Board 8 > Stock Topic 7

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greengravy294
07/06/20 12:35:04 PM
#301:


We can share big brain plans too

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Lopen
07/06/20 12:42:35 PM
#302:


SOLO entering hyperdrive. C'mon hit my double point need another free stock.

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Lopen
07/06/20 1:27:43 PM
#303:


Past $6 when I mentioned it at $4.50

But it's not too late guys! SOLO has only begun to swell as I rapidly approach doubling point.

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neonreaper
07/06/20 1:29:23 PM
#304:


I bought 1500 bucks at 5.40 so thanks

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Menji
07/06/20 1:30:55 PM
#305:


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neonreaper
07/06/20 1:34:39 PM
#306:


Whats the story with SOLO anyway I just put money in without any thought whatsoever

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Lopen
07/06/20 1:36:23 PM
#307:


I may get a bit greedy and hold a bit past doubling, maybe put a stop loss at that when we get past ($6.60 ftr).

I really like the growth on this one it doesn't feel like a pump and dump. Also I read if a stock breaks $5 that's when the big names start really looking at em so this is a good time to hold.

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Lopen
07/06/20 1:44:21 PM
#308:


neonreaper posted...
Whats the story with SOLO anyway I just put money in without any thought whatsoever

All I know is they're an electric vehicle maker that has had good growth lately and electric vehicles are the fad and all. I didn't dig too hard. I know they're opening plants in Arizona and Oregon.

They did a 20 million offering at the beginning of June at $3 per share so no real risk of tanking from that for a while, if they even need one. I believe they're getting close to actually producing cars so they should have an actual profit margin soon. I'm thinking hype should carry them into the double digits though looking at what WKHS did recently. Growth pattern seems to fit. Not really a pump and dump type look with this.

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neonreaper
07/06/20 1:46:25 PM
#309:


I daytraded out 5.80 - I gotta pay some dental bills and this made my root canal free. So thanks!

im selling most of my stuff ahead of earnings and gonna by a few more Amazon I think

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Lopen
07/06/20 1:49:52 PM
#310:


That being said they're one person vehicles so like, I think the ceiling is a lot lower than TSLA (obviously) and probably even a bit lower than WKHS (who does delivery truck type stuff). I'm probably gonna sell most of my stake at around $8. Make the buy free with a modest profit, and if it explodes gain a bit more from what I don't sell

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red sox 777
07/06/20 1:54:18 PM
#311:


I'm looking to get in on CNK - Cinemark. Might be time to get in on theaters, and it seems the bankruptcy risk is lower than AMC. If AMC does go bankrupt it should boost Cinemark when the audiences come back.

The trouble is, I don't really want to sell anything I have right now. The plan was to sell some of my DAL shares once it went up a bit since at 38% of my portfolio, it's probably too much invested in a single stock, but I don't really want to sell any shares at $28.

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Lopen
07/06/20 1:56:20 PM
#312:


Menji posted...
in

Stay strong. I know it's tanked since you bought (maybe? Not sure when you got in) but I'm sure it'll go up again tomorrow even if $6 may have been the peak for today.

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masterplum
07/06/20 2:50:54 PM
#313:


red sox 777 posted...
I'm looking to get in on CNK - Cinemark. Might be time to get in on theaters, and it seems the bankruptcy risk is lower than AMC. If AMC does go bankrupt it should boost Cinemark when the audiences come back.

The trouble is, I don't really want to sell anything I have right now. The plan was to sell some of my DAL shares once it went up a bit since at 38% of my portfolio, it's probably too much invested in a single stock, but I don't really want to sell any shares at $28.

My concern is if AMC does go bankrupt its going to drag down the entire sector by spooking people.

if that happens then I think we buy


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masterplum
07/06/20 2:55:20 PM
#314:


Im just not interested in SOLO. I think the electric vehicle market is in a bubble, and they are in the category of companies making no money currently.

Its got to be one or the other for me, either a sector I like or a company I like.

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Lopen
07/06/20 3:08:07 PM
#315:


I see SOLO as a fairly short term hold. I am not gonna keep most of my shares once it gets high enough. But I think it could surge hard out of nowhere so I don't really wanna day trade it either.

That being said it's testing me pretty hard. Do I just get my $300 and run or do I go down with the ship hoping that it'll become +$1000 tomorrow.

I'm holding strong to my conviction and calling for a series of steady growths until ~$10 but it is plunging hard now.

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red sox 777
07/06/20 4:15:34 PM
#316:


This time the market (including travel stocks) came back strongly in the afternoon. Good to see a strong green day end strongly in the green.

Although, I just checked and VIX also ended up slightly today. Welp. Might be time to sell everything.

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Moonroof
07/06/20 4:26:52 PM
#317:


Finally AAL had a green day. Just need about twenty more of them. I want to get into a tech stock or two but theyre all at their all-time highs so Im skeptical.
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StartTheMachine
07/06/20 4:33:18 PM
#318:


A price target was released for SOLO at $4 so that's probably bringing it down. But the EV bubble is crazy right now, I definitely want to ride this one short term as well. If it dips to 4.50 - 4 AH I'm in.

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Nelson_Mandela
07/06/20 4:40:12 PM
#319:


Moonroof posted...
Finally AAL had a green day. Just need about twenty more of them. I want to get into a tech stock or two but theyre all at their all-time highs so Im skeptical.
Why are you investing in AAL of all things hoping for a quick return? Just set it and forget it for a year or two and you'll have a nice steady rise.

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Moonroof
07/06/20 4:46:00 PM
#320:


I invested back before the second wave.
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red sox 777
07/06/20 5:02:52 PM
#321:


I hope this doesn't come off as harsh but I am sort of mystified by your AAL trade. AAL fell below $11/share on March 19. It rose above $11/share on June 1. In the interim, it traded as high as $15 and as low as $9 but spent most of the time under $11. The point is, without needing much luck in timing at all, you had 2 and a half months to buy AAL below $11, in which case you would have a 15%+ profit now. If you had bought it at $9 you'd have more than 40% profit but that would have required some significantly good luck in timing the bottom.

AAL then ran from $11 to $20 in literally 5 trading days the first week of June on zero industry-specific news and then you bought in. What's the logic for not buying at $11 and then buying at $18?

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Moonroof
07/06/20 5:13:46 PM
#322:


Theres really no defending it. But I didnt buy earlier because I was skeptical of the airline industry as a whole, and when it jumped like crazy last month I believed that it survived its darkest times and was poised to return to its pre-virus numbers. Thats why I invested in it at that time, I was planning to hold it for a moderate gain. I just didnt expect it to drop so suddenly and harshly.
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Nelson_Mandela
07/06/20 5:29:42 PM
#323:


Moonroof posted...
Theres really no defending it. But I didnt buy earlier because I was skeptical of the airline industry as a whole, and when it jumped like crazy last month I believed that it survived its darkest times and was poised to return to its pre-virus numbers. Thats why I invested in it at that time, I was planning to hold it for a moderate gain. I just didnt expect it to drop so suddenly and harshly.
Why not just wait a year when you're virtually guaranteed a 50% return, minimum? I get that it's tempting to see people bragging about their 400% daily returns, but have some patience! =)

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Moonroof
07/06/20 5:30:18 PM
#324:


Im nervous that it never grows and forever stays between $11-$15.
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barreldragon88
07/06/20 5:38:48 PM
#325:


It won't, so you can stop worrying about it. "Forever" will not be long-term

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Moonroof
07/06/20 5:51:25 PM
#326:


Cool.

Im trying to think about what to get into next. I usually wait for red days though.
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DoomTheGyarados
07/06/20 6:14:06 PM
#327:


I made out like a bandit early on and now my position in AAL is close to 14 dollars I dont even check it daily any more. I moved on to worrying about my business.

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Lopen
07/06/20 6:49:00 PM
#328:


When airlines tank again with the second wave remember this lesson well.

They will come back, so just invest hard and have no fear.

That being said I feel like AAL is the riskiest of the major four (they're all too big to fail but I'd call that one the smallest so if any of them actually do it'd be it) so if I had big money I'd put it in UAL (or split between all four of the big airlines/boeing)

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Nelson_Mandela
07/06/20 7:06:42 PM
#329:


Lopen posted...
(or split between all four of the big airlines/boeing)
This is how daddy's getting the deposit for his house ;)

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red sox 777
07/06/20 8:19:06 PM
#330:


TSA numbers for the July 4 weekend (and week over week percentage change):

July 2 (Thursday): 764,761 (+22.63%)
July 3 (Friday): 718,988 (+13.59%)
July 4 (Saturday): 466,669 (-14.58%)
July 5 (Sunday): 732,123 (+15.51%)

Those are the highest numbers since March. I think with the airlines, realistically they are either going up (if there is no bankruptcy) or down (if they go bankrupt). It's hard for them to stay at current levels.

We are lucky to have a President and Congress who themselves fly every week, and therefore see flying as an absolutely essential basic need. Although AAL is probably the weakest airline and sometimes the government lets the weakest company in the group fail to try to encourage some level of fiscal prudence in the future. They let Bear Stearns and Lehman Brothers fail, and they only saved GM after all the shareholders got wiped out.

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Moonroof
07/06/20 8:51:33 PM
#331:


If a vaccine comes out or the death numbers dont increase, the airlines should be able to go up.
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Nelson_Mandela
07/06/20 9:12:30 PM
#332:


Moonroof posted...
If a vaccine comes out or the death numbers dont increase, the airlines should be able to go up.
The amount of weddings, vacations, etc. etc. postponed until next year is going to make 2021 the most traveled year in history by far. I feel confident that AAL will be trading at $30 by next July.

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Moonroof
07/06/20 9:14:32 PM
#333:


Well that assumes the virus is wreaking havoc anymore.
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Nelson_Mandela
07/06/20 9:26:21 PM
#334:


Moonroof posted...
Well that assumes the virus is wreaking havoc anymore.
The US is basically at herd immunity at this point and a vaccine will be out this year. The market knows.

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red sox 777
07/06/20 9:30:23 PM
#335:


This is where opportunity comes from. If people weren't afraid of the virus sticking around, the airlines would already be trading much higher and this opportunity for profit wouldn't exist. Other people's fear = your opportunity.

I do think you should consider diversifying your airline holdings to include some of the other airlines. AAL's interest rate on its debt is approaching credit card levels.

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Moonroof
07/06/20 9:35:56 PM
#336:


Its not like I can take out the money I have in AAL and put it into other airlines. Id lose $7k. And Im not going to put additional money into different airlines, I reckon Ill have better gains by picking other stocks.
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Lopen
07/06/20 9:38:14 PM
#337:


I'm just saying if they all tank again (and I think they will), hold strong with AAL and put more money into the other options.

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Moonroof
07/06/20 9:49:37 PM
#338:


Cool. Well i hope they all dont tank again but its reassuring to hear that others are optimistic about their bounce back.
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masterplum
07/06/20 10:09:59 PM
#339:


So Ive been thinking.

with classes at universities going online I think theres going to be a pretty big hit to expenditures by college students.

how do we make money on that

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masterplum
07/06/20 10:41:44 PM
#340:


Someone tell me why this isnt a sure thing before I try to throw all the money at it.

There is zero percent chance bed bath and beyond beats earnings enough to moon right?



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Moonroof
07/06/20 10:43:01 PM
#341:


That is literally a foreign language to me.
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red sox 777
07/06/20 10:50:28 PM
#342:


Is there a graph of how much money you make/lose at each price point of the underlying stock?

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barreldragon88
07/06/20 11:57:24 PM
#343:


Moonroof posted...
That is literally a foreign language to me.
Same. It all feels too risky for me

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Menji
07/07/20 1:00:52 AM
#344:


I need to sit down one weekend to learn it, but until then not touching it.

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red sox 777
07/07/20 1:38:48 AM
#345:


So do I have this right- if BBBY goes above $12.50, both puts expire worthless and you lose the net premium of $110. If BBBY stays below $11, the put you bought is worth $150 more than the put you sold, so you make $150 - $110 = $40. If BBBY is between $11 and $12.50, your profits linearly decline from $40 at $11 to a loss of $110 at $12.50. The breakeven point is $11.40.

I have no idea really if that's a good trade. For a retailer with a stock price around $11, I don't think the earnings report would have to be very good for the stock to moon.


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red sox 777
07/07/20 1:52:00 AM
#346:


The one thing that sticks out to me as someone who doesn't trade options and knows very little about BBBY is that the spread between the bid and ask on that looks quite large. Is a 20% gap between the bid and ask a normal thing for a put spread like this?

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red13n
07/07/20 2:16:23 AM
#347:


masterplum posted...
with classes at universities going online I think theres going to be a pretty big hit to expenditures by college students.

students spend most of their money at their university. I wouldn't consider them big drivers of the economy.

Now, without housing costs, their parents are going to have more disposable income.

Wouldn't expect this to translate to the market much at all though.

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masterplum
07/07/20 7:04:51 AM
#348:


red sox 777 posted...
The one thing that sticks out to me as someone who doesn't trade options and knows very little about BBBY is that the spread between the bid and ask on that looks quite large. Is a 20% gap between the bid and ask a normal thing for a put spread like this?

Yeah option spreads can get huge, especially for options that are far out or in the money. Also consider that because this is a spread it really is two simultaneous options so the spreads add on to each other.

usually its kind of a game to see if you can get a trade in the middle.

i think I would offer $1 per contract

so my break even after commission would be $11.47. If the stock ends below that I make money, above that I lose money.

but that just feels like a massive gulf from where the stock currently is if it is priced appropriately.

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masterplum
07/07/20 9:48:01 AM
#349:


LETS SEE IF IT WORKS OUT

BBBY dropped so I had to pull the trigger at a lower spread but I think Im still safe. Bought 20 contracts

stay below $10.50 by Friday please. If it does I make $1000

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masterplum
07/07/20 9:56:20 AM
#350:


Immediately rockets up

oh boy

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