My stock account has taken a pretty big haircut (16.7%), though YoY I'm still up massively. Though, my saving total (cash, crypto, and stocks combined) is still on the way up in a big way. Since the market has turned red, without just doing a quick analysis I am probably up about 10% altogether.
Currently, the way that I see it, is the gamblers that have helped drive up insane valuations on stocks have moved from Stocks to Crypto. So my opinions on some positions have not changed.
ADN: I like this company, they have some very interesting technology, and could stand to dominate the hydrogen market in 5-10 years. My current wonder is, where does the stock go short term and will the warrants expire before the stock sees gains again. Also, when do the hedge funds and ETFs invest.
I really view ADN, as I did ETHC.TO over the last few years, while I was hoping hype/meme's would make me a quick buck. I was still happy with sitting on this one for a while.
I plan to average down the average cost of my position in warrants over the next 6-9 months. The two things that are I'm trying to figure out are the question I mentioned above (warrants timeline vs timeline) and how much I should invest. I am thinking of putting in another 50-100% of my book value.
SCR/GME, I never got in, these are crap stocks in my opinion. I have nothing good to say about them. I haven't done DD on CBDT, missed the up, and was already investing in DRDR.TO, which I've taken a haircut on as well. Though DRDR.TO, I'm more interested in the tech play.
Though, I consider DRDR.TO a mistake, the gains are not worth sitting down 50%, I think it'll go back up but I just want my money back lol.
On a positive note, I may get some more cash out of ETHC.TO soon
it's approaching my next sell X if it reaches Y target.
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