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https://www.getrevue.co/profile/ethcap/issues/bear-market-advice-in-conversation-with-sam-bankman-fried-1167792
SBF background is in arbitrage trading, ether cap is trading at a massive discount relative to the price of eth…hmm
Love seeing that stub ask price of $6. That’s where this should be, the discount to the price of eth is becoming ridiculous but can’t last forever. Just not sure I’ll be alive to see it revert
And they heard you!
For a stock that’s up 300% in a month this is really off the radar
Do you see this going back to the $7’s? This is definitely a hodler stock but damn if the macd ever turns there’s a lot of room below.
Yes btc crashed overnight but on Friday the price was 29k, so crypto stocks still have to catch up
Hello volume!
Craziest thing of this run is the RSI is only at 74, in August it got into the 80s. Keep waiting for a signal to buy the dip but there ain’t no dip lol
Ripple Labs is galaxy’s biggest equity investment...the SEC announces XRP is under review...and our stock is still up today...Christmas came early lol
Sick of the dilution on BRPHF so taking a flyer on this while keeping some in galaxy. Further down the rabbit hole I go.
Lol it’s not a penny stock scam but management sure is acting incompetent
And XRP at the highest level since galaxy went public and that train wreck is galaxy’s biggest investment! So annoying
Agreed, I can respect someone wanting to trade the stock, but walking away at these levels for good is way too impatient.
That $3.50 is locked up for six months so just set your calendar
If this board is any gauge of investor awareness we’re not even in early stages yet lol
Agreed, sucks short term and they probably should have been making all these moves a year ago, but if they can get all these new hires and M&A to work then I’ll cut them a little slack.
Earnings tomorrow, giddy up
I know this data is lagged but if I’m reading it right Galaxy short interest is at an all time high. Who is crazy enough to do that a week before earnings when the float is so low. Mucho cajones.
https://shortdata.ca/stock/
This PIPE would be ok if they have something huge in play. But just a vaguely written PR bomb on late Friday saying it’s to support asset mgmt is really sketchy. With bitcoin at an all time high monthly close that business should be making bank already, not requiring dilutive equity...bad look on Novo
Btc up 8% yesterday, Galaxy up 15%. Should not be a surprise which one is the better trade.
Yesterday was the lowest closing RSI since 6/26. The beginning of a similar leg higher? If s2f is right, btc need to rocket into the election.
Still hodling ????
Listen to the earnings call, Novogratz is still confident he can break even this year. Ignore misleading headlines about losses in 2018.
Still hodling
Oh sweet it was Novogratz himself!!
1.5mm volume??
Yes, broadstreetalerts.com is a highly respected name on the Street.
#sarc
Looks like a penny stock newsletter.
I wonder if they'll halt trading during the cc in case they have a big announcement
Ditto
I wonder if they thought you meant sun power
Any thoughts on current share count? Seems like it must be in low 20s.
$100mm sales / 25mm shares = 4.
$3 current share price / 4 = 0.75x.
Per yahoo the "industry" average is 1.9x. You do the math.
If they get $100mm sales and share count stays in the low 20s then we are in agreement
It smells like horse manure to me.
Similar to that story about Morgan Stanley? or some other bank buying up shares. Forgot how wacky these boards can get.
I'm impressed the clan has toughed it out all year, family reunion time during earnings season
Oh yeah #brainfart
Chart looks good, too funny about ST's excuse about $100mm mkt cap limit. Was sltd ever that high??
The prodigal son has returned.
They should r/s once a month
besides good news specific to NBG:
1) more greek bank consolidation
2) capital controls get lifted, or even just the discussion that they're being considered (which could be "early" 2016 to "mid" 2016)
bad:
1) unexpectedly bad economic data (after dilution and the delisting, expectations for greek banks are low enough as it is)
2) global economic meltdown (in which case everything goes down)
Can't argue with banking some coin