What other tech stock to consider?

[blckdmp]

Not sure what the protocol is on this thread for suggesting stocks that you already own, especially "penny stocks". (Mods pls delete if I'm out of line). Anyway, this has been a long, long time holding for me with lots of ups and downs, but I think that it's finally going to come into its own soon(ish?). The stock is Poet Technologies, (PTK on the TSX Venture exchange in Canada). It's a relatively tiny outfit working in the integrated photonics space, but the management is world class. Lots of top talent from GlobalFoundries and others. They've pivoted several times over the years, but seem to have settled on an attack plan that has a lot of potential, with agreements with some of the largest foundries. I know the stock price and the exchange are big red flags, but I think/hope that this is their time to break out of that exchange onto a more respectable platform. As always, DYODD, not investment advice, IMO etc. etc...

Good info is hard to find on them. Here's a link to a recent "promo" interview that covers the basics of their plan. (The agoracom.com PTK forum is probably the go-to place for investor discussion on the company)
VIDEO - POET Technologies $PTK.ca Launch Of LightBar For Data Centers "Is An Inflection Point For The Company"

 

[JRP3]

I assume he is talking about MMEDF.

Market not liking the upsized offering apparently.

 

[Causalien]

Market not liking the upsized offering apparently.

haha nope.

But mmedf is a NASDAQ inclusion play. Just like our TSLA is going through. There's another with about the same thing going on. I am surprised it affected the whole mushroom space though.

 

[MXWing]

ABNB - anyone buy with the recent drop?

I’m still looking for $30+ Drop to buy in.

Still overvalued at $69.69.

 

[AudubonB]

Athenex (ATNX) is a pharmaceutical name whose outstanding achievement, in my book, is that it has been the sole dog in my portfolio for the two years I’ve owned it.
The company received full FDA approval yesterday for treatment of actinic keratosis, which is a common (I believe most common) precursor of squamous cell carcinoma.
I’ve been looking at balancing some capital gains with this name but it is possible that ploy might not work out. This could be interesting.

 

[ClownMouth]

Do we have a bitcoin expert? I’m looking for bitcoin exposure in my Roth using my 2021 contribution. Is the purest play $GBTC, and if so, is it the case that 1,000 shares are equal to owning 1 bitcoin? I know the math doesn’t work that way but I think the premium is essentially the custody fee. I also know $SQ, $PYPL & $MSTR have some on their balance sheets. But I basically am looking to add 1 bitcoin to my Roth (I will need to free up space elsewhere as I can only contribute $6K). I am aware of the risk & the fact some people have questions about its value. That is not what I’m asking here.

 

[MXWing]

Do we have a bitcoin expert? I’m looking for bitcoin exposure in my Roth using my 2021 contribution. Is the purest play $GBTC, and if so, is it the case that 1,000 shares are equal to owning 1 bitcoin? I know the math doesn’t work that way but I think the premium is essentially the custody fee. I also know $SQ, $PYPL & $MSTR have some on their balance sheets. But I basically am looking to add 1 bitcoin to my Roth (I will need to free up space elsewhere as I can only contribute $6K). I am aware of the risk & the fact some people have questions about its value. That is not what I’m asking here.

Your question does not a require a PH.D in cryptology and ciphers.

GBTC is the purest BTC play you can get as an equity.

Premium is 10% ~ + 2% management fee.

GBTC is the only vehicle to get it in your IRA.

 

[ClownMouth]

Your question does not a require a PH.D in cryptology and ciphers.

GBTC is the purest BTC play you can get as an equity.

Premium is 10% ~ + 2% management fee.

GBTC is the only vehicle to get it in your IRA.

The premium as I type is closer to 18% and over the last few weeks it’s been roughly 14-18% when I’ve checked. I’ve also found contradictory info online so I thought I might get a better answer here. Since your math doesn’t check out but your answer was condescending I’ll start my PhD in crypto & ciphers while I await other input.

 

[MXWing]

The premium as I type is closer to 18% and over the last few weeks it’s been roughly 14-18% when I’ve checked. I’ve also found contradictory info online so I thought I might get a better answer here. Since your math doesn’t check out but your answer was condescending I’ll start my PhD in crypto & ciphers while I await other input.

Be sure to check back and apologize when you end up doing exactly what I told you to do to get BTC in your IRA which is buy GBTC.

Considering BTC markets are highly volatile and open 24/7 while the stock exchange has defined hours - I cannot possibly imagine why tracking percentage might be inconsistent?

Or retirees don't always go to Coinmarketcap, and divide by /1000 before they squeeze the trigger on Vanguard or Fidelity. LOL

 

[ClownMouth]

Be sure to check back and apologize when you end up doing exactly what I told you to do to get BTC in your IRA which is buy GBTC.

Do you charge a commission for advising me to literally do the thing I brought up myself? We’re all winning so big on this $TSLA forum yet often snark persists among us. You’re probably a great guy/gal. I probably am too.

 

[MXWing]

Do you charge a commission for advising me to literally do the thing I brought up myself? We’re all winning so big on this $TSLA forum yet often snark persists among us. You’re probably a great guy/gal. I probably am too.

You got me. And I would agree. (To you being a good guy/gal)

I have very much considered setting up a process that would measure the tracking premium difference between GBTC and the underlying. Purchasing perhaps in a blue moon where GBTC falls below the underlying price.

If you ever get a BTC wallet, let me know so I can send you a cup of coffee in crypto as a peace offering. Thats probably 00000000000001 right now LOL.

 

[Cosmacelf]

I bought some IPOB, sold it for a slight profit and bought IPOC hoping it was going to be The Boring Company. It's a healthcare startup that I'll likely keep.

Why would Boring go the SPAC route? They could do a regular IPO - valuation would be higher, less fees to the SPAC.

 

[ggr]

Why would Boring go the SPAC route? They could do a regular IPO - valuation would be higher, less fees to the SPAC.

Why would they want to list at all? Starlink is the only one of Elon's businesses that would benefit from listing.

Hmmm... unless of course Boring wanted to self-fund constructing tunnels. But I'd still be surprised.

 

[MP3Mike]

unless of course Boring wanted to self-fund constructing tunnels.

But they are already doing that: The Boring Company wants to expand all over Las Vegas, report says - Roadshow (cnet.com)

Anyway, the new proposed loop will span the entire city. Construction will be funded primarily by Musk's company this time around, with casinos, hotels and other businesses chipping in for their own stations.

The Boring Company pays for the tunnels and the casinos pay for their station if they want to be connected.

 

[mongo]

But they are already doing that: The Boring Company wants to expand all over Las Vegas, report says - Roadshow (cnet.com)



The Boring Company pays for the tunnels and the casinos pay for their station if they want to be connected.

Chicago was going to be self funded also.

 

[⚡️ELECTROMAN⚡️]

Your question does not a require a PH.D in cryptology and ciphers.

GBTC is the purest BTC play you can get as an equity.

Premium is 10% ~ + 2% management fee.

GBTC is the only vehicle to get it in your IRA.

What about MicroStrategy? Are they holding other cryptos besides BC?

 

[ClownMouth]

You got me. And I would agree. (To you being a good guy/gal)

I have very much considered setting up a process that would measure the tracking premium difference between GBTC and the underlying. Purchasing perhaps in a blue moon where GBTC falls below the underlying price.

If you ever get a BTC wallet, let me know so I can send you a cup of coffee in crypto as a peace offering. Thats probably 00000000000001 right now LOL.

No worries. Peace offering accepted on the strength of the Tesla mission and our TSLA gains...Looks like this bitcoin is going to cost me more than expected in 2021. congrats to everyone with Bitcoin exposure directly or indirectly.

 

[golfcart]

Not sure if it has been mentioned on here (a keyword search for PLUG is useless on an EV forum ) but my buddy got me onto plug power (PLUG) about a month ago. Mostly hydrogen fuel cells... the stock as been on a roll.

 

[JRP3]

Not sure if it has been mentioned on here (a keyword search for PLUG is useless on an EV forum ) but my buddy got me onto plug power (PLUG) about a month ago. Mostly hydrogen fuel cells... the stock as been on a roll.

 

[MXWing]

What about MicroStrategy? Are they holding other cryptos besides BC?

Good question. I'll do some research.

I think if people were to own two cryptos, it would be BTC and Ethereum. Greyscale who owns GBTC also runs ETHE for Ethereum.

No worries. Peace offering accepted on the strength of the Tesla mission and our TSLA gains...Looks like this bitcoin is going to cost me more than expected in 2021. congrats to everyone with Bitcoin exposure directly or indirectly.

It's heresy to say sell TSLA for BTC but if you are overweight in TSLA, it would be a good hedging move.

Depending on portfolio sizing, its probably not the worst trade in the world to just take 38 TSLA, go 1000 GBTC and see what happens.