Lurker > Lebronwon

TheGoldenEel posted...

penny stuff just seem like what there is to discuss day in and day out

more than 50% of my portfolio is long term, and now I have about 25% in ENZC since its way up

these other stocks i only have a maybe a hundred bucks in each but its fun to watch them go up and down

Yea. A 1-2% gain on an ETF isn't going to get much discussion as a stock like OCGN going up 400% or so in the span of a couple trading days.

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So is anyone still holding onto FOUR? Remember some saying its Super Bowl commercial would lead to a spike. It hasn't gone up much since.

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shockthemonkey posted...

Yup, its just people chasing their short term highs at this point

The makeup of my portfolio is 25 penny stock and swing trade the other 75 percent is for long plays. A perfect example of a swing I did in last few weeks I didn't hear any one else mention was swinging the stocks on the RH restricted list that tanked. Did it with a couple like INO and SBUX. SBUX got tanked to $96 after the restrictions held it for a couple days and sold it for $100. There were a couple pennies on the list like CTRM, GTE, and ZOM that got tanked and holding those three since January 29th has worked out.

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HotLap posted...

I got in on APHA at $14 so Im holding until the TLRY merger at a minimum, likely beyond that.

I will probably reestablish a position in APHA tomorrow or Tuesday. Need to see if it dips further before getting back in. Might load up on some MVIS too if that dips tomorrow.

If the three day weekend sell off pattern continues gonna be some discounts on stocks that are over $40.

PatrickMahomes posted...

When is the merger?

Some time in Q2

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lww99 posted...

tbf Im a ce/Reddit idiot. Its week 1 for me, so Im kinda just following trends. Still learning the ropes.

You shouldn't make one stock half your portfolio. You should lower the position ratio to something like 5-10% max. So if it tanks it doesn't fuck up your portfolio that much.

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emblem boy posted...

Gonna be red tomorrow also probably since it's gonna be a 3 day weekend for the market

Guess it might be best to do some DD and look for the discounts tomorrow to swing trade into next Tuesday.

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Tyranthraxus posted...

I'd been hyping weed for months. If y'all bought into APHA when I first posted about it you'd have an average price of around $11. If you bought into SNDL when I posted about it a few days ago you'd have an average price of $1.5. Not particularly great profits but I just don't have the stress that comes with watching APHA drop $7 in one day because I'm literally still profiting.

I got in on all of them January 12. They were all low priced. I got the profits. Now it time to look for new stocks. It just get tiring having to worry about the stocks 24/7. I want to start checking it once a week. Im guessing I have to looking into some ETFs or maybe some long term plays will become clear through some DD tomorrow or next week.

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Vampire_Wreath posted...

Reinvest when it pops

I will look into that. Hopefully they dont turn into NOK or EXPR and people start avoiding weed stocks so they trade sideways or keep taking.

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Tyranthraxus posted...

Yeah I don't think most of us could cut it as a day trader.

We should all stop chasing memes and short term gains and just focus more on long term holds.

Well for me the weed thing wasn't a meme when I bought them a month ago. It turned into that. Now I just dont even know what to invest in anymore since those stocks were what kinda got me into the long term investing.

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I guess from now on if I see in the news a stock im in is the target of reddit/WSB it time to sell. And buy back in after they dump it.

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project_night posted...

Everyone here is making crazy gains on penny stocks while I am just happy with what NVDA, PYPL, and MARA have been doing the past 1.5 weeks. Too scared to put huge money in the pennys.

I do both. I play pennies and swing trade with 25 percent of my portfolio and the other 75% is for long plays. I kinda lost several long positions in the weed stocks I was playing with but I still have MVIS which I am happy with.

I'm gonna try to do some DD and add some new stocks tomorrow because 45% of my portfolio is cash now.

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krazychao5 posted...

just bought 50 GRTS at $15.05 cause i'm a sucker for pains

What catalyst or news do they have coming up?

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CTRM went over 1.85. Kinda helping me to move past the whole weed debacle this morning.

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SerenitySays posted...

Just curious to see if anybody's still in OCGN here.

I got out. With vaccine/pharma stocks its a ride the wave and get out kinda thing. They don't really go up without news. And once that news story is over in the news cycle they crash or trade sideways.

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xXfireglzXx posted...

So, based on Canada's rollout of legalization, this is how I forsee things progressing(There's a reason a ton of Canadian weed stocks were under a dollar a share )

Basically, the sentiment of legalization is fueling a lot of the gains you're seeing right now. A lot of projections as to how many potential customers and revenue can be earned following legalization fueling this surge.

When legalization happens in earnest, things typically take a turn a couple of month afterwards. Canada underestimated both the quality and price of the black market, resulting in a massive oversupply of product. Weed is a commodity with a shelf life, meaning oversupply is both a quantity and quality issue, resulting in a sort of negative cycle where older product results in less customers, which results in older product.

Personally, for American weed stocks, the best time to sell in my opinion would be in the 1-2 months immediately following legalization but before the reality of the logistical nightmare starts to set it. Then buy again after that dip.

This is all speculation, I am not a financial advisor, etc.

Yea. This weed stuff is a ride the hype thing. And it is kinda weird Canadian companies are leading the charge and getting all the attention as if the US doesn't have weed companies. But I have to go with what is making money.

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Makeveli_lives posted...

They both dipped buy back in

Im going to watch from the sidelines and buy back in when WSB moves on to the next thing. I don't really like this whole swinging back and forth of thousands of dollars. On stocks i wasn't trying to day trade. APHA was a long.

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theAteam posted...

There's a lot of opportunity to make money off wsb stocks as long as you're willing to sacrifice some gains to lock in profit and get out before the rug pulls.

Im aware. Im out of all my weed positions now because my trailing stop loss got activated. I got profit but stuff like TLRY and APHA I had planned to hold through the merger at the very least.

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I guess no one was following WSB. Its like reading a news article. Their forum gives insight to the memes and one of the top posts was about how to avoid being a bag holder.

So a panic sell off now instead of later seemed likely.

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lww99 posted...

dtill not sure how they work while the market is closed. Or I wouldnt have cancelled mine

I will try to explain with an example of a stock that is at $50. If you have a stop loss at $45 and it goes down to $40 at the open. Your stop loss turns into a market order and you would be closed out at $40.

The other situation is if you have a stop limit. Lets say you put the limit at $45. So if the stock opens at $40 your stop loss is activated but it wont sell until the price reaches $45. The con to this is if the price keeps going down your position wont be closed.

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lww99 posted...

4.70 to 3.50 ooooof

hmph.

buy in the dip?

I dont know if people lurk WSB but this is a top post on it. It is basically saying how to not be a bag holder when this all comes crashing down.

https://www.reddit.com/r/wallstreetbets/comments/lhf2qw/how_a_shortgamma_squeeze_on_tilray_is_causing_the/

It tough to predict how a crowd would react but my guess is someone reading that would instead of saying hold the line. They would consider cashing out now to avoid what happened with GME.

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CTRM just went over 1.50. GTE up to 1.20. ZOM also doing well in premarket. Looks like my patience in several stocks is starting to pay off. All three were a part of RH restrictions and I got them while people panicked on them.

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WSB turning the weed stocks into a meme is scary since unlike GME there is no unified plan. Its probably a ride the wave secure my profits and cash out. There isn't any one over there saying hold the line.

So if I had to guess these stocks went from stable growth to now being extremely volatile. Could rise 10% or dip 10% at any time right now.

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C6Driver posted...

Yes, I remain in possession of all 730 of my OCGN tickets ! I don't care if it keeps going down, the time is NOT RIGHT to sell the stock.
I has patience : )

My position got closed when my trailing stop loss was activated around 12.87. It does have potential but I think it will trade sideways until there is news.

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DarkProto05 posted...

Seems premeditated. Like they knew the guy was rich and knew his habits and waited for the right moment.

This is the theory

https://twitter.com/DionLimTV/status/1359676667262693378

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https://www.sfchronicle.com/crime/article/Man-robbed-of-large-sums-of-money-in-attack-15938464.php

Four armed robbers attacked and robbed a man who was attempting to deposit money at a San Leandro bank Tuesday afternoon, authorities said. Police called to reports of an armed robbery found one man with minor injuries at Bank of America on Marina Boulevard around 1:20 p.m. Four robbers pushed the man to the ground while he waited in line to deposit large sums of money, said Ali Khan, a spokesman for the San Leandro police. The victim sustained minor injuries in the fall, police said. In a video posted to Twitter by an ABC7 reporter, the man sat on the ground and appeared to gesture at an injury on his leg.

Police declined to say whether the attack was linked to a string of recent robberies and assaults on elderly people in Oaklands Chinatown. The victim was identified as an Asian adult. No arrests had been made as of Tuesday evening, but police were pursuing leads to identify the group, Khan said.

https://twitter.com/DionLimTV/status/1359302168948273152


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Conker posted...

Oh I know, just the amount of it all is a lot. Its not like Oh I sold that months or years ago. Most of them are days or weeks after I sold after not moving for months or years.

I like to think of this stock stuff as a party. When one ends there is another one around the corner. So there isn't much regret if I left the other party early. If this WSB makes weed stocks their next target we have another party. Just have to know when to leave early.

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DarkProto05 posted...

What is the specific link on reddit where we can find out the tickers being pumped next?

Just lurk WSB

https://www.reddit.com/r/wallstreetbets/comments/lgupsw/yesterdays_discussion_gme_nearly_dethroned_by/

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Conker posted...

I should use these topics to just post everytime I sell and then we could revisit it and laugh (exfept they dont get archived).

Heres some others for your entertainment (when bought and price, rough estimates not looking up every one):

Its probably a part of the game. I had this happen to me too. In January I panic sold CLXT at $4.75 and now that is over $11. I had 1000 shares of XELA at 65 cents sold at 96 cents the next day. XELA is now trading around $2.90

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AngelsNAirwav3s posted...

Is Biden planning on an executive order to legalize weed or something? I just bought SNDL without doing any DD lol, why are weed stocks the new meme stock on Wall Street Bets?

People made posts on WSB that weed stocks made them rich. So now they all jumping in thinking they will get rich too. It unfortunately gonna lead to another bubble.

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Orlando_Jordan posted...

You arent going to make $1000 a week from the stock market with only $25,000.

I started with only 3k added another 700. And the past three days I have made over 1,200 a day with today going over 2,300. If I had 25k id probably be able to make 1k a week easily with this bull market.


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Sexypwnstar posted...

Who was that person who said BNGO was going to be good?

What news or catalyst does BNGO have coming up? If there is no news and isnt getting pumped stocks like that trade sideways for however long it is until there is news.

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Future_Trunks posted...

lmao so what's the play? buy TLRY? shit man... my heart can't deal with another GME lol

They are doing it with all the weed stocks. So the play is probably buy from the weed sector and have stop losses. Its likely going to be limited to the Canadian weed stocks since the US ones are OTC. Unlike the GME meme situation which was to bankrupt the hedge funds this doesn't seem to have an end game other than get rich.

So that is kinda scary as someone that was in a long. That means the dump is coming. Just dont know when the bubble will pop.

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https://www.marketwatch.com/story/tilray-shares-soar-29-as-reddit-message-board-sets-sights-on-cannabis-sector-11612977363

Looks like TLRY is the next Gamestop for WSB. This gonna be interesting because it not just hedge funds who short TLRY. One of the reddit gameplans in the other stock subreddits is to short TLRY and buy APHA shares for the merger.

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Jagr_68 posted...

fuck, gg :(

Gonna have to flat out avoid penny stocks from now on because they're all primed for twitter and reddit trenders.

It isn't limited to SNDL. They lumping in TLRY/APHA into it. Probably other weed stocks too. If this is anything like the AMC/GME stuff this pump is temporary until they move on to the next thing.

So it sucks but im probably going to have to put trailing stop losses on all my weed stocks now. And be prepared to lose my positions in them when I had plans to hold them through the entire year for tax reasons. But im not losing thousands in profit if this crashes.

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krazychao5 posted...

it's seems obvious in hindsight, but you can never know. that's why the mantra is time in the market beats timing the market. no one knows until the shoe drops

Yea. It tough to time it or even know you in one til it over. I just believed in the stocks I held and didnt panic. All the weed stock are up in after hours. So it looks like it was right choice so far.

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Its kinda interesting looking at the graphs of many stocks today and seeing so many have double bottoms around 10:15 to 10:25 and 10:40 to 10:55 ET range. I guess the panic selling was market wide around those times. Wish I paid more attention to the technical stuff. Would have seen the run ups coming.

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emblem boy posted...

Do you guys see sndl as being an actual long term thing? Or is it just riding the wave for now?

I dont see it as a top weed stock. Its going up because it is weed, its cheap, and easy to trade. Its up to you how you play it but I'm setting a 20% trailing stop loss on it. So if there is another major dip at any point im out.

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Future_Trunks posted...

i'm kinda over monitoring this shit 24/7 , i'm long in every position i'm in

for one last hurrah, any long calls you guys might rec @Tyranthraxus
@clyde_frog @emblem_boy @Conker @Lebronwon

Not a LEAP but the type of stock you can throw money at and not have to check it I'd rec is the weed ETF MSOS. I think the US weed stocks are kinda ignored since they are all OTC. The Canadian ones get the attention since it easy to trade them.

MSOS would give you exposure to the US companies and they are probably gonna benefit from US legalizing it.

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LastTomorrow posted...

Should I sell the SNES stock?

Biotech and pharma companies seem to be pumped and dumped a lot. It follows same pattern there is catalyst like their study had positive results. Stock goes up then usually within 2 days it goes down and trades sideways until the next study or press conference. So if it were me and there is no news coming anytime soon I would get out of a stock like that.

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Tyranthraxus posted...

Bruhhhh

What is your exit strategy?

Im in a similar spot with a TLRY LEAP it is up 200%. Profit of $3,200 overall which is more than my initial investment of 3k I started with. I dont know if I should even cash out. There are two years remaining and it feels even with a pull back TLRY seems likely to go over $70 within 2 years. Could even be within 2 days if it keeps this momentum.

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https://www.cnbc.com/2021/02/10/cannabis-stocks-soar-as-reddit-crowd-that-spiked-gamestop-jumps-in-tilray-surges-25percent.html

Media giving credit to WSB for weed stocks going up. That is a shame they might get lumped with the meme and GME stuff. They were great plays as soon as Dems won the GA Senate last month.

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TheGoldenEel posted...

I mean, its just my unrealized gains that are down

still up overall

Im in same spot. I had finally broke the 10k mark with my 3k I put into this. And the weed stock dip cost me 1,200 im still up overall. But I imagine the losses are a lot more for those investing more money than myself into these stocks.

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t5yvxc posted...

I bought APHA for possibility of this administration legalizing MJ, that and their merger with TLRY.
ZSAN imo looked good for long term investment as well.

Are these now meme stocks?

Yea. It seems whenever a stock goes up media calls it a meme if there was just one reddit post about it. I think an issue is that people trade stocks for two reasons one is for short term other is long term. And it possible the short term people are the ones more likely to panic sell as soon as there is a dip. Causing stock to dip even further then the usual profit taking that takes place in morning. But if you believe in the fundamentals you should be fine as people cash out for pennies.

Weed stocks have bounced back a bit though as of right now.

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Future_Trunks posted...

This is why Im only 10% of my portfolio in meme stonks >_>

The entire market is down though.

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Future_Trunks posted...

Damn a lot of my pennystocks are down big today god damn. Same w crypto

Which pennystocks are you referencing that are down? A couple are up right now like CTRM and GTE.

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emblem boy posted...

These weed stocks, wtf

Yea. It kinda scary how fast they are jumping. There has to be a pull back at some point.

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TLRY just went over $65.

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TLRY at $59 in premarket.

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Makeveli_lives posted...

Fuck it added another 200. Now I got 550 worth of orders going through at open. 2 are etfs though so I'm assuming that's good.

How you approach market open is up to you. But I generally dont have orders queued up for market open. I wait 15 minutes into open then set a limit order that is 5-15% lower then the price. If my order is filled great I can get a bounce back or if it keeps going down I haven't lost as much as if I bought at the open. If it doesn't get filled I dont feel bad about it since I know I didnt chase it.

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The X Dawg posted...

I need a quick $500 off $5000 investment tomorrow. Where am I going?

Weed stocks are one sector that is doing well right now. Do your DD and pick a couple. They seem bullish right now.

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