elkyinzer
WKR
Re TNSP, It was pumped hard, I profited about $10k when I closed out yesterday. Not bad at all, but I was up 30-some at one point last week and got greedy.
I plan to start buying back in at $.50. I think we'll see a cycle of P&Ds here.
I'm at this point 50/50 whether it's a scammy P&D or legit company. The C suite really doesn't give me the warm and fuzzies. Maybe they are building a worldbeater, but if you dig into them on linkedin it's a bunch of career middle-managers with some even cloudier histories mixed in. It's definitely a buzzy idea though, and who knows, it may be legit.
Regardless, it's kind of insane the value it's at even now. They may have a great idea, have a lot of tech infrastructure built out, but at this point still pre-revenue. That's the characteristics of a seed-round capital startup. You're typically looking high potential companies in that stage being valued in the single-digit millions. At $1 on the market, the TSNP market cap is $5 billion. Now market cap and valuation aren't perfect apples to apples, but its's not a 500x difference either. That's insane! Just where the market is at, like I say, we're trading digital assets now, company baseball cards. Nothing intrinsically tied to their valuation. If we ever have a correction back toward fundamentals, we are in for one hell of a kick in the nuts.
I plan to start buying back in at $.50. I think we'll see a cycle of P&Ds here.
I'm at this point 50/50 whether it's a scammy P&D or legit company. The C suite really doesn't give me the warm and fuzzies. Maybe they are building a worldbeater, but if you dig into them on linkedin it's a bunch of career middle-managers with some even cloudier histories mixed in. It's definitely a buzzy idea though, and who knows, it may be legit.
Regardless, it's kind of insane the value it's at even now. They may have a great idea, have a lot of tech infrastructure built out, but at this point still pre-revenue. That's the characteristics of a seed-round capital startup. You're typically looking high potential companies in that stage being valued in the single-digit millions. At $1 on the market, the TSNP market cap is $5 billion. Now market cap and valuation aren't perfect apples to apples, but its's not a 500x difference either. That's insane! Just where the market is at, like I say, we're trading digital assets now, company baseball cards. Nothing intrinsically tied to their valuation. If we ever have a correction back toward fundamentals, we are in for one hell of a kick in the nuts.
