Hey Nerds: Blockchain
- Thread starter zeke
- Start date
Ah the "we'll never see these prices again!" mentality.
GTII was highly "investable" for me at a 750m market cap. Which is why I went balls deep and ran it for about 160% gains. Far too much risk involved to invest at these levels. This is when I take advantage of the hype of the same people who were afraid to buy at $5 who are now buying at $13.50 and trade and pick up laggard scraps while keeping risk minimal and preserving my gains.
GTII was highly "investable" for me at a 750m market cap. Which is why I went balls deep and ran it for about 160% gains. Far too much risk involved to invest at these levels. This is when I take advantage of the hype of the same people who were afraid to buy at $5 who are now buying at $13.50 and trade and pick up laggard scraps while keeping risk minimal and preserving my gains.
CH1
The Artist Formerly Known as chiggins.
Not my mentality at all. Long term investment = you're measuring time frames in multi year time chunks instead of 3-4 weeks....not sure why that's so hard to grasp.
Not sure why it's hard to grasp that this investment could possibly have been worthwhile as a longterm investment when it was literally "worth" like 35% of what it is now "worth". Hoping for 150%+ gains on any long-term investment is very ambitious. I happened to get it in a couple months. I like the company, but all of a sudden they're "worth" about 150% more than they were when I went balls deep. I think this is a much more fair valuation but I no longer believe it's a bargain.
CH1
The Artist Formerly Known as chiggins.
what you refer to as investing; I consider swing trading.
Most people do not consider the act of assessing one's holdings every few days (to see if they are all properly valued) as investing.
You're taking advantage of short term dislocations between price and what you perceive as fair value. I do a ton of that; but I don't call that investing.
Most people do not consider the act of assessing one's holdings every few days (to see if they are all properly valued) as investing.
You're taking advantage of short term dislocations between price and what you perceive as fair value. I do a ton of that; but I don't call that investing.
If I invest in a company and I believe the company is worth X amount and is currently valued at Y amount. When the company surpasses what I believe to be the fair value, I sell. You use the words you want, I call it common sense.
Anyway it's all in my degenerate account anyway. I typically swing trade and have for the last couple of years but my "investment" in GTII in the 5's was meant as an investment. I didn't expect to get 160% in 2 months. But I did. I was fully prepared to ride that for several years if I had to (although my opinions on these companies change daily as new information and new sketchy shit arises constantly). If GTII was priced at 13.50 2 months ago I wouldn't have been an "investor" in them. So why would I now? Nothing changed.
CH1
The Artist Formerly Known as chiggins.
CH1
The Artist Formerly Known as chiggins.
Yeah. It's hard to be red in a sea of green. I nibbled at some at .34
Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.
But yeah, what a frustrating stock to hold sometimes.
There is no business model and product that fascinates me more than Tinley. My only argument is that I'm a casual weed guy, at best. The alcohol industry thrives because of alcoholics, not casual drinkers. That's where most of their revenue comes from. And it seems like most stoners consider these drinks a joke.
Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.
But yeah, what a frustrating stock to hold sometimes.
I personally would fucking love to see them go mainstream and would choose that shit over alcohol probably more often than not if they did... But am I the weirdo? Does a company really want to do something that Preston would enjoy?