YOLO!!! Seriously though...the next 5 years will be very interesting. We are approaching peak stupid.
https://blogs.lse.ac.uk/businessrev...estors-embrace-both-cryptocurrencies-and-esg/ ^good article. Tsla buying btc is the ultimate culmination of the 2 hottest trends the last few months - esg and btc, but given the environmental concerns, can tsla continue to be considered esg? I don't think retail really cares about esg, current esg surge is retail trying to front run institutions that say they will prioritise esg. It seems obvious to me that if tsla is holding and using btc it shouldn't be considered esg (and included in esg focused funds anymore), but have no idea if market will just close both eyes. When the speaker of the house is making million dollar bets on tsla, the momentum feels unstoppable, and everyone will keep pretending this is fine as long as tsla/btc keep going up.
I'm cynical and believe over 90% of the population would set kittens on fire if it meant profits/easy money. Tragic, but that's how I feel. lol. We see it with alternative energy plays, we see it with pot stocks, GME, etc. Whatever may start out as the 1% trying to do it for a "good cause" ends up being the retail masses (and some institutional/big money investor types) following profits. I don't know if anybody really thinks of Tesla as being an ESG play as much as they do it being an "Elon Musk" play. I mean, they have rockets blowing up spewing crap all over Texas beaches, so ...
Tsla is the catalyst and can do well without esg label, but I meant to ask a broader qn, can so called esg companies still keep the label if they also own/mine crypto? I'm thinking of the solar companies that have 3x in since September, and all the ev and ev charging SPACs. Even before tsla CLSK was trying to do the double - microgrid energy thingy + bitcoin mining, and went 4x.
can't wait to hear to the crying on cnbc. SNDL rev is 97m, income is negative $298m, $7.2bn market cap atm haha. this is much crazier than gme.
New one from the GROW, AVNW & PERI author: Babcock & Wilcox - Turning Around And Repositioning As Provider Of Clean Energy Solutions - Buy With Both Hands https://seekingalpha.com/article/44...ositioning-provider-of-clean-energy-solutions This one is a bit bigger cap tho, may not get the instant pop that GROW and AVNW did. But there is positive PR today too.
$sndl halted, why do I even do this anymore? Spoiler Edit: we back, sold @ 3.75. Nice ride up from .64
since NVDA hit the "golden cross" in mid-Jan, it has risen ~80 pt. it just hit 602.99, 50 pts from the new PT when NVDA hit the "golden cross", i sold a bullish 540/530 PUT spread, collecting $5.55 premium in advance, defining my max risk of 4.45
the flag formation has been aborted, attributable to GM's reporting of chip shortage; trading action has evolved to a double-top. this latest bearish pattern could take the stock price down to the 38% retracement / 50 dma level, ~~ 48- 50 range. exited my credit spreads, still have LEAP diagonals.
@adoo, btw wrt ford and gm's chip shortages, i decided to sell both and buy more klac ytd. holding asml as well. crypto boom will also be good biz for semis - bitmain fabs at tsmc, and tsmc buys equipment from klac asml.
how is this derivative play for the cryto boom TSMC for the semi, PYPL for its ability to enable customers convert crypto $ to fiat currencies ? as for SDGR, i just have share a LEAP CALL, selling covered CALL (Jun 145 strike) off them; and will make directional options play as dictated by TA
haven't followed pypl for awhile, but it makes sense i think. of course best exposure is to just buy the btc. the momentum looks unstoppable, but the amount of power required to mine makes a mockery of all this talk of carbon emissions and esg. bitcoin miners are a potentially even higher return play on btc, but my head spins trying to calculate the hashing power and predicting future mining difficulty, even riskier.
Was interested but the consistent downward trend in revenue between 2015-2019, and the past 5 quarters from 2019-2020 made me pass.