OT: Lets talk about stocks (Part 3)

[Lafleurs Guy]

Musk has the power. Bitcoin would have taken off before if Trump didn't lose last election.

Trump was against Bitcoin until he wasn't... And he can reverse himself again. There's nothing behind that currency and it's why it's so volatile.

 

[japhi27returns]

What a year for buy and hold investors. 26% YTD with fairly low risk. Big winners were WELL, TRP, BN, VFV.

Actually had really good entry points and material balances in BTC and TSLA. Failing to hold through end of the year cost me around 100k but the casino stuff isn’t my thing, got cold feed and exited early. Oh well.

 

[the valiant effort]

Trump was against Bitcoin until he wasn't... And he can reverse himself again. There's nothing behind that currency and it's why it's so volatile.

Thankfully he articulated himself well on both positions

 

[MD thaivuN]

this month was pretty insane for Quantum Computing stocks. a lot of them jumped >100% in that time frame. This sector feels like massive gambling right now.

 

[Lafleurs Guy]

this month was pretty insane for Quantum Computing stocks. a lot of them jumped >100% in that time frame. This sector feels like massive gambling right now.

Which sticks?

 

[MD thaivuN]

Which sticks?

RGTI, QBTS, QUBT

 

[Lafleurs Guy]

RGTI, QBTS, QUBT

Geez those are some crazy spikes.

anyone in these? Is this just a pump and dump or is this the start of a long run?

 

[MD thaivuN]

Geez those are some crazy spikes.

anyone in these? Is this just a pump and dump or is this the start of a long run?

i wanted to get into RGTI when it was $7/share as a decent value gamble but it flew too fast beyond my confortable price. Right now, the whole sector is a bubble that's ready to burst. All of those companies mentioned pretty much have dogshit financials as you would expect from penny stocks a month ago lol. They all bleed money and aren't at a stage where revenue is growing fast enough.

I would buy if they were still in penny stock price range, but none of them aren't good value right now. FOMO is so strong right now that even companies that aren't doing Quantum Computing but have the word Quantum in their name are getting huge price surges lol.