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Off-Topic Stock Market & Crypto Discussion

Go Canes!! said:
Bitcoin just went from $65k to $30k in three weeks because Elon Musk among others manipulated it, intentionally or not.
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Well, no. Elon did not take BTC from 65k to 30k. If you think that was even 10% of why it corrected, I'd suggest you dig deeper. Also, the difference is that BTC will be worth a lot more than it's current price IMO. ETH, maybe even more. And it will make sense. And some of the functional projects like LINK, LUNA, and CELO have their best days ahead of them. This is emerging tech.

Also, it was 64k to 32k in 5 weeks. :) And those were spikes and dips. We are really taking about 59k to 38k or so. It's the Wild West for sure, but so was all of California once.

AMC and GME are retail garbage cans.
 
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Will be interesting to see what happens to the meme’s and doge etc when people actually have to go back to work, pay their rent, not get free stimmy every couple months.

when you’re getting free money at the casino, it’s easy to bet it all without any concern for losing it. Not as easy when it’s your rent money and evictions are back on the table.
 
Cribby said:
These two stocks have helped shine a light on the ****ery , corruptness of the market / hedge funds and what they’ve been doing forever. The rabbit just had the gun the last year, not the other way around. The game was flipped on the ones normally controlling the game.=
I disagree about gme. Gambling on e-sports , getting rid of the brick and mortar store and going fully e commerce is big. They won’t be going away. Are they overvalued ? Yes but far from dead.

So regardless I think more positive has come from their run than negative.
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Agree with the first part but GME at this point is just a giant kickstarter campaign to make them into something that really has very little to do with their origin. Their margins came from used games and consoles. They have a miniscule ecommerce footprint and absolutely no footprint in esports or gambling. It's like betting on a 3 legged horse to win the triple crown. The moonboys will lose interest before they have a chance to pivot into anything organically. Their best chance at staying alive/relevant is through swift m&a.
 
Cryptical Envelopment said:
Well, no. Elon did not take BTC from 65k to 30k. If you think that was even 10% of why it corrected, I'd suggest you dig deeper. Also, the difference is that BTC will be worth a lot more than it's current price IMO. ETH, maybe even more. And it will make sense. And some of the functional projects like LINK, LUNA, and CELO have their best days ahead of them. This is emerging tech.

Also, it was 64k to 32k in 5 weeks. :) And those were spikes and dips. We are really taking about 59k to 38k or so. It's the Wild West for sure, but so was all of California once.

AMC and GME are retail garbage cans.
Click to expand...

Your 10% number is questionable at best and would need to be part of one of the worlds greatest coincidences to be true. It's easily manipulated and at this point it has the viability of a bag of magic beans. While it MAY be viable at some point right now its a giant, unregulated (for now) ponzi scheme.
 
Cryptical Envelopment said:
I get it all. And I love how the shorts got evicerated. But these companies are worth a small fraction of what they are trading at. Just waiting for the falling knife.


As for the optimism on these companies, I really think that's a deliberate attempt to leave breadcrumbs by a lot of key players to try to create evidence that they actually believe in these turds, as opposed to deliberately trying to manipulate the market. Make your money, get out, and don't drink the kool-aid. My 2 cents.

Edit: Ohhhh, we can say ****ery here without the filter catching it? Exciting!
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Just remember this doesn't end well for those who buy and hold. Look for an exit strategy. In other words everyday you need to follow this and be prepared to get the **** out and never look back.
 
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Its really a pain in the *** moving money around trading and bank accounts. Ridiculous you have to wait for small transfers to clear bank hurdles when account balances easily cover the transfer 100 fold . If there was only currency that settled exponetially faster...
 
@Cryptical Envelopment @YUMU

DMEHF small update. It's really rare for a junior explorer of any commodity to have such a great cash position leading right up to production. One of the many reasons to like DME. ( i already calculated the full dilution in the last table posted , will update table again when sale prices are confirmed on the first set of wells) . Expecting well #4 results next week.


May 27, 2021 - 12:58 pm
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, May 27, 2021 - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC-QX: DMEHF) (FRA: QM01) From the President of the Company.

Desert Mountain Energy Corp is pleased to announce the following corporate update including final numbers from the completed forced conversion of 2 series of 2 year, $2 warrants attached to the Company's October 2020, $1.60 unit financing.

$2.00 warrants exercised totaled 7,953,062 realizing $15,906,124

Shares currently outstanding 70,110,909

Warrants outstanding 4,082,266

Options outstanding 5,267,500

Fully diluted shares, warrants and options 79,460,675

Total Cash currently in the treasury $28,970,078.80

The Company would like to thank all investors involved in the October 2020 financing for their support.

Desert Mountain Energy Corp. is planning on building a vertically integrated helium producer located in the Holbrook Basin, AZ. Currently, the Company is drilling well #4
 
Go Canes!! said:
Your 10% number is questionable at best and would need to be part of one of the worlds greatest coincidences to be true. It's easily manipulated and at this point it has the viability of a bag of magic beans. While it MAY be viable at some point right now its a giant, unregulated (for now) ponzi scheme.
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Beyond questionable. I would even say generous. You are conveniently ignoring the China factor. Interesting. Anyway, we disagree. That's ok. I will make a lot of money. Or I won't. Same for you. The Earth will still spin.
 
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Go Canes!! said:
Your 10% number is questionable at best and would need to be part of one of the worlds greatest coincidences to be true. It's easily manipulated and at this point it has the viability of a bag of magic beans. While it MAY be viable at some point right now its a giant, unregulated (for now) ponzi scheme.
Click to expand...
Easily manipulated like currencies? A currencies value is only as good as the country backing it.
 
Go Canes!! said:
Your 10% number is questionable at best and would need to be part of one of the worlds greatest coincidences to be true. It's easily manipulated and at this point it has the viability of a bag of magic beans. While it MAY be viable at some point right now its a giant, unregulated (for now) ponzi scheme.
Click to expand...
Regulation is the gateway drug for government manipulation. The code is the code and cant be manipulated.
 
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CFLCane said:
@Cryptical Envelopment @YUMU

DMEHF small update. It's really rare for a junior explorer of any commodity to have such a great cash position leading right up to production. One of the many reasons to like DME. ( i already calculated the full dilution in the last table posted , will update table again when sale prices are confirmed on the first set of wells) . Expecting well #4 results next week.


May 27, 2021 - 12:58 pm
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, May 27, 2021 - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC-QX: DMEHF) (FRA: QM01) From the President of the Company.

Desert Mountain Energy Corp is pleased to announce the following corporate update including final numbers from the completed forced conversion of 2 series of 2 year, $2 warrants attached to the Company's October 2020, $1.60 unit financing.

$2.00 warrants exercised totaled 7,953,062 realizing $15,906,124

Shares currently outstanding 70,110,909

Warrants outstanding 4,082,266

Options outstanding 5,267,500

Fully diluted shares, warrants and options 79,460,675

Total Cash currently in the treasury $28,970,078.80

The Company would like to thank all investors involved in the October 2020 financing for their support.

Desert Mountain Energy Corp. is planning on building a vertically integrated helium producer located in the Holbrook Basin, AZ. Currently, the Company is drilling well #4
Click to expand...

20%ish of the outstanding options issued today.


Desert Mountain Energy Corp. has issued 1,200,000 options to directors, officers, and consultants or employees. The company issued options priced above market close today at a price of $4.25 with an expiration period of three years. The company has maintained a sufficient number of allotted and unissued shares in its treasury to permit the exercise of the options until the expiry, exercise or termination thereof.

The Company is pleased to announce the appointment of Eric Witt as Drilling Operations Manager currently overseeing the drilling of Well #4.
 
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Anyone buying Sofi? I am generally skeptical of the SPAC plays, but I am liking what I am reading about their business model.
 
Candia
CFLCane said:
20%ish of the outstanding options issued today.


Desert Mountain Energy Corp. has issued 1,200,000 options to directors, officers, and consultants or employees. The company issued options priced above market close today at a price of $4.25 with an expiration period of three years. The company has maintained a sufficient number of allotted and unissued shares in its treasury to permit the exercise of the options until the expiry, exercise or termination thereof.

The Company is pleased to announce the appointment of Eric Witt as Drilling Operations Manager currently overseeing the drilling of Well #4.
Click to expand...

I'll take some $4.25's... thx
 
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