Market testing the lows from Oct

smashingpumpkins167 12/7/2020 4:47pm
12/7/2020 4:47pm
XXVoid MainXX wrote:
Well, it "might" not be too late to get in ha ha. Smile
I should do pretty good with my California real estate. But my etrade account is a joke right now. I feel like I'm getting better at it though.
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XXVoid MainXX
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XXVoid MainXX 12/7/2020 4:49pm
12/7/2020 4:49pm
The first couple of years I owned TSLA it was a very painful ride and had me questioning what the hell I was doing. But the last year has made up for all that. Smile

The Shop

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JM485
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JM485 12/8/2020 7:55am
12/8/2020 7:55am
XXVoid MainXX wrote:
I'm not sure what that is, first time I've seen it.
factoryfatty wrote:
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40%...
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40% in the past 8 months.


Now all together now..... thank you federal reserve bank for diluting the dollar and pushing up asset prices.

No pain for billionaires
What’s interesting though is we really haven’t seen much effect from it, aside from intangible asset prices like stocks becoming extremely expensive. Bitcoin is my hedge against this, I know it’s a major risk and in the end I could be eating my words in a big way, but given the fact that Square/PayPal is pretty much buying every Bitcoin that is left to mine the supply is quickly being tapped out. It’s an experiment for sure, we’ll see what happens but I’ve looked into it and weighed the pros and cons, I’m a believer.

That said, help me understand why the increase in money supply hasn’t triggered major inflation yet. The prevailing theory I’ve heard is that because the Fed can’t inject money directly into the system, it’s basically been tied up in the banks who will not lend any money out, thus the fresh cash isn’t actually reaching the system. Is that true, or is something else at play here?
factoryfatty
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factoryfatty 12/8/2020 8:58am
12/8/2020 8:58am Edited Date/Time 12/8/2020 2:25pm
XXVoid MainXX wrote:
I'm not sure what that is, first time I've seen it.
factoryfatty wrote:
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40%...
It's a chart of M1 money supply, aka the amount of cash or cash equivalents in the system. The Fed has increased this amount by 40% in the past 8 months.


Now all together now..... thank you federal reserve bank for diluting the dollar and pushing up asset prices.

No pain for billionaires
JM485 wrote:
What’s interesting though is we really haven’t seen much effect from it, aside from intangible asset prices like stocks becoming extremely expensive. Bitcoin is my hedge...
What’s interesting though is we really haven’t seen much effect from it, aside from intangible asset prices like stocks becoming extremely expensive. Bitcoin is my hedge against this, I know it’s a major risk and in the end I could be eating my words in a big way, but given the fact that Square/PayPal is pretty much buying every Bitcoin that is left to mine the supply is quickly being tapped out. It’s an experiment for sure, we’ll see what happens but I’ve looked into it and weighed the pros and cons, I’m a believer.

That said, help me understand why the increase in money supply hasn’t triggered major inflation yet. The prevailing theory I’ve heard is that because the Fed can’t inject money directly into the system, it’s basically been tied up in the banks who will not lend any money out, thus the fresh cash isn’t actually reaching the system. Is that true, or is something else at play here?
Well if you believe the feds official garbage CPI inflation numbers then were only seeing inflation of 0.5%

The Fed has a pretty big incentive to underreport inflation to keep confidence in the dollar, keep a lid on interest rates, and to keep social security payments down because they're tied to the official inflation rate.

In my small world though, in the past 8 months:

The value of my house went from 300K to around 350K.
I could sell my 4Runner for 10k in March, now I could probably get 15k for it.
20 year old 250 2 strokes went from 1500 to now what...3000+
Gold went from 1400-1500 up to floating around 1900
Silver went from 15/oz to now hanging around 25/oz
I've definitely noticed certain items up in the grocery store, mostly meat.

All of this while we have around 30 million people receiving unemployment benefits and huge chunk of the economy is shut down.
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lestat
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lestat 12/8/2020 11:43am
12/8/2020 11:43am
Got in on QS on Friday , really started moving late yesterday .
XXVoid MainXX
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XXVoid MainXX 12/8/2020 11:47am
12/8/2020 11:47am
lestat wrote:
Got in on QS on Friday , really started moving late yesterday .
I didn't buy any but I've been watching it the last several days and it's gone up pretty good.
XXVoid MainXX
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XXVoid MainXX 12/8/2020 11:48am
12/8/2020 11:48am
I finally got tired of my AMZN and traded it all in for SBE and SEDG. I should have bought a little QS as well I think.
FLmxer
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FLmxer 12/8/2020 12:12pm
12/8/2020 12:12pm Edited Date/Time 12/8/2020 12:33pm
Remember when I was talking about very good foods awhile ago? I love the potential and since my daughter is vegetarian we ordered it and it was excellent. The best plant based we have tried and since they are opening 3 new factories to catch up to orders and hired execs from Daisy food, Amazon and whole foods I took some profits from my other spac plays and bought a large position. Going to double it when it pulls back but its looking good the last few days and owned for less than 2 weeks. This is my tenth unicorn of the year. 🙂 no whammies!! I started with 12.5k. I been studying 10 hours a day and putting the work in while doing a little competition with my daughter and it snowballed into dreamers.
Otherwise f2020.

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XXVoid MainXX
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XXVoid MainXX 12/8/2020 1:27pm
12/8/2020 1:27pm
Damn, QS up 35% today. I am up over 12% just since I bought a few an hour ago. Smile I should might have to trade in TSLA tomorrow. Smile
lestat
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lestat 12/8/2020 1:51pm
12/8/2020 1:51pm Edited Date/Time 12/8/2020 5:02pm
FLmxer wrote:
Remember when I was talking about very good foods awhile ago? I love the potential and since my daughter is vegetarian we ordered it and it...
Remember when I was talking about very good foods awhile ago? I love the potential and since my daughter is vegetarian we ordered it and it was excellent. The best plant based we have tried and since they are opening 3 new factories to catch up to orders and hired execs from Daisy food, Amazon and whole foods I took some profits from my other spac plays and bought a large position. Going to double it when it pulls back but its looking good the last few days and owned for less than 2 weeks. This is my tenth unicorn of the year. 🙂 no whammies!! I started with 12.5k. I been studying 10 hours a day and putting the work in while doing a little competition with my daughter and it snowballed into dreamers.
Otherwise f2020.

I remember you talking about it . I bought in at 4.20 . Thanks for the heads up 😁.



QS hit 60 after hours 😳


Edit ... make that 70 .
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reded
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reded 12/8/2020 5:13pm
12/8/2020 5:13pm Edited Date/Time 12/8/2020 5:16pm
QS is too high priced for me at this point. You guys got any other good leads? I scored like a Kennedy on KNDI and BEEM and I’m trying for a strong finish to ‘20.

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colintrax
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colintrax 12/8/2020 5:17pm
12/8/2020 5:17pm
reded wrote:
QS is too high priced for me at this point. You guys got any other good leads? I scored like a Kennedy on KNDI and BEEM...
QS is too high priced for me at this point. You guys got any other good leads? I scored like a Kennedy on KNDI and BEEM and I’m trying for a strong finish to ‘20.
You think the valuation is too high? Level II data looks like its gonna drop some in the morning. Id expect it to bounce back though.
lestat
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lestat 12/8/2020 6:42pm
12/8/2020 6:42pm
Anybody looking at the coming IPO for Affirm ?

I think CGX.TO is going to bounce back in a big way in a few weeks .
Money
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Money 12/9/2020 6:50pm
12/9/2020 6:50pm
Thoughts on Tesla today?
JM485
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JM485 12/10/2020 12:26pm
12/10/2020 12:26pm
^I feel attacked Laughing
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AHRMA361 12/10/2020 5:02pm
12/10/2020 5:02pm
Anybody look at their NVDA lately? Void's question about it way back early in this thread, got me to buy in then.

XXVoid MainXX
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XXVoid MainXX 12/10/2020 6:35pm
12/10/2020 6:35pm
AHRMA361 wrote:
Anybody look at their NVDA lately? Void's question about it way back early in this thread, got me to buy in then.

You getting rich? Smile I never bought any. Sad
XXVoid MainXX
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XXVoid MainXX 12/10/2020 6:39pm
12/10/2020 6:39pm
Dang, I just looked back and it was 133 then, now 518.89. Not bad! I don't think quite as good as TSLA but not bad. Smile I wish I had bought ENPH back then!
lestat
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lestat 12/10/2020 7:12pm
12/10/2020 7:12pm
AHRMA361 wrote:
Anybody look at their NVDA lately? Void's question about it way back early in this thread, got me to buy in then.

XXVoid MainXX wrote:
You getting rich? Smile I never bought any. Sad
I look at other peoples NVDA .... doh . That’s a good score 👍
XXVoid MainXX
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XXVoid MainXX 12/10/2020 7:14pm
12/10/2020 7:14pm
Money wrote:
Thoughts on Tesla today?
Actually it looks like Tesla sold their $5B worth of shares yesterday which probably caused a good portion of the drop. Made a lot of it back today.

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