Current Events > Stock Market General #19

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theAteam
02/10/21 4:51:49 PM
#403:


Makeveli_lives posted...
Should we put them on enzc and make @jeffhardyb0yz a millionaire tomorrow so he can buy us all a celebratory lapdance?

Penny stocks are banned there

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#404
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#405
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TheGoldenEel
02/10/21 4:56:19 PM
#406:


Someone convince me to hold SNDL now that its memeing past $3.50

is it legit?

only in for 100 shares/$125, so stand to make $225ish approximate at this point

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Tyranthraxus
02/10/21 4:57:17 PM
#407:


TheGoldenEel posted...
Someone convince me to hold SNDL now that its memeing past $3.50

is it legit?
SNDL is the only Canadian weed company with no debt.

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Tactical_Spork
02/10/21 4:57:21 PM
#408:


TheGoldenEel posted...
Someone convince me to hold SNDL now that its memeing past $3.50

is it legit?
Im probably gonna dump the meme and buy back in at the dip, then hold till weed legislation starts to gain traction.

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Makeveli_lives
02/10/21 4:58:19 PM
#409:


TheGoldenEel posted...
Someone convince me to hold SNDL now that its memeing past $3.50

is it legit?
Set up a trailing stop loss and ride the wave brother.

theAteam posted...
Penny stocks are banned there
Either way are we now throwing money at whatever comes up there? Even if it's memes all I'm seeing is profit these last few weeks, temporary as they might be.

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Jagr_68
02/10/21 4:59:26 PM
#410:


SerenitySays posted...
SNDL is a trending topic on Twitter.

fuck, gg :(

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

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#412
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littlebro07
02/10/21 5:03:08 PM
#413:


Outer_space posted...
SNDL gonna hit 4.20

nice

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Lebronwon
02/10/21 5:06:36 PM
#414:


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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theAteam
02/10/21 5:06:47 PM
#415:


Makeveli_lives posted...
Either way are we now throwing money at whatever comes up there?

That's always been how to play WSB tickers. It's always been extremely effective if you get in early enough and get out early enough on the meme stocks.

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#416
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lww99
02/10/21 5:15:14 PM
#417:


How do trailing stop losses work while the market is closed. Does it still sell or no

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Tyranthraxus
02/10/21 5:16:27 PM
#418:


lww99 posted...
How do trailing stop losses work while the market is closed. Does it still sell or no
Yes if you set extended hours.

I don't recommend stop losses after hours. Wild swings can trigger your stop loss.

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Jagr_68
02/10/21 5:19:03 PM
#419:


Lebronwon posted...
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.

Goddamn that blows, and I'm in the same position as well. Cashing in to avoid a crash loss while being subject to 10-20% gains taxes is so fucked.

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Tactical_Spork
02/10/21 5:21:01 PM
#420:


How do trailing stop losses work and whats a smart place to set them at?

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CableZL
02/10/21 5:22:37 PM
#421:


Jagr_68 posted...
Goddamn that blows, and I'm in the same position as well. Cashing in to avoid a crash loss while being subject to 10-20% gains taxes is so f***ed.

Still, though, if you're paying taxes on gains, that means you made money you wouldn't have had otherwise.

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#422
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Tyranthraxus
02/10/21 5:23:47 PM
#423:


Tactical_Spork posted...
How do trailing stop losses work and whats a smart place to set them at?

Mostly for day traders.

You set a % under the peak which gets adjusted higher as it keeps hitting new peaks. So a 10% trailing stop loss on a stock at $10 would trigger at $9. If the stock rises to $50 then starts crashing it triggers at $45.

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lww99
02/10/21 5:25:29 PM
#424:


Tyranthraxus posted...
Mostly for day traders.

You set a % under the peak which gets adjusted higher as it keeps hitting new peaks. So a 10% trailing stop loss on a stock at $10 would trigger at $9. If the stock rises to $50 then starts crashing it triggers at $45.


great breakdown. Thank you

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Makeveli_lives
02/10/21 5:26:48 PM
#425:


Tactical_Spork posted...
How do trailing stop losses work and whats a smart place to set them at?
You set a percentage. If the stock hits a high and goes down by that percentage, you automatically sell your stock. Idk how it works after hours. Good way to guarantee profit if your ahead by a ton.

I put trailing stops at 18 percent on everything I'm up on by more then 50 percent. Should I not?

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lww99
02/10/21 5:30:16 PM
#426:


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Dat_Cracka_Jax
02/10/21 5:34:05 PM
#427:


TheGoldenEel posted...
came across this, posted on this sub Id never heard of today. Some solid info on ENZC. Good read for people (like me) who are mainly in based on hype posted here lol

https://www.reddit.com/r/smallstreetbets/comments/lgyhto/the_smallest_future_big_pharmaceutical_company/
This is awesome and has me pumped for the future of this stock

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Tactical_Spork
02/10/21 5:42:07 PM
#428:


Fuck it, Ill pump some more into sndl tomorrow if it doesnt hit $5 during after or pre market trades.

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Tactical_Spork
02/10/21 5:42:25 PM
#429:


Tyranthraxus posted...
Mostly for day traders.

You set a % under the peak which gets adjusted higher as it keeps hitting new peaks. So a 10% trailing stop loss on a stock at $10 would trigger at $9. If the stock rises to $50 then starts crashing it triggers at $45.
Awesome thank you

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Conker
02/10/21 5:45:33 PM
#430:


lww99 posted...
Lets gooooo sndl. Still climbing

wsb picked up on it, expect a boom

Why they do this to every stock I had and already sold.

GME last year at $2.5 sold at $4
AMC bought at $2 sold at $5 options
SNDL bought $.7 sold at $1.25

Forgot I bought Nokia back in Dec at around $3.8 and sold st $4. The. They pumped it above $5.

Ahhhh!

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#431
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Lebronwon
02/10/21 5:48:34 PM
#432:


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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#433
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Tyranthraxus
02/10/21 5:51:43 PM
#434:


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

This is what I feel like I'm living in right now.

https://www.youtube.com/watch?v=WpMSbKG2uZw


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RAAAWWWRRR
02/10/21 5:52:41 PM
#435:


Future_Trunks posted...
lmao so what's the play? buy TLRY? shit man... my heart can't deal with another GME lol
Same.... especially as a noob myself, I've lost a lot from GME ($1K). I don't want to make the same stupid mistake but overall it's how the game is I guess...

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Conker
02/10/21 5:53:04 PM
#436:


Future_Trunks posted...
how'd you hear about them in the first place? or why did you buy lol

I just buy when stuff is way down that I think will come back around based on my knowledge of the industry.

GameStop for the new consoles and figured retail after the pandemic cleared up some.

AMC was way down so I bought and figured Id sell calls til the pandemic was over and theaters open back up.

SNDL I had bought on some of the news of legalization in different stares and just general market. I had ACB that had gone up from $8 to $11 and sold, so I put that money into SNDL.

Nokia I had read a couple articles months ago about their 5G support and being a big player there, not for their phones but for the industry stuff (kinda like LG is for their displays or Sony for their camera Lenses, even though they make their own TVs and Phones, the real money is in their manufacturing parts or tech patents).

I get a hunch and go off instinct but fuck up the long haul.

I bought Netflix at $78 in 2016, bought Tesla for $250 ($50 after the split) in early 2019, sold fall 2019. Just felt like theyd do good.

Again, sold after making a little but literally weeks or days before they skyrocketed.

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BignutzisBack
02/10/21 5:54:20 PM
#437:


Okay so my new strategy is going to be buy whatever Conker does and hold at least 6 months no matter what

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HotLap
02/10/21 5:56:14 PM
#438:


Lebronwon posted...
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.

Whats the effective date of the merger?

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Sexypwnstar
02/10/21 5:58:06 PM
#439:


If you move from one meme stock to the next you can make huge gains

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BignutzisBack
02/10/21 6:00:19 PM
#440:


Sexypwnstar posted...
If you move from one meme stock to the next you can make huge gains

I am always terrified that I will get in at the top

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Conker
02/10/21 6:04:23 PM
#441:


BignutzisBack posted...
Okay so my new strategy is going to be buy whatever Conker does and hold at least 6 months no matter what

No, you dont have to hold 6 months, you hold a week or so after I sell and youll be golden, maybe a month at most.

I held some stocks for more than 6 months. Like Tesla, literally bought in Feb 2019 and sold mid-September 2019. Had you bought when I sold, you could have made 10x your money in like two weeks. Meanwhile, I sold for a couple bucks above what I bought it at Literally a week or two would have made me thousands, a month or more and Id have had around $50k. Now over $100k (I had 20 shares).

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Makeveli_lives
02/10/21 6:05:04 PM
#442:


BignutzisBack posted...
I am always terrified that I will get in at the top
Just invest couple hundred. Don't be one of those people who drop their entire bank account on it, just drop a day's pay or two.

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Sexypwnstar
02/10/21 6:05:15 PM
#443:


BignutzisBack posted...
I am always terrified that I will get in at the top

That's why you just wait for the next one

Like just imagine every time a new meme stock is being pumped and even if you only make 50-75%, that shit is going to compound even if you don't hit the top.


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Lebronwon
02/10/21 6:06:08 PM
#444:


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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heatmon930
02/10/21 6:10:26 PM
#445:


Conker posted...


I get a hunch and go off instinct but fuck up the long haul.

I bought Netflix at $78 in 2016, bought Tesla for $250 ($50 after the split) in early 2019, sold fall 2019. Just felt like theyd do good.

Again, sold after making a little but literally weeks or days before they skyrocketed.

Let us know the next time you have a hunch and decide sell it :)

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Jagr_68
02/10/21 6:12:43 PM
#446:


CableZL posted...
Still, though, if you're paying taxes on gains, that means you made money you wouldn't have had otherwise.

Ehhhh I guess. I hoped for more as a long term investment like the rest of my portfolio.

That said if APHA reaches $50 or SNDL climbs to $5-$10, I can only say I will happily pay those several Benjamins in taxes to cash out early.

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DarkProto05
02/10/21 6:15:29 PM
#447:


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

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Sexypwnstar
02/10/21 6:22:55 PM
#448:


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#449
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BignutzisBack
02/10/21 6:25:38 PM
#450:


Let's say I make a good gain on a stock and sell it, I then use the gains to invest in something that bombs, this happens to me a bunch over the course of a year. Is that a situation where I would get absolutely destroyed by capital gains taxes with no reserves to pay?

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#451
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Sexypwnstar
02/10/21 6:28:11 PM
#452:


BignutzisBack posted...
Let's say I make a good gain on a stock and sell it, I then use the gains to invest in something that bombs, this happens to me a bunch over the course of a year. Is that a situation where I would get absolutely destroyed by capital gains taxes with no reserves to pay?

No, that's not how taxes work. Stocks <1 year are just treated as income and your total income will be taxed accordingly into whatever bracket you are in.

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