves this year, selling this in February when it jumped back over $11. They have earnings tonight and as far as I know it seems like there’s nothing you can report lately that won’t knock a few % off the price.

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Feel like I've never been wrong on anything in my life than crypto.  I had no idea that something could be fueled by pure hype and memes to this extent.

I mean I thought, hey it's going to zero once people realize you can't spend it to buy anything, turned out that was it's very best feature.  Once decoupled from the fact that it actually has to be useful it went to the moon.

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2 minutes ago, culdeus said:

Feel like I've never been wrong on anything in my life than crypto.  I had no idea that something could be fueled by pure hype and memes to this extent.

I mean I thought, hey it's going to zero once people realize you can't spend it to buy anything, turned out that was it's very best feature.  Once decoupled from the fact that it actually has to be useful it went to the moon.

I was wrong on it but then tossed a bunch of racks into it in December and let me tell you, it’s way outperformed any of my other holdings. By miles. 

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5 minutes ago, culdeus said:

Feel like I've never been wrong on anything in my life than crypto.  I had no idea that something could be fueled by pure hype and memes to this extent.

I mean I thought, hey it's going to zero once people realize you can't spend it to buy anything, turned out that was it's very best feature.  Once decoupled from the fact that it actually has to be useful it went to the moon.

I know what you are saying. It almost feels like people are investing in beanie babies or the local arcade tokens. I get BTC/ETH (maybe not the full price), but some of the ones people are investing are no different than the ones in that buy crypto thread in here that was down what 90 something % at one point? If there’s no use to it, who’s going to keep buying it. People aren’t buying it because they believe in it they are just looking for the next new thing.

I wish I bought more than just BTC but man I don’t believe in stuff like DOGE and Safemoon. Same way I don’t believe in GME. I do think they will crash much harder because GME only reports every quarter and they’ve raised enough cash to be around for a long cap leak.

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Posted (edited)
8 minutes ago, stbugs said:

I know what you are saying. It almost feels like people are investing in beanie babies or the local arcade tokens. I get BTC/ETH (maybe not the full price), but some of the ones people are investing are no different than the ones in that buy crypto thread in here that was down what 90 something % at one point? If there’s no use to it, who’s going to keep buying it. People aren’t buying it because they believe in it they are just looking for the next new thing.

It is also being very aggressively advertised by those holders because they need new people buying to keep price high (early entrants seldom sell). Really classic ponzi scheme behavior...but can still go much higher.

Edited by Desert_Power
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16 minutes ago, culdeus said:

Feel like I've never been wrong on anything in my life than crypto Tesla.

Fixed that up.  At least for me over the last few years.

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7 minutes ago, stbugs said:

I know what you are saying. It almost feels like people are investing in beanie babies or the local arcade tokens. I get BTC/ETH (maybe not the full price), but some of the ones people are investing are no different than the ones in that buy crypto thread in here that was down what 90 something % at one point? If there’s no use to it, who’s going to keep buying it. People aren’t buying it because they believe in it they are just looking for the next new thing.

I wish I bought more than just BTC but man I don’t believe in stuff like DOGE and Safemoon. Same way I don’t believe in GME. I do think they will crash much harder because GME only reports every quarter and they’ve raised enough cash to be around for a long cap leak.

No this is 100% a beanie baby thing, and everyone knows it.  At some point the music stops, but for now it's wild.

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59 minutes ago, stbugs said:

Who knows. Man, it’s hard not to watch the day to day carnage but it’s a little depressing seeing great results ignored. Luckily most of my recent carnage is all IRAs so I can’t even touch that for a decade+ anyway but it sucks.

Yea stuff you’re holding for a decade like an IRA that you can’t trade I wouldn’t even think about. 

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24 minutes ago, culdeus said:

Feel like I've never been wrong on anything in my life than crypto.  I had no idea that something could be fueled by pure hype and memes to this extent.

I mean I thought, hey it's going to zero once people realize you can't spend it to buy anything, turned out that was it's very best feature.  Once decoupled from the fact that it actually has to be useful it went to the moon.

Don’t do that.  Everyone is wrong on Crypto until they aren’t.  A few bitcoiner platitudes....

”Not taking a position in BTC is taking a position on BTC”

”Everyone buys BTC eventually at the price they deserve”

And just make sure you are clear on some of the underpinnings of “Crypto”.  Doge is NOT Bitcoin.  They are not anywhere close to the same.  There is a huge amount of froth in the market as a whole but in my opinion it’s not in BTC or even ETH, it’s everything else.

 

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1 hour ago, beef said:

DKNG 45's???  Had a comfortable position, but I'll add here.  Except for the quick early Jan dip, haven't seen this range since mid November. 

Falling knife right now but I'm right there with you.  I am fully loaded on this one.

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Posted (edited)
4 minutes ago, Dwayne Hoover said:

Falling knife right now but I'm right there with you.  I am fully loaded on this one.

Holding steady as I can on this one (DKNG) too.

Only thing keeping me in the red lately.

Edited by identikit
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4 minutes ago, Capella said:

Yea stuff you’re holding for a decade like an IRA that you can’t trade I wouldn’t even think about. 

I hear you. It’s hard to watch though when they continue to perform and get whacked and you see stuff that no one should be in blowing up. At least my taxable account isn’t getting crushed as much because it’s mainly AMZN and cash.

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1 minute ago, stbugs said:

I hear you. It’s hard to watch though when they continue to perform and get whacked and you see stuff that no one should be in blowing up. At least my taxable account isn’t getting crushed as much because it’s mainly AMZN and cash.

I actually moved a small amount of amazon into a few other things. Considering doing it with draft kings too. Trying to diversify a little tiny bit. 

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18 minutes ago, Desert_Power said:

It is also being very aggressively advertised by those holders because they need new people buying to keep price high (early entrants seldom sell). Really classic ponzi scheme behavior...but can still go much higher.

Yeah, that Safemoon one seems completely setup that way and not even hiding it.

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2 hours ago, stbugs said:

Well, it looks like I’m in it for the long haul. Even though I love sold off most of my TTD, it’s still one of my larger stocks. Here’s what happened this morning:

1. Beat revenue estimates

2. Beat earnings estimates

3. Raised Q2 guidance

4. Announced stock split

Down 13% premarket. I feel like I’ll be fine in a few years but dear lord this is a gut punch. Still growing 50-60% but it just doesn’t matter.

This is one that ran away from me last year while I waited for the dip that never came.  Awfully tempted to pull the trigger on it on this 20% drop, even though it's still up 74% in the last year.

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1 hour ago, ConstruxBoy said:

Buying more PLTR as it drops. Hope I'm right about it. 

I reloaded my trading shares I sold in Jan. Added 2x the amount of shares I sold. This is another one I'll sell bonds for if it gets down 10-12 range. PLTR is growing about the same rate as CRWD with similar rev projections. Maybe CRWD is still overvalued, but I like PLTR here.

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Posted (edited)
11 minutes ago, stbugs said:

Yeah, that Safemoon one seems completely setup that way and not even hiding it.

I mean, the root of all of this was created by someone who is unknown and holds ~5% of the BTC that will ever be created :shrug: 

I'm sure there are people trying to turn this technology into cool useful applications, but right now I just see a lot it as grifting. Grifting that is confusing way too much energy because the older protocols are deeply inefficient. 

Always like to see other FBGs making money though. Not hating on the people here making loot on it.

Edited by Desert_Power
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1 minute ago, Capella said:

I actually moved a small amount of amazon into a few other things. Considering doing it with draft kings too. Trying to diversify a little tiny bit. 

Oh, I’m way too diversified to be honest it’s just that most of that had done well so it’s all lumped in that growth stocks suck momentum. Even some of my more financial or retail or food industry based ones all seem to be stuck in a rut not just WFH stocks. I am keeping the rest of my Amazon, I did sell some before but I’m good with it.

I told myself I’d go through my stocks over the weekend to see what I don’t really want to be in anymore but now I’ve got more incentive. There are some companies that look absolutely ripe for buy and hold. For instance, I mentioned how crazy FLGT looks based on the fact that this year they should have 50% of their market cap in cash on their balance sheets (amazing that making too much money is bad) and their non-CV testing was growing at 174% and that alone gave them a P/S of 10 for the other half of the market cap. That’s ignoring the fact that they are still doing a ton of CV testing and landed a big contract. Now today, I see UPST down 8% which puts their 2021 P/S at about 12. They are lower than they were before last quarter when they announced that oops, sorry we way underestimated our 2021 revenue and we’ll grow at 115% and we acquired a company that fits great and expands our market instantly. At $165 it was expensive although not crazy. At $87, it looks like it could be a huge runner in 5 years. They report earnings tomorrow after close so do you wait to see if they’ll continue down pre-earnings or wait till after the “news” because even solid results in any growth or tech or whatever stock gets hammered. Maybe I’ll dip my toes in again this afternoon and a little more tomorrow. Not planning on adding any other stocks yet but I still have some SPAC money and those aren’t fun plays anymore.

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11 minutes ago, SFBayDuck said:

This is one that ran away from me last year while I waited for the dip that never came.  Awfully tempted to pull the trigger on it on this 20% drop, even though it's still up 74% in the last year.

It’s a great day to do it. Just depends on if you are looking long term or near term. The drop today based on earnings is ridiculous but it could continue to go down if the rut continues. Maybe open a 1/3 position now and keep adding. If it goes up then you made money, down you average down.

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12 minutes ago, ericttspikes said:

I reloaded my trading shares I sold in Jan. Added 2x the amount of shares I sold. This is another one I'll sell bonds for if it gets down 10-12 range. PLTR is growing about the same rate as CRWD with similar rev projections. Maybe CRWD is still overvalued, but I like PLTR here.

It’s growing slower. CRWD 2019 to 2020 was about 80% and PLTR was almost 50%. They are similarly valued I think as PLTR is worth a little less but has a little more in revenue. I think CRWD may be a little cheaper based on future growth rates. That said I like them both in 5 years. I think PLTR has a bit of a bigger risk in that it’s government revenues are driving more of their growth.

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1 minute ago, stbugs said:

It’s growing slower. CRWD 2019 to 2020 was about 80% and PLTR was almost 50%. They are similarly valued I think as PLTR is worth a little less but has a little more in revenue. I think CRWD may be a little cheaper based on future growth rates. That said I like them both in 5 years. I think PLTR has a bit of a bigger risk in that it’s government revenues are driving more of their growth.

Both are projected to be around 30% rev growth next year. We'll see what PLTR guides at.

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8 minutes ago, ericttspikes said:

Both are projected to be around 30% rev growth next year. We'll see what PLTR guides at.

That’s not right for CRWD. In their last earnings call in March they estimated 2022 revenue (2021 calendar year, FY starts in February 2021) at over $1.3B. Last year’s revenue was $874M, so that’s a little over 50% growth.

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49 minutes ago, Desert_Power said:

I mean, the root of all of this was created by someone who is unknown and holds ~5% of the BTC that will ever be created :shrug: 

I'm sure there are people trying to turn this technology into cool useful applications, but right now I just see a lot it as grifting. Grifting that is confusing way too much energy because the older protocols are deeply inefficient. 

Always like to see other FBGs making money though. Not hating on the people here making loot on it.

So would you recommend that I don't invest in Carole Baskin's Big Cat Coin? 

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Posted (edited)
34 minutes ago, stbugs said:

That’s not right for CRWD. In their last earnings call in March they estimated 2022 revenue (2021 calendar year, FY starts in February 2021) at over $1.3B. Last year’s revenue was $874M, so that’s a little over 50% growth.

Sorry, was talking 2023 which are just analyst projections that can be beaten I suppose. PLTR doesn't have projections for 2023 it looks like. 

Edited by ericttspikes
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2 hours ago, beef said:

DKNG 45's???  Had a comfortable position, but I'll add here.  Except for the quick early Jan dip, haven't seen this range since mid November. 

Yeah, I think this is the right idea.  I'm doubling down on this one.  

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42 minutes ago, ericttspikes said:

Sorry, was talking 2023 which are just analyst projections that can be beaten I suppose. PLTR doesn't have projections for 2023 it looks like. 

Yeah, it’s hard to know when or if analysts are changing their projections and to be honest if they do anything other than a simple calculation, like if they were 50% last year then next year is automatically 30% lower so 35% and then the following year is automatically 25%.

CRWD is still growing and you know that 50% number from the company is likely a bit on the cautious side giving them room to beat.

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1 hour ago, BassNBrew said:

Trimmed some more NRGU at a 360% gain.  Also trimmed Lowes and KR picks up last week.  

Chasing DM to $0

Amazing that a “hack” of a pipeline causes such bumps. If I’m in oil, I’m getting “hacked” every 6 months or so.

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