Yappydappy
voted
There're two kinds of earthquakes. The first one is shaking up and down, and the second one is side to side. The up and down earthquake usually causes more significant damage to one's property. And the same goes for the stock market; up-down shakes cause money loss. The big shake did happen in the market on Wednesday.
Major averages fell more than 1% on Wednesday after a morning rally faded. After having advanced as much as 1.9% by late morning, the $S&P 500 Index (.SPX.US)$ gave up all its gains in the afternoon along with the $Dow Jones Industrial Average (.DJI.US)$ and $Nasdaq Composite Index (.IXIC.US)$ , which fell the most on the day. All three indexes breached key technical levels during the session.
Good luck to all the mooers, and hope you won't get hurt.
Major averages fell more than 1% on Wednesday after a morning rally faded. After having advanced as much as 1.9% by late morning, the $S&P 500 Index (.SPX.US)$ gave up all its gains in the afternoon along with the $Dow Jones Industrial Average (.DJI.US)$ and $Nasdaq Composite Index (.IXIC.US)$ , which fell the most on the day. All three indexes breached key technical levels during the session.
Good luck to all the mooers, and hope you won't get hurt.
![Daily Poll: Up and down shaking earthquake.](https://ussnsimg.moomoo.com/1638430489142-77777000-android-org.gif/thumb)
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Yappydappy
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$MicroStrategy (MSTR.US)$ adds almost 9,000 Bitcoins to its holdings in third quarter. ![]()
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MicroStrategy, the business-intelligence software company that holds so much bitcoin on its balance sheet, has become something of a proxy for the world's biggest cryptocurrency. The company said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.
At current prices: 114,042 BTC = $61,900 * 114,042 ≈ $7.05 billion
MicroStrategy's market cap ≈ $7.50 billion
The company's bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.5 billion...![]()
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Does that mean MicroStrategy stock is almost equivalent to Bitcoin ETF?![]()
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On Thursday, MicroStrategy CEO Michael Saylor also retweeted a previous tweet of his from Oct. 28, 2020 revealing that he personally owned 17,732 bitcoin that he purchased for an average price of just under $10,000. He added the comment that "you do not sell your #bitcoin," implying that he still owned all those coins. At current prices, they would be worth roughly $1.1 billion.![]()
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Mooers, what do you think?![]()
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MicroStrategy, the business-intelligence software company that holds so much bitcoin on its balance sheet, has become something of a proxy for the world's biggest cryptocurrency. The company said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.
At current prices: 114,042 BTC = $61,900 * 114,042 ≈ $7.05 billion
MicroStrategy's market cap ≈ $7.50 billion
The company's bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.5 billion...
Does that mean MicroStrategy stock is almost equivalent to Bitcoin ETF?
On Thursday, MicroStrategy CEO Michael Saylor also retweeted a previous tweet of his from Oct. 28, 2020 revealing that he personally owned 17,732 bitcoin that he purchased for an average price of just under $10,000. He added the comment that "you do not sell your #bitcoin," implying that he still owned all those coins. At current prices, they would be worth roughly $1.1 billion.
Mooers, what do you think?
![MicroStrategy stock ≈ Bitcoin ETF?](https://ussnsimg.moomoo.com/7281685355497610695.jpg/thumb)
![MicroStrategy stock ≈ Bitcoin ETF?](https://ussnsimg.moomoo.com/7831087402218862284.jpg/thumb)
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The stocks all red! How?
Yappydappy
liked
$DiDi Global (Delisted) (DIDI.US)$ if SEC concluded that DIDI need to be delisted due to some compliance issue, will it give a certain timeframe for shareholders to liquid the shares?
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Yappydappy
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I've created a portfolio in these sectors.$Random winners$Welcome to follow it!Medical Biology:15%Computer:25%Internet and Media:20%Commerce:25%Leisure services:10%Food & Beverages:5%
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Yappydappy
commented on
$Meta Materials (MMAT.US)$ hopeless... Only can HODL
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