hard apple supposedly bought 2bil worth of btc
it's not confirmed yet in public, but there are talks about it

this might pump both apple and btc if true

I am going to start piling up money held at a personal level and on my HSA and see how this market workouts over the next three months.

This post was edited by S3th on Jul 18 2021 07:36am

hasn't been a good weekend for Tesla/microsoft/apple

Well to be fair the market is slumped today as a whole. Everything needs to average down at some point.

This post was edited by SBD on Jul 19 2021 09:42am

I just want to give people a heads up.

Robinhood is set to IPO soon under the ticker HOOD. They are doing so via direct listing. Why does it matter? Well it matters because when you go this route there is no lock-up period for insiders to sell their stock. Typically under traditional IPO there's usually some sort of share sale lockup from insiders, be it 90, 180 whatever days. This way they can't start selling their shares immediately and this basically provides at least some stability in the price action when it first comes out.

I would be careful with buying this at the currently quoted levels. IPO's are just a liquidity event for smart money to basically cash out of their long awaited investments. I kind of feel we may see something similar to what happened with COIN, who also went the direct listing route. Massive price spike and then huge money lost as insiders dumped stock.

If anyone is looking to buy HOOD, I personally would hold off for at least a month before doing so because you know they will come out with some pumped up valuation. Let the insiders dump, let the retail frenzy die out and then if you choose to buy do it after the price has found some support.

I'd recommend an IPO ETF for those even considering IPO investing.

both good points


@ofthevoid did you go into DIDI?

Naa. Last ipo I bought was coin at 320. I usually try to stay away from ipos

Anyone else buying $BODY during this dip?

Ty for heads up.