The Investment Thread (9 Viewers)

[Turfie]

Maybe a new video game just came out. Let me check the shelves.

 

[SaintInBucLand]

SPY Calls go boom, and I have a feeling Costco's numbers are going to be far better than Walmart and Target just because the company is better run, and they don't seem to have made the seasonal mistakes the other two made.

My Costco calls up over 300% today, took a large chunk out, but want to see what happens after today's earnings call.

 

[bclemms]

My Costco calls up over 300% today, took a large chunk out, but want to see what happens after today's earnings call.

I sold my TSLA calls today up 1600%.

But I only had 3 and my pile of APPL puts led me to an end of day red value.

 

[DaveXA]

I sold my TSLA calls today up 1600%.

But I only had 3 and my pile of APPL puts led me to an end of day red value.

Can't win em all. Nice on the Tesla calls tho.

 

[bclemms]

Can't win em all. Nice on the Tesla calls tho.

They did their job, if not for the hedge it would have been a blood bath. Interested to see how far this rally will go. Many on the technical side are predicting moon shot before a crash.

 

[SaintInBucLand]

I sold my TSLA calls today up 1600%.

But I only had 3 and my pile of APPL puts led me to an end of day red value.

Yeah I had Tesla calls I thought were dead.. but it was like an Evanesence song today.

 

[SaintInBucLand]

They did their job, if not for the hedge it would have been a blood bath. Interested to see how far this rally will go. Many on the technical side are predicting moon shot before a crash.

I think we have a bit of a down day tomorrow then another bear rally before it falls off a cliff again.

 

[Turfie]

Anyone think it’s interesting that Bitcoin and the major stock indices are not tracking together?

In the past there has been similar movements

 

[bclemms]

Anyone think it’s interesting that Bitcoin and the major stock indices are not tracking together?

In the past there has been similar movements

Yes, it tells me investors are wanting more risk than safe havens but they are still scared enough to avoid the really risky stuff. It's a sign of rational behavior which seems odd because behavior has been so irrational for so long.

The FOMO and YOLO are finally going away. It also tells me that crypto is about to make a huge move. Either people are going to get discouraged watching the rally while holding crypto and start to sell and chase or the selling pressure is still mounting on crypto for another big leg down. Would be a good time to straddle the crypto market.

 

[SaintInBucLand]

Charge Point up big today. In order to move forward with EVs becoming more mainstream we have to have the infrastructure in place to be able to charge them easily.

 

[St. Geezy]

New game - take everything out, then wait until about three or four weeks out from the quarterly rollovers, and go heavy on the so-called “mEME sTOCKS.”

Also buy puts in between the quarters.

 

[St. Geezy]

Anyone think it’s interesting that Bitcoin and the major stock indices are not tracking together?

In the past there has been similar movements

Nope. They’re using it for liquidity. It’s a Ponzi Scheme.

 

[superchuck500]

Nope. They’re using it for liquidity. It’s a Ponzi Scheme.

Explain

 

[St. Geezy]

Explain

I actually have brought this topic up multiple times in this thread, but every major crypto coincides with strong price movement on the heavily-shorted securities. In fact, the huge crypto pump starting in late Dec of 2020/early Jan 2021 coincided with the whole "short squeeze" phenomenon.

I just don't believe in the product and think it's a clever way for big banks to take donations from retail. It may not have always been the case, but I feel that's what it has turned into.

I am not shocked that Bitcoin is going into the mid 20s just as it seems like the AMC and Gamestops of the world are starting their surges from recent lows, similar to last year's sequence of events around this time.

 

[St. Geezy]

There are several pieces written like this, and I personally adhere to the belief:

Cryptocurrency Is a Giant Ponzi Scheme

Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.

www.jacobinmag.com

Here's one from a more reputable source that is also more recent:

Is cryptocurrency a Ponzi scheme? - The Boston Globe

Crypto believers reject the accusation by citing the relative transparency of the currencies’ methods and the absence of deception. Detractors say the lack of underlying assets or government backing qualifies crypto for the Ponzi duck test.

www.bostonglobe.com