by Travis Johnson, Stock Gumshoe | May 7, 2021 6:16 pm
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Great article and analysis as always. Thank you
Thanks as always Travis.
Regarding galaxy and crypto in general do you subscribe to tbe bitcoin bull run cycle which supposidly happens every four years due to the halving?
Most of the reports i have read point to a drop in prices at the end of the year followed by a four year bear market until the next halving. T hat would obviously affect the value of galaxy or do you think the institutional buying makes it different this time?
There again is the 5 year lockbox a master move on your part that ensures that you hit the next bull market in 2025 π
Speculator’s Dream….DogeCoin.
It’s funny, I don’t use any of the streaming services but I bought this “Highsense-Roku TV” just because it was the right size and reasonably priced.
I don’t know if Roku made money on me or lost money on me (I guess, if they pay to put their name on the TV) π
Regarding crypto exposure, have you looked at Silvergate Cap Corp (Silvergate Bank) SI? Thank you as always for your excellent analysis and comments!
I bought 100 shares of SI at $14 It was and still is recommended by Teeka Tiwari. It went as high as $177. I sold at around $154 and made $14K Right now at $96 I just bought back in . When Bitcoin goes back up so will SI. They offer crypto to institutional investors. Shares of the crypto bank Silvergate Capital (NYSE:SI) traded 16.5% higher as of 11:05 a.m. EDT today after the company announced a new partnership with Facebook’s (NASDAQ:FB) yesterday.
So what
Silvergate announced that it will become the exclusive issuer of Facebook’s Diem U.S. dollar-pegged stablecoin, formerly known as Facebook’s Libra project. Silvergate will also manage the reserve dollars for the Diem.
Stablecoins are cryptocurrencies tied to other assets such as gold or the U.S. dollar in order to provide more stability to the digital currency, but still reap the advantages digital currencies can offer when it comes to payments solutions.
Hi Travis,
Now that INTZ is no longer in the RMP, do you think you have a room for a different cybersecurity company? Have you looked into KNBE? If not then I would suggest you do. Itβs a Recent IPO, Good ARR, good number of customers and not reliant on a few customers, and is taking a different approach to cybersecurity (more of an education play).
Thanks Travis! Great article as usual.
Great article (as always) – I loved Galaxy before you wrote this, and I love it more after. BRPHF has been carrying my pathetic little portfolio for a hot minute. This was a really deep dive on their financial outlook and business trajectory and I really appreciate it – thank you!
@Travis Johnson – Totally unrelated to your Friday File note / question – with TTD announcing a split and their huge numbers, followed by a parade of selling the news – what are your thoughts?
Surprisingly huge move, to me it looks like selling because of The Trade Desk’s relatively small beat compared to its own history, and relatively pessimistic outlook compared to Roku and Google and others in the space. It’ll take a while to shake out, I like TTD and it’s now below my “highest price I could consider paying” price for the first time in a long while… but it is also, we should note, even after a substantial decline, still trading at the kind of premium valuation that we have only really ever seen once, during the dot-com bubble.
Thank you for your thoughts. I was on the verge of pulling the trigger but I think I will stay on the sidelines for the time being – just to see how things settle and where.
Spot on Travis. I pulled the trigger a bit early today.
Travis why do you buy GLXY.TO rather than BRPHF?
I would be fine with buying either and actually own both — when I have the option, I prefer to buy on the home exchange… but with Canadian stocks the pricing match tends to be very good, and if they do get the NY listing they say they’re aiming to have by late this year then BRPHF will probably become GLXY on the nasdaq at that point.
Finally signed up. Sorry I took so long. You have always been the A+. And you never shut me out, just kept sending excellent information; a far cry from all the marketing emails. Thank YOU for hanging in there.