OT: Stock trading | Page 115 | The Boneyard

OT: Stock trading

LStudfellow said:
I see a bunch of people talking cryptocurrencies on this thread.... but no one has mentioned either RIOT or MARA, the two main Bitcoin blockchain companies in the last several weeks (I went back and looked).

Don't look now, but both are about to have a double... since just last Monday. Today alone they were each up over $9... a 40%+ rise for each!

I have been following both since they were in the $2.00-$2.50 range early last summer. They both closed above $32 today, and are almost at $37.00 afterhours with Bitcoin's run to $47k.

And no, I am not saying I was smart enough to hold either one from that price... but I have made some good money on both over the last several months, and particularly over the last week.

One additional thought... if Bitcoin gets to between 80k and 100k this year (a distinct possibility) than both RIOT and MARA will get over $50... maybe quite a bit over on a spike. Just saying...
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Interesting. Found this. Here's Why Marathon Patent, Riot, Westport Fuel and Clean Energy Are Moving | Benzinga
 
Musk BTC: low price + possible well-timed PR cover?

After purported issues in mainland China including unexplained acceleration on some vehicles, software update quirks, battery fires, and at least 1 widely reported car explosion in a parking garage, TSLA’s been harshly slammed on Weibo (mainland Twitter/FB hybrid). Consequently, multiple regulatory investigations of TSLA are underway.

Legit issues? Mainland driving prowess? Rising nationalism? Ongoing trade war games? Re-engineered enough already, you may leave now Elon? ;)
 
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ucinnc said:
Regarding CCL, keep in mind they own/operate a ton of different lines - they’re not just the flagship Motel 6 experience. And there are enough people that love to cruise that at this level, seems like a pretty good roll of the dice if you have a medium-term timeline.
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CCL may be an OK MT opportunity, but JP just lowered the CCL price target. In the travel space, more general travel search and non-nautical alternatives still well below pre-SARS2 prices may pop sooner than cruise lines.
 
I was looking at the other stock thread which seemed centered around crypto. seems with congress going blue
there is even more momentum in this sector - thoughts?
 
definitely some momentum - my potfolio has enjoyed the recent runs for APHA & ACB
 
IF inclined to buy hugely-publicized mainland EVs (NIO, XPEV, LI) vs quality manufacturers such as BYD with massively larger distribution, legitimate track records, etc, LI and XPEV are at/approaching HK advisors' buy ranges (Li $29, XPEV $45). Conversely, HK advisors' suggest NIO is nearing being overpriced ($62). Not a recommendation, just sharing.

Heads up for Asian equity day traders - Lunar new year exchange holidays: HK (2/11 1/2 day, 2/12-15), SG 2/11 1/2 day, 2/12), Seoul (2/11-12), Taibei (2/10-16); mainland (2/11-17). Hanoi (2/10-16). Absolutely friggin nothing happens other than meeting relatives to eat way too much and in some cases drink massive quantities). IND, MY & PH (2/12).
 
I've been watching a number of stocks in this space but so far have been participating via ownership of Shopify (SHOP). Bought a few years ago at $28 and its breaking through $1,400 today. I think it still has lots of runway.
 
Husky1 said:
I was looking at the other stock thread which seemed centered around crypto. seems with congress going blue
there is even more momentum in this sector - thoughts?
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I've been in KERN since 3.90. I believe this will be the software to drive operations for the MJ industry. And that software should be easlily integrated into the next (and bigger) psychodelics movement. MMEDF and CMPS there.
 
I am not as optimistic about the probability of cannabis stocks but do own GRWG which is at $65.75 with a 52 week range of $2.62 to 66.10.

Unfortunately I did not buy it until $39.79.
 
Kitaman said:
If it becomes legalized, what impact do you anticipate?
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If this is a response to Psychadelics: There will be medicines for depression, anxiety, and addiction. That market is already huge, but the amount of psychological damage inflicted because of social media and other elements the market is only going to grow.
 
'all you fundamentally need to understand aboot the cannabis future.'
old people. topical and internal use of the kind bud, for health reasons.'
and it ain't new, just growingly kosher.
and speaking of kosher,
'Cannabis burned during worship' by ancient Israelites - study - BBC News
the cannabis equity market today looks exactly like the markets for computer tech, cellphones, and such from back in the day when general awareness for their inevitability became common.
choose wisely, as opportunity in this exploding market exists for everyone.
91d85c95dea511e51393199bcf8d3051.jpg

elon sez 'hi.'
 
Look at $HEMP$ penny stock that has doubled in the last week on sector movement and recent BOD changes. At ~.025 currently. Worth a flyer IMO. Decent fundamentals for a cannabis play.
 
The problem with the industry is that the government will destroy the industry with taxes, fees, regulations, etc as soon as they legalize it. Prop 64 in CA for example is largely viewed as a failure from a business standpoint. Should be treated the same as Alcohol.
 
Agreed, it is highly regulated and has massive barriers to entry. But, it will, at some point, be a legal commodity industry that will have a few successful companies ie tobacco.
 
Husky1 said:
I was looking at the other stock thread which seemed centered around crypto. seems with congress going blue
there is even more momentum in this sector - thoughts?
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The discussion changes day to day. Have discussed pot stocks as well.
 
UcannUconn said:
The problem with the industry is that the government will destroy the industry with taxes, fees, regulations, etc as soon as they legalize it. Prop 64 in CA for example is largely viewed as a failure from a business standpoint. Should be treated the same as Alcohol.
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I played around with them a few years ago and everything coming out of Quebec was totally messed up, they all had poor fundamentals. All of this coupled with the insane taxes, fees, regulations makes me stay away. I don't smoke weed but most people I know get it from their dealers for less than half the price. It will become legalized at some point down the road and run by a few companies tied into the gov't and it will be way too expensive.
 
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