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Hey Nerds: Blockchain

CH1 said:
More time to load up!!!!!

Seriously, how hard is it to square the books for a $9m company with a handful of clients.
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Worst company ever. Maybe if they had a competent cfo they'd be worth $10m. In a normal circumstance I'd think they're hiding something but like you said their financials are so straight forward. The earnings will be perfectly mediocre as usual. And really not that fucking complex. But it is what it is.

They're my ticket to early retirement baby.
 
I'm good with it....I got longs to sell into this lift off. My camping play (CWH) is doing particularly well.
 
I'm missing out on much of it which is fine. I think this week will be fun and volatile filled with max euphoria at times and despair at other times. Bulls getting over-confident today which spruces my bear juices. Might enter bearish today depending on what I see.
 
Yeah, like I mentioned yesterday, I wasn't going to be aggressive either way, so it's not like I'm euphoric right now with a bunch of SPY calls. Just biding my time.
 
CH1 said:
it's not being punished for its lame accounting practices, so that's bullish.
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Did more reading on them yesterday... Their clinics alone make them undervalued for me. At 11c they feel like a clear buy. Part of their blurb on yesterdays clusterfuck included:

The Company continues to see strong growth in execution of its business plan. On an unaudited basis, the Company continues to illustrate profitability in Q2 2020. The Company has also strengthened its balance sheet with cash from operations, and the receipt of relief funds available to its US medical services business due to the COVID-19 pandemic

(bullish)

And also:

The Company’s disciplined operating model, allows patients to receive access to care in a time efficient and cost-effective manner. Utilizing virtual telehealth and over 31 physical brick and mortar clinics, the Company currently treats over 100,000 patients across 12 States.

(this is new, and bullish - said they were under 100,000 patients just a week or 2 ago)


So I think fundamentally they are just fine despite the embarrassing accounting practices. I'm obsessing over them because I bought more at 11.5c yesterday. And I now have a bid for more at 11c if it ever gets there.
 
Interesting day in store, perhaps. Looking at financials (XLF) and they've gone straight down. Bought SPY puts for a little more retrace.
 
CH1 said:
I bought a little more at 11.5 yesterday as well
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As long as the broad market isn't collapsing ala March I just can't justify not buying stock of a $10m company that makes 18-20m annually and are now profitable with big data upside to boot. Market caps don't mean much to me generally unless it's a long hold kinda deal. And this one is exactly that. Top 5 biggest piece of shit stonk on earth though, no doubt.
 
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reloaded SPY puts at ES 3141 (which was the open)....will be taken out if it exceeds the opening print
 
that was a quick 10 point slide....keeping half my puts. now in cruise control for the day.
 
Bought more TER at 2.97. Suffering from a lack of volume today. I'm happy with anything under $3 on them.
 
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That slide 15 point slide was what I was waiting for. Just keeping a few puts now.
 
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