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Options started trading on Coinbase (COIN) on Tuesday, so longs can now hedge their shares in the crypto platform. We’ve posted a couple of hedges for the company below, in the event Anatoly Karlin’s prediction of a crypto crash this year comes to pass.
Before we get to those, let’s clear up a bit of misconception about the company’s IPO last week.
(more…)In my Virtual Positions post, I wrote the following:
I think these are all terrific plays, except for Netflix, which I am just stupidly putting out there as a raw gamble (I am typing these words during market hours, and by the time you read this, NFLX will do whatever it is doing, so we can see how stupid it was).
Well………
We have looked at anything virtual in a while. Here are my current positions in the virtual trading system (I took this screenshot earlier today; the profits are greatly diminished before the close!)
There are countless examples these days of the unhinged insanity in the stock market, but I’d like to present one in particular: Bumble. Here is their entire business model:
That’s it. Basically it’s like Tinder, except women make the first move. End of story.
So how big a moat is that? I mean, anyone could come along and create a hook-up app where they require the man, the woman, the hippopotamus, or whomever else is the targeted carnal companion, to make the first move.
(more…)
