All things STOCKS

[Jax_Vol]

I haven’t even looked since I’m sure I won’t be buying to close these positions. With MSTR, even when you are wrong, it is so incredibly volatile that mistakes correct themselves with patience.

No worries. I needed some crypto exposure and took a small position through MSTR. I’m still underexposed, but things need to recover a bit before raising my percentage.

Don't look

 

[05_never_again]

NOOOOO!!!! Until Mark reduces the metaverse intentions, wouldn't touch that puppy with a 10-foot pole.

It is still amazing to me that Zuck's biggest post-COVID idea is "You know, I bet people would like to spend even more time in a virtual world."

 

[Thunder Good-Oil]

Don't look

$270 to $170 in 3 days for MSTR. But BTC only went from $21,500 to $17,000.

No doubt my MSTR 111122 P 210 looks like it will be assigned in a couple of days, but the 170 might not.

This entire drop was predicated by a loud 30 year old crypto billionaire that failed to hedge his risk and lost his trading business. Not due to the underlying concept of crypto. But markets always overshoot in either direction.

Funny how Fidelity is promoting their soon to launch platform while the small (relative in Wall Street firm terms) player sees his fail.

 

[Jax_Vol]

It is still amazing to me that Zuck's biggest post-COVID idea is "You know, I bet people would like to spend even more time in a virtual world."

Yes. Seemed weird at the time, but hey..what did I know about being that hip.

Now, much later....think he was burning thick rope during that era.

We shall see...

Way too hot for me. Heck, this frickin' Disney is too dicey for me. Thank goodness for Celsius!!

 

[Jax_Vol]

$270 to $170 in 3 days for MSTR. But BTC only went from $21,500 to $17,000.

No doubt my MSTR 111122 P 210 looks like it will be assigned in a couple of days, but the 170 might not.

This entire drop was predicated by a loud 30 year old crypto billionaire that failed to hedge his risk and lost his trading business. Not due to the underlying concept of crypto. But markets always overshoot in either direction.

Funny how Fidelity is promoting their soon to launch platform while the small (relative in Wall Street firm terms) player sees his fail.

For the short term trading, don't think Herschel Walker has a snowballs chance on Dec 6.

 

[05_never_again]

Yes. Seemed weird at the time, but hey..what did I know about being that hip.

Now, much later....think he was burning thick rope during that era.

We shall see...

Way too hot for me. Heck, this frickin' Disney is too dicey for me. Thank goodness for Celsius!!

I think Zuck is totally correct to be thinking about a big pivot. He knows FB has an old/aging user base (especially relative to other social media platforms) and is a content cesspool. However I (and it seems like everyone else) just question what he's pivoting to.

 

[Thunder Good-Oil]

For the short term trading, don't think Herschel Walker has a snowballs chance on Dec 6.

I don’t think it matters. The Senate is probably at least 50 plus Kamala with or without Herschel.

 

[Thunder Good-Oil]

I think Zuck is totally correct to be thinking about a big pivot. He knows FB has an old/aging user base (especially relative to other social media platforms) and is a content cesspool. However I (and it seems like everyone else) just question what he's pivoting to.

Facebook’s strength is that it’s a phone book. Kids don’t want to “socialize” with their parents so the other platform(s) emerged. But those kids will want to “socialize” with their kids, so integrating the diverse user bases will be a key. Get everybody on a common platform so that they are all integrated for targeted advertising and being able to connect with each other while developing unique content that appeals to each. I don’t have faith in Zuck pulling it off.

 

[Velo Vol]

I needed some crypto exposure and took a small position through MSTR.

Are you sure?

 

[Thunder Good-Oil]

Are you sure?

View attachment 512428

Yes, I’m sure. I’ve only been exposed to any crypto since BTC has been in the low $20s. It’s not going away. The speculation in the coins was over the top. Same as the dot com bubble. Sock puppets went away but the internet did not.

 

[VolAllen]

Yes, I’m sure. I’ve only been exposed to any crypto since BTC has been in the low $20s. It’s not going away. The speculation in the coins was over the top. Same as the dot com bubble. Sock puppets went away but the internet did not.

My issue with people buying Crypto is there are a lot of beaten down stocks right now that probably make more sense to purchase rather than an extremely speculative digital “currency”.

Seems like Spy, CCL, DKNG, DIS, Amzn, Jblu, etc would all be safer investments that you could even sell calls against and make weekly income.

 

[Thunder Good-Oil]

My issue with people buying Crypto is there are a lot of beaten down stocks right now that probably make more sense to purchase rather than an extremely speculative digital “currency”.

Seems like Spy, CCL, DKNG, DIS, Amzn, Jblu, etc would all be safer investments that you could even sell calls against and make weekly income.

Crypto could/should be part of a diversified asset mix. A handful of individuals created great wealth by taking the risk on being overly concentrated in coins. But far more had their wealth blow up by expecting no cap to appreciation.

I still like MSTR. It has a high positive correlation to BTC (especially to the upside after the shares have crashed from the all time high) and moves as if it is more leveraged than it actually is. Their “core” business isn’t a direct crypto play (although they are adding complementary products to the crypto industry). Right now, at the current share price levels, it reacts as if it a highly leveraged gamble on BTC. They are risking their marketable assets, but not so much that they are likely to run out of working capital for their software business.

The founder is a bit shady with his tax avoidance, but I don’t think that he steals from shareholders.

The names that are in trouble here are the small players that are brokers and exchanges. I expect to see the big brokers like Schwab, Morgan-Stanley (e-trade), Fidelity, and the big banks to swoop in and take control of the trading (hard not to when the commissions/spreads are one or two percent). HOOD’s best exit strategy might be to be acquired. Possibly COIN as well.

MSTR is a hybrid. Not pure coin. Not a broker/exchange. A little bit of picks and shovels. Leveraged to BTC but with reasonable debt levels (for a speculative holding) for the overall business. However, if BTC falls by another third their shares will be dead money in the secondary equity market for a long time.

 

[Velo Vol]

Same as the dot com bubble. Sock puppets went away but the internet did not.

To use this analogy we could substitute blockchain tech for the internet and we're 1998. Is BTC the Google of the next 5-10 years? Or is it Excite? There's a non-zero chance that it's the latter.

 

[Thunder Good-Oil]

To use this analogy we could substitute blockchain tech for the internet and we're 1998. Is BTC the Google of the next 5-10 years? Or is it Excite? There's a non-zero chance that it's the latter.

My biggest quarrel with crypto currencies is that anybody seems to be able to create them out of nothing. It will work better if there were only a dozen or so instead of ten thousand or more.

There’s also the dichotomy of keeping government’s wasteful, greedy hands off of the coins while also creating some semblance of accountability.

 

[Velo Vol]

Liftoff.

 

[Go aeiou]

I have to agree with Warren Buffet about crypto, It has no value.
What are you investing in? Nothing.

It might hang around for a while though. Slowly become worth less and less.

Is the current acceptance by financial institutions gonna save it? Possibly.

 

[Thunder Good-Oil]

I have to agree with Warren Buffet about crypto, It has no value.
What are you investing in? Nothing.

It might hang around for a while though. Slowly become worth less and less.

Is the current acceptance by financial institutions gonna save it? Possibly.

It is viable as a substitute for settling trade deals between countries. Right now when two small countries exchange goods, the transaction is usually denominated in US dollars for stability of currencies. So they could cut out the Wall Street middlemen, but the bankers won’t step aside without fighting.

If any coin is going to become mainstream it will almost certainly require some type of government regulation and/or sponsorship. Which negates the biggest advantage - transacting business without Big Brother being the overlord that takes a piece in taxes and being able to seize the asset.

 

[Firebirdparts]

I find it a great idea not to argue about it. I don't really care to hear the arguments over and over.

 

[Thunder Good-Oil]

I find it a great idea not to argue about it. I don't really care to hear the arguments over and over.

BTC is having 10% plus price swings every 24 hours. It’s kind of a thing at the moment.

 

[Jax_Vol]

Anyone know when we can expect the number of Reds in the house to officially reach 218? I know some states allow four days for the mail-in ballets to arrive. Does that account for all of the remaining delay?

I have BVS, therefor not fully believing until they hand over the gavel.

 

[Go aeiou]

I find it a great idea not to argue about it. I don't really care to hear the arguments over and over.

"it" = Bitcoin and other crypto currencies

Not sure argue is the right word. "discuss"?

What do you think about Bitcoin?

FWIW, I like reading others thoughts. Thunder's post #12692 is informative.

I think the main draw for Bitcoin in the USA is people think it is cool, and some people believe they will be able to hide income from the IRS.

"over and over" , sorry my memory sucks. I know Bitcoin has been discussed before.

 

[Go aeiou]

Anyone know when we can expect the number of Reds in the house to officially reach 218? I know some states allow four days for the mail-in ballets to arrive. Does that account for all of the remaining delay?

I have BVS, therefor not fully believing until they hand over the gavel.

BVS?

 

[Jax_Vol]

BVS?

Battered Vol Syndrome

 

[Thunder Good-Oil]

Anyone know when we can expect the number of Reds in the house to officially reach 218? I know some states allow four days for the mail-in ballets to arrive. Does that account for all of the remaining delay?

I have BVS, therefor not fully believing until they hand over the gavel.

It sure sounds like the House is expected to flip. Then the Senate was 49-48 R with Nevada and Arizona unsettled. It will be nuts if NV and AZ split and control of the Senate comes down to Herschel and the other guy on 12/6.

 

[05_never_again]

To use this analogy we could substitute blockchain tech for the internet and we're 1998. Is BTC the Google of the next 5-10 years? Or is it Excite? There's a non-zero chance that it's the latter.

There's a crypto winter coming (maybe we're already in it), where a very large number of them are going to zero and will fade into the ether. Just like Excite or pets.com. Any one of them, Bitcoin, Ethereum, Litecoin, etc. could be the MySpace of crypto or the Google of crypto.

Personally, I think it is more likely than not that the Google of crypto doesn't even exist yet or is in its very early infancy. Google was in its very early days during the dot-com blow up and didn't even go public until well after the blowup was over. Facebook didn't even exist. It wasn't part of the dot-com hysteria of the day at all, and it is possible the biggest eventual winners of the crypto space aren't even around yet. The early firms have come in and made the mistakes that the future winners will learn from.