RE:RE:RE:RE:Interesting Company
IDK has some bad timing, that being said, I never saw the amounts or if they have even bought crypto yet, I read the announcement...they said they are going into crypto....who knows how this will affect their cash? Regardless they are a blockchain, AI company and that is not going away anywhere soon. Banking applications etc...this is a small stock and subject to volitility, everyone wants to make money fast and easy in this space, retail investors are in and out very fast. Look at MJ stocks this week, down 30% and now right back to their previous levels. Institutional and HF investors love a good panic, they get to make loads of money on the movement. If you believe in Sheldon's vision, you can't time markets, just wait and see. If you hate volitility, then buy a bank stock. It would seem the massive swings of SX have motivated a lot of short term buys. I am interested in the numbers, what is IDK into, for how much, what is the next aquisition and how are they building revenue. Personally I am not a fan of actually owning crypto, that is a trend that will swing around in a market that is easily manipulated and subject to millenial panic. It will stabalize and so will idk....just sit back and do research and post good info on the board so we can all learn something about the company.