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Hey Nerds: Blockchain

CH1 said:
bought 15k at 10c avg
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Oh nice. I was talking about before that though. We both bought high (my first entry was at 30c). I got my average down to 23c at one point and sold everything once it broke 20c for a decent loss. I rebought lower though because I'm a battered housewife. Flipped some shares here and there. My 14.5c sell recently had me up on the original investment so I'll take it. 11c is my break-even point on my all-time CB2 Insights plays. We're talking pennies though comparatively speaking. I never put much in this piece of shit.

My biggest pot stock losses came from MARI, TNY and HVST. All small positions, but combined it was a decent hit. Learned my lesson. Do better research.
 
CH1 said:
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At this point there almost has to be a major shift in the US for these MSOs to not crater. The run is pricing in more and more shit every day.


But in fairness, for a growth sector these names were trading well below what they "should" be trading at. Not very high PE ratios as folks seemingly love to use.
 
Oh yeah, I’m holding bags from 32c level. I’m not too far from breaking even on it now. Still think the market cap is ridiculous cheap — while it might slide back to 9c, if they sign a substantial deal, it’s an easy double from here. So, I like the setup and my position is small enough that I don’t sweat every tick. Wouldn’t even think about it but it’s a running gag here... and that’s worth at least 1 penny
 
Preston said:
At this point there almost has to be a major shift in the US for these MSOs to not crater. The run is pricing in more and more shit every day.


But in fairness, for a growth sector these names were trading well below what they "should" be trading at. Not very high PE ratios as folks seemingly love to use.
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MSOs were unfairly punished and derided — they threw out the baby with the bathwater which is common when sentiment hits extreme levels.

At max euphoria, people will bid up every piece of shit.
 
CH1 said:
Oh yeah, I’m holding bags from 32c level. I’m not too far from breaking even on it now. Still think the market cap is ridiculous cheap — while it might slide back to 9c, if they sign a substantial deal, it’s an easy double from here. So, I like the setup and my position is small enough that I don’t sweat every tick. Wouldn’t even think about it but it’s a running gag here... and that’s worth at least 1 penny
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Best gag ever. But I agree, they have to be at or near their floor. With telehealth becoming a big thing in the US they might actually start posting some real growth and minimal additional costs. Telehealth is a cheap operation.
 
CH1 said:
MSOs were unfairly punished and derided — they threw out the baby with the bathwater which is common when sentiment hits extreme levels.

At max euphoria, people will bid up every piece of shit.
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Yeah my thesis at the time was that LP failures did nothing but create a MASSIVE discount on these MSOs because they fell almost as much despite VASTLY different execution; and it was obvious. It took a while to materialize but it's nice when my dumb fucking ass is right. It's not too common but it feels just as good as actually making the money sometimes.
 
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When the dotcom bubble popped, nobody wanted Amazon at $10 share even though e-commerce wasn’t going anywhere but way up.

When sentiment crushes a great long term story, it pays to invest and be patient
 
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