Stock Thread (25 Viewers)

[lod001]

SRNE is going to be brutally raided by shorts. They claim to save the world, basically... Going to need any proof at all whatsoever on this claim, fairly certain we witnessed one of the greatest pumps of all-time in that one, and when it goes down, it'll be ugly.

SEC should make an example of the people behind it, but we know they want. 

I'm surprised it wasn't halted.

 

[Big League Chew]

Was thinking the same thing. We can't get cydy to move much for #### and sorrento jumps almost 200% in a couple hours!

If that trash sorento jumps like that without any testing - imagine the highs for lebronlimeaid 

20-30 range

 

[BassNBrew]

Man, one thing I need to figure out is how to not beat myself up for missing opportunities. I’m having a nice day. 2 of 23 stocks in the red, but both are up 30-50% in the past two months/1 year. 9 of 23 up 3-10% today, but I always look at those flyers that I’ve been watching and didn’t buy. TDOC, LVGO and WIX all easy double/triples. Not trying to gloat as we all have some really nice gains the past two months, just feels like that FF mentality coming back with this why didn’t I start X or Y or what if I drafted Z. I’ve only been truly investing in stocks in the past year and even then I dabbled until last October when I really jumped in.

@Todem I know you’ve been doing this forever, is there good advice to smack me in the head? I’m actually being serious because I’m sure someone who’s gone through this knows that there are always things you miss and there’s no way you can do it all. Funny thing is there’s probably way less thinking about the dogs you didn’t buy and avoided.

Dude...You're the biggest Amazon holder behind Bezos and Cappy.  

You can win your fantasy league and you still left points on the bench most weeks.  Like Todem said, you can't own everything.    Congrats on how well you're doing.  Keep it up and you're going to be very rich.

 

[Jefferson the Caregiver]

SRNE is going to be brutally raided by shorts. They claim to save the world, basically... Going to need any proof at all whatsoever on this claim, fairly certain we witnessed one of the greatest pumps of all-time in that one, and when it goes down, it'll be ugly.

SEC should make an example of the people behind it, but we know they want. 

They are grading their own homework, seems to be a trend.  Sometimes you look at a guy like Fraudenstein and can't blame him for taking shots, so many of these companies are not legit.

 

[beef]

If that trash sorento jumps like that without any testing - imagine the highs for lebronlimeaid 

20-30 range

20-30 range you say...  Would a 50' yacht look weird in Leron Lagoon?

 

[Big League Chew]

20-30 range you say...  Would a 50' yacht look weird in Leron Lagoon?

Let’s fly our yachts to the ChetSpaceStation

 

[kevzilla]

No skiing on the space station. Let's go Mars Base chet1 for now.

 

[culdeus]

Imagine what that would look like if it included Robinhood.

I don't think they make something bigger than a log scale.

 

[FreeBaGeL]

Was thinking the same thing. We can't get cydy to move much for #### and sorrento jumps almost 200% in a couple hours!

sorento hasn't been tested on humans and it jumps like that? 

SRNE is going to be brutally raided by shorts. They claim to save the world, basically... Going to need any proof at all whatsoever on this claim, fairly certain we witnessed one of the greatest pumps of all-time in that one, and when it goes down, it'll be ugly.

SEC should make an example of the people behind it, but we know they want. 

If that trash sorento jumps like that without any testing - imagine the highs for lebronlimeaid 

20-30 range

I'm telling you guys, this is not just an SRNE thing.  Every biotech stock on the Naz with even the smallest tiny shred of good PR has hit one of these pumps this week.  Look at this.

MGNX was $7.27 a week ago.  Hit high of $33.35 this week.

BCRX $3.89 a week ago.  Hit $6.43 two days later.

APD $9.2 a week ago.  Hit $18.29 this week.

TTPH $1.28 -> $3.5

BHAT $0.75->$1.62

CODX $16 -> $31.4

NNVC $6.28 -> $12.2

NVAX $18 -> $46

BPMX $0.47 - $0.87

ARPO $0.61 -> $1.29

DECN $0.19 -> $0.49

AIM $2.12 -> $3.47

ALLO $30 -> $47

Most of them have already come back down quite a bit.  I'm a little worried that by the time CYDY gets on the exchange people will be treating these biotech stocks like they feel about the tanker stocks right now, where they are burnt out on them and not really interested even when the financials (or in this case the science) are good.

 

[identikit]

Had a spare $90 to throw at this one.

:highroller:

$90 now $135

50% gain

 

[Steeler]

I'm a little worried that by the time CYDY gets on the exchange people will be treating these biotech stocks like they feel about the tanker stocks right now, where they are burnt out on them and not really interested even when the financials (or in this case the science) are good.

I hear you but I'm not worried about this.  I'm not looking for a quick gain I"m looking for a home run.  I've invested an amount I'm willing to go to zero so I'm just betting that CYDY has some actual long term benefit in HIV, Cancer, or COVID.  

ETA: or until Chet sells

 

[lod001]

Davey Day Trader.  Man this guy is painful to watch. Doesn't have a clue what he's doing. 

 

[Don Hutson]

Justice Department, state attorneys general poised to hit Google with antitrust lawsuits: report

https://www.marketwatch.com/story/justice-department-state-attorneys-general-poised-to-hit-google-with-antitrust-lawsuits-report-2020-05-15?mod=newsviewer_click

 

[caustic]

Davey Day Trader.  Man this guy is painful to watch. Doesn't have a clue what he's doing. 

 I can't believe CNBC is giving him a whole half hour. Total clown.

 

[stbugs]

Dude...You're the biggest Amazon holder behind Bezos and Cappy.  

You can win your fantasy league and you still left points on the bench most weeks.  Like Todem said, you can't own everything.    Congrats on how well you're doing.  Keep it up and you're going to be very rich.

Lol. I wish. It’s too bad I waited so long to invest directly in stocks. Life does that in a family with kids and one income for a long time. Sad to think that I do actually remember seeing a stock recommendation for Amazon back when it was $9 post IPO before splits in 1997. I was a young and stupid just out of college moron! Love my parents but one thing they didn’t give me was financial advice. I’ve tried to be way different with my kids but they aren’t at the money making stage yet.

 

[lod001]

 I can't believe CNBC is giving him a whole half hour. Total clown.

He's a total train wreck.

 

[Bob Sacamano]

Justice Department, state attorneys general poised to hit Google with antitrust lawsuits: report

https://www.marketwatch.com/story/justice-department-state-attorneys-general-poised-to-hit-google-with-antitrust-lawsuits-report-2020-05-15?mod=newsviewer_click

We'll, Barr's driving it, so decent chance current equity owners each have to send Trump $50 by the time they're done.

 

[ghostguy123]

So JCP basically doubles the past few days with a huge gain today, then they file bankruptcy.

I will never understand stocks

 

[pecorino]

I'm not starting a new thread but I'd like to start a recurring post about cash-secured puts. I'll outline my monthly moves and keep you updated about how they are doing. Basic assumptions: I want to sell a cash-secured put on an underlying equity that I wouldn't mind owning at this price. I will sell them one month out, roughly 5% below the current price per share, and will seek to return 5% in premium. I will not sell a put over a time period in which an earnings or conference call is scheduled. Of course, I may close a position to either cut a loss or reduce a profit if it makes sense to do so, especially nearing expiration. My starting bankroll is 25K and my first purchases will be on Monday morning. It is possible my orders will not hit but even if they do not, we can glean some information from the theoretical sale. Here is the first batch, to be purchased on Monday 5/18 with June 19th expiration.

For this month, I like C, LUV,  SPCE, and PRU. I also like BA but since I have 100 shares already and since I'm selling puts on LUV, Boeing didn't make the cut. Also considered VZ and PFE but the premiums were too low, and AAPL but didn't want to tie up $29000. Also considered NERV but I've already sold a few of those puts...And. by the way, if I end up getting put any of these shares, I intend to turn right around and sell a covered call (probably one month out) to raise more premium and to potentially free that cash back up. Will keep you posted. Invest at your own risk.

C Price per share 41.9, Strike price  40, Number of contracts: 2, Premium per contract: 235, Cash to secure: $8,000, Total Premium: 470, ROI: 5.88%

LUV Price per share 23.88, Strike price  22.50, Number of contracts: 3, Premium per contract: 190, Cash to secure: $6750, Total Premium: 570, ROI: 8.44%

SPCE Price per share 15.68, Strike price 15, Number of contracts: 3, Premium per contract: 220, Cash to secure: $4500, Total Premium: 660, ROI: 14.67%

PRU Price per share 52.50, Strike price 50, Number of contracts: 1, Premium per contract: 270, Cash to secure: $5000, Total Premium: 270, ROI: 5.40%

Total: $24250 cash required, total premium $1970, ROI: 8.12%

 

[Bob Sacamano]

The deep state lunatics seem to really like cydy.

 

[The Ref]

The deep state lunatics seem to really like cydy.

What means this?

 

[The Ref]

$3T Stimulus package passes!!!!!!!

Stonks Go Up!!!!!

that has zero chance of passing

 

[ghostguy123]

$3T Stimulus package passes!!!!!!!

Stonks Go Up!!!!!

that has zero chance of passing

I hope it doesnt.  It could easily destroy landlords.  

I hope the Senate votes it down tuesday after stonks go up monday.  

Rinse & repeat the bloomin onion

 

[caustic]

I hope it doesnt.  It could easily destroy landlords.  

I hope the Senate votes it down tuesday after stonks go up monday.  

Rinse & repeat the bloomin onion

I’d be shocked if it’s put to a vote in the Senate at all.

 

[caustic]

It passed, no?

Passed the House. The GOP is against it, so it’s unlikely to survive the Senate.

 

[Penguin]

Stonks go up stonks go down
Spinning’ wheel got to go ‘round
Talkin’ bout your stonks it’s a crayon’ sin
Ride the crazy market let the spinning’ wheel spin

You got no money and you got no home
Spinning’ wheel all alone
Talkin’ bout your stonks and you never learn
Play the crazy market let your 401 churn

 

[ConstruxBoy]

Just like your stock is worth less when the company buys lunch for the boys in the mail room.

Any expense would lessen the companies value. Suppose dividends would be a way to jettison some cash from the checking account.

I mean....sure. But I don't know when MMM buys lunch for the boys in the mail room or how much it was or how often they do it. I know all that information about their dividends. So it's a concrete value that I can use to derive what their stock price should be in a process with very few concrete values. 

But yeah, other than that it's the same thing. 

 

[ConstruxBoy]

I always tell my clients (and myself for that matter).

You can’t own everything.

Also you cannot buy stocks that you know are super risky (easy doubles look like that on paper but why are they so volatile?) without understanding you are willing to risk and lose most of your capitol chasing a quick HR. So typically when you are staring at the ledge....you back off knowing this. Look how long it took me to buy CCL a stock I have been looking at hard since March 16th. Finally bought a small position where I am willing to lose all that capitol. I am taking a calculated risk based on my knowledge of their balance sheet and confidence they will return to a normal earnings environment 12 months from now.

I am not a day trader.....not in the least bit. DO I make fast trades? Well yes for my own personal account I sure do....as we have seen here. But I really focus on a couple of stocks when I do this....make my money and I am done. And to be frank....I only trade like this in bear markets. They are the best time to make “fast money”. No question. 

So don’t beat yourself up with the coulda, shoulda woulda. We all should have dropped 10K into AMZN in 1997 and sat on it.

Then we could all have been fat, rich and retired already LOL. Shoulda coulda woulda.....ugh!!!!

In baseball terms, the Dave Kingman effect. 

 

[ConstruxBoy]

Lol. I wish. It’s too bad I waited so long to invest directly in stocks. Life does that in a family with kids and one income for a long time. Sad to think that I do actually remember seeing a stock recommendation for Amazon back when it was $9 post IPO before splits in 1997. I was a young and stupid just out of college moron! Love my parents but one thing they didn’t give me was financial advice. I’ve tried to be way different with my kids but they aren’t at the money making stage yet.

Well I got great financial advice from my parents. They gave me 20 shares of MSFT for my 18th birthday. But I still didn't get in early on all the superstar stocks. 

 

[Don Hutson]

The deep state lunatics seem to really like cydy.

A lot of the people on the CYDY boards remind me of my anti-vaxxer friends.  They believe in Cytodyn with a religious type of faith.  And those same ones seem to have diarrhea of the keyboard.  I might register a username so that I can block the worst ones.

 

[Todem]

Passed the House. The GOP is against it, so it’s unlikely to survive the Senate.

The Senate will not pass it as it is written. They kick it back and black linE out what they don’t want.

As usual both parties using a crisis to push through their own agendas for their special interests.

I don’t care what side of the aisle your on but it is horse #### from both sides when we need non partisan politics right now. Shame on all those crooks. Can’t stand most of them. Liars.

 

[ghostguy123]

The Senate will not pass it as it is written. They kick it back and black linE out what they don’t want.

As usual both parties using a crisis to push through their own agendas for their special interests.

I don’t care what side of the aisle your on but it is horse #### from both sides when we need non partisan politics right now. Shame on all those crooks. Can’t stand most of them. Liars.

It's a shame that most peoples retirements are based on non guarantees such as 401k and 403bs. It's also a shame how much influence our wonderful government has on this stuff.

It's even more of a shame how little the masses know about how all this works.  I am a novice but would say I know more than 95% of people do about finances related to investing.  That is a sad statement by the way.

Some of you guys in here are incredibly fortunate to be in the line of work you are with this stuff.  Your current salary from your job is just a portion of your earnings.  The money you make investing is HUGE compared to 99% of people out there and maybe doubles (or more) your earnings when all is said and done.

 

[stbugs]

Well I got great financial advice from my parents. They gave me 20 shares of MSFT for my 18th birthday. But I still didn't get in early on all the superstar stocks. 

Nice! I didn’t get that. Great parents but not the best financially.

I hope you didn’t sell any! Just guessing but based on splits that would be 320 or 640 shares right now.

 

[Capella]

My parents were worthless with money. My uncle sat me down 20 years ago and said (I remember it word for word) “This is the most important conversation you’ll ever have. I’m going to show you how compound interest works.” I remember him saying how do you think I got all this money, just going to work every day? 
 

Thank God for uncle Larry. Changed my life and my family’s life. Since then stonks go up. 

 

[stbugs]

The Senate will not pass it as it is written. They kick it back and black linE out what they don’t want.

As usual both parties using a crisis to push through their own agendas for their special interests.

I don’t care what side of the aisle your on but it is horse #### from both sides when we need non partisan politics right now. Shame on all those crooks. Can’t stand most of them. Liars.

Yep, the “stimulus” for this crisis should be easy. If they funneled the only aid to business loans and unemployment that would take care of most of the impacts. Families who are working from home and not affected shouldn’t be getting bonus checks to sock away. Shouldn’t it be really easy to see who’s impacted? On the individual if you didn’t lose your job, get furloughed or get reduced pay, you weren’t impacted. It seems straightforward if you aren’t trying to buy votes or get pork added.

 

[Capella]

The Senate will not pass it as it is written. They kick it back and black linE out what they don’t want.

As usual both parties using a crisis to push through their own agendas for their special interests.

I don’t care what side of the aisle your on but it is horse #### from both sides when we need non partisan politics right now. Shame on all those crooks. Can’t stand most of them. Liars.

A whole lot of it will be a no-go but a second direct stimulus payment should be the one thing both sides pretty easily agree on. Even the WH seems good with it. 

 

[ghostguy123]

Yep, the “stimulus” for this crisis should be easy. If they funneled the only aid to business loans and unemployment that would take care of most of the impacts. Families who are working from home and not affected shouldn’t be getting bonus checks to sock away. Shouldn’t it be really easy to see who’s impacted? On the individual if you didn’t lose your job, get furloughed or get reduced pay, you weren’t impacted. It seems straightforward if you aren’t trying to buy votes or get pork added.

Would it really be that hard to just give it to everyone but factor it in when doing taxes in 2021?  

 

[stbugs]

Would it really be that hard to just give it to everyone but factor it in when doing taxes in 2021?  

Yes. If you give something and then they don’t need it, you’ll what, take it back and charge them what they already spent on a new 80” TV not even made in the US (our trade gap just expanded)? I’m not sure how hard it is to understand that people are saving more money the past two months if they weren’t impacted. I’d rather put that stimulus money to the folks that were impacted. It’s likely that unemployment lasts way longer than expected as companies don’t hire back people they realize they don’t need. Giving non impacted families more money isn’t helping the people who are losing income right now.

 

[ghostguy123]

Yes. If you give something and then they don’t need it, you’ll what, take it back and charge them what they already spent on a new 80” TV not even made in the US (our trade gap just expanded)? I’m not sure how hard it is to understand that people are saving more money the past two months if they weren’t impacted. I’d rather put that stimulus money to the folks that were impacted. It’s likely that unemployment lasts way longer than expected as companies don’t hire back people they realize they don’t need. Giving non impacted families more money isn’t helping the people who are losing income right now.

One sort of major issue with that is people will stay on unemployment rather than go back to work, even when the employer is asking for them to come back. 

Open things up, give people money.........

There is no ONE good way because people are all affected in different ways.  It just seems looking at previous years tax returns isnt very efficient or accurate, so I say give it to everyone then take it back next year at tax time.  So people that didnt need it spend it, so what.  Good, we need more of that anyway.

 

[ghostguy123]

Also I mean factor it in on taxes if people made a lot of money in 2020.  NOT talking about making it taxable/refundable for everyone.

 

[stbugs]

One sort of major issue with that is people will stay on unemployment rather than go back to work, even when the employer is asking for them to come back. 

Open things up, give people money.........

There is no ONE good way because people are all affected in different ways.  It just seems looking at previous years tax returns isnt very efficient or accurate, so I say give it to everyone then take it back next year at tax time.  So people that didnt need it spend it, so what.  Good, we need more of that anyway.

I agree, but that’s when the extra money stops flowing. At some point Don’t give me the people are affected in other ways. If you are making the same salary as you were before then you aren’t financially affected. If you’re working from home and not eating out, driving all over, etc., you are saving money.

There’s no way to do a take back well. It’ll get waived, etc. I just would much rather be smart and concentrate on people you know are affected right now and use the extra stimulus that isn’t getting spent anyway to build a longer safety net. You can cut off the extra so people want to work but then like in the last financial crisis you can extend unemployment benefits knowing that some people aren’t going back to work until the full U or W shaped recovery happens.

I know I won’t be getting squat because my wife and I are luckily still working, but I also know that my wife, the non-saver, has saved enough in the last two months to pay for our summer vacation. Our expenses are way down. I’d imagine it’s very similar for anyone banking the same paychecks and being quarantined.

Also, if you just want people spending money then give everyone a check, not just people making less than $X. The money saved by not including the top 5% on the stimulus is nothing. Heck, cut the stimulus checks in half, give it to everyone and then extend unemployment benefits after the extra money is gone. A family like mine making $150k got $3900 even if they were unaffected. Throwing another $3900 at them is ludicrous. Maybe your in that free money group so of course you want it to continue. I’m not and it does annoy me. 4-5% of people weren’t eligible and I’d bet in the upper end of the eligible folks that there were way more people who didn’t even spend that stimulus check. There were no places to spend extra money. People are going to eat regardless. Only the affected people now have money to spend on rent or housing or food. Unaffected people pretty much banked it over the past two months because they were already able to pay for the same food and shelter, so now we need more stimulus.

 

[ConstruxBoy]

Nice! I didn’t get that. Great parents but not the best financially.

I hope you didn’t sell any! Just guessing but based on splits that would be 320 or 640 shares right now.

Well, I didn't learn all the best lessons. Sold it all in time but after some splits. Diversified my portfolio to around 15 good long term holdings with it. Still should have kept it though. 

 

[ghostguy123]

Also keep in mind the stimulus isnt even as much about being "fair" as it is to keep us from falling into an actual recession/depression.  

 

[siffoin]

Also keep in mind the stimulus isnt even as much about being "fair" as it is to keep us from falling into an actual recession/depression.  

Do you think we are not in a recession right now?

 

[ghostguy123]

Do you think we are not in a recession right now?

Do you think we are in a depression?

I am not really going to argue one way or another what they should do, I just know they need to try and keep things from deteriorating into a great depression or worse.  How exactly?  I dont know, but with nothing open and money not being moved, they need to give money and open things.  Outside of that what else could work?

I mean, NOTHING is going to be all inclusive for the people who really need the help.  Anything they do will unfairly help certain people while providing no help to certain people who need it.

Even if lebronlimade  is a super cure and a vaccine comes out tomorrow there would still be long lasting effects of what has already happened.  I hate to say it but universal basic income here we come......for the rest of the year anyway.  

......give everyone gift cards to Outback.......

 

[Ksquared]

Yes actually I believe we are in depression.  The stimulus money is just white washing what is underneath, we are just kicking the can down the road.  At some point we will face the reality of probably 15% unemployment with 25% underemployment and that is well after we open back up.  I firmly believe the shutting down of the economy has created the worst economic situation we have dealt with since the Great Depression.  The decisions made in the next 12 months will have an impact on us for a decade IMO both economically and culturally.  Hopefully wise decisions are made.  History is littered with countries that tried to "spend" their way out of bad economic times and the results are not very good.

 

[Warrior]

Yes actually I believe we are in depression.  The stimulus money is just white washing what is underneath, we are just kicking the can down the road.  At some point we will face the reality of probably 15% unemployment with 25% underemployment and that is well after we open back up.  I firmly believe the shutting down of the economy has created the worst economic situation we have dealt with since the Great Depression.  The decisions made in the next 12 months will have an impact on us for a decade IMO both economically and culturally.  Hopefully wise decisions are made.  History is littered with countries that tried to "spend" their way out of bad economic times and the results are not very good.

 If you can't tell the difference between this situation and an actual depression, your perspective is seriously out of whack. 

 

[ghostguy123]

 History is littered with countries that tried to "spend" their way out of bad economic times and the results are not very good.

While true, the causes are greatly different. 

Even if giving people and businesses money will cause harm to the economy,  it's still probably necessary as the cost of doing little or nothing seems like it will outweigh the cost of throwing out too much money.  

Not sure what else can be done until mandated shutdowns are lifted.

 

[Ksquared]

 If you can't tell the difference between this situation and an actual depression, your perspective is seriously out of whack. 

I hope you are right, but let's see where we are in say November.  Because I see those numbers being the future reality.  If we can get a vaccine that really works (not like a flu shot that has to continual adjusted) in a year, then we have the major issue of what we have done to our currency bu running up this massive stimulus debt.  The only silver lining is every other country appears to be doing the same, so the dollar may be able to keep its value. 

 

[Ksquared]

While true, the causes are greatly different. 

Even if giving people and businesses money will cause harm to the economy,  it's still probably necessary as the cost of doing little or nothing seems like it will outweigh the cost of throwing out too much money.  

Not sure what else can be done until mandated shutdowns are lifted.

I agree.  The stimulus was needed, but it is not a free ride.  There will be long term ramifications to the dollar and our standard of living.  But now we have to do it again, what is the exit strategy?  How long can the govt just pay people to not produce anything.  I just think that after the "new" normal is started, there will be much that will not be normal, in our lives or in the economy.