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Old 02-10-2021, 08:59 AM   #2481
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Wow, woke up this morning to see the high sell limit I had on HEXO was filled first thing. It took a huge jump at the open and my number was hit.

I hate posts that come across as tire pumping or bragging, that’s not my intent. It’s more to highlight having active sell limits can pay off when there is volatility. After the crazy morning jump from 12 to 14, it’s now settled in just a bit above yesterday’s close.
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Old 02-10-2021, 09:04 AM   #2482
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Volatile market today, opens up big and pulls way back.
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Old 02-10-2021, 09:40 AM   #2483
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Exclusive video of me in the stock market today...

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Old 02-10-2021, 09:57 AM   #2484
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Old 02-10-2021, 11:14 AM   #2485
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Got in this morning on NOU, the Quebec-based mining company that finally got their permit to mine graphite in Quebec - and they're doing it sustainably. Graphite is used in EV's, could be a good long-term play.
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Old 02-10-2021, 11:36 AM   #2486
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I bought $LKCO at $0.68 then sold at $0.70 then bought again when it hit $0.60 the next day. Next day it goes to $0.90 and I sell at $0.85 overall a good profit. Today it goes to $1.36 . . . I could have over doubled on that one but the stock scared me as its on the US Blacklist as its a Chinese company rumored to be owned by the government or military.

Instead I put my money in an index for a lazy week without much worry and that Index drops a bunch today. This new market is all over the place, lol
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Old 02-10-2021, 12:06 PM   #2487
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Anybody getting in on Bumble's IPO tomorrow?
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Old 02-10-2021, 12:09 PM   #2488
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Anybody getting in on Bumble's IPO tomorrow?
I'm holding cash for this one. Millennials are going to make this one fairly interesting.
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Old 02-10-2021, 01:19 PM   #2489
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Does bumble actually work I’ve been on that f’n site for a year and a half and never had a match.
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Old 02-10-2021, 01:33 PM   #2490
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Does bumble actually work I’ve been on that f’n site for a year and a half and never had a match.

I think the app is broken...
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Old 02-10-2021, 01:34 PM   #2491
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Maybe if you had a more impressive stock portfolio!!!

In all seriousness, bumble sucks. I'm pretty sure it is owned by Tinder. Or is that Hinge? It's hard to keep track. They're all just ways to rip people off anyways. Nobody is going to create an app that has a short shelf life so they've had to monetize and create a cycle of income from users. Otherwise how do you make money on something that is free and gets deleted after a few months?

They're as predatory as any online pay to win gaming like most mobile apps or any video game with microtransactions.
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Old 02-10-2021, 01:35 PM   #2492
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Does bumble actually work I’ve been on that f’n site for a year and a half and never had a match.
I don't have the heart, any of you guys want to take this?
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Old 02-10-2021, 01:38 PM   #2493
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I don't have the heart, any of you guys want to take this?
just google "2 rules of tinder". Those two rules apply to all dating apps.
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Old 02-10-2021, 03:30 PM   #2494
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Here's two thoughts I had on this. Two options really:

1) The retail investor is here to stay in a big way - Robinhood, and the gamification of the tock market. Most retail does not do a whole bunch of DD, they follow the trend, couldn't care less about earnings multiples or other fundamentals. This will result in less focus on fundamentals and more on sector sentiment. Anything new and exciting that is headline driven will continue to see massive gains.

2) Retail money dries up (stimulus and low interest rates are not forever), bubbles pop, speculative stocks plummet and we see lots of value erosion in the retail side as they were the ones driving a lot of this. Institutions reassert themselves as market movers, the market becomes what it was about 5 years ago with fundamentals trumping all. Institutions are however forever changed with major pressure on the green movement, and social responsibility. This will be a big driving factor on where equity and capital goes.

I am leaning to number 2 more than number 1 but a medium in between is possible as well where retail asserts itself as causing enough volatility in the market and swing trading is likely a more profitable strategy than it ever was before.
The exact same thing was said in 1999. And it wasn't true then either.
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Old 02-10-2021, 03:49 PM   #2495
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The exact same thing was said in 1999. And it wasn't true then either.
Wouldn't the number of internet users now vs 1999 have a big impact though?

The access to information, instant word of mouth, social media. I don't think you can directly compare this to 1999.
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Old 02-10-2021, 03:57 PM   #2496
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Wouldn't the number of internet users now vs 1999 have a big impact though?

The access to information, instant word of mouth, social media. I don't think you can directly compare this to 1999.

Internet isn't the great unknown, it's low fee/free trading apps that has added millions upon millions of new, young investors to the mix. When markets used to sit after a correction, our generation now buys and buys because we're excited to "buy low".


We've added so many uneducated, excited new traders to the market that weren't there before and experts are scrambling to figure out what it means to trends. Read an excellent article on it in the Economist, but it's behind a paywall...and I'm reading hundreds of economist articles a month, so probably couldn't find it anyways, lol.

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Old 02-10-2021, 04:04 PM   #2497
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For now I just try to capatilize on it while we figure out what it means. Exciting new IPO that is trendy with the younger generation and all over social media? Buy in, sell quick.
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Old 02-10-2021, 04:05 PM   #2498
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Wouldn't the number of internet users now vs 1999 have a big impact though?

The access to information, instant word of mouth, social media. I don't think you can directly compare this to 1999.
Obviously there are some differences no two things are ever completely the same.

But the premise is identical: new technology is inviting retail investors into the marketplace, who are driving up the prices of the stocks that interest them. And the new valuations of those stocks are completely sustainable because these new investors just won't sell.

It wasn't true then, and it isn't true now.

BTW, retail investors greatly overestimate their impact on markets, generally. They account for approximately 1/4 of the market. Even a mass influx doesn't change the dynamic all that much - enough to have a very short term impact? Sure. But certainly not enough to materially change long term valuations.
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Old 02-10-2021, 04:09 PM   #2499
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Internet isn't the great unknown, it's low fee/free trading apps that has added millions upon millions of new, young investors to the mix. When markets used to sit after a correction, our generation now buys and buys because we're excited to "buy low".


We've added so many uneducated, excited new traders to the market that weren't there before and experts are scrambling to figure out what it means to trends. Read an excellent article on it in the Economist, but it's behind a paywall...and I'm reading hundreds of economist articles a month, so probably couldn't find it anyways, lol.
What? Markets never sat after corrections. And 'buy low' is the oldest catch phrase in finance.

The only difference between now and 400 years ago is that they had to do everything in person and by hand.

Well, that plus the fact that they smelled terribly, and had bad teeth.
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Old 02-10-2021, 04:45 PM   #2500
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Anyone investing in Bitcoin?

The Globe refers to an ETF type fund that trades on the TSX called The Bitcoin Fund (TSX:QBTC-T) and which tracks the value of Bitcoin.

Not sure how much I would want to risk, not so much on the value of Bitcoin, but if it really took off how safe would the underlying shares or units (or whatever they are) be down the road?
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