• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

LeafOfFaith said:
Presty, honestly who cares. You brought it up again today, so the fun is starting all over, but I feel like you’re actually getting bothered by it so I’m starting to feel bad!
Click to expand...
Honestly I thought it was hilarious that you got so bothered that I used jargon. And I still think it's hilarious. Maybe my sense of humor is weird but it's just me being silly while the markets are closed. I'm sorry. I guess I'll stop.
 
MindzEye said:
Well, when you have 50 Billion under management, 2.5 Billion is a lot of cash.

5% of even a million dollar portfolio isn't really "hoarding" cash in any functional sense of the word. That's a down payment on a M4, not a cash hoard.
Click to expand...
Yeah it's an aggressive word for 5% for sure. I'd never use it like that. Hell, if one had $100 in a trading account and $95 was cash it's considered hoarding. I'm surprised this piece of jargon is foreign to some folks here, especially fintwit followers. It's not meant to be taking literal, like all jargon in all walks of life.

All I heard last year was that the leafs were hoarding draft picks or prospects. I didn't see this criticism!
 
Last edited:
Preston said:
Folks. We need to learn how to admit defeat when facts are at our finger tips in the world wide Web era.
Click to expand...
This makes sense intellectually, but in reality has led to half the population thinking the Earth is flat and that Donald Trump is their lord and saviour.

I once invested in Canadian cannabis. I had a long thesis. Guess what? I was wrong. I admitted it and it made me a better person.
Click to expand...
If it can be told relatively briefly, what is the story here? This industry should be profitable in the long run, no?
 
MindzEye said:
Well, when you have 50 Billion under management, 2.5 Billion is a lot of cash.
Click to expand...

Not to mention, nobody's gonna pay hedge funds their fees (2% of assets, 20% of profit) so they can stick your money in a BMO savings account. They also don't make squat unless they aggressively put your money to work.
 
axlsalinger said:
This makes sense intellectually, but in reality has led to half the population thinking the Earth is flat and that Donald Trump is their lord and saviour.


If it can be told relatively briefly, what is the story here? This industry should be profitable in the long run, no?
Click to expand...
I do expect some to be winners. But the ticket is the US and building out there is really expensive. Those that already have big operations there have a huge advantage. Canada just isn't a large enough market and they're currently suffering from oversupply. And these Canadian operators are valued really highly right now... More speculative upside. I see a path for some, but a lot has to go right.

Canopy, village farms and cronos are my top picks for Canada. Canopy and cronos because they have cash and the backing to build out in the US and village because it's a cheap stock. But a lot of upside is already priced in.
 
remember when The Green Organic Dutchman and Supreme Cannabis were considered premium?

/nopositions
 
CH1 said:
remember when The Green Organic Dutchman and Supreme Cannabis were considered premium?

/nopositions
Click to expand...
Yeah that's another thing.. much of the Canadian names are near bankruptcy. Some US names are too, but it's a smaller percentage.
 
Preston said:
Honestly I thought it was hilarious that you got so bothered that I used jargon. And I still think it's hilarious. Maybe my sense of humor is weird but it's just me being silly while the markets are closed. I'm sorry. I guess I'll stop.
Click to expand...
Haha. What bothered? I’ve been laughing this whole time while you’ve been running internet searches on the word and writing long exposition about it. You also felt so strongly that you had to bring it up again today.

Some of those people who PMed you with support should speak up here. But in all seriousness, this is comical but I don’t want to antagonize you over it. All good, back to regularly scheduled programming.
 
I would like to dip my toe in the water. Don't have much to invest and the learning curve is steep, so I will be looking for cheap and a little bit riskier stocks with huge upside. Was thinking this industry is a good place to start but it sounds like it might be the opposite.

Putting the rent money into Dogecoin can't possible go wrong, right?

Gonna do a bunch of research up front and will ask you guys a few questions in due time. Speaking of jargon though, when the Gamestop story broke I went back about 20 pages in this thread and it seems like a few of Preston's posts were written in a language that is not English.
 
Preston said:
ACB or tgod might have the highest shortterm upside of all.

/No positions
Click to expand...

TGOD just released these fast acting gummies out west.

Like LOF taught me, I will give them a try when they get ONT distribution before investing in the company.

1612131315447.png
 
LeafOfFaith said:
Haha. What bothered? I’ve been laughing this whole time while you’ve been running internet searches on the word and writing long exposition about it. You also felt so strongly that you had to bring it up again today.

Some of those people who PMed you with support should speak up here. But in all seriousness, this is comical but I don’t want to antagonize you over it. All good, back to regularly scheduled programming.
Click to expand...
The articles came from someone in a pm who is aware of the term in the investing world. I did NOT search those though I'd love to say I did because my googling skills are balls. You had a three hour Barbara Walters grill-fest on me for using common trading jargon. I've just been acting silly the entire time. I honestly thought you were upset but I'm glad you're not.
 
Preston said:
The articles came from someone in a pm who is aware of the term in the investing world. I did NOT search those though I'd love to say I did because my googling skills are balls. You had a three hour Barbara Walters grill-fest on me for using common trading jargon. I've just been acting silly the entire time. I honestly thought you were upset but I'm glad you're not.
Click to expand...
Who was grilling? If that was grilling, every conversation in every post is grilling.

The issue here is that you've been hypersensitive because you think some perception might be created that if you're 95% in cash then your 5% in stocks could only amount to some nominal figure like $10k or something, and then everyone will think oh, big man on campus, talking for years about a $10k position in equities. Meanwhile, I told you from the get go that you could have 5% of your portfolio in stocks that could still be worth millions of dollars. How would anyone here know?

So the whole "hoarding" subject is about use of the term, not what the hard dollar implications mean to your specific holdings. And yeah, hoarding cash in this context usually means you've gotten out of most everything else so that you can dive in on a big fall in the markets. Not that you're saving up some cash from a certain trading activity to buy in a dip. But again, who cares.
 
LeafOfFaith said:
Who was grilling? If that was grilling, every conversation in every post is grilling.

The issue here is that you've been hypersensitive because you think some perception might be created that if you're 95% in cash then your 5% in stocks could only amount to some nominal figure like $10k or something, and then everyone will think oh, big man on campus, talking for years about a $10k position in equities. Meanwhile, I told you from the get go that you could have 5% of your portfolio in stocks that could still be worth millions of dollars. How would anyone here know?

So the whole "hoarding" subject is about use of the term, not what the hard dollar implications mean to your specific holdings. And yeah, hoarding cash in this context usually means you've gotten out of most everything else so that you can dive in on a big fall in the markets. Not that you're saving up some cash from a certain trading activity to buy in a dip. But again, who cares.
Click to expand...
I'm using it in the same context that every trader does. Like literally the exact textbook same concept. I really don't get the disconnect. You don't like that it's jargon and commonly used like that I guess. You don't have to use it like that but I will continue to.


Ps: I literally compared you to Barbara Walters. Once again, I'm being silly. I thought we all were too since we were joking about your show/interview the other day.
 
LeafOfFaith said:
Fine, that’ll teach me. I deserve to be treated that way.
Click to expand...
I'm using it because it's trading jargon, as I always have and how fintwit uses it. I don't care that it upsets you. That's not why I say it. Damn, im not that petty. I say it because it accurately portrays what I'm doing in the context of my trading account. You didn't know that, which is fine. I don't blame you and I still love the shit out of you. Let's make that clear.
 
You must log in or register to reply here.
Back
Top