Hey Nerds: Blockchain

[CH1]

Made a nice chunk on PTON calls; but not enough to get a whole bike. Just half.

 

[Preston]

zeke is as much a stock trader as he is a statistician.

He has a real talent at spinning numbers, I'll give him that. But he's way out of his element here. And it's not because he isn't bright enough; he's a real smart man. He just refuses to learn. Just another stubborn Italian is all.

 

[CH1]

He has a real talent at spinning numbers, I'll give him that. But he's way out of his element here. And it's not because he isn't bright enough; he's a real smart man. He just refuses to learn. Just another stubborn Italian is all.

don't be too hard; we need more stubborn folks in the market

 

[zeke]

He has a real talent at spinning numbers, I'll give him that. But he's way out of his element here. And it's not because he isn't bright enough; he's a real smart man. He just refuses to learn. Just another stubborn Italian is all.

how many more weeks of marginal growth before you stop calling it an "historic bull market"?

 

[LeafOfFaith]

INSG (5G play) bought more today after selling it around 15 2 weeks ago; they did a capital raise today so stock got hit.
FSLY (fast growing cloud edge play) street finally getting their story after yesterday's earnings. still room to run after today's 40% pop. I will buy on dips
PINS fast growing social media; inked a deal with SHOP today, just a matter of time before they get a bigger chunk of ad dollars


Of course, all of these would get hit if overall market dives again.

FOR ENTERTAINMENT USE ONLY. PLEASE CONSULT CNBC FOR MORE INFO

Holy shit. Fastly 43% in one day. How do they make their money exactly?

PINS I honestly just don't get why people use it. It makes no sense to me.

When I was building my portfolio, I put a lot of thought into which companies I thought would weather a general recession the best. I think I picked well overall and saw my theories borne out. Tech companies that don't rely on any physical location or products were the best. I would have never guessed a pandemic as a realistic potential market killer, but they've resisted it nicely. But this whole situation has been making me look forward and think about what the next possible worldshaking threat could be, and what might hit the tech companies, and what I've been focused on is security. So I've been looking into stocks like PANW and SPLK. Any thoughts on this area? Of course, as I've been starting to look into this space, they've been booming upwards, so I'm late to the party, but trying to see if there's a diamond in the rough that would be worth taking a flyer on.

Also, another one that I've always liked but frankly just haven't spent the time on is DBOX. As a user, I love it, and that's usually my first requirement before investing in something. Feeling like I should've taken a flyer when it was $15.

 

[Preston]

how many more weeks of marginal growth before you stop calling it an "historic bull market"?

I said April was a historically bullish month --> fact.
I disagree with your constant analysis over the last month that we've been in an equilibrium. It was wrong a month ago and it's wrong now --> fact.
I tried to teach you basic facts about how stocks grind up and you don't listen --> fact.

 

[zeke]

I said April was a historically bullish month --> fact.
I disagree with your constant analysis over the last month that we've been in an equilibrium. It was wrong a month ago and it's wrong now --> fact.
I tried to teach you basic facts about how stocks grind up and you don't listen --> fact.

so how many more weeks of marginal growth before you stop calling it an "historic bull market"?

remembering that the the DJIA is currently 1% lower now than it was halfway through this "historic bull market"?

 

[Preston]

so how many more weeks of marginal growth before you stop calling it an "historic bull market"?

remembering that the the DJIA is currently 1% lower now than it was halfway through this "historic bull market"?

You keep shifting the goalposts. I said April was a historically bullish month and that the chart is doing exactly what bulls could have ever hoped for after bottoming. I have seen nothing to change my mind. I'm not sure why you can't grasp the very basic concept of consolidation. Seriously, you're smarter than this. Don't be stubborn.

 

[Preston]

Oh wait I forgot. This is Trump-related. He's convincing himself that things haven't been bullish because it doesn't make Trump look bad. Bear bias which will turn to bull bias when my man Joey Biden gets elected. I look forward to that.

 

[CH1]

Holy shit. Fastly 43% in one day. How do they make their money exactly?

PINS I honestly just don't get why people use it. It makes no sense to me.

When I was building my portfolio, I put a lot of thought into which companies I thought would weather a general recession the best. I think I picked well overall and saw my theories borne out. Tech companies that don't rely on any physical location or products were the best. I would have never guessed a pandemic as a realistic potential market killer, but they've resisted it nicely. But this whole situation has been making me look forward and think about what the next possible worldshaking threat could be, and what might hit the tech companies, and what I've been focused on is security. So I've been looking into stocks like PANW and SPLK. Any thoughts on this area? Of course, as I've been starting to look into this space, they've been booming upwards, so I'm late to the party, but trying to see if there's a diamond in the rough that would be worth taking a flyer on.

Also, another one that I've always liked but frankly just haven't spent the time on is DBOX. As a user, I love it, and that's usually my first requirement before investing in something. Feeling like I should've taken a flyer when it was $15.

I like SPLK and held it in my RRSP before I sold almost everything pre Covid crash.

FSLY is one of the few companies I didn’t sell — it’s interesting to me because it operates on the edge cloud, basically moving large parts of data from the central cloud to the edge to provide speed, reduce impact on the central cloud, provide a better user experience, and better security.

their CEO yesterday revealed they have done zero marketing — all their client wins are due to having the best measurable tech.

the big risk, of course, is that larger cloud players like MSFT amd AMZN beat their tech eventually

Their earnings call last night was so good, I bot more after hours at 27.50. Selling some now $6 higher but will keep my core position until they no longer have the best tech

 

[zeke]

You keep shifting the goalposts. I said April was a historically bullish month and that the chart is doing exactly what bulls could have ever hoped for after bottoming. I have seen nothing to change my mind. I'm not sure why you can't grasp the very basic concept of consolidation. Seriously, you're smarter than this. Don't be stubborn.

I don't remember shifting goalposts. I've never used a monthly split.

I thought it was a reasonable question that you'd give a reasonable answer to, but whatever.

 

[LeafOfFaith]

The problem with a company like FSLY (and many others that sound exciting) is that I can't touch and feel it and have no fucking clue what they are actually doing. It's not an easy story that I can wrap my arms around and see on some level how they are being used by companies and people on a daily basis. So everything you said sounds fantastic, but all of my information on what the company is actually doing needs to come from press releases that the company issues.

 

[Preston]

I don't remember shifting goalposts. I've never used a monthly split.

I thought it was a reasonable question that you'd give a reasonable answer to, but whatever.

I already gave you the answer.

1. I never said "historic bull market". I said historic month of April which is a fact. For the last month you kept saying that things have stabilized which is a batshit insane analysis with zero basis in reality.
and
2. When the market stops printing higher highs and rejects the most recent higher high is when things become a real equilibrium. When daily support is lost is when bears gain control. The bulls have punched higher high after higher high consistently since March after brief consolidation periods. When that stops, things may stabilize or even turn bearish. The onus is on the bears to defend 295 right now. I'm not saying they won't. I'm just saying that as a bull, the consolidation was exactly what you want to see if you want a sustainable grind up.

 

[CH1]

Fair enough, but I also don't touch and feel SPLK. And that personally does not deter me -- I love the FSLY chart and the company raised forward guidance while most companies are offering ZERO guidance given the health crisis.

 

[Volcanologist]

Oh wait I forgot. This is Trump-related. He's convincing himself that things haven't been bullish because it doesn't make Trump look bad. Bear bias which will turn to bull bias when my man Joey Biden gets elected. I look forward to that.

yup.

stocks go down=Trump bad=zeke jerking off about "being right" and posting bear pics

 

[CH1]

Personally, I think we're seeing some panic buying here from folks who regret having missed the giant rally from the bottom.

Ooops. Buyers trapped above, looking for a snapper rally back. I'm not sure we go down hard, unless Preston stops arguing with Zeke and begins taunting beartards with multiple smileys

 

[Preston]

Ooops. Buyers trapped above, looking for a snapper rally back. I'm not sure we go down hard, unless Preston stops arguing with Zeke and begins taunting beartards with multiple smileys

I blame zeke for this one. It has been a massacre but taking an L is not in his DNA.

 

[wolverine88]

One of my employees called in sick today so I had to cover at my day job... looks like I missed a fun day. Lots of useful info posted in this thread though and tomorrow brings more opps to make some dough.

 

[zeke]

I already gave you the answer.

1. I never said "historic bull market".

you have.

I said historic month of April which is a fact. For the last month you kept saying that things have stabilized which is a batshit insane analysis with zero basis in reality.
and
2. When the market stops printing higher highs and rejects the most recent higher high is when things become a real equilibrium. When daily support is lost is when bears gain control. The bulls have punched higher high after higher high consistently since March after brief consolidation periods. When that stops, things may stabilize or even turn bearish. The onus is on the bears to defend 295 right now. I'm not saying they won't. I'm just saying that as a bull, the consolidation was exactly what you want to see if you want a sustainable grind up.

ok.

SPY is currently up almost exactly 1 point (+0.3%) since 3 weeks ago.

S&P us currently up 9 points (+0.3%) since 3 weeks ago.

DJIA is down 325pts (-1.3%) since 3 weeks ago.

how many more weeks of that until the smart people stop calling it a bull market?

 

[Preston]

If it makes you feel any better, I agree with you that Trump is bad. How about we leave it at that.