Stocks

[NoSavingByTheBell]

you are beyond paranoid. Seek help. Nobody is PMing about you to attack you. Sorry to disappoint. Your imagination is out of control. Peace be with you too.

[walrus]

Damn about a year and a half, maybe two years ago I bought a (new to me) used car. I ended up renting a car and driving to another state to buy one as it was several thousand difference in price. While I was car shopping I checked out carvana, the online car dealership. You pick the car out online, review all the pictures and specs, they deliver and you have a certain number of days to drive the car around and if you don’t like it you can return it. Anyway I thought it was a cool idea, there were a lot of fees added on during the process so I didn’t end up purchasing anything from them but I never forgot the idea. I said to my wife, “we should buy stock in this company.” I think it was trading around 12 bucks at the time. I looked at the financials and the ratings at the time and they were generally pretty bad. So we passed, it’s not like you can buy every stock you want. Anyway I just saw on the financial channel the stock is around 235 bucks a share. It has a 52 week low of 22 dollars a share so most of those gains are in the last year. A COVID friendly stock if you will. Had I bought it back then it obviously would have worked out well.

I also screwed up on peloton. That company that sells workout equipment and everyone is working out online. My wife bought some shares. I got a little mad (showed her the fundamentals they were losing 20 cents a share) suggested she sell some ASAP. Well she sold most at a profit but now. Because of covid, the stock just keeps pumping. She held on to a few shares. Mind you this is just a side hustle we are into. We just play around with it no earth shattering amounts are flowing through our accounts.


Individual stocks are risky anyway. I had a talk with someone recently. Someone much more into the market than I. He has been nailing it, especially on down days. He moves quick and often. But this dude did it professionally for a number of years and now just does it on his own. He was saying it’s hard to really enjoy market gains with so much suffering going on. It really is. The financial impact of Covid, the shutdown, the fear, it really is hurting many more millions than the disease itself is. That’s not a political statement just a fact.

So anyway just one of those things. I babbled on a bit but really I was just thinking about carvana. I think that’s another thing that makes the market fun, all the what if’s.

[walrus]

Now Disney lays off 28,000 and the airlines another 30,000.

[walrus]

Great market down over 400 in pre hours, I’m not mentioning stocks again jinxed myself

[NoSavingByTheBell]

One thing I can tell you is here is what matters to crypto: Bitcoin prices have been let's say ~buoyed~ this year as investors bet that trillions of dollars of government and central bank spending around the world in response to the coronavirus-induced economic slowdown will inevitably result in inflation, and therefore be positive for the cryptocurrency.

As such, if a stimulus deal is reached, BTC may rise further.

Where the fuck is the $2,400 BTW, BTC? repukers better agree to $2 trill or BTC may take a hit, the likes of which have never, ever been seen before.

[walrus]

I don’t know how many years I have had bitcoin but it’s very hard to track its performance tied to the economy at large or the market itself. It often seems to have its own mind. I’m not even sure of its price now, I think it’s around 11,400 a coin but don’t quote me on that. It is a very bad investment, I hold it because of the anti federal reserve independent thing. The whole concept still interests me I just let it ride.

[walrus]

Bitcoin is at 11,745 dollars per coin. Well short of it’s high of course but damn not even ten years ago they were less that 1 cent per coin. Crazy to think about. First time I checked it price in months. I actually told bffbeaner about a coin, different coin when it was 2cents a share. Shortly after it went up to .75 cents a coin. Looks like it’s around 8 cents now. Wouldn’t make you rich unless you dropped a shitload on it but at least if buddybeaner did end up buying it he wouldn’t have lost it all and been cursing me, well he curses me anyway but you know what I mean.