The Rokslide Stock Traders Thread

[MountainTracker]

Reitar Logitech (RITR) announced they will be buying $1.5 b worth of btc.

RITR is up 9% today. Word is they have a lot of debit. I know nothing about them. Companies could make the move to buy to pump stock…

There is concern that during a crypto winter these heavy debit holders will dump btc. Have already seen that with the etfs, a whisper of any bad news and ETFs sell off, only to rebuy often at higher levels.


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[colelivaditis]

Best bet is to continue DCA'ing this market. Dollar cost average.

 

[Pharmseller]

NVDA was up nicely. PLTR was up also.




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[Beendare]

I'm going to plop this here;

The global Smart Robots Market is projected to be valued at USD 33.83 billion in 2024 and reach USD 135.83 billion by 2034, growing at a CAGR of 26.5% according to a new report by The Research Insights. The market for smart robots is driven by the integration of AI and advanced sensor technologies into new applications. The market expanded globally through organizational demands for productivity and safety improvements while the combination of cognitive systems and sensor technology enhanced their utility and accelerated adoption for global smart robot market

Marc Andresson predicts it will be the next big thing.

I'm a huge MA fan, one of the smartest guys around.

 

[CorbLand]

With more and more companies purchasing Bitcoin, anyone think it may cause a “BTC crash” like we saw with the Dotcom Crash? I wonder how many companies are going to be over valued simply because they bought Bitcoin.

 

[stevewes2004]

With more and more companies purchasing Bitcoin, anyone think it may cause a “BTC crash” like we saw with the Dotcom Crash? I wonder how many companies are going to be over valued simply because they bought Bitcoin.

Doubtful. Bitcoin is quickly being adopted by companies, institutions, and governments which will make it more stable and less likely to suffer from the large drawdowns in the past.

Just my opinion, of course.


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[CorbLand]

Doubtful. Bitcoin is quickly being adopted by companies, institutions, and governments which will make it more stable and less likely to suffer from the large drawdowns in the past.

Just my opinion, of course.


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I dont so much worry about a BTC decline causing it. I am more worried that the money flowing into these companies that announce it is overvaluing them, even with the BTC holdings.

One of the key causes of the dotcom crash was all a company had to do was change their name or indicate that somehow they were associated with the internet and money flew there. Once that stopped, the crash started. (Other factors also happened)

The similarity to me is a company announces that they are going to purchase BTC and the stock price increases overnight. Just seems like a ton of money flowing to companies that may or may not support the increase/valuation.

I was too young to remember the dotcom crash, so mostly interested in people that remember it and if they feel like there is similarities.

 

[stevewes2004]

I dont so much worry about a BTC decline causing it. I am more worried that the money flowing into these companies that announce it is overvaluing them, even with the BTC holdings.

One of the key causes of the dotcom crash was all a company had to do was change their name or indicate that somehow they were associated with the internet and money flew there. Once that stopped, the crash started. (Other factors also happened)

The similarity to me is a company announces that they are going to purchase BTC and the stock price increases overnight. Just seems like a ton of money flowing to companies that may or may not support the increase.

I was too young to remember the dotcom crash, so mostly interested in people that remember it and if they feel like there is similarities.

Ok I get your point. I still don’t think it’s something to worry with. BTC is a hard asset that, with new FASB rules, can be counted on a company’s balance sheet.

Time will tell!


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[go_deep]

With more and more companies purchasing Bitcoin, anyone think it may cause a “BTC crash” like we saw with the Dotcom Crash? I wonder how many companies are going to be over valued simply because they bought Bitcoin.

Validity to the thought, and I've had the exact same thoughts. Not everyone is going down, but likely more than most would prefer.

 

[WoodDuck]

With more and more companies purchasing Bitcoin, anyone think it may cause a “BTC crash” like we saw with the Dotcom Crash? I wonder how many companies are going to be over valued simply because they bought Bitcoin.

Full disclosure the thoughts below are mostly regurgitated information from various sources.

The companies adding Bitcoin to their balance sheet in lieu of cash do not pose much of a risk. There may be fluctuations in share price upon announcement of the move and further down the road linked to BTC price increase/decrease, but for the most part BTC will represent a small portion of the company’s overall value. It has significant upside potential compared to cash and is extremely liquid, though it does carry some risk.

The companies taking on debt to acquire BTC are a different story. If that debt isn’t structured well to handle market drawdowns they may be forced to liquidate. This could cause a chain reaction resulting in a significant drop in BTC price and the proverbial “bubble” popping. However, will that 50% drawdown be from 100k to 50k? 200k to 100k? 500k to 250k? Nobody knows.

Regardless, with the runaway national debt and nonstop printing of fiat, it’s probably a good idea to have some exposure to BTC.

 

[scottbot]

GOOG so undervalued, picked up UNH at $296 average and holding PLTR from $23.

 

[eddielasvegas]

GOOG so undervalued, picked up UNH at $296 average and holding PLTR from $23.

I think GOOG has some forced Chrome divestiture priced in.

I think UNH is an excellent buy at this price if your time horizon is 3+ years. I still might buy some, but I just can't get past that they are the poster child for deny, delay and defend. But wait, this is money we're talking about so nevermind. I'm in, baby.


Eddie

 

[MountainTracker]

I dont so much worry about a BTC decline causing it. I am more worried that the money flowing into these companies that announce it is overvaluing them, even with the BTC holdings.

One of the key causes of the dotcom crash was all a company had to do was change their name or indicate that somehow they were associated with the internet and money flew there. Once that stopped, the crash started. (Other factors also happened)

The similarity to me is a company announces that they are going to purchase BTC and the stock price increases overnight. Just seems like a ton of money flowing to companies that may or may not support the increase/valuation.

I was too young to remember the dotcom crash, so mostly interested in people that remember it and if they feel like there is similarities.

There are companies buying btc to get the stock price pump, I think this will continue and only pick up speed. I do think the returns on the stock price pump will start to diminish for many of the late comers.

I was posting all the new funds, buyers from around the world, but there are so many happening daily that I can’t keep up and I don’t think it would change minds much.

If the less stable companies looking for a pump by adding btc sell I do think we would see a dip, but i also believe we’d see a correction as those companies, countries, people who have been waiting gobble it up. Something to think about MSTR has bought enough btc this year to equal the next three years of production, and that’s not even taking into account the halving during the next three years. That’s just one buyer. I mean even California is proposing to allow state workers to be paid in btc, something that I never thought would be a thing there.

The debt system we have been living in is dying, people will start looking for other alternatives. There’s a good chance we see btc backed bonds in the near future…..


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[HuntHarder]

I asked ChatGPT about XRP. They do not have a good outlook on it. I am basing all my new trading decisions on ChatGPT. J/k kind of

 

[signing off]

MSTY announced dividend of $1.47/share

 

[Beendare]

Man that Bitcoin sure has the feel of a game of musical chairs....or the greater fool theory. Admittedly, I don't get it....thankfully there are many different avenues to investing and I will stick with tech stocks.

 

[SWFLhntr]

MSTY announced dividend of $1.47/share

I'll take it. Reinvest. Onward!

 

[Pharmseller]

NVDA was up nicely. PLTR was up also.




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Ouch.


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[Poser]

holding PLTR from $23.

yeah, same. I bought PLTR at $23.26. I'm growing increasingly concerned about the ethical nature of this company, however, in relation to the gov't contract they have apparently landed to create a centralized "database of Americans" by merging information from various federal agencies.

 

[eddielasvegas]

MSTY announced dividend of $1.47/share

Here's something to chew on. Prior to today, this SITE listed the $1.47 DIV at $2.25-$2.47. Needless to say they were off list a wee bit.

I hope this does not carry forward to July or it's going to be a miniscule DIV.


Eddie