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Hey Nerds: Blockchain

Preston said:
They did! Ayr is up 23% on my avg and went up 18% today. The thesis played out!
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Up 33% now as they received NJ approval! I managed to take off a giant piece near close. I had a degenerate amount of money in this play due to a degenerate amount of faith in this playing out. They report earnings this week and I'm pretty sure they'll be shit. But their growth story is in the 2nd half of 2022. And while I don't love the corporation, I love the price. Every stonk has a price.
 
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How do you guys do so much selling anyway? All your trading is in retirement accounts and thus don't get taxes?

Here you can only contribute relatively modest amounts to those tax deferred accounts. The rest has to go in a typical brokerage account that has immediate tax implications when you sell.
 
The only $$$$ I have in the market right now is in my RRSP and some TFSA (most of my TFSA was withdrawn last year to become more liquid for buying a house which I still haven't done). RRSP is still mostly cash and slowly rebuilding my VTI position. TFSA was fully loaded with AYR up until today, so cash is slowly building there as well.

I think I was about 0 for my last 10 on day/swing trade attempts but thankfully I kept my losses very very small and never went as heavy as I did on Ayr. Tight leash in bear markets. This AYR play made up for all of those and more.
 
Yeah, demand planning has been out of whack which has impacted mfg andn ordering behaviour. Market fundamentals are still ok, though - robust labour market and rising wages.
 
Question with this Amazon stock split

Do these 20-25x reverse split usually mean the stock is going to get pounded lower initially

They are trying to get retail investors in but diluting shares usually backfires ?
 
Poor Xtrends went bulltard a few days ago

I went long a few minutes ago for a trade — tight stop
 
GEEMAN said:
Question with this Amazon stock split

Do these 20-25x reverse split usually mean the stock is going to get pounded lower initially

They are trying to get retail investors in but diluting shares usually backfires ?
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not really dilution — but lowering the price makes them more likely to be part of the DOW 30
 
Preston said:
The 1970s stagflation event wiped out 30 years so not gonna count out anything
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My friend told me a couple of months ago to just sell everything. He said in the dot com bust, people kept holding, all the way down to zero. Oh but buy hold, I said! Every fucking week it gets worse. I’m past the point of depression about it. Feels like being in a plane nosediving into the ocean, like eh, what can be done, it is what it is, no point to scream.
 
LeafOfFaith said:
My friend told me a couple of months ago to just sell everything. He said in the dot com bust, people kept holding, all the way down to zero. Oh but buy hold, I said! Every fucking week it gets worse. I’m past the point of depression about it. Feels like being in a plane nosediving into the ocean, like eh, what can be done, it is what it is, no point to scream.
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Picking companies with sustainable profitability/cashflow positivity is key in these environments. Plenty of tech names just bleeding money profusely all while making parabolic moves over the years. Stuff like that needs to correct. And the valuations (which is always a moving target) that seemed fair a year ago now seem insane as people look to more historical PEs when evaluating these stocks. Plenty of indicators that raise red flags about the economy but at the end of the day it's all about sentiment. I was scared shitless a year and a half ago. That was an uncomfortable level of euphoria that I feel like was leveled up to stupid heights.
 
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