Current Events > Stock Market General #22

(+) Yeah! (+)

C6Driver posted...

This is literally like the only stock with something of a pulse in my PS watchlist . I'll do some dd & look into it.

That was earlier, this is now.


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I only have $20 bucks invested in NSAV, so it will be fun to see where 20 can take me.

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Conker posted...

Feb 1st: Sold 90 shares of QS (kept 10) to payoff a couple things, same day I didnt sell off AMC when it crashed back to earf.

Now that QS would be up around $2400. FML.

I chose wrong per usual (tbf, I wanted to sell AMC on Friday Jan 29th but I couldnt cuz I had to buy the calls back, but I still should have just set limits for the next Monday).

No one goes broke taking profits.

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Ex-Kefiroth posted...

This is why I don't put real money in meme/penny stocks.

I don't think there's anything special about ENZC when just about every penny stock under the sun is/was up hundreds of percent over the past 2 months for no reason at all other than irrational exuberance.

You did well if you got in early and sold at the right time, but it was always a bubble.

If you just ignore the DD then yeah that makes sense


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I'm taking my $7k profit on ENZC and putting it back into SLVO to increase my monthly dividend payout. I think I made the decision too late to get that put into this month's dividend payout, but it'll go into next months. I'm OK with that.

Holding HCMC still, at least until after the lawsuit happens in a couple weeks.

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CableZL posted...

I'm taking my $7k profit on ENZC and putting it back into SLVO to increase my monthly dividend payout. I think I made the decision too late to get that put into this month's dividend payout, but it'll go into next months. I'm OK with that.

Holding HCMC still, at least until after the lawsuit happens in a couple weeks.

i just sold half my HCMC to buy more ENZC

ENZC def seems like a better hold than HCMC imo. I dont think HCMC will be much return in the long run, their market cap just seems so high, so Im taking some profits there

of course I am not a financial advisor, just a degenerate gambler

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jeffhardyb0yz posted...

so youre selling off enzc? Dont wanna hear possible regret from anyone a few weeks from now lol

Yeah, it's looking like I'm gonna have a pretty big tax bill from my gains from last year and this will make it easier to pay. I'm probably looking at somewhere between owing $1100 to $1500. If it weren't for that, I would hold, but I'm gonna buy back in slowly over time.

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So we're saying ENZC is a bust now?

*left holding the bag*

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TheGoldenEel posted...

i just sold half my HCMC to buy more ENZC

ENZC def seems like a better hold than HCMC imo. I dont think HCMC will be much return in the long run, their market cap just seems so high, so Im taking some profits there

of course I am not a financial advisor, just a degenerate gambler

Yeah, I'm looking at getting out of HCMC, too, but I'm probably going to buy back into ENZC over time. I have some short term financial needs that the dividends from SLVO will help with. After I get that straightened out, I'm gonna buy back into ENZC.

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heatmon930 posted...

So we're saying ENZC is a bust now?

*left holding the bag*

I'm not saying that at all. I just have stuff I need to pay for in the next few months and selling ENZC now and putting the proceeds into SLVO helps with that.

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heatmon930 posted...

So we're saying ENZC is a bust now?

*left holding the bag*

Im holding. Theres no bad news causing the dips and everything else is dipping too so Im not worried about it.

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So what happened to WMT? Is them raising minimum wage supposed to be bad? Or it just a red day?

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heatmon930 posted...

So we're saying ENZC is a bust now?

*left holding the bag*

Not if they cure AIDS, but penny stocks are always a gamble. Especially drug companies like EZNC who will just disappear if they don't get proper approval on their drugs, or the drugs simply don't work as promised. But a lot of people here bought in when it was under a cent so they're still up massively. Not a bad investment at all.
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CableZL posted...

Holding HCMC still, at least until after the lawsuit happens in a couple weeks.

That lawsuit is next Friday, the 26th.

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Im getting murdered by ENZC lol. Time to buy some moar

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jeffhardyb0yz posted...

damn bro, why not sell of HCMC rather than ENZC? Will your tax bill kill most of your HCMC shares?

The only reason I'm holding HCMC right now is to wait for the results of the lawsuit and see what happens with that.

The past few weeks has taught me that I don't have the patience for gambling on penny stocks, lol.

• Chased the HCMC run up way too high
• Refreshing Etrade waaayyyy too much throughout the day just to watch the price change on ENZC, CELZ, and HCMC

I realize the stock may go up in the future, but I'm good with my $7k profit. I'm most likely going to go back to putting most of my money in VTSAX and SLVO. I'll likely put a little bit back into ENZC here and there as time goes on, but I want VTSAX and SLVO to be the biggest portions of my portfolio for now.

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I'm also still holding TSLA because they're expanding into Germany and India. I'm thinking that stock has some strong long term growth potential.

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Ex-Kefiroth posted...

This is why I don't put real money in meme/penny stocks.

I don't think there's anything special about ENZC when just about every penny stock under the sun is/was up hundreds of percent over the past 2 months for no reason at all other than irrational exuberance.

You did well if you got in early and sold at the right time, but it was always a bubble.

If one is only risking up to 10% of their portfolio on them I dont see any issue with it. You dont blow up account if they go to zero. And I imagine most probably put stop losses up to 50% on them.

Hitting big on those stocks under $5 has helped me double my account in the last month. That would not have happened if I put it in an ETF or the so called "safe stocks". Many of which are down today.

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Tired-Insomniac posted...

That meme is my life

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"He almost turned $50k into $50 million. That's what I call some Deep you know what Value"

Lol, fucking love this
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stonk go down = MUST BE A PUMP A DN DUMP

lol great stuff

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I bought some more ENZC >_>

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CCIV holder thoughts?

You guys still holding it through to the merger or whatever it is called?

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i'm going to hold my 5 shares

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Lebronwon posted...

CCIV holder thoughts?

You guys still holding it through to the merger or whatever it is called?

Yeah, I'm holding CCIV. I'm trying to hold onto electric vehicle stocks that I think are promising.

• TSLA - Currently expanding into Germany and India. There was also some good press recently in Texas about the Tesla Power Wall keeping homes powered through the outages this week. I don't think that news is very widespread yet, though
• CCIV - Possible merger or whatever with Lucid Motors
• NIO - Delivering cars in China

My general criteria for EV stocks (or possible EV stocks) is to wait until they actually start delivering cars, but I decided to put a few shares into CCIV any way. It has worked out well so far.

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Tired-Insomniac posted...

Im holding. Theres no bad news causing the dips and everything else is dipping too so Im not worried about it.

You're right about that, but ENZC is falling much harder than the others which is why I'm questioning it.

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DarkProto05 posted...

You're right about that, but ENZC is falling much harder than the others which is why I'm questioning it.

to be fair it also rose much faster than the others

went from like .17 to .95 in what, 6 trading sessions?


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Also, I think the fact that we're on Stock Market general #22 warrants a Stock Market board, lol. Or some sort of board about finance in general. Maybe that's too risky because some may try to take on a financial advisor role improperly.

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CableZL posted...

Also, I think the fact that we're on Stock Market general #22 warrants a Stock Market board, lol. Or some sort of board about finance in general. Maybe that's too risky because some may try to take on a financial advisor role improperly.

Pretty sure we have one its just dead

yep

https://gamefaqs.gamespot.com/boards/1520-stocks

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The Trent posted...

stonk go down = MUST BE A PUMP A DN DUMP

lol great stuff

It would be an overreaction for regular stocks. But we're talking about unproven penny stocks.

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Tired-Insomniac posted...

Pretty sure we have one its just dead

Ah

CE seems to be where discussions migrate to when boards die. Aren't we the most active social board these days? We used to be in competition with RI, but RI is a shell of what it once was.

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heatmon930 posted...

So we're saying ENZC is a bust now?

*left holding the bag*

You're going to need to look further into yourself on this, there will be people saying it's a pump and dump and it's best to just cut your losses now like with GME and AMC or that you should buy and hold

Extremely telling that Tenev can't say anything about ROI, not even a ballpark number, but can keep touting the $65 billion number. Should be pretty obvious that retail can't make the gains like hedge funds and RH just makes money on each transaction.

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DarkProto05 posted...

It would be an overreaction for regular stocks. But we're talking about unproven penny stocks.

the real pump and dump was the friends we made along the way

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jeffhardyb0yz posted...

To all the shaky hands leaving ENZC:

https://youtu.be/NY3yzLA-g24?t=89

I have a feeling you and I will be the only ones left at this rate

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Why are penny stocks so popular on CE...

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Damn_Underscore posted...

Why are penny stocks so popular on CE...

Part of it is the gambling aspect. The idea that you can buy in super low and become a millionaire.

But another part of it is that penny stocks are easier to talk about. There's not a lot of discussion around bigger hold stocks.
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ENZC was always a longer hold stock so selling now is crazy (unless you need the money)


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The Trent posted...

the real pump and dump was the friends we made along the way

Stonks only go up right.

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lilORANG posted...

Part of it is the gambling aspect. The idea that you can buy in super low and become a millionaire.

But the number of shares you have doesn't matter. All that matters is % change and how much money you invested to begin with.


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lilORANG posted...

Part of it is the gambling aspect. The idea that you can buy in super low and become a millionaire.

But another part of it is that penny stocks are easier to talk about. There's not a lot of discussion around bigger hold stocks.

I also imagine its the fact that the prices of so many other shares are very intimidating for a lot of the people here

like a good chunk of people ITT probably couldnt buy a single share of TSLA if they wanted

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DarkProto05 posted...

Stonks only go up right.

no sometimes they are pumped and then dumped

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The Citadel guy is reading a script/teleprompter. You can see it in his eyes.

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