Board 8 > Stock Topic 7

(+) Yeah! (+)

Found an explainer on yesterday's bank stonks activity:

https://www.barrons.com/articles/bank-stocks-are-falling-because-the-fed-has-capped-their-dividends-and-suspended-buybacks-51593119624

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All my stocks are super red today except one

Up $30

Hail rocket ship ATHX

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I did potentially do something stupid and bought into ZOM based on momentum based on some report and the fact it has momentum today of all days

2200 shares

Currently +$27. Gonna hold a while though. Feel like this stock could go nuts and double but maybe I'm gonna be stuck holding a heavy bag.

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Dunno what to put my BAC moneys into, got 600 sitting around just gonna delete my app and wait to become a thousandaire

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I bought $1,100 in AXP this morning and I just saw that next week is their dividend date. I'm excited to get my first dividend of $5.16. It isn't much, but I guess this is what happens when you invest in a company that is actually turning a profit lol.

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Getting burned so badly by LK

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From the LK IPO filing (emphasis added):

Based on the initial public offering price of US$17 per ADS, these Class B ordinary shares will constitute approximately 84.33% of our total issued and outstanding share capital and 98.18% of the aggregate voting power of our total issued and outstanding share capital immediately upon the completion of this offering

Class B shares are held by insiders. So basically, if you own the regular stock, you have effectively no voice in how the company is run. You can't vote out the board, even if 100% of shareholders who bought the stock agree. At this point, it's looking like we might not ever get honest financial information or dividends. I think the business could be worth $20/share but if the same management that has already committed fraud just never releases financials and never pays dividends, shareholders might never get a dime. Instead of paying dividends, they can just pay the insiders exorbitant "salaries" or give them "loans" and with their 98% voting power, it'll pass.

As long as they were going to remain US-listed they were going to need to maintain minimum standards but I wouldn't count on China to protect shareholders, especially when they know most of the people who bought the common stock are Americans.

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Panicked and got out at break even lol

Should have taken my $27.

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Logan you still holding the bag on chinese coffee

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No I sold my Chinese Coffee (what I had after it was free) when it was at $2.90

Made around $600 from the stock in total.

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You're a brave man

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Think I'm just going to hold my $550 that isn't invested a bit. I feel like with Florida, Arizona, Texas, California all surging we're going to see another crash real soon. I wanna have this available to drop on MFA when it hits $0.37 again.

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Yeah I'm waiting on the crash, not looking at my portfolio, what's the point

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Well I dont think we will hit a crash, but travel, yeah its crashing and it ain't stopping any time soon

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Honestly wanna buy Peloton, I feel like it's probably a really good investment but I've also missed the big gains

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Damn Lopen, you did all that and made nothing off LK!? How many shares were you in for after selling half? Surely if you cashed out in the fours you were gonna make stacks, right?

I got out of BIOC today for another grand lost so I could get more into ATHX, which I still haven't done. But yeah, I'm done playing penny stocks for a long ass time now that I've been burned so much (even though I actually believe Biocept has decent potential, I think the upside is clearly way higher with Athersys so I'm okay cutting my losses). But I've learned my lesson the hard way and you guys were right. If I ever try trading worthless penny stocks it won't be until I have a real strategy for entering and exiting and generally knowing what the fuck I'm doing, not hoping for a get rich quick scheme. Trying to force luck is the dumbest thing I've done yet in my trading career. The 8500 I made off LK was pure luck (I think it shot up the very next day after I made a position?) and not me trying to force anything, now trying to get lucky again has caused me to lose most of that. So silly.

Account value is now around 18k :( Though 9k of that is from AVCT being so low, so that can put me back to 30k all on its own in time, I hope. That number is kinda depressing, but I'll be patient and trade smarter. And I guess I still shouldn't be upset since I started with 10k.

Shit I posted all of that and forgot I'm still in XELA

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Also I guess ATHX is a penny stock itself! But Lopen says it doesn't count, so I'm gonna agree

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Well at least you're up

My personal opinion (and I feel I'm the only one that's saying it?? (It being to stay out of penny stocks) is I would just sell out because you're still up alot and you can make alot more than actual gambles

Like buy some AAPL, AMZN, etc. I feel you because I also work a shitty job, but high risk stocks can really screw you.

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Final disclosure: I honestly know nothing about any stock you've discussed, (avct, atxh etc) so if you truly believe in it, just let it ride! But yeah


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Blur, it could be a good thing in the long run that you hit some downward variance now. You hit home runs with your first 2 stocks, and when it starts off so good, it's way too easy to start thinking that trading is easy and upping the stakes. Then comes a disaster that wipes out previous gains because the stake was so much higher. But you still have an 80% gain, which is what the market typically gains in about 6 years, and now you know how volatile things can be.


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greengravy294 posted...

Final disclosure: I honestly know nothing about any stock you've discussed, (avct, atxh etc) so if you truly believe in it, just let it ride! But yeah

Well all the best trades I've made have come from you guys, so I believe in those stocks more thanks to that! Yeah, everything went wrong after I chased AVCT and started trading emotionally. Just had the whole mindset of "I have to make my money back from that now" (not that I pulled out or anything and I do feel fine letting it ride). But I wanted to play smaller stocks while my big money was tied up in that and it just caused nothing but pain. Like 4 for 4 losses. 5 for 5 counting TLRD.

Fuck AVCT just keeps dropping too. Account value under 17k now blah. At this point it's headed back to the 2s and I may as well average down or something.

Lopen, were you being facetious about ATHX potentially being a $15 stock in the future or do you actually believe that? And I may actually be given a second chance to enter it sub 2.50 too!


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red sox 777 posted...

Blur, it could be a good thing in the long run that you hit some downward variance now. You hit home runs with your first 2 stocks, and when it starts off so good, it's way too easy to start thinking that trading is easy and upping the stakes. Then comes a disaster that wipes out previous gains because the stake was so much higher. But you still have an 80% gain, which is what the market typically gains in about 6 years, and now you know how volatile things can be.

The most positive perspective I've put on this whole thing is this: holy shit am I lucky all my money was tied up in AVCT, because otherwise I would have done something VERY stupid and put way too much down on another penny stock. Yeah, I sort of am grateful for getting burned now and learning this way.

Funny enough LK and GNUS were after almost 2 months of smaller trading for 1.5k profit. You probably just meant my first two huge stock gains though, not first two period. I started incredibly conservative, putting like a grand in my account and into BAC. Once I saw how much I could make just buying in the 20s and selling around 24 (which it ran multiple times) I got more comfortable putting a lot more money in my account til I was eventually 10 grand deep. And I was still playing safe until GNUS came along and lured me to the dark side of trading.

Sigh, I guess it was inevitable.

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StartTheMachine posted...

The most positive perspective I've put on this whole thing is this: holy shit am I lucky all my money was tied up in AVCT, because otherwise I would have done something VERY stupid and put way too much down on another penny stock. Yeah, I sort of am grateful for getting burned now and learning this way.

Funny enough LK and GNUS were after almost 2 months of smaller trading for 1.5k profit. You probably just meant my first two huge stock gains though, not first two period. I started incredibly conservative, putting like a grand in my account and into BAC. Once I saw how much I could make just buying in the 20s and selling around 24 (which it ran multiple times) I got more comfortable putting a lot more money in my account til I was eventually 10 grand deep. And I was still playing safe until GNUS came along and lured me to the dark side of trading.

Sigh, I guess it was inevitable.

Well, first two forays in plunging into high risk stocks then.

I think variance is something that is very hard for humans to understand, so hard that it's basically impossible to really understand it intuitively until you've experienced it. Winning big, winning a little, losing a little, and losing big are all part of it but people can't really conceptualize variance as the sum of 4 different experiences so they try to conceptualize it as the average of them instead. But the problem is the average of them does not feel anything like variance.

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Man, the market is getting murdered today and this week. -700 for the Dow for today now.

I am kind of optimistic for the future because the market is forward-looking and usually moves before the news. For instance, the market ran up very far before the great news about the best-of-all-time jobs report for May and peaked just 3 days after the report came out. In March, the market did most of its plunging before most states issued stay at home orders, and in fact the bottom came just 3 days after NY issued its stay home order. So, the market at this point is probably already expecting the coronavirus second wave to continue increasing exponentially. The country is aware of the problem now and Texas just put its reopening on pause - so maybe we are near a bottom.

That said, wouldn't be shocked if Monday was a -2000 panic day.

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redsox is absolutely very correct about variance, imo

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StartTheMachine posted...

Just had the whole mindset of "I have to make my money back from that now" (not that I pulled out or anything and I do feel fine letting it ride

I feel this, for what it's worth. I bought GNUS at 10, didnt put a stop in, and didn't sell at 11.50

I got off the stock like a rat at 6.5 or so. Sometimes you just gotta look at it objectively. I have no clue why AVCT had a big rise. I would have bought it because of momentum for sure. But this has negative momentum. So I'd recommend you to do your DD on it and see if you just wanna liquidate it. I sincerely know nothing about this company besides it does cloud computing. It might be good in 2 years or the technology could be complete vaporware?

What I say from a perspective of not holding some stocks I'd recommend holding: they are established brands and are "too big to fail". Like amazon. Do you think amazon will lose value or keep eating up other companies? Etc. Personally I'd be okay with being up 8k and just put it into stuff everyone buys. People buy apple phones all the time...etc. I personally believe some companies are "too big to fail" so the ATH of today will be 10% less than the ATH in a year.

Just my perspective here. You certainly can make a LOT more money on risks but yeah...

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StartTheMachine posted...

Damn Lopen, you did all that and made nothing off LK!? How many shares were you in for after selling half? Surely if you cashed out in the fours you were gonna make stacks, right?

ATHX is the only stock I have much money in, and even that is only 2k. I've made some bad decisions so I'm not playing with big money like a lot of you. My portfolio is only around 5k total.

LK I only invested like $700 in to make that gain so it was a pretty good return. Hedging and not selling all when it was at around the double point limited my gains a bit.

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greengravy294 posted...

I feel this, for what it's worth. I bought GNUS at 10, didnt put a stop in, and didn't sell at 11.50

I got off the stock like a rat at 6.5 or so. Sometimes you just gotta look at it objectively. I have no clue why AVCT had a big rise. I would have bought it because of momentum for sure. But this has negative momentum. So I'd recommend you to do your DD on it and see if you just wanna liquidate it. I sincerely know nothing about this company besides it does cloud computing. It might be good in 2 years or the technology could be complete vaporware?

What I say from a perspective of not holding some stocks I'd recommend holding: they are established brands and are "too big to fail". Like amazon. Do you think amazon will lose value or keep eating up other companies? Etc. Personally I'd be okay with being up 8k and just put it into stuff everyone buys. People buy apple phones all the time...etc. I personally believe some companies are "too big to fail" so the ATH of today will be 10% less than the ATH in a year.

Just my perspective here. You certainly can make a LOT more money on risks but yeah...

AVCT signed a huge deal with AT&T and were $10 pre-Covid, so I feel like the risk is actually very little with them. Most things soaring pre-Covid should recover in in the long run, I think, so there's still huge potential returns on the market in the coming years. I'm thinking AAL will be a great play but I'm not touching that for now (not that I have the money too). All I need AVCT to hit is 5.39 to break even. If I don't average down anyway, which I'm thinking of doing at some point.

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I bought 10 shares of LK. Just curious about how Robinhood interacts with delisted stuff and such.

When it explodes back up to $50 a share I'll make $500 from this play.

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Can't resist that corrupt coffee huh

Also guys the real moral of my story is that stocktwits is the place your money goes to die. I started believing in hyped up stocks on that cesspool not realizing the place is fucking loaded with pumpers and scammers and sadly sheep like me who follow them to the slaughter.

Now that I know how the game works though it makes me super interested in learning how to short penny stocks. If I started doing that I'd short a single share at a time though to learn and even if I got good at it probably make a second account with limited funds in it to do it.

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IMO stocktwits can be useful for learning things about a stock but you have to fact check everything and completely ignore anything that isn't factual so it can be dangerous.

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Lopen posted...

IMO stocktwits can be useful for learning things about a stock but you have to fact check everything and completely ignore anything that isn't factual so it can be dangerous.

Moon moon rocket ship rocket ship

But yeah, it is useful to learn when ER and PR dates are coming up and whatnot.


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Yeah

Just ignore their speculation on stuff and be sure to confirm everything they say

My favorite was earlier today I was looking at it for ZOM and they were saying Jim Cramer was high on ZOM because he made a sacrcastic tweet where he listed it as one of his favorite pharma companies (with three well established names)

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Where's the best place to stay up on earnings reports?

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Been on vacation. I am seriously starting to worry AAL is going to go bankrupt.

Am I better off selling my $7500 hit and reinvesting in the other airlines at this point? Or should I just be patient and hope AAL rebounds back to $18 ever?

AAL will be fine.

Not sure why you bought at 18 though.

i come from the future, where americans fly on airplanes, and go on vacations too

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I think there is an advantage to holding DAL over AAL, but now that the AAL price has come down so much more in the past couple weeks, the advantage should be smaller than it was. DAL is currently trading at 43.38% of its pre-Covid high, and AAL is trading at 40.63% of its pre-Covid high. Only a small difference in favor of DAL and until a couple days ago AAL was actually higher.

Meanwhile, DAL issued bonds recently at 7.375% interest while AAL issued bonds at 11.75% interest. That's nearly 60% higher. So the risk of bankruptcy for AAL should be a lot higher according to the bond market, but it's only slightly higher according to the stock market.

That said, buying in at the top and panic selling after it's dropped a lot is generally not a good way to invest. If you were comfortable with AAL at $18 why are you doubting it at $12? What's changed? Well, the second wave of coronavirus arrived - but is that a big enough reason given the huge drop?

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I dont know. I just feel bad being down 35%.

Im also afraid itll bankrupt or never go above $15.

Yeah buy DAL or LUV if you want an airline with less risk than AAL. But DAL will need to rise to around $40 for you to make back what you lost on AAL.

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I'd keep it man, AAL will totally be fine, it just could be quite a long time. They'll get more bailout money if they get desperate and need it. Never doubt the power of corporate America.

So apparently AVCT has PR coming out next week rumored to be very promising. Can't imagine it not being with everything they've got going on. I was ready to wait for months, but maybe redemption time is closer than I thought. Chris, you got a PT on this bad boy incase it does skyrocket again like it did a few weeks ago? I think you said you weren't selling until it reached the pre-Covid levels?

So many tech stocks seem to have topped their pre-Covid levels. I'm very eager now, but will stay patient if the ride takes longer.

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If I believed in shorting, I'd short ERI. I see bankruptcy in the future after they merge with CZR and take on its dizzying debts, and don't think Congress is going to want to bail out a casino conglomerate. I don't see how WYNN is down 37% from June 8 while ERI is down less than 20%.

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Don't sleep on ALK as an airline option - it has a sturdy balance sheet, a much higher ceiling than LUV despite a similar share price at the moment, and is less affected by the Florida COVID spike due to barely having any scheduled flights there.

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The big airlines are literally in too big to fail territory. The government will not allow them to just no longer exist.

Granted, this is the fault of allowing them to merge like crazy which really, really hurt consumers and essentially made them all monopolies, but whatever.

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for those curious about the MYSTERIOUS CLOUD COMPANY:

https://foreshadowd.com/will-avc-technologies-become-discovered-after-its-first-earnings/308/

How the fuck did Chris even find this one? Literally still nobody talking about it which is just the best. Low float makes it skyrocket when the volume goes nuts. Fingers crossed for some stellar PR, management team sounds like they have a bonkers good history.

https://getyarn.io/yarn-clip/f5228537-6d63-4cc5-b68a-beb74f690ed9

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https://www.cnbc.com/2020/06/26/delta-pilots-reach-agreement-for-early-retirements-as-business-continues-to-suffer.html
This might mean bloodbath in Monday for flight stocks (including BA which I have a small amount of, so fuck me)
What I don't understand is...
A FUTURE furlough? what were they doing so far?

Also, two years? isn't this too extreme?
I hate to admit it but it seems like Buffet is going to be right after all

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Nanis23 posted...

https://www.cnbc.com/2020/06/26/delta-pilots-reach-agreement-for-early-retirements-as-business-continues-to-suffer.html
This might mean bloodbath in Monday for flight stocks (including BA which I have a small amount of, so fuck me)
What I don't understand is...
A FUTURE furlough? what were they doing so far?

Also, two years? isn't this too extreme?
I hate to admit it but it seems like Buffet is going to be right after all

This is all expected. We've known this would happen for months. It's a future furlough because there hasn't been a furlough so far because of the government bailout.

The CLOUD stock has another weird situation right now. Check this:

https://www.tradingview.com/symbols/NASDAQ-AVCT/

And now Google the ticker. It's showing a very different chart. It's suddenly saying from April 8 to May 29, this year, the stock was trading in the 50s. Pretty damn sure I owned shares during May and it most certainly wasn't. Did Google replace AVCT stock with Pensare stock? Googling Pensare stock now comes up with AVCT's stock, and the dates match - the reverse merger was completed on April 7. Wonder how this will effect newly interested traders if Google retains that chart.

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