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

M-C-G · Post #561 » by **M-C-G** » Tue Mar 9, 2021 4:06 pm

HaroldinGMinor wrote:
M-C-G wrote:F-ing Gamestop. To the moon.

The best thing about the latest run is that it's probably making Dave Portnoy really, really angry.

I am sure I could look it up, but no idea who that is! I've kept my GME position as a matter of principle and I totally get if other people think that is stupid. This is the best chance at throwing a giant F U to the people behind the scenes. I won't be surprised at all when the SEC just unilaterally changes all the rules to bail the hedge funds out either. But one way or another this pimple is going to pop.

jschligs · Post #562 » by **jschligs** » Tue Mar 9, 2021 4:09 pm

HaroldinGMinor wrote:
M-C-G wrote:F-ing Gamestop. To the moon.

The best thing about the latest run is that it's probably making Dave Portnoy really, really angry.

Portnoy can be entertaining but I’m glad he lost money on this. A little humility is good for him.

Siefer · Post #563 » by **Siefer** » Tue Mar 9, 2021 4:15 pm

I learned what NFTs are today, and my life is worse for it.

Post #564 » by **MickeyDavis** » Tue Mar 9, 2021 4:27 pm

We'll see how his BUZZ ETF does. It's not really "his" but he's involved

Post #565 » by **ReasonablySober** » Tue Mar 9, 2021 4:30 pm

Read on Twitter

Post #566 » by **MickeyDavis** » Tue Mar 9, 2021 4:34 pm

Twitter CEO Jack Dorsey is selling the first-ever published tweet as an NFT, a kind of digital collector's item.

Dorsey shared a tweet on Friday with a link to a digital platform called "Valuables," that allows for the buying and selling of tweets autographed by their creators.

The tweet up for bid is Dorsey's first tweet from 2006, which says "

just setting up my twttr

— jack (@jack) March 21, 2006

So far, the tweet has reached a bid of $2.5 million by Sina Estavi, CEO of Bridge Oracle, according to Valuable's website.
Non-fungible tokens, or NFTs, have picked up steam in recent months as a popular technology to sell digital art and other musings such as drawings or music. An NFT is a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist's signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.

Last month, a collage by digital artist Beeple of 5,000 images captured over the course of 13 years went up for sale using NFT. It was the first purely digital NFT artwork to go on sale in that way.

But it doesn't just stop at artwork: NFTs have made their way to the NBA and are being used to buy highlight clips of iconic basketball plays such as Lebron James hitting a slam dunk.

NBA Top Shot, a NFT marketplace launched by blockchain startup Dapper Labs, allows customers to buy and sell video highlight clips it calls "moments." It's a twist on physical trading cards that have been cashing in big by collectors on the platform.
Dorsey's latest move follows past efforts around other cryptocurrencies, particularly bitcoin. In February, the tech CEO announced a bitcoin development fund with billionaire rapper Jay-Z. Prior to that Dorsey's other company, Square (SQ) purchased 4,709 bitcoins in October or the equivalent of $50 million at the time.

Stannis · Post #567 » by **Stannis** » Tue Mar 9, 2021 5:21 pm

jschligs wrote:
HaroldinGMinor wrote:
M-C-G wrote:F-ing Gamestop. To the moon.

The best thing about the latest run is that it's probably making Dave Portnoy really, really angry.

Portnoy can be entertaining but I’m glad he lost money on this. A little humility is good for him.

He's not this generation's Warren Buffet?

Stannis · Post #568 » by **Stannis** » Tue Mar 9, 2021 5:23 pm

M-C-G wrote:
HaroldinGMinor wrote:
M-C-G wrote:F-ing Gamestop. To the moon.

The best thing about the latest run is that it's probably making Dave Portnoy really, really angry.

I am sure I could look it up, but no idea who that is! I've kept my GME position as a matter of principle and I totally get if other people think that is stupid. This is the best chance at throwing a giant F U to the people behind the scenes. I won't be surprised at all when the SEC just unilaterally changes all the rules to bail the hedge funds out either. But one way or another this pimple is going to pop.

I was holding and was planning to hold for years.

But after it's recent jump, I cut my position in half. I was had too much in them.

vital_signs · Post #569 » by **vital_signs** » Tue Mar 9, 2021 5:56 pm

I'm on the Buzz train, the ARK space exploration etf will be my next big buy though. Probably put that in a seperate account and check back in 10 years.

M-C-G · Post #570 » by **M-C-G** » Tue Mar 9, 2021 10:09 pm

vital_signs wrote:I'm on the Buzz train, the ARK space exploration etf will be my next big buy though. Probably put that in a seperate account and check back in 10 years.

What are the top holdings? Any different than XAR (one of my favorite investments)

vital_signs · Post #571 » by **vital_signs** » Tue Mar 9, 2021 10:36 pm

M-C-G wrote:
vital_signs wrote:I'm on the Buzz train, the ARK space exploration etf will be my next big buy though. Probably put that in a seperate account and check back in 10 years.

What are the top holdings? Any different than XAR (one of my favorite investments)

I'm an ETF novice but won't we have to wait until it's live? Think it's all speculative now but it's a sector I'm interested in getting into. May need to look into XAR and some others.

M-C-G · Post #572 » by **M-C-G** » Tue Mar 9, 2021 11:43 pm

vital_signs wrote:
M-C-G wrote:
vital_signs wrote:I'm on the Buzz train, the ARK space exploration etf will be my next big buy though. Probably put that in a seperate account and check back in 10 years.

What are the top holdings? Any different than XAR (one of my favorite investments)

I'm an ETF novice but won't we have to wait until it's live? Think it's all speculative now but it's a sector I'm interested in getting into. May need to look into XAR and some others.

Ok, I had thought it was an active ETF. XAR is Boeing, Lockheed, etc.

Stannis · Post #573 » by **Stannis** » Wed Mar 10, 2021 2:08 pm

M-C-G wrote:
vital_signs wrote:I'm on the Buzz train, the ARK space exploration etf will be my next big buy though. Probably put that in a seperate account and check back in 10 years.

What are the top holdings? Any different than XAR (one of my favorite investments)

This is the only info on ARKX as of right now (basically the ARKX that is traded in Japan):

Read on Twitter

SupremeHustle · Post #574 » by **SupremeHustle** » Wed Mar 10, 2021 5:35 pm

You guys jumping in on this ROBLX IPO today? I probably will.

hakjak · Post #575 » by **hakjak** » Wed Mar 10, 2021 6:15 pm

GME is absolutely nuts today. Many halts today

Open - 269
High - 348
immediate crash to 172
currently 264

M-C-G · Post #576 » by **M-C-G** » Wed Mar 10, 2021 6:36 pm

hakjak wrote:GME is absolutely nuts today. Many halts today

Open - 269
High - 348
immediate crash to 172
currently 264

No, that is totally normal for an unmanipulated stock to do. Nothing to see here.

Post #577 » by **MickeyDavis** » Wed Mar 10, 2021 8:09 pm

One of my stocks BOXL took off after the bill passed. Education company. I like this one long term.

Post #578 » by **MickeyDavis** » Wed Mar 10, 2021 8:15 pm

Meme stocks will have another run when stimulus money gets into WSB hands

FrieAaron · Post #579 » by **FrieAaron** » Wed Mar 10, 2021 8:23 pm

SupremeHustle wrote:You guys jumping in on this ROBLX IPO today? I probably will.

I bought a handful of shares. Could see that really taking off.

Post #580 » by **paulpressey25** » Thu Mar 11, 2021 7:35 am

Siefer wrote:I learned what NFTs are today, and my life is worse for it.

I just read about them today.

https://www.npr.org/2021/03/09/975450173/the-200k-nba-nft

Maybe one of you guys can explain to me the value in this. I get to own a Giannis dunk moment? WTF.