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Whatever guys, thread open. (1 Viewer)
- Thread starter Eminence
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Rayderr
Footballguy
Luckily he sold his hypothetical stock before it dropped.ichris said:
ichris
Footballguy
So? You listed it prominently as part of the Eminence Fund less than 3 weeks ago. Granted, it's currently higher than $42, but that doesn't take away from the fact that the stock got dinged hard after releasing earnings.
Are you keeping TWTR in the fund or are you officially removing it from your portfolio?
54.31 11.66 (17.67%)
Onions
Footballguy
SacramentoBob
Footballguy
Turn those machines back on!
fantasycurse42
Footballguy Jr.
HEMP Inc - 1.6 Billion shares outstanding @.2 = over $300MM...
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
jamny
Footballguy
Full Time Employees: 4fantasycurse42 said:HEMP Inc - 1.6 Billion shares outstanding @.2 = over $300MM...
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
I fully expect this stock to drop again tomorrow:
Past 4-days:
80%
60%
15%
-25%
Sooo, what you want to do is wait for the big drop tomorrow. This stock usually peaks right at open before crashing; after crashing it returns to about 50% of what it's "high" was at the open. Use this pattern and roughly estimate where the low of the day is going to be and make yourself some quick cash.
It's high-today (open) was $0.32.
It's low-today (slightly after open) was $.17 a share.
After crashing, you could have sold out at between $.22 - .25 a share.
Past 4-days:
80%
60%
15%
-25%
Sooo, what you want to do is wait for the big drop tomorrow. This stock usually peaks right at open before crashing; after crashing it returns to about 50% of what it's "high" was at the open. Use this pattern and roughly estimate where the low of the day is going to be and make yourself some quick cash.
It's high-today (open) was $0.32.
It's low-today (slightly after open) was $.17 a share.
After crashing, you could have sold out at between $.22 - .25 a share.
Em wisely got out when it hit $0.087. He wanted no part of that 300 percent run up, all that Capitol gains tax and stuff. He was happy showing us how he can flip it and make enough to cover his Brokerage fees.fantasycurse42 said:HEMP Inc - 1.6 Billion shares outstanding @.2 = over $300MM...
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
You got me! I'm just a dummy and didn't make any money off this stock the past few days!Em wisely got out when it hit $0.087. He wanted no part of that 300 percent run up, all that Capitol gains tax and stuff. He was happy showing us how he can flip it and make enough to cover his Brokerage fees.fantasycurse42 said:HEMP Inc - 1.6 Billion shares outstanding @.2 = over $300MM...
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
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jamny
Footballguy
I mainly want DocHoliday, FC, and Sheik to think I'm cool. If I win them over, the rest of you guys will be gravy. Then I'll reach Super-Elite Tier status.
EDIT: ...and as it turns out, I don't have anything else better to do with my time off. :(
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Right. You pumped yourself every 20 percent gain you cashed in on and now we are suppose to believe you cashed in on that 300 percent gain. You would have been beating your chest so loudly if you did.You got me! I'm just a dummy and didn't make any money off this stock the past few days!Em wisely got out when it hit $0.087. He wanted no part of that 300 percent run up, all that Capitol gains tax and stuff. He was happy showing us how he can flip it and make enough to cover his Brokerage fees.fantasycurse42 said:HEMP Inc - 1.6 Billion shares outstanding @.2 = over $300MM...
Cash on hand: $2,200 - Ron loaned a random hot chick more cash then they have on hand
It got pumped real nicely - I wish I dropped $100k in this thing before last month, but the fall will be fast and ugly. Hope you're out Em.
BobbyLayne
Footballguy
Where's that hard delete we were promised?
UPDATE, FEBRUARY 6TH:
Well fellas, I'm back.
Turns out life is pretty boring when you've only got two close friends, you work 40+ hours a week, and you go to school full-time. I'd like to give you all a little update on my life situation and I would like to formally admit that I was wrong about a few things. You guys and your collective life experience are leading me in the right direction.
1.) I missed out on that first 80% gain day of HEMP but did managed to capitalize on the 60% and 15% gain days. I've got approximately $670 available for trade and plan on going in for one more small gain before pulling all my money out of the market completely (besides my Walgreens stock) to pay off my credit card debt.
2.) My Walgreens W-2 finally came in and after it was all said and done, I will be getting $800 back on my tax return! Cowabunga!
With all of this in mind, my finances look as followed:
Stock Portfolio: $1,790
Credit Card A: $1,750
Credit Card B: $700
I plan on putting my $800 tax return directly onto that first credit card which will reduce it's balance to about $950. From there, I plan on taking all of my money that is or was associated with my HEMP stock onto that same card which will reduce the balance to about $270.
Stock Portfolio: $1,110
Credit Card A: $270
Credit Card B: $700
From here, most (maybe all) of my credit debt should be absolved by the end of March. Which was the main advice all of you gave me, pay off my credit cards first.
Well fellas, I'm back.
Turns out life is pretty boring when you've only got two close friends, you work 40+ hours a week, and you go to school full-time. I'd like to give you all a little update on my life situation and I would like to formally admit that I was wrong about a few things. You guys and your collective life experience are leading me in the right direction.
1.) I missed out on that first 80% gain day of HEMP but did managed to capitalize on the 60% and 15% gain days. I've got approximately $670 available for trade and plan on going in for one more small gain before pulling all my money out of the market completely (besides my Walgreens stock) to pay off my credit card debt.
2.) My Walgreens W-2 finally came in and after it was all said and done, I will be getting $800 back on my tax return! Cowabunga!
With all of this in mind, my finances look as followed:
Stock Portfolio: $1,790
Credit Card A: $1,750
Credit Card B: $700
I plan on putting my $800 tax return directly onto that first credit card which will reduce it's balance to about $950. From there, I plan on taking all of my money that is or was associated with my HEMP stock onto that same card which will reduce the balance to about $270.
Stock Portfolio: $1,110
Credit Card A: $270
Credit Card B: $700
From here, most (maybe all) of my credit debt should be absolved by the end of March. Which was the main advice all of you gave me, pay off my credit cards first.
BobbyLayne
Footballguy
I recently lost $100 betting on the Denver Broncos. I was very tempted to take that line at Seattle +2.5 but eventually caved and took the Broncos ML. However, that bet gave me a FREE PLAY of $5.00 that I have successfully turned into $37.00 (mainly riding the backs of the Miami Heat and their recent Winning Streak).
I've been hitting it big on live betting and despite the fact I know this is going to jinx me, I've got the following bets going for tonight:
Basketball NBA - San Antonio Spurs +6 -110 for Game
$5.00 to win $4.50
Ice Hockey NHL - Parlay
Jets +1.5
Rangers ML
Canadiens ML
$10 pays out $23.28
I've been hitting it big on live betting and despite the fact I know this is going to jinx me, I've got the following bets going for tonight:
Basketball NBA - San Antonio Spurs +6 -110 for Game
$5.00 to win $4.50
Ice Hockey NHL - Parlay
Jets +1.5
Rangers ML
Canadiens ML
$10 pays out $23.28
xulf
Footballguy
I don't plan on doing much action in the stock market until I have an account balance of about $2,000. At this point I can begin buying and selling on Margin. Because of "Good Faith" violations, it's going to be waaay too risky for me to play these penny stocks given the volatility of them.
If everything bodes correctly, I should be able to start buying on margin sometime in March.
If everything bodes correctly, I should be able to start buying on margin sometime in March.
I'm aware but I think they've still got depth. It's only a $5.00 bet and my broker allows live betting and I can hedge $10+ against whatever happens gauging the tempo of the game.
Politician Spock
Footballguy
I thought an account needs to be at a minimum of $25,000 before "good faith" isn't an issue anymore.
So you are giving us details on a series of bets which you successfully managed to lost 67 percent on, but not giving is any details on your brilliant moves you made on HEMP?
$2,500 is the number for me to be reimbursed up to $150 in transaction fees by moving over to http://www.tradeking.com
I bought at $.16 and sold at about $.25. I figure everyone's gonna give me #### about it and I'm gonna have more brilliant stock moves in the future so I'm just trying to move past it.
No, I didn't capitalize on it 100%. But I have been loosely consulting with FC and didn't advise me to stay in that security for very long.
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Politician Spock
Footballguy
The $25,000 amount is set by an SEC exchange rule. It's not just an amount a broker decides on.
If I have the actual $$$ to backup my margin trades, there's no fees. By May - June, this stock thing will be going in full force. If anything, I'm embarrassed to have dragged my name through the mud before I could actually impress you guys with real gains.
You're probably right, here's the quote from tradeking.com that I'm getting my info from:
TradeKing will credit your account transfer fees up to $150 charged by another brokerage firm when completing an account transfer for $2,500 or more. Credit will be deposited to your account within 30 days of receipt of evidence of charge. TradeKing reserves the right at our sole discretion to modify or terminate this offer without prior notice. Pulling off the switch is easy. Here's how: Open a New Account or if you already have an account, log in. Complete and print an Account Transfer Form. Mail or fax the signed Account Transfer Form to TradeKing along with a copy of your most recent statement from your previous broker. Request your account transfer reimbursement by faxing your transfer reimbursement form, along with proof of transfer charge, to 866.699.0563. This offer cannot be combined with any other reimbursement offers including our offer to credit fees for initial funding by wire or overnight mail. This offer does not apply to Termination Fees or Maintenance Fees. Customers should consider the differences in services and transfer fees before switching their brokerage accounts.
I should probably just call them.
Politician Spock
Footballguy
Do a google search on "pattern day trader" before you start trading on margin with only $2,000 in the account. Your trades could trigger getting your account LOCKED!
https://www.google.com/#q=pattern%20day%20trader
Interesting, this is good stuff to know. Looks like if I wait at least a day before trading I should be fine? And if I keep my transactions down to 1 - 2 a day (if I am day-trading), I should be fine as well.
fantasycurse42
Footballguy Jr.
SacramentoBob
Footballguy
Is this the Eminence Fund or the FC Fund? Seems like some bait and switch is going on here.
Could you explain this a bit? If there's some major flaw in my thinking, I'd love the heads-up.
Raider Nation
Devil's Advocate
mquinnjr
Footballguy
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fantasycurse42
Footballguy Jr.
This thing trades about $10,000 worth a day... So while someone buying 1000 shares might makes $25 dollars if they get caught on the right side of the pump, real money gets swallowed like Linda Lovelace...
You need to be very careful with these unregulated pink sheets - You'll get crushed - they're usually fake companies set up to be pumped by newsletters, sell their shares when they go up, & then a group of suckers left holding the bag...
Looking at HEMP, I've been debating opening my own marijuana company
fantasycurse42
Footballguy Jr.
Trying to put some life back in this thread, it was derailed before...
I didn't see you posting while this was happening
http://forums.footballguys.com/forum/index.php?showtopic=703730&hl=window#entry16501868
Sarnoff
Footballguy
Of course it's legal, that's how the pink sheets operate. You just have to sign up for a Yahoo finance account and start posting away to their boards to pump up the price, then sell it before anyone catches on. Repeat on every website you can find. Free speech is free speech. If it was illegal, no one would do it.
Would you assume that if you watched these pink sheet stocks you could decipher certain patterns? Or would you say it's largely random?
Sarnoff
Footballguy
Sure, if you had enough knowledge of the players, their online aliases, posting patterns & history, etc., sure, you could figure out what they're moving onto next and get in early & get out on top. But it's just easier to start doing it for yourself. The hard part is it takes time and most people have full-time jobs and don't want to waste time jumping in and out of message boards all day.
SacramentoBob
Footballguy
Eminence gets arrested for securities fraud within the next 3 years +1500
ichris
Footballguy
Did you not see The Wolf of Wall Street?The wolf is the guy selling you the HEMP shares.
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fantasycurse42
Footballguy Jr.
mquinnjr
Footballguy
Boiler Room is the same kind of deal, both good flicks to learn how this works via the phone.
fantasycurse42
Footballguy Jr.
I get a chubby watching this
Before I get started I have one question, has anyone here passed their series seven exam?
I have a series seven license.
Good for you, you can get out too.
What, why?
We don't hire brokers here, we train new ones. That's it skippy, pack your #### lets go!
been a while since I watched this one...
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