LachiusTZ
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Investing General Discussion
- Thread starter Furious
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Sanrith Descartes
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LachiusTZ
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Well, we all know it's going to crash, at some point, from some point, to some point.
But it might be from 70k to 45k then go to ONE MILLION DOLLARS
I'm bullish on crypto, but if there is a real catalyst for it dropping below 20k, that anyone sees, I'm all ears.
All I see tho, is people predicting it, while crypto is where Tesla was a year ago. Or five years ago. Just entering into conversation, with fanatical support and a feedback loop that can make the Tesla short squeeze look like a joke
Edit:. Soulja go without saying but it's not a knock on you, I'd love to find a reason to sell, be the first out the door, etc. But nobody can ever really point to a specific anything. At least Tesla was making like 500 cars, etc etc etc. BTC has far fewer liabilities imo
But it might be from 70k to 45k then go to ONE MILLION DOLLARS
I'm bullish on crypto, but if there is a real catalyst for it dropping below 20k, that anyone sees, I'm all ears.
All I see tho, is people predicting it, while crypto is where Tesla was a year ago. Or five years ago. Just entering into conversation, with fanatical support and a feedback loop that can make the Tesla short squeeze look like a joke
Edit:. Soulja go without saying but it's not a knock on you, I'd love to find a reason to sell, be the first out the door, etc. But nobody can ever really point to a specific anything. At least Tesla was making like 500 cars, etc etc etc. BTC has far fewer liabilities imo
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Sanrith Descartes
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Finding quality in 2021. One thing I am seeing is the problem Coronachan has created trying to evaluate a company's books. 2020 wreaked havoc on many companies' results and over inflated others. My goal this year is to circle back to high quality on companies I failed to acquire during the crash last year to strengthen sector exposure in areas I am light on. I also might reacquire some that I sold for profit last year.
Companies I an eyeing:
HD - I like it between $250 and $255
AMGN - I like it in the $210 - $220 range
KO - I wrote puts at $50 strike
GD - I like it in the $135 - $138 range
RTX - I like it around $60 - $63
I would also like to add something in the Financial/Fintech space but havent found anything yet.
Companies I an eyeing:
HD - I like it between $250 and $255
AMGN - I like it in the $210 - $220 range
KO - I wrote puts at $50 strike
GD - I like it in the $135 - $138 range
RTX - I like it around $60 - $63
I would also like to add something in the Financial/Fintech space but havent found anything yet.
Khane
Got something right about marriage
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I don't think anyone has thought of BTC as currency for a long while now. It's a digital commodity.
LachiusTZ
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Sanrith Descartes
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Its funny how writing cash covered puts on QQQ will put a serious hurt on your "cash available to trade" balance.
Khane
Got something right about marriage
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Sanrith Descartes
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Yeah BTWN has been sinking. I am waiting for a new entry to get back in. I wish options were enabled on it.
Sanrith Descartes
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I sold out of BABA with like a 1% gain. Jack Ma being MIA added risk I didnt like. I might end up regretting this in the long term, but all the shit surrounding BABA finally exceeded my risk level.
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Sanrith Descartes
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I guess everyone locked in their 2020 short term gains yesterday so we are back to being green. To the mooooon!!!!
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I sold a couple of duds that weren’t moving at parity yesterday (think I gained like $5 on one and lost $17 on another or something.)
Gonna be interesting to see how the elections affect things. People are banking if dems win some weed SPACs will rise nicely.
In my “fun money” I’m at 500 shares of GHIV, 200 RPLA, and 200 SOAC.
Sanrith Descartes
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I made some very nice money on SPACS last year, but I am getting wary of going back to the well too many times. I am gonna take what I learned trading them last year and be even more picky about any I drop some cash on. I am still holding a chunky position in PSTH and PSTHWS and that is my only SPAC holding as of now. Now that we made it to the other side of Coronachan, its time to find the big cap players who came out stronger on this side of it.
Sanrith Descartes
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Sanrith Descartes
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