McBokonon 3,660 Posted February 24 Share Posted February 24 18 minutes ago, NajehHejan said: Is ti safe to check and see what the market is doing? Was kind of hoping for a spoiler in here..... Maybe find a good book or God forbid do some work instead Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 On 2/22/2021 at 3:23 PM, rick6668 said: On 2/22/2021 at 3:17 PM, steelerfan1 said: anyone else adding more FLGT? it's approaching 110. I got in at 150, but I'm not sure 110 is where it stops... I haven't added any. Some of these recent adds have done nothing but drop. DM and AGTC down over 15% for me. Hopefully you held AGTC, up over 10% today Quote Link to post Share on other sites
jamny 6,594 Posted February 24 Share Posted February 24 OKE survived a big earnings miss and is heading towards June highs. Good LT pipeline play, imo. Quote Link to post Share on other sites
rick6668 1,254 Posted February 24 Share Posted February 24 Just now, JAA said: Hopefully you held AGTC, up over 10% today I did. Still down over 30% though... 1 Quote Link to post Share on other sites
beef 2,985 Posted February 24 Share Posted February 24 (edited) 37 minutes ago, kevzilla said: Really mad at myself after watching UVXY squeeze up to about a 5% profit yesterday morning, and not hitting the Eject button. (Again, the real problem is I bought half of this position too early.) I don't think we'd be as disappointed if TVIX were still alive. VIX up 6, UVXY up <3. It's a half leverage, not 1.5. VIX not up 6 anymore. That changed quick Edited February 24 by beef 1 Quote Link to post Share on other sites
David Dodds 2,721 Posted February 24 Share Posted February 24 I bought AMC hard between 7.10 and 7.40. Rocketship time. I will start selling at 8.00 and wait for the next big push trying to lower it and rinse and repeat 2 Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 6 minutes ago, rick6668 said: 10 minutes ago, JAA said: Hopefully you held AGTC, up over 10% today I did. Still down over 30% though... Its a well run company. I like its long term prospects. Good luck! Quote Link to post Share on other sites
David Dodds 2,721 Posted February 24 Share Posted February 24 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 3 Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 On 2/18/2021 at 10:01 AM, JAA said: On 2/18/2021 at 9:53 AM, NajehHejan said: Sold my RIOT and MOGO - had to bank the gains - I'm sure they'll keep going up. Trying to rinse/repeat with some cheaper crypto plays. This could be an ingenius move, or utter stupidity: In CCTL at .04 In BFCH at .235 In INTV at .50 Expand In a small amount of CCTL. Looks like it may be near the ceiling with significant resistance past 40. Also, momentum seems to be slowing which also Im guessing is not a good sign. I took a hit the second I bought CCTL. Looks to be moving today. Anyone have any new info or are we simply correcting? Quote Link to post Share on other sites
Ridgeback 94 Posted February 24 Share Posted February 24 IPOE is turning into IPOO. Is the collective still holding here? I'm wondering how many SPAC's are down in sympathy with CCIV recent activity. Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 24 Share Posted February 24 XLE back over 50. 1 Quote Link to post Share on other sites
jamny 6,594 Posted February 24 Share Posted February 24 Picked up some ONVO. Downtrend reversal on heavy volume. Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 Nice to see a super green day. Need a few more of these 1 1 Quote Link to post Share on other sites
beef 2,985 Posted February 24 Share Posted February 24 4 minutes ago, Desert_Power said: XLE back over 50. I've been a huge energy bull for months now, but this is almost getting ridiculous. I'll take it though! Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 24 Share Posted February 24 2 minutes ago, beef said: I've been a huge energy bull for months now, but this is almost getting ridiculous. I'll take it though! 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. Quote Link to post Share on other sites
NajehHejan 424 Posted February 24 Share Posted February 24 47 minutes ago, JAA said: I took a hit the second I bought CCTL. Looks to be moving today. Anyone have any new info or are we simply correcting? Crazy to say for a penny crypto, but I think this one is a hold for at least 2-3 months. it's just getting noticed. Should take off eventually, no reason to think it's a 100% scam (maybe it's a 65% scam lol) 1 Quote Link to post Share on other sites
McBokonon 3,660 Posted February 24 Share Posted February 24 I’m SPAC’d out but SRNGU just opened - new one from the DKNG and SKLZ team Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 1 minute ago, NajehHejan said: 50 minutes ago, JAA said: I took a hit the second I bought CCTL. Looks to be moving today. Anyone have any new info or are we simply correcting? Crazy to say for a penny crypto, but I think this one is a hold for at least 2-3 months. it's just getting noticed. Should take off eventually, no reason to think it's a 100% scam (maybe it's a 65% scam lol) The only thing I bring to penny stock trading is patience. I suck at everything else! Quote Link to post Share on other sites
JAA 2,798 Posted February 24 Share Posted February 24 4 minutes ago, McBokonon said: I’m SPAC’d out but SRNGU just opened - new one from the DKNG and SKLZ team What do you think is a good exit for it? Looks like CB is currently under 11. Quote Link to post Share on other sites
ChiefD 19,673 Posted February 24 Share Posted February 24 33 minutes ago, Ridgeback said: IPOE is turning into IPOO. Is the collective still holding here? I'm wondering how many SPAC's are down in sympathy with CCIV recent activity. I'm still holding it. Would like to see a little upward momentum just to make me feel better about myself. 2 Quote Link to post Share on other sites
beef 2,985 Posted February 24 Share Posted February 24 Just now, ChiefD said: I'm still holding it. Would like to see a little upward momentum just to make me feel better about myself. $IPOE I am too. Stashed away in the IRA that I don't look at much. 2 Quote Link to post Share on other sites
TripItUp 4,153 Posted February 24 Share Posted February 24 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 🚀 🚀 Quote Link to post Share on other sites
TripItUp 4,153 Posted February 24 Share Posted February 24 2 minutes ago, beef said: $IPOE I am too. Stashed away in the IRA that I don't look at much. 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. 3 Quote Link to post Share on other sites
TripItUp 4,153 Posted February 24 Share Posted February 24 2 hours ago, beef said: I started a TQQQ position yesterday and added more this morning. I would be careful here...interest rates could torpedo TQQQ. Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 24 Share Posted February 24 5 hours ago, Bossman said: How about this for a GME business model ... A streaming game service with all your favorite games ... but also EXCLUSIVE games that you can only play with a subscription to their service. Could you imagine if GME held the rights to the next Call of Duty or Fortnight? How many subscriptions would they have then? No need to own the games or have enough storage to hold the games ... just like we no longer own movies. Gamestop would be the Netflix of the gaming world With what money? Quote Link to post Share on other sites
2Squirrels1Nut 2,497 Posted February 24 Share Posted February 24 13 minutes ago, TripItUp said: I would be careful here...interest rates could torpedo TQQQ. Powell said something to the effect earlier today that rates won't be raised any time soon. Everything took off after that. FWIW Quote Link to post Share on other sites
TripItUp 4,153 Posted February 24 Share Posted February 24 1 minute ago, 2Squirrels1Nut said: Powell said something to the effect earlier today that rates won't be raised any time soon. Everything took off after that. FWIW helps to have Fed on your side. 1 1 Quote Link to post Share on other sites
McBokonon 3,660 Posted February 24 Share Posted February 24 37 minutes ago, JAA said: What do you think is a good exit for it? Looks like CB is currently under 11. I don't know what CB is. As far as an exit, no idea. It's literally been trading for like an hour. 1 Quote Link to post Share on other sites
NajehHejan 424 Posted February 24 Share Posted February 24 30 minutes ago, TripItUp said: 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 🚀 🚀 How do you know this? Should I be bailing out of these ARK funds and waiting until things cool back down? 1 Quote Link to post Share on other sites
SFBayDuck 7,346 Posted February 24 Share Posted February 24 2 hours ago, jamny said: OKE survived a big earnings miss and is heading towards June highs. Good LT pipeline play, imo. One of my favorite stocks in the portfolio. Up 75% on it and just compounding away with that juicy 8.2% yield. Pretty sure this one was a @Todem pick from last year. 1 1 Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 2 hours ago, jamny said: OKE survived a big earnings miss and is heading towards June highs. Good LT pipeline play, imo. 8.2% dividend rate? Whoa. I'm listening.... 1 Quote Link to post Share on other sites
kevzilla 7,975 Posted February 24 Share Posted February 24 Just now, General Malaise said: 8.2% dividend rate? Whoa. I'm listening.... MLP, right? Quote Link to post Share on other sites
jamny 6,594 Posted February 24 Share Posted February 24 6 minutes ago, SFBayDuck said: One of my favorite stocks in the portfolio. Up 75% on it and just compounding away with that juicy 8.2% yield. Pretty sure this one was a @Todem pick from last year. I only picked it up on 2/16 for a short swing hoping to sell before yesterdays earnings. Took a dip but recovered nicely. Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 Just now, General Malaise said: 8.2% dividend rate? Whoa. I'm listening.... And I'm in. Thanks for this one, Jamny. 1 Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 4 minutes ago, kevzilla said: MLP, right? I think it's smokeless cigarettes or something but hell if I care, I'm looking for income. Quote Link to post Share on other sites
Charlie Harper 1,215 Posted February 24 Share Posted February 24 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. 1 Quote Link to post Share on other sites
kevzilla 7,975 Posted February 24 Share Posted February 24 3 minutes ago, General Malaise said: I think it's smokeless cigarettes or something but hell if I care, I'm looking for income. Just highlighting the potential issues if owned in a non-taxable account. It's one of the better-run ones. Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 14 minutes ago, kevzilla said: Just highlighting the potential issues if owned in a non-taxable account. It's one of the better-run ones. Explain this to me like I'm Michael Scott from the Office. 2 Quote Link to post Share on other sites
The General 24,987 Posted February 24 Share Posted February 24 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. Quote Link to post Share on other sites
kevzilla 7,975 Posted February 24 Share Posted February 24 5 minutes ago, General Malaise said: Explain this to me like I'm Michael Scott from the Office. 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. 1 Quote Link to post Share on other sites
SFBayDuck 7,346 Posted February 24 Share Posted February 24 5 minutes ago, kevzilla said: 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. 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. Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 8 minutes ago, kevzilla said: 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. oh no 1 Quote Link to post Share on other sites
2Squirrels1Nut 2,497 Posted February 24 Share Posted February 24 20 minutes ago, General Malaise said: Explain this to me like I'm Michael Scott from the Office. Let's say your mommy and daddy give you some money for a lemonade stand... 4 Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 6 minutes ago, SFBayDuck said: 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. 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. 2 Quote Link to post Share on other sites
Nigel 3,599 Posted February 24 Share Posted February 24 2 minutes ago, The General said: 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 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. 2 Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 6 minutes ago, 2Squirrels1Nut said: Let's say your mommy and daddy give you some money for a lemonade stand... Quote Link to post Share on other sites
General Malaise 27,539 Posted February 24 Share Posted February 24 Playgon playing.... Quote Link to post Share on other sites
The General 24,987 Posted February 24 Share Posted February 24 9 minutes ago, Nigel said: 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. That’s right it was bugs who was on this. @stbugsthoughts at this price of CCIV? Quote Link to post Share on other sites
JoeSteeler 3,504 Posted February 24 Share Posted February 24 15 minutes ago, 2Squirrels1Nut said: Let's say your mommy and daddy give you some money for a lemonade stand... lol great 1 Quote Link to post Share on other sites
ericttspikes 2,748 Posted February 24 Share Posted February 24 32 minutes ago, The General said: 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 only had 400 @ 13 and sold 100 at $60 and free rolling the rest. Will probably buy more at some point. I love Lucid. 2 Quote Link to post Share on other sites
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