McBokonon
Footballguy
Added to $GDRX this morning after the post-earnings dip. I still think people misunderstand it and it’s also a stealthy reopening play as people return to regular doctor visits they were skipping during COVID.
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Stock Thread (8 Viewers)
- Thread starter St. Louis Bob
- Start date
Lol. If you weren’t an insider, you probably shouldn’t know about it. What will be interesting is what the actual earnings will be for all these miners because there appear to be a huge growing number of them adding capacity or deciding to go into mining. You got to wonder if the price gets so many newcomers that people aren’t making as much as expected. It’s not like oil or gold or anything physical so there’s zero barrier to entry.
BassNBrew
Footballguy
Well since she poured in close to $800 it would make sense for her to pump this stock to get her portfolio returns up. Must be nice to be able to make a statement based on your past success and move the market. Given the performance of the FBG fund (+22% on the year), only seems fair that Capella from the FBG Stonk thread should be able to say "Amazon is undervalued and should be trading at $10000" and we get a 5% bump.
Sand
Footballguy
She has a massive stash of shares. Of course it's more bullish than it should be.
In other news, sold a PLTR put this morning. Playing around with that and I like PLTR, anyway.
That's the problem with chasing hot mutual funds. So many inflows after the great year's return and overall, her investors are likely flat or maybe even down because such a high % of investment came after the great returns. As you said, she had to then buy a #### ton at the much higher prices before most of it got trimmed the past month. I do think her estimates are really high. I think there's so much competition now that Tesla's stock returns may diminish even as they grow and they will absolutely grow but their multiples aren't close to the other car companies and UBER.
It's funny, because I was reading about that and some idiot was saying how you are betting on Elon and team and Tesla Energy, SpaceX, StarLink, etc. I didn't have the heart to tell him/her that SpaceX and StarLink, while Elon things, aren't part of Tesla and how they do has 0 to do with Tesla. It goes back to stock split mania, being part of an index mania, SPAC mania, bitcoin (more mining and NFT than true bitcoin) and GameStop. There is a huge disconnect with reality on some of these stocks and it actually goes back to so many investors that truly don't understand these things. I don't think it's going to cause an overall market problem, but there are definitely very specific stocks that are outrageously priced. SPACs have already gotten trimmed a ton, we'll see about the rest.
urbanhack
Fight The Power!
fruity pebbles
Footballguy
NajehHejan
Footballguy
Averaged up in AABB. Bought some on Friday at .4699, bought another equal lot today at .546
They have a crypto coin backed by physical gold. They also have a wallet that you can download in IOS and android stores.
Pink current. Share structure not terrible - just under 2B OS.
Hoping for $1+
They have a crypto coin backed by physical gold. They also have a wallet that you can download in IOS and android stores.
Pink current. Share structure not terrible - just under 2B OS.
Hoping for $1+
dkp993
Footballguy
Capella
Footballguy
JB Breakfast Club
Footballguy
I stashed some money in a few that have announced acquisition targets (from Uncle Bruce's list).
VGAC (23andme) - I like Virgin deep pockets involvement. Price spiked when the target was announced and has slowly drafted back toward $10. I think SPAC holders are being too impatient.
FAII (ATI Physical Therapy) - not the most exciting target, but trading at $10, so I'll see how the market reacts to the new symbol.
JAA
Footballguy
JAA
Footballguy
Very much so. That’s basically what I posted above. When Tesla split, some of the discussions were comical. There were plenty of people who legitimately thought they were getting free shares. They may have notice the price go down but then the price jumped so much that it was like free money or just way overpriced. Same thing with some of the hot stocks going up when they acquire a company. Normally you go down as you are diluting the shares since you have to pay a premium over the other company’s current share price. So many other examples. That’s why tweets and other news, including upgrades are moving stocks way more than normal.
I don’t think it’s systemic, but certain stocks have gone up way too much and are worth way too much on news rather than tangible results because ain’t nobody got time for that. Long term stock ownership is so 2019.
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NajehHejan
Footballguy
Capella
Footballguy
Yea I’m moving with the times but it’s also still hard for me to reconcile some of this stuff. I have long and short holds and I’ve just been trading Tesla off the bounce downs - it seems like it’s in between a long and short hold for me.
Desert_Power
Footballguy
Nick Vermeil
Footballguy
RIOT buy level incoming. Although they report earnings soon (tomorrow?). Not sure how that will affect the price.
Sand
Footballguy
I'll look at VGAC - thanks for you two pointing it out.
Only SPAC I've entered lately is DMYIU. Pretty close to par and I like their target, IONQ. By all accounts the leader in the quantum computer space. Whether or not the technology results in massive appreciation, we'll see.
On reflection of the last decade I realize that I ignored the trends that ended up being (FAANG). I'm taking some shots now - IONQ, Blacksky, Matterhorn, Palantir, SoFi, Sea Limited, Ballard.
Ok, FAANG except for Apple. My cost basis is $3.68 there.
Nick Vermeil
Footballguy
BassNBrew
Footballguy
Ridgeback
Footballguy
Yeah, I'm thinking about flipping my ACND, which is now under navigation price, to buy.
ChiefD
Footballguy
NajehHejan
Footballguy
AABB absolutely tanked after I bought more. Ugh. I imagine a lot of people are cashing in. Hopefully just consolidating before the next leg up.
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I have no idea where you guys find these stocks but that company’s web site really makes you feel comfortable. I don’t want to say it’s a scam but Yahoo’s last financial info is from 2002-2004. Seems like a shady shell company that hopped onto the crypto craze. Do you actually think they have gold to bank the coins? Ooh wee, with an over $1B market cap, I hope we keep track of this one in case we need to send a glitter bomb to their Las Vegas HQ. Asia Broadband is a weird name for a Nevada based company that specializes in crypto and gold.
McBokonon
Footballguy
NajehHejan
Footballguy
I am not suggesting that AABB is not a scam, but they have current financial information:
https://www.otcmarkets.com/stock/AABB/financials
https://www.otcmarkets.com/stock/AABB/financials
Lol. I do feel like an old guy even though my portfolio is about as far as you can get from old guy investments without getting a Twitter/meme portfolio.
Thanks, that’s a lot more reassuring, obviously Yahoo isn’t good with pink sheets. Do OTC stocks not have to file stuff with the SEC?
https://www.nasdaq.com/market-activity/stocks/aabb/sec-filings
That matched up with the SEC filings: https://sec.report/Ticker/AABB
Who validates those OTC filings? Just wondering because I know some other OTC stocks like CYDY actually file SEC filings (https://sec.report/Ticker/CYDY).
I don’t know if it’s a scam or not but there have been a bunch of scams lately of selling coins and disappearing and with crypto hot, it’s going to be a target. The timing of their LOI to acquire a gold mine on March 4 (sold one in January) and already have a coin available to use it pretty interesting. That’s a really fast turn around. Hey, your coin is backed by gold, well gold somewhere in the ground over there. If you want the gold backed by your coin just grab a shovel from the shed and have at it.
I’m just kidding as it seems like they have other assets although they just sold some, just thought it was funny timing.
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McBokonon
Footballguy
I don't know all the details, but I do know there are three levels of OTC:
OTC Pink Sheets, which is most of this crap. Basically the wild west.
OTCQB: You actually have to prove you're kind of real to get uplisted here (a feat CYDY hasn't even managed let alone NASDAQ)
OTCQX: You can be reasonably assured these ones are legit. They actually have some stringent requirements.
Nick Vermeil
Footballguy
Back in TLRY and RIOT. Little nervous on RIOT earnings.
D_House
Footballguy
Bought my first individual stonks!
Took positions in SE, MELI, and STNE in a new Fidelity HSA. Equal weighted and making up a total of 3% of my portfolio.
I wanted more emerging market exposure but don't like the risks/moral hazards of investing in China and think e-commerce will continue to grow in SE Asia and Latin America. After recent tech sell off seemed like a good time to get in.
Bought to hold. My goal is to beat Vanguard's EM index (VWO).
Took positions in SE, MELI, and STNE in a new Fidelity HSA. Equal weighted and making up a total of 3% of my portfolio.
I wanted more emerging market exposure but don't like the risks/moral hazards of investing in China and think e-commerce will continue to grow in SE Asia and Latin America. After recent tech sell off seemed like a good time to get in.
Bought to hold. My goal is to beat Vanguard's EM index (VWO).
QS with a secondary stock offering, down 8% after hours. Good buying opportunity on Tuesday. Also, very rich options premiums so buying 100 shares then selling a covered calll looks like a safe play with some solid ROI. Easy 10% gainer in one month if the thing doesn’t plummet. I’ll be buying shares and selling the $65 April calls.
David Dodds
Administrator
GME institutional ownership hits 200%. Glad retail hates this stock or I would begin to think something shady was going on.
https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0
Click "Shareholders" tab
Down to "Equity Ownership" click "Institutions"
Edit: There is some double counting of Fidelity due to a name change so this number is closer to 180%
https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0
Click "Shareholders" tab
Down to "Equity Ownership" click "Institutions"
Edit: There is some double counting of Fidelity due to a name change so this number is closer to 180%
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BassNBrew
Footballguy
David Dodds
Administrator
Synthetic shares. Yes. I am saying exactly that. The shorts are gaming the failures to deliver and have been for months.
David Dodds
Administrator
Ryan Cohen taking out some more trash.
https://finance.yahoo.com/news/1-gamestop-loses-second-senior-113754925.html
https://finance.yahoo.com/news/1-gamestop-loses-second-senior-113754925.html
How could institutions hold 200%? I’m really not having much faith in these numbers, how often they are updated and checked. I mean if they don’t catch a Fidelity name change, how accurate can it be? If you look at the fund ownership, Fidelity has 8M in the top 10 funds and the other tab says they have 28M. It would take a #### ton of other funds not in the top 10 to come close.
If you look at the equity owners chart the institution and mutual fund ownership totals look way way less than 200%. Also, isn’t non fund institutional ownership retail investors?
I just don’t really think this 200% or 180% “real” ownership is true. The chart says $7B in equity ownership for institutions, funds and insiders. That’s about 50%.
Anyway, have fun today. I’m looking forward to the after market results. I’m sure there will be people believing both sides won just depends on their long or short beliefs.
Nick Vermeil
Footballguy
:XNajehHejan said:
SFBayDuck
Footballguy
I have positions in BABA and SE in my Roth but decided I wanted more exposure to EM in my portfolio as well, so today am swapping my position in a larger cap international fund for FEMKX, one of Fidelity's EM funds. I'm about 20% international across my retirement accounts, this ups the EM portion of that to about 1/3.D_House said:
When I have more time may start looking more into individual EM stocks, but not even sure where to start there (other than the two you mention that I don't own).
The May $65 calls are selling for $850. That'll cap your potential gains but also limit losses and likely settle your investment into the 20% gain category in two months time. Not a bad return if you choose to play it safe.
McBokonon
Footballguy
One thing I like to do (mentioned here before and I think others do as well) is when I'm looking for individual stock exposure in a particular sector is find a few well-performing ETF's and Mutual Funds in that sector, download the holdings, and start researching from there.
Here's most recent list of holdings for your Fidelity fund.
I have this Invesco one in my 401K through Invesco
If you've never bought foreign stocks (that don't have ADR's or an OTC version here) before not every broker offers them. I use Fidelity for foreign stocks if I have any, which I don't now but that may change today. I think Interactive Brokers does as well.
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BassNBrew
Footballguy
Probably something you actually could do, but they make you jump through some hoops before you are allowed. I trade options in my Roth and in my Vanguard retirement accounts. It's worth getting set up.I don't believe I can trade options in an IRA
McBokonon
Footballguy
You can do cash-secured puts and covered calls. I do the latter all the time.I don't believe I can trade options in an IRA
