Id suggest no one takes investment advice from me.
I may have been a little overexcited again.
Last night I executed 22 "sell" orders, leaving only two stocks/funds in my portfolio. Too many market indicators are negative, and in 16 days both Mrs PC and I will be retired. I got scared!
These:
- Increasing likelihood of rising inflation
- Latest surge of Covid/Delta will continue hurting global economic recovery
- Continuing disruption of supply chains
- Sudden rise in bond yields
- Indications that the U S. Fed will be tightening its interest policy
- Prospect of heightening domestic terror activities
- U.S. debt ceiling problem and its impact on meeting debt obligations
- Biden's quandary in getting key funding legislation passed
Other than that, I'm an optimist!
Bloomberg:
Biden Warning Ratchets Up Jitters: Debt Ceiling Anxiety
https://www.bloomberg.com/news/artic...e?srnd=premium
McConnell Tells Biden GOP Wont Cooperate on Debt Limit
By Laura Litvan
October 4, 2021, 8:03 AM PDT Updated on October 4, 2021, 8:34 AM PDT
Senate Republican leader Mitch McConnell told President Joe Biden he should pressure Democratic leaders in Congress to go ahead and raise the debt limit on their own because the GOP wont cooperate.
In a letter to Biden Monday, McConnell demanded that the president engage directly with congressional Democrats on this matter and said Republicans will not be changing their position.
LIVE ON BL
- - - Updated - - -
Says YOU!
A year ago Shell shares were 953p, today they closed at 1707p .
Is this called completely missing the boat?
Or still worth a punt?
citizens bank locations
I see that bitcoin has gone up a lot over the past weeks, that and the long-awaited US listing must be creating the best of times for Argo investors?
How's it going?
Someone who lies about the little things will lie about the big things too.
Nah, I get those off the shelf.
It has occurred to me on occasion that it might be amusing/instructive to do a comparative correlation chart of all the main quoted miners against the bitcoin price, eg HUT, RIOT, MARA, HIVE etc. (Not forgetting ARB of course.)
Peter Wall, right? Don't tell me, you've got a charity wager going with him as well.
Someone who lies about the little things will lie about the big things too.
That is some seriously impressive software. Not to mention the demonstrated ability to deploy it. (Do they do a version for the Raspberry Pi?)
Thanks for that Raffe. The results definitely appear to merit closer inspection.
The really interesting numbers are when you compare all the miners fundamentals. Their MCaps differ wildly when all things are considered including their hashrates, BTC/crypto holding values, debt, mining efficiency, assets on balance sheet, investments on balance sheet and other things.
When all those things are included in the valuations, it shows that some miners are hugely over valued and others are hugely under valued.
It's TradingView.
Those strange patterns are because I picked BTC as the starting point. As that one trades 24/7, it puts all the other instruments on 24/7 as well which doesn't make sense as they are closed for trading most of the time.
As an example, here is the same 3-month chart with RIOT as the 'pacemaker' and BTC as one of the comparison instruments. Much smoother for above reasons. Seems to be a data error in Argo on 29 July, the minor UK listings simply have shite coverage on the US charting tools because nobody ever trades them.
- - - Updated - - -
No matter how you twist it, they are all hugely overvalued.
Someone who lies about the little things will lie about the big things too.
I simply can't help myself, dipping my toes into short Tesla again here at $817.
Been trying to be less emotional about TSLA recently (basically made some money on longs and lost some (more) money on shorts in last months), but this POS is still the bubble of the century.
Someone who lies about the little things will lie about the big things too.
The question is what will pop the TSLA bubble? There is no doubt that electric cars will be the future but the mainstream oil burning brands have to react to that in due course; does TSLA have any defendable IP that will allow them to own a huge chunk of the car future as their market cap demands? I just can't see them getting the vehicle volumes to match the valuation.
I think the FSD scam will pop the bubble. I am pretty sure they will have to officially recall FSD within the next two weeks and there will be tens of thousands of client who will sue to get their $10k back. This, combined with further market share losses to GM, Ford and VW will fuel the decline.
Target: sub-$100.
Someone who lies about the little things will lie about the big things too.
Because they reprogrammed their firmware so they can use non-auto chips. This will lead to a huge wave of failures in the coming months, no other auto maker would ever dream of using non-auto graded chips in any of their vehicles.
* no compromises is also not true: Tesla removed some functionality because the related chips are not available, amongst it lumbar support in their seats.
Last edited by Raffe; 14th October 2021 at 17:45.
Someone who lies about the little things will lie about the big things too.
Someone who lies about the little things will lie about the big things too.
Since mid July, bitcoin has doubled its value from sub-$30k to $60k.
Suppose that was the trade of the century for leveraged investors, like those owning MicroTragedy shares? There must be double upside to compensate for the fact that the company will go bust if BTC ever dips below $20K, right?
Someone who lies about the little things will lie about the big things too.
Yawn as much as you like, anyone investing into this pile of garbage needs their head examined. A psycho CEO who leverages every Dollar and dime in the company into a single binary bet on bitcoin is not what becomes a listed company. Investors seem to have recognised that, as the premium has disappeared.
FYI, during the past 3 months bitcoin has returned 100%, while MSTR has less than 50%. It was supposed to be the other way around, because of the huge leverage.
Someone who lies about the little things will lie about the big things too.
Admire the persistence but like I said earlier this year, you're doing more harm with your constant FUD in this space - both to you (played by the general media/hype), and others that might have heeded your posts and stayed away (opportunity cost). Good luck with your day trading, but I've certainly taken whatever you post with a huge dollop of caution, and mostly done opposite.
Sent from my EVR-L29 using Tapatalk
Hope you managed to make some money on the underlying longs then, because you must have lost big time with fading me.
Someone who lies about the little things will lie about the big things too.
Good old Miles to the Argo rescue!
Should give it a bit of a kick up the ass.
https://twitter.com/mylesmcnulty/sta...538280448?s=21
Not entirely relevant to the discussion, but in the past 2-3 months the number of Tesla's I've seen on the road has rocketed
This is rural Northern Ireland btw
What's going on with the TSLA SP?
Our resident expert is certain they should be on the fast train to $100 but they keep going up and up!!??
I must say, their current SP seems totally bonkers.
What's causing the latest pump?
Ok BTC is back near ATH but ARB is still languishing at some 35% of previous ATH. Where can ARB investors get a refund?
#askingforafriend
peter dot wall at argoblockchain dot com. You're welcome.
Peter Wall
CEO
Peter was a member of the management team that founded Argo and has been responsible for day-to-day operations since the company launched.
Hes passionate about how blockchain and cryptocurrencies can impact peoples everyday lives. Known as a guy who gets things done, Peters varied career includes work as a technology entrepreneur, journalist, and filmmaker. He lives in Ottawa, Canada.
Someone who lies about the little things will lie about the big things too.
Covered my short TSLA before the Q3 results yesterday at $863, then bought $900/$950 call spreads and $820/$770 put spreads - only the put spread order never went through because I did a mistake.
Kicked myself all night and morning when TSLA was trading at $850s, thinking I screwed up my trade badly.
But then, magically the stock jumped almost $50 within minutes of its opening and I have sold half of my calls for a 100% gain and sitting on the rest. Actually looking for a new attempt at all-time high (top of day so far $0.40 below high from January) and will sell rest of calls and go short again.
Crazy times.
Someone who lies about the little things will lie about the big things too.