Supernovice
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Posts posted by Supernovice
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wow, what a gut punch. I feel terribly for his parents and loved ones. He will certainly be missed.
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On 5/21/2021 at 3:46 PM, Supernovice said:
seems appropriate on a day like today:
Evergreen.
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seems appropriate on a day like today:
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11 minutes ago, WinterWolf said:
Absolutely Agreed.
As soon as somebody starts bumping and starts challenging the BS agenda, and the BS forecasts, he pulls the fradycat card and starts the sissy stuff...just like clockwork.
It’s all a foolish game he plays...then when others play back, he starts with the creepy stuff.
Good Post Ken.
He threatened to call the cops on me like a month or two ago. Lol.
I wouldn’t sweat it. trolls gunna troll.
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2 minutes ago, HIPPYVALLEY said:
So exactly like I said- next to none...20? and how much AUM dedicated to cryptos? I'm not trying to pick a fight here. I just know this space extremely extremely well.
My pt was...there is not institutional money here as a backstop to stop this slide.
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10 minutes ago, HIPPYVALLEY said:
BTC could do a 50% Fibonaci retrace which would get us down 31K to 32K area. During down times the market does what bitcoin does.
I was watching a video last night and the guy was talking about the Bitcoin and Ethereum outflows. The institutions are doing some selling but it’s more the retail investors panicking and giving the whales cheap crypto.
There is very very very little institutional money in crypto. Like next to none.
just checking in and saw the sell off accelerating as we near the open. Has me thinking...maybe I should finally complete the KYC process so I can buy some of this crap in the next 24-48 hours.
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Positive Spin- the amount of crypto talk in general public discourse is about to nose dive.
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15 minutes ago, TauntonBlizzard2013 said:
What the hell is 12% “slippage”
Difference between the expected price of a trade and what you are actually able to execute at.
12% is outrageous.
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1 minute ago, PhineasC said:
??
It's a great day for that crowd. The restrictions are going away long before we reach the silly threshold targets for case counts and percent vaxxed the "experts" said were required. There is no sign of vax passports either.
The anti-mask/anti-vax crowd won out. LOL what a misread, dude.
ya ok- we'll see.
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3 minutes ago, DotRat_Wx said:
So, what will be the next annoying talking point? Masks are done. Shutdowns are over. The economy is open. The pipeline is running. Inflation is transitory.
I know the conspiracy fantasy factory is hard at work. We could go back to making fun of millennials
Tough day for the anti-vax, anti-mask crowd.
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11 minutes ago, DavisStraight said:
Just put gambling money in and look at it like gambling so if you lose it it's no big deal. I bet that guy that was a million up in Doge isn't sleeping well, he's holding out for ten million, greed kills.
I mean I guess some of it is yolo $$. But I fear most isn’t. In January you had chamath and even like portnoy telling people to stick it to the hedge funds and buy amc, bb, gme etc. How’d that work out for most of those people following- not great. There’s a similar cultish feel to crypto where by holding it you’re making some sort of statement. So ya I imagine the pain/ vol cuts across all sorts of socioeconomic levels and isn’t viewed as gambling by most. Tho it should be.
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41 minutes ago, Hoth said:
Lol, especially now that Elon has managed to crash everything.
I was behind facetious...but seriously how do people pedaling crypto as a way forward sleep at night after seeing the price action today/tonight. I don’t agree with Phin much, but he’s right...don’t believe anything anyone says publicly...especially hedge fund managers and apparently as in this case, snake oil salesmen as well.
i think it’s much more about ESG and qualification for those indexes...big money there and if Tesla was excluded...yikes. Especially for that house of cards.
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Let’s get back on topic...BTC and really the whole crypto complex- knifing at the moment down 10-20%. We had the inflation print this am...followed by this. So what exactly is the thesis and don’t say ‘blockchain’. I can’t buy things with it, it’s not a hedge against inflation, and regression to the S&P isn’t compelling enough to be viewed as an uncorrelated asset.
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I know you’re a technical analysis guy... been watching a theme last 5 days of individual names getting knifed below support and immediately ripped higher. Then it happened to me today- had a stop well below what I deemed to be very good support (was looking for a retest and then breakout but had a meeting and couldn’t watch it). It ripped lower breaking two levels and then 10 ticks later up 5 levels. You seeing anything thematically similar?
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3 hours ago, ORH_wxman said:
There was a joke at Cornell that the "Hotel-ies" (as they were called) were the dumbest kids there but would be making the most money once graduated. One kid I know a couple doors down from freshmen year was hired as a manager at Four Seasons right out of school....nice gig for a 22-23 year old.
How do you know someone went to Cornell?
They tell you.I’ll be here all week, tip your waitress.
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Just now, powderfreak said:
If that's towards me, and it must be (?), then I think I must be not saying it correctly. Is that what people read from my posts?
I'm not having a philosophical discussion. I'm not trying to pass judgment or an opinion on the situation. My wife and I both lead a large staff trying to satisfy high-end income earners. It is rough when you don't have the staff to do that. I sure as hell don't own a business but I bet it would suck to own a business in demand and not be able to staff it. What's the answer there? How do you make it appealing for people to work for you so you can meet demand? Shame them? Pay them, offer benefits?
Skilled or unskilled, doesn't matter. You need to get people to work who don't want to work for you... what do you do?
We might be witnessing the biggest labor reorganization in history. All by way of ‘closed for the day’ signs in fast food restaurant windows. The ramifications will be fascinating to watch.
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7 minutes ago, STILL N OF PIKE said:
My evergreen response to anyone that ever says anything about ‘the fed’ courtesy of the latest Tyro quarterly
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14 minutes ago, HIPPYVALLEY said:
Oh I know. Taken as a whole it is mostly ridiculous. I'm cautious and won't ever get rich from it. I had studied cryptos out of fascination when I had some free time a few years ago. Should have jumped into the projects I liked then but was broke and unsure. Even though I had very little disposable income I jumped in right before the current frenzy because I had an educated feeling about what was coming.
I have some stocks but only get slow gains because I don't currently have enough time or energy to put in the due diligence research. Folks like you and N of Pike and others have great advice and hopefully people appreciate that. I've learned some trading strategies but it's a lot of time and energy to do it right, so I just have a few modest long term holds.
You are correct though, the stock market is, for the most part, a much safer place if you put some effort in. I have missed some big stock opportunities because I lacked confidence in my research. I've learned a lot though and it has helped me make good choices in the crypto market, just need to time my exit well before the peak and be happy with my gains.
Can you explain to me the actual transactions taking place? And if you buy on RH is it the same or is it different than a regular crypto exchange?
I understand it as: USD->ETH->DOGE (or whatever) and out is likewise DOGE->ETH-> USD. Is that really what happens when you transact?
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1 hour ago, HIPPYVALLEY said:
If you want to do your homework with crypto‘s then there’s plenty of opportunities that don’t involve as much risk as chasing a shit coin.
In a mostly red day five out of six of my holdings are green candles and some of them double digit on the day.
That wasn’t directed at you- more the entire sh*tcoin movement. I know from your posts your not just blindly throwing cash at stuff.
but even beyond the sh*itcoins, I still don’t see a utility for crypto- like at all.
i just don’t get the appeal other than the returns obviously. I seriously hope all you guys get fabulously wealthy off of this. Like FU money rich. Just know when to take ur profits and run, scale in and scale out.
My pt was there many other ‘easier’ ways to make $$ in the market lately.
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There's been plenty of fun to be had just in small caps this past week...forget sh*tcoins
OCGN, PIXY, PRPO UXIN....was able to bag +20% on all of these. you guys chasing coins are doing it wrong.
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3 hours ago, Typhoon Tip said:
It's called a mattress ...
Ya don’t do this...please. Unless you’re 80.
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36 minutes ago, PhineasC said:
I am sitting outside at my place in DE and I am getting freaking coated in tree splooge. It's literally raining down on me as the trees have sex all around me. I have never seen the pollen this bad. I'm ****ing coated, like a damned porno. What the f*ck is going on here?
A face mask might help?
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Stein-ing my way to 2+ inches.
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7 hours ago, monadnocks said:
Thinking about industrial metals tonight. I don't know much about that sector so just learning. Brief Google search for ETFs doesn't seem to have a lot of promise. DBB holds a lot of an Invesco mutual fund - AGPXX - and a fair amount of treasuries. JJT did well but the structure isn't one that I feel like I have a good handle on predicting its future success plus its focusing on just tin.
What's a good way to get some exposure to this sector? Any ideas?
Try: https://finviz.com
go to the groups tab, then select: industry (basic materials). That should get you started. Pm me with any questions.
May 2021 Discussion
in New England
Posted
Linked for your viewing pleasure.