Bitcoin $29,919….down faster than a perma bear can snap their fingers….
😷wear a mask to cover the stench….
Not exactly sure how to verify this, but Michael Burry said months ago that there is a totally unsustainable amount of leverage in crypto, something like 100:1 in some cases, and that he expected it to tank. Part of me wants to buy in, but I also see it as a total gamble no matter what the price. Definitely not something any value investor should touch with anything they're not prepared to lose.
Bitcoin back above $31k. I think it is safe to lose more money.
If any of y'all remember, I was the one who was talking about "shoeshine" indicators back in October, where I was watching all these average joes I work with bragging about how much money they were making in stocks. And recommending speculative IPOs to me. Anyway, I sold some things in Dec/early Jan, but I wish had sold more of my AMZN. Hindsight at 20-20....
Yeah, I sold a little back late last year when it seemed that it just wasn't keeping step with the broader market, but it didn't amount to more than a few percent of my holdings of it.
Good for you for unloading some. The thing is, though, there's always a level of remorse - feeling you should have done more, or end up feeling you sold at the wrong time...
I'm up 60% on avg. overall on that one, so I'm holding for the long haul,
El Salvador is frittering away its treasury on BTC. Say what you want about the problems with having 80 year old leaders in the US....they aren't going to buy magical internet money with public money.
(the president of El Salvador) has doubled down on his Bitcoin bet as its price lost 25% in recent days, trading close to $30,000 on Tuesday after changing hands around $40,000 last week. “El Salvador just bought the dip!” he said on Twitter late Monday, revealing a purchase of 500 Bitcoin at an average price of $30,744.
El Salvador is frittering away its treasury on BTC. Say what you want about the problems with having 80 year old leaders in the US....they aren't going to buy magical internet money with public money.
(the president of El Salvador) has doubled down on his Bitcoin bet as its price lost 25% in recent days, trading close to $30,000 on Tuesday after changing hands around $40,000 last week. “El Salvador just bought the dip!” he said on Twitter late Monday, revealing a purchase of 500 Bitcoin at an average price of $30,744.
Lol the Igy stock EMD, he would highlight it every time it went up 0.05%. It has tanked. It has negative EPS! Investing genius!
I have added to my position on down days. I am down 2.5% including dividend reinvestment. 😹I bought yesterday at $9.32 and have a buy limit order today at $9.35.
Lol the Igy stock EMD, he would highlight it every time it went up 0.05%. It has tanked. It has negative EPS! Investing genius!
I have added to my position on down days. I am down 2.5% including dividend reinvestment. 😹I bought yesterday at $9.32 and have a buy limit order today at $9.35.
I just ran the numbers down 2.02%, which is far better than most investments in the current market. The 11% distribution and 13% discount to NAV make it a very attractive investment. Of course it can still go lower, which in that case I will add moderately to the position.
LoL I see so many of those $2,000 laundry racks for sale on FB marketplace "barely used". Home fitness equipment will always be for suckers. Put a screen on one and people will pay thousands, so dumb. You can buy a $100 bike trainer and put a road bike on it for the same workout.
LoL I see so many of those $2,000 laundry racks for sale on FB marketplace "barely used". Home fitness equipment will always be for suckers. Put a screen on one and people will pay thousands, so dumb. You can buy a $100 bike trainer and put a road bike on it for the same workout.
to be fair, it's the social side of peloton that made it work, not the hardware. You aren't just sitting on a bike in the basement, you are working out with a crew and a charismatic good looking leader.
serious runners are fine runnign by themselves...most people aren't and being in a social network helps get them on the bike.
LoL I see so many of those $2,000 laundry racks for sale on FB marketplace "barely used". Home fitness equipment will always be for suckers. Put a screen on one and people will pay thousands, so dumb. You can buy a $100 bike trainer and put a road bike on it for the same workout.
Come on ladies and gentlemen. 😓 😅 😥 You’re doing great! 😓 😅 😥
All eight indexes on our world watch list posted losses through May 9, 2022. The top performer is London's FTSE 100 with a YTD loss of 2.27%. India's BSE SENSEX is in second with a loss of 6.49%, and Tokyo's Nikkei 225 is in third with a loss of 8.59%. Coming in last is Germany's DAXK with a loss of 17.68% YTD.
looks like a very large head may be rolling...Tiger Global has enormous losses and might be one of the hedge funds in liquidation mode, driving down markets.
In an ideal investment world, these hedge funds blowing up are responsible for the sharp relentless carnage, because that will end, and in theory we have the opportunity to pick up assets at fire sale prices.
Tiger Global. This is the end. You cannot lose 2/3 of your total gains for LPs over 20+ yrs in a matter of months and come out of it.
LoL I see so many of those $2,000 laundry racks for sale on FB marketplace "barely used". Home fitness equipment will always be for suckers. Put a screen on one and people will pay thousands, so dumb. You can buy a $100 bike trainer and put a road bike on it for the same workout.
to be fair, it's the social side of peloton that made it work, not the hardware. You aren't just sitting on a bike in the basement, you are working out with a crew and a charismatic good looking leader.
serious runners are fine runnign by themselves...most people aren't and being in a social network helps get them on the bike.
Can't they just get a $200 bike trainer and go on Zoom, YouTube or Google Hangouts for free then?
I have added to my position on down days. I am down 2.5% including dividend reinvestment. 😹I bought yesterday at $9.32 and have a buy limit order today at $9.35.
I just ran the numbers down 2.02%, which is far better than most investments in the current market. The 11% distribution and 13% discount to NAV make it a very attractive investment. Of course it can still go lower, which in that case I will add moderately to the position.
LOL and how will they maintain their future payouts with a negative EPS?