Off-Topic Stock Market & Crypto Discussion

[Fluffhead]

It's been getting pumped by WSB for a few days now due to short interest over 40%.

I saw when it was up in the early part of the day, then realized what was happening when it kept going. I really like the company long term. I think it is still undervalued. It has the special dividend coming up too, though don't necessarily want to be penny wise over $1.10/sh and pound foolish and have it plummet back down.

Speaking of which, Portnoy is backing an ETF called Buzz that essentially monitors and invests in what is being most discussed on WSB, twitter, etc. It was bound to happen.

 

[Cryptical Envelopment]

Praise Be. Shorted SNAP.

Just covered SNAP short $59.50

 

[Cryptical Envelopment]

Galaxy Digital (BRPHF) new ATH today.

Texas Pacific (TPL) new ATH today.

 

[Fluffhead]

Galaxy Digital (BRPHF) new ATH today.

Texas Pacific (TPL) new ATH today.

Anything you are liking now that a lot of the larger companies have pulled back some?

 

[Cryptical Envelopment]

Anything you are liking now that a lot of the larger companies have pulled back some?

Stepping back from the CIS stock rec game.

I bought more AGEN at $3.48 today but as I alluded to above, not saying anyone else should.

 

[George84]

Some of my boomer holdings have performed nicely over this tech beating/rotation: BA, XLE, XLF

 

[GladeCane]

Some of my boomer holdings have performed nicely over this tech beating/rotation: BA, XLE, XLF

Thanks for XLE recommendation. Also bought more BRPHF and DMGGF.

 

[CFLCane]

I've taken quite a beat down the last 30days

 

[Cryptical Envelopment]

Anything you are liking now that a lot of the larger companies have pulled back some?

Since these are specifically things we already have in play....

Added to CFMS, LPTX, VFF, and VFF calls today.

 

[Cryptical Envelopment]

I've taken quite a beat down the last 30days

Buying opps on things you believe in.

 

[Bird4um]

I’m sick. Feel like selling it all.

 

[Fluffhead]

I’m sick. Feel like selling it all.

Blood bath. I am trying to balance two countervailing thoughts. On one hand, it seems like there is a general move from growth and small cap to utilities, gas, etc. On the other hand, I do not want to be reactionary and retail investors are about to get more stimulus money. I am thinking of selling ARKK and my small cap growth etf, offset the gains in the latter with some losses in the former. Really feel a little stuck in the middle with some of the small growth stuff.

 

[George84]

I’m sick. Feel like selling it all.

I mean, you're not losing unless you sell. If you like the companies long-term you should be a buyer here. Great opportunity to buy at a discount.

 

[Bird4um]

I guess it's a game of patience!!

 

[Go Canes!!]

It’s not timing the market it’s time in the market.

That strategy is 15-0

 

[Fluffhead]

I mean, you're not losing unless you sell. If you like the companies long-term you should be a buyer here. Great opportunity to buy at a discount.

Agree with this. The ARK and smaller caps are what are making me nervous. Great buy opportunity for Apple, NVDA, CRM, TSM on tech side. I am liking Costco too. I am also half thinking of just parking money in BRKB.

 

[GladeCane]

Buying opps on things you believe in.

Yes sir. Bought more Galaxy Digital.

 

[Cryptical Envelopment]

Great buy opportunity for Apple, NVDA, CRM, TSM on tech side.

Thinking similar. Not there yet, but looking to pick up tech when it truly capitulates.

 

[Cryptical Envelopment]

I own a **** ton of XOM and some ET (sold half off a bit ago). I rec'd XOM here when it dropped to $34 I think.

What an oil run. Sold 30% of XOM at $60.50 to take some profit (still have $60 Jan calls too) and the other half of my ET at $8.15 today. Not mad.

 

[Bird4um]

Looks like low volume today and Nasdaq broke above the sell channel. Maybe it was only a correction.