Investing General Discussion

Rangoth · Apr 6, 2021

I think it will be one of the few public crypto platforms, yes? This will make it mirror the crypto scene slightly. Plus it is simple to use and user friendly which is nice. Their fees are asinine and the moment there is strong competition they will needcto adapt or die but as one of the only major and easy US players they have an advatage to crypto newcomers that will be profound. I would expect this stock to go up 50% in the first year if they dont fuck up. I mean....how can they lose money other than complete mismanagement of operating costs?

Flobee · Apr 6, 2021

Rangoth said:
I think it will be one of the few public crypto platforms, yes? This will make it mirror the crypto scene slightly. Plus it is simple to use and user friendly which is nice. Their fees are asinine and the moment there is strong competition they will needcto adapt or die but as one of the only major and easy US players they have an advatage to crypto newcomers that will be profound. I would expect this stock to go up 50% in the first year if they dont fuck up. I mean....how can they lose money other than complete mismanagement of operating costs?

Thats more or less how I see it. Their service sucks, but they will act as crypto exposure for institutional investors that can't or don't want to directly access those markets yet.

Sanrith Descartes · Apr 7, 2021

Boomer Stocks last 30 days. LMT and NOC look almost identical.

LMT

NOC

HD

PG

Locnar · Apr 7, 2021

Jackie Treehorn said:
Hopefully the stock doesn’t stink as much as they do as an airline.

ULCC (Frontier) up a good 8 percent since ipo. They maybe shit to fly, but the stingy maniacs that own/run this airlines (Indigo bros, same people that flipped Spirit airlines from a profit zero to a profit hero) know how to Nickle and dime the flying public!

Furry · Apr 7, 2021

Nikola's chief ~~concrete layer~~ hydrogen fuel cell engineer resigned. I'm sure they'll find a specialist PhD to replace him.

Sanrith Descartes · Apr 7, 2021

Markets doing jack and shit until the FOMC notes get released this afternoon.

Sanrith Descartes · Apr 7, 2021

NASDAQ flat yet...

Sanrith Descartes · Apr 7, 2021

Tmac · Apr 7, 2021

What's he mean, "We added some $FUV today."?

He buy it for all his clients, lol?

Sanrith Descartes · Apr 7, 2021

Tmac said:
What's he mean, "We added some $FUV today."?

He buy it for all his clients, lol?

He talked shit about the stock and its buyers at the beginning, then bought in, then doubled down, then cried about "the shorts". Guy is a whiny douche. That is basically the moral of the story.

LachiusTZ · Apr 7, 2021

High class loss porn

fris · Apr 7, 2021

Flobee said:
I don't think the company is great, but the IPO is probably going to be pretty huge. April 14th

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The firm reported about $1.8 billion in revenue, a 9x increase from the prior year, and a net income of $730M to $800M on an adjusted EBITDA of about $1.1 billion. In addition, the company boasted 56M verified users (13M of them added in Q1 alone) and 6.1M monthly transacting users (+3.3M in Q1). Revenue growth over the last quarter was 207.6%, net income was up 312.9% and volume traded was up 272%.

Here's a breakdown of the main figures from the company's press release:

Verified Users of 56 million

Monthly Transacting Users (MTUs) of 6.1 million

Assets on Platform of $223 billion, representing 11.3% crypto asset market share

Includes $122 billion of Assets on Platform from Institutions

Trading Volume of $335 billion

Total Revenue of approximately $1.8 billion

Net Income of approximately $730 million to $800 million

Adjusted EBITDA of approximately $1.1 billion

Why does coinbase need money?

Poster · Apr 7, 2021

Falstaff said:
Watch this scene and you'll see how Goldman escaped unscathed.

If you're not first, you're last.

This scene is one of many great ones in Margin Call. All time finance movie classic.

fris said:
Why does coinbase need money?

I didn't read the S-1, but they don't need the money. Their founders/early VC backing want a liquidity event so they can be real billionaires instead of just paper ones.

Sanrith Descartes · Apr 8, 2021

So the tech rotation/correction bottomed on 3/5. So just about 1 month ago. I began putting cash to work a couple of weeks prior to the bottom. Here is how I did on that cash in the last 30 - 45 days:

FTEC + 8%
HD + 19%
WMT + +8%
KMB + 6%
PG + 5%
QQQJ + 2%

Additionally I added to existing positions like NVDA, PYPL, AAPL, LMT and NOC.

Sanrith Descartes · Apr 8, 2021

MSFT 100b away from 2 trillion market cap.

Ravishing · Apr 8, 2021

For some reason I didn't realize MSFT was still that large.
Never really looked and just assumed Amazon/Google/Apple surpassed them.
Actually, looks like Apple did surpass them, sitting at $2.17T
Where's a current list of largest companies by Market Cap?

Sanrith Descartes · Apr 8, 2021

Ravishing said:
For some reason I didn't realize MSFT was still that large.
Never really looked and just assumed Amazon/Google/Apple surpassed them.
Actually, looks like Apple did surpass them, sitting at $2.17T
Where's a current list of largest companies by Market Cap?

MSFT is a beast. Its old enough that people kind of forget about it.

Blazin · Apr 8, 2021

We should hit the lower range of where I think S&P will top out in the near term (4100-4300). Market is showing incredible strength our natural inclination is to be cautious, which is prudent.

My base case was that nasdaq would get to it's previous ATH but stall, if it is able to punch through then that will change my outlook for how strong of a pullback we may get. Meaning a new high means pullback will likely be to more shallow. On average the market experiences an 11-14% decline from peak to trough every calendar year. There are years though where pullbacks are extremely muted and shallow. I hate trading those years as you are constantly positioning for a "normal" that never comes. See 1995 & 2017 for examples.

People have increased equity positions and reduced cash. We are pushing the upper levels.

None of these data points means "CRASH IS COMING" but it probabilities are increasing that the markets may struggle to find further progress without a reset in price or time. Strong bull markets can often resolve these periods by just going nowhere for a bit and let things cool off. None of this means much with a many year time horizon, where the outlook is bright as we are in the early stages of a new expansionary cycle.

Either way people should be ready for a change in behavior soon. Will watch it day by day, if the market blows through my range and goes even higher beyond 4300 without correcting for time or price, then will have to evaluate that and look at the weight of the evidence at the time. Anecdotally I would become more concerned if that happens not less. More froth means stronger corrective action which can then build into something worse with a system that we know can be fragile to stress

Sanrith Descartes · Apr 8, 2021

V has nearly erased that 10% drop it ate when the DOJ announced its investigation into them a few weeks ago.

Blazin · Apr 8, 2021

Sanrith Descartes said:
MSFT is a beast. Its old enough that people kind of forget about it.

I sold MSFT calls @ 245 so it needs to calm its tits a little.

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