OT: Stock trading | Page 69 | The Boneyard

OT: Stock trading

Jaker said:
Looks like STIM checks are going into more BTC. LOL
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I was looking to get in since 18k or so but the recent spike was so severe that a pullback never happened. Have put most of my crypto assets into ETH now, hoping for a big enough pullback on BTC to add. Dogecoin is having a parabolic run the past few days. Available on Robinhood but not Coinbase.
 
Jaker said:
Looks like STIM checks are going into more BTC. LOL
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IMO the big investment firms and other whales got in before the checks and have been driving the price up. The FOMO now from everyone else will be put into BTC. The whales and financial institutions will cash out. That's what it seems like. Probably wrong but it feels like a crash is coming and that seems plausible
 
UConnSwag11 said:
IMO the big investment firms and other whales got in before the checks and have been driving the price up. The FOMO now from everyone else will be put into BTC. The whales and financial institutions will cash out. That's what it seems like. Probably wrong but it feels like a crash is coming and that seems plausible
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The technical term is Pump and Dump. lol
 
Jay-Bone said:
The technical term is Pump and Dump. lol
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There certainly will be a correction at some point- and people will certainly sell as the price increases. However the big boys move into BTC seems to be as a store of wealth. If that is the case then I think you will see more people holding BTC long term.
 
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tentoes4rings said:
ETH red hot lately, glad I tripled up on it a few days ago.
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Yeah. Wondering if it’s not too hot. Thinking I should just cash out all my crypto and buy things like reits for income
 
UConnSwag11 said:
IMO the big investment firms and other whales got in before the checks and have been driving the price up. The FOMO now from everyone else will be put into BTC. The whales and financial institutions will cash out. That's what it seems like. Probably wrong but it feels like a crash is coming and that seems plausible
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YUP I read that Paul Tudor Jones bought a bunch of BTC
 
the Q said:
Yeah. Wondering if it’s not too hot. Thinking I should just cash out all my crypto and buy things like reits for income
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I was down quite a bit on crypto until recently. Vowed if I got even I’d get out but now that I’m close of course I worry if I sell it will keep running. My thinking is with BTC having made such a huge run, investors are piling into ETH which is still over 30% off its alltime high. I’m pretty new to crypto though so Scot-e and others might have better perspective.
 
tentoes4rings said:
I was down quite a bit on crypto until recently. Vowed if I got even I’d get out but now that I’m close of course I worry if I sell it will keep running. My thinking is with BTC having made such a huge run, investors are piling into ETH which is still over 30% off its alltime high. I’m pretty new to crypto though so Scot-e and others might have better perspective.
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Yeah crypto is not my thing but I’m also not sure how it fits into society. It is not going to be the currency.

not sure how everything plays out
 
Scud49 or other OCGN day traders,

Again noting OCGN remains solar universes removed from US FDA clearance of Indian private Bharat Biotech's Covaxin, OCGN may pop on Nasdaq Monday AM before shorters potentially slam it back down, repeat ... Why? India's FDA cleared Covaxin for "restricted emergency use" in India.

Incoveniently, it's unclear OCGN's even initiated interaction with the US FDA regarding Covaxin. Currently, just a marketing contract with Bharat for potential US-only distribution should Covaxin ever make it through Phase I, II and III clinical trials and obtain some kind of US FDA clearance.

economictimes.indiatimes.com

A great milestone in India's scientific capability: Bharat Biotech on approval for emergency use of Covaxin

The approval of Covaxin for emergency use is a giant leap for innovation and novel product development in India, Krishna Ella, Chairman and Managing Director of the Hyderabad-based pharmaceutical firm said in a statement.
economictimes.indiatimes.com economictimes.indiatimes.com
 
the Q said:
Yeah crypto is not my thing but I’m also not sure how it fits into society. It is not going to be the currency.

not sure how everything plays out
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nobody that follows it closely believes it will be a currency. i believe that most are treating it as a store of value and hoping it becomes a gold alternative/replacement.

given the fixed supply of bitcoin, i believe that many are using it as a hedge against equity inflation driven by recent global monetary policy.

the most recent run is probably due to a variety of factors (recent halving of the mining reward, global monetary policy, institutional buy-in, and usual FOMO that follows any momentum in the price).

i am a long term hold, to see how this all plays out over the coming years.
 
UCTitleTown said:
I just sold all of my stock in a company that I bought for $60 and sold at all-time high of $190 at year-end. That's my kid's college tuition right there. Finally something good happened in 2020.
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Congrats on the gain. Did you give any thought to selling first trading day of 2021 instead so you don’t have to pay taxes on the gain for another year? Or maybe this will work out better if tax rates go up.
 
UConnSwag11 said:
Should’ve asked this yesterday: what were the best picks, worst picks, and picks that will be great in 2021? Stocks, ETFs, mutual funds, etc
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I find 2021 like treading on some melting ice. Despite massive losses in March, and some selling, I did well in 2020.

I'm an investor, not a trader. So I tend to look for long term trends. At the moment, I think e-games, solar, continued support of Work From Home (both personal and corporate), EDGE, 5G are set for long term upside. I think commercial REITS are looking at downside. I am wary of financials, transportation. Digital over analog for a simple way to look at it.

I think inflation is going to be a problem. We are essentially stimulating an economy that can't grow or invest as normal because we are restricting it at the same time. My best analogy is that we are in a 1970 Chevelle SS 454, with our foot on the brake and the gas pedal to the floor. Quite the smoke show, but it isn't going anywhere. When we finally release the brakes, will there be enough in the tank?
 
Scud49 said:
Very informative short video on the rapidly changing investment landscape through the lens of ARK Investments:

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I am only 3 minutes in, but yes, this is exactly what I'm talking about. And what our lead strategy SVP at work talks about as well.
 
HuskyHawk said:
I find 2021 like treading on some melting ice. Despite massive losses in March, and some selling, I did well in 2020.

I'm an investor, not a trader. So I tend to look for long term trends. At the moment, I think e-games, solar, continued support of Work From Home (both personal and corporate), EDGE, 5G are set for long term upside. I think commercial REITS are looking at downside. I am wary of financials, transportation. Digital over analog for a simple way to look at it.

I think inflation is going to be a problem. We are essentially stimulating an economy that can't grow or invest as normal because we are restricting it at the same time. My best analogy is that we are in a 1970 Chevelle SS 454, with our foot on the brake and the gas pedal to the floor. Quite the smoke show, but it isn't going anywhere. When we finally release the brakes, will there be enough in the tank?
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Good financials like local banks and insurance companies (ie pru and met) should be fine.

Mortgage reits will be interesting to watch.

Finding decent bargains for buy and hold is tough. I’m seeing a lot of bargains in banks right now, and UNM for insurance.

OHI for reits also seems like a good buy imo.
 
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