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Off-Topic Stock Market & Crypto Discussion

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).

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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.
 
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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.

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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.

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@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.
 
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.
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....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.

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...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.
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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?
 
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Cryptical Envelopment said:
....and the price of crypto, of course. Particularly BTC, ETH, and LUNA.
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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.
 
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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?
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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.
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Yep, were here for the catalysts. We shall lie in the weeks and wait.
 
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.
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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.

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I've picked up 30k VFF in the last 10 days
 
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
 
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GladeCane said:
The proverbial million dollar question? The Coinbase IPO is out on the 14th and all signs point to a blockbuster. Does Galaxy get a bump from it? I think so?
You might want to consider buying over several days.
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There has been a ton of big positive news over the course of the last week plus regarding institutional adoption of digital assets...major catalysts for those who have been slow to accept the reality and/or disbelievers of the legitimacy of the tech and its value. As with everything I thought I was for sure too late to the crypto world, considering the growth over the past six months. But as I look deeper...this likely is just the tip of the iceberg. The world is changing right before our eyes. China introducing a digital currency is going to really speed things up too.
 
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