Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Jysin
Ahn'Qiraj Raider
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Sanrith Descartes
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No friend. I'm telling you that you lack the economic education to understand the "true" meaning of transitory. Janet Powell will explain it to all of us.Sanrith Descartes So, you're telling me that "transitory" inflation is still transiting, eh?
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Flobee
Vyemm Raider
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Thought it may be worth a quick follow up on this. When I posted this BITF was $4.26. Today its $8.96. I plan to hold long term with this one but a nice gain if you happened to grab someBITF
Been picking up a bit of this in my 401k with some $$$ I want to track Bitcoin price. Its a Canadian Bitcoin mining company that has access to Hydro power in Canada and made a deal for $0.02 power in Argentina. They're one of the only publicly traded Bitcoin companies that isn't bending over backwards for ESG compliance, although they still almost exclusively use green energy for $$$ reasons. Companies like MARA are bowing to ESG and they will be punished for it long term IMO
Links spoilered below, price is in the good spot if you're into this sort of thing
View attachment 373836
BITF Stock Price | Bitfarms Ltd. Stock Quote (U.S.: Nasdaq) | MarketWatch
BITF | Complete Bitfarms Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.www.marketwatch.com
Bitfarms Operating Hashrate to Grow 35% to Over 1.3 EH/s with the Delivery of 4,500 Miners From MicroBT
TORONTO and BROSSARD, Quebec, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (“Bitfarms”, or the “Company”) (TSXV: BITF / OTC:BFARF), one of the...www.globenewswire.com
Bitfarms: Investors Ignore Low-Cost Power Purchase Agreement in Argentina
On April 19, Bitfarms Ltd. (TSXV: BITF) announced that it had finalized an attractive power purchase agreement with a utility-gradethedeepdive.ca
Sanrith Descartes
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LachiusTZ
Rogue Deathwalker Box
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Sanrith Descartes
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Sanrith Descartes
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Anyone going to throw money away.... I mean buy RIVN IPO today?
"The IPO comes as Rivian delivered its first vehicles, mostly to its own employees, just a couple of months ago. It will only produce about 1,200 units by year-end at its plant in Normal, Illinois. The company, which lost nearly $1 billion in the first half of the year, estimates that annual production will hit 150,000 vehicles at its main facility by late 2023.
Based on the share count, Rivian is being valued at about $76.4 billion on a fully diluted basis that accounts for stock options. That compares with a valuation of $27.6 billion after a $2.65 billion funding round in January, Bloomberg News previously reported. "
From 1200 units to 150,000 in 24 months?
"The IPO comes as Rivian delivered its first vehicles, mostly to its own employees, just a couple of months ago. It will only produce about 1,200 units by year-end at its plant in Normal, Illinois. The company, which lost nearly $1 billion in the first half of the year, estimates that annual production will hit 150,000 vehicles at its main facility by late 2023.
Based on the share count, Rivian is being valued at about $76.4 billion on a fully diluted basis that accounts for stock options. That compares with a valuation of $27.6 billion after a $2.65 billion funding round in January, Bloomberg News previously reported. "
From 1200 units to 150,000 in 24 months?
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Sanrith Descartes
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Looking like a pretty standard reaction to shitty inflation numbers. Money leaving tech and moving in to staples/industrials/etc so far this morning.
CVS, T, VZ, UNP, etc higher on the morning.
CVS, T, VZ, UNP, etc higher on the morning.
Big Phoenix
Pronouns: zie/zhem/zer
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Best past is Janet says that 1970s style inflation won't happen.
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Blazin
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Well given their competency she may have meant it will be worse, which would make her statement technically correct which is the best kind of correct.
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Sanrith Descartes
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SPIR reports earnings after the bell. This is not "investing advice" but the stock is 100% shorted with a miniscule float and they report earnings after the bell tonight. Average analyst price is $12 and its currently at $5.25 due to shorts. If it pops to the upside it could create a nice squeeze. Disclosure: I own it and have additional puts out on it. It could also end up a flop like TRIT. Good luck and Godspeed.
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Flobee
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Interested to see what they can actually do. As I understand it the only lever they still have is a rate hike, and that would likely cascade $1.4 Quadrillion in levered derivatives. I'm not even confident they could fully taper. Its too complicated for me to totally wrap my head around though.
Sanrith Descartes
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WYNN actually just got a price "increase" wtf?
--Morgan Stanley Adjusts Price Target for Wynn Resorts to $114 From $107, Maintains Overweight Rating
and now another...
--JPMorgan Adjusts Price Target for Wynn Resorts to $101 From $89, Maintains Neutral Rating
--Morgan Stanley Adjusts Price Target for Wynn Resorts to $114 From $107, Maintains Overweight Rating
Morgan Stanley Adjusts Price Target for Wynn Resorts to $114 From $107, Maintains Overweight Rating
and now another...
--JPMorgan Adjusts Price Target for Wynn Resorts to $101 From $89, Maintains Neutral Rating
JPMorgan Adjusts Price Target for Wynn Resorts to $101 From $89, Maintains Neutral Rating
Mist
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It's weird that stuff costs more than when the entire world was shut down. Even 2-3 years of inflation is still better than 5-6 years of recession.
The business media's freak-out over rising wages is just globalist FUD. Remember that we're not supposed to trust the fake news media?
The business media's freak-out over rising wages is just globalist FUD. Remember that we're not supposed to trust the fake news media?
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Sanrith Descartes
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The reason the FED (and us) are fucked is that raising interest rates raises the gubmints borrowing costs. The FED isnt holding back because of us pleebs. The Trillions of excess spending cant handle higher interest rates.
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Big Phoenix
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Uhh it is a huge problem. Inflation isnt evenly spread across the economy all at once. Your business is fucked if youre stuck having to pay higher wages(think how most workers arent skill locked to a specific industry so your coder can go just about anywhere) thanks to inflation but cant also increase your costs because inflation hasnt hit your specific industry.
Just another mechanism that further concentrates economic power in the hands of a few.
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Shonuff
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There's a number being floated around that says all of the world's governments have printed so much money. Something like an extra 50T in the system, than before covid. Combine that with labor shortages, chip shortages, supply chain issues, and here we are. Hell, I've had to raise what I'm paying CDL truckers by 25% YOY.