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Hey Nerds: Blockchain

MindzEye said:
Yesterday was apocalyptic, today is euphoric.
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it's what happens when the market doesn't know how to model the valuation of an entire new industry. the whole sector is a battleground.

interestingly, noted short seller Citron is super bullish on the sector and today issued a strong buy on TLRY with a $45 target.
 
crypto blues has NVDA guiding down after hours. It's really not that meaningful for them long term so I'd be a buyer if the stock gets hit significantly.

Dkv8aicW0AEY9M-.jpg
 
Yeah, mining with GPU's was nice while it lasted, but ASICs are just better technology. I haven't kept up with the latest in the mining scene, but the trend when I stopped paying attention was the ASICs manufacturers having made boxes for mining algos that were previously considered ASIC "resistant", and had been running themf for months without anyone realizing that they were dominating the total hashing power on those algos. Then sell off the used boxes as new, throw a grenade in the room and walk away. Seeing how stacked things were against small mining farms was why I made the decision to cut bait.
 
Interesting....I had no idea what ASICS were. Just looked it up.
 
CH1 said:
Interesting....I had no idea what ASICS were. Just looked it up.
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If you want a bit of a trip, look into Bitmain's (largest builder of ASICs) business practices.

I ranted a bit on this subject a bunch of months ago I think.
 
These are the days I've missed for a lot of months now. Almost everything on my board is green and most of it is up 5% or more.
 
MindzEye said:
These are the days I've missed for a lot of months now. Almost everything on my board is green and most of it is up 5% or more.
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shorts getting squeeeeeeezed. love it.

I also added to my ROKU position on dips last week and this am. Now I wanna get paid.

DlD1438U0AEkM9p.jpg:large
 
I also bought NVDA. People staring at crypto losses when their Data Centre revenues grew 80% YoY and their Gaming revs grew 50%.Both were ahead of consensus.
 
WellPlayed said:
Really, really wish I had bought CVSI at just under 3 bucks when I was looking at it. Damn.
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Ummm...probably better that you stayed away. The gains would have been nice had you gotten out, but management matters and semi legendary short sellers Citron are claiming that CVSI have committed securities fraud:

https://twitter.com/CitronResearch/status/1031592091543982081

$CVSI misrepresentation by management. The total bull case is based on REJECTED patents the company has never disclosed and continues to hype. Securities Fraud? Another IRTH special
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CVSI has gone from being up 20% today (high of 9.20) to mother****ing free falling to 5.17 right now (down 17% on the day). Most of the damage has been done since the Citron tweet 40 minutes ago.
 
CH1 said:
shorts getting squeeeeeeezed. love it.
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A few more green days and I think a legit blast off, wiping out the summer slide is on the menu when all the shorts are forced to cover. A lot of trendline breaks over the last few trading days.



I also added to my ROKU position on dips last week and this am. Now I wanna get paid.
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That is a lovely pattern. I've got a bit of powder on the sidelines, I might have to take a look.
 
I love Citron. Being short something when they release a tweet is awesome.

Interestingly, they are super bullish on BABA (as I am). We'll see this Thursday (earnings).

The chart sux but earnings news is more important. The conspiracy in me says no way will the Chinese govt allow them to announce anything but stellar news.
 
MindzEye said:
I've gotta pick your brain on options shortly, it's the next area I'm looking at dabbling in.
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Anytime.

Options are my fave way to trade short term. Can really manage risk on the most liquid names. Risk/reward is good.

Got extremely lucky today:
Bought NVDA calls (250 strike, expiring next friday) at $299 each. Twenty mins later I sold half at $600. Now around 670.
 
MindzEye said:
A few more green days and I think a legit blast off, wiping out the summer slide is on the menu when all the shorts are forced to cover. A lot of trendline breaks over the last few trading days.
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I don't own VFF but wish I did.
 
CVSI now down 35% on the day. Now trading in the 4.30 range.

You wanted sub 3.00 CVSI WP? Wait another hour. Jesus.
 
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A couple minutes later, 3.70

Down 42% on the day....after being up 20% before the Citron tweet.

and I'm 15 minutes delayed....I don't have live streaming data on PINX, because **** paying for that, so who the **** knows where it's at in real time right now.

It's broken it's 20 period MA, and looks like it wants to dump enough to test the 50 at 2.64
 
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MindzEye said:
A couple minutes later, 3.70

Down 42% on the day....after being up 20% before the Citron tweet.

and I'm 15 minutes delayed....I don't have live streaming data on PINX, because **** paying for that, so who the **** knows where it's at in real time right now.
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the bid/ask is Yuge. I got 3.85/4.20 Last trade 4.14
 
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