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Hey Nerds: Blockchain

Actually then, it sounds like you’re saying split between the two, but more with Thumb? And MSOS as an alternative to spread out risk?
 
LeafOfFaith said:
So you’ve switched to Thumb. I thought for sure you said Trul more. What’s the reason, that Trul is too concentrated in just a few markets?
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I personally have more TRUL (for reasons stated above) but I think GTII is safer because of their wider footprint.
 
LeafOfFaith said:
Actually then, it sounds like you’re saying split between the two, but more with Thumb? And MSOS as an alternative to spread out risk?
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yea...and MSOS has some of the 3rd tier little guys like CXII, JUSH, HARV that may actually outperform the big 4 in a bubble type scenario

CCHW might be the most undervalued 2nd tier name...and it comprises 3.8% of MSOS
 
axlsalinger said:
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.
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I’m not a financial advisor, but IMO this is a mistake. Look blue chip.
 
CH1 said:
my only fear, would be the overall market getting smacked
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That’s my fear every day!

The other thing going on here is that I’ve been stalking ZM. If I want to take the position I want in that expensive fucker, it probably takes up the remainder of my free cash stash for this year. Going MJ instead wouldn’t make the same dent. So I’ve been debating and mulling.
 
mbow30 said:
I’m not a financial advisor, but IMO this is a mistake. Look blue chip.
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Normally I'd agree, but not diving in with a large buy, and there's no point in buying 8 shares of AT&T and sitting on it for 18 months.

Unlike LOF, I need volatility. Give me $0.10 shares in Motorola pagers that will shoot up to $50 after Reddit users decide they're cool again!
 
My man, everyone needs and wants that, but it’s lightning in a bottle. That kind of stuff usually just stays at $0.10. Better to go for the safer play that gives you a reasonable return than hit for the fences and strike out. Even if the principal you’re using is modest. But I get wanting to knock it out of the park and turning a little into a lot. My fear has always kept me in check though when it comes to buying lesser names with gambling intent.
 
By the way, I say that as someone who in college threw away a few grand on some penny stock bullshit that went bust, which literally kept me out of the markets for like 15 years after that. And still deters me from putting any money in stuff like that.
 
I understand they're hard to find. Not planning to buy junk, but I will be looking for something with a low cost per share and upside, just so that I can get more shares on a limited investment.
 
I was joking about the $0.10 stock (although I may dabble a bit in penny stocks for the lulz). I'm more talking about a $5 stock with a chance to get to $10, as opposed to a blue chip $28 stock that could get to $33. Obviously more shares for the same investment. Plus I want to play around a bit and not just buy a few stocks and sit on them.

I am quite intrigued by AMC because it's part of the whole Reddit thing, but also because it's a legit company that is down right now for obvious reasons. It could shoot up in the short term because shorting, but also should go up by the fall if people are going to movie theatres again. People will be so happy to get out of the house, business should be booming.
 
There’s a whole bunch of irrational fuckery around GameStop

As far as amc is concerned - their share price is on a 5 year slide, along with revenues. They’re teetering on the edge of insolvency and remember — in insolvency, equity is the last to get paid out (and usually there’s nothing left for the owners once the creditors and professional advisors have been paid).
 
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mbow30 said:
There’s a whole bunch of irrational fuckery around GameStop

As far as amc is concerned - their share price is on a 5 year slide, along with revenues. They’re teetering on the edge of insolvency and remember — in insolvency, equity is the last to get paid out (and usually there’s nothing left for the owners once the creditors and professional advisors have been paid).
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Eh, they're both just organized short squeezes at heart.

GME had 140% of the float in shorts. Gamestop wasn't bankrupt and wasn't going bankrupt, but hedge funds had decided that it was dead and they were going to kill it. It was Wall Street predation and nothing more at work. This irrational fuckery isn't about gamestop being a 25 billion dollar company, it was about catching some predatory douchebags with their pants down.
 
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