Board 8 > Stock Topic 32

(+) Yeah! (+)

Looking at Raoul Pal's musings on EU carbon has me intrigued. Probably an industry with plenty of leg. Though it seems the only exposure on robinhood is KRBN.

And Nanis, pls don't. Just long hold FDN or something.

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Nanis23 posted...

I am going all-in on Baba
All my life saving
Everything

Convice me otherwise!!

No. Don't do that ever. 50% at most.

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Nanis23 posted...

I am going all-in on Baba
All my life saving
Everything

Convice me otherwise!!

Don't ever put 100% of your savings in anything...

My solana is crushing.

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For the record I put 100% of my savings in at least half my moves. Its worked out well for my but comes with many risks.

Sunroof posted...

For the record I put 100% of my savings in at least half my moves. Its worked out well for my but comes with many risks.

You have enough money where it's a really bad idea to keep doing this. Don't be the millionaire who goes bankrupt because he just had to go all-in over and over.

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red sox 777 posted...

You have enough money where it's a really bad idea to keep doing this. Don't be the millionaire who goes bankrupt because he just had to go all-in over and over.

He does it for the rush. Try telling a gambling addict to stop!

My system has worked for a year and a half. But it only takes once to fail! Ill take my chances.

Well it isn't like GS is going under anytime soon. Or other safe stocks

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Picking up some COP

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Rgbp might take off tmo. Rsi is overbought short term, but i think more action is coming

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Might have actually bought Mile at the bottom

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Mmm, lied

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Ah whoops sold Affirm a couple of months ago

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neonreaper posted...

Ah whoops sold Affirm a couple of months ago

danggg

neonreaper posted...

My solana is crushing.

mmmm

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Fubo baby

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Lol ZM

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Imagine betting against ZM 7 times but the 8th time you were right....lol

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At this new price ZM seems cheap.

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@StartTheMachine

Charles Schwab just restricted trading of GVSI (among others?), do you have a brokerage recommendation? Vanguard/Chase/TD won't let me.

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Menji posted...

@StartTheMachine

Charles Schwab just restricted trading of GVSI (among others?), do you have a brokerage recommendation? Vanguard/Chase/TD won't let me.

TD should definitely still let you buy until the 3rd, this Friday. I can. eTrade cut off buying yesterday, and I know Robinhood and other brokers never allowed trading on stop sign tickers to begin with. Presuming it's not current by Friday, I honestly don't know any brokers that you can buy on afterwards. I think there are some non-traditional ones that would allow you to, but I don't know what they are or the reputations of those brokerages.

Anyway, I think there are others in GVSI here and this situation has certainly complicated things, so here are all my thoughts on it:

The actual pink current deadline is September 28th, so in the big picture, I am not worried about George Sharp getting all his custodianships current. He'll get it done. If you take a look at the twitter accounts he just made for all of them, they're each called "OTCPink" followed by the ticker symbol. If there's one thing GS doesn't do, it's false advertising. Sounds like they should be pretty much ready to go already.

The question is what happens to the price in the meantime, and I can see the argument both ways that you should load up now and that you should sell some now. Personally, I sold half of my position over the last few days, leaving me with a million left just to deleverage risk. That's still 50k invested at these prices. I'm certainly bullish and high conviction on this trade, to say the least. Fortunately I've also made around 40k of realized gains, and my remaining average in these last million is around .03. I'm in a very good boat here having gotten in back in April.

I'm not sure how this can run without buyers while trading is restricted though! I won't be surprised if I regret selling that million and having to buy back higher (I don't need 2 million but I'd like to have close to that amount before a merger announcement), nor will I be surprised if it dumps while trading is restricted. On the dump potential though, look how much the volume has plummetted since these restrictions started and look at the price. Besides a few day traders, of which the majority being MMs wouldn't surprise me, it looks like almost everyone left is long GVSI. This is very reassuring in holding a big position while trading is restricted. Better yet is GOFF: nobody sells that thing, and the market cap valuation is like a third GVSI. I think that's probably the safest play of the George Sharp stocks, if there's a restricted trading period.

Finally, restrictions usually aren't lifted immediately (E: even after going current). I've read there can be a 3 day plus period to allow buying again, maybe even a week or two. So if you're not in and big things are announced, well, too bad. Things moved fast with TSNP once it got current.

So yeah, personally, I sold half to cut my risk exposure and still kept a hefty sum. I honestly may buy back a few since we have a three day weekend coming up, and if there's no news, could sell those extra shares on Tuesday if it starts trending downward. But I can't imagine GS made those three new twitter accounts for each stock without having big announcements planned. Oh and one final thing: there was a filing that dropped on Nevada SOS yesterday, which grants the OTCIQ access. We can't see the contents of these filings, just that it happened. That could be the filing needed for current access, or that could just be one of the ones needed. We'll know soon enough.

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StartTheMachine posted...

TD should definitely still let you buy until the 3rd, this Friday. I can. eTrade cut off buying yesterday, and I know Robinhood and other brokers never allowed trading on stop sign tickers to begin with. Presuming it's not current by Friday, I honestly don't know any brokers that you can buy on afterwards. I think there are some non-traditional ones that would allow you to, but I don't know what they are or the reputations of those brokerages.

Anyway, I think there are others in GVSI here and this situation has certainly complicated things, so here are all my thoughts on it:

The actual pink current deadline is September 28th, so in the big picture, I am not worried about George Sharp getting all his custodianships current. He'll get it done. If you take a look at the twitter accounts he just made for all of them, they're each called "OTCPink" followed by the ticker symbol. If there's one thing GS doesn't do, it's false advertising. Sounds like they should be pretty much ready to go already.

The question is what happens to the price in the meantime, and I can see the argument both ways that you should load up now and that you should sell some now. Personally, I sold half of my position over the last few days, leaving me with a million left just to deleverage risk. That's still 50k invested at these prices. I'm certainly bullish and high conviction on this trade, to say the least. Fortunately I've also made around 40k of realized gains, and my remaining average in these last million is around .03. I'm in a very good boat here having gotten in back in April.

I'm not sure how this can run without buyers while trading is restricted though! I won't be surprised if I regret selling that million and having to buy back higher (I don't need 2 million but I'd like to have close to that amount before a merger announcement), nor will I be surprised if it dumps while trading is restricted. On the dump potential though, look how much the volume has plummetted since these restrictions started and look at the price. Besides a few day traders, of which the majority being MMs wouldn't surprise me, it looks like almost everyone left is long GVSI. This is very reassuring in holding a big position while trading is restricted. Better yet is GOFF: nobody sells that thing, and the market cap valuation is like a third GVSI. I think that's probably the safest play of the George Sharp stocks, if there's a restricted trading period.

Finally, restrictions usually aren't lifted immediately. I've read there can be a 3 day plus period to allow buying again, maybe even a week or two. So if you're not in and big things are announced, well, too bad. Things moved fast with TSNP once it got current.

So yeah, personally, I sold half to cut my risk exposure and still kept a hefty sum. I honestly may buy back a few since we have a three day weekend coming up, and if there's no news, could sell those extra shares on Tuesday if it starts trending downward. But I can't imagine GS made those three new twitter accounts for each stock without having big announcements planned. Oh and one final thing: there was a filing that dropped on Nevada SOS yesterday, which grants the OTCIQ access. We can't see the contents of these filings, just that it happened. That could be the filing needed for current access, or that could just be one of the ones needed. We'll know soon enough.

What's their reason for stopping buying?

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red sox 777 posted...

What's their reason for stopping buying?

It's not current yet and there is a September 28th deadline. Brokerages are enforcing the deadline a little ahead of schedule. The OTC markets are cracking down on companies that don't have their filings done on time, which overall is a very good thing for the OTC.

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MILE surging, not sure why.

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Awesome, thanks for the insight. I still have about half of my holdings left.

ETH up big! That and ADA are my biggest crypto holdings so I'm happy.

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I've been babysitting my crypto investments more closely and have begun to roll some of those profits into NFT trading which is fairly time consuming. The initialization fees for NFT marketplaces (currently just on OpenSea) were kind of annoying, but after a couple of researched purchases I expect to have an overall profit within a few days and then a lot of upside beyond that.

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Where did you go to research NFT trading?

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Menji posted...

Where did you go to research NFT trading?

Google? Lots of googling to get the basics, and then looking over available series with blue checkmarks to find something (A) I could afford and (B) had some demand for resale.

Currently I've narrowed my focus on an NFT series that is being issued by Candy Digital in conjunction with Major League Baseball. They are doing an NFT series for each ballpark where there is a 1 of 1 (Gold Series) of that park available via auction (and those are selling for quite a lot) and an "unlimited" run of the "Steel Series" that is available for purchase for just a few days for $100, which results in a different number being available for each park depending on how many get purchased during the range of days.

For example from August 09-12 you could buy the NFT for Fenway Park or Citi-Field. Fenway sold 338 and Citi Field sold 235. The Gold Edition for Fenway sold for $12,000 and the gold edition for Citi Field sold for $30,000

Then from August 16-19 you could buy the NFT for Nationals Park, Tropicana Field, Yankee Stadium and Wrigley Field. Looking over those I saw:
Nationals Park: 171 Steel Series Sold - $9,000 for Gold.
Tropicana Field: 151 Steel Series Sold - $17,760 for Gold
Yankee Stadium: 414 Steel Series Sold - $33,000 for Gold
Wrigley Field: 346 Steel Series Sold - $17,777 for Gold

and so forth. You can see more about the available of those NFTs on:
www.candy.com
and
https://www.bitski.com/candy/

Currently there is 28 hours left for the fourth pack of parks (Kauffman Stadium, Angels Stadium, Oracle Park and Chase Field).

Now what caught my eye is that after fees/taxes you can pick up one of the steel series for around $115 (will vary depending on gas fees), but that many of the steel series are reselling for around .1 ETH ($350~) and some are selling for even more. Last night a Fenway Park sold for .35 ETH ($1225~) so there is definitely some variance based upon how popular the teams are, and I believe there will begin to be more priority going to the parks that sold the fewest during their limited runs. (Such as Tropicana with 151 and Nationals with 171)

Because there is a special NFT that will be available if you have a wallet that contains all 30 NFTs after the world series. Now if you knew about the series from the beginning this would run you $3000 + taxes/fees because you could just buy each NFT as it's released, but now that we're on the 4th pack there is going to be a hard limit on how many of those special NFTs will be claimable based upon the number of Steel Series which sold the fewest which is probably why the cheapest Nationals Park listed for sale is at 0.5 ETH and the only Tropicana for sale is listed at 1.5 ETH.

So currently my plan is to offload these Steel Series at "discounted" rates on the secondary sale market once their open availability ends and keep my eyes open for any from previously closed series that become available to see if they are a good deal based upon the total number minted.

And we'll see how this goes. I'll cash out enough ETH to realize a small gain and keep the rest available to set my sights on more profitable NFT collections if I see more opportunities.

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It should be noted however that NFTs are entirely speculative and I'm aware that the demand for anything and everything in the NFT universe could dry up at a moments notice. I am banking on the fact that (with the exception of the 2nd series) these NFT packs have continued to sell more and more of the steel series NFTs which is probably likely a function of people only finding out about the series for the first time when their own team's NFT becomes available. I believe we'll see spikes in interest on September 6th, 13th, 20th and 27th to correspond with the new packs dropping, which will drive interest in the packs which are no longer available. Spikes in secondary sales do seem to correspond with these release windows. So to me this seems like a gamble worth taking, and that currently, I could be providing bargains to others with secondary sales and still turn a profit pretty quickly.

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Hello ETH and ETH-based coins

Get ready for takeoff

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Wow, I hadn't looked at EVRI in a few months. It's over $22 now! Moonroof, if you had done one of your big plunges on EVRI last spring and held to now, you could probably retire from working.

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I sold half of my Cardano at $3.05. Will buy back in after the probably dip post-9/12.

Extha what's your plan here?

HeroicCrono posted...

Wow, I hadn't looked at EVRI in a few months. It's over $22 now! Moonroof, if you had done one of your big plunges on EVRI last spring and held to now, you could probably retire from working.

Yeah man, this one was crazy. I dont get why or how. Oh well.

Literally had it back at $2.80.

American casinos, and especially the mass-market segment (as opposed to VIPs) have come back much stronger than expected. Macau has not, which is why WYNN and LVS haven't done so great. EVRI is probably the purest play on American mass-market casinos (as opposed to VIPs, who are usually not using the ATMs).

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@Lopen

So uhhhh did you get a class action lawsuit notice in the mail about LK? Apparently any investors from April 2019 to July 2020 might be eligible for a settlement from LK once the court stuff is done. I just made the deadline. Very interesting letter to come home to! Feel bad since that was one of the stocks I doubled my money in and that money should probably go to folks who lost money in it, but uh hey, I'm not saying no to free money should it happen.

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StartTheMachine posted...

@Lopen

So uhhhh did you get a class action lawsuit notice in the mail about LK? Apparently any investors from April 2019 to July 2020 might be eligible for a settlement from LK once the court stuff is done. I just made the deadline. Very interesting letter to come home to! Feel bad since that was one of the stocks I doubled my money in and that money should probably go to folks who lost money in it, but uh hey, I'm not saying no to free money should it happen.

Haven't gotten it yet but probably will. Wouldn't expect much from this, especially as I made money in it.

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I'll be honest, I'm pretty frustrated on the market

What should I buy neon?

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Well I haven't gotten one but my address on file with Robinhood is an address I no longer live at and had no forwarding set up from so I doubt I will

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Buy riot

https://www.luckincoffeesecuritieslitigation.com/

I think this is the website for the class action. There is no settlement yet, it seems. I wouldn't expect to get anything from this kind of suit. Shareholder suits are hard enough against American companies. This is a Cayman Islands company with a contract with a Chinese company.

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On a related note, I find the practices of SPCE management to be possibly shady. Today the FAA temporarily grounded their flights due to an issue with the July 11 flight. Of course the public had no way of knowing anything was wrong from watching the livestream but the insiders must have known. So what did they do? Immediately announce a large share offering. Richard Branson also sold a bunch of his shares.

I'm starting to think that the time to sell SPCE is as soon as they announce good news, because usually a new offering or insider selling comes right after.

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Came back here for the LK class action stuff. Got a letter today.

The language makes sure to say there's technically a legal possibility of "negative" outcomes if I remain part of the class.

I'm assuming there's no practical chance of any real downside to staying in it, right?

turbopuns3 posted...

Came back here for the LK class action stuff. Got a letter today.

The language makes sure to say there's technically a legal possibility of "negative" outcomes if I remain part of the class.

I'm assuming there's no practical chance of any real downside to staying in it, right?

No

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turbopuns3 posted...

Came back here for the LK class action stuff. Got a letter today.

The language makes sure to say there's technically a legal possibility of "negative" outcomes if I remain part of the class.

I'm assuming there's no practical chance of any real downside to staying in it, right?

You could lose your right to sue LK and related defendants outside the class. Unless you're the guy who lost his life savings of 250k by going all-in on LK at the top, I think it's pretty unlikely you'll do worse by being in the class than outside it though.

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Breakout day for MILE. +18%.

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MLB NFT Update:

I just sold 3 out of the 4 NFTs that I purchased this week. I could have held out for larger payouts, but since this is still very much an experiment for me I reduced my prices once I saw some buying activity get started with the collection. My logic is that most people who are buying either found out about the NFTs after they stopped being sold or they are unaware that they were just recently available for 100 USD so I wanted to rush mine to the front of the line while they were still shopping.

For the 4 I paid:
$112.64
$127.16
$126.14
$123.53

for a total investment of $489.47

I sold 3 and received (after AH took their fees):
.0612 ETH
.0612 ETH
.0699 ETH

for a total gain of .1923 ETH

I transferred .190 ETH to my binance account so I could sell it (the transfer fee was .0023 ETH or about $9 at the current price of ETH)

As soon as it arrived I market sold the entire .190 ETH at an ETH price of 3941.19, I received $748.82 and paid about 57 cents in fees on the sale.

I'm sending $500 to my bank account to recoup what I spent for the NFTs.

Which leaves about 250 in profit in my BNB account and still the 4th NFT in my wallet which I'm fairly confident will sell at a higher price than what I let these ones go for.

I'd consider this test a rousing success. There are still more packs of MLB Ballpark NFTs being released over the next 4 weeks. I plan to purchase every park for the 5th and 6th pack at least, and I'll see how things look for the 7th. I doubt I'll participate in the 8th because everyone who is trying to complete a set at that point will have access to the same ability to purchase them for $100 so there won't be any new people who don't have access to the newest set. Now to get the "full completion NFT" you have to have all 30 NFTs in your wallet until the conclusion of the World Series which doesn't start until October 26th, but I just don't see much opportunity for there to be a need for the 7th and 8th sets the same way the rest will.

Granted it's entirely possible these will continue to have a life outside of the demand from people trying to complete sets, but because these are not 1 of 1s I'm not confident enough. I'll take what I can from this experiment and then try to identify other collections that present an opportunity.

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In todays episode of, Complaining when your pot of gold is too heavy, I would like to point out that I had $101k of ETH at $1,810 late June. Sold it all to go onto Bitcoin.