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Stock Thread (16 Viewers)
- Thread starter St. Louis Bob
- Start date
David Dodds
Administrator
If big bets were against AMC, they are about to get exposed soon. Look at the calls coming in on Friday if this stays above $8.00
https://finance.yahoo.com/quote/AMC/options?p=AMC&straddle=true
https://finance.yahoo.com/quote/AMC/options?p=AMC&straddle=true
Desert_Power
Footballguy
XLE back over 50.
beef
Footballguy
I've been a huge energy bull for months now, but this is almost getting ridiculous. I'll take it though!
Desert_Power
Footballguy
I started trimming probably around 43 (including a small tranche today). Not sure how much I want to keep long term. It's been a quick recovery the last couple of months.
NajehHejan
Footballguy
JAA
Footballguy
The only thing I bring to penny stock trading is patience. I suck at everything else!
JAA
Footballguy
ChiefD
Footballguy
I'm still holding it. Would like to see a little upward momentum just to make me feel better about myself.
beef
Footballguy
TripItUp
Footballguy
I have IPOE in my IRA as well. Tough to trade it right now with so much shorting...it can't go anywhere. It is a likely long term winner though IMHO.
TripItUp
Footballguy
I would be careful here...interest rates could torpedo TQQQ.I started a TQQQ position yesterday and added more this morning.
Desert_Power
Footballguy
2Squirrels1Nut
Footballguy
Powell said something to the effect earlier today that rates won't be raised any time soon. Everything took off after that. FWIW
TripItUp
Footballguy
NajehHejan
Footballguy
How do you know this? Should I be bailing out of these ARK funds and waiting until things cool back down?Looks like the big players are shorting ARK funds and tech like IRDM/U/SQ/TSLA etc.
I bought DMTK this morning.
My Marriott calls
General Malaise
Footballguy
kevzilla
Footballguy
jamny
Footballguy
I only picked it up on 2/16 for a short swing hoping to sell before yesterdays earnings. Took a dip but recovered nicely.
General Malaise
Footballguy
General Malaise
Footballguy
I think it's smokeless cigarettes or something but hell if I care, I'm looking for income.
Charlie Harper
Footballguy
LUV almost back to precovid levels. It was the stock that made me jump into stock trading vs indexing.
Instead I sold my initial LUV stock to chase CYDY and I am now down 28% since 4/28/2020 in the biggest bull market in history I've heard instead of a 2x.
I used most of my cash last week to open new positions so now I'm sitting red in a lot of things.
Positions so you guys can avoid:
RED STOCKS
CYDY
BB
GTEH
AITX
CRSP
IPOE
UNVC
PLTR
GREEN STOCKS
DIS
GME
Good thing I jumped in GME and got out with a double up. Should've sold it all at the top for a 4x but got greedy. Expensive lessons I'm learning. Might just go back to indexing.
Instead I sold my initial LUV stock to chase CYDY and I am now down 28% since 4/28/2020 in the biggest bull market in history I've heard instead of a 2x.
I used most of my cash last week to open new positions so now I'm sitting red in a lot of things.
Positions so you guys can avoid:
RED STOCKS
CYDY
BB
GTEH
AITX
CRSP
IPOE
UNVC
PLTR
GREEN STOCKS
DIS
GME
Good thing I jumped in GME and got out with a double up. Should've sold it all at the top for a 4x but got greedy. Expensive lessons I'm learning. Might just go back to indexing.
kevzilla
Footballguy
Just highlighting the potential issues if owned in a non-taxable account. It's one of the better-run ones.
General Malaise
Footballguy
Explain this to me like I'm Michael Scott from the Office.Just highlighting the potential issues if owned in a non-taxable account. It's one of the better-run ones.
The General
Footballguy
Did everyone dump CCIV? Saw some good breakdown days ago about how the actual Lucid deal wasn’t a good thing and just the rumor was and boy did that play out.
I did the sell half when it doubled thing but do I hold on? I would be selling and dumping half into “safe” stuff and half into more bets if that makes a difference.
I did the sell half when it doubled thing but do I hold on? I would be selling and dumping half into “safe” stuff and half into more bets if that makes a difference.
kevzilla
Footballguy
It's the K-1 issue. Others can probably do a better job, but MLPs (and REITs I think) can cause a tax headache if owned in an IRA or similar. I've read horror stories where IRS decides your whole IRA is taxable.
Happy to be corrected on any of this, but the conclusion I drew was since these instruments are already somewhat tax-advantaged, they are better off in a taxable account.
SFBayDuck
Footballguy
Teh googles tells me it's immediately taxable once it reaches $1000 in income. Is that annual? Lifetime?
In any case thanks for pointing this out as my Roth is obviously not the right place to be holding this one long term. Bummer.
General Malaise
Footballguy
2Squirrels1Nut
Footballguy
General Malaise
Footballguy
I think we're alright:
These two reasons are why I would never put Enterprise into an IRA. Yes, it's a leading player in the midstream sector, often considered a bellwether for the industry. It has an incredible streak of annual distribution hikes (21 years and counting) and a fat 5.8% yield. And it is, by all accounts, a great partnership that is constantly looking for ways to get even better for its unitholders. But the drawbacks of putting it into an IRA means it isn't right for these accounts, no matter how high the yield is or how great a partnership it happens to be.
However, you could happily add ONEOK, Inc. (NYSE:OKE) without facing any of those issues, because this midstream company is structured as a regular corporation. Although ONEOK's yield of 4.8% is a little lower than Enterprise's, it shares a lot of the partnership's most desirable traits.
Nigel
Footballguy
I got out entirely yesterday at $42.50 after it bounced. @stbugs was spot-on being skeptical of the valuation leading up to the official announcement. I should have sold some Monday but feel fortunate to have timed my exit pretty well yesterday - the lone highlight of an otherwise crappy day.
General Malaise
Footballguy
General Malaise
Footballguy
Playgon playing....
The General
Footballguy
JoeSteeler
Footballguy
ericttspikes
Footballguy
I only had 400 @ 13 and sold 100 at $60 and free rolling the rest. Will probably buy more at some point. I love Lucid.
eaganwildcats
Footballguy
urbanhack
Fight The Power!
randall146
Footballguy
Can someone explain to me why my fundamental concern about SPACs is incorrect? I admit I am a total newb but here goes: SPAC gets listed for $10. You get in somewhat early for $10.50. Rumors start flying that SPAC is going to acquire XYZ. XYZ looks like a good company and is in a hot sector so SPAC rises to $15. Then for a while rumors continue and people debate the merits of XYZ and SPAC numbers go up or down. Then at some point a deal becomes more likely and again the price rises or falls based on what the market thinks of XYZ.
But what never seems to be discussed until it's an afterthought is how much of XYZ SPAC is acquiring, and at what price. It's like evaluating someone's portfolio knowing only the company names, not the amounts owned or purchase price.
So it seems like all you get with a SPAC is the possibility of acquiring some percentage of some company, or you get $10 back.
But what never seems to be discussed until it's an afterthought is how much of XYZ SPAC is acquiring, and at what price. It's like evaluating someone's portfolio knowing only the company names, not the amounts owned or purchase price.
So it seems like all you get with a SPAC is the possibility of acquiring some percentage of some company, or you get $10 back.
ericttspikes
Footballguy
added 100 CCIV @ 30, looking like it's going to 25 or lower though. Will probably add at 25 too and lower if it breaks that. Full panic sell mode going on. Looking to take advantage of that.
New purchase averaged to $7.50 a share. I'm good with that.
New purchase averaged to $7.50 a share. I'm good with that.
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FreeBaGeL
Footballguy
This NNOX news seems like a pretty big deal, no?
Bunch of call sweeps got fired off on that news. Looks like they are buying March 5 $59 strike for 6 bucks each.
Bunch of call sweeps got fired off on that news. Looks like they are buying March 5 $59 strike for 6 bucks each.
Lol. I’m not an expert at all. I just knew that the merger was going to be a hit to people. It would either be that the PIPE would make people realize that the “experts” and Lucid itself didn’t value themselves as high as the crowd (like GME if you will) or that Lucid wanted to get a much bigger market cap and then the per share slice of the company would be way less than expected. Both scenarios meant that the people buying at $60 would be left in the cold.The General said:
The other thing is that unlike Tesla, Lucid is coming to market when they will have dozens of competitors who have more mainstream products while they’ll be in the niche high, high end cars. If they don’t hit manufacturing perfectly the next few years they could be in big trouble. Unlike Tesla, they don’t have Musk and other potential businesses being worked on so they will also be valued more like a true car company because kind of like how LCD TVs just replaced Tube TVs, EVs will soon be just “cars.”
