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Hey Nerds: Blockchain

In striking distance of 20c tomorrow. A break would be a longgggggggg time coming and could result in a vacuum upwards. I'll take that.
 
Your tech picks are kingly. I don't know what you look at, and where you get the guts to be on so many of these players, but you da man.

I try to go long on one, maybe maybe two of these guys a year. I am pretty happy with those picks, but shit, there were so many more.
 
LeafOfFaith said:
Your tech picks are kingly. I don't know what you look at, and where you get the guts to be on so many of these players, but you da man.

I try to go long on one, maybe maybe two of these guys a year. I am pretty happy with those picks, but shit, there were so many more.
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You're missing a piece here. CH1 has success because he goes long on several tech companies, and not all in on one like you might. You win some, you lose some, but if you're long on a bunch of tech you're probably a winner. Your strategy of going balls deep in a minimal amount of stocks can pay off in a much larger way as it's less of a hedge but it's a bit riskier too.
 
CH1 said:
I missed the whole Zoom thing as well. About to blow past $500 now.
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I still don't quite buy it. And I certainly don't get it. I haven't really even bothered to try because the run up was so swift that it felt like a lost opportunity after it hit fucking $120. I still don't understand why and how it killed Skype which was literally just pre-Zoom. I don't get why Microsoft instead of going after Slack, or maybe Google for another, hasn't gone after Zoom and just copied their exact product (shit, I figure they probably have but for some reason it hasn't taken off). It's like they all just gave way to this company and said, go right ahead sir.
 
I own PINS and ROKU long term....but today I also double dipped PINS in my trading account. That + TWTR + SQ = a stress free winning day. Much easier than buying SPY calls and puts.
 
Preston said:
You're missing a piece here. CH1 has success because he goes long on several tech companies, and not all in on one like you might. You win some, you lose some, but if you're long on a bunch of tech you're probably a winner. Your strategy of going balls deep in a minimal amount of stocks can pay off in a much larger way as it's less of a hedge but it's a bit riskier too.
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I know he goes with a variety, but all of his picks are fantastic. The ones that I would think are so unlikely like PINS, still good. So it's not just that he's spreading it out, he's also making great picks on all of them.

My way is riskier in theory, but I go with the least risky of the risky plays, so that kinda mitigates it a bit. I remember reading a book many many years ago about investing, and I remember only one thing from it that stuck with me. It said not to own too many stocks. That you should pick the best of the bunch and stick with them, buy hold and grow old. It said there was no need to spread yourself out over too many, and that having too many would make it very difficult to stay informed on all of them. So pick a limited basket, and hold on. It just resonated with me, and has worked. I never expected to get 400x or whatever on the Zooms of the world, so I just watch those mostly from the sidelines. Still amazes me though.
 
Well yeah ch1 is beautiful. That helps. My favorite call of his was ROKU. I like seeing people pump shit before things pop off, not after. That's what most of fintwit does, at least. But ch1 was a ROKU homer from the beginning.
 
Full disclosure, I pay this service CMLviz PRO https://pro.cmlviz.com/signup/trading-success-www-b.php?ab=122019b a monthly fee of $20/mo (got grandfathered at that price a few years ago)

it's not a trading service but a one man research shop. He's actually an analyst of record and regularly publishes his interviews with the CEOs of the tech companies he follows.

It's one of the best monthly investments I've ever made -- he originally got me into FSLY at $20 when nobody else understood the company. Also got me into ROKU, NVTA, PINS at ridiculous prices (pre Covid).

My only regret is that I didn't buy all his picks.

His twitter handle: https://twitter.com/OphirGottlieb
 
LeafOfFaith said:
I still don't quite buy it. And I certainly don't get it. I haven't really even bothered to try because the run up was so swift that it felt like a lost opportunity after it hit fucking $120. I still don't understand why and how it killed Skype which was literally just pre-Zoom. I don't get why Microsoft instead of going after Slack, or maybe Google for another, hasn't gone after Zoom and just copied their exact product (shit, I figure they probably have but for some reason it hasn't taken off). It's like they all just gave way to this company and said, go right ahead sir.
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that's tech for you -- timing is everything. Blockbuster waited forever to stream. MSFT bought Skype and didn't know what to do with it. Google actually introduced a zoom competitor months ago....but it was too late and it didn't stick. It actually caused a Zoom dip that I should have bought.

the thing is, software looks like magic to us, but it's difficult as hell to pull off. the bear case when AMZN was trading at $50 was that one day Walmart would hire a few programmers and take over online commerce. Not that easy...
 
Fantastic. Thank you. When things calm down, I'm definitely going to look into that.

Because I really don't have any one trusted source. I just follow all news and articles on my holdings (seeking alpha is probably the only one with regularity, but the articles are all puff or snuff pieces). As for prospecting, nothing really, just CNBC, or if I think hey that sector should be hot in the future so who is the best player in that, and then research on my own. So if you like this guy, I'm definitely interested.
 
CH1 said:
that's tech for you -- timing is everything. Blockbuster waited forever to stream. MSFT bought Skype and didn't know what to do with it. Google actually introduced a zoom competitor months ago....but it was too late and it didn't stick. It actually caused a Zoom dip that I should have bought.

the thing is, software looks like magic to us, but it's difficult as hell to pull off. the bear case when AMZN was trading at $50 was that one day Walmart would hire a few programmers and take over online commerce. Not that easy...
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All true. I do think though that someone could knock Zoom down in a hurry. For one thing, if covid ever fucks off and wfh dies down, that should in theory hurt its trajectory. And although they navigated through Skype and I guess you're saying Google too, their business should be pretty fucking easy to derail if someone really wanted to go after them, like Facebook (though I think even they made a half-hearted effort). I think the difference here is that video-conferencing isn't really a core business of any of the big boys so they don't care all that much. Microsoft doesn't want Slack to fuck with its email business. Facebook knocked the shit out of Snap as soon as it looked threatening. Maybe Zoom has a clear path due to apathy.
 
this guy writes compelling detailed articles (for subs) that are fairly easy to grasp. He's up front about the company specific risks and has no problem striking names off his list if he feels the company is losing its edge.
 
don't underestimate companies that become verbs. "let's zoom" is a thing. plus most folks are more change adverse than you think...once they have zoom installed, it takes a compelling reason to get them to switch.
 
LeafOfFaith said:
For sure, but let's Skype was just as much a verb till this came out of nowhere.
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True, but from what I remember, it was always clunky. You had to dial in. Zoom is hit the link and go.

On top of that, zoom records everything. So it's content creation + a communication platform

I'm actually editing zoom videos these days. Never edited a skype video.
 
Skype was like a phone. Someone would just call your computer. And then add others.

Zoom is hit the link, except that most of my invitations require that I put in a meeting number, then a verifying code it sends to my cell, and then a passcode, and it doesn't let me copy and paste in the passcode, which is annoying. Only my online French class is hit a link and enter.

It's definitely a smoother, cleaner product than Skype. I think another difference is that it zooms in on the speaker, whereas skype everyone just stayed in their box? I can't even remember because Skype just stopped being a thing a couple of years ago and it seemed everyone just preferred the phone (count me as one who still prefers phone over video, which is distracting for business).
 
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