$COIN DD

Just following up on the post made by u/frederickwes earlier which mainly discussed $COIN shitting the bed on earnings(TBD 5/10) I made a tiny retarded analysis, because why the fuck not, so buckle up autists. Insider Trading: I wasn’t expecting the mfs to be buying anyway, but it's interesting to see Paul Grewal selling even at the 170 levels… ​ ​ This is Paul ​ ​ https://preview.redd.it/y5wj9b1472x81.jpg?width=1536&format=pjpg&auto=webp&s=9c93de87d03fd56192808e5c21841aa2b4b61425 TA: Now I don't know jack shit about TA unless its the truck stop TA which is cool and all, but if we do actually look to see a pattern in COIN then I'm pretty positive that the down trend is finishing the infamous down-diving red dildo ​ https://preview.redd.it/gzhrmnq772x81.jpg?width=712&format=pjpg&auto=webp&s=a5c565bb32096f279cf608b3ae14ec13ef5244a8 Fundamental Semi Analysis: ​ https://preview.redd.it/pija3fc972x81.jpg?width=1842&format=pjpg&auto=webp&s=15969d917ab012ac0e8104ee784c7ea6f87c78e3 Now to the good stuff.. Kind of.. RH announced in the last report that revenue from Shitcoin is down 39%. I took a 35% down on revenue y/y from Q1 and since their transaction costs increased from 13 to 15% last year I used that to forecast next quarter. I used Q3 2021 to estimate other costs because fuck doing the 10k and back tracking every Q I only gave this 2 hrs and I'm bored already. I also didn’t go back to see what's up with taxes last year but I took an effective rate and added that. Sorry to say u/frederickwes, but Wallstreet estimates are in a wide range between -.70 to 1.44 per share and even with a 35% loss in revenue, COIN can easily fall into that range even with if my retarded costs analysis turns out to be wrong, which I am sure it will be. On the bright side for those who like rubbing with another dude.. Looks like if net profit goes down and 2021 turns out to be a once in a lifetime year for the company shares can be at $40 and even with a steady increase in profits, but with limited growth, it can justify $174 TL;DR $COIN can trade up down or sideways on earnings, but its a good short if profits decrease to my estimates and the price doesn't reflect it Positions: None but puts after earnings for anything above $40-50

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$COIN DD

May 2, 2022

bearish

general Analysis

[2 min Read]

Just following up on the post made by u/frederickwes earlier which mainly discussed $COIN shitting the bed on earnings(TBD 5/10) I made a tiny retarded analysis, because why the fuck not, so buckle up autists.

Insider Trading:

I wasn't expecting the mfs to be buying anyway, but it's interesting to see Paul Grewal selling even at the 170 levels…

This is Paul



TA:

Now I don't know jack shit about TA unless its the truck stop TA which is cool and all, but if we do actually look to see a pattern in COIN then I'm pretty positive that the down trend is finishing the infamous down-diving red dildo



Fundamental Semi Analysis:



Now to the good stuff.. Kind of.. RH announced in the last report that revenue from Shitcoin is down 39%. I took a 35% down on revenue y/y from Q1 and since their transaction costs increased from 13 to 15% last year I used that to forecast next quarter.

I used Q3 2021 to estimate other costs because fuck doing the 10k and back tracking every Q I only gave this 2 hrs and I'm bored already. I also didn't go back to see what's up with taxes last year but I took an effective rate and added that.

Sorry to say u/frederickwes, but Wallstreet estimates are in a wide range between -.70 to 1.44 per share and even with a 35% loss in revenue, COIN can easily fall into that range even with if my retarded costs analysis turns out to be wrong, which I am sure it will be.

On the bright side for those who like rubbing with another dude.. Looks like if net profit goes down and 2021 turns out to be a once in a lifetime year for the company shares can be at $40 and even with a steady increase in profits, but with limited growth, it can justify $174

TL;DR $COIN can trade up down or sideways on earnings, but its a good short if profits decrease to my estimates and the price doesn't reflect it

Positions: None but puts after earnings for anything above $40-50

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COIN

Coinbase Global, Inc.

48.35

-0.69
-1.41%

Return

57.46%
Change % Since Posting
65.31
Change Since Posting
113.66
Price When Posted

Metrics

50.00
Target Price
8/ 10
Confidence
1-2 Months
Timeframe
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Earnings Release
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