I’d disagree, and not even on the merits of Cathie. I’ve been long Palantir since IPO before Cathie started buying. The value of data is only going to grow and Palantir’s ability to extract and use that data is a huge asset for their partners. Large companies like Amazon and foreign governments (in addition to the us government) don’t choose their partners lightly. Once their books clean up a little bit (still not profitable but much closer after this recent Amazon deal) and a few more demo days (their last one at end of Jan was great) they will begin to draw in more money.
Similar to why I went long on Sport Radar yesterday. Value of accurate and useful data is only going to go up.
Same as my strategy, just dollar cost averaging on Hut.To and will sell the occasional pop.
I also bought 5000 dogecoin (spent $150 on a lot worse things) as a stash and check it in 2040 "in case" it does pull off a mini bitcoin. Everyone was laughing at bitcoin at the start of the decade, if in 20 years my $150 investment is worth $0 I won't be sad.
Last week I had a few sell orders trigger (srngu at 11.5 and hec warrants at 2.25) even though Questrade showed those 2 securities never hit those prices. Not sure if it's catching people market selling/buying or what
And I will continue to add to Hut.to at every 50 cent drop. First entry (on discord) was in the 3's, dug into their company more and love what they're doing up here in Canada and have been adding up shares
Added more Nio at 32.5
Added more Stpk at 20
Added Gevo at 5.5 (first time owning Gevo)
Added lotto spy 363 puts for march 10 exp and march 12 17.50 sqqq calls as hedges
Added Aapl leaps for end of year 130 calls
and nvda 550 end of year leaps
80% of our money that I'm not allowed to play with
We own our house and both have high paying jobs. My in laws and in-law aunt and uncle both have large net worths (5mill+) and their wealth manager said they'd take us on as part of the family. We keep like 5k in chequings as a baseline to ensure when the monthly mortgage and other bills get taken out there's sufficient funds, and the rest all goes to him. We call it our retirement portfolio because we don't foresee any need to withdraw from it in the near future, but we do have access whenever we need to.
I've never added cash to my Questrade besides the initial deposit last year and grew that 4x (down to like 3x after this last month) hence why it's my "fun money" trading account. I don't plan on adding any more cash to it. If I have a really strong conviction in a single stock (say Tesla falls to 300 in a big crash) I can just call him up and get him to buy it in our retirement account.
My retirement/long term portfolio manager is super happy with how it's performing given he has most of that money in bonds, commodities, banks, etc.
My fun money trading account feels like Lisa Ann after 8 hours of shooting.
Today’s headline flipped to record inflow
I’m sure these will flip multiple times
https://www.bloomberg.com/news/articles/2021-03-02/cathie-wood-s-flagship-etf-roars-back-with-near-record-inflow?utm_source=url_link
Picked up a lot of ICLN today (remember @AriGold2.0 mentioning it around $36). Clean energy has been beat down the past month but it won't stay down for long. Added at $26.02 and have set a prayer and a wish price alert for $22 to add again if it ever gets there.
I went heavy into MAAC on Friday. Liking the team. Big institutional stakes too. Plus with my entry being at NAV my Max downside is only 0.9% so it’s like holding cash with an inevitable nice 10%+ upside. I also grabbed some warrants but heavier on the at Nav commons
These are OTC’s that were heavily front loaded by people who have enormous followings on YouTube TikTok Twitter before “recommending” to their followers, pumping them up. If they had kept it under the radar one here and there they probably could’ve kept going but otc’s were being pumped daily multiple times per day lately.
Bull trap going on? Gonna buy a couple lotto 0 DTE 379 puts in case it is. More than happy to take a loss on them as it'll mean some of my others have recovered much more.