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Post by Baph on Aug 2, 2017 22:34:06 GMT -5
bought at 15.175 Come on long series of unexpected theater blockbusters! I got in around that as well and I set it up to alert me if/when it hits $20, at which point I'll try to do some research and decide to hold or fold.
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Post by Deleted on Aug 3, 2017 9:24:50 GMT -5
Got in at 15 even this morning. Thought I would have to change my order but upon opening, it shot down to 14.98. Let's get this party started.
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Post by Baph on Aug 3, 2017 11:17:22 GMT -5
With streaming and other tech options developing and becoming easier/cheaper, it's unlikely to regain it's former value, but I strongly suspect it will bounce back up from $15 and a well-timed sell-off can get some small gains here.
Buying on a dip is one of my go-to moves.
Chipotle after the food poisoning scare. Volkswagen after the emissions scandal. Facebook after the IPO tanked from $40 down to $17.
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Post by Premier on Aug 3, 2017 12:09:41 GMT -5
Just sold my 102 shares of Netflix at 179.60 a share. Bought them a while ago for 95 a share. It was mid 180 a couple of days ago, but this shit about them being 20 billion in debt scared me. Maybe its bullshit, but fuck it, that stock was great to me. Even if it goes back to the once projected 200 dollar price, I've made my money already.
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Post by Baph on Aug 3, 2017 14:39:04 GMT -5
Just sold my 102 shares of Netflix at 179.60 a share. Bought them a while ago for 95 a share. It was mid 180 a couple of days ago, but this shit about them being 20 billion in debt scared me. Maybe its bullshit, but fuck it, that stock was great to me. Even if it goes back to the once projected 200 dollar price, I've made my money already. Them creating original content is a huge game changer, and a lot of these upcoming season 2's are going to be massive. I had the same instinct several months ago (made a lot on Netflix, got in early) and it just keeps evolving. I'm gonna ride this one out for a while.
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Post by Angelo on Aug 3, 2017 16:38:09 GMT -5
With streaming and other tech options developing and becoming easier/cheaper, it's unlikely to regain it's former value, but I strongly suspect it will bounce back up from $15 and a well-timed sell-off can get some small gains here. Buying on a dip is one of my go-to moves. Chipotle after the food poisoning scare. Volkswagen after the emissions scandal. Facebook after the IPO tanked from $40 down to $17. It is going to be awhile before you can beat the quality of a theater/blu-ray, even streaming. 1080p TV is still 4-5 years away before stations start trying to do that. Streaming does such massive compression that a 4k stream from Netflix/Amazon doesn't even come close to a 1080 blu-ray, and a 1080p stream from a service is shit compared to an uncompressed 720. And all that but of course (though doesn't affect me as much) the audio issue of streaming. The problem with theaters though, their secondary costs are so high they are losing out on the sub 40 demographic, which is what is hurting them, and they have admitted as much. They already are saying they expect a Q3 loss as big or bigger than the one that caused them to plunge 20-odd %. On the plus side, experts are predicting 18' to be a great year for theatrical releases. I think their buyouts though in Europe are gonna wind up biting them on the ass though.
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Post by Deleted on Aug 4, 2017 9:30:48 GMT -5
I'm cautious on any stock that is theater related for one reason.
That method of distribution is dying slowly as Hollywood starts embracing cheaper distribution methods.
This year's summer box office earnings are down 2 billion from last year.
And there has to be a correlation to streaming services there. I mean, look at Guardians of the Galaxy 2. That movie was in theaters like a month ago. It'll be available on Amazon next week for streaming. Two weeks before the Blu-ray is even released.
Remember when the turnaround between a theater release and its digital release was at least 6 months? That's not the case anymore.
And personally, if given the choice between sitting in some semi comfortable chair watching a massive screen where I cannot consume alcohol or marijuana is just not as enjoyable for me as laying in my amazingly comfortable bed, and watching it on my own television. Part of it might be that I get to pause the movie and have sex sometimes. The other part of it might be that anytime I feel like sparking a bowl, I can. So watching movies at home has become far more enjoyable then watching them in the theater is. Plus for about the same cost as going to the theater, I actually own the movie and can watch it again whenever I want. I like that added value. I think a lot of other people do to.
Maybe. And this is a really big Maybe, given the history of Stephen King novels adapted to film, The Dark Tower can give theaters the shot in the arm they need to boost the summer box office numbers. But that's a really big Maybe. Even Spider-Man didn't perform as well as the secret life of pets Did Last Summer during the same time frame. That seems fucked up to me. But it could also be a sign that even comic book movies are not immune to the effects of streaming services having such a quick turnaround today.
I have not seen Spider-Man or Guardians of the Galaxy yet. But as soon as those things show up on Amazon or Netflix, I will get right on it.
Think about it. On the one hand I would have to hire a babysitter, take my wife out to dinner, then buy the movie tickets, then get over charged for popcorn, and drinks. Then I sit in a chair that doesn't have proper back support for someone over 6 feet tall, and I can't even Vape. At the end of the night I will have spent several hundred dollars.
Or.
No babysitter. Put the kids to bed. I just saved 40 bucks. Get takeout. Just saved another 40 bucks on a tip that I didn't have to give a server. Probably another $160 on the overall bill because you don't do take out from 4 star restaurants, but if you're taking your wife out she's probably going to want to go to one.
So staying home to watch the movie saves me $240. Which I could then invest in about 16 shares of AMC, but would probably invest in a streaming company instead.
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Post by MMAJim on Aug 4, 2017 9:50:35 GMT -5
I think part of the thought on all stocks and in this particular case with AMC is whether or not 15.00 was the bottom. They were projecting 32 not that long ago. If it gets back to 20+ or 25+, and levels off because of all the reasons people have said. That is still under-performing, yet an investment win. It seems like a good plan until the stock falls off the table or you hold out too long and the stock goes back down (see my AVP buy low, not pay attention to selling high, and we're back to low #fail).
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Post by Deleted on Aug 4, 2017 11:15:33 GMT -5
I think part of the thought on all stocks and in this particular case with AMC is whether or not 15.00 was the bottom. They were projecting 32 not that long ago. If it gets back to 20+ or 25+, and levels off because of all the reasons people have said. That is still under-performing, yet an investment win. It seems like a good plan until the stock falls off the table or you hold out too long and the stock goes back down (see my AVP buy low, not pay attention to selling high, and we're back to low #fail). I think my issue is that it doesn't line up with my usual strategy of holding for a long time. And the potential bounce is not significant enough. They had two billion dollars of their market share taken by streaming this summer. Do we suspect that number is going to increase or decrease? Good gauge to check in that regard would be cable and satellite subscriptions. Those are going down. The biggest reason being people cutting the cord and switching to streaming services. Then you check streaming services subscription numbers, and you find that the companies that manufacture streaming devices are currently struggling to keep up with the demand. Those two things write half the message on the wall. You'd have to put a lot into AMC, and hope for a five or six point bounce if the current box-office slump breaks in August. But you'd have to drop 150k into a questionable stock just to pull back a 5K return. Given the volatility of the theater market right now that's a gamble I would not take. Risk is too high and the return is too low. But I hope you get the bounce you're looking for.
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Post by MMAJim on Aug 4, 2017 12:15:38 GMT -5
Concur that it likely isn't a long hold.
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Post by MMAJim on Aug 7, 2017 9:58:28 GMT -5
Need Porcelain Slab manufacturer or distributors that are publicly traded companies. Preferably ones poised for growth.
Thanks
copyright Tony and Kyle
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Post by Angelo on Aug 7, 2017 17:33:27 GMT -5
Need Porcelain Slab manufacturer or distributors that are publicly traded companies. Preferably ones poised for growth. Thanks copyright Tony and Kyle HAHA I looked into that for a second actually. Probably earn more looking at a European company actually as it is set to grow even faster there, in fact the poised growth of porcelain slabs because of advancements in them was front and center topic of interest at European trade-shows 4 years ago. Seems less a company that distributes them so much as a company that currently does ceramic/porcelain production that likely can and will take advantage of the growth. But they are a dime a dozen, so figuring out which one is the question, and that also assumes that the big Chinese producers aren't the ones that wind up flooding and controlling that market.
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Post by Baph on Aug 7, 2017 22:04:50 GMT -5
Concur that it likely isn't a long hold. I'm more of a semi-long hold guy as well, but most of these trading platforms allow you to set buy and sell limits and notices, so when this thing hits $20/share Schwab will dump the whole thing for me without me lifting a finger.
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Post by Deleted on Aug 8, 2017 9:05:45 GMT -5
Bitcoin.
Jesus. Fuck.
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Post by Deleted on Aug 8, 2017 9:20:30 GMT -5
Bitcoin isn't fucking around. Am hoping ethereum picKS up some steam as well.
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Post by Deleted on Aug 8, 2017 15:20:35 GMT -5
Dilemma:
Bitcoin makes your portfolio worth 6 million dollars.
You've spent five years planning a totally separare venture that will eventually make 5 times that per year.
Do you cash out? Or ride on?
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Post by MMAJim on Aug 8, 2017 16:00:17 GMT -5
Cash out.
Go conservative for a bit.
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Post by MMAJim on Aug 8, 2017 16:04:50 GMT -5
My longer answer is that it all depends on what you intended your investment to be and where you want to go. If your investment goal 8 years ago was to get that portfolio to $3M and obtain total financial freedom (in your view and lifestyle) then strongly consider getting out at $6M.
If you have always viewed your end goal to be $10M 10 years from now, then I would still start to alter the portfolio, enjoy the rewards of past risks, and minimize future risk.
If you're bat-shit-driven by the excitement of making more money than you could reasonably expect to use under your current lifestyle, then don't just let it ride, double down on risk with about $5M of the portfolio and hold $1M back as a lead parachute.
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Post by Deleted on Aug 9, 2017 12:39:53 GMT -5
I can't bring myself to unload it. After going over all the numbers with both my tax attorney (wife) and my accountant (not my wife) it makes sense to slowly disburse it over a longer timeline.
Accountant went off on this whole big explanation about how Bitcoin (BTC) is the reserve currency for all of the crypto-currencies and new ones are popping up all over the place. I guess if you want to start a crypto-currency, you have to start with Bitcoins. His reasoning is that the price of BTC should continue to climb, if not at the explosive rate of the last few months.
Given what I'm about to be getting into, and given Little Jeffy Sessions' asset forfeiture fetish (that hasn't reared its head, yet) it makes sense to have a reserve supply that is beyond the view of federal regulators. Just in case I end up having to have a legal battle with the entire Federal Government. Or in the event that this next venture doesn't succeed for some reason, I'll still have retirement well covered.
The volatility of BTC is cause for some concern, I suppose.
But one of my closest friends reminded me of something last night. 7M can go away. The demand for our product never will.
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Post by Baph on Aug 9, 2017 12:58:41 GMT -5
Disney going to war with Netflix. Interesting. Both are down today. Messy divorce, but who will come out on top?
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Post by Deleted on Aug 9, 2017 13:29:58 GMT -5
Disney going to war with Netflix. Interesting. Both are down today. Messy divorce, but who will come out on top? The whole streaming industry is like Game of Thrones. You end up seeing companies that you never thought would be competing with each other- competing with each other. AT&T buys DirecTV specifically to get their feet into the television industry. They immediately develop DirecTVNow to get into the streaming side of stuff. Amazon goes from being an online book store to now being a provider of streaming services. And rather than compete with everyone, they take the approach of - Hey we know you're our competition, but we'll put a window to your service on our service anyway. We are going to make our service be what everyone uses to access your service, and in the process they'll watch our stuff too. And now Disney is saying screw it to letting Netflix distribute their movies, and are going to develop their own service? I think this is actually good for the consumer. Really being able to decide exactly what you want to pay for instead of having to deal with bundles of this and bundles of that. DirecTV used to drive me crazy. 2000 channels and nothing on.
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Post by Deleted on Aug 9, 2017 16:22:50 GMT -5
I can't bring myself to unload it. After going over all the numbers with both my tax attorney (wife) and my accountant (not my wife) it makes sense to slowly disburse it over a longer timeline. Accountant went off on this whole big explanation about how Bitcoin (BTC) is the reserve currency for all of the crypto-currencies and new ones are popping up all over the place. I guess if you want to start a crypto-currency, you have to start with Bitcoins. His reasoning is that the price of BTC should continue to climb, if not at the explosive rate of the last few months. Given what I'm about to be getting into, and given Little Jeffy Sessions' asset forfeiture fetish (that hasn't reared its head, yet) it makes sense to have a reserve supply that is beyond the view of federal regulators. Just in case I end up having to have a legal battle with the entire Federal Government. Or in the event that this next venture doesn't succeed for some reason, I'll still have retirement well covered. The volatility of BTC is cause for some concern, I suppose. But one of my closest friends reminded me of something last night. 7M can go away. The demand for our product never will. Are you saying you own $7mm in bitcoin stock personally?
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Post by Deleted on Aug 9, 2017 18:39:12 GMT -5
I bought 2000 of them six years ago. A few months after that my wife was pregnant with our first kid and I forgot I had bought them. It's not stock, it's a form of currency itself. I had to set up a separate account to buy it. So it never showed up in my quarterly portfolio report from my brokerage and just slipped my mind.
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Post by Deleted on Aug 9, 2017 18:56:09 GMT -5
Confuckinggrats man!!!!
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Post by MMAJim on Aug 9, 2017 19:25:22 GMT -5
I bought 2000 of them six years ago. A few months after that my wife was pregnant with our first kid and I forgot I had bought them. It's not stock, it's a form of currency itself. I had to set up a separate account to buy it. So it never showed up in my quarterly portfolio report from my brokerage and just slipped my mind. #sell!
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Post by Angelo on Aug 9, 2017 20:33:31 GMT -5
I bought 2000 of them six years ago. A few months after that my wife was pregnant with our first kid and I forgot I had bought them. It's not stock, it's a form of currency itself. I had to set up a separate account to buy it. So it never showed up in my quarterly portfolio report from my brokerage and just slipped my mind. #sell! Not that my opinion matters but I agree. Sell about 750 of them and let the rest sit.
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Post by Deleted on Aug 9, 2017 20:59:02 GMT -5
I bought 2000 of them six years ago. A few months after that my wife was pregnant with our first kid and I forgot I had bought them. It's not stock, it's a form of currency itself. I had to set up a separate account to buy it. So it never showed up in my quarterly portfolio report from my brokerage and just slipped my mind. Unless you are worth 10x that you would be insane not to sell over the next 3-6 months. You are talking about something that can easily be replicated or wiped out by an intangible product... or easier the government can wipe out its value with policy change. I know people think bitcoin is here to stay... but I don't think for one second the federal government is going to sit on the sidelines and not have total control of a currency at play.
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Post by Deleted on Aug 10, 2017 8:31:57 GMT -5
I have my plan solidified. But I will say that the federal government is incapable of breaching this network and taking it down even a couple of pegs. We're talking about a Global Currency here that most likely didn't even start in the United States. And here is an article that explains why I am not selling the overwhelming majority of these coins: futurism.com/bitcoin-can-get-to-100000-if-it-keeps-following-one-of-techs-golden-rules/
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Post by MMAJim on Aug 10, 2017 9:22:42 GMT -5
Well, I just bought 200 PotCoins to test out how it works.
I assume any new ventures in Maine will be vigorously promoting the use of them?
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Post by Deleted on Aug 10, 2017 10:05:34 GMT -5
Well, I just bought 200 PotCoins to test out how it works. I assume any new ventures in Maine will be vigorously promoting the use of them? I don't know if I'm going to be allowed to accept cryptocurrency on the wholesale side. They are doing a lot of work on the law to ensure as much compliance from a tax perspective as possible, and cryptocurrency payments would make black market transactions a lot easier. But. It would not surprise me in the least bit if you found retail locations that started accepting things like pot coin. It gives your customers an added level of security to not have to carry cash into your store. The irritating thing is that some states seem to be moving in the direction of trying to prevent that from happening as well. With regards to the marijuana Market, cryptocurrencies are an example of the market meeting a demand. The government forcing all marijuana transactions to be cash puts the seller and the buyer at risk. So them curtailing cryptocurrency use at dispensaries is a little baffling. Potcoin has been kind of dead in the water. I read about them a few months ago and it seems like they are having trouble getting their Network to take off. Their idea is great. But they might not be the company that takes their idea to the highest level. It would probably be a good idea to look for other cryptocurrencies that are geared towards the marijuana Market. Because one thing we can say fairly certain is that more states are going to legalize marijuana. The more that market expands, while the federal government forces that market to be a cash-only market, the more likely it is that marijuana related cryptocurrencies are going to have a demand that needs to be met with a supply. I'd say that was a great move Jim, but to try and keep an eye for emerging ones that might succeed in places where potcoin failed. Market penetration in places like California and Nevada and Colorado would be strong indicators of likely success or failure in my opinion.
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