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MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 35
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November 25th, 2022 at 9:43:51 AM permalink
As far as this FTX debacle if the guy put the company's assets where he was supposed to, and where investors understood assets to be placed or used, then it just turns out to be a company that failed. If assets were used in ways that were not in keeping with disclosures, then the matter becomes criminal.

This underscores the potential danger of even legitimately run crypto exchanges if an improperly run exchange that later goes under buys them out.

People who bought into FTX's own cryptocurrency FTT I suppose stand to lose as much or more than those who simply stored their crypto at FTX. (FTT peaked at almost $80. in 2021 - it is now valued at less than $2, but surprisingly there is still a market for it.)
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
OnceDear
OnceDear
Joined: Jun 1, 2014
  • Threads: 58
  • Posts: 6725
December 12th, 2022 at 12:41:37 PM permalink
Threads gone kinda quiet.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
Hullabaloo
Hullabaloo
Joined: Nov 30, 2014
  • Threads: 16
  • Posts: 450
December 12th, 2022 at 7:15:37 PM permalink
Quote: OnceDear

Threads gone kinda quiet.
link to original post



Well.... according to CNBC

"Elon Musk is no longer the wealthiest person, according to Forbes, after a decline in Tesla share price meant that LVMH CEO Bernard Arnault knocked him from his lofty perch.
OnceDear
OnceDear
Joined: Jun 1, 2014
  • Threads: 58
  • Posts: 6725
December 13th, 2022 at 1:24:31 AM permalink
Quote: Hullabaloo

Quote: OnceDear

Threads gone kinda quiet.
link to original post



Well.... according to CNBC

"Elon Musk is no longer the wealthiest person, according to Forbes, after a decline in Tesla share price meant that LVMH CEO Bernard Arnault knocked him from his lofty perch.
link to original post

Elon Musk is not MDawg.
There's something missing here, of late. Where are the reports of MDawg's profitable trades in these falling equities.
Is he not trading?
Is he losing and not telling?
Is he winning and not boasting?
Might it be that some trades ended up booked as 'additions to long term holdings'
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 35
  • Posts: 5696
December 13th, 2022 at 8:13:06 AM permalink
Market doing like Tony the Tiger today. Grayyyyyt!

Haven't traded at all lately, been too busy with other work and matters. I did have an order for AMZN at 86 the other day but it didn't get quite that low that day.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
Ace2
Ace2
Joined: Oct 2, 2017
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  • Posts: 2153
December 19th, 2022 at 11:34:47 AM permalink
Looks like the latest sucker rally is probably over. This was the third major sucker rally of the yearÖthe previous two peaked in March and August.

If weíve already hit bottom then this would be the mildest bear market in history. Doubtful but you never know

Real estate values have now declined for six consecutive months in several markets, with a cumulative drop of about 12%. Unlike stocks, real estate prices donít alternate between up/downÖthey almost always go in the same direction for years. If the RE market implodes, watch out below
Itís all about making that GTA
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 35
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December 19th, 2022 at 12:05:02 PM permalink
I did buy some more AMZN at just below 85 today, will hold past today if need be. It's the first new position I have entered in some time.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 23rd, 2022 at 10:03:15 AM permalink
We have some upward movement today.

Reminds me somewhat of December 2018 - we hit a rock bottom on December 24, 2018, then moved steadily upwards the next three months.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 83
  • Posts: 9786
December 23rd, 2022 at 12:53:09 PM permalink
Quote: MDawg

We have some upward movement today.

Reminds me somewhat of December 2018 - we hit a rock bottom on December 24, 2018, then moved steadily upwards the next three months.
link to original post



With the uncertainty of the economy, where would you guess the S&P and DOW will be one year from now. I am speculating it will be up less than 5% a year from now and would not be shocked if it was down as much as 5%. I expect a large negative period in the 2nd quarter and then slowly coming back later in the year.
Order from chaos
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 35
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December 23rd, 2022 at 1:21:13 PM permalink
I'm just saying that when this happened,

Dow dives 600 points to below 22,000, S&P 500 enters bear market ó worst Christmas Eve ever I was stuck in this AMZN trade I had entered a few weeks or so prior where I was down seven figures at the worst, and that was just a trade, my long term shares of AMZN dipped more than just a million, and yet three months later, I sold those extra shares at a profit as they came all the way back up.

In other words, you just never know and my tendency is to think that after periods of selling the buyers will swoop in enough to take us to new highs. Others, tend to think that selling begets more selling.

Looking back, I wish I had bought calls three months out in about any stock, would have made a mint. Of course that sort of pipe dream thinking is always perfect - anyone who wants to buy calls three months out today would probably be as reluctant to do so today as on Christmas Eve 2018 - BUT, I actually do know more than a few people who started buying around late November 2018 and kept buying all the way down, and held on until they made quite a bit of money.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/

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