OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

Matches Malone · Post #501 » by **Matches Malone** » Wed Feb 24, 2021 2:13 am

thonnisbeastley · Post #502 » by **thonnisbeastley** » Wed Feb 24, 2021 7:56 am

Stannis wrote:
thonnisbeastley wrote:
Stannis wrote:Yeah, so many Bitcoin stocks going up insanely.

The head of the show this week was $SOS.

$CAN, $HUTMF, $ARBKF doing great as well.

From somebody who doesn't really understand blockchain + Crypto, I think it's better for me to just put a little in BTC + ETH instead of trying to chase these momentum plays. Especially, since I plan to hodl.

If you plan to hodl, buy $Link.

Any reason to buy LINK instead of buying more ETH for a guy like me?

They're both good plays. ETH could see 10k in 2-4 years(6x). Link could see 1k in 2-4 years(33x). I just think the tech behind Link is pretty ridiculous when you sit down and actually read up on it. It's not a meme coin like many like to spout off when they **** on it. They bought DECO from Cornell, an Ari Juels project who is also now their chief scientist. Wrote a whitepaper with the WEF recently. Almost daily integrations to their network...They're still at the very beginning stages of their project and there's a lot yet to be implemented, but they are miles ahead of any competition. Also best performing crypto of 2020.

Read on Twitter

HaroldinGMinor · Post #503 » by **HaroldinGMinor** » Wed Feb 24, 2021 8:59 pm

Matches Malone wrote:

Read on Twitter

Dave probably wishes he hadn't sold GME. It's up 100% today.

M-C-G · Post #504 » by **M-C-G** » Wed Feb 24, 2021 9:07 pm

HaroldinGMinor wrote:
Matches Malone wrote:

Read on Twitter

Dave probably wishes he hadn't sold GME. It's up 100% today.

It was like an algorithm tripped at 2 oclock, I had checked it earlier and then it just took the f-ck off. That was crazy

Matches Malone · Post #505 » by **Matches Malone** » Wed Feb 24, 2021 9:13 pm

M-C-G wrote:
HaroldinGMinor wrote:
Matches Malone wrote:

Read on Twitter

Dave probably wishes he hadn't sold GME. It's up 100% today.

It was like an algorithm tripped at 2 oclock, I had checked it earlier and then it just took the f-ck off. That was crazy

Yeah, that was nuts! I only dabble in stocks suuuuuper lightly, but the 2 GME stocks I do have left made $93 for me at one point :lol:

M-C-G · Post #506 » by **M-C-G** » Wed Feb 24, 2021 9:21 pm

Matches Malone wrote:
M-C-G wrote:
HaroldinGMinor wrote:
Dave probably wishes he hadn't sold GME. It's up 100% today.

It was like an algorithm tripped at 2 oclock, I had checked it earlier and then it just took the f-ck off. That was crazy

Yeah, that was nuts! I only dabble in stocks suuuuuper lightly, but the 2 GME stocks I do have left made $93 for me at one point

Up another 30% in after hours right now.

M-C-G · Post #507 » by **M-C-G** » Wed Feb 24, 2021 9:49 pm

M-C-G wrote:
Matches Malone wrote:
M-C-G wrote:
It was like an algorithm tripped at 2 oclock, I had checked it earlier and then it just took the f-ck off. That was crazy

Yeah, that was nuts! I only dabble in stocks suuuuuper lightly, but the 2 GME stocks I do have left made $93 for me at one point

Up another 30% in after hours right now.

Ughhhh up 85% in after hours right now. WTF is going on

thonnisbeastley · Post #508 » by **thonnisbeastley** » Wed Feb 24, 2021 11:47 pm

HaroldinGMinor wrote:
Matches Malone wrote:

Read on Twitter

Dave probably wishes he hadn't sold GME. It's up 100% today.

Dave probably wishes he hadn't sold $Link. After investing $50k, and selling it after a normal correction. He'd have over $100k of $Link if he didn't have such paper hands.

midranger · Post #509 » by **midranger** » Thu Feb 25, 2021 2:19 am

Them GME boys are something. Rooting for them.

Also, Mickey, I hope you found your entry point for AMC

Post #510 » by **MickeyDavis** » Thu Feb 25, 2021 2:37 am

midranger wrote:Them GME boys are something. Rooting for them.

Also, Mickey, I hope you found your entry point for AMC

Nope, I waffled and never got in.

jschligs · Post #511 » by **jschligs** » Thu Feb 25, 2021 2:38 am

GME looks so tempting, but I feel I have **** luck when it comes to timing anything. So I'd probably buy at the top and lose 50%.

midranger · Post #512 » by **midranger** » Thu Feb 25, 2021 2:55 am

I’m not sure either is a buy right now.

This could be hedge funds doing their own pump and dump and/or rapidly covering shorts and this was the squeeze. Who knows? Both could be at 1k tomorrow. Nothing shocks me anymore.

BucksFanSD · Post #513 » by **BucksFanSD** » Thu Feb 25, 2021 3:50 am

jschligs wrote: I'll be taking a page from Cathy's book: keeping a close eye on when this new craze slows down, sell some of my "safer, less impacted stocks" to raise cash and buy the ones that were hit hardest.

I sold safer stock and bought a lot of TSLA yesterday as I didn't think the 25% hit was warranted and it's a great company which just made an absolute ton in bitcoin. I found out later that Cathy did the same.

WeekapaugGroove · Post #514 » by **WeekapaugGroove** » Thu Feb 25, 2021 2:12 pm

I'm rooting for the GME gang especially the bag holders from last go around. But have to say this feels like some type of trap.

Sent from my SM-G986U using RealGM mobile app

Matches Malone · Post #515 » by **Matches Malone** » Thu Feb 25, 2021 3:07 pm

4 halts on the GME stock so far lol

M-C-G · Post #516 » by **M-C-G** » Thu Feb 25, 2021 4:54 pm

I wouldn't advise anyone to get into GME given the risk. But man, it has been a wild ride. I've actually enjoyed it and learned more about stock manipulation by institutional money than I ever thought could be legally possible. Spoiler alert, Hedge funds and traders create 'synthetic stocks' and 'borrow shares' in order to complete f-ck your regular investors over. Who knew?

Post #517 » by **MickeyDavis** » Thu Feb 25, 2021 6:04 pm

When I decided to get back into stock picking a couple of weeks ago I had a set amount of cash I wanted to use, mostly tax return money. I bought 4 stocks, not in equal amounts. But I fully invested it all, no cash left to buy the big dips I've had. That's a mistake. Even though these investments are only about 1% of my total investments I refuse to sell anything else to put into this bucket. And I'm also not ready to sell any of my four.

Post #518 » by **ReasonablySober** » Thu Feb 25, 2021 6:19 pm

Yesterday morning I checked in on GME for the first time in a week or so and saw it was basically hovering around $40-$50. Last 24 hours have been wild.

M-C-G · Post #519 » by **M-C-G** » Thu Feb 25, 2021 6:58 pm

ReasonablySober wrote:Yesterday morning I checked in on GME for the first time in a week or so and saw it was basically hovering around $40-$50. Last 24 hours have been wild.

I checked on it at noon yesterday and then again at like 2:30 it went from even to up 100%.

Wild is an understatement.

BucksFanSD · Post #520 » by **BucksFanSD** » Thu Feb 25, 2021 9:04 pm

I got cooked today. I was looking to sell off some earlier today due to this volatility and never did. I will probably hold into next week now.