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Truist Securities lowered Roblox Corp. stock (NYSE: RBLX) price to $70.
The future of blockchain games and metaverse will be the main area of expansion of the NFT industry What do you all think differently?
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$RBLX at 150k mc teams been building for months and streaming roblox check them out on twitter @ RobloxOnSolana
Everyone could have made that mistake. Holding on to RBLX on the other hand...
I would say it's neither bullish nor bearish. ARK still has a sizeable position in COIN, but they bought it at 52 week lows constantly so it doesn't make any sense to not take some profit now. If they had dumped all their shares then I would've said either they know the approval will face challenges, or Cathie Wood is just going full degen mode and will put it all in DKNG or RBLX
Let's say you bought RBLX (roblox) at $100 and it dropped to $30. That is a 70% loss. If you didn't buy more RBLX, you would need your share to more than triple (about 330%) to get back to $100.
My guess is "they're" shorting it for quick cash. "They" took a huge hit recently with the RBLX gamma, and their margin requirements for AMC and GME are getting out of hand, so they're using crypto to get the needed liquidity. I wouldn't be surprised if "they" includes Blackrock again and our favorite, Citadel. Looks like a falling knife too, so be careful.
It's not one individual stock--it's an example of an extremely volatile risk on stock that is up (like many more today), which is exactly what crypto trades like nowadays. RBLX, COIN, OSTK, PTON--all that garbage is what crypto trades with in this environment, and they're all up big which crypto isn't. And when they dump, guess what dumps even more.
Now's actually a terrible time for index funds, as they're full of junk. Now's the time for stock picking. Like, instead of owning the QQQ (which has large positions in NFLX, PayPal, Tesla, etc), buy GOOG, MSFT & AAPL. Or maybe pickup some U or RBLX, great companies at firesale prices.
She buys LEAPs on little-known companies like NVDA, MU, GOOG, AAPL, and RBLX. How can any normal person expect to have that level of insight??
Take your bet on any that are doing the partnerships with the big brands 🤷🏻♂️ my biggest METAVERSE bag is AXS which I think is at a good price relative to where it was. I also hold a small bag of MANA. Don’t forget about the stocks in the sphere too, RBLX is a good entry imo
Bought into MTTR @ 29.28 T @ 27.15 RBLX @ 122.73
RBLX has done that. Penny stocks too. A lot of stocks could and have, but I still prefer crypto.
RBLX is doing very well, and is one of the most popular games on earth among kids.
They have stocks ipo'ed recently. $RBLX wsb likes the stock
the biggest thing they have going for them now is the cash thrown at them. If they are smart they will poach employees from RBLX, FB etc and not piss it away.
Moved all my funds off CoinBase and into TOS. If I had kept my funds there for one more day I would have been able to cash out an extra $35,000........ I convinced myself I'll make it all back on TSLA or RBLX YOLOS
Pump $RBLX NOW Jk, but it just makes so much sense, with metaverse and everything, you basically buy clothes for your character so why not make them NFTs that you could use in other ecosystems
They saw a huge upswing in interest during while everyone was sitting at home stressed and doing nothing. Then they went public. Roblox RBLX did the same thing, and I am surprised that they haven't seen a real reckoning yet.
damn now I want some RBLX, you make a very good point sir.
Wow so many salty people. You shouldn’t be taking financial advice from someone doing multiple short bits on the market. Personally,I like him. I think he’s fucking funny and enjoy watching him. That doesn’t mean I’m going to base my decisions on what to do with MONEY solely on his comments or opinions. Ima at least do some research. And say what ya want but he’s been pretty spot on with Roblox(RBLX). That being said I was waiting on their IPO anyway. My point is he said it was gonna be a good stock and he’s definitely been right. So leave old skeedaddy alone you hateful fucks. He’s also pretty favorable to ETH too. Thinks it will have real world value and utility compared to BTC. Is he wrong there? Anyway,as far as all the tv personalities and talking heads and major players, when it comes To knowing what’s going on,don’t listen to what they say, watch what they do UNTIL NEXT TIME, THATS MY TWO SATOSHi !!
A few weeks ago I bought more ARKK to **reduce** the risk profile of my portfolio. I suppose -10% in two weeks is less than -30% in two weeks so its working 🙂👍 For real though, this year has taught me that I’m a thoroughly contrarian investor. Now that the market and financial media is back to hating Cathy and Bitcoin I feel much more comfortable in my positions. Now if only I could get Cramer to STFU about my beautiful special baby TTWO and its new baby brother RBLX I’d really be at peace.
Sold some RBLX stock to take advantage of this crypto flash sale.
50 and been in for 3 years. My 9 yo son asked about getting in this past year and played with Blockfolio app. He invested a couple dollars in doge. He loved it. Bought a couple more dollars. Wife let him buy a used s9 with money from his bank as he explained to her making the same in six months and being able to have more after that was important and it will help him for college. He sold his doge for $.67. He bought a couple shares of RBLX for less than $10. My daughter is 12 and codes stuff all the time but is not interested in crypto other than the fact she won’t part with her money and now has way less than her little brother. Kids all get it and they really don’t need a lot to start.
Not true. Look at the most recent hyped direct listing of RBLX it traded well above its list price and has only gone up
I’m expecting it to be like RBLX, where the guide price is absolutely flown past. Expecting >50% above this by the time us retail traders actually get out orders fulfilled
People would value a piece of shit at 1 billion sadly. Just look at RBLX - currently at 45 billion valuation... after Corona is over this shit will drop like crazy but people still bought it for 65, 75 and 80.
Interesting, I read some comments in stock and investing subreddits about the Coinbase DPO and most of them thinks this is just another meme stock like GME or RBLX
Nah, I think it'll do what RBLX did a couple weeks back, plus just in general I'd rather buy crypto right now, same goes for mining stocks
If it's anything like Roblox they will continuously test waters at different prices before hand. At the beginning of the day RBLX was like $45 and then kept rising to actually list at $64.5 many hours later.
I was having lunch with my phone open on place order RBLX and all of a sudden showed price so hit purchase
Yeah, RBLX dropped a but for awhile too. Still solid buys though after rebound
Look at what happened to RBLX. Skyrocketed first day before your average investor could get in. Once it finally opened up it went up a little more for a day before correcting pretty hard. I won't buy immediately for this reason. Maybe after a few days.
RBLX is the most recent IPO to look at. And fundamentally not that different of a company (from a layman investor point of view).
Think the RBLX buy and dump would have netted 10% gains. $70 at launch ATH at $77, and only if you had paper hands at a particular point. Personally I’d wait 2-3 years and see what happens. Myself and some others feel $70B is way too high for a company that only collects fees for trades.
Was going to invest first day but after seeing what happened with RBLX I think I might wait a month.
I personally tend to revolve around an industry or topic... Actually it's how I ended up in crypto. I currently have most of my stock portfolio in EV, gaming, and future infrastructure that supports that. And a little aerospace recently (not a long position though.). IOTA was appealing due to their potential in this sector i.e. managing feeless charging microtransactions between vehicles and chargers. For transparency my positions in stock are mucho TSLA, ARVL, FSR (hurting right now) RR, RBLX, CRSR, GMKN, AFLT.
The other recent IPO I was looking at recently was RBLX, but honestly, I'm not sure COIN will be like any other IPO.
Via Fidelity (using 401k funds). I have partial BTC and ETH, and a wad of XLM which I’m intending to hold onto for periods of time. Was able to purchase RBLX options right at they opened at near 66USD. The Roblox property is huge.
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