The Rokslide Stock Traders Thread

[stevewes2004]

So conceptually, KULR's stock price is now tied at the hip to BTC's right? Now that they publicly just made the big announcement about their BTC "treasury" and the fact they just spent 7 times more on BTC than their quarterly revenue?

I wouldn’t say joined at the hip like MSTR, but it will affect their net income due to the new FASB rules.


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[Crowmangler]

So conceptually, KULR's stock price is now tied at the hip to BTC's right? Now that they publicly just made the big announcement about their BTC "treasury" and the fact they just spent 7 times more on BTC than their quarterly revenue?

That's kinda the way I saw it too. Not a very good decision IMO. Why would you decide to hang your company's fate on something you have absolutely zero control of (up or down) and trades 24/7 globally? At least with MSTR, they're balls deep tied to BTC good or bad. But what do I know? I'm just a caveman.

 

[go_deep]

So conceptually, KULR's stock price is now tied at the hip to BTC's right? Now that they publicly just made the big announcement about their BTC "treasury" and the fact they just spent 7 times more on BTC than their quarterly revenue?

In the moment it looks like that.
We use large scale battery backup and power systems, 100's across all our buildings to the tune of $10k to several $100k per site. KULR battery tech has the real potential to make serious money.
Redundant power, backup power, power containment, power storage have all become a necessity, and if they continue to develop and produce, they'll be extremely profitable.
Thermal run away tech, even their safe case I believe was the first of it's kind.

I'm not talking anyone into or out of buying or believing in the company, but when you look at the tech they've developed, and where they're going, I think there's a chance there real and here to stay.

 

[fmyth]

That's kinda the way I saw it too. Not a very good decision IMO. Why would you decide to hang your company's fate on something you have absolutely zero control of (up or down) and trades 24/7 globally? At least with MSTR, they're balls deep tied to BTC good or bad. But what do I know? I'm just a caveman.

According to the press release they used 90% of their excess cash to purchase the BTC. What do you think would have been a better use of the cash? They could have purchased treasury bonds that pay % 4.59, bought back their own stock or paid a dividend to the shareholders. None of those three other options would increase the companies valuation over time. Letting 21M sit in the bank while the Fed is increasing the money supply is a losing proposition. It would appear that they have a very strong opinion that BTC will appreciate more than anything else they could purchase with their excess capital. If they buy another 800 BTC they might qualify to be included in one of the new ETF's like the newly announced Bitwise fund.

"Exchange-traded fund (ETF) issuer Bitwise has filed for an ETF that would include businesses holding very large amounts of Bitcoin (BTC-USD)"

 

[Historybuff]

I'm a bitcoin bull so take my opinion how you want. But I wouldn't touch a stock if the company didn't buy and hold bitcoin. A new age is upon us and things are lining up for some crazy bitcoin numbers. There is no top really.

 

[Crowmangler]

According to the press release they used 90% of their excess cash to purchase the BTC. What do you think would have been a better use of the cash? They could have purchased treasury bonds that pay % 4.59, bought back their own stock or paid a dividend to the shareholders. None of those three other options would increase the companies valuation over time. Letting 21M sit in the bank while the Fed is increasing the money supply is a losing proposition. It would appear that they have a very strong opinion that BTC will appreciate more than anything else they could purchase with their excess capital. If they buy another 800 BTC they might qualify to be included in one of the new ETF's like the newly announced Bitwise fund.

"Exchange-traded fund (ETF) issuer Bitwise has filed for an ETF that would include businesses holding very large amounts of Bitcoin (BTC-USD)"

Like I said, I'm just a caveman... maybe an old caveman that's too conservative. But as someone who has worked for & currently own a small business, I probably wouldn't hang that much risk on something I had worked decades for and had families depending on. But that's what's great about capitalism, to the victor go the spoils. I hope it work out great for everyone. And maybe I'm just a little jaded that I didn't buy it back when I started following it when it was $0.22 lol

 

[fmyth]

Like I said, I'm just a caveman... maybe an old caveman that's too conservative. But as someone who has worked for & currently own a small business, I probably wouldn't hang that much risk on something I had worked decades for and had families depending on. But that's what's great about capitalism, to the victor go the spoils. I hope it work out great for everyone. And maybe I'm just a little jaded that I didn't buy it back when I started following it when it was $0.22 lol

I get it. I've been self employed for most of my life and have worked hard and made many sacrifices to fund my retirement account. I'd never heard of this stock until they announced their plan to purchase BTC. I don't own any KULR's stock but I am a BTC investor.

 

[Clarktar]

Lots of missed gains this December in the quantum computing stocks. Will keep my eye on some of those moving forward.

 

[HuntHarder]

Lots of missed gains this December in the quantum computing stocks. Will keep my eye on some of those moving forward.

I too am looking at that field. Do you have any stocks or funds that you are looking at?

 

[Clarktar]

I too am looking at that field. Do you have any stocks or funds that you are looking at?

Nothing beyond the hyped up names so far.

There is one stock AMPG that seems interesting. They have some products that function at really low temperatures that are apparently a necessary component to quantum computing.

 

[MTbowhunter36]

I too am looking at that field. Do you have any stocks or funds that you are looking at?

Currently own QBTS. Bought it at $3.02, and it's been on a good run. Thankfully, I made my money back from a poor investment in KRBN.

Two others are IONQ and RGTI, which have also been doing well lately.

In addition to quantum computing, I'm also looking at CLSK, which is a crypto mining company. I honestly don't know much about them yet. Keeping an eye on them, though.

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[MountainTracker]

Currently own QBTS. Bought it at $3.02, and it's been on a good run. Thankfully, I made my money back from a poor investment in KRBN.

Two others are IONQ and RGTI, which have also been doing well lately.

In addition to quantum computing, I'm also looking at CLSK, which is a crypto mining company. I honestly don't know much about them yet. Keeping an eye on them, though.

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I own CLSK, there’s a number of BTC mining companies. It’s a cutthroat business, there’s a number of things that these companies rely on, mining rig efficiency/age and how they are purchasing new rigs debt/issuing new shares/ selling btc, cost of power is another metric all btc miners take into consideration, and then the price of btc.


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