So...What would the SPY play be this week for 4/30 expiration.

420 is current daily +3 ATR @$1.00. See how futures open tonight.

I know a lot of this board, myself included, is hoping he's right:

GT - any concerns about supply chain distributions? I would think so.

My top stocks:
ABNB, AMZN, MRK, OPEN, CX, UPWK ($50 or $55 target price ??), EXK (silver), PINS

Copper strikes taking place in Chile tomorrow.

Copper about to do the damn thing the next few days.

DubFalls said:

---

What's the value of the Bitcoin held by MARA?

---

great question... I found this:

MARA bought $150 million in bitcoin for around $31,100 apiece during the crypto asset's recent price rout. The Nasdaq-listed firm said Monday it purchased the cryptocurrency through institutional bitcoin (Jan. 25, 2021)

and bitcoin really running today

Irish 2.0 said:

---

McInnis 03 said:

---

clinto said:

---

Sentiments on Amazon? I feel like they're gonna crush earrings. Anyone planning on building a position if we have the chance on Monday?

---

This is the spinner bait to the bass. Amazon earnings.

Don't know what to expect, but if they announce a split I still stand by my talk that I'll put an unhealthy amount into shares immediately

---

I don't see this happening until Q4 2021. Think they're saving it for Andy Jassy for when he assumes CEO role in Q3. It'll give him a PR boost and good running start.

---

I don't care for him or many of the current Amazon execs for what it's worth. No amount of PR will save him. As a buyer, Azure is a more compelling value prop to me vs AWS.

Ragoo said:

---

GT - any concerns about supply chain distributions? I would think so.

---

Quite possible. Do you know where they source?

Cloud computing comment for you guys: how you think about cloud is going to change with meaningful adoption of edge computing for low latency AI/ML, with an emphasis on computer vision. Amazon is not guaranteed to dominate. Pay close attention to Azure (MSFT) and GCP (GOOGL). Also, keep your eye out for IPOs for software companies that are offering edge capabilities.

Speaking of recent IPOs, take a look at UI Path. This is a solid product for RPA. My friend does part time consulting for their exec team and he thinks they're going to get dialed in soon.

Thundergon said:

---

Keep an eye on $AI. I scalped it last week and it could keep basing in channel a bit more but look at what a move Model T would be.

---

How do you get the ATR bands on mobile?

Don't forget NET

I added the keltner channels study for the 21 ema period under the studies tab for +1, +2.

BREwmaster said:

---

DubFalls said:

---

What's the value of the Bitcoin held by MARA?

---

great question... I found this:

MARA bought $150 million in bitcoin for around $31,100 apiece during the crypto asset's recent price rout. The Nasdaq-listed firm said Monday it purchased the cryptocurrency through institutional bitcoin (Jan. 25, 2021)

and bitcoin really running today

---

Here's what I found: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/marathon-patent-mined-196-bitcoin-215928722.html

They had a little over 5,000 BTC at the start of April, so let's just say they have 6,000 BTC now. And let's say they could sell it for $60k each for some reason.

That means their non-CPU assets are worth $360 million but the company has a market cap of over $3 billion.

The market is irrational but there is no way that stock is anywhere near where you'd want to be buying it for the long haul. If you want BTC exposure go gamble on that by buying BTC.

How do you have yours set up? Values are different than mine on the same timeframe.

Do you know why it sold off for 45 days?

DubFalls said:

---

BREwmaster said:

---

DubFalls said:

---

What's the value of the Bitcoin held by MARA?

---

great question... I found this:

MARA bought $150 million in bitcoin for around $31,100 apiece during the crypto asset's recent price rout. The Nasdaq-listed firm said Monday it purchased the cryptocurrency through institutional bitcoin (Jan. 25, 2021)

and bitcoin really running today

---

Here's what I found: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/marathon-patent-mined-196-bitcoin-215928722.html

They had a little over 5,000 BTC at the start of April, so let's just say they have 6,000 BTC now. And let's say they could sell it for $60k each for some reason.

That means their non-CPU assets are worth $360 million but the company has a market cap of over $3 billion.

The market is irrational but there is no way that stock is anywhere near where you'd want to be buying it for the long haul. If you want BTC exposure go gamble on that by buying BTC.

---

what tech company has assets equal to their market cap?

Ragoo said:

---

DubFalls said:

---

BREwmaster said:

---

DubFalls said:

---

What's the value of the Bitcoin held by MARA?

---

great question... I found this:

MARA bought $150 million in bitcoin for around $31,100 apiece during the crypto asset's recent price rout. The Nasdaq-listed firm said Monday it purchased the cryptocurrency through institutional bitcoin (Jan. 25, 2021)

and bitcoin really running today

---

Here's what I found: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/marathon-patent-mined-196-bitcoin-215928722.html

They had a little over 5,000 BTC at the start of April, so let's just say they have 6,000 BTC now. And let's say they could sell it for $60k each for some reason.

That means their non-CPU assets are worth $360 million but the company has a market cap of over $3 billion.

The market is irrational but there is no way that stock is anywhere near where you'd want to be buying it for the long haul. If you want BTC exposure go gamble on that by buying BTC.

---

what tech company has assets equal to their market cap?

---

How would you value the company? Does it's future cash flow from mining seem like it will pick up enough to justify the valuation?

I'm sure they will mine and grow in value, but that's a lot of Bitcoin to mine or price of Bitcoin to increase in order to justify the difference between present and future value.

Thundergon said:

---

I added the keltner channels study for the 21 ema period under the studies tab for +1, +2.

---

Got em. Thank you sir!

I have each ATR line yellow with the moving average red. I've tried out other values but like the 21 EMA best thanks to 30k. It's just a guide for me, I focus more on the moving averages. I do all my trading on IBKR but their mobile app is terrible compared to the charting capabilities of the TOS app.

DubFalls said:

---

Ragoo said:

---

DubFalls said:

---

BREwmaster said:

---

DubFalls said:

---

What's the value of the Bitcoin held by MARA?

---

great question... I found this:

MARA bought $150 million in bitcoin for around $31,100 apiece during the crypto asset's recent price rout. The Nasdaq-listed firm said Monday it purchased the cryptocurrency through institutional bitcoin (Jan. 25, 2021)

and bitcoin really running today

---

Here's what I found: https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/marathon-patent-mined-196-bitcoin-215928722.html

They had a little over 5,000 BTC at the start of April, so let's just say they have 6,000 BTC now. And let's say they could sell it for $60k each for some reason.

That means their non-CPU assets are worth $360 million but the company has a market cap of over $3 billion.

The market is irrational but there is no way that stock is anywhere near where you'd want to be buying it for the long haul. If you want BTC exposure go gamble on that by buying BTC.

---

what tech company has assets equal to their market cap?

---

How would you value the company? Does it's future cash flow from mining seem like it will pick up enough to justify the valuation?

I'm sure they will mine and grow in value, but that's a lot of Bitcoin to mine or price of Bitcoin to increase in order to justify the difference between present and future value.

---

the story isn't today. They are going to add 100,000 mining machines over the next 10 months.

Ragoo said:

---

Do you know why it sold off for 45 days?

---

I do not know for certain why it sold off that much. Think it was a combination of the growth stock boom in February and lots of forward expectation priced in. Then the growth names all pulled back which was compounded even worse by their first earnings report in March after going IPO which did not meet expectations.

BTC rally

Hope we don't have a bull trap, and that small caps continue to go up from their small bump last week.

$30,000 Millionaire said:

---

Cloud computing comment for you guys: how you think about cloud is going to change with meaningful adoption of edge computing for low latency AI/ML, with an emphasis on computer vision. Amazon is not guaranteed to dominate. Pay close attention to Azure (MSFT) and GCP (GOOGL).

---

AWS is already way ahead of others on edge, and it's not even close. Others will get their piece of the pie, but not sure why you're saying they aren't guaranteed to dominate when they gave such a large head start

McInnis 03 said:

---

Buy write on MVIS right now makes some sense........buy shares, sell May $17c for $4 or so

---

I saw this just before close Friday. Put order together and then got distracted by work and then kid. Never placed. Now look at it this morning!! Sums up a good bit of my trading experience since August.

Guess I could still do similar at this level but it still wouldn't be as good downside protection