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Whoever called the gap yesterday, thanks for that. What am I saying, "whoever"? Thanks, BW Sauce.
I should note for those new to SNDD, because of the ticker change, do not be fooled: at 0.008, we are not up 33.3%, we are up 63% today. High (so far) today of 0.0086 would be +75%
I took a little off the table today, I must confess. That is probably a bullish signal for any SNDD newcomers, so you should feel confident that you have a winner that has a lot more run in it. I just needed to sell enough to relieve some pressure, so now I do not even have to worry about my next exit price until we get to 4 cents.
The good news is I waited until today. I nearly sold yesterday, which would have cost me quite a few more shares. The bad news, if this board is right, is that I did not wait until Monday.
Up to now VSTR was my best penny stock, but I think with today's action as IDNG becomes SNDD, this one is now my biggest winner, and uniquely so. With every other pinky I have sold, I have come back 30 days later and the price has been lower. That was even the case the first time I booked profits here with IDNG (now SNDD) a few months back. Not so much the second time I doubled up. (The Dr. Drew bump had held and then some.) As for a month from now, I can't imagine anyone thinks SNDD will be below a penny by then.
Sold enough of my November 5 MGI calls to be playing with the house's money now. If we get another breather that takes this below that all-important price, it might be the time for selling cash covered puts again. Wish I had done more of that two months ago. What a move MGI has made since then!
MGI dipped below 5; can't be havin' that! There you go, back over 5. Then again, might be an opportunity to play options around this strike price.
We love you, W2P, and not to pile on (I assume we all figured you were joking about the DOJ), but...
COBI to BNGI Ticker change 7/3/19 (two months and five days ago)
Announcement of Mr. Knowles coming on board 7/19/19 (seven weeks and two days ago)
Mr. Knowles saying Bangi (Bon Jovi without the “ov” or however you pronounce it) has only been around for 3 months sounds about right. In any case, the message was: “It’s early.” Barring dilution, BNGI should be seeing 0.0002 for the last time. Should we all put in an order to buy at that price at the open tomorrow? I think I will just for fun.
Hmm... 7/3/19 was also the date of my last haircut. You can tell Homeland Security that if you think it will give you more credibility. : - )
If you're in cryptos to buy low/sell high, then Stellar Lumens might be a play for you right now. XLM is down 45% year to date, while XRP is down somewhere around 25%.*
While I plan to expand my crypto portfolio, I do not think XLM is my next one; rather likely it will be ADA or something more speculative, that is to say not in the top 50. But if XRP drops at the end of next week, like it has the last two weeks, I think I will just get more XRP.
*These percentages seem to change every time I check the TradingView charts, but the point is, if you like buying dips, XLM has been an even bigger dipper this year than our XRP.
On the topics of looking at charts and of selling high and buying back lower... I must say when I took enough profits to be playing with house money and then some a month ago, I did not expect to see this lower a month later. Even though that would be par for the course in Pennyland. With every single one of these pinkies, when I have unloaded some shares to take money off the table, 31 days later they have always been lower. I really thought VSTR would be the exception. Now if only I had not been distracted by so many other trades, I would have bought back in on Thursday and enjoyed the feeling of being a market-timing genius over the weekend. Oh, well...
As for the chart, I do not know what the intraday high was when I sold, but my price was higher than this chart suggests it has been at its highest, which is what?... 1.4 cents. I imagine VSTR was much closer to two cents* intraday near its recent peak.
Compared to two dozen other speculative plays I have made since joining these boards, VSTR has to be the least disappointing... and the most boring. Serves me right for not noticing how interesting it got the last couple weeks by taking a breather from its steady upward climb.
*OK, Detailed Quote page says high was 1.65 cents
I don't think of Ripple as a start-up. Does anyone here think of them that way? That they used to be on some Hot New Thing list, but now have been supplanted by others is probably a good sign of economic life in the U.S., if not the world. People keep coming up with ideas to try out in the market place. As a pro-market person, I can only approve.
Now when Ripple becomes a stodgy old blue chip and investing in XRP pays me all the dividends I need... I will welcome when that happens, too, but that might take a while.
If Ripple's price for their portion of Moneygram was 4.10 per share (as I have seen quoted), they are up 27% already on their investment. I think Neb and I are up 100%. (We waited until the dust settled after the big announcement and the price retraced below 2.50.)
As much as I would like to think that puts me ahead of Ripple, my XRP has gone down 43% since the June 17 news, so ... let's just call it a draw.
This may not be like ringing a bell, but...
I had a Good for 60 Days order in to sell most of my Nov 5's (call options). Today I changed that, cutting the size of the order and raising my asking price. Here's hoping that optimism does not mean MGI has topped. : - )
What a remarkable run MGI has had the last two months. It has exceeded my expectations. And now we are over 5. Fridays are often profit-taking days, but in this case, if I understand correctly, the 5 handle really opens things up, in terms of how many more investors can enter the picture.
Looks like you found another multi-day winner, Gary, in APSI. That is good, since CWNR has been fading for the last month.
Broker just alerted me that MGI hit 4.75. Now what was I going to do with that info? I guess I just wanted to know when 5 would be looking particularly inevitable. I was tempted to sell a couple cash covered puts when it took a breather yesterday. Missed that opportunity ... but there will be more.
Clearly I cannot count, nor can I read, so I think crayons would be wasted on me. Maybe finger paints ... or Play-Doh would be my speed.
XRP long and strong!
XRP slow and steady ... and all the way to the moon, baby! Or, at least, all the way to the bank. (Crying optional -- as is laughing ... apparently)
Hey, c'mon, APYP is up 9900% percent. Now let's see one more tick, huh? How about it? Go APYP!! Let the next pump commence! : - )
Hey, WiseYoda, your list has BTC listed twice. How many BTC's are there, exactly? : - )
Come to think of it, what was this about a proposed fork in XRP? How would that work? What would I hold after the forking? Would I have old XRP, or new XRP? If I bought more XRP, what would it be called ... XRP Cash?
Hmm, every blockchain/token in which I have invested, all 5 of them, are on your list. I guess I should find that reassuring, but it also means I have not been daring enough.
Well, I also have some LBA, CredEarn's token, but that does not count.
While my Moneygram call options are up 100%, I still plan to buy more XRP at these prices (around two bits). Especially through Uphold, since CredEarn brought the interest offered on XRP back up to 9%. That is a use case right there.
As for dilution, if this month is like the average month of last quarter, circulating supply of XRP had 0.7% added. I think we can handle that, since Ripple is out there trying to add customers for their product. Also, the price says we can handle it, since we did not break below 25 cents again. Which reminds me, all cryptos have been hit hard lately. Not easy to forget, since my diversifying into more cryptos just means I have red numbers on four rows instead of one.
The latest coattail effect from Bitcoin passed months ago; will there will be another? I think so, and if you believe in Buy Low, Sell High, you need to start with something low.
Or you could chase gold and silver. They have been putting the top crpytos to shame the last few weeks.
XRP earns 9% again from CredEarn, yes, MS, I saw that, thanks. That may take the sting out of the fact I forgot to add a rung to my six-month ladder this weekend. Oops, a little slip there. My month for forgetting to take care of business. Now I can look for anything with a .25 handle. XRP is over 26 cents right now. Thought it might dip with the 1 billion escrow release, even if the amount that stays out is no more than 300 million - - which was the average per month last quarter.
Thinking of buying something tomorrow to loan out on the 1st. It will probably be something Uphold has already been offering (like XRP or BCH), but thanks for the heads up, MS. I was on their site today (on the off chance XRP would be below 25 cents), but I did not notice the additions. I know you have been looking for Cardano, so good luck with that. Look at the chart of almost any coin these days, and one has to wonder, "Do I want to stick my hand out there while it is raining 4000 falling knifes?" I don't know...best of luck to everyone that you catch the right one at the right time.
MGI is too expensive for most penny players. With a few exceptions (like bitcoin for instance), the cheaper the ticker, the more chatter. Sub-pennies, sub-fractions get most of the board action. Plus there is nothing to argue about here, is there? No FUD. Nothing to dump, so... nothing to pump? I sold a covered 5 today. Still holding a few 5's with a later expiration date. My premium price has doubled, but I am holding out for more than that.
I am wondering though... if the Ripple price was 4 something, one has to keep in mind that we are there now. We are at 4 something again, like we were when the Ripple news spiked it a couple months ago. So is the Ripple boost completely priced in? What drives it higher? Good old sound profitable business practices ... maybe.
Moneygram spiked to about 4, dropped, now back to 4 after 2 months, the last five to six weeks of which have been a dream chart, steady upward movement -- China, Brexit, and the rest of it be damned.
Question is now that it is at the Ripple price of 4 something, how much more impetus is there? If they could continue the breakout and become incredibly profitable, proving Ripple partnerships are a good thing, that using XRP is a good thing, that would be a nice positive. (Especially for me since I picked up some MGI at two fifty.)
R3? Is that better than L2?
: - )
Looks like I missed another sub quarter dip. Figures. Every once in a blue moon I do not watch the market like a hawk... so of course that happens.
Cryptos taking it on the chin. I may just use my Uphold bucks to set up another 2G2BT USD six-monther. As long as CredEarn offers 10% on greenbacks, is there any point of converting to digi-coins or tokens?
Now I need an alarm set for when XRP drops below 24.65 cents. : - )
Crying? Sorry, I'm not a fuddy duddy. You have me confused with a few others on this board.
I was asking if whales might have as much influence still... you know, 19 months later. You posted something about how many people have a lot of XRP, so I was wondering. I read that as it being disbursed, that only a small fraction of a percentage of holders had millions, but maybe I misread that, too. I do think that announcements from whale watchers of big movements tend to be precursors to drops, no matter the coin in question.
That whale manipulation article was from January 2018. Still very entertaining. I had not seen it before. If you buy the premise, do you think it still applies?
Ripple is not on list of institutional investors. Correct me if I am wrong (again), but they would be 2nd on your list, if they qualified to be on it at all.
That Nasdaq site is a handy one. Or it would be if I knew how to interpret it. And if any of my many pinkies qualified for it. I am going to take a look CSCO, even though I am not sure what to look for.
That would not be Ripple by any chance, would it? This chart has been very entertaining. The huge spike on news to 4, and the inevitable quick pullback, followed by a month where you could play options, accumulate a position, and otherwise set yourself up to make money. And now it sure looks like another visit to 4 soon, this time on a more sustainable incline.
Yep, wish I had got more in July when it was churning around 2.50. Thought I had more time to play with it around that option strike price, but then it kept going up.
So, nothing about bringing back the dividend? I thought maybe that was it, with such a surge it has had lately. Exceeded my expectations.
My apologies; looking at the chart again, there was the spike in the middle of July and then another ten days later, with a nice dip in between where you could buy if so inclined. The little ihub chart only shows we got to 3 cents, but intraday was 6 at least once.
Has been a month since the last spike that saw 4, 5, 6 cents. I know, because I took some profits off the table and then I set my calendar for 30 days to clear the wash sale rules. I was kind of surprised I could buy 4 times as many shares as I sold and still come out ahead, but I guess I should not be surprised any more with these pinkies. No doubt it will run again; but might be a wait just like last time when it first came on the radar as a reinstatement play.
Top 10 coin with FUD worse than XRP? Dang, what were the odds? And Lite was going to be my indirect MimbleWimble play, because I have been too lazy to get some Grin (or Beam).
Go figure. Promised alt season has turned out to be FUD season. Oh, well, cheaper for those who still have powder. Buy low... if you dare.
Funny, I am looking at the chart here and I was so focused on the plunge, that I only just now noticed the 17 hours that proceeded. Very flat with just the slightest down incline. I do not know if I have ever seen that with this chart before, although maybe adding the plunge to the scale makes what would normally be a really jagged line into a much flatter one.
Yeah, keep posting FUD; maybe that will work to bring this back down to a quarter. We are back to 26 1/2 cents already, curse me for missing the flash crash!
You know, if I were the kind of person who saw conspiracies and market manipulators everywhere, I would explain how unsurprising the drop in cryptos (not just XRP, in case you have not noticed) are in light of broader market turmoil. The last thing the Powers That Be would want is for people to think cryptos are a safe haven as major indexes reflect the growing prospects of a global recession.
Then again, maybe when things go down, everything goes down. I only heard about Bitcoin in 2012. That was 3 years after the Market Timer-in-Chief called the bottom in March of 2009. The silver run had already passed a year earlier, and we would have been in the middle of (probably) the best time to buy a house this century (the three years between 2011 and 2013, that is), when you had that winning combo of low rates and still (relatively) low prices. The stock market has not gone up as much as Bitcoin, but it has been in a bull market for ten years. The world has only known about cryptos since the West had its last recession. The next would be uncharted territory for cryptos*. Will there be a de-coupling? We should only be so lucky.
*Yes, I know, Greece... Cyprus... Venezuela, but I am talking about the whole world at the same time.
The actual sub quarter did not last long, darn it! Sadly I was busy typing my last post while that happened. Otherwise, I would have done what I have not done in months and bought XRP directly, rather than a week or more after transferring the 500 bucks to Uphold. I am on their site right now with 2000 in the amount box, but I cannot even get 1930 right now. This is the part I hate -- having to buy at the moment of the purchase, rather than put in a limit order. Watching paint dry to see if it will tick under long enough for me to click the Confirm button.
I set up four loans with CredEarn today, to be locked in for six months late tonight/early tomorrow. Two thirds of my funds were USD, since CredEarn is still paying a 2G2BT 10%. The other three loans were in Lite, XRP, and LBA.
I was hoping for a bump in prices going into tonight, but so far not so much. This is probably why I have left the majority of the money I have been moving to Uphold in USD, which kind of defeats the purpose of opening the account in the first place, but dang, if cryptos are going to go down with the Dow, what the heck? Summer slump may only be half way done.
Ugh, I could have just waited until today to get more XRP. But I remember when 3 months ago I waited and that was what I regretted, because that huge 33% gain also came on the eve of a loan date.
Awwwww, snap. Had to laugh at that, KC.
MS and I have only been posting about using CredEarn to loan out our holdings with Uphold every two weeks for the last five months. Loans every 1st and 15th of the month. They are not the only site that lets you loan out your crypto holdings, but so far I have only used Uphold/CredEarn. Picked up some Lite, XRP, and even a little more cheap LBA. Hope they hold value into the morning of the 15th. (Interest rates 8, 6, and 10 respectively, if you also hold 10k LBA with them; and as I mentioned, CredEarn’s LBA is cheap right now, around 2 cents, after peaking around 6 a couple months back.)
Got the alert yesterday that MGI hit 3.60. Of course, that was near the top of the morning spike. Since pulling back from that, it is now climbing again at a more sustainable rate.
Not sure why I chose 3.60 as a price target worthy of note. Probably because it is not quite half way from 2.50 and 5 (the next strike for options players). Maybe I will set another alert for 3.80.
MGI going to 5 would be all right with me. I took a flyer on some options months out. At the rate it is rising, should be no problem. I kind of did not want it to take off so quickly so soon, but it does help those distant 5's.
Nearly every coin red and few following Bitcoin positive any more. Big attention-grabbing rally a couple months ago lifted all coins; this time, the rebound seems mostly just BTC, as some earlier posts pointed out. So, I guess the only posters here profiting in the short term are the ones that said they were not adding XRP (or anything else), but rather buying the latest Bitcoin dip.
PS MGI up again today. That was a good way to play the doings of Ripple itself. I waited until the dust settled (after the Selling on the News), so I got in around 2.50. It has pushed past 3 this week. If only I had the inside dope on what the next Moneygram is going to be. (There will be another; Ripple keeps going after partnerships.)
Definitely looking to load more on this drop. But what? XRP, BCH, LTC...? Almost bought all three, but then thought, juuuuuuust in case the alts are not done falling, I better bottom fish one fish at a time. I will pace myself over the next week or two... or three.