But it would have been down 6% if you didn't sell yesterday. :)
GLD futures are a little up from where I sold. $3018 vs. $3028. May future contracts still not open.
OT: Stock and Investment Talk
- Thread starter RU-05
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GLD futures are a little up from where I sold. $3018 vs. $3028. May future contracts still not open.
Oddly enough on Coinbase. They have futures for GLD, silver, and crude oil (along with the crypto contracts).
Up $49 on making small March Madness futures bets in Robinhood. Lol
There are a lot of companies jumping onboard. Not saying that is a good thing. I believe there is a significant first mover advantage, but who knows. I guess it will work if BTC keeps going up. MSTR's BTC cost basis is about $30K, so they are in great shape.
Which other company announced? The issue I see for all of them is mark-to-market.
Semler Scientific is another big one. A bunch of failing small caps including international ones are doing the same. I’m sure this is a list somewhere. Lots are trying to be the next MSTR.
@RU-05
WAYT tonight covers the CoreWeave IPO. Definitely some red flags.
WAYT tonight covers the CoreWeave IPO. Definitely some red flags.
Ya, watched it. Big time debt, and big time yearly dept servicing was the biggest red flag imo(almost half current rev's went to Blackrock which is crazy). But one of their red flags, MSFT pulling job orders because of coreweaves inability to meet timelines is kind of a positive in that, they are growing so fast(800% rev growth yoy into 2024), they can't keep up. If it flops out of the gate it may be worth a look.
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The timelines on my job right now are crazy. With Coreweave being the client. I work on the electrical side of things. They are getting stuff up and running before the usual things are done beforehand. A lot of people are saying this here.
I assume the debt is just the capital for equipment and buildout. I would probably buy the IPO if it pulls back after launch. In other news, May GLD future contracts are now open in COIN. :)
No just stuff that usually gets done before energization is not. It’s still gonna get done just later then normal.
I'm not comprehending.
Are they building their equipment faster then sites infrastructure(ie power) is being built?
The power is here. Usually things like the ceiling, walls being painted, sanded are all done prior to energization in the data centers I have worked at. Usually data centers are cleaner than the hospitals I’ve worked at. That is not the case at this site. All electrical equipment and the system is still thoroughly tested and commissioned though.
There are rumors of another building being built here but I’ve heard they need more power from JCP&L for a new building. That project may start later this year or in 2026.
Aight now I get it.
Don't necessarily see it as a bad thing. I guess they are potentially exposing their equipment to contamination, but I like the idea of them forging ahead of the slower workmanship.
Signals significant demand, as well as the determination to meet that demand. Heck it potentially explains their inability to meet the timeline requirements of MSFT, ie it's actually the painters/ceiling guys.
Not jumping on the IPO but I'll be watching.
Good timing with this post as I was thinking of asking the question... Most of my buys are in the $9 / $10 range. I did add a tranche at like $13.50. I'm wondering if I should just cash in my 30% gain and be done with it. My average cost is around $9.90.
I hate paying short term cap gains tax, I'd love to hang on, but it's not a huge enough position that it'll matter either way, and unless there's a prayer if this ever getting back into the $100's, it's not meaningful enough
I dunno, if I had bought around $10 I might trim here.
But the one year chart it has held support multiple times at that level, and is at the lower end of range, so I'm playing for some more upside.
Widening out to a 3 year though it's still trending to the down side.
I think it could benefit from the TSLA backlash, but conversely the EV wave has fizzled and the US Gov't may not be as supportive moving fwd(not sure if this has been finalized yet), and then there is the question RIVN's ability to execute. If there is greater demand can they meet it? And can they do so profitably?
As per getting back into the $100's? Sounds like a pipe dream. I'd settle for a double in the next couple years. ;)
Setting aside the Musk/Trump factor, “fizzled” is an understatement. The charging network/infrastructure seems to have come to a screeching halt. I also see a lot of charging incentives being offered and great deals on EVs so that says a lot,
Government funded charging didn’t screech, it never started. Let Tesla, GM, etc continue building the network themselves. They’ll do it better anyway
It’s leveraged way to invest in bitcoin. Bitcoin goes up, the stock goes up more. The opposite is also true
Up to this point, the timing of their buys, the bonds/offerings, etc have allowed them to outperform simply buying and holding Bitcoin.
Latest Coreweave article on CNBC
The article I just posted says it’s valued at 2x the amount of BTC. Sounds like a financial engineering game. Those always end well.
I could care less about what GME does.
But the more companies (and govt's for that matter) that do this the more the supply demand dynamic pushes BTC's price upward.
Staying long.
Started buying GLD May futures last night. Gold just keeps rolling! :)
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