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Hey Nerds: Blockchain

Altair said:
First time investors man. Young people who like the product and figured it was on the up and up plopped a bunch of money into it.

But millenials have been putting their money into much more stable investments, like real estate. A lot of them/us/whatever, are coming to realize that they don't enjoy the volatility that this emerging market is going through and they don't like the idea of losing money on the stock market, probably a reason why this generation wasn't investing in the stock market to begin with.

No harm in trying it out and leaving if you don't like it.

https://www.bankrate.com/investing/financial-security-0717/

Millenials want less risk, volatility represents risk, weed is going through some volatility.

Not surprised people, especially young people, are bailing. I simply decided not to touch stocks, cash for me.
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we'll see. I think millenials suffer the same fear of missing out that compels many to invest. that robinhood app (US only) is amazingly successful
 
With that said I still don't think we're anywhere near rock bottom. Think it drops some more before it goes on a big run leading up to the summer.
 
Altair said:
First time investors man. Young people who like the product and figured it was on the up and up plopped a bunch of money into it.

But millenials have been putting their money into much more stable investments, like real estate. A lot of them/us/whatever, are coming to realize that they don't enjoy the volatility that this emerging market is going through and they don't like the idea of losing money on the stock market, probably a reason why this generation wasn't investing in the stock market to begin with.

No harm in trying it out and leaving if you don't like it.

https://www.bankrate.com/investing/financial-security-0717/

Millenials want less risk, volatility represents risk, weed is going through some volatility.

Not surprised people, especially young people, are bailing. I simply decided not to touch stocks, cash for me.
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Yeah, it's a side effect of them not trusting that certain institutions will be there for them throughout their lives. Most millenials grasp that automation is coming for their jobs (or at the very least, making their working lives far more volatile and uncertain), and that the financial system is a rigged game. They'll change it when they get their hands on the wheel (if Gen X & Y don't change it first...they tend to be very aware of the same issues, but were lucky enough to get the last invite to the Baby Boomers party)
 
couldn't resist, bought some APH options that expire in April.
 
Hoglund14 said:
With that said I still don't think we're anywhere near rock bottom. Think it drops some more before it goes on a big run leading up to the summer.
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We're almost back to where we were pre parabolic run up. There might be some over correction and prices sink below that level...but here's something interesting:

RSI isn't foolproof by any stretch, but it's a solid enough indicator of greed & panic (for anyone tuning in who isn't familiar with Relative Strength Index: https://www.investopedia.com/terms/r/rsi.asp).

Here's the RSI for a bunch of the bigger players in Canada, and the rough share price they were trading at the last time they had an RSI at this level:

WEED - 41.74 (6.50 -Now 28.03)
APH - 38.65 (6.50 - Now 15.70
ACB - 43.27 (2.80 - Now 10.42)
MJN - 43.81 (2.25 - Now 8.27)
LEAF - 35.54 (Have never had an RSI this low...but the closest to this low was at 8.00 - Now 18.45)
THCX - 42.92 (1.40 - Now 3.78)

The last time investors were this concerned, price levels were way lower. Ride it, sentiment will turn and we'll probably see irrational exuberance shortly after big money has slowly gotten their fill at or near the bottom and the financial press starts pumping out pieces about how valuations are now proper or undervalued again. We're already starting to see some of the more prominent Canadian investors make those kinds of noises in the press.
 
CH1 said:
we'll see. I think millenials suffer the same fear of missing out that compels many to invest. that robinhood app (US only) is amazingly successful
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Maybe.

Millenials have some different habits from other generations when it comes to money.

Gambling for instance. https://www.google.ca/amp/s/www.cnb...rry-as-fewer-millennials-line-up-to-play.html
Young Americans are showing less interest in buying lotto tickets than their parents, prompting lottery officials to worry about the odds for future growth.

While overall ticket sales rose 9 percent last year versus 2015, the number of millennials — adults in their late teens to early 30s — who play is falling.
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Only a third of Americans aged 18 to 29 said they played the lottery in the past year, compared with 61 percent for those aged 50 to 64, according to a 2016 Gallup survey.
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I remember my mother buying the weekly lottery ticket, I myself, have never bought one.

Casinos are reporting that millenials don't show up to play luck based games.

Millenials are acting very risk adverse with their money and aren't putting it into things where they feel like they might lose it. Gold beat out the stock market, that should say it all.

A lot of young people like weed and will dip their toes into investing in it but once they see their investment start to lose money you can bet they are pulling out as soon as possible.
 
tenor.gif
 
A buddy of mine has thrown 800k in the last 12 months that i made him on stock suggestions, down a black hole on spy options. I won't be giving him any more tips.

Be careful with options man.
 
Iknowenuff said:
A buddy of mine has thrown 800k in the last 12 months that i made him on stock suggestions, down a black hole on spy options. I won't be giving him any more tips.

Be careful with options man.
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Give us one tip, I'll throw a few grand at it just to test your abilities.
 
Oh...and today sucked dick.

I won't trade emotionally, especially on days like this...but mother**** me today sucked.
 
MindzEye said:
Oh...and today sucked dick.

I won't trade emotionally, especially on days like this...but mother**** me today sucked.
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Everything is taking a beating

Not sure what the driver is but best to hang right for now and wait for the swing
 
Artnes said:
Everything is taking a beating

Not sure what the driver is but best to hang right for now and wait for the swing
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I do a scan of my MJ watchlist (which is pretty extensive) at close every day, and check my google news alerts, the forums, etc just to get the pulse of how the day went and jesus **** today was grim. There were more companies that shed 10% or more than not and the only company on my watchlist that was in the green today was Cannaccord.

This is pure cloud reading, but I think the driver is panicked retail money running out of the space, that was spooked by the big boys triggering stop losses in interesting places. Institutional money wants in, but they don't want to pay post parabolic rates, they want in on the floor.

Scare the herd, make it stampede, and then gorge.

crocidile.gif
 
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