Post by
InvestABCs on Feb 23, 2021 1:30pm
The Hard Truth
The huge spike was a sector wide pump, and some of the companies used the opportunity to release news.
GBLC's was closing on the Babbage deal.
Nothing is jumping out at me on this spike except Babbage, the majority of their ongoing business has not changed, some rinkydink contracts...
BTC is clearly the weathervane for all cryptocurrencies and blockchain and mining equities.
BTC up 10%, equities go up 80%
BTC down 10%, equities tank 25%
Does this make any sense other than the sector has turhned into a casino? It is mimicking the cryptocoin space, and that is precisely why i was out yesterday... this has turned inot a circus....similar to the late 2020/2021 shroomboom. There are still a ton of winners and legit companies in both spaecs, and tons of moolah to be made, but approach with a sense of reality...
All this talk about the GBLC business itself is BS. Nothing has changed to support this uptake....reeks of millenials and reddit goofs just clicking buttons.
No bash, was a great play at .15 cents.... LOL. Could hit a buck, but the volatility to get here is unreasonable and not appealing to investors, only to gamblers and dayflipdonkbeeches
Best of luck....beep!
Comment by
bmeister2 on Feb 23, 2021 7:37pm
Quite a monologue you have here. Now you sold,so you can prognosticate on other BTC's and I will take my chances with good ol GLBC. Some of your points are well taken but I would rather hear from people still in the stock. Would you buy back in if it hit 15 cents?
Comment by
InvestABCs on Feb 23, 2021 7:48pm
Absolutely. Best of luck bud... Unfortunately each blockchain equity is the same now...the daytraders and rookie investors have flocked in. Spin the wheel and choose your play. The Babbage acquistion and their actual BP has almost no relevance during these times. Lots to be made. Get er done son!!!!! I have popcorn in hand
Comment by
InvestABCs on Feb 23, 2021 7:49pm
Yes i would at .15 .15-.30 based on merits which is why i was in at .15 and not .35 All good either way...ive been on donk and nondonk plays, as well as had same thing happen in the shroom sector Welcome to markets 2021