OT: Stock trading

[Da_Aisijimo_Gou]

Biogen - FDA granted accelerated approval for first new Alzheimers' drug in a few decades, Aducanumab. BIIB trade halted (early morning), was up $22 pre-mkt from Friday's close to $308 before sliding back to $286 before the trading halt. Almost sold near Nov's spike, then BIIB yard sale'd on the FDA's prior negative Aducanumab vote. Tapping fingers awaiting trade restoration ... XBI and other biotech ETFs feeling good on BIIB news.

EDIT: Retail trading re-started about 1:30, BOOM up to 468 then reverted back to 428 before another trade halt about 1:50 pm. Sold some shares between 450 and 1 year high of 463. Guaranteed breakeven for rest. Depending on FDA's actual news conference comments regarding additional required, post-approval clinical traials, may buy some more shares if BIIB drops back closer below today's lows. Yoo hoo!

 

[UConnSwag11]

$fubo

 

[UConnSwag11]

Potential calm before a storm, TBD. One thing's clear to me (for as little as that's worth), last year's heavy lean by many people on indexed portfolios may not navigate the waters as well as active management now and going forward. Or, I could be dead wrong on the latter.

When interest rates go up, we’ll see what happens

 

[Da_Aisijimo_Gou]

When interest rates go up, we’ll see what happens

Could be, yet other earlier issues may potentially cause ripples sooner, e.g., Aside from global money center banks issuing sh|t loads of debt since Jan, prime brokers and retail-focused brokers very recently tightening margin requirements, limiting short sales, etc., how well have financial institutions mitigated or contained their own risks and institutional and retail client risks?

Related to coming rate increases, it will be interesting to observe impacts of lower middle class and overzealous middle and above class consumer debt; card companies lowering credit limits for such individuals, back rent and mortgage obligations once SARS-2 hardship benefits end, etc. Time may tell ...

 

[UConnSwag11]

$VWAGY has been climbing for the past week or so

 

[Woodson]

CLOV.... it's backkkkkkk. Hat tip to Jaker, Zionn and others

 

[LIuconn]

^ Just sold the CLOV shares I was holding from the meme/reddit phenomenon. Got out up 15% after touching some depths

 

[UConnSwag11]

AHT and TELL

 

[Gutter King]

Not the least bit keen on SPACs generally (albeit MP's been rewarding), but tossing out RMGB given ReNew Energy's significant current solar and wind power generation and aggressive expansion plans in a nation badly in need of enhanced infrastructure, alternatives to coal and old nuclear power generation in India, fast growing economic despite the ongoing SARS-2 tragedy, etc. I've never lived in India, but have visited multiple times for work, colleague's weddings, etc. For now, just non-action monitoring ReNew with a small commitment a la Warde Manuel ....

Our partners - ReNew Power | Goldman Sachs, Private Equity, IPO, Investment

Backed by Goldman Sachs, ReNew Power is one of the biggest renewable power venture in India in terms of external equity raised and GW commissioned.

renewpower.in

ReNew Power | Leading India's Energy Transition Through Renewables

ReNew Power (NASDAQ: RNW) is leading India’s energy transition and global green energy transformation. Our current renewable asset base is 10.4 GW.

renewpower.in

I'll monitor this situation as well. Curious that a deal was announced Fri and a partnership Today and this thing gets no volume. Seems odd. Are SPACs dead? I see that Chimanth is part of this thing as well....does he no longer have the pull? It was $8B worth, should have moved the needle. Maybe when their covid crisis calms down.

 

[Gutter King]

Dark Pulse to acquire Remote Intelligence and Wildlife Specialists (OTCMKTS:DPLS)

Dark Pulse <<DPLS>> to acquire controlling positions of both Remote Intelligence and Wildlife Specialists.Two firms together offering fully integrated, drone...

seekingalpha.com

DPLS making moves. This has an uplisting and hopefully contracts coming 3Q...don't sleep!

 

[methodology]

I've had 10 CLOV $10 calls expiring 8/20 since January. Was taking a bath down thousands but refused to unload thinking im going to hold these to see what happens and when things start to go south get out

 

[Jay-Bone]

I've had 10 CLOV $10 calls expiring 8/20 since January. Was taking a bath down thousands but refused to unload thinking im going to hold these to see what happens and when things start to go south get out

Diamond hands!

 

[LIuconn]

Reddit loving some BB

 

[Zionn]

CLOV at $9.20 - wanted to drop for months and months, but thankful my diamond hands would not let go l.....

 

[LIuconn]

Clov up 20% at open

 

[pauliepeppas]

CLOV at $9.20 - wanted to drop for months and months, but thankful my diamond hands would not let go l.....

whats next

 

[Minicoop69]

CLOV dropping hard. Going to go back up?

 

[Zionn]

I punched out pre-market ....thankfully....great long term potential and added to long account, but in search of a new dance partner.

 

[LIuconn]

Wish is the latest Meme stock now in the red today

 

[HuskyHawk]

Was looking at DOT, but it's not on Coinbase. Any thoughts on it and on alternate exchanges?

 

[Zionn]

Was looking at DOT, but it's not on Coinbase. Any thoughts on it and on alternate exchanges?

I purchased all my DOT on Kraken. Easy to do now w/. latest app update. You can stake all of it there as well for rewards.

 

[HuskyHawk]

I purchased all my DOT on Kraken. Easy to do now w/. latest app update. You can stake all of it there as well for rewards.

Someone explain the staking. I haven't staked any crypto because I am not sure I get it.

 

[UConnSwag11]

Someone explain the staking. I haven't staked any crypto because I am not sure I get it.

Pretty sure you’re giving up your coins for them to use and in return you get interest

 

[UConnSwag11]

Wtf is orph and why did it go up $65?

 

[Jay-Bone]

Someone explain the staking. I haven't staked any crypto because I am not sure I get it.

I'm no cryptographer but, Proof of Stake (PoS) vs Proof of Work (PoW) builds the blockchain, similar to mining. Basically when you are staking on an exchange, you are allowing your coins to contribute to the network of which rewards are returned. It often takes a large amount of coins to stake, but my guess is the exchange aggregates numerous users, so even small holders can reap benefits. Whales used to buy up large amounts to stake or create masternodes.

In general, holding on an exchange isn't even actually having coins. The exchange has a lump sum cold wallet and the actual interactions are just like tokens of that. Its not till you withdraw do they actually pull the coins out of their mass wallet. But maybe the structure is different with staking as you're probably not posting limit trades on the market.

TLDR you're renting your coins to be used to build and maintain the blockchain.