Fogel
Mr. Poopybutthole
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The thing I wonder about these stats, is did he list every single 162% extension, or just the ones that fit his trend?
Investing General Discussion
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The thing I wonder about these stats, is did he list every single 162% extension, or just the ones that fit his trend?
Blazin
Creative Title
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Sanrith Descartes
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Sanrith Descartes
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Why do you think Congress refused to pass a law that forces members of Congress to use blind trusts?
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Borzak
Silver Baron of the Realm
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Pandemic Prices: Assessing Inflation in the Months and Years Ahead | The White House
Hmm where would that come from? One risk the Administration is monitoring closely is inflation. But the PCE leaves out food and energy prices so we're actually okay, who needs food and gas?
Hmm where would that come from? One risk the Administration is monitoring closely is inflation. But the PCE leaves out food and energy prices so we're actually okay, who needs food and gas?
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Sanrith Descartes
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Coinbase IPO. 100 billion valuation.
www.marketwatch.com
Should you buy Coinbase? The valuation is ridiculous, based on this math
Coinbase may be a good company, but COIN, valued at $100 billion, is not an attractive stock to own.
www.marketwatch.com
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Gravel
Mr. Poopybutthole
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This time actually is kind of different though. First, the 30 year bond bubble ended. With interest rates also at historic lows, that means all the money flows into the markets. Even more on top is that the rest of the world economy is even worse with many places having negative interest rates recently, and so all worldwide money is dumped into our markets.
Then, the "drop" was an incredibly short, government manufactured drop that had the quickest v shaped recovery I think we've ever had.
Add in insane shit like QE47 or whatever fucking version we're on and printing 8 trillion in under 12 months, and I have a hard time believing we follow historical trends.
I'm very much a believer in laughing at people who think "this time is going to be different," but man, this time things seem quite different.
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ToeMissile
Pronouns: zie/zhem/zer
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Billion is the new Million?Coinbase IPO. 100 billion valuation.
Should you buy Coinbase? The valuation is ridiculous, based on this math
Coinbase may be a good company, but COIN, valued at $100 billion, is not an attractive stock to own.
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Tmac
Adventurer
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Coinbase IPO. 100 billion valuation.
Should you buy Coinbase? The valuation is ridiculous, based on this math
Coinbase may be a good company, but COIN, valued at $100 billion, is not an attractive stock to own.
If they’re in it for the long haul there’s no fucking way they want a $100b valuation. They’re all about to golden parachute the fuck outta there.
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Flobee
Vyemm Raider
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Fogel
Mr. Poopybutthole
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Last couple days slightly red, even though SP and Nasdaq are green the majority of their holdings are red. Only thing saved me yesterday was Successfully swing trading CWSFF. Had previous posted about buying at .70 - .80 and selling at .9. It finally climbed back to .91 yesterday. Sold yesterday and will be averaging back in under .80, it's currently at .81. Still holding some long too. Also still holding KMPH, SELB, and BCRX for some positive bio news. The rest of my plays are mostly puts at this point.
Furry
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Bitcoin is sitting in a precarious situation. It's reaching the intersection of military going "where the chips at?" and good-nicks realizing a bazillion computers running full crank wastes a lot of power and hurts the environment. The IRS has poked at it some, but a full-on government attack on BTC wouldn't be pretty.
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It’s just your redemption rights like all SPACs have. This is why people say SPACs have a de facto floor of NAV.
Supposing those two stocks were UNDER $10 a share, you would still have the right to redeem them for $10 a share plus interest.
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Haus
I am Big Balls!
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Coinbase IPO. 100 billion valuation.
Should you buy Coinbase? The valuation is ridiculous, based on this math
Coinbase may be a good company, but COIN, valued at $100 billion, is not an attractive stock to own.
I believe the real money to be made off the coinbase IPO will be in the pop it gives to the Crypto space , not in it's own stock value. Today's surge in crypto prices are making me think I'm not the only one thinking this.
As for the "environmental" impact.... I just had to have this argument with a friend. Look at what BTC is positioned as, it's positioned as a replacement for Gold as a store of value. Compare the environmental impact of all BTC mining versus the environmental and energy cost of mining gold and you suddenly see, it's the green alternative. I do still think we're going to see the government come after crypto hard at some point, but the proverbial cow is already out of the barn at this point. Tax law around Crypto is actually far more established and defined now than it was just a couple years ago. But the SEC seems to be gearing up to engage in some high tier fuckery.
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Furry
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If I were an honest person, I'd say this is the company trying to help their stock by showing they have the good faith to support it at 10$.
If I were a dishonest person I'd say the company is readying the golden parachutes so they can dunk on the current price and then evacuate at cost once the price goes below 10. "Everyone else had the same chance to do it, promise!"
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Every SPAC has redemption of shares available. This is in no way unusual or underhanded.
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Furry
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But don't they typically expire? Perhaps my memory is off, but that no expiration struck me as odd.