In our community we students of the market openly discuss our various market insights and thoughtful opinions in support of a wider understanding of price behavior. Join us and share your thoughts!
Aloha! FACECOIN That’s what it will be called when Zuckerburg buys it for $100 a share! Coinbase … eh! I know Bill has been to this rodeo before! That’s the rodeo where everybody and their mother and their mother’s kitchen sink rides the tulip fairy to $64K! I have no crypto currency and I hesitate to call it currency because all the currencies I know that are half legit are backed by a government military. Let me just say what Buffet said about gold. Bitcoin pays no interest or dividend. You will notice Buffet stopped saying that when the BIS… Read more »
Most of the Bitcoin that has been mined is owned by long-term HODLers—or those who “hold on for dear life”—and doesn’t actually circulate, and the price may be inflated by large purchases. Indeed, 95% of all the Bitcoins is controlled by 2.4% of the accounts, according to BofA, and 20% of the supply may be sitting in lost or stranded digital wallets, according Chainalysis. Bitcoin’s scarcity is also a key attraction. The global supply can never exceed 21 million Bitcoins, according to the system’s design. About 18.6 million have been created through mining. But the amount of new Bitcoin that’s… Read more »
Good article,, dave…. I don’t buy dividend stocks, so I usually buy a stock because I think it will go up in value, as I imagine most traders do…I’ve rarely bought a stock specifically for the reason that I use their product, directly or indirectly…The longest I’ve ever held one stock was almost 5 years – Sarepta 2012 – 2017…. I’ve held Editas just over 4 years..
I brought 500 BTBT at $14,50 today, sold MARA and RIOT yesterday at close will buy back if they drop little more.
So, I play them to make money but I also keep in mind that
King of Ponzi scheme died today–Bernie Madoff and COIN is born today
Yes, 2 hours away from me… One thing to remember: a Ponzi scheme has no definitive end point.. Cash outflows matched by money inflows….. And also, the original creator of, and investor in, bitcoin has Not sold one single bitcoin since Day One.. ** I wish I could have convinced you to buy Riot and Mara when I did, at $ 7.76 and $ 10.80’s…. you Did make a good buy on Bit Farm …. *** I did buy SOS today.. they are doing the right things and establishing a strong US mining presence..
8 month ago when I join Bill’s website Before that I had no Idea about Bitcoin, may have heard about it but never try to find out what it is.
Thanks to you and Bill–my knowledge of Bitcoin came from you guys and than i try to read article and try to understand it, to trade it open account at robin hood which almost double now. I did wrote about it here that got 50K dogecoin for 0.054 which is more than double now.
But I don’t have much faith in it
SOS,TIRX,QS,XL fleet are on my watch list for tomorrow,
Kaimu’s ZEN is on order, my price target is $1.50 for 2000 of them.
will sell all my GOLD call option (50) tomorrow if GOLD price goes up a little and free up the money
And this will only help bitcoins acceptance as legitimate store of value… I had a whopper of a tax bill for the past trading year, but I’ve paid every cent I owed… over 32 %…
But you did own bitcoin till recently, right ? Maybe I’m wrong, but I thought you mentioned owning BTC, along with other assets, in a post several weeks ago… Seems bit was around $ 49 k…
US Senate has confirmed Gary Gensler to head the SEC
From Law360.com
The U.S. Senate voted 53-45 on Wednesday to approve President Joe Biden’s nomination of Gary Gensler to chair the U.S. Securities and Exchange Commission through June 5, giving the securities regulator a Democratic majority as it tackles an aggressive policy agenda related to climate disclosures and new financial technologies.
This was a good decision. I expect his appointment for an extension beyond June 5 will also happen.
He has a lot of work to do.
baz22
April 14, 2021 11:56 am
Hot Damn, those bit miners move, don’t they ? …. faster than Space X… !! 🚀🌋
eia crude report: “crude oil inventories . . decreased by 5.9 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil inventories are about 1% above the five year average for this time of year. Total motor gasoline inventories increased by 0.3 million barrels last week and are about 2% below the five year average” Weekly Petroleum Status Report (eia.gov)
Sticking with the ‘ trades like a Biotech ‘ theme, I’ll have to go with $ 80,000 on June 1, 2021… I use the Coinbase IPO as another peg in the evolution of BTC… Using a basic comp. to Moderna’s run from the $ 30’s last year ( leave off last 3 zero’s on the thousands for better visual )… instead of Clinical updates for firepower, new users and continued push for acceptance will be the ammo.. Like a final FDA approval that pushed Sarepta and Moderna to $ 180, then that is the area I will be focused on… Read more »
Last edited 14 hours ago by baz22
baz22
April 14, 2021 7:08 am
Bit Digital was trading above $ 20.00 at 5:00 am today.. their last quarter monthly coin production bested Riot’s latest monthly numbers..
My experience on Biotech, and such, is that during regular hours trading, the stock will usually get within 5% of that 5 am or 6 am high, if the direction remains positive throughout the day..
I too follow the pre-market trades closely as well as London (and to a lesser extent Australia). I find the pre-market a viper’s nest with some of these traders trading a single share to distort the price. SEC should be investigating.
Having said that, when I see volumes are very high at prices that interest me, then I will trade there.
I would like to see 7×24 hour trading with a single national exchange for each country. I think the upstairs markets ought to be banned.
The market is no different than golf… Each day is different. Conditions are different not only every day but every hour or minute. No two shots or no two trades are the same, even on the same hole or same stock. And every single one can mess with your mind – from self doubt, to disgust, to fear, to euphoria. And when everything is on the line, a 2 foot putt on the final hole of a Major, or even a money match at a public course, is as scary as pushing the ‘ buy ‘ key on a $… Read more »
Aloha! $275 green fee! The only “green deal” I want to pay for!
kaimu
April 13, 2021 11:29 pm
Aloha! BRAINCHIP AI BRN ASX
Up 20% overnight on the ASX
More movement on the chip front! This one the Akida AI Processor in partnership with Taiwan Semiconductor goes into mass production.
Crispr’s gears changed… Mississippi news ? .. my belief is the trio will start a new bull phase in Biotech, and it will last many, many years.
Last edited 1 day ago by baz22
kaimu
April 13, 2021 2:22 pm
Aloha! BIDEN SAYS CHIPS Not potato or tortilla, but microchips for phones and EVs and all sort of apps! Once again the West was stupid enough to transfer that technology to the CCP in exchange for higher profits. A huge sellout! Easy to see in today’s rear view mirror! Now the CCP has a stranglehold! Good strategy US CEOs! We have to take back manufacturing on so many critical levels. Now to me THIS IS INFRASTRUCTURE! REVASUM Revasum designs, manufactures and markets a portfolio of semiconductor processing equipment (also known as ‘systems’). The systems that Revasum manufactures are an integral… Read more »
Aloha! FACECOIN That’s what it will be called when Zuckerburg buys it for $100 a share! Coinbase … eh! I know Bill has been to this rodeo before! That’s the rodeo where everybody and their mother and their mother’s kitchen sink rides the tulip fairy to $64K! I have no crypto currency and I hesitate to call it currency because all the currencies I know that are half legit are backed by a government military. Let me just say what Buffet said about gold. Bitcoin pays no interest or dividend. You will notice Buffet stopped saying that when the BIS… Read more »
Most of the Bitcoin that has been mined is owned by long-term HODLers—or those who “hold on for dear life”—and doesn’t actually circulate, and the price may be inflated by large purchases. Indeed, 95% of all the Bitcoins is controlled by 2.4% of the accounts, according to BofA, and 20% of the supply may be sitting in lost or stranded digital wallets, according Chainalysis. Bitcoin’s scarcity is also a key attraction. The global supply can never exceed 21 million Bitcoins, according to the system’s design. About 18.6 million have been created through mining. But the amount of new Bitcoin that’s… Read more »
Good article,, dave…. I don’t buy dividend stocks, so I usually buy a stock because I think it will go up in value, as I imagine most traders do…I’ve rarely bought a stock specifically for the reason that I use their product, directly or indirectly…The longest I’ve ever held one stock was almost 5 years – Sarepta 2012 – 2017…. I’ve held Editas just over 4 years..
I brought 500 BTBT at $14,50 today, sold MARA and RIOT yesterday at close will buy back if they drop little more.
So, I play them to make money but I also keep in mind that
King of Ponzi scheme died today–Bernie Madoff and COIN is born today
Yes, 2 hours away from me… One thing to remember: a Ponzi scheme has no definitive end point.. Cash outflows matched by money inflows….. And also, the original creator of, and investor in, bitcoin has Not sold one single bitcoin since Day One.. ** I wish I could have convinced you to buy Riot and Mara when I did, at $ 7.76 and $ 10.80’s…. you Did make a good buy on Bit Farm …. *** I did buy SOS today.. they are doing the right things and establishing a strong US mining presence..
8 month ago when I join Bill’s website Before that I had no Idea about Bitcoin, may have heard about it but never try to find out what it is.
Thanks to you and Bill–my knowledge of Bitcoin came from you guys and than i try to read article and try to understand it, to trade it open account at robin hood which almost double now. I did wrote about it here that got 50K dogecoin for 0.054 which is more than double now.
But I don’t have much faith in it
SOS,TIRX,QS,XL fleet are on my watch list for tomorrow,
Kaimu’s ZEN is on order, my price target is $1.50 for 2000 of them.
will sell all my GOLD call option (50) tomorrow if GOLD price goes up a little and free up the money
Great going… Really,, really good..
Palantir PLTR IRS is scanning bitcoin transactions under “Operation Hidden Treasure”. The IRS uses Palantir to find tax evasion.
And this will only help bitcoins acceptance as legitimate store of value… I had a whopper of a tax bill for the past trading year, but I’ve paid every cent I owed… over 32 %…
But you did own bitcoin till recently, right ? Maybe I’m wrong, but I thought you mentioned owning BTC, along with other assets, in a post several weeks ago… Seems bit was around $ 49 k…
organigram ‘produces and sells cannabis and cannabis-derived products in Canada’ down 10% post earnings. OGI OrganiGram Holdings Inc. Stock Quote (finviz.com)
Organigram Hlds Misses (earningswhispers.com)
Soft Dollar today has boosted Copper, but Gold still weak
Gold stayed weak all day. Copper and Copperminers were stronger as I anticipated early this morning
cabot oil and gas, small position, pays 2.4% divi.
COG Cabot Oil & Gas Corporation Stock Quote (finviz.com)
buy oil and equipment co baker hughes, pays 3.6% divi.
BKR Baker Hughes Company Stock Quote (finviz.com)
HollyFrontier Corporation operates as an independent petroleum refiner, small position pays 4% divi. HFC HollyFrontier Corporation Stock Quote (finviz.com)
US Senate has confirmed Gary Gensler to head the SEC
From Law360.com
This was a good decision. I expect his appointment for an extension beyond June 5 will also happen.
He has a lot of work to do.
Hot Damn, those bit miners move, don’t they ? …. faster than Space X… !! 🚀🌋
500 shares of SOS could be worth $ 10k in a year or two….
Glsi…. CEO buys $ 99k in stock… SEC Form 4
back in general motors today.
GM General Motors Company Stock Quote (finviz.com)
eia crude report: “crude oil inventories . . decreased by 5.9 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil inventories are about 1% above the five year average for this time of year. Total motor gasoline inventories increased by 0.3 million barrels last week and are about 2% below the five year average” Weekly Petroleum Status Report (eia.gov)
Denver Gold Forum April 13-15
Incredible number of virtual presentations available over three days from the most important miners.
https://www.worldgoldforum.com/
Reading where Credit Suisse total loss from Archegos and Greensill to exceed $10B
How can this bank be solvent?
IMHO, stocks will top this week and precious metals rally will extend to next week. Time to protect your gains
cvs small position. CVS CVS Health Corporation Stock Quote (finviz.com)
gm. Trillium Therapeutics ‘a clinical stage immuno-oncology company’.
has a buy at benchmark with a target of $21, fwiw. previous mention baz22.
TRIL Trillium Therapeutics Inc. Stock Quote (finviz.com)
Sticking with the ‘ trades like a Biotech ‘ theme, I’ll have to go with $ 80,000 on June 1, 2021… I use the Coinbase IPO as another peg in the evolution of BTC… Using a basic comp. to Moderna’s run from the $ 30’s last year ( leave off last 3 zero’s on the thousands for better visual )… instead of Clinical updates for firepower, new users and continued push for acceptance will be the ammo.. Like a final FDA approval that pushed Sarepta and Moderna to $ 180, then that is the area I will be focused on… Read more »
Bit Digital was trading above $ 20.00 at 5:00 am today.. their last quarter monthly coin production bested Riot’s latest monthly numbers..
At 5 am, I guess I missed it
My experience on Biotech, and such, is that during regular hours trading, the stock will usually get within 5% of that 5 am or 6 am high, if the direction remains positive throughout the day..
I too follow the pre-market trades closely as well as London (and to a lesser extent Australia). I find the pre-market a viper’s nest with some of these traders trading a single share to distort the price. SEC should be investigating.
Having said that, when I see volumes are very high at prices that interest me, then I will trade there.
I would like to see 7×24 hour trading with a single national exchange for each country. I think the upstairs markets ought to be banned.
https://www.investopedia.com/terms/u/upstairs-market.asp
Yes… I showed 300k volume by 6 am…. actually, I was tracking at 4 am… Why ? … Its Coinbase day… !!… ‘ COIN ‘ tops $ 400 today…. ?.. 😊😊👍
Maybe CCP will debut ‘ CON ‘ … * for U, Kaimu !! … 😁🏝🏝
What’s Love Got to Do With It ? ..thanks, Tina.
A big day today
Lots of info to collect and ponder today:
Also, yesterday’s CPI Inflation data at 2.6% YoY to be considered as the industrial metal miners are looking good to start the day.
Looks like JPM just hit it out of the park (rev and earnings)
Goldman Sachs knocked it out out the park too
The market is no different than golf… Each day is different. Conditions are different not only every day but every hour or minute. No two shots or no two trades are the same, even on the same hole or same stock. And every single one can mess with your mind – from self doubt, to disgust, to fear, to euphoria. And when everything is on the line, a 2 foot putt on the final hole of a Major, or even a money match at a public course, is as scary as pushing the ‘ buy ‘ key on a $… Read more »
well said
Aloha! Bazz but you need a view!
You left out the “cheaters” like the SEC! lol!
Try the links at Mauna Kea!
https://tinyurl.com/dzt82xmh
We just had the Kaimu Invitational against our rival Las Vegas! For once the “casino” lost!
Wow !! .. like # 18 at Pebble Beach, but water on both sides.. Beautiful… * probably a little more expensive than our local muni…. 😊🏝
Aloha! $275 green fee! The only “green deal” I want to pay for!
Aloha!
BRAINCHIP AI BRN ASX
Up 20% overnight on the ASX
More movement on the chip front! This one the Akida AI Processor in partnership with Taiwan Semiconductor goes into mass production.
Another of my ASX listed “chippies”!
LINK: https://brainchipinc.com/brainchip-begins-volume-production-of-akida-ai-processor/
api crude report: “U.S. crude supplies fell by 3.6 million barrels for the week ended April 9, according to sources. The data also reportedly showed gasoline stockpiles up by 5.6 million barrels”
API reports a weekly decline in U.S. crude supplies, sources say – MarketWatch
Crispr’s gears changed… Mississippi news ? .. my belief is the trio will start a new bull phase in Biotech, and it will last many, many years.
Aloha! BIDEN SAYS CHIPS Not potato or tortilla, but microchips for phones and EVs and all sort of apps! Once again the West was stupid enough to transfer that technology to the CCP in exchange for higher profits. A huge sellout! Easy to see in today’s rear view mirror! Now the CCP has a stranglehold! Good strategy US CEOs! We have to take back manufacturing on so many critical levels. Now to me THIS IS INFRASTRUCTURE! REVASUM Revasum designs, manufactures and markets a portfolio of semiconductor processing equipment (also known as ‘systems’). The systems that Revasum manufactures are an integral… Read more »
mosaic ‘produces and markets concentrated phosphate and potash crop nutrients’ small position. MOS The Mosaic Company Stock Quote (finviz.com)
The allure of Bitcoin is a little like Billy the Kid… the wild West and the James Gang… 🏜
gm. northern oil n gas advancing 2.8%, added to yesterday . . again, still in the red. Northern Oil&Gas Stock Price (NOG) – Investing.com