Krim

Investor/trader - Wealth Builder - Entrepreneur. (All posts are for entertainment purposes and are not financial advise.)

[Switch Cat @SwitchCat3]

Contest: Weapon Design Category
#WeaponEntry #MHWilds
“Caravan Companions” Dual-Blades
(by Switch Cat)

"Sturdy blades outfitted for defending the Sand Ships of the Great Desert. The original template contained a note: "My regards to Gore Magala,"

[Switch Cat @SwitchCat3]

Contest: Weapon Design Category
#WeaponEntry #MHWilds

“Wyverian Heirloom” Switch Axe
(by Switch Cat)

"A sleek switchaxe emphasizing an aesthetic reminiscent of the works of master artisans of ancient times. The exact origins of this rare design are lost to the mists of time."

[@amuse @amuse]

UKRAINE: One lone European voice explaining how Trump is right.

[Krim @Kay_Holdings]

@realTrumpNewsX Yes

[Krim @Kay_Holdings]

@realTrumpNewsX A

[Krim @Kay_Holdings]

@realTrumpNewsX あ

[Krim @Kay_Holdings]

@DonaldTNews A

[Krim @Kay_Holdings]

@realTrumpNewsX A

[Elon Musk @elonmusk]

The governor of California just made this parody video illegal in violation of the Constitution of the United States.

Would be a shame if it went viral.

[Elon Musk @elonmusk]

This is exactly what is happening

[💪🎭..Rai ji..💪🎭 @Vinod_r108]

@Morbidful 25 yr old pizza delivery man runs into burning house, saves four children who tell him another might be in the house. He goes back in, finds the girl, jumps out a window with her, and carries her to a cop who captures the moment on his bodycam.

[Krim @Kay_Holdings]

@Alphafox78 Cement truck it is.

[The Maverick of Wall Street @TheMaverickWS]

I don't support Elon Musk. He is the biggest self-serving conniving snake in the grass. But his ego is leading him to a battle against my enemy, the oligarchy that wants to destroy constitutional freedoms in this country. So the enemy of my enemy is my friend.

[Peter R Hann CFA, Goldbug Weirdo/Silver Freak @PeterRHann1]

Now this is pod racing.

I have been preety clear about this move coming. Over the last 2 years on every space call I did with @CrazyLadyTrader I noted $2,100 was the key. It might still come back lower, but I wouldn't want to be short the metal here, not when the market is pricing in FED rate cuts in 2024.

The basic premise is low real rates favour gold, because while it doesn't have a interest rate, it never has a negative real rate, after substracying for storage costs.

Lower central bank rates while inflation still positive means lower real rates, weaker USD.

There is no technical top to trade off here, this is it. You want to take profit here, you could be leaving a lot on the table. Or you could nail the top if you think this is a rug pull. But as i wrote last week, this time feels different.

I do wonder how Bank of America is feeling with their large rumoured PM short position that they were rumoured to have taken away from JPM.

What's not a rumour is that BOA is a prime broker for Citadel.

This will be facinating to watch.

[JustDario @DarioCpx]

#JustDarioDaily

🚨 $NVDA (PONZI) “LIES” UNDER $NVDA NOSE 🚨

I know a couple of things here and there about running a company, from work and direct experience. One thing is how easy it is to "grow" your revenues when your clients aren't going to pay for the goods you deliver. Another is to understand whether revenues are real or not.

$NVDA revenues grew 85% comparing the first 9 months of 2022 with the same period in 2023 to ~39bn$. Wow, how cool! Well.. very nice if it weren't for a couple of red flags 🤷🏻‍♂️

🚩 If $NVDA salespeople are doing such a spectacular job, why aren't their commissions rising in line with the revenues?

"Sales, General & Administrative" costs for $NVDA increased only 7% in the same timeframe.

Wait, maybe the Salespeople are being paid in $NVDA #stocks? Not according to $NVDA, considering that Stock-Based compensation expenses related to SG&A increased from 498m$ to 633m$ in the period, that's only 27% compared to an 85% increase in sales still! 🤷🏻‍♂️ Furthermore, it accounts for the whole growth into their SG&A items.

Wait, are you telling me that $NVDA turnover almost doubled, and their administration expenses remained unchanged? Ahaha 😂 suuuure!

Anyhow, if sales aren't making the sale, then who's doing that? The management? 😉

🚩 If $NVDA is doing so well, why did their "Accounts Receivable" explode by a whopping 1,637% to 4.5bn$ in the same timeframe between 2022 and 2023 periods we are examining.

Isn't it because you are selling things clients aren't paying for? 🤔

🚩 If $NVDA is doing so well, why did their inventory remain the same? When you sell so many goods and keep booking stellar future orders, there should be a physiological increase in inventory, right? Well, not in the case of $NVDA apparently.

$NVDA inventory stood at 4,454m$ in the first 9 months of 2022. Where is it now? 4,779m$. That's only a 7% increase.

Wait, didn't we just see a 7% increase in SG&A costs?! Ahah, this smells so much of made-up numbers 😆

🚩 People familiar with the chip industry know that companies pay royalties to 3rd parties for every chip they sell due to the jungle of IP patents and copyrights that characterize the industry. This item is a constant and highly correlated with revenues.

Now, despite $NVDA expecting exponential growth in its revenues for orders already in the bag, they reported LOWER "Prepaid Royalties" in the first 9 months of 2023 than the same period in 2022, precisely 369m$ vs 393m$ 🤭

What I find quite hilarious reading through $NVDA financials is that they use a sneaky trick to fool people's eyes. Depending on what's more convenient, they switch the comparison of the data inconsistently against either Dec-22 or Sept-22 throughout the report (so I had to dig out a few numbers from last year's 10-Q).

By the way, in the same $AAPL fashion, $NVDA is such a good Fixed Income trader as well. Actually, they are even better than Tim-Cooking because he still reports some ~11bn$ of losses in the "Other Comprehensive Income" while $NVDA (apparently) never lost a penny despite holding only 3bn$ in cash and all the remaining 15bn$ between Corporate Bonds and US Treasuries! 🤪

If, after reading all I wrote, you still feel confident $NVDA is a safe, sound, and legit investment, then I really did a bad job today.🙈

[Krim @Kay_Holdings]

$NVDA

[RZG @RZG2020]

💯💪

[Krim @Kay_Holdings]

Once it is phased out...how will the books look? I'm curious.

[Krim @Kay_Holdings]

LIBOR - More than $500 trillion of derivative contracts have payoffs tied to it, and trillions of dollars of loans and bonds with floating interest rates linked to LIBOR are currently outstanding. $33.5T seems like a drop in the bucket.

[Krim @Kay_Holdings]

$DXY $SPY - which one is right? “The world, May never know.”