PIMPING STOCKS

[mraynrand]

Drop in bucket. (I did notice that Apple is stopping announcing iPhone - and other products? - sales numbers...


https://www.cnbc.com/2018/11/02/warr...ple-stake.html

Warren Buffett's Berkshire Hathaway lost more than $3.5 billion on Friday as Apple's stock headed for its worst day on Wall Street in more than four years.

Apple — which posted its fifth consecutive week of losses for the first time since 2012 on Friday — finished the day down 6.6 percent, its worst one-day move since January 2014. The Oracle of Omaha owned more than 250 million shares of the Cupertino, California-based company as reported in Berkshire's latest holdings filing at the Securities and Exchange Commission.

At Friday's closing price for Apple of $207.48, Buffett is down $3.7 billion. The company closed at $222.22 on Thursday before the disappointing report.

Apple's stock sank after the company's iPhone shipments for last quarter fell short of analyst expectations. The company also issued a financial outlook for the rest of the year that underwhelmed some investors. Those factors foiled the company's stronger-than-expected earnings and revenue.

However, Buffett's losses are likely even more painful: he told CNBC at the end of August that he bought more Apple shares since the end of June, when he reported that he bumped his stake up by 5 percent.

"We bought just a little [more]," he said about two months ago on CNBC in an interview with Becky Quick.

[Bretsky]

There seems to be a great opportunity for those who can spot the best stocks to benefit from WEED.

Who is our residential Pot Expert ?

[call_me_ishmael]

Great time to buy AAPL, Goog and AMZN. Buy it, set it, forget it, watch money 4x in 10 years.

[Bretsky]

I would completely agree with you Partial.

Now shut up with FANG and give me some Weed stocks that will 5x

[Patler]

I would completely agree with you Partial.

Now shut up with FANG and give me some Weed stocks that will 5x

If I wanted to buy one, it would be CGC. The major investment in them by STZ should give them a head start in effective retail marketing.

[Bretsky]

THANKS PATLER

I can let you know my two favorites are CGC and CRON

Are you invested in CGC ?

[Patler]

THANKS PATLER

I can let you know my two favorites are CGC and CRON

Are you invested in CGC ?

No, I do not own any CGC, nor any other "sin" stock like casinos, tobacco, distilleries, breweries or wineries. Not because I oppose them, just that I am not interested in their businesses and I have no desire to learn about them. Instead, I invest in companies involved in activities I enjoy learning more about.

[Bretsky]

No, I do not own any CGC, nor any other "sin" stock like casinos, tobacco, distilleries, breweries or wineries. Not because I oppose them, just that I am not interested in their businesses and I have no desire to learn about them. Instead, I invest in companies involved in activities I enjoy learning more about.

Have you taken any fliers on cloud stocks ? That has been my most recent passion

[Patler]

Have you taken any fliers on cloud stocks ? That has been my most recent passion

Depending on your definition of "cloud stocks". I own INOV, ADBE and CRM. I also own some NVTA, which has a cloud based records subsidiary. I own a bunch of tech that I think will benefit from the growth of cloud related things. There are probably a half-dozen or so that I am considering.

[mraynrand]

The bottom line for Generac: $100 million to $200 million of annual revenue, perhaps as soon as 2022, Jagdfeld said in an interview in New York on Friday, a day that saw his shares hit an all-time high. California, with its generally mild climate, wasn’t a big market for Generac until the blackouts began. While an expansion in the state will take time, Generac is gearing up a sales force and a marketing push to make it work.

Broadly, getting into stocks for companies making stuff government/government regulated entities can/will no longer provide is probably a good bet.

[call_me_ishmael]

I am still just holding a handful of stocks in the aspect of my portfolio that I manage:

BTC, LTC, ETH for crypto

AAPL, GOOG, MSFT, AMZN, TSLA, NFLX.

Apple continues to be the most fundamentally sound company on earth. I bought in around 200 in 2009-2010 before the iPad came out. It has gone up 8.6x in that time!!

Goog is a company looking for it's next big hit.

MSFT is figuring out how to reach developers for the first time in my life.

AMZN is the company ready to be the world's biggest and they might be able to do it with their cloud business alone. I think AMZN is still very cheap compared to how big their opportunity is.

TSLA makes a product that everyone loves and lusts after. They have their manufacturing challenges but at the end of the day that will resolve itself in time since it's a far easier problem than making something that people lust after.

NFLX is a stock I don't really know why I hold. I don't really watch much TV and very rarely turn on Netflix beyond streaming reruns of the Office for background noise. It has gone up too much in price to the point where I don't personally see the value in it. Great SaaS business so far but I do wonder when others will start to feel the same as I do. There's only so many hours in the day and I have maybe an hour or two free at the most, it's a tough thing to fill that valuable time with brain rotting TV.


Anyone have any interesting stocks they think there is money to be made on? I'd like to take 20K and walk out with 40K in the next year or two if possible. Gotta buy a new car.

[MadtownPacker]

There seems to be a great opportunity for those who can spot the best stocks to benefit from WEED.

Who is our residential Pot Expert ?

I thought you knew!

Did you end up buying when you made this post? If so you went on a helluva roll coaster ride man. Big ones like Tilray and Canopy went off only to come tumbling down the past few months. I bought in a little too soon but not doing bad.

[australianpackerbacker]

Bitcoin has been the best performing asset over the last 10 years, and due to a lot of factors, one fo them being economic uncertainty, will be the bext performing asset over the next 10 years. If you bought 100$ of bitcoin 10 years ago, you would have 16 million dollars. Fuck the stock market its a game played by the rich to keep everyone else poor, like the federal reserve.

[call_me_ishmael]

Bitcoin has been the best performing asset over the last 10 years, and due to a lot of factors, one fo them being economic uncertainty, will be the bext performing asset over the next 10 years. If you bought 100$ of bitcoin 10 years ago, you would have 16 million dollars. Fuck the stock market its a game played by the rich to keep everyone else poor, like the federal reserve.

This is a bad take. Bitcoin has done jack shit over the past few years unless you've timed it perfectly.

My opinion is in twenty years my BTC will probably be worth 0 dollars but maybe could be worth a million or more.

[australianpackerbacker]

This is a bad take. Bitcoin has done jack shit over the past few years unless you've timed it perfectly.

My opinion is in twenty years my BTC will probably be worth 0 dollars but maybe could be worth a million or more.

Sorry but this is incorrect except for your last sentence. Bitcoin goes through hype cycles, and each hype cycle is greater than the last. Look up Bitcoin stock to flow. The stock to flow ratio of bitcoin will be equal to that of gold, calling for a market cap of 7-8 trillion dollars, which would potentially put bitcoin at 350k-400k. Thats not gonna happen until around 2028. Also you need to understand bitcoin halving. Every 4 years BTC goes through a reduction in the available bitcoins mined, basically forcing the price up. This is the most GENUIUS financial instrument EVER created, based on Austrian economics. Its scarcity is exactly why it is valuable, but people just dont understand what it truly is yet. So the hype cycles will continue for another 10 years until people realize what it is, and why it exists.

And this is something everyone can agree with. If the dollar was working fine for 100% of people, we wouldnt have people that are broke. Nor would even the IDEA of Bitcoin exist. Get it? The idea of being broke, is the system reflecting its brokenness on the people in which its meant to serve. There are over 2 billion unbanked humans, and bitcoin has the ability to change that, by being a bank account in your phone, and these days smart phones are a dime a dozen. This means 2 billion people who cant get accredited by a bank, now have a bank account in their phones. This is REVELATORY.

Bitcoin has the power to erase government. And it has the power to replace the USD as world reserve currency. Once this happens the world will change tremendously. If the US Federal Reserve cannot print money, they cannot go to war and put "sanctions" on other countries.

Bitcoin hasnt done jack shit? Right. Its price at the beginning of the year, 3200. Current price 9100. 200% increase in value. Pick ANY stock, precious metal, whatever....what has PERFORMED better than bitcoin in 2019? NOTHING.

Bitcoin has been the best performing asset over the last 10 years. Especially if you understand how to DCA(dollar cost average). You'd be in the green like a motherfucker.

Bitcoin is BLOCKCHAIN. Bitcoin is a revolution.

As for your last sentence. You could say the exact same thing about any and every stock. Nobody knows what technological shifts can occur in that span of time that makes certain parties or entities obsolete. Apple? Who the fuck really knows if they will last for more than 5 years from this date, there are so many variables at play in all of this, thats why they call it speculation. But knowledge allows you to take a calculated RISK.

So in saying that, if a stock(or in this case bitcoin, has a proven track record of 10 years, of consistently providing ridiculous gains, you need to reevaluate your story about bitcoin and what information you are believing that is limiting you from exploring this seriously. Volatility is a common aspect in a brand new, nascent asset class, because the liquidity(money, belief, investments) isnt quite there yet. And in saying that, THIS IS WHY IT IS THE BEST OPPURTUNITY to make serious gains. Its like investing in the concept of the internet in the early 90s, yet the difference here is bitcoin is competing to be GLOBAL MONEY. Think of that potential, think of the power that a fixed, limited supply currency that you can send over the internet for basically pennies, think about the power that has to undermine the current power structure. When you realize its power, you will find it impossible to ignore.

Fuck stocks and investing in something that has zero meaning to my life just because im greedy and wanna live a different expression of life. Buy bitcoin, youre buying into a financial revolution.

Stay woke.

[call_me_ishmael]

I have owned Bitcoin since 2013. I bought 5K back then. Still have it. Haven't spent a dime of it. I know all about it.

I know especially how much VC money has been pumped into infrastructure around it, and still its usage is minuscule since everyone holds it on speculation.

Saying it went from 4000 to 9000 this year is factually true, but it ignores that from 2017 to 2019 it crashed from over 19K after being artificially pumped by Russia allegedly.

BTC is too slow and will require some significant forking and revamping to ever be a serious player. Can't buy those groceries without a many-minute-long-payment process to check the ledger is my understanding. I wouldn't know, I've been holding the whole time.

Maybe it's the future, but is there any reason for optimism thus far? In my opinion, not really. Seems to me like most of the VC money in crypto has dried up. The biggest reason to continue holding is the scarcity aspect and since I don't have a good answer for why it won't be a big thing.

Apple? Who the fuck really knows if they will last for more than 5 years from this date

With the money Apple has in the bank, they could continue to operate without earning a penny of revenue for the next 20 years or more.

[australianpackerbacker]

I have owned Bitcoin since 2013. I bought 5K back then. Still have it. Haven't spent a dime of it. I know all about it.

I know especially how much VC money has been pumped into infrastructure around it, and still its usage is minuscule since everyone holds it on speculation.

Saying it went from 4000 to 9000 this year is factually true, but it ignores that from 2017 to 2019 it crashed from over 19K after being artificially pumped by Russia allegedly.

BTC is too slow and will require some significant forking and revamping to ever be a serious player. Can't buy those groceries without a many-minute-long-payment process to check the ledger is my understanding. I wouldn't know, I've been holding the whole time.

Maybe it's the future, but is there any reason for optimism thus far? In my opinion, not really. Seems to me like most of the VC money in crypto has dried up. The biggest reason to continue holding is the scarcity aspect and since I don't have a good answer for why it won't be a big thing.





With the money Apple has in the bank, they could continue to operate without earning a penny of revenue for the next 20 years or more.

Bitcoin in 2019 is akin to the Internet in 1995. People also said things like, you're never gonna be able to stream a video on the internet, much less listen to music. Email? Who needs that? We have fax baby! Who remembers AOL? Same thing with scalability of bitcoin, and also use case and adoption, but youre not gonna see that with the lens you are currently looking through, the same way internet naysayers couldnt visualize a future where the internet was in any way shape or form useful. If you really knew as much as you say you do about it, you would also understand, that it is a nascent asset class, and it goes through major hype cycles, like you mentioned when price went up to 19.3k and dropped to 3.2k. This is entirely normal in an asset class that is in the hundreds of billions that doesnt have a clear-cut use case, other than being digital gold 2.0, an excellent store of value, just like gold, but better, because more gold can always be mined, but bitcoin is and always will be capped at 21million. Im not pro crypto as much as pro bitcoin, i think 99% of altcoins are scams. Think about the stock market, it fluctuates 1-5%, and its market cap is in the TRILLIONS. So there is literally hundreds of billions of dollars being traded daily, basically more than the value of the ENTIRE cryptocurrency market cap. So put that into perspective with regrads to volatility. Same thing happend with Amazon and a lot of early tech stocks in the late 90s/2000s, they crashed hard because "no use case". When was a great time to buy Amazon? Exactly that time, just like it was a great time to buy BTC at 3k.

Yes, its usage is minimal right now, just like people using computers in the late 90s and smart phones in the mid 2000s was minimal. But consider this. The amount of people in the millions, that know and use bitcoin(and many like me dont spend their bitcoin, right now for me its a store of value with future potential as a medium of exchange) is roughly 25-30 million. The global population is 7.8 billion. And LOOK at the price, from simply 25-30 million people interacting and engaging in the protocol!!! As of today still 9200. Lets call it 10k for arguements sake. Now imagine 300 million people all over the world actively adopt bitcoin as a store of value or medium of exchange. The potential is on a level that is soo fucking ridiculous im shocked more people dont genuinely look into it. But its hard for most people to use an alternative currency when fiat currency, i.e. paper money, still works for 2 billion people. So in many ways the system has to fail people, just like it did in 2008 before the Federal Reserve started printing money to bail out the greedy fuckers that got us into this mess in the first place, debasing the very currency that everybody "trusts".

None of us were taught about money in school. Coincidence? Hell no, its by design. Just like you werent taught how to eat the right foods or heal yourself. Most people dont truly understand how fiat money works, if they did, they would riot. The average lifespan of a fiat currency is 27 years, so the USD is an anomaly, in many ways, and the bankers(the fraudsters) just started printing money again, calling it quantitative easing and negative interest rates, to prop up and continuously beat the dead horse. This is called Keynesian economics. It doesnt work. Fiat money, is essentially what is called "soft money". So i have 1000USD and that can buy me a new car in 1940, but since the bankers continuously print more and more money, naturally that 1000USD has much less buying power than it did even 10 years ago, essentially robbing you of your spending power, while your wages are exactly the same! This is why we all live in a global kleptocracy, the value of what we EARN, through hard work, is undermined by the greedy fuckers in power.

Bitcoin reintroduces the concept of Austrian economics, where a fixed supply currency can never be devalued or lose buying power. Consider this concept, that is unfortunately a sad reality. Would bitcoin exist at all if everybody totally and implicitly trusted the current economic paradigm to serve them and all their needs wholeheartedly? Why would it even exist if the current system was honest and worked for everybody?

Also, like i said earlier, bitcoin is an evolving tech, in 2017 maybe at worst case you had to wait 1hr at the HEIGHT of its hype cycle for a transaction to be completed because the network was congested. But since then we have had other protocols built on top of bitcoin that have evolved. Look up lightning network. Instant transactions(less than 10 secs) with almost minimal fees. This is an evolving tech so your stories that you had about it in 2013, 2015, 2017, 2019, 2021.....constantly need to be checked and evolved as computer science and cryptography does. Its not fair to compare bitcoin in 2010 to bitcoin in 2019 or 2029, but the overall trajectory is constantly evolving and going in the direction of largescale adoption.

https://www.lookintobitcoin.com/char...ofitable-days/

In the entirety of bitcoins existence, it has been profitable to hold bitcoin during nearly 94% of its ENTIRE EXISTENCE. Show me a stock, commodity, real estate, asset that has produced this result.

https://medium.com/@100trillionUSD/m...y-91fa0fc03e25

This is what i was talking about earlier with regards to price appreciation, long term. Bitcoins stock to flow will be equal to that of gold, by 2024. Potentially valuing bitcoin up to 350-400k.

https://medium.com/coinmonks/bitcoin...h-649d0e9b3c94

Bitcoins long term power law.

All in all, ive put in 1000s of hours of research into understanding what the fuck this exactly is. And bottom line is, bitcoin in 5-7 years will become the defacto world reserve currency. And when this happens. There will be no more USD, EURO, FRANC, YEN, POUND. Why? Because bitcoin has the best, cryptographically secure, mathematically proven, sound monetary policy that is easily defined and predictable over the next 120 years, that cannot be altered or disrupted by any single entity or government. This is its true power. You no longer need to trust anyone or anything with financial honesty.

[call_me_ishmael]

But Bitcoin price was already inflated 4x by Russia.

And there is an inordinate amount of Bitcoin owned by the Chinese government.

Like I said, I am long Bitcoin, so I am not a total hater, but I have healthy skepticism about it. Everyone should. Right now it's just a value store as you mentioned. I am extremely skeptical that in 5-7 years the situation will be dramatically different than it is today.

[3irty1]

BTC is mostly used as a store of value, but it is a functional currency. I've traded for it, paid bills with it, bought a property with it, and sold it for cash. Its cumbersome but it works and the infrastructure has improved a lot since I received my first coins. In truth validation is much faster on the chain than with real world banks. It takes a week for a check to clear after all. It's as-if instant because there is infrastructure to repair a doublespend after that fact. Infrastructure for crypto is primitive today but like I said, it's night and day compared to 5 years ago.

I view it as a more practical version of dealing in something like gold. Similar in that it is counter cyclical and immune to inflation; better in that I don't need a literal vault to secure it or an armored car to transport it. Yes the splashes of whales can manipulate the value but this is also true of gold. Bitcoin smart contracts need more development, it's a small nightmare for example to figure out how to make BTC resistant to embezzlement in a joint situation or inheritable such that the benefactor can't just clean you out at their pleasure.

[australianpackerbacker]

But Bitcoin price was already inflated 4x by Russia.

And there is an inordinate amount of Bitcoin owned by the Chinese government.

Like I said, I am long Bitcoin, so I am not a total hater, but I have healthy skepticism about it. Everyone should. Right now it's just a value store as you mentioned. I am extremely skeptical that in 5-7 years the situation will be dramatically different than it is today.

With regards to Russia, i have no idea. Nor does it matter. There are cypherpunks and geeks that own 10s of 1000s of BTC, that if my prediction came true, would be richer than most COUNTRIES. Thats a bit of a mindfuck. If this does take over i do see a potential for global instability and civil war, short term.

The thing about the USD being the defacto reserve currency of the world is, they can push other countries around because of their power through monetary policy. When the playing field is equal, and this is the big shift i see happening, when the playing field is equal, when all countries currencies are comletley digitized and you and I can send a message on packer rats, and if i like your comment i can send you 5USD or whatever, when that happens, the clear winner in all of this will be the digital currency that has the most honest, transparent monetary policy, that cannot be altered or debased. If that 5 dollars i send you today is worth 3 tommorow, youre not gonna accept something thats not worth as much as the currency that over time constantly grows in value. And this day will come when paper money is no longer physical, but just numbers on a screen, were halfway there in many ways.

Well done for being long and also for buying in early, I only found out about it late 2017, and have been possessed by its potential to create a giant seismic shift in our understanding of money and how i feel that should work, for everybody.