Boiler Room: The Official Stock Market Discussion

old pig

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Gonna sell some SKLZ, PLTR, ARKG to buy more

MARA, CAN and get some cash on the sidelines for whenever the other BTC mining supply company IPO's. In a joking way, I think money will be flowing next week.

I’m cautious about CAN...I think it can get some push bcuz folks will eventually pile in bcuz “BTC” without knowing the particulars (just speaking in general)...but even tho bitmain and canaan are the top two mining suppliers...bitmain is far ahead of them...CAN is a very distant #2...I’m trying to find out more about when their IPO will drop tho

this was from the investopedia link I posted re: the bitmain IPO

According to Bloomberg, Bitmain controls as much as 80% of the market for bitcoin mining equipment.

Crypto Mining Giant Bitmain Is Going Public With A $40-$50 Billion Valuation

if/when bitmain hits the market...canaan might be left in the dust...there is no set eta...there’s been word of an ipo since 2018 and the closest thing to a target for going public in the US is the end of 2022*...CAN could be a decent short-term play tho...doesn’t seem like there’s too much fanfare about it yet either which can sometimes be a good thing

* Bitmain set to spin out business lines in bid to end the bitcoin mining giant's year-long power struggle
 
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mannyrs13

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98 days of investing and my portfolio has gain 53.42% even though I only sold stock three times. i'm just glad i beat that 90/90/90 rule :whew:

2NqBxvyl.png


link invite to the discord? :feedme:

That 90 thing might be true in Forex cuz I've heard lots of people say that. I don't know about taking 90 days but I done gone thru that a few times with my account. :francis: Prolly got enough to have those losses written off for 2020 and not hurt me too much overall for taxes. Far as stocks go, anyone losing that much so quickly is likely doing too much. Best to not get overwhelmed doing stuff like options and calls and puts and all this other complex shyt that I don't get involved in. Just decent reliable stocks with companies that are known or have something with potential. Plus good money management. You may throw 10k in the market but are you willing to lose all 10k or just 2k and get out until things look better and your mental game is stronger? Everyone has different risk tolerance but I can't imagine someone not at least getting out after a certain point.
 

Deafheaven

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NIO only produces 50k cars annually and they don’t even own their own car factory ’ :dwillhuh:




I’m with Chicken on this one, hard pass.


Yeah it may raise but Im more than fine with the profit I made selling near 60 yesterday. Even if it hit 100 thats a 100% return. Its other plays that can achieve that as well with "less" risk :patrice:
 
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49ers..Braves..Celtics
NIO only produces 50k cars annually and they don’t even own their own car factory ’ :dwillhuh:




I’m with Chicken on this one, hard pass.


That was more than double YOY and they have billions in backing now from China and investors.

Chicken talks about innovation and ability to scale.

Their partnership with Nvidia shows they are serious about innovation and they have the ability to scale.

They could fukk up the execution and we never hear about NIO again, but as someone who only invested a small part of my portfolio the reward would FAR outweigh the risk if they pull this off..

It's risky but you can afford to have a couple of those as long as you are diversified.
 

dora_da_destroyer

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I’m cautious about CAN...I think it can get some push bcuz folks will eventually pile in bcuz “BTC” without knowing the particulars (just speaking in general)...but even tho bitmain and canaan are the top two mining suppliers...bitmain is far ahead of them...CAN is a very distant #2...I’m trying to find out more about when their IPO will drop tho

this was from the investopedia link I posted re: the bitmain IPO



Crypto Mining Giant Bitmain Is Going Public With A $40-$50 Billion Valuation

if/when bitmain hits the market...canaan might be left in the dust...there is no set eta...there’s been word of an ipo since 2018 and the closest thing to a target for going public in the US is the end of 2022*...CAN could be a decent short-term play tho...doesn’t seem like there’s too much fanfare about it yet either which can sometimes be a good thing

* Bitmain set to spin out business lines in bid to end the bitcoin mining giant's year-long power struggle
I don’t know what bitmain is but I’m about to be @Rekkapryde and buy some blindly :mjgrin:
 

old pig

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I don’t know what bitmain is but I’m about to be @Rekkapryde and buy some blindly :mjgrin:

lol...I think you’re just playing but they supply BTC mining equipment and mine BTC as well...none to buy yet tho

slightly OT but I remember a guy in our crypto group...really good brother...that had the type of money that he could afford to throw $200-300k at projects we recommended...just off the strength of research from cats in the group...he fully trusted our opinions...his portfolio was at $17M at the height of the crypto rush

:dead:


granted it’s dangerous to just throw money at anything like that but it can sometimes be good to realize when folks might know more about a stock than I might and maybe follow it up with a bit of due diligence...case in point PACB...I didn’t go in bcuz I didn’t understand it at the time and was still feeling out who was who in here but in hindsight I should’ve followed the recommendations of those who supported it even if it was just for entertainment purposes bcuz I now trust/respect their due diligence :ehh:
 

FabTrey

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tesla will get to a 4 billion market cap eventiually. chicken pulled up a document from a conference call quoting elon saying they expect solar city to be a trillion dollar company by itself:yeshrug:


4 trillion you mean :shaq:


12 trillion market cap by 2030 to become the greatest proponent of green Earth movement to decarbonize everything. so Tesla will basically conquer the world. :blessed:
 
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