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Stock Thread (54 Viewers)
- Thread starter St. Louis Bob
- Start date
I’ll be honest with you. I’m fairly aggressive, albeit spread out so that one stock won’t kill me, but I don’t like penny stocks like this. I’ve taken some fliers if recommended, but I’d call those more small caps than pennies/OTCs where there’s nothing filed our announced for years. CYDY was the riskiest bet I made and that worked out well, but damn the volatility and short attacks sure do take a lot out of you. For example, I bought SKLZ and it’s been awful so far but it’s just a small part of my portfolio and the recent jump by AMZN dwarfs that loss. I’ll give it time to recover but that’s about as risky as I get now. Too much stress.
Dips always happen. It should be expected. It’s not fun to watch but it’s inevitable. Hard to remember long term goals when the news and watching is minute by minute.
beef
Footballguy
My cash percentage keeps going up because my positions keep going down. Definitely feel like I'm doing it wrong today, down 1.5%
Same here, but my DT account is down 5%. I've been trading FLGT calls the past few weeks. It goes to $80 per share and I buy the May 21 calls with $70 strike. It goes to the high 80s and close the trade. Just bought back in. It's a volatile stock with options that are not very expensive, something of a rarity.
Steeler
Footballguy
I don't do options but they interest me - the May 21 calls with $70 strike cost $1500 each (from yahoo finance). When the price approaches $90 what do you get when you close the position? I assume the cost of the May 21 call goes up and you collect the difference between the premium at that time and the $1500?
BassNBrew
Footballguy
beef
Footballguy
The breakeven price of $85 and the strike date of May are almost immaterial as I am looking to trade these. If FLGT goes up 4% on Wednesday, for instance, then the calls that I bought today for $1500 might be worth $1800 so I may just take the 20% gain and run. The idea is to leverage and benefit from a swift move to the upside, not that it needs to hit $85, necessarily. The more out-of-the-money the calls are, the cheaper they are but the less they move unless the share price really skyrockets. Very low probability but a big payoff if it hits. I chose a slightly in-the-money call to make it a higher likelihood that I get out with most of my principal, if not a 20% or more gain. It's completely a function of the speed and magnitude of the swings. Sooner and bigger is better.
ETA: Out on Wednesday at $18.50 per contract on the $4 rise in share price. Rinse / repeat if it drops t $80 again.
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Bossman
Footballguy
I held out as long as my concience would let me. Threw in the towel Monday and sold off a bunch.
I'll probably regret it but I'd rather take my lumps now than continue watching my account bleed 5% a day every day.
What's odd is the Dow is at record highs and my index funds are doing fine. Just makes no sense why these are falling so hard.
Redwes25
Footballguy
I like ITB as more pure play homebuilders then XHBWhich ETF is this, ITB, XHB?
NAIL...
I am not able to purchase individual stocks so for these portion of my investment portfolio I focus on ETFs, etc.
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Nick Vermeil
Footballguy
No GME action at all on 4/20. That is unfortunate.
ericttspikes
Footballguy
If my math is right, Topps just sold $2.6 M in MLB NFTs in under 10 minutes.
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Desert_Power
Footballguy
Ouch
Desert_Power
Footballguy
Capella
Footballguy
https://www.smarteranalyst.com/new-blurbs/analysts-offer-insights-on-healthcare-companies-haemonetics-hae-humanigen-hgen-and-nuvation-bio-nuvb/
Somebody named Kelly Shi with a buy rating and $40 target on Hgen.
Somebody named Kelly Shi with a buy rating and $40 target on Hgen.
Pipes
Footballguy
JB Breakfast Club
Footballguy
https://www.cnbc.com/2021/04/20/congressional-investigation-launched-into-emergent-biosolutions-federal-vaccine-contracts-.html
What the crap have I gotten into with EBS?
What the crap have I gotten into with EBS?
Capella
Footballguy
Feeling ok about it all still?Yep, “guilty” on all counts.
I’ve been buying more all week.
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Chaz McNulty
Footballguy
I have a good chunk (for me) and I'm thinking of buying more also. I just can't understand what is keeping this down. I'm a little nervous that I'm missing something, or someone overstated results or something.Feeling ok about it all still?
I’ve been buying more all week.
Capella
Footballguy
I don’t think there is any bad news we are aware of. If there’s something behind the scenes then oh well I guess. I’m betting that’s not the case though.
BassNBrew
Footballguy
Capella
Footballguy
Rattle and Hum
Footballguy
Not sure if this might interest you: Value Line "Agressive Stock Portfolio" apparently has $LGIH as a buy with a $230 price target. I know nothing about them other than they were mentioned in a random video I watched the other day.BassNBrew said:
I feel as good as I can be after the ride down from $29+. Bankers just sold about $85 million in stock @$18.50 for additional manufacturing. I freed up some $ to buy more but waiting as I’m outrageously over committed on this one.Feeling ok about it all still?
I’ve been buying more all week.
Pre-revenue Biotech has been an absolute dumpster fire for several weeks now, along with other speculative plays. There are narratives which make some think twice on buying in HGEN but I think I have some insight on the sustainability of Covid treatments. In pharma, you really want to be first or best, both is golden - and potentially achievable here. Cutting ties with Kite/Gilead just this week is another sign of confidence in my view.
Hgen isn’t going to over-promote their situation, it’s a bad look in general and particularly one with Pharma-bro history. That said, they have BARDA support, so government already in their corner.
Rodrigo Duterte
Footballguy
EBS is as close as you can get to the political forum at this point. If this stock takes another leg down, and I can see that happening, I’m pretty sure I will jump in for a longer term hold.
The industry does not have excess capacity at all and the quality concerns, which are likely overblown, are going to be addressed.
BassNBrew
Footballguy
BassNBrew
Footballguy
ConstruxBoy
Kate's Daddy
Capella
Footballguy
Yea I’m fairly confident but the ride down does make you question your sanity sometimes. When Fauci mentioned them in his house testimony last week, that’s when I decided to start buying more.
. Love the dips. (not a day trader)
Bossman
Footballguy
kevzilla
Footballguy
Subscriber numbers were soft, which the company explained as the logical result of last year's increases.
ConstruxBoy
Kate's Daddy
Logic?!? In this market?!?!Subscriber numbers were soft, which the company explained as the logical result of last year's increases.
Al Czervik
Not wearing pants
Desert_Power
Footballguy
Netflix needs to turn episodes into NFTs!Subscriber numbers were soft, which the company explained as the logical result of last year's increases.
kevzilla
Footballguy
No, they need to use blockchain to prevent shared sign-ons. They'd be at $2000 by Memorial Day.
Bossman
Footballguy
Soft as in less subscribers than last er?Subscriber numbers were soft, which the company explained as the logical result of last year's increases.
... or compared to the increase in subscribers at last er?
kevzilla
Footballguy
Capella
Footballguy
Hired some *allegedly* respected AstraZeneca guy to be their CMO
https://www.fiercebiotech.com/biotech/covid-19-treatment-developer-humanigen-opens-up-cmo-role-and-drops-astrazeneca-vet
