forums

Off-Topic Stock Market & Crypto Discussion

wspcane said:
I finally joined the party earlier this week on the dip to 20ish. And what a week it was.
Click to expand...
Let's say 2020 EPS is $4.25 and we assign a P/E of 40, that takes us to $170. Add in $50 bump for NASDAQ listing and we're looking at a $220 stock.

Now before everyone takes out a 2nd mortgage to buy more galaxy, keep in mind that a large % of 2020 earnings were due the big gains on digital assets. Q1 earnings will also see a huge amount from DAG.

This comes down to can CEO Novogratz continue to deliver on his business plan and have it pay off in a big way and do their crypto assets continue to rise at a fast pace.
 
Advertisement
GladeCane said:
Let's say 2020 EPS is $4.25 and we assign a P/E of 40, that takes us to $170. Add in $50 bump for NASDAQ listing and we're looking at a $220 stock.

Now before everyone takes out a 2nd mortgage to buy more galaxy, keep in mind that a large % of 2020 earnings were due the big gains on digital assets. Q1 earnings will also see a huge amount from DAG.

This comes down to can CEO Novogratz continue to deliver on his business plan and have it pay off in a big way and do their crypto assets continue to rise at a fast pace.
Click to expand...

Ha, slow down cowboy. Let's try to keep our heads in THIS galaxy. :) But I'd take it. +20,000%~ return on my first tranche would work for me. I need a new helicopter.

Also, new ATH and ATCH today. $26.52 and $26.31 respectively. #BRPHF (for now).

image.jpeg
 
L)?
Cryptical Envelopment said:
Ha, slow down cowboy. Let's try to keep our heads in THIS galaxy. :) But I'd take it. +20,000%~ return on my first tranche would work for me. I need a new helicopter.

Also, new ATH and ATCH today. $26.52 and $26.31 respectively. #BRPHF (for now).

View attachment 145433
Click to expand...
The real keys are what type of valuation will the market asign to Galaxy Digital moving forward. I think we can look to the coinbase IPO for clues here. A real high valuation over 40 would be very bullish (Keep in mind this is unchartered territory for analysts).

Then the 1st Q Galaxy earnings call and what does Galaxy have to say about forward looking earnings for 2021, especially non digital asset gains. If this comes in $2.60 to $3.00 this would be very good.
 
Have been seeing the price of VFF bounce around the $12-13 range for a few days so thought I would look at the chart to see what's going on. 50 day MA was price support until we hit the first leg of the corrective wave. Looks like new impulse wave starting now. Support at the fib 0.5 retracement since late March. Might be a nice time to take a long position based on TA though TA does not factor in market sentiment bearish on growth stocks since early-mid February.

download (2).png
 
Last edited:
George84 said:
Have been seeing the price of VFF bounce around the $12-13 range for a few days so thought I would look at the chart to see what's going on. 50 day MA was price support until we hit the first leg of the corrective wave. Looks like new impulse wave starting now. Support at the fib 0.5 retracement since late March. Might be a nice time to take a long position based on TA though TA does not factor in market sentiment bearish on growth stocks since early-mid February.

View attachment 145448
Click to expand...
@Cryptical Envelopment I know you said you were shifting out of TRIT for the time being, but any thoughts on that one and VFF? Seems like both are just hanging around where they’re at.
 
Advertisement
GladeCane said:
L)?

The real keys are what type of valuation will the market asign to Galaxy Digital moving forward. I think we can look to the coinbase IPO for clues here. A real high valuation over 40 would be very bullish (Keep in mind this is unchartered territory for analysts).

Then the 1st Q Galaxy earnings call and what does Galaxy have to say about forward looking earnings for 2021, especially non digital asset gains. If this comes in $2.60 to $3.00 this would be very good.
Click to expand...

....and the price of crypto, of course. Particularly BTC, ETH, and LUNA.
 
George84 said:
Have been seeing the price of VFF bounce around the $12-13 range for a few days so thought I would look at the chart to see what's going on. 50 day MA was price support until we hit the first leg of the corrective wave. Looks like new impulse wave starting now. Support at the fib 0.5 retracement since late March. Might be a nice time to take a long position based on TA though TA does not factor in market sentiment bearish on growth stocks since early-mid February.

View attachment 145448
Click to expand...

...and the whole sector is down. I think its worth a lot more than $12.
 
wspcane said:
@Cryptical Envelopment I know you said you were shifting out of TRIT for the time being, but any thoughts on that one and VFF? Seems like both are just hanging around where they’re at.
Click to expand...

I am long TRITW (but frustrated) and very, very long VFF. What's wrong with stocks hanging around where they're at for a while?
 
Last edited:
Advertisement
Cryptical Envelopment said:
....and the price of crypto, of course. Particularly BTC, ETH, and LUNA.
Click to expand...
Yes, exactly. I think analysts are still treating crypto as a fad that's going to come crashing down and therefore don't/won't fully price in crypto's value, especially with Galaxy where crypto is a huge piece of their business model. If you go back and analyze the crypto revolution in 6 month blocks you'll realize that it's not a fad.
 
Cryptical Envelopment said:
I am long TRITW (but frustrated) and very, very long VFF. What's wrong with stocks hanging around where they're at for a while?
Click to expand...
Nothing at all. Just with them being in that consolidation range we haven’t talked about em much on here lately. Hoping once Trit releases their report showing no fraud it starts climbing again.
 
wspcane said:
Nothing at all. Just with them being in that consolidation range we haven’t talked about em much on here lately. Hoping once Trit releases their report showing no fraud it starts climbing again.
Click to expand...

Yep, were here for the catalysts. We shall lie in the weeks and wait.
 
Advertisement
GladeCane said:
The real keys are what type of valuation will the market asign to Galaxy Digital moving forward. I think we can look to the coinbase IPO for clues here. A real high valuation over 40 would be very bullish (Keep in mind this is unchartered territory for analysts).

Then the 1st Q Galaxy earnings call and what does Galaxy have to say about forward looking earnings for 2021, especially non digital asset gains. If this comes in $2.60 to $3.00 this would be very good.
Click to expand...
Crypto ETFs starting up won’t hurt the price moving up either.
 
George84 said:
Have been seeing the price of VFF bounce around the $12-13 range for a few days so thought I would look at the chart to see what's going on. 50 day MA was price support until we hit the first leg of the corrective wave. Looks like new impulse wave starting now. Support at the fib 0.5 retracement since late March. Might be a nice time to take a long position based on TA though TA does not factor in market sentiment bearish on growth stocks since early-mid February.

View attachment 145448
Click to expand...
I've picked up 30k VFF in the last 10 days
 
Advertisement
This is why I don't do price targets:

"Games are won by players who focus on the playing field—not by those whose eyes are glued to the scoreboard.”

- Warren Buffett
 
Advertisement
Back
Top