Current Events > Stock Market General #18

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#153
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littlebro07
02/09/21 9:37:14 AM
#154:


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Lebronwon
02/09/21 9:37:24 AM
#155:


CTRM just went over $1

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Simon_Petrikov
02/09/21 9:37:47 AM
#156:


hopefully my deposit clears in the next couple days...

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NeonOctopus
02/09/21 9:38:42 AM
#157:


NeonOctopus posted...
I have a question about Fidelity. Somehow I have 700 in some SPAXX mutual fund account, (I think it put money there when I sold some stock) but I want to make that money liquid and put it into other stocks. How do I do that? When I try to "sell" it, it says it's a core position and I can't do that. But when I try to buy stocks, it doesn't take the money in SPAXX into the equation >_>

I'm just kinda confused by it. It's my money and I need it now damnit!


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darkprince45
02/09/21 9:38:47 AM
#158:


Mfw when I only have 200 shares of ENzC and waiting a week for my money to still clear

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CableZL
02/09/21 9:39:40 AM
#159:


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littlebro07
02/09/21 9:39:51 AM
#160:


darkprince45 posted...
Mfw when I only have 200 shares of ENzC and waiting a week for my money to still clear

My friend just told me about a friend of his who had a million shares and sold at like .10 when it wasnt moving much

Hes checking to make sure that guys okay


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Thighon
02/09/21 9:39:57 AM
#161:


Not sure why my order for HCMC isn't being processed. I'm up 4k today already tho
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Serious Cat
02/09/21 9:40:16 AM
#162:


And just like that, ENZC is my biggest holding.

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littlebro07
02/09/21 9:40:25 AM
#163:


CableZL posted...
I NEED to FOCUS on WORK, GOD DAMN IT


YOURE GONNA BE RICH, CABLE

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Thighon
02/09/21 9:40:35 AM
#164:


SNVP and CELZ doing great for me again today as well
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theAteam
02/09/21 9:41:24 AM
#165:


Been sitting here watching you guys gush over this thing since it was in the .20s and I never bought in.

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Jabodie
02/09/21 9:41:53 AM
#166:


@NeonOctopus It's a cash equivalent money market fund, which for Fidelity means it's essentially as liquid as cash. If you want it in cash specifically, you can change your core position to an FDIC deposit sweep where Fidelity will divide your money into accounts with various banks to try to get a half decent interest rate. I keep a cash management account with Fidelity so I have a reserve of funds that can be instantly transferred to my brokerage accounts or spent using a debit card, and that account will only keep your money in an FDIC sweep.

Don't get caught up in "selling" SPAXX. For all intents and purposes it's cash.

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Apodyopsist
02/09/21 9:42:55 AM
#167:


NeonOctopus posted...
I have a question about Fidelity. Somehow I have 700 in some SPAXX mutual fund account, (I think it put money there when I sold some stock) but I want to make that money liquid and put it into other stocks. How do I do that? When I try to "sell" it, it says it's a core position and I can't do that. But when I try to buy stocks, it doesn't take the money in SPAXX into the equation >_>

I'm just kinda confused by it. It's my money and I need it now damnit!
SPAXX is just where your excess money sits. I've had no problem buying stocks/limit orders with the money in there as long as it's cleared.

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lww99
02/09/21 9:42:59 AM
#168:


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Dat_Cracka_Jax
02/09/21 9:43:08 AM
#169:


@littlebro07
You mentioned other companies that made it into the Texas AM labs had shot up too. Do you have any of those tickers? Just want to look at what they looked like

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#170
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CableZL
02/09/21 9:45:44 AM
#171:


So if ENZC goes over a dollar, can we just do market orders instead of limit orders?

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Lebronwon
02/09/21 9:45:46 AM
#172:


Hummer 2 posted...
Change the topic title to penny stock general.

Or ENZC general. Wish i got into but my brokerage doesn't trade OTC. Im still doing well with my other stocks like CTRM, weed stocks, SENS, and other stuff but Im not in the ENZC party which seems to be most popular stock in here.

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AlCalavicci
02/09/21 9:45:57 AM
#173:


What are you guys using to see live data? All my data is behind and not updated, I use Etrade and google

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CableZL
02/09/21 9:47:12 AM
#174:


AlCalavicci posted...
What are you guys using to see live data? All my data is behind and not updated, I use Etrade and google

I am beating the SHIT out of my F5 key on Etrade. Etrade has a live tracker you can download, though. It uses Java. I can't install it on my work laptop.

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NeonOctopus
02/09/21 9:47:58 AM
#175:


Jabodie posted...
@NeonOctopus It's a cash equivalent money market fund, which for Fidelity means it's essentially as liquid as cash. If you want it in cash specifically, you can change your core position to an FDIC deposit sweep where Fidelity will divide your money into accounts with various banks to try to get a half decent interest rate. I keep a cash management account with Fidelity so I have a reserve of funds that can be instantly transferred to my brokerage accounts or spent using a debit card, and that account will only keep your money in an FDIC sweep.

Don't get caught up in "selling" SPAXX. For all intents and purposes it's cash.
Thanks!

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#176
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#177
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Thighon
02/09/21 9:49:21 AM
#178:


how the fuck am i supposed to focus on work today wtf

i made an absolutely lifechanging amount of money. 10+k in two days so far. so afraid it'll all disappear in a second
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delvec19
02/09/21 9:50:15 AM
#179:


Future_Trunks posted...
My ENZC, MLFB, and EMHLF are fucking going

Why do you like MLFB and EMHLF

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littlebro07
02/09/21 9:50:30 AM
#180:


Dat_Cracka_Jax posted...
@littlebro07
You mentioned other companies that made it into the Texas AM labs had shot up too. Do you have any of those tickers? Just want to look at what they looked like

Been awhile so Ill have to check on that. I want to say IBIO was one of them?

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darkprince45
02/09/21 9:50:56 AM
#181:


Thighon posted...
how the fuck am i supposed to focus on work today wtf

i made an absolutely lifechanging amount of money. 10+k in two days so far. so afraid it'll all disappear in a second
Its gonna dip man. If its life changing. Cash out

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Thighon
02/09/21 9:51:11 AM
#182:


my lowest hold today is still up 22%

it's gonna come crashing down. good things aren't allowed to happen to me

darkprince45 posted...
Its gonna dip man. If its life changing. Cash out
no, because if everything continues to skyrocket and i dipped out for net 25k i would walk off the roof lmao

BignutzisBack posted...
Make sure to take some profit, it doesn't seem like we are hitting a bear market anytime soon but from what I understand lurking the penny stock subreddit OTC stocks get absolutely obliterated when one does hit
when i pulled my shit off robinhood i basically took what i put into each brokerage overall
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#183
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BignutzisBack
02/09/21 9:52:13 AM
#184:


Thighon posted...
how the fuck am i supposed to focus on work today wtf

i made an absolutely lifechanging amount of money. 10+k in two days so far. so afraid it'll all disappear in a second

Make sure to take some profit, it doesn't seem like we are hitting a bear market anytime soon but from what I understand lurking the penny stock subreddit OTC stocks get absolutely obliterated when one does hit


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Ps2Twilight
02/09/21 9:52:39 AM
#185:


Damn, up 10k on ENZC.

That's over 20 grand that I could make in just a couple of weeks if I factor in GME. That's fucking scary <_<

Of course a good chunk will go to taxes, but that's still a nice amount in the pocket.

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CableZL
02/09/21 9:53:39 AM
#186:


Sacrificing some SLVO dividends to move into HCMC and ENZC was definitely the right call, holy crap. I was set to make $680 in dividends this month, but The gains from HCMC and ENZC are far beyond that.

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BignutzisBack
02/09/21 9:53:43 AM
#187:


Hmm my PLYZ yolo play is running today, then again everything seems to be lol

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#188
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HotLap
02/09/21 9:54:14 AM
#189:


Does anyone use Fidelity? My transfer went through this morning and the limit order Im trying to execute on HCMC isnt going through because its saying I dont have enough cash available, even though Im putting in far less than what I transferred over.

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Legato-and-Vash
02/09/21 9:57:08 AM
#190:


HotLap posted...
Does anyone use Fidelity? My transfer went through this morning and the limit order Im trying to execute on HCMC isnt going through because its saying I dont have enough cash available, even though Im putting in far less than what I transferred over.
With OTC stocks, it seems you have to wait longer before you can actually trade. Like there's another processing period after the funds "settle." Going through this right now with Schwab.

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The X Dawg
02/09/21 9:57:14 AM
#191:


Lol of course today is the day Fidelity allows me to buy ENZC. After 2 weeks. And when it is .95 instead of .23 when I wanted to buy.
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vbty3
02/09/21 9:57:35 AM
#192:


HotLap posted...
Does anyone use Fidelity? My transfer went through this morning and the limit order Im trying to execute on HCMC isnt going through because its saying I dont have enough cash available, even though Im putting in far less than what I transferred over.
The cash has to be "settled" to trade penny stocks. It takes a few days for the cash to settle.

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CableZL
02/09/21 9:57:40 AM
#193:


I now have over $100k between my stock portfolio and my 401k

Holy shit, I thought it would take a lot longer to get here. Next milestone is to get $100k in each account.

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CableZL
02/09/21 9:58:41 AM
#194:


Etrade lets me do margin orders for OTC stocks. I just do that and then transfer in the cost of the order from my bank account. You have to have margin purchasing power for that to work, though, I think.

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NeonOctopus
02/09/21 9:59:02 AM
#195:


Bought another 400 shares of ENZC and 20k shares of HCMC >_> Hope it doesn't fuck me up lol

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Dark_Koopatrol
02/09/21 9:59:08 AM
#196:


Die ZOM die!
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lww99
02/09/21 10:00:00 AM
#197:


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Legato-and-Vash
02/09/21 10:00:09 AM
#198:


CableZL posted...
Etrade lets me do margin orders for OTC stocks. I just do that and then transfer in the cost of the order from my bank account.
I saw you mention that before. Can you give an example of how much you are paying on the margin with 1 transaction? I might go this route.

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Lebronwon
02/09/21 10:00:14 AM
#199:


The X Dawg posted...
Lol of course today is the day Fidelity allows me to buy ENZC. After 2 weeks. And when it is .95 instead of .23 when I wanted to buy.

That happened to me with BNGO. I was getting into stocks and BNGO was at .88 before my account got approved it had already went to $7.

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NeonOctopus
02/09/21 10:00:51 AM
#200:


Why is ZOM nosediving so much lol

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NightMarishPie
02/09/21 10:02:42 AM
#201:


NeonOctopus posted...
Why is ZOM nosediving so much lol
The stock offering at 1.90. A big investor bought a ton at that price in an effort to give capital to the company, so it's going to drop a bit. It'll hopefully rebound soon. (maybe a few weeks)

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CableZL
02/09/21 10:03:00 AM
#202:


Legato-and-Vash posted...
I saw you mention that before. Can you give an example of how much you are paying on the margin with 1 transaction? I might go this route.

I called etrade support and they said you don't pay interest on margin debt until the stock purchase settles a couple business days later.

  1. Figure out how much I want to invest
  2. Put in an order for a little less than that
  3. Now in margin debt for the exact cost of the order
  4. Transfer money from bank account for that exact amount.


I like doing it this way because I don't end with a few cents to a few dollars left over after the transaction. I try to keep my cash amount in etrade at 0 or 0.01. I believe when you first link your bank account, it takes time for transfers to go through, but after a few transfers at the most, they just credit you instantly when you place the transfer order.

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