I made some small purchases yesterday, may do so a little today as well. Most of the pre-merger SPACs are barely down since they are already at $10 and change. EV stocks getting hammered for NKLA. NKLA under $18. Damn, lots of people bought in from $60-$90+.
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Stock Thread (62 Viewers)
- Thread starter St. Louis Bob
- Start date
CR69
Footballguy
@FishNSuds Stumbled on SBE, kind of a BEEM competitor just much larger. Could be interesting but going up today.
beef
Footballguy
*Sunworks Shares Spike Sharply Higher in Premarket; Up 600% at the High; Shares Traded Higher on Wednesday after Stock Was Mentioned on Social Media as A Sympathy Play to Spi Energy - Benzinga
Of course, makes total sense. Everyone get on their FB and Twitter and starting mentioning NRGU (Big Oil) for me please. Get your parents and gramma on it too! TIA.
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I mean people are just plain stupid. Remember that GNUS stock that started it all? It’s at $1 and likely because it’s still got people who bought it at $11 that think it might still get back there. The average volume is still 30M because of how many shares traded a few months ago while yesterday was 300k. These stocks are dogs, absolute dogs. Stocks with declining revenue missing targets by 20-30% in a death spiral.
If you are in a real stock, it can’t be manipulated unless it’s downright fraud like LK and maybe soon to be NKLA.
All that said, these are Nasdaq stocks so how is it that they can’t control it or the SEC? I don’t care because it ain’t my money but it’s like phone scams milking money from seniors instead now it’s RHs.
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What did you get DPHC at pre-market? I saw it in the 20s. I’m in for 100 more at $18.77. I have 100 at $23.
Also threw a lowball 100 at $17.25 in case I’m busy and there’s another big drop.
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Al Czervik
Not wearing pants
It's feeling like we will hold that 3225 level he is talking about.
beef
Footballguy
$20.10 premarket, and made another buy at 18.80. Started buying yesterday at $25, added as couple of times as it dropped, then a couple this morning. 120 at around $23. I need to double check my cost as I think it's being wash sale calculated (showing a lower avg than 23).
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CR69
Footballguy
Damn. In the time to post that I lost my window. SMH. That said I already own enough (450 shares) so glad it bounced. I don’t want to get too heavy in any of these SPACs or IPO (like NNOX). I made a nice chunk of change on CYDY, but that stuff is so damn risky. I just got lucky to get in early.
skycriesmary
Climbing up the Walls
beef
Footballguy
Good question. I never got in any cruise stocks this year. CCL was a retail and Robinhood fav. Kind of looking at May prices here.
Can anyone explain to me what this means:
*Carnival Option Alert: Jan, 2023 $20 Calls Sweep (17) near the Ask: 402 @ $5.0 vs 675 OI; Earnings 10/6 Before Open [est] Ref=$13.8
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Chadstroma
Footballguy
Ok, rock n roll. I was tracking up until the changing the ticker because I saw UWMC (I think) as the future ticker symbol and then was like wait.... did I just screw up? lolstbugs said:
ghostguy123
Footballguy
So much for thinking maybe a positive day
Stonks keep going down
Stonks keep going down
FreeBaGeL
Footballguy
Exposure/leverage.
402 calls cost him $201,000 to get exposure to the movement of 40,200 shares.
Buying 40,200 shares outright would cost $562,800.
KGB
Footballguy
Don Hutson
Footballguy
Has anyone been day trading Nikola? It's probably going to bounce up and down for the foreseeable future. I have a buy order in at $17 but thinking of upping that to $18. Anyone think that is a bad idea?
Nugget
Footballguy
Don Hutson
Footballguy
I don't believe in the company at all. If I buy, it'll hopefully be for 2-3 days max. I'm thinking the bottom for now is $18. It might be risky to own it over the weekend since more bad news could come out.
-OZ-
Footballguy
I didn't even realize academy hadn't been on the market. We love ours. What's the price looking like?
$15-17, but pricing happens next week. I’m staying away from Hygo, but I’ll ask for 200 or so shares of Academy. WTH. Pactive was meh but not down too much and LSF was awesome so far.
-OZ-
Footballguy
bcnfinance
Footballguy
It doesn't sound like you are doing any due diligence and just want to gamble a bit of money by guessing a low. Not saying you can't do that but are there any companies that you believe in that you can invest in that offer similar price opportunities?
Don Hutson
Footballguy
It's true that I haven't done much due diligence on Nikola. I read 7-8 articles and didn't learn much. Trevor Milton seems like a t-w-a-t and might be a charlatan. But hopefully GM did plenty of due diligence to have believed in it enough to invest $2 billion. But maybe GM was hoodwinked because they were desperate to compete with Tesla. If GM can be bamboozled, what chance do I have of understanding a motor company from doing due diligence on the innerwebs?
When I day trade, I invest because I believe the stock price hit a bottom and will bounce back, not because I believe in a company. It has more to do with what I think investors are going to do than anything I could learn from studying a company.
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McBokonon
Footballguy
GoBirds
Footballguy
It’s hard not to like Apple long term. I bought mine when it was around $100 pre split but have been recently adding more as a long term hold.
Don Hutson
Footballguy
If roulette paid more than 100%, I would. Gambling becomes investing when the odds favor you.
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FreeBaGeL
Footballguy
I think there is decent short term bounce potential in that stock but the only way I would even consider holding it long even for the short term is if I were tuned into the news and available all day long. All it takes is GM pulling out of that deal while you're in an hour long meeting at work or something and the stock could be 8 bucks by the time you get back on your computer.
I've actually been shorting NKLA overnight the last few nights just on the chance that some GM news comes out while the markets are closed.
Bob Sacamano
Footballguy
What the hell?
You know when you Google a ticker, it brings up that little knowledge panel thing on the right hand side of the screen? This is the one for SBUX.
Starbucks
Coffeehouse company
starbucks.com
Description
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. As the world's largest coffeehouse chain, Starbucks is seen to be the main representation of the United States' second wave of coffee culture. Wikipedia
Customer service: 1 (800) 782-7282
CEO: Kevin Johnson (Apr 3, 2017–)
Founded: March 31, 1971, Seattle, WA
Founders: Gordon Bowker, Jerry Baldwin, Zev Siegl
Hot chocolate calories: 190 calories fatsecret.com
McBokonon
Footballguy
There’s just too much wrong there. I would at least want to have some fundamentals to act as a floor but I also don’t day trade. Good luck.
Don Hutson
Footballguy
It's true that it would be a perfect day trade if I also believed in the company. If the stock price did fall further, I would be comfortable holding on long term so it would be risk free. But those kinds of perfect day trades are very rare. Quality companies usually only tank when the whole market tanks. Flawed companies plummeting are far more common. And it's possible to make a lot of money on even the most flawed companies e.g. Luckin, Hertz.
-OZ-
Footballguy
1. The odds don't favor you.
2. You're speculating not investing.
3. The chances of you doubling here are very low, especially as you're viewing it as a short trade.
Not to say you can't win, some do quite well day trading. Just acknowledge it for what it is.
FreeBaGeL
Footballguy
I don't think he's classifying it as investing. He did say he was only interested in trading it.
Not sure why people are acting like this is some new thing around here. Half this thread bought Luckin' after it was further down the fraud train than NKLA is now and some of our favorite trading stocks (BLMN, CYDY, HGEN) aren't exactly darlings of fundamentals.
Not sure why people are acting like this is some new thing around here. Half this thread bought Luckin' after it was further down the fraud train than NKLA is now and some of our favorite trading stocks (BLMN, CYDY, HGEN) aren't exactly darlings of fundamentals.
