this man's tweets have preceded a price drop 8 out of 8 times perfectly
that's better hit rate than Mia Khalifa, Meek Mill & Soulja Boy
you vs. the guy she told you not to worry about
update 😭😭😭
just look at this volatility...
now if you're holding a heavily leveraged position out here you're getting rinsed 💦💦💦
won't even hit a margin warning, straight clean out
@djsbu can tell your intentions come from a good place. These streets desperately need more educational content on crypto ++ major help getting their hustles on lock
If you ever want to jump on a Space to tag team & talk crypto hmu. We have the same end goal 💪🏽💪🏽
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here's why this headline is inflammatory, polarizing & fuels divisive rhetoric
also - it's blatantly misleading & inaccurate [thread]
let's unpiece this - line by line
1. 1% = rank TANKING 2. it's BAD because it's the lowest close since two weeks ago 3. WORST performance against emerging market currencies 4. bond yields JUMPED 12 basis points in three weeks
sounds terrifying right? it actually isn't
SA government bonds are among the most liquid & traded developing market fixed income securities globally
the South African rand (like many emerging market currencies) is also pretty volatile
should a 1% daily move spook anyone? absolutely not
a huge benefit of a functioning country is eliminating the redundancy
desperation also opens the door to exploitation
take home solar financing for instance
when you run the hard numbers the effective return across many providers is astronomical — it’s often a terrible financing deal for the end user
you can’t sell a solution if there isn’t a problem
people who profit from problems - like fund managers who make money from offshore capital or your local solar panel guy will ALWAYS be negative on any turnaround
what’s good for a country isn’t always what’s good for business
over the years I've printed decent racks across stocks, crypto, exotic derivatives, football, pro wrestling, poker, blackjack & even predicting Oscar winners
very important - there's a MASSIVE difference between investing, trading & outright gambling
Aviator = outright gambling
you may be familiar playing Aviator on the Betway platform but it's not a game engineered by Betway
Aviator is a game offered internationally by a global i-Gaming company Spribe founded in 2008 & their success has been meteoric
- listing valuation multiples are on the rich side (esp for a 5% margin business), some optimism baked into this price**
- Transaction Capital using a meaty chunk of proceeds to settle their own debt (short term credit facilities) is a rough place to be
- not entirely convinced on the SA macro industry growth outlook story being positioned here
** I really love IPOs where a bit of money is left on the table... this doesn't look or feel like one of them 📈📈
there's an entirely separate conversation around listings by private equity & how much juice gets extracted before assets eventually get to market... you're often pretty late to the party as a retail investor
another convo is the @JSE_Group being starved of high quality IPOs
if you hold Transaction Capital stock, the TCP price should fall by the relative value contribution of WeBuyCars
(the maths doesn't always work out 100%**)
**shout-out naspers/ prosus sum of the parts ruining every investment banking analyst's life in 2019)