Sanrith Descartes
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The redemptions arent the same as warrant calls. You have the option before the vote to sell your shares for the $10 NAV or near abouts.
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Investing General Discussion
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Blazin
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Up over 2% a day later. Subscribe to my news letter for even more juicy stock plays!
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Sanrith Descartes
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I am so annoyed Gold dropped sub $1700 while I was on vacation. I wanted to buy some sub-1700.
Sanrith Descartes
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It appears rumors of Tech's death were greatly exaggerated.
QQQ new high.
FTEC new high.
XLK new high.
QQQ new high.
FTEC new high.
XLK new high.
Blazin
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I remember someone calling ARKK a dumpster fire 17% ago
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Ravishing
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Blazin
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27.50 going to be resistance definitely. There is a gap at 31.80 that's a possibility. Until 27.50 this move doesnt mean much would just be another lower high in a downtrend.
Sanrith Descartes
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But was is it after that monstrous net fee taken out?I remember someone calling ARKK a dumpster fire 17% ago
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Sanrith Descartes
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My guess is some funds are pumping PLTR to the end of the week to cover the 80k contracts for $25 strike calls they bought. Wallstreet never lets a little market manipulation get in the way of making sure their options dont expire worthless.
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Sanrith Descartes
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Kiroy
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Haus
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Which means you treat it like any hot altcoin ICO....
Let it launch, let it pump, let it dump, watch it consolidate... THEN decide if it's a reasonable price. What i saw of valuations and forward looking PE ratios and such make me think that's still going to be a "Uh... no."
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Rajaah
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I'm glad I read up on this thread because now I too am skeptical. I think there might be some money to be made in COIN tomorrow, like inside of the one day. Might try to get some in the morning if it dips from the insiders selling their overvalued stock, then get out before the end of the day and watch it lower/stabilize the following day. But I don't know.
I set aside some funds to jump on it if necessary, but with it starting at such a high number I don't know when that jump-on point is. I may yet just re-direct those funds elsewhere.
Sanrith Descartes
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Haus
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As you wish.....
Original article I found, it's Forbes, so view with a incognito window :
Bitcoin’s Energy Consumption Is A Highly Charged Debate – Who’s Right?
Detractors claim the bitcoin mining industry is enormously energy-intensive and damaging. Supporters contend that bitcoin’s Proof of Work public consensus mechanism, which facilitates the conversion of energy to hashes, is a work of unparalleled genius. So, who’s right?
www.forbes.com
But since I can tell by the cut of your jib you want the straight dick on this! here....
There are a ton of sublinks if you want to rabbit hole down that way as per your personal preferences...
Intereting side note form the Forbes article, is the one showing how much waste is produced just to produce a wedding band. heh