Investing General Discussion

Sanrith Descartes

Sanrith Descartes

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Gravel said:
I find technicals to be mostly bullshit.
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A lot of people agree with you. I think of it like this. What I personally think of technicals doesnt matter. If enough money does believe in them, they will move the market. The 50 DMA may actually not really matter. But if enough hedge funds, algos and HFTs believe that that is a support level, they are going to buy enough there to basically create their own reality. I have experienced it so many times with limit orders popping at the 50 DMA or 200 DMA that I dont care that its hocus pocus or stone knives and bear skins. I use those technical levels because they actually work most times.

The PLTR 50 DMA is $28.68. It has bounced at $28.60 and $28.48 on the retest. Could be voodoo. Could be coincidence. Or it could be algos programmed to buy at the 50 DMA. I dont care why it works. I just make use of it. I hit the button to write more puts when it hit $28.70 earlier. It beats throwing darts at a board to pick prices.
 
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Araysar

Loser Araysar

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Sanrith Descartes said:
52-weel low: 0.0001

I almost spit out my soda when I saw this.
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Never underestimate the power of a penny stock

1613496549525.png
 
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Tmac

Tmac

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Gravel said:
I still can't even rationalize the crypto thing.

If the entire purpose of them is as a store of value and trade (like a currency), then investing in it for "massive gains" makes no sense.

If it's not currency and as an investment, what the hell gives it any value to keep increasing?

It's essentially a pump and dump on a massive scale, with longer timelines. No one is using arbitrage on forex markets hoping for a Zimbabwe situation, but that's exactly what crypto is banking on. Regularly.
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All of BTC will be mined by 2040, making it completely finite and until then the amount that gets mined and added to the market every year is consistent.

I think the reason it keeps increasing is bc of a couple of factors:
  1. It's a new commodity and as such is undervalued - it would be like introducing gold to the world for the first time and as demand continues to increase and supply stays contracted the price inevitably goes up and will continue to go up until it theoretically stabilizes in 2040
  2. It is set to replace gold as an inflation proof form of money - as such more and more people are getting out of fiat as countries continue to print paper - the higher inflation rises, the more valuable BTC becomes
 
Jackie Treehorn

Jackie Treehorn

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Just picked this up from FedEx. The woman that brought it out said "this little box is heavy!"

The generic bars are boring, but these little stackable year of the oxes are nifty.

silver1.jpg
silver2.jpg
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Sludig

Sludig

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Working on in the next couple years maxing our 401k contributions. But have wondered a few things.

Look at an IRA sooner than later? Given the election, I've just got a nightmare vision of some day going to pull the money and being taxes at 5x the amount taxes are today.

Fear of near term giant inflation. I saw talk of purchasing tangible assets. Super hot market paired with rent corona craziness makes real estate not much of an option. Id be in the starter home price range anyways.

So anything that would be worth snagging instead of just still sticking away at 401k?

I'm lying telling myself Im doing myself well buying myself a jag f type for under market when they are actually appreciating at the moment, especially with this week's announcement of going full EV by 2025.
 
Gravel

Gravel

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If they decided to raise taxes that much, it'd obliterate not just the equity markets, but also the entire economy. While politicians occasionally float these ridiculous plans, I have to imagine the lobbyists wouldn't let them do it.

Regarding inflation, unless we have 70's style stagflation, you should be fine in the markets. And if you're not, well, there isn't really a good alternative vehicle to put your money anyway. It's all going to get creamed.
 
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Porkchop

Porkchop

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Hi all. Apparently i'm one of you and never even noticed this section. lol sorry about that. I trade stocks almost every day, options on occasion and I'm a crypto hodler and asic miner.

Today, I bought the BTC dip and added to my RIOT position. I'm mostly bullish about EV, so i'm holding some TSLA, PLUG, NIO, but I also have a dozen other long positions.
 
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Sanrith Descartes

Sanrith Descartes

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Porkchop said:
Hi all. Apparently i'm one of you and never even noticed this section. lol sorry about that. I trade stocks almost every day, options on occasion and I'm a crypto hodler and asic miner.

Today, I bought the BTC dip and added to my RIOT position. I'm mostly bullish about EV, so i'm holding some TSLA, PLUG, NIO, but I also have a dozen other long positions.
Click to expand...
Welcome aboard. We have different threads in the Stonkhouse for Crypto, Options, SPACS/IPO and this general discussion.
 
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Araysar

Loser Araysar

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Porkchop said:
Hi all. Apparently i'm one of you and never even noticed this section. lol sorry about that. I trade stocks almost every day, options on occasion and I'm a crypto hodler and asic miner.

Today, I bought the BTC dip and added to my RIOT position. I'm mostly bullish about EV, so i'm holding some TSLA, PLUG, NIO, but I also have a dozen other long positions.
Click to expand...

you got any weed penny stocks?

always looking for exciting new opportunities
 
Hateyou

Hateyou

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Weed stock tickers are my favorite. I checked and was surprised BAKD and STOND haven’t been taken.
 
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Jackie Treehorn

Jackie Treehorn

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Jackie Treehorn said:
That’s right, along with 15 percent plastic.
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Funny enough these are made in Germany, Hanau sounded Chinese to me, along with the astrological hoopla.

So no these aren’t made with Uighur teeth, they’re quality Jew teeth.

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Ravishing

Ravishing

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I mentioned buying back into X last week.
It's up 10.5% today. Not bad.
 
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