Stock Thread

[McBokonon 4,239]

It hasn’t been the worst idea to buy whatever Carson Block/Muddy Waters shorts after the post-short report pullback. Right now it’s XL Fleet and that tool is on CNBC right now, could be worth a swing.

[JAA 2,913]

1 minute ago, stbugs said:

I agree with you. Just look at all the discussion in here. Not that long ago it was mainly about good companies that people felt would increase because they were doing well. We’ve got two separate threads on penny stocks and CYDY. This thread is 90% GME. If that doesn’t worry you, nothing will.

The whole theory on GME/others and fighting hedge shorts seems to not jive as well with the overall short interest at all time lows. Seems that the margin interest may be more of the driver and that’s scary because any large dips get exacerbated. The market came roaring back because of stimulus and the hope that that just means more money coming into the market.

I also agree on tech and the secular trend. If people think that these companies aren’t going to be driving growth and big banks and oil will now be driving don’t get it. Sure things rotate because there’s always a herd but those are short term trends. As a long term investor and someone who was alive and working in software back during the dot com bubble, I can tell you that while I know there will be scores of EV and Genetics companies that die on the vine, they are a big part of the future and the dot com era was a time when valuations had nothing to do with reality. There are a lot of non-profitable or just becoming profitable tech companies, but back then there were way more non-revenue companies. It was early, early in the cycle. Tesla didn’t exist. Google wasn’t close to being a public company. The iPhone didn’t exist, heck the iPod didn’t exist until the market had already started its correction. Netflix was a mailing company and I can’t remember if they existed. Amazon was only a couple years public and didn’t have AWS or anywhere near the breadth of reach/sales. Anyone trying to tie the dot com bubble to the tech market today is way off base, they are not even remotely the same.

Anyway, just my thoughts on the long term market and short term, I have no clue.

I hear you, but I dont understand the problem.  Once we allowed the option market to exist, capitalism happens.  Hedgies use it to win, now crowd-sources are using it to win.

Frankly, lets just get rid of the option market.  in addition, get rid of digital trading.  Then we will have a market which serves the public good, not big business.  While we are at it, bring back the gold standard . Im serious.

[stbugs 3,663]

37 minutes ago, JAA said:

There is tremendous about of money and support in the market these days.  Its a huge business.  I believe this model lends itself to a lot of nobodies with a few bucks (like myself) buying 1m shares of triple-0 stocks hoping for tendies for all.

The honest problem with that is that most penny stocks go out of business. Right now, if a tweet goes out it can quadruple a stock of a horrible company. Right now, may still be good bets, but long term that money will go down the drain, just depends on when you sell. Honestly, that applies to a bunch of companies that aren’t pennies. Look at WKHS. Got trashed a bit but it’s still a $2B company based on $1.39M in total 2020 revenue. It’s very possible that they never do anything considering the already crowded EV truck sector. That’s $2B that could very easily go poof in a few years, assuming they raised capital enough for a bit.

[Navin Johnson 666]

3 minutes ago, JAA said:

I hear you, but I dont understand the problem.  Once we allowed the option market to exist, capitalism happens.  Hedgies use it to win, now crowd-sources are using it to win.

Frankly, lets just get rid of the option market.  in addition, get rid of digital trading.  Then we will have a market which serves the public good, not big business.  While we are at it, bring back the gold standard . Im serious.

Nothing wrong with derivatives as long as we hold institutional investors to the same standards we hold retail investors. 

[Bob Sacamano 10,351]

2 hours ago, Wild Young Billy said:

I think that Square becoming a bank is a huge deal. Square serves the underserved SMB and will certainly make some headway by providing financial services to them. SMB are overlooked by the big banks and the small community banks often can't provide the services they need. 

I also think that the whole Banking as a Service (BaaS)  trend has an interesting future. 

BaaSNBruu agrees.

I hope this works out well for them. I always worry about non-banks opening banks. They rarely realize how much regulators will want to tear into and sometimes change the way they have to manage their existing businesses. 

[JAA 2,913]

My plan for GME / BB is to trickle in some GME throughout the day.  As BB continues to the moon, I will sell off some to cover the cost of GME and minus any GME intra-day tendies.  If GME slows, I will stop the buy.  If BB slows I will stop the sell.

[JAA 2,913]

First trickle of GME at $265

[stbugs 3,663]

2 minutes ago, JAA said:

I hear you, but I dont understand the problem.  Once we allowed the option market to exist, capitalism happens.  Hedgies use it to win, now crowd-sources are using it to win.

Frankly, lets just get rid of the option market.  in addition, get rid of digital trading.  Then we will have a market which serves the public good, not big business.  While we are at it, bring back the gold standard . Im serious.

It’s not a problem, just saying that there’s a good chance for a another whack. The whole hedgies short thing seems to be more of a myth for the broader market since short interest is at all time lows. It’s a great story to tell to rally troops but it’s not real. What’s more real is margin usage driving things up and that’s pretty dangerous.

Don’t get me wrong, I don’t care what people do, but there won’t ever be “free” money on bad stocks so just be careful that you aren’t a bag holder because the money you make or lose will come from someone like you.

[rick6668 1,265]

So when can we buy RBLX?

[JAA 2,913]

1 minute ago, stbugs said:

43 minutes ago, JAA said:

I hear you, but I dont understand the problem.  Once we allowed the option market to exist, capitalism happens.  Hedgies use it to win, now crowd-sources are using it to win.

Frankly, lets just get rid of the option market.  in addition, get rid of digital trading.  Then we will have a market which serves the public good, not big business.  While we are at it, bring back the gold standard . Im serious.

It’s not a problem, just saying that there’s a good chance for a another whack. The whole hedgies short thing seems to be more of a myth for the broader market since short interest is at all time lows. It’s a great story to tell to rally troops but it’s not real. What’s more real is margin usage driving things up and that’s pretty dangerous.

Don’t get me wrong, I don’t care what people do, but there won’t ever be “free” money on bad stocks so just be careful that you aren’t a bag holder because the money you make or lose will come from someone like you.

Last I saw SI for GME was in the double digits.

There has always been bag holders, there always will be bag holders.

[JAA 2,913]

Just now, rick6668 said:

So when can we buy RBLX?

My order hasnt exercised.  Ameritrade showing a $45 entry price, though cant buy.

[McBokonon 4,239]

Just now, rick6668 said:

So when can we buy RBLX?

My guess is it will be several hours. There’s no set time for these things.

[McBokonon 4,239]

1 minute ago, JAA said:

My order hasnt exercised.  Ameritrade showing a $45 entry price, though cant buy.

This is what they priced at. It’ll take several hours while everything gets allocated before it opens for trading. At that point, retail investors can pay $140 a share or whatever it actually opens at.

[ChiefD 20,241]

43 minutes ago, stbugs said:

The honest problem with that is that most penny stocks go out of business. Right now, if a tweet goes out it can quadruple a stock of a horrible company. Right now, may still be good bets, but long term that money will go down the drain, just depends on when you sell. Honestly, that applies to a bunch of companies that aren’t pennies. Look at WKHS. Got trashed a bit but it’s still a $2B company based on $1.39M in total 2020 revenue. It’s very possible that they never do anything considering the already crowded EV truck sector. That’s $2B that could very easily go poof in a few years, assuming they raised capital enough for a bit.

Oh, for sure.

To me, as a novice in this stock world, I've learned A TON since really getting into this last June or so. In that time my brokerage account has doubled based on advice I've received here.

I've made some mistakes, but I've also used a few penny stocks to fund safer plays. Get in - get out - move on.

I'll never forget my high school accounting teacher pounding this into our heads: diversify, diversify, diversify.

And for new investors coming into this market and learning? Well, good for them. They are trying, which at young ages is a great thing. I only wish I had the information at my finger tips when I was fresh out of high school. 

People are going to learn some lessons. But a lot of people are learning how to create wealth. I see that as nothing but a good thing.

[Keerock 5,142]

OHi2U PLTR

[McBokonon 4,239]

 

2 minutes ago, McBokonon said:

This is what they priced at. It’ll take several hours while everything gets allocated before it opens for trading. At that point, retail investors can pay $140 a share or whatever it actually opens at.

I forgot it was a direct listing. Hopefully it’s like PLTR and actually opens near the named price. Tons of hype, though.

[hooter311 2,956]

7 minutes ago, JAA said:

My order hasnt exercised.  Ameritrade showing a $45 entry price, though cant buy.

New stocks usually start trading at 11am

[JAA 2,913]

Basically doubled my position in GME in the first 20 minutes of the day.  Entries at 265 and 290.6632.  Now I need to pay attention.

[identikit 2,042]

$DKNG with another nice day.

Up 7+%

 

[McBokonon 4,239]

On 3/8/2021 at 12:19 PM, McBokonon said:

Added to SKLZ, really terrible short report from Wolfpack brought it down today. They even insinuated the deal with the NFL isn't true even though the NFL themselves sent out PR on it.

About 13% or so gain since this post. SKLZ does report after market close for the first time today. 

[ChiefD 20,241]

10 minutes ago, Keerock said:

OHi2U PLTR

Yeah, nice to see.

Saw this article a little bit ago.

[McBokonon 4,239]

7 minutes ago, hooter311 said:

New stocks usually start trading at 11am

*NYSE Spokesperson says Roblox shares won’t open “anytime soon.” Says if it opens before 11am EST he would be surprised.

[jamny 6,686]

Nice breakout on TAST

[kevzilla 8,321]

1 hour ago, [icon] said:

If HY bonds are mispriced, then all risk assets are mispriced, including equities.

I'm not 100% sure about this particular linkage, but I agree with the overall thesis. I mean, I'm mostly cash still.

[2Squirrels1Nut 2,653]

Back in GME.  Quitting the mafia is easier than this stock. 

[stbugs 3,663]

19 minutes ago, ChiefD said:

Oh, for sure.

To me, as a novice in this stock world, I've learned A TON since really getting into this last June or so. In that time my brokerage account has doubled based on advice I've received here.

I've made some mistakes, but I've also used a few penny stocks to fund safer plays. Get in - get out - move on.

I'll never forget my high school accounting teacher pounding this into our heads: diversify, diversify, diversify.

And for new investors coming into this market and learning? Well, good for them. They are trying, which at young ages is a great thing. I only wish I had the information at my finger tips when I was fresh out of high school. 

People are going to learn some lessons. But a lot of people are learning how to create wealth. I see that as nothing but a good thing.

Very true, my only worry and I guess it’s less of a worry and more of a could a mass exit hurt my stocks, is that people getting in aren’t diversifying or knowledgeable, they’re just trying to win a game. Some will and the majority won’t. The folks in here are way more educated and likely won’t take a YouTube video or a tweet as gold.

Oh well, I’m sticking to my long term plan and having fun. Last two days has been fun. Only regret might be ignoring my impulse buys on Monday afternoon, if this is the bottom. Plus side is that I have way more invested than what I would have bought so if that was a bottom then it’s still good.

[2Squirrels1Nut 2,653]

If for some reason you wanted to quit the mafia that doesn't even exist. 

[JAA 2,913]

2 minutes ago, 2Squirrels1Nut said:

Back in GME.  Quitting the mafia is easier than this stock. 

Seeing some resistance at 290.  IMO as long as we finish above 265 today its a great sign.  Every day cant be 20%

[Charlie Harper 1,256]

1 hour ago, JAA said:

BB is 4% pre-market.  Im really on the fence of losing like 17% overall on my original long term BB (like 2-3 year hold) to gamble on GME for a quick buck.  The theory though would be to cash the GME tendies at >500 and then buy the dip of BB when it goes back down to $8.

I'm with you. I decided against. I think after GME, WSB money gets parked in BB. Gonna DCA down. Wish I would have thought of this at $100 levels.

[stbugs 3,663]

16 minutes ago, McBokonon said:

About 13% or so gain since this post. SKLZ does report after market close for the first time today. 

I got a nice haircut on that since I bought some in January and a little more on the way down. I might add a little more but I think I’ll watch the earnings first. The NFL partnership won’t have any material affect so might not pop. If it does, already own some and feel better about adding. 

[JAA 2,913]

1 minute ago, Charlie Harper said:

1 hour ago, JAA said:

BB is 4% pre-market.  Im really on the fence of losing like 17% overall on my original long term BB (like 2-3 year hold) to gamble on GME for a quick buck.  The theory though would be to cash the GME tendies at >500 and then buy the dip of BB when it goes back down to $8.

I'm with you. I decided against. I think after GME, WSB money gets parked in BB. Gonna DCA down. Wish I would have thought of this at $100 levels.

This was my original thinking and I doubled my position in BB a few months back.  However, it doesnt look like BB has the brand recognition that GME has.  I mean these meme people are going to GME stores and buying #### up, taking videos, etc.  Im not sure BB will ever be able to deliver that.

BB is only up like 2% ATM.  With the resistance of GME at 290 (did it just break through?) im thinking to keep BB long and not add anymore GME.  #### - I think I increased my cost basis like 20% today.

[JAA 2,913]

This might be the last chance to get into DKNG prior to March Madness

[McBokonon 4,239]

5 minutes ago, stbugs said:

I got a nice haircut on that since I bought some in January and a little more on the way down. I might add a little more but I think I’ll watch the earnings first. The NFL partnership won’t have any material affect so might not pop. If it does, already own some and feel better about adding. 

Yeah, I sold what I added Monday because I want to see how they do.

[JAA 2,913]

AYRWF at a huge discount today.  I have a $31.50 trigger setup to buy more.  May hit anytime here.

[Angry Beavers 2,148]

9 minutes ago, JAA said:

 Every day cant be 20%

STONKS! Why not? Ill tell you why... cause most days are better!!!!

[JAA 2,913]

TRUFF you dog you, I dont care about your 8%, you are still in the dog shed.  Get, geit!!

[Sand 6,418]

10 hours ago, Swaymoney said:

Anyone know a good site that can give you good stock price amounts on when to sell?

So this is an interesting question.  There was a study done (don't ask for link - no idea where it is) that showed mutual fund managers outperformed the market in buying good stocks, but underperformed the market in selling.  So even the pros suck at this part of investing.  This makes it a very hard question to answer.

The best answer is probably "when your investment thesis breaks down".  In my case the answer is "almost never".  I tend to hold things for a long time and only sell when the stock shows stagnation over a period of years.  I just cut loose YUM because it really wasn't moving much over a fairly long period.

[Capella 32,491]

The only time I sell is when I buy a stock for a short period. I set a number in my mind I want it to hit and when it does I’m gone. 
 

Some like amazon are obviously long-term holds. 

[JAA 2,913]

1 minute ago, Sand said:

10 hours ago, Swaymoney said:

Anyone know a good site that can give you good stock price amounts on when to sell?

So this is an interesting question.  There was a study done (don't ask for link - no idea where it is) that showed mutual fund managers outperformed the market in buying good stocks, but underperformed the market in selling.  So even the pros suck at this part of investing.  This makes it a very hard question to answer.

The best answer is probably "when your investment thesis breaks down".  In my case the answer is "almost never".  I tend to hold things for a long time and only sell when the stock shows stagnation over a period of years.  I just cut loose YUM because it really wasn't moving much over a fairly long period.

I didnt respond to the question cause I thought it was kinda weird.

You sell when you dont like the stock.  Seriously, no schtick.

I bought GE like 10 years ago and Im currently underwater.  I havnt sold the stock because I like the company GE.  I bought TSLA and sold it after Elon called the kid-saving diver a pedio.  I didnt like Elon at that point and it ended up costing me like $20k last I checked.  I buy pennies with the expectation I will lose the entire investment.  I forget about the money, its like a 5-game parley.  They RARELY pay out.  If any of those pennies pay out it will be some real FU money.  IMHO this is the best way to diversify.  Dont simply buy blue chips or you will be at the mercy of the hedgies.  Spread it around.

[Buckna 1,610]

1 minute ago, JAA said:

I didnt respond to the question cause I thought it was kinda weird.

You sell when you dont like the stock.  Seriously, no schtick.

I bought GE like 10 years ago and Im currently underwater.  I havnt sold the stock because I like the company GE.  I bought TSLA and sold it after Elon called the kid-saving diver a pedio.  I didnt like Elon at that point and it ended up costing me like $20k last I checked.  I buy pennies with the expectation I will lose the entire investment.  I forget about the money, its like a 5-game parley.  They RARELY pay out.  If any of those pennies pay out it will be some real FU money.  IMHO this is the best way to diversify.  Dont simply buy blue chips or you will be at the mercy of the hedgies.  Spread it around.

Are these Wheat Pennies you are referring to?

[Todem 5,426]

20 hours ago, SFBayDuck said:

@Todem any other REITs you are high on long term?  I'd like to get out of the Schwab REIT ETF (SCHH) I own in my IRA and put that into 3-5 individual REITs.  I have AMT (just added more) and WPC right now.

O and WRE are excellent.

[Todem 5,426]

18 hours ago, cosjobs said:

Long Term? 2y. 5y. 10y?

5 year minimum.

[JAA 2,913]

1 minute ago, Buckna said:

3 minutes ago, JAA said:

I didnt respond to the question cause I thought it was kinda weird.

You sell when you dont like the stock.  Seriously, no schtick.

I bought GE like 10 years ago and Im currently underwater.  I havnt sold the stock because I like the company GE.  I bought TSLA and sold it after Elon called the kid-saving diver a pedio.  I didnt like Elon at that point and it ended up costing me like $20k last I checked.  I buy pennies with the expectation I will lose the entire investment.  I forget about the money, its like a 5-game parley.  They RARELY pay out.  If any of those pennies pay out it will be some real FU money.  IMHO this is the best way to diversify.  Dont simply buy blue chips or you will be at the mercy of the hedgies.  Spread it around.

Expand  

Are these Wheat Pennies you are referring to?

Shoot - I have 3 sacks of those hidden in the floorboards covered with a pullman blanket

[Sand 6,418]

4 minutes ago, Todem said:

O and WRE are excellent.

I like and hold DLR.  I also hold NLY, but like them better at 6.X instead of the 8.X they're at now.

Edited March 10 by Sand

[Desert_Power 1,451]

28 minutes ago, JAA said:

This was my original thinking and I doubled my position in BB a few months back.  However, it doesnt look like BB has the brand recognition that GME has.  I mean these meme people are going to GME stores and buying #### up, taking videos, etc.  Im not sure BB will ever be able to deliver that.

BB is only up like 2% ATM.  With the resistance of GME at 290 (did it just break through?) im thinking to keep BB long and not add anymore GME.  #### - I think I increased my cost basis like 20% today.

I hope this is a small investment for you. GME is not worth $20B 

[Capella 32,491]

1 minute ago, Desert_Power said:

I hope this is a small investment for you. GME is not worth $20B 

Who cares what it’s really worth. It’s obviously being driven by other factors that need to be considered. 

[JB Breakfast Club 1,480]

1 minute ago, Desert_Power said:

I hope this is a small investment for you. GME is not worth $20B 

GME is not a normal stock 

[JAA 2,913]

Just now, Desert_Power said:

30 minutes ago, JAA said:

This was my original thinking and I doubled my position in BB a few months back.  However, it doesnt look like BB has the brand recognition that GME has.  I mean these meme people are going to GME stores and buying #### up, taking videos, etc.  Im not sure BB will ever be able to deliver that.

BB is only up like 2% ATM.  With the resistance of GME at 290 (did it just break through?) im thinking to keep BB long and not add anymore GME.  #### - I think I increased my cost basis like 20% today.

I hope this is a small investment for you. GME is not worth $20B 

Currently valued 10% of my Ameritrade account

The shorts and retail disagree with your marketcap statement.  I mean, what does "worth" mean?

[ConstruxBoy 1,397]

1 hour ago, stbugs said:

It’s not a problem, just saying that there’s a good chance for a another whack. The whole hedgies short thing seems to be more of a myth for the broader market since short interest is at all time lows. It’s a great story to tell to rally troops but it’s not real. What’s more real is margin usage driving things up and that’s pretty dangerous.

Don’t get me wrong, I don’t care what people do, but there won’t ever be “free” money on bad stocks so just be careful that you aren’t a bag holder because the money you make or lose will come from someone like you.

Well, you'll care when people who had plenty of money to live and retire lose their life savings and go on welfare and your taxes are raised to pay for them. So it certainly serves the public interest to not allow people to go broke trading options and derivatives that they don't understand.  

[[icon] 10,240]

6 minutes ago, Desert_Power said:

I hope this is a small investment for you. GME is not worth $20B 

A bottle of water isn't "worth" $100... unless you're lost in a desert.