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Looking for some strong equities to hold.  Sold off some ETF's yesterday in hopes of buying some when they are down.

This may be the day.  Looking to start a position on DIS and AAPL.  Any other recommendations?

 
rick6668 said:
Looking for some strong equities to hold.  Sold off some ETF's yesterday in hopes of buying some when they are down.

This may be the day.  Looking to start a position on DIS and AAPL.  Any other recommendations?
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Search for Todem’s posts.  He has a great list 

 
Someone talk to me about FLGT. I haven't been in it in the past but gather from skimming the talk here that a lot of you are frequently in and out. Any patterns to it? 

 
kevzilla said:
Someone may have told you this and I missed it, but if you're new to stocks, you should completely ignore options for now. 
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In general, I agree, and the usual gateway is covered calls but those suck in a strong market. Instead, I think selling puts is a great entry to options so long as the investor is crystal clear that selling the puts declares his intention to buy at that price at that time (and also that it's not a naked put). I wish I had known about selling puts back in the days when I would enter market orders to buy stocks that never hit. Sure the premiums are not huge but that's a lot of missed opportunities on names that I would have been willing to own.

 
randall146 said:
Someone talk to me about FLGT. I haven't been in it in the past but gather from skimming the talk here that a lot of you are frequently in and out. Any patterns to it? 
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I think it short squeezed up to 190 from 50 but it’s a really strong company. I’m not sure it should even be where it is now after the pullback, though. I’m basically just holding long term since my cost basis is in the 40’s, but I did trim a little at 138 on the way up and more at 170. Added a few back at 140 on the way back down but now I think I’m just waiting until it settles down. 

ETA: in other words, no pattern. Just chaos

 
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Sold my RIOT and MOGO - had to bank the gains - I'm sure they'll keep going up. Trying to rinse/repeat with some cheaper crypto plays. This could be an ingenius move, or utter stupidity:

In CCTL at .04

In BFCH at .235

In INTV at .50

 
FreeBaGeL said:
Been quietly enjoying the OTC run-up.  Made good money on Drone OTCs (DFLYF, PLRTF, TAKOF) a couple weeks ago.  Currently throwing all my OTC play money into Shroom and Shroom related stuff.

EHVVF
LKYSF
MMEDF
PSYCF
TRUFF
MCURF

They've all already run-up some the last two days but I think there is still a lot of meat on the bone.  Usual disclaimer that these can all go to zero in an instant.
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Not sure what is going on, but this has been on a tear.

Up 30% today and almost 60% since I bought.

 
Just seems like a significant contraction across the board.  Looks to be hitting the speculative market hard, but also premium stocks which have strong earnings.  What could be stroking this bear?

 
McBokonon said:
I think it short squeezed up to 190 from 50 but it’s a really strong company. I’m not sure it should even be where it is now after the pullback, though. I’m basically just holding long term since my cost basis is in the 40’s, but I did trim a little at 138 on the way up and more at 170. Added a few back at 140 on the way back down but now I think I’m just waiting until it settles down. 

ETA: in other words, no pattern. Just chaos
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OK thanks. I'll sit tight for now, since my basis is nearly 100 above yours! 

 
NajehHejan said:
Sold my RIOT and MOGO - had to bank the gains - I'm sure they'll keep going up. Trying to rinse/repeat with some cheaper crypto plays. This could be an ingenius move, or utter stupidity:

In CCTL at .04

In BFCH at .235

In INTV at .50
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In a small amount of CCTL.  Looks like it may be near the ceiling with significant resistance past 40.  Also, momentum seems to be slowing which also Im guessing is not a good sign.

 
Lets be real - LUV, IRBT, and TGT are all down more than 2%.  Heck, WMT is down over 5%.  What happened?  Nothing.  Just some nothingburger suit who forgot the password to his Cobalt McRib BlockCoin wallet now has to buy his Russian Bride new clothes with gold bars instead.

:coffee:

 
pecorino said:
Related: Just sold four puts on PLTR with $25 strike for March 19th, netting a premium of $3 per (or $1200). Where is bossman to explain this better? Maybe he's at a NERV board meeting...
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So to explain it more to Rick and others:

Pecorino sold the obligation to buy 400 shares of PLTR on March 19th. Each option is 100 shares, so 4 Puts is 400 shares. To do that he is paid $300 per Put ($3 x 100 shares) so $1200 total. If the price of PLTR is $25 or less on March 19th, the buyer of his Puts will almost certainly exercise them and Pecorino will pay $10,000 (400 x $25) to the buyer of his Puts. If the price is above $25 on March 19th, the buyer will not exercise the Puts because why would he sell his 400 shares for $25 a share if the price is, say, $27.50? If the puts are not exercised, Pecorino still has the $1200 he was already paid when he sold them. 

The "naked" part is that Pecorino should keep the $10,000 he needs to buy the PLTR shares on hand in cash in his account. Otherwise if March 19th comes and he needs to buy them, he will have to sell other stocks to raise the cash. 

The breakeven point for Pecorino on the transaction is actually $22 a share because he made $3 a share already for selling the puts. So as long as PLTR doesn't fall below that price by March 19th, he is making money. 

I actually was trying to sell puts on PLTR for $15 several months ago when it was around $19 a share. But by the time I get the options paperwork approved the stock was up to $22 and the puts weren't worth much. 

 
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ConstruxBoy said:
So to explain it more to Rick and others:

Pecorino sold the obligation to buy 400 shares of PLTR on March 19th. Each option is 100 shares, so 4 Puts is 400 shares. To do that he is paid $300 per Put ($3 x 100 shares) so $1200 total. If the price of PLTR is $25 or less on March 19th, the buyer of his Puts will almost certainly exercise them and Pecorino will pay $10,000 (400 x $25) to the buyer of his Puts. If the price is above $25 on March 19th, the buyer will not exercise the Puts because why would he sell his 400 shares for $25 a share if the price is, say, $27.50? If the puts are not exercised, Pecorino still has the $1200 he was already paid when he sold them. 

The "naked" part is that Pecorino should keep the $10,000 he needs to buy the PLTR shares on hand in cash in his account. Otherwise if March 19th comes and he needs to buy them, he will have to sell other stocks to raise the cash. 

The breakeven point for Pecorino on the transaction is actually $22 a share because he made $3 a share already for selling the puts. So as long as PLTR doesn't fall below that price by March 19th, he is making money. 

I actually was trying to sell puts on PLTR for $15 several months ago when it was around $19 a share. But by the time I get the options paperwork approved the stock was up to $22 and the puts weren't worth much. 
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Unless PLTR is above $28 at any point in time.  Say PLTR hits $30 on March 7th, he missed out on $2000 - $1300 = $700 profit in a shorter period of time.

 
Sold FSSIU, NGABU.  Wanted to fund a purchase of DM, which I really like on the technology side.  DM is down 9% today, so bought the falling knife.  This is one of those bets you look at in 5 years - they appear to be the best printing technology in the space, so a took a winger on it.  Like PLTR this is a future technology that may dominate and be a huge secular growth area.  Also bought GHVIU - they are merging with a real estate 3D visualization outfit.  Fertile space to grow into.

This is where I am taking bets - future areas I think will have huge money poured into them down the road.  Big data AI, 3D printing, volumetric visualization are three of those.

 
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Sold half my Soc Telmed position at a 10% loss.  It was actually up 10% today.  Just a reminder that most of these SPACs eventually head south.

 
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Reactions: JAA
WSB blowing up on the interview with IB CEO admitting that they choked off the buying pressure that would have driven GME into the thousands.  

Sounds like bald face market manipulation from these brokers, which deserve some jail terms, and some big shareholder suits as GME holders rightly lost huge profits.

 
BOXL recovering from a dip with heavy volume.

VZ my only green at the moment.

eta: now BOXL green

 
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Thoughts on SPCX and SPAC's in general?

If SPCX is any indication, has the interest in SPAC's waned a bit or is it just the lack of recent acquisitions that keep them in the news.

 
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