what yolo bets do you have rn?
what yolo bets do you have in your portfolio? looking for interesting stocks to add to mine. share below
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I threw some money at Bill Ackman's Tontine Holdings slush fund.
¯\_(ツ)_/¯
Other than that, $CRSR has paid off for me massively in a few short months. I bought it at $14 and it's in the mid $30's. Got to $50 at one point even and I think it'll ultimately eclipse that.
I'm with you on PSTH. Markets are frothy for another big technology name, which I think that's ultimately what he will go after. I expect a big pop after the announcement.
Tesla Stonks
20k on PLTR, 10k GME, 20k TSLA, all ITM Calls expiring EOM
$10k on Gamestop? Long? Short? Interested to hear your thesis.
$-4 eps, unbelievable competition from amazon, target, best buy, and the shift to full digital distribution for games and entertainment make GME look like a short to me...
I dumped all these calls already for gains, though I did pick up some 2023 PLTR LEAPs today. The GME calls I exited just before earnings for a profit take off the exploding IV then bought back in with OTM April Calls + shares on the dip days right after earnings and when it dropped again Monday. Needless to say today was quite nice.
- Worth noting that while yes they're unprofitable, they outperformed earnings expectations even while missing on revenue. GME has been a turn around story I've been holding shares in since they were ~$7. Ryan Cohen has been super vocal about their pivot to being a more eCommerce and customer-centric business model (his bread and butter), and seeing what he did with Chewy I'm inclined to trust his judgement.
- 257% growth yoy in eCommerce sales, strong positive response to their previous quarters of reinvesting to build out omni-channel capabilities. As they continue to close poorly performing & unprofitable stores this will strengthen their few core performing assets. Coupled with them expanding their product lines to start more aggressively supporting PC gaming more I see rosier futures in store for them.
- The console effect: if you look at the stock performance of GME it's cyclically boom and bust with new major console releases. The newest gen is VASTLY outselling the prior gen according to all publicly shared info from SNE/MSFT and other gaming news organizations, and GME got a significant allotment among distributors since they're still the #1 gaming retailer. We'll see those complete results in 2021.
- The mother of all short squeezes: GME has over 100% short interest, meaning more than the total # of liquid shares has been shorted by various hedge funds and other h8ers. That massive duck down to $12.20 the other day was another big slug of shorts being thrown on. They're hoping GME goes to $0 so they don't have to cover, instead the float is continuing to shrink while the borrow rate increases as the broader market gets more bullish on GME's mid-term (1-2 yr) prospects. The short squeeze this has the potential cause can't be understated.
- No default risk anymore imo to help counter the SS above. It's a $1B market cap company sitting on ~$600mm in cash (nets to $12/share & $300m more than they had this time last year), with $216mm in LT debt of which they've early redeemed $125mm. This while also returning over $200m to shareholders this year. The management team also just set aside the option to have a stock offering should the company continue to perform well into next year (more positive sentiment).
- Some more confirmation bias, when almost two dozen top notch institutional investors are increasing their quarter to quarter holdings of a particular stock by 100%-1500%, I'm inclined to think they know something I don't.
Puts on Tesla
I'd have to assume pretty long dated, low strike price? I've looked at this and... it's just been a widow maker trade from my perspective. Every time i say 'it's the top' - it adds $50b in market cap the next week.
Don't give up. You'll be right eventually
i gotta suck a dick if biden wins
...but what happens if you lose the bet?
l0l
wife gets to fuck the milkman in a trump mask and put it on pornhub
This aged like milk
check the dates bruv
just have a couple ribs removed and you're all set
Wells Fargo. Fml
I have half my net worth in bitcoin and ethereum. Got in BTC around 10k and it has been crushing it. I am extremely confident in this bet and I recommend doing some research on bitcoin and going down the rabbit hole if you're interested
I own a very small amount of bitcoin. At what price of BTC would you start taking profits?
I'm planning on holding for a 12 months to a couple years. I won't sell until its somewhere over 100k per bitcoin.
Gonna start shorting bitcoing around Christmas. Hype died down into the new year last time around so hoping a similar pattern emerges again
Really recommend you look into the institutional money flowing into bitcoin because honestly that short could destroy you
I can appreciate that point - I've seen Paul Tudor Jones names thrown around a lot, among others - but I'm still not bullish on it.
Blockchain is real, no one is disputing that.
I don't think long term BTC will ever be adopted as currency, and the marketplace where one can use it will remain as small as it is today. I think there is a serious knowledge barrier as well - try asking the common 40 year old to describe what Bitcoin is and see how they do.
The scarcity argument is weak to me given that there are a growing number of other digital currencies (which essentially all have the same purpose) with some not even having an upper limit (see Ethereum). Doesn't help either that Satoshi is hiding somewhere with 1/21 million of available BTC.
I think at the core of everything is the fact that today, there is literally zero fundamental value to BTC. I think, right now anyways, we are no where close to adopting it as a currency and there are limited services that accept it as payment. I don't see a path towards this changing either. Doubt the banks or governments will ever be supportive of it.
Remember the lesson from the Big Short. It's not necessarily about being right or wrong; it's about (if you're right) WHEN you are going to be right.
A couple things, first, bitcoin doesnt need to be adopted as a currency that is used in small daily exchanges. Think of it more as a digital asset, like a "digital gold". It is a way to reliably store value. When it comes to 40 year olds not understanding it, you could have said the same thing about the internet 25 years ago. Look how that turned out. There will be other digital currencies that gain relevance, but the network effect of bitcoin is ridiculous at this point. It is 100x the market cap of the vast majority of these other crypto currencies and for another crypto currency to displace it, it will need to be 10x better at least, which we have not seen yet. Also, banks / governments not being supportive of it is a common misconception. Look at Guggenheim, Citi, JPM, etc. They have their eyes on crypto and in 5 years or so will have crypto divisions because they really have no other choice. there is a ton of money to be made in the space and they will want some of the action. This article hits on some of your points, especially the "intrinsic value is zero" argument, I recommend you look into it before bitcoin wipes out your net worth from a misguided short. https://www.lynalden.com/misconceptions-about-bitcoin/
I say this as a BTC investor--these are some pretty weak arguments about the "intrinsic value" of BTC.
*Bitcoin’s utility is that it allows people to store value outside of any currency system in something with provably scarce units, and to transport that value around the world.*
Yeah, you can do this with a lot of different assets. This isn't unique. I can buy a stock with scarce shares and transport it around the world electronically. In fact, many stocks have valuations that are more stable and would actually provide more utility as a currency.
*In terms of utility, try bringing $250,000 worth of gold through an international airport vs bringing $250,000 worth of bitcoins with you instead.*
Really? REALLY? You can have electronic shares of gold, too. Or you could have paper or electronic money backed by gold. That is such an un-serious assertion.
*Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral*
What? Gold is a physical thing. It can literally be verified by a physical count. It can be touched.
The only valid point this article makes is that BTC has network effects, which is where its intrinsic value lies. That's not insignificant and it's all the person really needs to say. BTC has value because people give it value. It's why art, classic cars, and baseball cards have value.
I'm all-in on Tesla because if they achieve a robotaxi service they will be worth $2T, which is about 4x the current market cap. I'm also in on GM because I've been watching the GM Cruise videos in San Francisco and I believe it is highly likely they will achieve a successful robotaxi service, which would basically save GM and might be worth an 8-10x return.
Dumping a few grand here and there into cryptocurrency (non Bitcoin or Ethereum) looking at the platforms that have a solid use case and are scalable over the next decade.
Which ones?
GME
What's their deal? Why have they been doing so well this year?
Surprisingly they have really strong fundamentals and are still undervalued. The fun comes in when you realize there are more shorts than outstanding shares. And they’re 4q sales are ridiculous so next earnings is going to go ballistic
Deleted.
DKNG long term
CELH
Farrowtech, I just called a broker friend of mine that works at another firm and had him pick me up fifty thousand shares under my sister in law's name, I'm going to put all my kids through college with this stock.
My Sister In Law Works at S&P 500, she said she had good news that was going to send SPY up 20%
SPACs have been all the rage. Close your eyes and pick one. It'll probably go up 40-80% after it announces a deal.
Yes, I'm the guy who made over $1MM on SPACs.
It's nuts. I wonder if traditional investment banks are going to start feeling the heat.
Bill Ackman better come through for me.
Big Palantir bump today let's gooooo
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