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Opinions on the NEO exchange?

Access to US exchange in Canadian $ basically eliminating exchange and withholding US taxes. CDR.

 
Like noted, the problem they will have is they are a class of business that is benefiting from stay at home due to COVID, once that is over they may be in for serious hurt unless they can pivot.

In sort of hindsight, ride them up, dump and then ride up something like airlines as Peleton (and others) crash and the airlines take off again...
Peleton continues their slide. In a hilarious development, sex and the city used peleton as a product placement and the character died while using it. Shares dropped 6% on a fictional person dying on the equipment. The question is whether peleton recovers or keep sliding to the grave.

 
Another interesting crypto transaction. An NFT was listed for sale at 0.75 eth instead of 75 eth. 0.75 eth is ~$3000. A bot scooped it up before the listing could be cancelled and paid a $32,000 processing fee to get the transaction through quickly. Nft has been relisted for sale at $250,000. You better have your bot coding foolproof if you are letting it spend $32,000 a transaction.

 
Peleton continues their slide. In a hilarious development, sex and the city used peleton as a product placement and the character died while using it. Shares dropped 6% on a fictional person dying on the equipment. The question is whether peleton recovers or keep sliding to the grave.


Good news, Big is alive. Peloton up 7%

 
Guess at what time Elon Musk stated DOGE will be accepted by TESLA for certain items....

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Guess at what time Elon Musk stated DOGE will be accepted by TESLA for certain items....

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It will be interested to see if the SEC ever grows balls with him. He is a one man market manipulator. Although, as long as he focusses his manipulation on crypto, I'm not sure they can do much.

In the last month, he has sold ~$12B in Tesla stock to pay an upcoming tax bill. If he put the money in Doge, made the announcement and then sold, he would be up over $4B in five minutes. Pay his tax bill and still have billions left over. This assumes that multi-billion dollar transactions wouldn't substantially move the price of Doge. I have no idea what the "market cap" of Doge is (what is the proper term for a pile of vapour?).
 
It will be interested to see if the SEC ever grows balls with him. He is a one man market manipulator. Although, as long as he focusses his manipulation on crypto, I'm not sure they can do much.

In the last month, he has sold ~$12B in Tesla stock to pay an upcoming tax bill. If he put the money in Doge, made the announcement and then sold, he would be up over $4B in five minutes. Pay his tax bill and still have billions left over. This assumes that multi-billion dollar transactions wouldn't substantially move the price of Doge. I have no idea what the "market cap" of Doge is (what is the proper term for a pile of vapour?).
Yup, his own personal pump and dump.
 
XEQT is interesting. It's buying most of the market. It has almost 10,000 companies under it's umbrella. It would be interesting to see if the return differed from an index with a fraction of the holdings and half the MER.

It has done me well.

I used to do XAW VCN etc but XEQT was more set it and forget it. Also cheaper then hiring someone so I stuck to it.

Once I hit 500k that will change
 
I was contemplating ditching my Israeli defence contractor earlier this week as it was underperforming and it was up 7.5% today. Bah. beating the average is mostly gambling with slightly better odds than a casino.

LSPD pfffftttt. Down about 30%. Letting it ride.
 
Another crypto blip. For some reason, coinmarketcap had crypto values way off(eg bitcoin at $8.6M instead of $61K). Peoples holdings were in the billions or trillions of dollars. Many tried to sell to take advantage of the glitch. Most transactions were not processed. A few that were were subsequently cancelled and crypto returned. Wtf. If it is a decentralized transaction with no single overseer, who decides what transactions occur (or even worse get reversed)?

 
People running for safe stock right now with interest hikes coming. EV stocks getting hammered.
I looked after lunch sometime and I was mostly red, looked now and almost all green (-0.52% is only negative, the rest up to +3.56%)
 
People running for safe stock right now with interest hikes coming. EV stocks getting hammered.
Wouldn’t interest rate hikes show that the economy is on the upswing? Oh wait….everything’s been ass backwards.
 
Wouldn’t interest rate hikes show that the economy is on the upswing? Oh wait….everything’s been ass backwards.

What generally happens when interest rates go up is people pull money out of the market to invest in bonds, GIC's etc. If you can get 7% guaranteed with no risk, vs a bipolar high-risk stock market that may or may not yield the same, guess where most people go? Anyone remember the double digit interest rates of the 1970s? Killed stock investments.
 
What generally happens when interest rates go up is people pull money out of the market to invest in bonds, GIC's etc. If you can get 7% guaranteed with no risk, vs a bipolar high-risk stock market that may or may not yield the same, guess where most people go? Anyone remember the double digit interest rates of the 1970s? Killed stock investments.
If GoC bond yields go to 7%, housing prices will crash 80%.
Ain't going to happen.
Canada has only three sectors:
Economically sensitive,
Interest rate sensitive,
Inflation sensitive,
Staying away from the first two would be wise.
Caveat Emptor.
 
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