Nice. Bought it 3 times (up to 450 shares) as it kept going down months ago and watched it hit $28 and go almost back to my cost and back up again. I think it’ll be a successful long term stock but if I can get out of it with a double+ at $30 by June, I’ll probably sell and move the money.
Fantasy Football - Footballguys Forums
Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Stock Thread (20 Viewers)
- Thread starter St. Louis Bob
- Start date
Sand
Footballguy
Nick Vermeil
Footballguy
Did that just come out? Seems like everyone is getting out, slow bleed here to end the day.
steelerfan1
Footballguy
Big League Chew
Footballguy
im gonna sell then rebuy on the dip
I don’t want to say yes, but I tend to take a quick look at a lot of these recommendations and don’t come away feeling great about the companies. Short term money to be made but it does make me worry more about a 2000 repeat. Everything is making money and not just good returns, crazy returns. And half the news I read is for a company getting an extension on a delisting. Since when is that some great stock mover? My worry is that any downturn could be magnified and that people are leveraged into some of these quick money stocks.
March came about because COVID scared people and here we are a year later not really doing better economically and we’ve blown past March like it didn’t happen and it was a trampoline. I’m not saying I didn’t take advantage but if I (and others) were worried back in the Fall, ooh wee it feels like a tight rope. I don’t want to lose those gains but it’s hard to unwind positions you want to keep for 5+ years.
Oh well, been another nice day so the sun is still shining!
FreeBaGeL
Footballguy
We actually used it (as well as instacart for groceries) quite a bit early in the pandemic and got kind of hooked. It is pretty convenient. Although to be fair we ended up ditching doordash for grubhub which we found to be much more reliable (and has 1/10th the market cap for some reason).
Regardless even if we liked using it I agree with the meat of your post. The margins just aren't there. If they couldn't make good money during a pandemic that forced millions of people into using them, when will they? It's an absurd valuation and they have virtually no moat.
McBokonon
Footballguy
I don't own it so not sure, but I have a FinTwit list where I spend most of my Twitter time and saw it mentioned yesterday, I think.
Nick Vermeil
Footballguy
CR69
Footballguy
Yeah this market is absolutely insane. I just know that I'm not great at timing it so I'll continue to add companies I like and dollar cost average with 401k/IRA contributions. This article was interesting though, never considered borrowing against my 401k to buy more stocks. Kinda wish I had done that in March lol.
https://www.investopedia.com/margin-debt-reaches-new-high-5093761
Desert_Power
Footballguy
Today was a very good day.
beef
Footballguy
Banks and Energy just crushed it for me to today, but they're also my largest holdings. Quite a few other winners and then ATCT was the massive cherry on top.
I'm still like 35% cash too.
Desert_Power
Footballguy
Since I picked it in the stock contest, I'm obligated to hold and buy more on dips. It's still a really small cap company ($1.7B market cap) in a large and fast growing medical testing industry. Very volatile though. Trading it could make sense too.
Last edited by a moderator:
McBokonon
Footballguy
Good to see $AAXN join the party today - looks like someone noticed the DEA plans on getting body cams, etc. from them but it doesn't seem like it was "announced."
McBokonon
Footballguy
Just to add - the DEA stated that the reason they are selecting AAXN is for evidence.com, and AAXN equipment is the only equipment that works with it. We call this a moat.
Desert_Power
Footballguy
Those are my biggest holdings too....with several cherries on the top today.
I've opened up a new brokerage account to fund with excess cash but haven't bought anything in it yet. We should be selling our rental soon which will free a lot of cash to buy stonks that internet strangers talk about.
NajehHejan
Footballguy
Al Czervik
Not wearing pants
McBokonon
Footballguy
Hard to single out a few - I have 237 people on the list so far and it's more of a community where they all sort of get along and work together. Some have podcasts, some are pure traders, some are peddling newsletters, etc. but they all offer something.
I exported my list to this google doc.
Maybe you can just copy/paste that into your own list and follow along for awhile. On Fridays a lot of them share other names to follow.
urbanhack
Fight The Power!
Also ACTC
I only had limited liquid cash to buy yesterday so I only was able to get a small position. ####### Fidelity has had my cash from an Ally bank transfer for 6 ####### biz days now and it's still not settled. How is this possible???!!!
urbanhack
Fight The Power!
I didn’t buy as much as I should have in March but stuff like this makes big drops worse.
When a DOCU press release about a new $500M revolving credit facility and selling $500M in notes to payoff existing notes adds $4B to your market cap you get a feeling that people are just buying any press release whether they get it or not. Basically, DOCU is paying off debt with new debt and setting up a debt facility that allows them to get a future loan without having to apply for it. That couldn’t be any more day to day operations and your market cap goes up 9%? Frothy as #### and I’m riding the froth right now but spoons don’t float on the froth too long!
KGB
Footballguy
CR69
Footballguy
Are you selling stuff to build cash or just adding more when you can afford it to prepare for the drop?stbugs said:
I've kept too much cash during all of this because I was expecting another drop. Now even if the S&P drops 20% it'll still cost me more than it would have in June lol.
steelerfan1
Footballguy
I do have a 401k (wife’s old one) rolling over so that will double my cash. I’m at about 5% cash otherwise. It’s 10% in taxable so honestly more than enough to any cash emergency needs for months if not more. That said, it’s hard to add at these prices and I feel like I should trim to be prepared. I really havent done much of either. Probably more little adds even in December. I’ve been pretty decent on cash. Could have been even better off if I shoved in March but bought a decent amount and started all my 5G stuff at the beginning of June which honestly was still a great time to buy.
I know I won’t time it right and maybe it never happens. I wouldn’t even mind some sideways stuff for a while to build up more capital before the next run up. It does feel like we are getting new signs every day now of how crazy prices are now.
BassNBrew
Footballguy
cosjobs
Footballguy
A Handful of Penny Stocks Just Made Up a Fifth of U.S. Volume
Six companies made up almost one-fifth of trading Monday
Most share volume is off-exchange for the first time ever
While it’s not unheard of to see a microcap like pet-medicine maker Zomedica Corp. top the most-active list with a billion shares traded, as it did Monday, it is notable when it and five other companies selling for less than $1 make up almost a fifth of overall volume. That also occurred yesterday,
Might be paywalled
Six companies made up almost one-fifth of trading Monday
Most share volume is off-exchange for the first time ever
While it’s not unheard of to see a microcap like pet-medicine maker Zomedica Corp. top the most-active list with a billion shares traded, as it did Monday, it is notable when it and five other companies selling for less than $1 make up almost a fifth of overall volume. That also occurred yesterday,
Might be paywalled
cosjobs
Footballguy
Nick Vermeil
Footballguy
My spidysense is telling me to grab some ZOM gains tomorrow and wait to rebuy. I trust the FBG recommendation long term but there may be too much attention on it right now.
Last edited by a moderator:
The Man With No Name
Footballguy
BLDP up 8.27% after hours
KGB
Footballguy
Big League Chew
Footballguy
I’ve read it here how it can skip over you’re request if there’s a ton of volume at market open
Ridgeback
Footballguy
Yeah, I figured it was something like that. I should have bought in at $21 and not been a cheap ###. Doh!
McBokonon
Footballguy
Trimmed a little FVRR, ETSY, and FLGT after hours. They’re all in the same IRA I don’t contribute to anymore - have enough to start a new position but if we have a bloody day I might just buy them back again. Have done this a few times, never touch my core holding. Today was just such a ripper.
Big League Chew
Footballguy
Just found out you can do unlimited day trades with less than $25k
convert it to a cash account
convert it to a cash account
FreeBaGeL
Footballguy
Well sure when looking at volume it makes sense that cheaper stocks have more shares traded. If 99 people spend $1000 on Disney and one person spends $1000 on SNDL, then SNDL had more volume.
There are also more day traders going in and out of penny stocks (in huge numbers) several times a day. I would be surprised if sub-$1 stocks being among the most traded wasn't normal, but I don't know where the data is to check that.
Last edited by a moderator:
KGB
Footballguy
Desert_Power
Footballguy
BassNBrew
Footballguy
I'm up 20% on DOCU in a week. Added it as a long term hold. Hard not to sell. I really wish these would just go up 0.25% a day so I can set it and forget it. Ultimately I'll trim some and then read a suggestion that I like. That's how I end up with so many stocks.stbugs said:
