Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well, at least we have new bag holders in above 50 cents. I would hope that means more who will be holding out for no less than a dollar. Me, I need a lot more than that to have any meaningful impact. Meanwhile I plan to make use of those Spark tokens as soon as they are distributed.* Glad to hear from the Uphold FAQ that I got credit for all my XRP, even the amount I expect to never see again.
*If there is utility to these coins, might as well utilize them, not just hold for price appreciation.
Not expecting more than a tiny fraction back from Cred once the Chapter 11 is complete and not sure if any would be denominated in anything other than USD. But, yes, I was wondering about getting credit from Flare for the XRP with Cred. Cred said you would get Spark for your XRP in their programs, but then again, Cred said a lot of things, so I did not have my hopes up. It would certainly ease the pain (slightly) of my XRP being in limbo with little hope of return, if the Spark was not gobbled up in the bankruptcy process and instead was sent automatically to Uphold.
If Spark takes off, that would be even better, although I know you are predicting an immediate sell off this weekend as people cash out. I do not expect to be one of those people. I need XRP (and Spark) to go a lot higher than wherever they will be on Saturday. Do we think Uphold will add Spark to its list of cryptos that you can trade?
Not enough; need it to double from here.
I know there is supposed to be an alt season for crypto. How about a penny season? C'mon, pennies! Seeing a lot of green on the day, but still red overall on a lot of these tried and true tickers.
Sucks to be in the wrong MJ play. APYP took a year to get from 0.0001 to 0.0002, but now three months later, it has doubled twice to 0.0008.
Going to 8 in three months might be a tall order for BNGI. I will settle for half that.
This only has to double two more times... and I will be green. Bwah ha ha!
: - ) Go, Clad!
Precedes are nice, but proceeds are even better. : - )
Would like to see a 4 here. Double again like Ironclad just did. (That one I need to double twice more.)
December 12 said to honor Martha Jane Coston, born on that date in 1826. Coincidence on the timing? Lucky that day falls on a weekend this year? Not sure about that, but I will note, for the honor, she beat out Frank Sinatra, Mayim Bialik, and Bob Barker. But then none of those other December 12 babies invented a flare to be used at sea. Mrs. Coston did, building on the work of her late husband. She went on to score a government contract at the beginning of the Civil War, no less. Sounds like her Coston Signal Company would have made a good penny stock. (Just don’t get stuck in hold-and-hope mode!)
As far as I know, she never had to deal with a central bank, IMF, or an SEC to provide “regulatory clarity.” Go... XRP! Me, I still need this to double again, and then become a ten-bagger from that point. So seriously, go XRP!
Range less than a buck and three quarters? What is this world coming to?!? I like the volatility and the juicier options premiums that brings. Now I will have to go out another week to get any time value, if this thing cools down.
Forward With Darcy? Gotta love the Uber mensch
Ben, before you ask, I sold some for tax purposes. (Yes, believe it or not, sometimes you sell winners for tax purposes, not just losers.) Holding the rest for much higher prices, higher than the last really strong resistance of the past year.
Go, Hawk! Go, Darcy! Go, Uber! ; - ) ... just imagine if Jelly was back on board; then we’d really fly
Looks like half the bag holders bought 1s (and maybe some 2s) if they are willing to take 0.0002 to get out.
Going to need a lot of Ask Slapping to get through that. Then, yes, indeed, the sky’s the limit, if only because you would have to be really long term here to even remember what BNGI trading at 0.0003 looked like. (Believe it or not, it did that regularly last year.)
The Beyoncé’s dad news got this from there to a bid of 0.0006 with ease. I would think we would need something even more dramatic to do that again.
Thanks to dip, sold another cash covered put. I will sell another if we actually get a healthy pullback to bring this closer to 39 than 40.
Remember this one pays dividends. We just got paid a couple days ago, with the ex-dividend November 5, so the next ex-div day is a couple months from now, the first week of February. Plenty of time to move in and out.
That dividend helps me price my options. I like to make my premiums multiples of the quarterly payout. So then I can squeeze a few dividend’s worth out of it in three weeks, rather than tie my money up for three months. If the price stays down and the shares get assigned... then it’s covered call time.
Six dollars between the low and high today. That is a lot even for this one. Twenty or twenty-five percent, depending on whether you are looking down from 30, or looking up from 24. Not for the faint of heart, either way you look at it.
But that is why God invented cash covered puts. Pick your strike price and your expiration date and take your chances. And don't skimp on the premium; make it a crazy number. Today it would have not seemed nearly crazy enough.
Not sure I would be a buyer today, what with tomorrow being the 1st and all. Remember that constant FUD last year? But, just in case...
What would the impact be of releasing all 1 billion XRP from this month's escrow? It would inflate the amount in circulation by about 2%. Hmm... let me check that... Trading View says 45.348 available coins at a market cap of $29.267 billion, at a price of about 64.5 cents. (Your price may vary.) So add the billion coins and divide the 29.267 billion by 46.348. That would give you a price of 63.1 cents.
Considering the price swings in XRP are much greater than 2% daily, I think most of our stomachs could handle that. (XRP would still be higher than Tether on the list; I like being above that dividing line.)
Oh, did I steal anyone's thunder? Sorry. ; - )
Unlikely scenario, but even if it happens, not too much impact. But I am curious to see if Ripple will be tempted to release more than they were averaging last year (which was no more than a third of the billion as I recall). Where would they spend it? Is there another Moneygram deal in the works? They couldn't simply sell it for a quick 630 million bucks, because that WOULD drive down the price for sure.
The USD in XRPUSD is the US dollar. So XRPUSD reflects the currency pair (or in this case, cryptocurrency/fiat pair) that the vast majority of iHubbers are going to be following. The others you see when you start typing XRP in the Get Quote search field are other pairs. (You might recognize most: Bitcoin, Ether, the Euro, the British pound, The Brazilian Real, and... without looking it up, I am guessing KRW would be for Korea’s currency.)
I assume those other boards have no on-going discussions. If you want to grouse about or cheer on XRP, you come here. Occasionally you also get news or some other usual information.
; - )
I will be saying God bless short sellers if and when this bounces back next week or, even better yet, goes flat. The latter scenario seems the least likely possibility of all, including the chance of retracing some more. As I say, there are two sides to a spike; that is what makes it so pointy.
Meanwhile, we know Magneto wants to unload more of his position when he gets a chance. When is that happening? That would be a good thing to know.
Hey, G Street, while BBUCQ and DOMR sleep, what about CWNR? Are you still in that one? It has had the sword of Damocles hanging over it for quite a few months. (That means a reverse split has been promised in a letter of intent; an r/s tends to be as bearish as a split is bullish.) But dang, you could have traded it many times over since that announcement, not in big volume, but hey, as long as Fidelity charges you nothing on the way in and only a penny on the way out, those double-digit swings will work.
Note: I am not pumping it. (I'm not really a pumper.) But thought you might like to know. For me to add, it would need to dip at least 25%.
Speaking of dips, have you been following the latest Peter Thiel play, PLTR? I noticed it a couple weeks ago and I'm glad I did. Got pretty lofty there, with a huge open this morning, followed by its biggest plunge to date. It seems to have one down day per week, usually near the end of the week. So far, that has been a good time to buy (or even sell cash covered puts; it is only two months old and you can already trade options on it; that could get me into a lot of trouble.)
PLTR is not a penny stock, obviously, but very playable, with a lot of upside potential.
If you read the rest of the sentence, you will see that the r/s comes with the issuance of an additional 22,500,000 restricted shares in exchange for 100% of the outstanding shares in RCK Development LLC.
Won't those 22.5 million shares have a dilutive effect? Even if they are not available for us poor schlubs to trade.
Might be a buy after the split. As a rule, a split is bullish and conversely a reverse split is bearish, but I must admit that some reverses over the last year or so have actually got me back into the green. The headache is often with the broker failing to maintain the cost basis information. How hard can it be to keep a record of what was paid from one day to the next? It's 2020, for crying out loud. There's no technology available to these people to help them remember my cost basis? Give me a break.
Might be a buy now for those who are not worried about that headache. Maybe they will hold it in an IRA.
Buying the dip has been a good play so far. Got a little hot, so the cool off was not surprising and probably needed. Last down day was last Friday, so maybe that is a pattern to follow if two weeks in a row makes a pattern. Not much of one. Three weeks ago, Thursday was the dip day, with Friday back up.
Note: you can trade options on this. I would have regretted not selling a covered call this morning, but my initial position--my core--is untouchable. So I added some more shares near the end of the day and already wrote a covered call one week out. If I can get 10% a week from this, I will take it.
Soros is glad he did not sell all of his shares yet. Or at least his wallet is. (Magneto* can cry all the way to the bank for all I care.) So... when can he sell more? Might put that on the calendar as a day to "buy on the dip."
As for the low IPO price, I appreciate it. If indeed PLTR should have IPO'd in the 40's, it was very egalitarian of them to let us regular folks have the experience of getting in on something at "pre-IPO" prices. I only wish this had hit my radar a couple weeks sooner, darn it.
And here I was thinking selling cash covered puts yesterday on a second up day in a row was a bit FOMO of me, but glad I took the risk; it does not feel very risky today.
* I call him that. He kind of reminds you of the Magneto character from the X-Men movies, doesn't he? (Sir Ian, not Mr. Fassbinder.)
Ha, you need to put that in quotes with a winking smiley face, but I am going to laugh at that anyway.
Laugh all the way to the moon. ; - )
Yay, Gare, up 500%; just need that again and I'll be up!
: - )
But I'll settle for a double and then another double.
Apologies to Janet Yellen; been misspelling her name for the last six years for the sake of a punchline.
I was checking to see if her appointment would make history, but no... she will not be the first former Fed Chair to become Secretary of the Treasury. When Carter replaced G. William Miller with Paul Volcker, Miller took over at Treasury.
Go... XRP! I only need it to be a 20-bagger... from here. (Thanks a lot, Mr. Schatt.)
Trading again on Fidelity and still on E*trade. Thought that would be good news worth a bump of a tenth of a cent. But if Hawk is still late in filing something, why can you buy again with Fidelity? What lifted the stockblock?
As I said before when Ben Bernanke left his position as Fed Chair, "It's all over but the Yellin!"
Looks like XRP is not going to be for the faint of heart. Going up even faster than Palantir. Can't help but think that both are hedges against the Great Reset and other fascist conspiracies, but hey, makes as much sense as dollar cost averaging into gold for the last 25 years.
Not seeing where they say that for XRP. Are you sure? Webull says you can trade BTC, BCH, ETH, and LTC, which of course anyone can trade using Grayscale trusts through a regular brokerage. Grayscale added Bitcoin Cash and Litecoin recently.* They added Ethereum last year, and they already had trusts for Bitcoin and Ethereum Classic before that.
If indeed you can buy XRP there now, that would be bullish. Being difficult to buy can sometimes raise the price of an item, but generally for something with ample supply, availability is good, opens it up to more buyers. (Hmm...also more “traders”.)
So what is the explanation of the huge uptick? Rising tide? More focus on Spark as it gets nearer?
*and darn it, after the initial overpriced opening and the predictable subsequent drop, don’t you wish you had bought both of those?
Too bad I need it to double again, thanks to Cred (who has over half of my XRP). Not to mention the other coins where they have some, most, or all of mine. I get notifications from the Uphold app when anything I bought from them moves. Ooh, look at that, Stellar, BAT, Digibyte, and OMG are all up double-digit percentages. Oh, wait, never mind, some Ponzi-running punk took all of those.
Oh, well, go...XRP!
Happy that everyone is finally seeing some green, especially you dollar cost averaging types. Just remember there are two sides to a spike. That’s what makes them so pointy. These double digit days tend to be followed soon by a pullback. Although last time we went from 30 to 40 cents, that held for... how long? A couple of months.
When we can buy through Fidelity once again, then I will be happy. If you can still buy with E*Trade next week after they start applying their new Caveat Emptor policy, then I will be happy.
When we get back to a penny, I will be ecstatic.
I did not mean to actually buy shares through TD Ameritrade, G D it! ...even at 0.0032. That was supposed to just be a test to see that they would let you buy it; I did not figure somebody would slap that low. Good grief! Should have made it 0.002, I guess.
Now I need this to go up to 0.0047 just to cover the commission.
SMH (with extra chagrin)
I assume you are not buying through Fidelity. They are still not back on board. Schwab, yes (and with zero commission). E*trade, yes (commission also yes) this week, not so sure about next week.
TD Ameritrade, also yes, with an even higher commission (dirt cheap by last century's standards, prohibitively high now).
Fidelity has not get the memo; maybe tomorrow. But not yet.
: - )
Might be an opportunity there.
Just saying... if no buying with Fidelity now... then I can't imagine you will be able to buy with E*trade next week, unless we get the only news we need... that you can buy and sell this with all major brokers.
Buy and sell, not just sell. Is that asking too much, Hawk? Thought we were clear of Schreiber, so why any further delay?
So... instead of twenty cents on the dollar, I'll get back four, after the lawyers get paid. Great.
: - )
I may need to do a Roth conversion to balance out this dumpster fire. Or is that considered income, not capital gains? Anyway, if that is an option, I may finally get around to doing a self-directed IRA. Still have to figure that one out.
Oh, has it really been that long? Since I last put in a limit order to buy low? I guess it has. As for E*Trade, this is the last week before they implement their new Caveat Emptor rule. Need that paperwork up to date, folks.
C'mon, I know you can do it. Go... Hawk!
Well, darn, this one fell out of Fidelity favor. You could trade it there (commission free) and now you cannot. I assume that means next week when E*trade applies its new Caveat Emptor rules and stops being the place you can trade any old cr*p, you won't be able to buy it there either.
Your broker will still let you sell, of course. And somebody somewhere can buy, but if the places you can buy are few and far between, that means more accounts can only sell and not buy. How do you think the law physics will apply to that scenario?
I assume an updated filing of paperwork takes care of this. Otherwise there is no point in there being any good news. If you cannot buy, then news (good or bad), rumors, and the rest of it are completely useless. Becoming current itself will be the news. Will the content even be relevant?
Not sure it is in MY best interest for them to be able to simply file for bankruptcy. Pretty sure that loss would be a capital loss and could take what will feel like ages to carry forward at $3000 per year. That is nothing. And is it just me, or is it criminal that number has never gone up in all my years of investing and filing taxes. How is that possible? At the very least, there ought to be a “catch up” provision for older folks, like there is with IRA limits. Uh oh, don’t get me started...
Seriously, why is it that some things are adjusted for inflation but others are not? Every year the social security threshold goes up, but the limit on education accounts remains at 2K per year. Good grief, it took twenty years for them to start increasing IRA contribution limits from that measly amount.
I wonder how many victims of this disaster would be better off if Mr. Schatt and company were charged federally with fraud. That would allow everyone to take the loss as a Ponzi scheme type loss, like folks were able to do for tax year 2008 thanks to Mr. Madoff. (When you think about it, Bernie’s Ponzi scheme was not the biggest of all history, nor even the biggest one to fail that year, if we broaden the definition—just a bit.)
Buy on the rumor, sell on the fact. Apparently that law has not been repealed.
That’s OK, I just got here. Barely got toe wet. Now we get to work.
Needed to know about this two weeks ago, darn it. Oh, well, so this has been around for only six weeks and the easy money has already been made (for now). But I can already trade weekly options on it? With strike prices at every dollar, sometimes every fifty cents? Sweet! I could get into a lot of trouble with this one.
Oops, looks like I already am. That’s why God invented dollar cost averaging.
Lesson learned: when investing with former PayPay people... stick with Peter Thiel!*
Dan just last-named all over a lot of people and their near term plans.
*and if I had looked up the spelling of his name two weeks ago, I would have been up 50% (talking about PLTR, of course)
We were supposed to have units in schools, this before CoVid. Then they did not need them with distance learning. Now maybe SANDD units will be more useful than ever when the children physically return to school, but that might not be for a few months yet. If that happens in California, it could be worth a few ticks.
Go.... Hawk!
Yeah, I got that message, too; physically hurts.
Funny, you worry about crypto hackers, do what you can to avoid being a cyber-victim by following instructions from the likes of CryptoCacey (and not just because she’s cute)...and then they get you with good old fashioned shenanigans, nothing to do with your email address or passwords.
My crypto holdings are tiny now. Less than half of what I had in XRP will be with Uphold where they will honor the Flare drop when it happens next month.
And I have no idea how you write off a bankruptcy. I am guessing it won’t apply for the 2020 return, as it will still be in process next year, I assume.
I hazard to think what XRP needs to get to in order to ease the pain. Not the previous high. That certainly won’t be enough.
Oh, well, I guess it’s a good thing the pandemic kept me from quitting my day job.