LMCane said:

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zgolfz85 said:

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bmoochie said:

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Brewmaster said:

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now is your bitcoin dip, if you haven't dipped your toes in yet. IBIT is how I'm rolling, but others may go MSTR, MARA, straight up bitcoin. bitcoin is at the bottom of a rising channel, under 98k could mean it invalidates, so low risk here assuming you set a stop.

IBIT at $56, minus 5% for your stop = set stop at 53.2, or looser 10% $51.

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For the life of me I can't and don't think will ever understand Bitcoin. I have not done a ton of research so if I am ignorant on the subject, so be it. But it just feels like a made up entity and that we the buyer are giving an arbitrary value to it. it make no sense to me. Dollars/Gold/Silver. All physical that I can touch and trade and hold. That's what makes sense to me.

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I used to have a lot more (as in fractions of a single coin), but have been selling on the ride up. 50/50 on whether I screwed myself out of an earlier retirement or not. I'm down to just about 5k in holdings now vs what was once a much larger number. I had decent gains, but nothing crazy.

I have buddies that are all in for life and others that refuse to touch it. My savviest investing buddy swears that quantum is going to be the end of crypto and won't even talk to crypto investors anymore.

so, all that to say...who knows

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if one is planning to invest in BTC

just buy the actual Bitcoin- why buy stock in MSTR or buy MARA when you can buy the real thing and not worry about if Michael Saylor has a heart attack or decides to retire tomorrow?

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Because both of those are now proxy levered products for BTC. But me personally, I trade chart setups. I've been watching MARA for a long time. I've made a ton of money on it over the last couple of years and I think anyone who has followed my entries has too. I posted I was watching for the $20 area a week or two back. I plan my trades ahead of time and execute if they follow the blueprint. Lastly, I TRADE THEM, not own them. These will absolutely get crushed again and they will blow up accounts. When my targets or hit, or the plan breaks down, I am OUT.

09Ag said:

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Heineken, why do you think MARA continues to be held down despite BTC and all the other proxy going up? I've been getting killed on it but don't want to sell for a big loss.

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MARA is the cream of the crop miner. Before this year, people who wanted to have exposure to BTC but didnt want to use a crypto exchange overwhelmingly chose MARA. Now, there are plenty of avenues. On top of that, the BTC miner playbook is to leverage heavily during bull runs and then devalue shareholders in bear runs to pay off the underwater leverage. At the same time, its getting more expensive and capital restrictive to mine while the reward is less than previous cycles.

Just like with gold and silver miners, these companies are late to the party on bulls and get decimated in bears. Now they are all shifting to the Saylor strategy of outright buying BTC and adding to their balance sheet. If BTC goes higher, it should REALLY lift the miners, as the valuation of the balance sheet cant be ignored. But it works both ways, and when their valuation drops below their cost basis, it's going to be very painful for them in the next bear.

This is why I actually think CORZ might be best positioned for the future. They sell every coin they mine. If we get a big bear, they won't have anything dragging them down assuming they don't take on new leverage. But they are one of the top miners in volume. That means they will still be booking profits while everyone else is paying off debt and removing downside exposure. Now it doesn't mean CORZ won't drop as well. But likely not as much.

Beautiful rally today. AAPL is back to green on the week and $1 away from all-time high

AAPL closes at new 52 week high. Wow

Dan Scott said:

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TSLA close is ugly

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PLTR wasn't

Heineken-Ashi said:

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Penny stock to keep an eye on.. GWAV

Quote:

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CHESAPEAKE, Va., Dec. 2, 2024 /PRNewswire/ Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company"), a leading operator of metal recycling facilities across Virginia, North Carolina, and Ohio, has taken a transformative step by acquiring the real estate for seven of its core facilities. This strategic iniative, facilitated through a purchase from Chief Executive Officer Danny Meeks, thereby reduces the Company's annual rent expenses by approximately $1.7 million, enhancing cashflow and positioning Greenwave for future growth and potential high-value strategic transactions.
Unmatched Competitive Edge in the Metal Recycling Industry,

Greenwave holds a portfolio of highly coveted operational licenses for its metal recycling facilities. These licenses, often protected by grandfathered municipal codes, provide significant barriers to entry for competitors in tightly regulated markets.

Key highlights include:

• Norfolk, VA Facility: Positioned near the largest U.S. Naval Base, Greenwave's Norfolk facility benefits from a steady influx of prime scrap metal and holds one of the only Virginia Department of Motor Vehicles automotive recycler/demolisher licenses in the city.
• Virginia Beach, VA Facility: Greenwave operates the sole metal recycling facility in the state's largest city, Virginia Beach, strategically located near NAS Oceana and the region's thriving industrial core.
• Portsmouth, VA Facility: A cost-effective hub for domestic and international shipments due to its proximity to the Port of Virginia, the Company's license for its Portsmouth facility is shielded by grandfathered regulations.

For more information, please see the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 2, 2024.

About Greenwave One of the Mid Atlantic's Leading Metal Recyclers
As an operator of 13 metal recycling facilities, Greenwave Technology Solutions, Inc. supplies leading steel mills and industrial conglomerates with ferrous and non-ferrous metal. Because steel is one of the most commonly recycled materials worldwide, Greenwave supplies the raw metal utilized in critical infrastructure projects and U.S. warships vital to American national security interests. Headquartered in Chesapeake, VA, the Company has 167 employees with metal recycling operations across Virginia, North Carolina, and Ohio.

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CEO also recently purchased 377k shares and owns 2M directly. They have a 17M float. The stock has had two splits over the last 4 years. Stocks like this are risky. But this one could be worth some chump change.

Quote:

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Greenwave to recycle 550,000 pounds of non-ferrous metal, estimated to increase Q4 2024 and Q1 2025 revenues by approximately $2 million.

Leveraging municipal, state, and federal agreements further establishes Greenwave's leadership in metal recycling

CHESAPEAKE, Va., Dec. 12, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces it has been awarded an exclusive government contract for the recycling of 550,000 pounds of non-ferrous metal, estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2 million.

Greenwave Technology Solutions, Inc.'s Footprint of Metal Recycling Facilities in Virginia and North Carolina as of December 11, 2024

Key Competitive Advantages:

• Extensive Footprint: Greenwave operates a footprint of 13 metal recycling facilities with significant market share, including three hubs with two focused on processing ferrous metal and one on non-ferrous metal.
• Barriers to Entry: A robust portfolio of operational licenses, safeguarded by municipal regulations, ensures limited competition in this highly regulated market.
• Real Estate Investment: The recent acquisition of key facility real estate in Carrollton, Virginia Beach, Toano, along with four others, fortifies Greenwave's position and prepares the Company for future strategic transactions.

Strategic Growth Trajectory:
Greenwave continues to prioritize government contracts as a cornerstone of its growth strategy, leveraging key relationships across municipal and federal sectors. Notable initiatives include:

• Partnerships for large-scale infrastructure projects such as the Hampton Roads Bridge Tunnel expansion.
• Agreements with numerous municipalities for recycling abandoned vehicles.
• Contracts supporting U.S. Federal Government operations.

Located near Naval Station Norfolk, the world's largest naval base, and the Port of Virginia, Greenwave taps into an abundant supply of prime scrap metal from defense contractors, shipyards, and logistics operations.

Greenwave's Vision:
With unmatched market positioning, a robust contract pipeline, and proximity to key supply chains, Greenwave is poised for long-term, sustainable growth and value creation for its stakeholders.

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Also trying to confirm, but I think a bunch of debt was converted to shares this year (bullish), and they re-gained compliance with NASDAQ.

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Here was my first post on GWAV.