2Squirrels1Nut
Footballguy
Because it's completely irrational and akin to worshipping a cult, na na na na na na na na leader?
At least it is for me.
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Stock Thread (9 Viewers)
- Thread starter St. Louis Bob
- Start date
At least it is for me.
GROOT
Footballguy
Wild Young Billy
A Crazy Cat
Pigskin Fanatic
Footballguy
There are a set number of shares outstanding like any other stocks, but the number is usually in the hundreds of millions or more, is that what you mean? Also, for pennies in general, they report average volumes across multiple days. I see this stock has 192M outstanding shares. These are not for investing, it's day trade fodder. % gain is great. $ gain not so much.
I have a canadian grower stock I bought over a year ago as a sub penny and now it's a real stock listed on NYSE at $7. But to get here it went through multiple reverse splits and my millions of shares is less than 100 qty. I made my initial investments back buying and selling quick back then, so I sat on these remaining shares to see how far it goes. Not great for long term.
Wild Young Billy
A Crazy Cat
Can you imagine what would happen if he said they are backing a CBDC?Everyone just waiting on Powell in an hour.
Dwayne Hoover
Footballguy
Is today a good day to make a foray into UVXY? Powell about to go on? Fireworks?
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Insoxicated
Wouldn't the fact that the creator intentionally avoided having a single person become the face/focus of it make it decidedly UN-cult like?
JAA
Footballguy
Im in it for long, so I would still buy.
I actually bought twice and contemplated the same thing on the second buy. I went back to what I was told way back in the day "Dont try to time the market"
JB Breakfast Club
Footballguy
Pigskin Fanatic
Footballguy
Q&A session is still on-going, overall very optimistic view. Streaming live on Yahoo finance.
Generally, two target indicators discussed: inflation target is 2% for end of 2021, it's at 1.8 now trending to 2.2 for end of year. The other is unemployment target of 5%, currently projected to be 4.5%. These indicators would accelerate rate increase, but for now no increase expected for 2022, probably none into 2023 unless there are significant changes in the projections. Powell acknowledged though that "improvement" in unemployment % ignores the fact that there are 9 million less people in the work force as compared to February 2020, pre-Covid, as well as businesses that are gone now because of Covid and won't be replaced.
Did anyone catch the beginning of this Q&A session, the second question raised was not answered and Powell said there is an announcement coming on that in the next few days so he will not address it. What was the question?
Generally, two target indicators discussed: inflation target is 2% for end of 2021, it's at 1.8 now trending to 2.2 for end of year. The other is unemployment target of 5%, currently projected to be 4.5%. These indicators would accelerate rate increase, but for now no increase expected for 2022, probably none into 2023 unless there are significant changes in the projections. Powell acknowledged though that "improvement" in unemployment % ignores the fact that there are 9 million less people in the work force as compared to February 2020, pre-Covid, as well as businesses that are gone now because of Covid and won't be replaced.
Did anyone catch the beginning of this Q&A session, the second question raised was not answered and Powell said there is an announcement coming on that in the next few days so he will not address it. What was the question?
General Malaise
Footballguy
On the one hand,it feels feckless to recommend a stock that is already up 100% YTD. On the other, I do think this stock and a couple of others that also have exposure to helium, have some more room to run. Look at Royal Helium: RHCCF. That thing is up 57% YTD. Or American Helium AHELF up 27% YTD. I wouldn't invest in these stocks because other than having the word "helium" in their name, they aren't going to be legit players in the space.
BUT......again, hate to be cliche - rising tides lift all boats. I think news on the horizon is forthcoming that will bolster these little stocks and if I had to pick ONE to put in my portfolio (or kids' portfolios, which I have done) I'd use DMEHF. They can actually produce the gas.
Nick Vermeil
Footballguy
RIOT would have been a nice day trade. I had a buy at $50, didn't quite get there.
I wasn't listening so can't say for sure, but wouldn't be surprised if the question had to do with the tax deadline being moved from April 15th to May 15th. It hasn't been formally announced yet but supposedly someone leaked the change earlier today.
parasaurolophus
Footballguy
Grabbed 500 shares of ARDX. Hoping to see $9 bucks a share pre PDUFA date (April 29). I think they get approval, but I dont see much of a post approval run that would be worth the risk.
Pigskin Fanatic
Footballguy
treasury meeting probably wouldn't go into tax related issues. I just found it, it was regarding SLR Supplementary Leverage Ratio.
this could be significant to the banking sector in the next few days depending on what the announcement ends up being.
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The Ref
Footballguy
landrys hat
Footballguy
FLGT is having a nice week.
rick6668
Footballguy
I'm guessing it's an extension of this:
The Fed and other agencies last spring allowed banks subject to the supplementary leverage ratio to exclude U.S. Treasury securities and deposits at Federal Reserve banks from the measure of capital relative to assets. The exemptions, set to expire March 31, were meant to free up resources to make loans and other purposes.
While the central bank is still weighing its options, Powell indicated to members of the Senate Banking Committee that an extension is on the table. The deadline is also approaching on the relief provided by the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency.
Keerock
Footballguy
Hope that means I can delay my payment until thenYES! Reports saying May 17th.
Makes sense. I was just guessing since it wasn't formally announced yet.
I would say yes but can't say for certain. When the filing deadline was extended to July 15th last year they also extended the payment deadline so I would assume that they would do the same this time.Hope that means I can delay my payment until then
Me too, and I am assuming that's the case just like last time. It's only a month, but, any delay kind of reinforces my position should they come after me for not making quarterly tax payments.Hope that means I can delay my payment until then
David Dodds
Administrator
Was a very good day doing exactly that for me. I ended up adding +300 shares (selling 1,500 and buying 1,800). The crazy ending where it dipped below 205 was comical and that allowed me to be a net gainer on the day.
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Bossman
Footballguy
It's a fun theory ... but doesn't explain how 8m calls were triggered last Friday ... and the stock price nose dived Monday. Should have been quite the opposite I would think.
Somehow the shorts are able to move the goalposts again and again?
dkp993
Footballguy
Hey, $1.64 bud. Lets not short the thing.GME finishes up 50 cents! To the moon!
*yes pun intended
beef
Footballguy
Bob Sacamano
Footballguy
Took that one to the gut but still beat the market nicely. It’s a long term buy so I’ll keep rolling. It’s still growing nicely and should grow 25-30% next year. I guess expectations were higher or it had been up nicely already.
beef
Footballguy
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2Squirrels1Nut
Footballguy
Bob Sacamano
Footballguy
Biggie might have a problem with that since I wasn't, strictly speaking, any part of it whatsoever.
2Squirrels1Nut
Footballguy
I don't know, it was the first thing that sprang to mind. I guess gold falls into the same category as it's only real value is because there's demand for it since chicks dig shiny stuff.
2Squirrels1Nut
Footballguy
Bob Sacamano
Footballguy
Many were. He stepped out on me with a guy from work for that. I probably deserved it.I thought it was a dual effort.
Sand
Footballguy
There was a point where it got over $30 again that I was regretting selling it at $28 or $29. Definitely good with it now. Unfortunately, investment wise, I think the best outsider in the truck market will be Rivian. It's not going to be public at an early enough stage like these others. That said, I think most of the other outsiders will be nothing in a few years.beef said:
David Dodds
Administrator
I think this is the cheapest way to get exposure to NFT.Sand said:
Charlie Harper
Footballguy
From my understanding that's exactly it. Shorts can just keep kicking the can down the road. Even if there were 8 million calls, from the pdf it seems like it really T+13 days once to settle the shares. So it's really a matter of who can hold on the longest shorters (hedge funds) or retail. Judging by the size of the bank vault and tools available, I'm starting to think shorters will win unless the good guy funds show up soon. Not sure retail will have much money left after the stimmy.Bossman said:
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