Board 8 > Stock Topic 21

(+) Yeah! (+)

Sunroof posted...

Whats the deal with SRAX?

I honestly don't know too much about them besides the buying of FPVD for the reverse merger. Need to look into them more.

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Aww yeah, one of the whales on the discord is on board long for FPVD. 600k shares so probs a small position size for him, but knowing we have a super smart investor bullish on it gives me more faith.

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What does fpvd even do

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https://www.streetinsider.com/dr/news.php?id=17775600

About BIGtoken

BIGtoken is a consumer data management and distribution system. BIG is the first consumer-managed data marketplace where people can own and earn from their data. Through a transparent platform and consumer reward system, BIG offers consumers choice, transparency, and compensation for their data. Participating consumers earn rewards, and developers are able to build pro-consumer online experiences on top of the BIG platform. The system also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. For more information on BIGtoken, visit bigtoken.com.

BIGToken = FPVD and the ticker will change to BIGT, though I'm not sure we yet have a time frame for that.

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How long do you reckon is the hold for FPVD?

Im trying to hold longer (been doing pretty good with Tesla and Apple, not that I would have sold them for a loss anyway).

Sunroof posted...

How long do you reckon is the hold for FPVD?

Could be a year plus I think. I'll sell at a dollar if it gets there (or right before a dollar, like I did with ENZC).

Or could be a lot shorter if Lou Kerner starts hyping the thing up. Says he wants to uplist to NASDAQ, which would require it to hit $2. In order to make any of that feasible, we think they would have to cancel a ton of shares.

Discord buddy tells me there are no negative ramifications of such a move and it would only be a good thing. If they do that soon, it would flyyyy

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All right, I invested way too much money in this dumb penny stock. Hope you are right Blur

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Ita at $.08 and your buddies are confident itll get up to $1.00 in one year? Thats over a 1000% increase... thatd be insane.

Yeah, I'm in for 40,000 shares. I'll take that >_>

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Sunroof posted...

Ita at $.08 and your buddies are confident itll get up to $1.00 in one year? Thats over a 1000% increase... thatd be insane.

Uhhh this is why I don't like price targets! I wouldn't say anyone is "confident" but that there is a very convincing bull thesis to be made here. I have 250k shares baby. But I also made ridiculous profits recently so don't mind throwing some of those this way.

I think at the very least you can get to a quarter or something and get out if you want. We have an FPVD channel with smart investors and we'll keep you posted! In the mean time, I never mentioned the crypto stuff which is maybe what makes me more bullish than anything. Here's their new PR!

https://www.businesswire.com/news/home/20210217005837/en/BIGtoken- Offers -Cryptocurrency- Payments-to-Users-Employees-and-Vendors-in-Partnership-with-Gilded

Delete the spaces

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I have 5 3/19 2.50 calls on dnn which cost me $100 total.

I should buy some actual shares or something more than lottery tickets but i've been too lazy to do any actual research

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Okay. Im sold. In!

masterplum posted...

All right, I invested way too much money in this dumb penny stock. Hope you are right Blur

Oh snap never expected to get plum on board with a penny stock! Hell yeah.

I hope I'm right too. At the very least, I'm certain there will be upside from here from hype. Again, you can always get out with lesser gains than a 1000%. I'll probably try to hold for a while though if movement keeps looking good

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I set a limit order at .079. Its currently at .078. Will it hit? I did all or nothing.

I dont get how to auto execute limit buys.

What size?

The ask size is 10000 so if its more than that it may not due to the all or nothing

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I still don't like buying all in at once. Have a position size you want to work up to and average in. I'll buy some more on another dip if it happens. Would love around .06 again - it hit that earlier today when I bought!

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Okay I lowered the amount of shares. I got in at .077. I bought 90k shares or $6900.

I have 250k shares. Most I'm willing to go up to is 500k to hold long. Already made four grand of profit that I sold. Could have had 8 grand of profit though if I just sold it all this morning. Ahh well. A few more flips and I can just play this one with mostly profits. So yeah, you can ALSO do huge buys and sells and buy back. I got in on the 60% run day though sooo >_>

Oh and hey

https://twitter.com/BIGtokenCrypto/status/1362097375880220674?s=20

Hope he talks about FPVD!

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Sunroof posted...

Okay I lowered the amount of shares. I got in at .077. I bought 90k shares or $6900.

Good starting position and good average for now! Gonna be a bumpy ride, but should be an entertaining one

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neonreaper posted...

im all tied up with my funds but if I was gonna put into something new it would be either RIOT, PINS, DNN or YOLO

Great recs btw.

I bought more DNN and FPVD. I am fully invested now. Time to practice patience.

A weed ETF with YOLO as the ticker eh

These guys know how to get people to buy a stock

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Pokemon update: I found out today that 20th anniversary elite trainer boxes went from 80 when I bought one to 800 now.

Gotta catch em all

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I was the only kid in my entire school who had all 150 original Pokmon cards. The last one I got was Dragonair and I traded a Venasaur for it since I had two. I had to catch them all. I also had an Ancient Mew.

I have a whole set now. I bought it for 220. It is now worth like 3k lol

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FPVD went from .78 to .70 in the final ten seconds. Sheesh.

This is why you don't make a huge buy all at once on these kinda stocks unless you think you're getting in before a big rally and plan to sell fast. Wish I discovered the stock last week and got in that run up! I got in yesterday but it was so hard to get filled on market open because it was moving so fast.

Anywho, this morning FPVD went from .010 to .0104 and crashed all the way to low .060s! I said the ride was going to be bumpy lol. But stocks like these can also have wild 60% up days like yesterday.

Sentiment seems to be pretty mixed right now short term because of all the outstanding shares. Hopefully they cancel a bunch of shares soon and aim for a reasonable market cap. That's key for now. I'd rather them go that route than a reverse split, though those can be helpful too long term. But I'm already in so I don't want that because it could plunge it hard short term imho. On the other hand, I've only seen R/Ses on penny stocks with like 10 times higher share prices than this one. Maybe it actually helps a stock this cheap even short term or doesn't affect it much at all?

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I kinda wanna buy PUTS on Riot Blockchain. Jun 18 $50 puts look really tempting right now. Seems like if Bitcoin had any significant dip in the next few months you'd rake on puts.

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I personally wouldn't bet against bitcoin for the same reason i don't want to bet for it. (Although I may have to if more fortune 500 companies get on board)

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Seriously Riot Blockchain is the first and only time I've seen a childhood friend ascend so high up the corporate ladder, and I have no idea how he did it apart from being a rich guy from a rich family. He's a pretty smart dude, but he was also a pro poker player until like three years ago. Now he's the CEO of a NASDAQ listed corporation. I'm uhh... not sure if I'd trust their strategic vision, whatever it is.

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Long term I don't bet against Bitcoin but short term it having some pullback seems natural. I mean 2019 Bitcoin is worth 1/6 of what 2018 Bitcoin is. A put is 100% going to be profitable at some point but trying to put your finger on where it is might make it too difficult to try. Thing is we don't have GME levels of volatility here so the long term puts aren't super overpriced yet.

But say Bitcoin drops down to 10k or 30k from 50k, for a few weeks, where does that put Blockchain? I don't know. But I would be completely shocked if it didn't ever have a huge pullback. How huge, who knows, but we've seen it before.

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the problem is you dont know what the pullback is going to look like. Is it going to go up to 60k then pullback to 30k? Is it going to go up to 80k and then pullback to 60k?

Either way I think trying to make gains by betting against a company you think will go up long term in the short term is risky.

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Well I'm not sure the company goes up long term. I think bitcoin will, but I think the company is going up entirely based off bitcoin hype not because there's actually anything to be excited about there.

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As far as I can tell, the company just mines coin.

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CaptainOfCrush posted...

As far as I can tell, the company just mines coin.

Yea I think its just a miner which means its profits are directly tied to the price of bitcoin since its literally generating bitcoin

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I wouldve gone in Riot when I got into Bitcoin last month. Seems too high now but it can keep ascending. Yo, just ask your friend whether you should buy the stock. Lol.

Sunroof posted...

I wouldve gone in Riot when I got into Bitcoin last month. Seems too high now but it can keep ascending. Yo, just ask your friend whether you should buy the stock. Lol.

That's a really bad idea that could land them both in prison. Look at what happened to Martha Stewart.

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Yo, ask Red Sox to ask your friend.

Palantir worth buying at this juicy dip?

I'm waiting until after the IPO lockup expires on Friday. Anticipation of that is probably contributing to the dip

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Very good idea. I didnt know that was the date though you mentioned it before.

Does it expire after hours or what?

https://gamefaqs.gamespot.com/boards/8-gamefaqs-contests/79301581

But if you're optimistic toward the longterm growth of Bitcoin, why not directly buy coin itself? I might be missing the forest for the trees, but what actual value does a coin miner provide? Will they be lending coin the same way a bank lends cash? Will they like... pay their shareholders Bitcoin dividends? I don't get it.

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CaptainOfCrush posted...

But if you're optimistic toward the longterm growth of Bitcoin, why not directly buy coin itself? I might be missing the forest for the trees, but what actual value does a coin miner provide? Will they be lending coin the same way a bank lends cash? Will they like... pay their shareholders Bitcoin dividends? I don't get it.

Leverage. Mining has costs, so if, just as an example, BTC needs to be at 20k for them to break even, then BTC moving from 30k to 50k would triple their profits, while BTC would only advance 67%.

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You know what stock I miss that I sold for way too little? The great PTON. Now I've made multiple huge 100%+ trades so it doesn't hurt that bad, but I still think the management team there is brilliant and it has room to grow to 400+ over the coming years. If it ever goes below 100 again, I'll buy it again in a heartbeat.

God I just want a market crash so bad so I can get some cheap Apple, Tesla, Amazon, and Peloton now that I have a much bigger account.

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Colegreen_c12 posted...

Yea I think its just a miner which means its profits are directly tied to the price of bitcoin since its literally generating bitcoin

Yet Riot's value jumped 1800% in the past 3 months to Bitcoin's tripling.

There's a strong disconnect between the values currently.

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Lopen posted...

Yet Riot's value jumped 1800% in the past 3 months to Bitcoin's tripling.

There's a strong disconnect between the values currently.

I don't know enough about the company tbh. It's possible they got a lot more hardware and are mining more now. Not to mention that increases in bitcoin affect miners a greater percentage. But overall the sentiment is that the better bitcoin does the better the miner does. Now it could be overvalued or not atm I have no idea but then the question becomes will the market suddenly care by the time your put expires

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If Riot keeps mining Bitcoin, it will cause Bitcoin to go up. If Bitcoin goes up, Riot will go up. Everyone should buy Riot and Bitcoin only.