Stock Thread

[The Ref 4,390]

1 hour ago, identikit said:

Bitcoin.....wait

If you ever felt like “it was too late” to get in now is your chance.

It bounced and held 55 and the RSI is at a 6 month low.  It’s not imposable this thing crashes to $1, that risk will never will be completely zero.    But if you wanted to get in the space because you think I there is something to this going to the moon long term this is about as good an entry as you can ever ask for.

I bought more this AM but this time I added some ETH with the buy.

[JB Breakfast Club 1,390]

16 hours ago, JB Breakfast Club said:

Bought $100 worth of Etherium via PayPal this morning, and I'm already addicted. What % of your portfolio do you invest in crypto? 

Did I break crypto? Sorry, everyone. 

[Bossman 1,922]

16 hours ago, JB Breakfast Club said:

Bought $100 worth of Etherium via PayPal this morning, and I'm already addicted. What % of your portfolio do you invest in crypto? 

 

25 minutes ago, JB Breakfast Club said:

Did I break crypto? Sorry, everyone. 

You big jerk!

[SFBayDuck 7,428]

Talk to me about the risks of Blockfi’s 8% interest on stable coins you hold there. These are supposed to be backed 1:1 with USD, but they can’t be paying that much interest unless there’s some risk involved, right?

[FreeBaGeL 9,549]

3 minutes ago, SFBayDuck said:

Talk to me about the risks of Blockfi’s 8% interest on stable coins you hold there. These are supposed to be backed 1:1 with USD, but they can’t be paying that much interest unless there’s some risk involved, right?

I'm no expert but they're giving out loans to crypto yolo'ers who love to get leverage on a volatile currency, so I guess the risk is that the whole thing blows up in their face.  They are not FDIC insured so if they do blow up that could mean your cash is gone as well.

Edited April 18 by FreeBaGeL

[Desert_Power 1,245]

3 minutes ago, SFBayDuck said:

Talk to me about the risks of Blockfi’s 8% interest on stable coins you hold there. These are supposed to be backed 1:1 with USD, but they can’t be paying that much interest unless there’s some risk involved, right?

The keyword here...

[SFBayDuck 7,428]

40 minutes ago, Desert_Power said:

The keyword here...

So are they not? I listened to the Blockfi CEO on the Animal Spirits podcast this week, and I thought he indicated that for the US based stable coins anyway, this was the case and was third-party verified. 
 

I did read about one of the Chinese-based stable coins only being an estimated 70% backed, so I guess that is the risk for all of these. 

[Desert_Power 1,245]

1 hour ago, SFBayDuck said:

So are they not? I listened to the Blockfi CEO on the Animal Spirits podcast this week, and I thought he indicated that for the US based stable coins anyway, this was the case and was third-party verified. 
 

I did read about one of the Chinese-based stable coins only being an estimated 70% backed, so I guess that is the risk for all of these. 

Here is an example of Gemini's verification. That is one of the two stablecoins that BlockFi's website mentions. It's better than nothing (and much better than Tether), but I don't think it's very strong.

Overall, the idea that you can earn 8% on a deposit certainly sends alarms. My feeling is that there is a great deal of leverage in this space that is poorly understood due to lack of regulations/disclosures. Unregulated lending always seems like a great idea until it crashes.

Edited April 18 by Desert_Power

[cubd8 305]

22 hours ago, Capella said:

5% for me. 

It's about 9% of my portfolio (individual stock purchases + coins).

I was late to the game, but I've been buying aggressively though.

I currently own about 1.12 of Ether and about 17% of 1 bitcoin.

[ex-ghost 753]

On 4/17/2021 at 3:33 PM, JB Breakfast Club said:

Bought $100 worth of Etherium via PayPal this morning, and I'm already addicted. What % of your portfolio do you invest in crypto? 

I’m at 5%. 

[NajehHejan 431]

On 4/16/2021 at 11:13 AM, NajehHejan said:

Just bought my first ever actual crypto. Used Binance US. Bought 5,000 of VET.X @ .1782. It is a supply chain crypto. The below article really peaked my interest.

https://seekingalpha.com/article/4415383-vechain-is-blockchain-investment-for-next-decade

Bought 5,000 more yesterday at .2178. Now up to .around 2525. Loving this so far.

[Caveman33 15]

There are 119 publicly traded companies with market caps between $1-$10,000 and I want to buy one of them.  Does anyone have any insight into the process?  Thoughts on how much it would cost, in addition to the purchase price, in order to put everything in my name?

[BassNBrew 11,893]

49 minutes ago, Caveman33 said:

There are 119 publicly traded companies with market caps between $1-$10,000 and I want to buy one of them.  Does anyone have any insight into the process?  Thoughts on how much it would cost, in addition to the purchase price, in order to put everything in my name?

Depends on if you can convince Dodds to sell his shares.

[beef 3,088]

50 minutes ago, Caveman33 said:

There are 119 publicly traded companies with market caps between $1-$10,000 and I want to buy one of them.  Does anyone have any insight into the process?  Thoughts on how much it would cost, in addition to the purchase price, in order to put everything in my name?

Hostile takeover, buy up 51% of the stock on the open market?  Can you tell us which one so we can all get in before you start buying?  

[Guinis72 151]

Cramer

Sounds like Cramer gave a little plug to QS, DKNG, and PLTR (and 7 others) which he thinks are good "buy the dip candidates". I'm hoping it will give a little boost to those 3 this morning!  

[Nugget 1,678]

1 hour ago, Caveman33 said:

There are 119 publicly traded companies with market caps between $1-$10,000 and I want to buy one of them.  Does anyone have any insight into the process?  Thoughts on how much it would cost, in addition to the purchase price, in order to put everything in my name?

Did you spend some time in the political forum recently?  Welcome.

[identikit 1,668]

Gamma squeeze initiated....

 

Or not.

[Johnnie Nepal 22]

26 minutes ago, identikit said:

Gamma squeeze initiated....

 

Or not.

There will need to be a catalyst to get GME ascending higher. I don't think this mornings Gamestop announcements (CEO succession plan & Form 8-K), Gensler being sworn in on Saturday or DFV's purchases on Friday are that catalyst. 

[BroadwayG 989]

Just now, Johnnie Nepal said:

There will need to be a catalyst to get GME ascending higher. I don't think this mornings Gamestop announcements (CEO succession plan & Form 8-K), Gensler being sworn in on Saturday or DFV's purchases on Friday are that catalyst. 

Tomorrow is 4/20 🍃

[identikit 1,668]

6 minutes ago, Johnnie Nepal said:

There will need to be a catalyst to get GME ascending higher. I don't think this mornings Gamestop announcements (CEO succession plan & Form 8-K), Gensler being sworn in on Saturday or DFV's purchases on Friday are that catalyst. 

Gotcha.

I was just kidding around.

[CGRdrJoe 4,127]

EBS  

[beef 3,088]

35 minutes ago, CGRdrJoe said:

EBS  

I'm down about 11%.  Sadly that's kind of win right now since I have 11 other bigger losers.

They're all smaller positions though.  My big holdings are still doing well for me (BNKU, NRGU, TQQQ, DKNG, IPOE, MOON, LRNZ, FIVG).  

Edited April 19 by beef

[Pipes 2,860]

Holy #### what a brutal day for the FBG "recommended" list.  My fun money account not so fun right now lol.

[steelerfan1 408]

3 minutes ago, Pipes said:

Holy #### what a brutal day for the FBG "recommended" list.  My fun money account not so fun right now lol.

Some say we will be laughing about this in a few years.....That's all I got...

[BassNBrew 11,893]

73 days until 🚀

[McBokonon 3,958]

Just now, BassNBrew said:

73 days until 🚀

What happens then?

[stbugs 3,496]

1 minute ago, steelerfan1 said:

Some say we will be laughing about this in a few years.....That's all I got...

I don’t know what the full recommended list is although I am sure I own some but I do expect to be laughing about it in a few years. There’s a lot of potential that’s been pummeled but will be solid investments. We aren’t on a course for going back to ICE engines, non-clean energy, depositing checks buy walking into banks, using paper to manage books and legal documents, watching TV with cable boxes only and lots of other technology backslides. There are companies I won’t ever like (DoorDash, for example) that are purely based on a pandemic and still not profitable rather than realizing that I get fresher/hotter/better food in person or grabbing my own take out (via my autonomous car), but the future will keep rolling and a lot of the hot stuff will cool way down and solid companies will thrive.

In the same way that it still amazes me what the stock prices were for some companies last March, we may be thinking that in a year or two about stuff bought now. We’ll see.

[stbugs 3,496]

3 minutes ago, McBokonon said:

What happens then?

Assuming a joke.

[stbugs 3,496]

Will be tempted to do some dumpster diving this afternoon. I moved some money around from crappy SPACs to QS on Friday (off by a day), may look if there’s more like that.

[beef 3,088]

Crazy day.  UWMC is actually up.  WTF is that all about?

[Bossman 1,922]

On 4/16/2021 at 3:19 PM, Capella said:

Fauci mentioned the HGEN drug in House testimony yesterday. Lenzilulimab. Bottom of page 7. Seems like a big positive to me. 
 

https://docs.house.gov/meetings/VC/VC00/20210415/111426/HHRG-117-VC00-Wstate-FauciMDA-20210415.pdf

 

On 4/16/2021 at 3:21 PM, identikit said:

Down only 4% today....

 

On 4/16/2021 at 3:29 PM, jamny said:

First time buyer of HGEN

In at 14.93

One of a few stocks that I haven't dumped today. Hindsight, should have let it go.

[BassNBrew 11,893]

Dumpster diving on Tatooed chef.  

[BassNBrew 11,893]

21 minutes ago, McBokonon said:

What happens then?

New leadership.

[Bossman 1,922]

On 4/16/2021 at 3:57 PM, steelerfan1 said:

NNOX, the moon is the other way....

Dumped this one after being down a small fortune.

 

[Desert_Power 1,245]

30 minutes ago, McBokonon said:

34 minutes ago, BassNBrew said:

73 days until 🚀

What happens then?

sextuple witching fortnight 

[Capella 31,966]

Averaging way down on HGEN. I feel like Chet here. 

[McBokonon 3,958]

15 minutes ago, Capella said:

Averaging way down on HGEN. I feel like Chet here. 

I added a little NNOX. Nothing has changed. Every pre-revenue stock and small growth stock is going down for reasons unrelated to the companies themselves. I feel like a lot of people have no idea what they own which breeds panic and impatience.

[stbugs 3,496]

35 minutes ago, BassNBrew said:

Dumpster diving on Tatooed chef.  

Frustrating one here. I had been holding onto it since I’m close to long term gains and I like the company's products. Still up on it since we bought in way back when SPACs weren’t really popular. Don’t plan on dumping it now but it’s just gotten dragged down with the rest.

[dkp993 7,623]

51 minutes ago, Bossman said:

On 4/16/2021 at 12:19 PM, Capella said:

Fauci mentioned the HGEN drug in House testimony yesterday. Lenzilulimab. Bottom of page 7. Seems like a big positive to me. 
 

https://docs.house.gov/meetings/VC/VC00/20210415/111426/HHRG-117-VC00-Wstate-FauciMDA-20210415.pdf

 

On 4/16/2021 at 12:21 PM, identikit said:

Down only 4% today....

 

On 4/16/2021 at 12:29 PM, jamny said:

First time buyer of HGEN

In at 14.93

One of a few stocks that I haven't dumped today. Hindsight, should have let it go.

I’m not sure there’s a stock that makes less sense then HGEN.  It’s literally been nothing but good news yet it’s a boat anchor.  So weird.  

[BassNBrew 11,893]

11 minutes ago, stbugs said:

Frustrating one here. I had been holding onto it since I’m close to long term gains and I like the company's products. Still up on it since we bought in way back when SPACs weren’t really popular. Don’t plan on dumping it now but it’s just gotten dragged down with the rest.

It should come back.  I sold most in the $25-$27 range and since been buying when I notice it under $20 and selling when it's over $20.  They are actually making money, albeit not much.

[steelerfan1 408]

55 minutes ago, Bossman said:

Dumped this one after being down a small fortune.

 

I'm down over 50%, but gonna go down with the ship.

[pecorino 2,220]

1 hour ago, stbugs said:

Will be tempted to do some dumpster diving this afternoon. I moved some money around from crappy SPACs to QS on Friday (off by a day), may look if there’s more like that.

A lot of growth on sale. Been in free-fall practically for a month. I'm holding QS, LAZR, SPCE, JMIA, PLTR. Been accumulating on the way down but I'm about tapped out. I'm not capitulating, but stopped buying. Do us all a solid and buy a few million shares of each of those. TIA.

[Capella 31,966]

22 minutes ago, McBokonon said:

I added a little NNOX. Nothing has changed. Every pre-revenue stock and small growth stock is going down for reasons unrelated to the companies themselves. I feel like a lot of people have no idea what they own which breeds panic and impatience.

I feel like this is where having information and being prepared gets you paid off in the end. We’ll see. 

[IC FBGCav 5,800]

40 minutes ago, Capella said:

Averaging way down on HGEN. I feel like Chet here. 

I dipped my toes into it today for the first time.

[Capella 31,966]

10 minutes ago, dkp993 said:

I’m not sure there’s a stock that makes less sense then HGEN.  It’s literally been nothing but good news yet it’s a boat anchor.  So weird.  

Yea I can’t explain it. Just going to try and take advantage of it and if it doesn’t work out, I still think I made a good bet. 

[steelerfan1 408]

21 minutes ago, McBokonon said:

 Every pre-revenue stock and small growth stock is going down for reasons unrelated to the companies themselves. I feel like a lot of people have no idea what they own which breeds panic and impatience.

This is me. But although I'm a bit nervous for sure, I'm holding everything. I haven't even been doing this a year yet and some of the ones I'm sweating I've only held for a few months. I'm holding all of them.

This has however cemented my feeling that I am a mutual fund guy and won't be acquiring any individual stocks going forward, barring of course an event like last March, but even then I can't see more than 5% of our holdings from here on. I did have some wins as well though thanks to the people here, and who knows, maybe the ones I am down so much on become winners in the long run as well.

 

[dkp993 7,623]

5 minutes ago, Capella said:

Yea I can’t explain it. Just going to try and take advantage of it and if it doesn’t work out, I still think I made a good bet. 

Wish I could average down but can’t right now without selling other which I don’t want to do.  So here I sit and wait.   

[beef 3,088]

So far the only buy limit that hit for me was MP @ $29.   

[Capella 31,966]

22 minutes ago, steelerfan1 said:

This is me. But although I'm a bit nervous for sure, I'm holding everything. I haven't even been doing this a year yet and some of the ones I'm sweating I've only held for a few months. I'm holding all of them.

This has however cemented my feeling that I am a mutual fund guy and won't be acquiring any individual stocks going forward, barring of course an event like last March, but even then I can't see more than 5% of our holdings from here on. I did have some wins as well though thanks to the people here, and who knows, maybe the ones I am down so much on become winners in the long run as well.

 

The hardest part of this is just staying patient and having a belief in what you’re doing. 

[Pipes 2,860]

23 minutes ago, dkp993 said:

Wish I could average down but can’t right now without selling other which I don’t want to do.  So here I sit and wait.   

My problem is I'd like to average down on about 1/4 of my portfolio.  EBS, GAN, HGEN, NNOX and QS are all "good" average down candidates for my.  Just gonna be patient and free up some cash to get some more QS and perhaps HGEN.