Board 8 > Stock Topic 7

(+) Yeah! (+)

Sir might I recommend you some amazon stock, it's very good

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I can't afford many Amazon shares but I do enjoy watching the single one I have go up!

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NUGT has been good still

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My fear with Amazon, and most tech companies right now, is that theyre at their all-time high and benefited heavily from covid. I feel like once covid subsides, theyll go down.

I hope we're not headed toward corpocracy where a handful of corporations control the country.

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Weve been living in that.

Meanwhile amazon is going to keep going up and you'll feel sad

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Made my $700 from SOLO and been trying to short it (sorry Lopen) ever since, but Ameritrade won't let me! I guess there's no shares available to short. Already dropped 20 cents since I've been trying. Lame. I could've made more money on the downswing than on the upswing.

GL to SOLO holders. Time to jump in LCA, methinks.

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Well me holding Solo has had nothing to do with expecting good things out of the meeting per se that was just a thing that was happening

I think I'll hold but I've got a stop loss lined up in case people overreact to an uneventful meeting

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Sold 140 shares at premarket and did a PUT contract for 4.50 to potentially get most of them back. We'll see how that goes.

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If I were to buy EV stock itd probably be NIO right now

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I was thinking of doing puts for SOLO too, but I threw most of my money into LCA and GAN (still long here obviously but been swinging it for modest profits and rebuying).

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I sold another PUT at the 4.50 price point I've gone mad.

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Also XELA I can feel it I was wise to not wait till it dropped to 0.43

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Yeah I was way wrong on that one! Was just going based on history but glad I got y'all on board XELA at the perfect time. Don't take anything less than a 100% gain boys.

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Wouldve loved to get in on XELA when you first mentioned it. Ive been swamped at work and will continue to be for another week or so. No time to focus on the market like I wanted.

EVRI up 16%. Resort and casinos are due for a comeback. I dont think theyre at their bottom yet though.

Another strong green day following a strong red day. Looks like SPCE popped yesterday but I was too late on getting in.

I think I'm going to get in on SPCE anyway. Usually a stock that pops like that does out as part of a bigger move, not just a one-day event. I need some diversification away from travel/reopening anyway so that not everything moves together.

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EVRI up 22% now ...

I sold a little CAR and DAL and bought some SPCE. Unfortunately it literally went up more than 1% from when I started placing the buy order and when it was executed. Oh well.

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Another winning day for pton nation lol

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Nice go pton

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Penis tonic

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My BAC and PRU stocks are up. Im gonna keep holding. Im banking on another green Monday.

EVRI 25%...wow

EVRI 33%....crazy

Anyone get in on the penis tonic stocks

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Was gonna buy a 20 dollar yolo pton 66.5 calp and it went up 450% oops

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It feels like the first day in a long time where the Dow and S&P have beat the Nasdaq.

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600% oops

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https://gamefaqs.gamespot.com/boards/8-gamefaqs-contests/78837819

Just put my nuts into PTON

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neonreaper posted...

Just put my nuts into PTON

Too bad you didnt when I told you to bro..

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Sure but I have amzn so its all good

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neonreaper posted...

Sure but I have amzn so its all good

Me too man, awesome job

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PRU and BAC wouldve made me about $1k each today but I decided to hold. Im hoping that the Financial stocks are going to start turning around and that everyone is tired of negative corona news.

How much would pton have made you

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Moonroof posted...

PRU and BAC wouldve made me about $1k each today but I decided to hold. Im hoping that the Financial stocks are going to start turning around and that everyone is tired of negative corona news.

That's probably not the right way of looking at things. Money is made when the price of the stock goes up. Money is lost when it goes down. Actually closing the position only matters for tax purposes (and again, since you only get taxed at all when you close the position and you get penalized for closing it in less than one year, it's generally better to keep it open).

Put it this way - if you had to hold a position for 30 years, would you put it in (a) some blend of stocks/funds or (b) the US dollar? You'd be crazy to choose (b) right? The last 30 years, that strategy would have lost 50% of value from inflation, and that was a period of low inflation. Meanwhile, an S&P 500 index fund is up some gigantic amount. So there should be no desire to rapidly return to the dollar. You do better by keeping more assets in stocks for longer percentages of the time. Basically only sell to buy another stock/investment or if you think there's an imminent downturn approaching.

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I didnt articulate that correctly. I meant that I bought those two earlier today / yesterday, and had I sold I wouldve made $2k total. But I decided to keep holding.

Moonroof posted...

I didnt articulate that correctly. I meant that I bought those two earlier today / yesterday, and had I sold I wouldve made $2k total. But I decided to keep holding.

I mean you already made the money. It doesn't matter whether you sold or not. You could have sold, so you made the money. Your gain just isn't taxable yet.

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But if it goes up 1% on Monday, isnt that 1% bigger when using my lesser starting value than the higher value it closed at today?

Moonroof posted...

But if it goes up 1% on Monday, isnt that 1% bigger when using my lesser starting value than the higher value it closed at today?

Yes, but you now have more money invested because your gains are already invested in the stock as well. Here's an example with simple numbers.

I use $100 to buy 10 shares of stock A on day 1. On day 2, stock A rises 100%. On day 3, stock A rises another 10%. Supposing I stay invested in stock A:

My balance after day 2: $200 (10 shares of A)
My balance after day 3: $220 (10 shares of A)

Supposing I sell half my shares on day 2:

Balance after day 2: $200 (5 shares of A + $100 cash)
Balance after day 3: $210 (5 shares of A + $100 cash)

Now either way, I'm going to see that stock A rose 10% on day 3......but if I take out half my position and put it in cash, then my portfolio only gains 5%, because I was 50% invested in an asset that produced a gain of 0% - cash.

Of course, if I used to $100 I got from selling the 5 shares to buy something else, and that thing went up 10% on day 3, I'd end up with the same amount as before - $220. That means that actually closing the position doesn't make any difference, except for taxes.

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Or, if you want to spend the money. USD is accepted everywhere but most places don't take shares of stock for payment.

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...so its good that I held

I don't know if it's good that you held, that depends on how the stocks do on Monday. I'm just saying that it's probably better not to focus on realized gains/losses, as if gains were not real until they are realized (yes, English is wrong on this regard!).

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Well Im banking on the stocks going up in the future, which is why I held.

Im heavily confused by what youre trying to say. A person shouldnt hold a stock that they expect to go up, and instead should sell it everyday it yields gains and then buy back into it?

Moonroof posted...

Im heavily confused by what youre trying to say. A person shouldnt hold a stock that they expect to go up, and instead should sell it everyday it yields gains and then buy back into it?

No they should just hold it. They should not constantly be jumping in and out.

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Maybe you should nut up and buy some real chad stocks unlike your karen bank stocks, Moonroof.

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