All things STOCKS

#19,928
#19,928
Vol737 said:
I've studied it a good bit lately, don't own any, but just trying to get my arms around it. First, it's cumbersome wrt getting your crypto off of an exchange and into a decentralized/cold wallet. I keep reading where people buy crypto on an exchange and then the exchange will not let them move their crypto to their cold wallet and in some cases will not let you sell your crypto. You have to write down the "keys" which are up to something like 26 words, store those in your safe or somewhere safe. If you lose those key words, misspell a word or simply don't write down one of the words, you will not be able access to your crypto. Exchanges are hackable and North Korea stole a record $2B in crypto last year from various exchanges. Also, from what I can tell, cold wallets do not work/sync with every crypto exchange out there and every exchange doesn't necessarily sell all cryptos. I'm having a harder time seeing how the general public at large will be able to function with crypto as a general currency.
Click to expand...
IBIT is an ishares ETF, so you can get some exposure to bitcoin and not have to worry about a wallet.
 
  • Like
Reactions: Vol737
#19,929
#19,929
@1RBFjr said:
IBIT is an ishares ETF, so you can get some exposure to bitcoin and not have to worry about a wallet.
Click to expand...
Yes, I've looked at IBIT. Of course, it's been tanking pretty hard too. I have both a Fidelity and Schwab account. Fidelity offers some cryptos and storage. Seems like that would be the simplest route for actual crypto for me, assuming they can keep their platforms secure.

Edit: I see IBIT is around $38. Six months ago it was low 70s. I may watch it some more. May not hurt to start taking a small position in it. Given the nature of BTC and it's wild swings, it's likely to have a wild swing back to the upside in the future.
 
Last edited:
  • Like
Reactions: DocVOLiday
#19,931
#19,931
Stupid ugly on msft now. $380 next, then $342, then ?, look out below. Frailty, thy name is microsoft.
 
Last edited:
#19,934
#19,934
05_never_again said:
I don't know if I've seen sentiment around crypto this bearish, maybe ever. Including the other 80-90% declines it has had. Surely we're near some kind of near-term (at least) bottom.
Click to expand...
Seems to me that the bottom should be $0.00 for all cryptocurrencies. Another get rich scheme from a non tangible product.
 
  • Like
Reactions: Go aeiou
#19,938
#19,938
Vol423 said:
First good day in the market in quite a while, and nobody is talking about it.
Click to expand...
As long as sentiment keeps turning instantly and dramatically bearish with every pullback, even pullbacks of 2-3%, it is hard for me to get bearish. I know many individual stocks have gotten killed, and if you're in those it feels worse, but so many people have "this is it!!!!" moments with every tick down.

Where are the "this bull market is defective because it is led by 7 stocks" people now? MAGS has gone nowhere since mid-September and is off about 9% from its all-time high, yet the S&P is up 5.2% over that same period and is only 1% from the all-time high.
 
  • Like
Reactions: walkenvol
#19,941
#19,941
Kyndryl cut in half this morning. They are a piece of IBM before Big Blue spun it off in a recapitalization that separated their legacy business.

A double hit. They’re selling software AND their accountants f’d up royally.
 
#19,944
#19,944
HOOD, Lyft, and Mattel are all on sale this morning.

It’s probably too late to sell HOOD, but their management sucks. Restricting trading on meme stocks. Way too reliant on payment for order flow. Simultaneously attempting to step into wealth management while also diving into pseudo gambling.
 
  • Like
Reactions: Jax_Vol
#19,945
#19,945
Thunder Good-Oil said:
HOOD, Lyft, and Mattel are all on sale this morning.

It’s probably too late to sell HOOD, but their management sucks. Restricting trading on meme stocks. Way too reliant on payment for order flow. Simultaneously attempting to step into wealth management while also diving into pseudo gambling.
Click to expand...
Big sale on ALAB.

It should be on sale just for looking too much like 'Roll Tide'
 
#19,946
#19,946
Masterbrand (MBC) is off by 12.5%.

They’re trying to merge with American Woodmark (waiting for the federal government to get out of their way). They have a huge amount of debt (leverage). If housing recovers soon they’ll zoom. If construction doesn’t get to moving, they could face significant challenges. High risk. High rewards. Great portfolio of brands and they’ve been a solid company.
 
#19,948
#19,948
Haven't posted in awhile.

I recently took a large position in VITL. They've posted some strong earnings over the last year plus, yet the stock has been beat down pretty hard since they peaked at $53 back in August. Earnings will post in a little over a week and they are expected to post strong earnings again. It's been a very volatile stock over the last 2 years, so this is strictly a couple months swing for me and not a long term hold. But the volatility also presents a strong opportunity for some massive gains in the short term. If traces back up to August highs in the coming months, that's a 100% gainer.
 
  • Like
Reactions: walkenvol
New Posts
You must log in or register to reply here.

Advertisement



Back
Top