• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

mbow30 said:
the market is its own beast.

for 50 years central banks have focused monetary policy on controlling inflation.

and over that time our supply chains have become way more sophisticated, from diversity of supply, to better data/analytics and the improvements in forecasting & supply/demand management that has allowed for.

we're just not at significant risk of serious inflation or (GASP) stagflation right now.
Click to expand...

Everyone knows software/tech has changed everything!.... yet most people including me still underrate the hell out if it.
 
it isn't just software/tech. it's also investment in nerds who crunch numbers. everybody has analytics departments now.
 
Took a look at some charts in my watchlist and eyed an entry on SNAP for this morning as well.. Woulda been a nice double trade. That thing was primed to break out and still has a shot at testing ATH if it can get past $66.

Made another play for a company I legitimately like fundamentally as a value play. $TX. Up 6% on that in two days. I'm semi longish on that one though. It's in price discovery mode and one I've been following for awhile. Consolidated sharply recently and I had to take a starter on it.
 
  • Like
Reactions: CH1
I had a good morning with calls in FB and FSLY. Took quick profits. Then flipped to puts in FSLY and that turned out to the best move yet.

I'm back in FSLY calls. Risking very little as I bought near the low of the day (which is basically my stop)

On a more swing term, I really like BABA. Stock is back at 2018 levels.
 
Preston said:
Made another play for a company I legitimately like fundamentally as a value play. $TX. Up 6% on that in two days. I'm semi longish on that one though. It's in price discovery mode and one I've been following for awhile. Consolidated sharply recently and I had to take a starter on it.
Click to expand...

Is that the steel company?
 
CH1 said:
I had a good morning with calls in FB and FSLY. Took quick profits. Then flipped to puts in FSLY and that turned out to the best move yet.

I'm back in FSLY calls. Risking very little as I bought near the low of the day (which is basically my stop)

On a more swing term, I really like BABA. Stock is back at 2018 levels.
Click to expand...
That is interesting. Any fundamental reason for that?
 
CH1 said:
Is that the steel company?
Click to expand...
Yeah. Not a sector that I'm exactly excited about but I like to have some exposure here on the best value name of them all. Nice balance sheet, barely any debt, strong growth, but a boring stable company which is something I don't have much of in my degen folios. Very very very cheap compared to peers (which sometimes doesn't mean anything but I like that it's a bit of a hidden gem; helps with the emotional capital bit of holding and trusting yourself). Plus their Q2 earnings are seriously underestimated by analysts I think. But as I said.. Think it's just in price discovery mode at the moment.
 
  • Like
Reactions: CH1


Oh hey some dude named Casino Capital mentioned them on Twitter! I just did a search on them and there isn't much talk about them but this is kinda what I'm getting at. I like when things appear to be market inefficiencies. Have a pretty good batting average when playing them. Never a lock though!
 
  • Love
Reactions: CH1
Preston said:


Oh hey some dude named Casino Capital mentioned them on Twitter! I just did a search on them and there isn't much talk about them but this is kinda what I'm getting at. I like when things appear to be market inefficiencies. Have a pretty good batting average when playing them. Never a lock though!
Click to expand...


in my experience, the problem with those value plays is the market looks several years out at the price of the underlying commodity, so a current PE of 4 doesn't mean much if the market thinks the price of steel is going down the toilet.

I'm not suggesting that the price of steel is going to collapse...just saying that commodity land is filled with low PE stocks.

That's one of the old bearish arguments against weed stocks --- it's an easy to produce crop (of course that discounts the current protectionist/legal framework and the ability to brand build in the short term)
 
CH1 said:
in my experience, the problem with those value plays is the market looks several years out at the price of the underlying commodity, so a current PE of 4 doesn't mean much if the market thinks the price of steel is going down the toilet.

I'm not suggesting that the price of steel is going to collapse...just saying that commodity land is filled with low PE stocks.

That's one of the old bearish arguments against weed stocks --- it's an easy to produce crop (of course that discounts the current protectionist/legal framework and the ability to brand build in the short term)
Click to expand...
Yup. As I said it doesn't mean much, but it does provide somewhat of a floor in that it's not gonna go the way of ACB or something. That's why I liked GTII at ~10 back in the day and hell even CBII at 10c (a little different in that they were a very very small cap but they had a sustainable profitable business model with minimal risk of bankruptcy). May never be a high riser and I'm okay with that. It's a stable, boring stock that pays divvies.

But their growth is obvious so upside is there for 2021; it's mroe than just PE (which is a metric I fucking hate and it gets abused to no end). That's how I pick stonks at least. Works for me!

Oh and despite hating PE, steel companies don't have a PE of 4. Not even close. This isn't a case of the market being bearish on steel. They are objectively cheap compared to peers. To the point where even if steel goes to the absolute toilet and all steel stonks tank they will still be cheap or fairly valued, comparatively speaking.
 
  • Like
Reactions: CH1
Yeah I sell if it loses support but still interested longer term. Combination of lack of volume and low float intrigues me as well in terms of upside.
 
Trimmed my substantial Columbia position @ 6.03 and Cresco (was my largest position) at 13.12.


In on VEXT at 78c.
 
  • Like
Reactions: CH1
Preston said:
Took a look at some charts in my watchlist and eyed an entry on SNAP for this morning as well.. Woulda been a nice double trade. That thing was primed to break out and still has a shot at testing ATH if it can get past $66.

Made another play for a company I legitimately like fundamentally as a value play. $TX. Up 6% on that in two days. I'm semi longish on that one though. It's in price discovery mode and one I've been following for awhile. Consolidated sharply recently and I had to take a starter on it.
Click to expand...
Over 66 now. I've had a great day but it's hard to not dwell on the one that got away.
 
  • Like
Reactions: CH1
You must log in or register to reply here.
Back
Top