Board 8 > Stock Topic 2

Topic List
Page List: 1 ... 5, 6, 7, 8, 9, 10
barreldragon88
04/06/20 3:37:03 PM
#401:


Hoping I can plus with AKER, and hoping desperately LK doesn't bomb

---
Long live Saint Seiya!!
... Copied to Clipboard!
Moonroof
04/06/20 3:40:34 PM
#402:


You couldve bought into and sold AKER about four times today for a profit. I was about to but work beckoned.
... Copied to Clipboard!
red sox 777
04/06/20 3:41:13 PM
#403:


Man I was planning to sell LK on Friday but it fell so far (and after showing a big gain at the open too) that I held on. Guess I may be in this for a while now.

I do think it's probably EV-positive even if the chance of the shares going to zero within a year may be over 50%.

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
... Copied to Clipboard!
Moonroof
04/06/20 3:41:34 PM
#404:


IMMU is supposed to be the better buy at this point though. That one is poised to go up tomorrow more than AKER will.
... Copied to Clipboard!
red sox 777
04/06/20 3:42:17 PM
#405:


If LK re-reports its financials and it shows anything other than the company being on the verge of shutting down, it'll probably go up a lot.

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
... Copied to Clipboard!
Moonroof
04/06/20 3:54:49 PM
#406:


My friend is going to put more into it.
... Copied to Clipboard!
Lopen
04/06/20 4:37:11 PM
#407:


Yeah I'm going to put some money back into LK too but I'm waiting for it to bottom out first-- not sure what number it's going to need to fall to to make me feel safe that it won't go down much more.

Wonder when that re-report is going to occur though. I do want to get in before it does that.

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
Menji
04/06/20 5:04:56 PM
#408:


I've been buying more LK

---
... Copied to Clipboard!
CaptainOfCrush
04/06/20 6:16:32 PM
#409:


Didn't LK just default on some interest payments today? Not exactly a good sign.

---
... Copied to Clipboard!
red sox 777
04/06/20 6:32:53 PM
#410:


CaptainOfCrush posted...
Didn't LK just default on some interest payments today? Not exactly a good sign.

I think that was the chairman/CEO defaulting on a margin loan, which is actually a good thing from my point of view. They defaulted on the margin loan because the stock fell 75% overnight so of course their position was wiped out and they ended up in debt.

But it means that chairman/CEO were actually keeping their own money in LK stock, and even betting on it with margin, so they must have believed in the company's business......or at least I hope?

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
... Copied to Clipboard!
neonreaper
04/06/20 6:38:48 PM
#411:


Played some lottery tickets Friday and they did well today. Glad I put more in WFC too but that is long term so not worried about good or bad days

---
Donny: Are they gonna hurt us, Walter?
Walter: No, Donny. These men are cowards.
... Copied to Clipboard!
DoomTheGyarados
04/07/20 7:47:55 AM
#412:


Lmao. I have made 10k over night what the fuck

---
Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
... Copied to Clipboard!
Moonroof
04/07/20 8:28:27 AM
#413:


Nice! Today is supposed to be another big day.
... Copied to Clipboard!
turbopuns3
04/07/20 8:45:13 AM
#414:


Moonroof posted...
AKER up 170%. Vaccine announcement.

I ran and bought some immediately when I saw this. I literally hit the peak. Spent the rest of the day feeling cruddy about it. Put in like 3 different stop orders because I was changing my mind a lot. Then I said you know what, why am I worrying? This is a promising stock. I'll see what tomorrow does. Went to bed down like 20%. Wake up I'm only down like 5%. Check back later I'm up like 8%. Place new stop orders. Money made.

What a wild game.
... Copied to Clipboard!
Moonroof
04/07/20 9:03:05 AM
#415:


Excellent job holding! That is the name of the game.

... Copied to Clipboard!
Moonroof
04/07/20 9:15:03 AM
#416:


So it looks like all the stocks i sniped and posted are up big. Pissed I didnt go in!
... Copied to Clipboard!
turbopuns3
04/07/20 9:37:52 AM
#417:


Wow look at AKER go
... Copied to Clipboard!
Moonroof
04/07/20 9:41:33 AM
#418:


Im happy for you man!
... Copied to Clipboard!
turbopuns3
04/07/20 9:43:59 AM
#419:


I'm up 20% on this account lol
... Copied to Clipboard!
turbopuns3
04/07/20 9:44:56 AM
#420:


Thank you graciously for the tip!
... Copied to Clipboard!
Moonroof
04/07/20 10:00:18 AM
#421:


Always, man
... Copied to Clipboard!
turbopuns3
04/07/20 10:08:49 AM
#422:


Bought in at 5.75, sold 80% of my holdings at 7.43

What a rush
... Copied to Clipboard!
Moonroof
04/07/20 10:12:51 AM
#423:


There you go! Free money for clicking a few buttons.
... Copied to Clipboard!
DoomTheGyarados
04/07/20 10:27:48 AM
#424:


Glad I put a stop on evri at 3.70 lmao.

Kept some of my shares in there but still, what a roller coaster :O

---
Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
... Copied to Clipboard!
turbopuns3
04/07/20 10:28:59 AM
#425:


Sold the rest at 7.50 and now it's nosediving.
... Copied to Clipboard!
Moonroof
04/07/20 10:30:04 AM
#426:


Stops are our best friend.
... Copied to Clipboard!
Lopen
04/07/20 10:36:08 AM
#427:


So what the heck is with LK. It has 0 volume and the price hasn't moved at all. Also has N/A as open.

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
Moonroof
04/07/20 10:37:42 AM
#428:


They shut down its trading. Theyre going to make an announcement soon.
... Copied to Clipboard!
DoomTheGyarados
04/07/20 10:38:32 AM
#429:


Yeah I thought that was a good long term investment but uhh that was next level it seems.

---
Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
... Copied to Clipboard!
barreldragon88
04/07/20 10:48:31 AM
#430:


Damn, got too safe and sold AKER too early. And LK has me really worried

---
Long live Saint Seiya!!
... Copied to Clipboard!
Moonroof
04/07/20 10:52:49 AM
#431:


Even if LK goes under, we will make sure whoever lost money in it will get it all back and then some through our other recommended stocks.
... Copied to Clipboard!
barreldragon88
04/07/20 10:57:01 AM
#432:


That would be nice because I'm losing over 1k

---
Long live Saint Seiya!!
... Copied to Clipboard!
turbopuns3
04/07/20 11:50:36 AM
#433:


Can someone give me an overview of day trading rules?
... Copied to Clipboard!
Moonroof
04/07/20 12:23:39 PM
#434:


Stocks values change every second. Day trading is when you buy a stock and believe its value will rise by the end of the day or sooner. Ive bought stocks and sold them not even an hour later.

Different companies have different rules. Most require X amount of time passes from when you can use the money you gained from selling your last stock to when you can sell your next (this is called settled funds).

In other words, if you have $50,000 and invest it all in Stock A today and then sell it for $50,500, you cant make another sell until X amount of time passes. So in that example, you can immediately invest $50,500 into another stock but you cannot sell it until X passes. In my experience, its usually a day or so. However, I heard of something called margin accounts which allow you to not have to wait at all ever. Youd have to ask your company what their policy is.
... Copied to Clipboard!
Moonroof
04/07/20 12:25:45 PM
#435:


It is also worth noting that you are allowed to sell stocks if the funds youre using are separate from the funds you sold.

So if you have $50,000 and invested $25,000 of it into Stock A and proceeded to sell it even at $25,000, youd still be able to use your remaining $25,000 to invest and sell as soon as you want.
... Copied to Clipboard!
Moonroof
04/07/20 12:43:16 PM
#436:


So you guys know how Ive been limiting my buys at $30k? Well I finally bought my new car and it leaves me with around $43k to play with. On top of that, I have the option of moving an additional $55k from a separate account into my day trading account (Id have to take a $2k loss on those funds, though). That would bring me to around $100,000 of play money. On top of that, Im finally getting a margin account (currently on hold) which would enable to me to day trade as often as I want without having to wait for my funds to settle.

This has all the writing of a setup for a colossal failure. But if I play my cards right, I can make $1,000/week like its nothing.
... Copied to Clipboard!
Menji
04/07/20 12:53:46 PM
#437:


Famous last words haha

---
... Copied to Clipboard!
barreldragon88
04/07/20 1:02:53 PM
#438:


Wait, how much did your new car cost? Where is this 43k coming from? And how do you get a margin account? Do you need to have a certain amount of money in the account?

---
Long live Saint Seiya!!
... Copied to Clipboard!
Leafeon13N
04/07/20 1:09:52 PM
#439:


Be careful with margin trading. You are essentially taking a loan from your broker borrowing on equity. Can double your losses.
... Copied to Clipboard!
Lopen
04/07/20 1:20:50 PM
#440:


I'm looking at AKER even though I missed the explosion this morning and it went up $1.11 since yesterday.

Think it could do it again? What price should I be aiming at to buy?

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
Lopen
04/07/20 1:26:39 PM
#441:


Went in at $5.85 for $1300

We'll see if I regret this.

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
turbopuns3
04/07/20 1:30:56 PM
#442:


Yeah I would feel good at 5.75 or 5.80

But what do I know
... Copied to Clipboard!
turbopuns3
04/07/20 1:32:47 PM
#443:


The news was they made tangible progress toward a vaccine and that they'll know more later. So...definitely potential to just take off and go to like $10 or something if they get more good news. I was imagining something like another company reaches out to cooperate with them and it makes them super awesome covidbusters somehow.
... Copied to Clipboard!
Lopen
04/07/20 1:35:13 PM
#444:


Yeah I'm not really looking to day trade it so $5.75 vs $5.80 vs $5.85 is all the same to me more or less. As long as it doesn't level off way below what I bought it for and spook me I wanna hold it for explosion potential.

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
Lopen
04/07/20 1:41:09 PM
#445:


Looks like I could've been greedy and waited for $5.60.

I think this is the right neighborhood though at least.

---
No problem!
This is a cute and pop genocide of love!
... Copied to Clipboard!
Moonroof
04/07/20 1:44:09 PM
#446:


I have no intentions of margin buying. I only
got the margin account so that I have the flexibility to buy and sell instantaneously.

The reason I have $43k to play with now is because: I started with ~$50k in my day trading account but only ever wagered up to $30k since I knew my car cost $19k plus trade-in. Since starting day trading, I made an additional $7k. So you take $50k and subtract $19k, that comes to $31k. Then you add the $7k and that comes to $38k. I already put a $1k deposit for my car, received my tax returns, and have been getting paid from my full-time job and moving some of it into my day trading account
....$43k voila.
... Copied to Clipboard!
Moonroof
04/07/20 1:45:48 PM
#447:


To get a margin account, simply call your investment company. They transform your existing account into a margin account, meaning you dont have to worry about exchanging funds. You dont need a certain amount of existing money to do this, you just call them and fill out some paperwork.
... Copied to Clipboard!
barreldragon88
04/07/20 1:46:18 PM
#448:


I would buy back into AKER if I had the funds. Too much being tied up right now

---
Long live Saint Seiya!!
... Copied to Clipboard!
Menji
04/07/20 1:47:01 PM
#449:


Don't forget to save some of those profits for taxes.

---
... Copied to Clipboard!
Moonroof
04/07/20 1:47:48 PM
#450:


Good point, Menji. Im assuming about 30% will be taxed.
... Copied to Clipboard!
Topic List
Page List: 1 ... 5, 6, 7, 8, 9, 10