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Hey Nerds: Blockchain

That's not true. A lot of the smash victims are of the blue chip variety. Any change to obscene growth projections is met with a sledgehammer, no matter how profitable you are.
 
$CEAD from 1.60 to $2.76 in less than a week. Aggressively trimmed at 2.72. Smaller position now, but will let the rest ride as a "hedge" to my otherwise bearish leaning account.
 
To clarify why I chose this degenerate corporation: somewhat of an inefficiency that Presto likes to exploit.

Had a ~$10m market cap, $15m run rate (with no real cash burn; pretty much break-even) and $22m in cash, which was mostly raised a month or 2 ago to go alongside an uplist to the Nazzy. The risk-reward, even during market turmoil, just felt right as it kept bleeding. Short interest was huge and it felt like it was ripe for a pop. And when every other name I had in the account was doing quite well it made it a no-brainer to keep adding.
 
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I'm impressed....where the heck do you read about these companies?

I'm sticking to my tried and true tech basket.

caught a nice rip in CRWD calls today...bot some at 4.20, more at 2.80....sold at 6.20 and 9.50.

made 3 days pay in 42 mins...then shut off my trading computer before it all came crashing down
 
what happened to our old CBII? I haven't kept track since the uplist....
 
CH1 said:
I'm impressed....where the heck do you read about these companies?

I'm sticking to my tried and true tech basket.

caught a nice rip in CRWD calls today...bot some at 4.20, more at 2.80....sold at 6.20 and 9.50.

made 3 days pay in 42 mins...then shut off my trading computer before it all came crashing down
Click to expand...
I dug deep with this. Been doing more homework than ever the last month or so, trying to find some hidden gems. I don't even remember WHERE I found this one but I couldn't really believe my eyes when I saw it; they did a big reverse split and capital raise with warrants so I think selling pressure got to the point where it became an "easy" decision to buy (they raised at $4.13). It's not a sexy company, it's not one with high growth potential. But it is a stable company that has been around for a long time that once had some real hype behind it. Back in 2014 it went up to $1300 per share and had legit institutions buying shortly after. Obviously didn't quite live up to those expectations but they're a fine break-even company with a lot of cash on hand (the cash balance was the most important factor for me especially during market turmoil).

But again.. .It got to the point where it was beyond nonsensically cheap, and yes it doesn't ALWAYS have to correct but when it gets this ridiculous it often does. And when it's the "hedge" to my shorts it makes it an easier decision to buy what I considered a VALUE name.
 
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CH1 said:
what happened to our old CBII? I haven't kept track since the uplist....
Click to expand...
I kept 100 shares as a keepsake reminder of one of my bigger winners. It was once up almost 2000%. Down to 97% now. Holy lord.. I do not know what happened.
 
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We spotted the grift in that CEO from a mile away, eh @CH1? Dude was a master pumper and I guess his promises haven't quite held up. Shocked, I tell ya.
 
yeah....it was pretty easy to spot...the CEO was revolutionizing healthcare by building his billion dollar business yet still found time to engage in 1 hr long interviews with anyone that would listen
 
Newsflow has been positive this weekend. Gap up is possible and the bulls need it. We are not far above fear lows of Feb.24; if those break we may get to unprecedented levels of despair. Still may happen, and if not tomorrow then another day, but I think there's enough optimism to prevent it on the open at least. So many moving parts and plenty of "reason" for things to tank but that's not quite how it works. It's the reason most permabears get wiped the fuck out even during bear makets. Always a tough environment to navigate.
 
don't forget the Fed decides on interest rates this week -- so JPow will be more important than Russia for a bit
 
And he's given plenty of bullish leaning hints of kicking the can down the road. Of course the market will decide what that means in the short to midterm. I don't pretend to know.
 
they're selling every rally (again)...spotted the right level...but didn't act on it because it was too 'obvious'

missed out on a big pay day but got a little pocket money by going long NVDA
 
Lower highs, lower lows, lower highs, lower lows.


Just a slow, controlled bleed. Headline risks all over fueling the fud. I'm still not even feeling the psychological fear that we've seen in other shitty markets. Although we are getting closer to oversold territory at least the QQQ weekly timeframe. How low can we go?
 
I don't think I'm representative of what's going on out there, because I think it's been a massacre. Buy, hold, and wish you sold.
 
I don't understand these price target fortune telling hot takes. I get it adds to their followers but shit picking a direction with any sort of conviction is impossible right now. The good chartists don't have many followers and speak in probabilities, not assertions. Doesn't quite sell like xtrends and this Hunter fella though.
 
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You understand

Saying “I’m not sure what happens next” ain’t much of a crowd pleaser
 
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