Hey Nerds: Blockchain
- Thread starter zeke
- Start date
Volcanologist
Well-known member
holy crap that's a big drop
Preston
MBow30 alt account
Twas always going to happen based on basic chart technicals. Hard part was timing it.
LeafOfFaith
Well-known member
This is why the stock splits of behemoths are so dangerous. Apple is down $10, but the equivalent of $40 pre-split, which pretty much never happened.
CH1
The Artist Formerly Known as chiggins.
CB2 Insights Announces $3,000,000 Private Placement Led by Merida Capital
TORONTO, Sept. 03, 2020 (GLOBE NEWSWIRE) -- CB2 Insights (CSE:CBII; OTCQB: CBIIF) (“CB2” or the “Company”), one of the largest integrative healthcare...www.globenewswire.com
Guess they're about to make some more acquisitions.
Finally catching my breath and have time to read this release -- pretty solid news.
Merida is getting in at 15c/share. Forum Ice Capital bought a bunch at 9-10c
#winning
Preston
MBow30 alt account
The idea is it provides a floor at 15c. I used to be that naive and optimistic. Unfortunately it doesn't really work that way.
Ultimately time will tell on that one. They traded Andersen for just cap space. Now it's about how they spend that cash. Key moments for them and their future. Need to grow now that they got their costs in order.
Ultimately time will tell on that one. They traded Andersen for just cap space. Now it's about how they spend that cash. Key moments for them and their future. Need to grow now that they got their costs in order.
LeafOfFaith
Well-known member
Jesus, afterhours and futures are a bloodbath too.
CH1
The Artist Formerly Known as chiggins.
anything is possible in this crazy market. There are a number of ways the parabolic rise in tech can be addressed — a swift two day wonder or months of congestion.
CH1
The Artist Formerly Known as chiggins.
yeah...I learned not to go all in on my predictions. Yesterday was one of the best days ever in my trading account, and all it took was a smattering of SPY puts. My RRSP got solid protection from long dated QQQ puts and UVXY calls.
Preston
MBow30 alt account
Yup. If you go too balls deep in your thesis like GUSH mom does, you can be underwater real quick. He kept averaging down and down on his short. And was absolutely decimated. Until yesterday. He could have just played bullish up until yesterday and gone short within the first hour or two of trading and he would have crushed it way more than being as early as he was. And now he's committed to another 15-25%. But what's his exit strategy? What if something happens that doesn't support the "history will repeat itself" narrative (which btw, I hate when fintwit uses historic events to prove that something will happen again).
Anyway I've been under the belief for awhile that 3000 on SPX is a very real possibility at some point so his thesis may absolutely play out. But the guy drives me nuts. I want to shake him. His narcissism gets the best of him. He thinks he can't possibly be wrong.