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  1. The_Krakenite

    Bitcoin "Freefall"

    I guess there might be some support at 30k. So in other words, shorting PUTs under the 30-strike should be worth the risk right? ;)
  2. The_Krakenite

    AMZN biggest weekly drop since Dec 21, 2018

    Amazon is one of the only VERY FEW tech stocks from the 2000 bubble that is still around. I am trying to think now who was the other one.... Oh! Audible. That said, have to give Amazon credit, but yeah, they were stupidly over priced at the time, and still are now. But... having an...
  3. The_Krakenite

    Buying the dip? What stocks are you following?

    Shit's still all over-priced. Hence I'm still sitting on a big power-keg at the moment, waiting for the final show and will make my move just before the dust finally settles (don't look long at this rate). In the meantime, I'm shorting calls to anyone who thinks Bill Hwang's trading strat of...
  4. The_Krakenite

    COIN as a buy and hold?

    I'm still LOLing at those who bought this at IPO rip-off prices. Hate to say I told them so... but... well I told them so. It's still over-priced, considering crypto's hitting it bear market and things are going to get a lot rougher. Going to be less customers, and more competition is still...
  5. The_Krakenite

    Robinhood (HOOD) stock

    52 Week Range: 12.77 - 85.00 Amost there... to $10. How much you think she'll drop in today's upcoming bloodbath? If equities collapse like Crypto did on Friday, HOOD's gonna be delisted and sold only on the OTC pinksheets.
  6. The_Krakenite

    Sell the news.

    I came close for the first time in my life on purchasing PUTs last week (that wasn't a fat-finger order). But... most my trades are on the Montreal and Toronto exchange, which has too-wide a gap in most cases.
  7. The_Krakenite

    2022 looks like 2008

    Another lesson I learned early is that there is nothing new in Wall Street. Not true, we get lots of nice things... like up-tick/down-tick rules to fuck you over... Would be nice to be in a good spot for once and get hit by: Limit UP Limit UP Limit UP For days at a time, but never happens...
  8. The_Krakenite

    The dream to trade.

    But when I attempt to talk to even my best friend about it I get such negative commentary. Why is there a need to talk about it. When I finally had my portfolio to the size I was burning over $500 in theta value a day, I just stopped talking about it altogether. Problem is, when people find out...
  9. The_Krakenite

    Russell 2000 almost in Bear territory

    A lot of bulls going to have trouble sleeping at night again...:)
  10. The_Krakenite

    OK you wise guys - make your call on the 2022 low right here

    I already shorted CALLs on Friday when crypto went over the cliff. So all I can say is BURN BABY BURN!!
  11. The_Krakenite

    This crash needs to play out- it’s dangerous !

    Most of you are better traders than I am but I have seen this before and its best to sit back and let this play out. You're sounding like a one-way investor. If you are truly worried, go buy some puts like an over-paid portfolio manager. Then you can sleep well at night :sneaky:
  12. The_Krakenite

    Options Education - Got a Website / Book / PDF You Like? Post It Up

    Well, I just finished reading this book from front to back tonight. I'm not a short-term trader, but took a look into this for EDUCATIONAL reasons. The first few chapters I guess were ok. Then the rest of the book turned more into.... this is how you do a Butterfly, and this is how we make an...
  13. The_Krakenite

    What happened today and what will happen tomorrow?

    Well, some food for thought. If the US markets were 24/7, then we wouldn't have any gapers to worry about at market-open :)
  14. The_Krakenite

    The SPAC Ship Is Sinking. Investors Want Their Money Back.

    SPACs failed in their first time around, but a lot of inexperienced millennial money helped to fund the SPAC 2.0 craze. Another lesson learned, we (anyone who's been around long enough) knew this was coming. Nothing to see here folks, move along now.
  15. The_Krakenite

    Cathie Woods says stocks not in a bubble, hilarious. I wonder why she thinks that......

    I suppose, if one wishes to make an argument from her reference point (well who really knows what's in her head), it is POSSIBLE that we could NOT have been in a bubble. If the interest-rates were set to remain at nil, then the market would indeed be sustainable at those levels. In fact, if Fed...
  16. The_Krakenite

    is Cathie Wood’s fund in trouble?

    Well, down a chunk at market close, and another half a percent in after-hours trading. But to be fair volume was surprisingly very little today, compared to the two prior. This may be partly due to today being expiration Friday. In any case, today I committed to being a confident bear and...
  17. The_Krakenite

    Anyone Owns SARK?

    I am terribly bad at timing markets, so I'll just stay out of both-sides of the battles. Even the best shorters out there have a high-track record for getting these things wrong (at a huge expense). I'm just smart (or dumb) enough to know where I sit on the Dunning Kruger curve.
  18. The_Krakenite

    Bitcoin Plummeting 11% to $37,980

    So... how come no one ever talks about stock-to-flow models at times like this? :sneaky:
  19. The_Krakenite

    There she goes...

    It certainly didn't help with the timing of the 50 Million Crypto.com hack. One of the main reasons I don't think DAOs like Tornado.cash should exist.
  20. The_Krakenite

    GM going out of business ?

    Who is buying their unsecured notes? I could be wrong, but didn't the bond holders get screwed during the last bankruptcy? Something to do with them not getting priority in line as a debtor should because someone ruled otherwise. That's got to be the ultimate burn for a bond-holder.
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