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Stock Thread (16 Viewers)

It’s pure price manipulation. Has to be gaming, i.e. buying and selling collusion to push the stock enough to pull in others and get out before it crumbles. 3-4 million really early shares and it went up $20+. Early buyers made millions.
I wonder what it’s like to be an employee at one of these companies — it’s a slow week at work, and all of a sudden you see that your equity is worth 30x more than it was a few days ago. Hopefully the folks at Urban One were able to cash in while they could.

 
Crazy. UONEK is way up AH and the other is down because the prices completely disconnected during the day.
It's only $3.90 on Thinkorswim. I don't have the balls to buy it and hope for a pop tomorrow to match UONE but maybe one of you degens does lol. 

 
It's only $3.90 on Thinkorswim. I don't have the balls to buy it and hope for a pop tomorrow to match UONE but maybe one of you degens does lol. 
Not me. These stocks could drop 50% at a minutes notice. If you didn’t get in early in the huge run up day, the risk isn’t worth it.

 
@BassNBrew Another stock on my June 4th post (DXCM was on there too) is going to have a nice day. FLGT announced after hours that the FDA cleared their at-home CV testing. Up 18% AH. No idea what that will translate to in the morning.

 
Hope none of you bought CEMI like I did as it was Rev Shark's stock of the week. It's down over 30% in the aftermarket after the FDA revoked it's emergency use authorization. Between buying this turd and selling FMCI early, it hasn't been a good week.

 
Sand said:
Down 1.5% today.  Rates on the long end have been pretty volatile and long bonds are incredibly oversold right now.  I'm about split between long and intermediate bonds, so catch only half the pain on that one.
That's only because it popped Monday towards the end of the day. It's up very slightly from opening Monday.

 
rascal said:
One account.

My total portfolio:

350k in 2045 tsp target retirement 

90k in roth ira (vtivx)

180k in brokerage 

   -130k in VTI 

   -50k in VNQ 

70k cash (what I'm wanting to invest)

6 months emergency fund in high interest savings account 
How did you get access to the 2045 L fund already? I thought they weren't available until July.

I've started playing with the idea of retiring in my early 50s now, starting to think I really need to kick my regular brokerage up a notch. We're currently over 80% between TSP and Roth IRAs, 15% college accounts, less than 5% regular brokerage. 

 
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Hope none of you bought CEMI like I did as it was Rev Shark's stock of the week. It's down over 30% in the aftermarket after the FDA revoked it's emergency use authorization. Between buying this turd and selling FMCI early, it hasn't been a good week.
Geez, that’s rough. You may want to leave the speculative stocks alone and just find long term bets or index funds and let them run.

Damn, just looked and it’s down 50% premarket. 

 
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Hope none of you bought CEMI like I did as it was Rev Shark's stock of the week. It's down over 30% in the aftermarket after the FDA revoked it's emergency use authorization. Between buying this turd and selling FMCI early, it hasn't been a good week.
I did buy a very small amount - 25 shares - with a cost basis just under $9. I guess at this point just hold and see what happens.

 
Geez, that’s rough. You may want to leave the speculative stocks alone and just find long term bets or index funds and let them run.

Damn, just looked and it’s down 50% premarket. 
That is no doubt good advice for the majority. I do have 80% of my Roth in index funds but I do like to use the other 20% on speculative, short term stocks.
 

Each person needs to realize what their risk tolerance is and get a plan that works for them. I do like to speculate with a % because I think it is “fun” and almost like a hobby for  me. 

Huge, huge, thanks to the posters in this  thread for posting stocks they like and also taking time to help educate the ones of us that are still learning, I can’t say that enough!

I am a small time investor compared to most here and that is what I am comfortable with right now. I did make quite a bit on GNUS (thanks to it being posted here) and so don’t mind losing on some like CEMI.

just my 2 cents.

 
stbugs said:
Also, there is absolutely something illegal going on here.

https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo

UONE stock. Only news was that an investment company sold all the shares they own in them. Basically a worthless stock up about 30x in a few days.
2 bucks two days ago up to ~38 yesterday at peak before small sell-off. 

My question is who is buying these obviously pumped stocks late in the day (after 3:30) at 38 bucks per??  Have to sell to someone. 

 
There was, I believe, some discussion of whether UONEK would be up this morning.  :shock:
It just had to catch up to UONE, which is down pre-market. I wonder if that was planned as well. Most RH aren’t going to be familiar with different share classes. If you worked on getting UONE up yesterday then I’d bet you knew about UONEK and had plenty of time to shove some money into it while it lagged way behind.

It’s just another horrible stock that is being bid up for no reason.

 
2 bucks two days ago up to ~38 yesterday at peak before small sell-off. 

My question is who is buying these obviously pumped stocks late in the day (after 3:30) at 38 bucks per??  Have to sell to someone. 
Good question. There may be a couple stocks that are legit potential like CYDY has been, but a failing retailer or a bankrupt company or a Chinese company hemorrhaging revenue?

I think you’ve got some people who are buying up shares early on a specific company and selling it amongst themselves getting the prices up. You can ask anything you want and if someone buys at your ask price, it happens. Then I think they pump the stock to RH investors somehow either just because people check volumes and jump in and people are FOMO so someone gets dropped off the musical chairs. The volumes are so great that some of these companies entire float changes hands several times in a day. It’s basically hot potato but some people with the means to trade decent volumes early are getting these started.

The other thing to note is that they are starting with very low volume, low price shares. Think about trying to do this with Apple or Amazon. They already have normal volumes in the millions. To manipulate their stocks you’d have to buy millions of shares and no one running these scams is sitting on billions and even trillions of dollars. Have to go low and create interest in an affordable company. 1 million shares in a 0.32 stock is doable.

 
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Good question. There may be a couple stocks that are legit potential like CYDY has been, but a failing retailer or a bankrupt company or a Chinese company hemorrhaging revenue?

I think you’ve got some people who are buying up shares early on a specific company and selling it amongst themselves getting the prices up. You can ask anything you want and if someone buys at your ask price, it happens. Then I think they pump the stock to RH investors somehow either just because people check volumes and jump in and people are FOMO so someone gets dropped off the musical chairs. The volumes are so great that some of these companies entire float changes hands several times in a day. It’s basically hot potato but some people with the means to trade decent volumes early are getting these started.

The other thing to note is that they are starting with very low volume, low price shares. Think about trying to do this with Apple or Amazon. They already have normal volumes in the millions. To manipulate their stocks you’d have to buy millions of shares and no one running these scams is sitting on billions and even trillions of dollars. Have to go low and create interest in an affordable company. 1 million shares in a 0.32 stock is doable.
Yep. I used to see it all the time in crypto when pump and dump groups would would do crap like this. Wish I had the balls to buy UONEK last night lol. 

 
Good question. There may be a couple stocks that are legit potential like CYDY has been, but a failing retailer or a bankrupt company or a Chinese company hemorrhaging revenue?

I think you’ve got some people who are buying up shares early on a specific company and selling it amongst themselves getting the prices up. You can ask anything you want and if someone buys at your ask price, it happens. Then I think they pump the stock to RH investors somehow either just because people check volumes and jump in and people are FOMO so someone gets dropped off the musical chairs. The volumes are so great that some of these companies entire float changes hands several times in a day. It’s basically hot potato but some people with the means to trade decent volumes early are getting these started.

The other thing to note is that they are starting with very low volume, low price shares. Think about trying to do this with Apple or Amazon. They already have normal volumes in the millions. To manipulate their stocks you’d have to buy millions of shares and no one running these scams is sitting on billions and even trillions of dollars. Have to go low and create interest in an affordable company. 1 million shares in a 0.32 stock is doable.
If I were ever able to catch one of these shuttles at departure I wouldn't certainly not want to hold it overnight.  Around 3 pm or sooner I think I'd be pulling the ejection handle.  

Scam for sure but what can be done?  RH is certainly making money so can't imagine they'd want anything to change.  They should enforce the day trader restrictions, though.  I feel bad for some of these FOMO traders.  They're being worked big time.  I've been reading on various message boards of these stocks and the majority of the RH kids have no idea what's happening.  They believe the stock will "lift off" again at any moment when the truth is, the carnival has packed up and left town.  Even on one of the previously mentioned Chinese trash stocks, they're in there talking about how sound the financials are and how well managed the company is... ugh.  Some hard lessons being learned out there while some others are making out bigly.  

 
Similarly, I like PRFT. They made a large acquisition yesterday and typically the stock price initially reacts negatively to that and then bounces up (if its a good acquisition). I'll be looking to buy on a dip at opening (closed yesterday at 35.30)

 
I am a small time investor compared to most here...
Honestly, I'd bet most of us are small time with a few Titans (Chet, todem, others who advise or do this for a living).  It's a fun way to gamble if you're being smart about it, which you definitely seem to be doing.

 
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Not sure I recall this being mentioned, but any thoughts on Simon Property Group as a long term buy and hold?
They are an excellent operator, but time and tide are not with them. Twenty years from now, most of America's malls will be either data centers or Amazon warehouses.

 
If I were ever able to catch one of these shuttles at departure I wouldn't certainly not want to hold it overnight.  Around 3 pm or sooner I think I'd be pulling the ejection handle.  

Scam for sure but what can be done?  RH is certainly making money so can't imagine they'd want anything to change.  They should enforce the day trader restrictions, though.  I feel bad for some of these FOMO traders.  They're being worked big time.  I've been reading on various message boards of these stocks and the majority of the RH kids have no idea what's happening.  They believe the stock will "lift off" again at any moment when the truth is, the carnival has packed up and left town.  Even on one of the previously mentioned Chinese trash stocks, they're in there talking about how sound the financials are and how well managed the company is... ugh.  Some hard lessons being learned out there while some others are making out bigly.  
It’s Boiler Room, just online instead of cold calls. I know I find out well after the fact so no chance I’d invest knowing I’m not one of the first ones in. I’ve done well on FMCI and OPES as my first truly speculative plays outside of CYDY but they are at least going up due to a company basically having an IPO. As you said, definitely going to be some wealth transfers and lessons learned. I have no idea how the SEC would figure it out and contain it, although in today’s world of AI/big data, you’d think patterns and users would be pretty obvious to figure out. I just don’t know what RH asks for when you open an account.

 
They are an excellent operator, but time and tide are not with them. Twenty years from now, most of America's malls will be either data centers or Amazon warehouses.
I wonder why some of them aren't turned into mixed used buildings. Turn 3/4 of the stores into apartments for old people. Then they can still get their walks in, have restaurants and shops nearby without having to go outside, etc. Seems like a no brainer to me. 

 
I wonder why some of them aren't turned into mixed used buildings. Turn 3/4 of the stores into apartments for old people. Then they can still get their walks in, have restaurants and shops nearby without having to go outside, etc. Seems like a no brainer to me. 
Austin turned a couple into COmmunity College campuses

 
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I wonder why some of them aren't turned into mixed used buildings. Turn 3/4 of the stores into apartments for old people. Then they can still get their walks in, have restaurants and shops nearby without having to go outside, etc. Seems like a no brainer to me. 
They wouldn't need all that parking, part of it could be redeveloped as a pitch-and-putt or something. Let's get rich!

 
No ####. I bought FMCI and OPES last week based on the posts in here. Up $3500 in a week. Keep running. The analyst target was mid $20s this year for FMCI. If these two get around there, it’s going to make it harder to hold till the changeover.

 
Not sure I recall this being mentioned, but any thoughts on Simon Property Group as a long term buy and hold?
I saw a talking head on CNBC discussing the failed merger with Taubman and Simon. Taubman trades under the ticker TCO, and this person was super bullish on them and not so much on Simon. She made a strong enough case that I bought a couple hundred shares of TCO recently. I don’t plan to hold it for a long chunk of time though, for obvious reasons.

 
Geez, that’s rough. You may want to leave the speculative stocks alone and just find long term bets or index funds and let them run.

Damn, just looked and it’s down 50% premarket. 
Yeah, this is down about 65% from where I bought it a couple of days ago. I'll put a trailing stop loss of 3% to see if it recovers at all today, but I'm sure it'll drift around $4 for awhile now. Lesson learned. I think besides trading the onion, my funds will be going into a long term mix. Set it and forget it, DCA in, call it good. 

 
How do you find out what the strike price is of a warrant? For example $ACTTW. The expiration date is right there but I can't seem to figure out the price it's tied to.

 
Yeah, this is down about 65% from where I bought it a couple of days ago. I'll put a trailing stop loss of 3% to see if it recovers at all today, but I'm sure it'll drift around $4 for awhile now. Lesson learned. I think besides trading the onion, my funds will be going into a long term mix. Set it and forget it, DCA in, call it good. 
hope you didn't buy a large amt

 
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