Board 8 > Stock Topic 7

(+) Yeah! (+)

Cruise ships, theaters, and car rental are all up big today. Airlines coming up next!

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Fingers crossed

StartTheMachine posted...

Look into XELA imho if you want to get in one early. It's a mother fucking steal and is super undervalued. Not sure when but it will be a $2 or $3 stock. Fundamentals are too strong and they're poised to blow up.

Tell me more.

Moonroof posted...

Tell me more.

Any stock that has 80% institutional investors is hard for me not to trust. That's my biggest plus for it, along with just a proven business model. They have crazy debt which is the biggest risk, but they're also expecting crazy revenue that offsets much of their debt.

Any stock this cheap will be flipped like a pancake as it has been lately, so there's plenty of good buy opportunities here when it pulls back. But I'm with the hedgefunds and going long.

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You got on SOLO I'll get on XELA. Let's go for it.

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red sox 777 posted...

Cruise ships, theaters, and car rental are all up big today. Airlines coming up next!

bring it on! hoping we see nonstop growth for the next year

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Sure. Bought 1000 XELA because why not

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Y'all there's probably going to be some pullback on XELA! Had too good of a day today. I would've tried getting in at .43 or something, but you'll be fine. I'm guessing .50s next week.

Also this company is another situation where they misled on their books. That's where you can see the drop off from around $10 on the 5 year chart. Their revenue is over a billion so to my understanding, that's the only reason they're trading as a penny stock.

And one final thing, next ER is August 13. I'll probably get out right before ER and get back in on the inevitable dip. Seriously, it doesn't matter how good the ER is. This stock dips every time on good ER.

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Hmmm, the meeting tomorrow for SOLO is just a shareholders meeting. I have no idea how the market usually reacts to these or whether they usually come with PR or not. It's also at 6 P.M. pacific so 3 P.M. EST for me and not AH. I reall don't know whether to hold through it or not!

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StartTheMachine posted...

6 P.M. pacific so 3 P.M. EST for me

Think you have this backwards

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<3

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Stocks I'm looking at buying:

EB - Eventbrite - Currently trading at about 40% of pre-coronavirus levels. There should be a near total lack of revenue right now with no events going on, but the company has a strong balance sheet with more assets than debts, so survival shouldn't be a problem. Events will come back and even if we lose a whole year of events it shouldn't be anything close to a 60% decline in the value of the company.

CNK - Cinemark - Also trading at about 40% of pre-virus levels. Unfortunately, it already rose more than 6% today. That said, I'm not sure if theaters have actually found the bottom yet; I don't see the business coming back for a while since watching movies in a theater is not really an essential need, and people might decide they don't actually need it even after this virus stuff ends. That's in contrast to air travel, which I see as an absolutely essential need, something people just can't go without.

WH - Wyndham Resorts - Currently trading at about 71% of pre-virus levels. Anecdotal evidence is that bookings for at least one of their hotel brands is strong (family tried to book something and they were sold out).

UHR - Swatch Group - Currently at about 70% of pre-virus levels. This is the biggest Swiss watchmaking company - includes Swatch, Omega, Tissot, Breguet, Longines, etc. I don't see why the virus should have much of a long-term impact on high end watches.

SPCE - Virgin Galactic - Because spaceflight is cool. I don't know if the price has anything to do with normal metrics like profit and revenue, but who cares? To the moon (literally).


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Oh, and LEVI. Down 8% today on that awful earnings report, but people are still going to need clothes in the future. One or two bad quarters should now be priced in.

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I jumped into NKLA today at around 47.

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StartTheMachine posted...

Y'all there's probably going to be some pullback on XELA! Had too good of a day today. I would've tried getting in at .43 or something, but you'll be fine. I'm guessing .50s next week.

If you're going long this doesn't really matter imo. I'd rather get in now at .46 and not miss the boat than wait for .43.

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Also I will say when cheap stocks go to the moon it tends to happen after a good day from what I've noticed the past few months.

So while you can maximize profits waiting for something to bottom out I would say it's kinda risky if you have faith in the stock. I'm fine with it. I've only got $400 on it anyway.

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red sox 777 posted...

Stocks I'm looking at buying:

EB - Eventbrite - Currently trading at about 40% of pre-coronavirus levels. There should be a near total lack of revenue right now with no events going on, but the company has a strong balance sheet with more assets than debts, so survival shouldn't be a problem. Events will come back and even if we lose a whole year of events it shouldn't be anything close to a 60% decline in the value of the company.

CNK - Cinemark - Also trading at about 40% of pre-virus levels. Unfortunately, it already rose more than 6% today. That said, I'm not sure if theaters have actually found the bottom yet; I don't see the business coming back for a while since watching movies in a theater is not really an essential need, and people might decide they don't actually need it even after this virus stuff ends. That's in contrast to air travel, which I see as an absolutely essential need, something people just can't go without.

WH - Wyndham Resorts - Currently trading at about 71% of pre-virus levels. Anecdotal evidence is that bookings for at least one of their hotel brands is strong (family tried to book something and they were sold out).

UHR - Swatch Group - Currently at about 70% of pre-virus levels. This is the biggest Swiss watchmaking company - includes Swatch, Omega, Tissot, Breguet, Longines, etc. I don't see why the virus should have much of a long-term impact on high end watches.

SPCE - Virgin Galactic - Because spaceflight is cool. I don't know if the price has anything to do with normal metrics like profit and revenue, but who cares? To the moon (literally).

Nice list. Ive been out of the game the past month or so due to relocating for work and getting all my affairs in order. I plan on hopping back in sooner than later.

Lopen posted...

Also I will say when cheap stocks go to the moon it tends to happen after a good day from what I've noticed the past few months.

So while you can maximize profits waiting for something to bottom out I would say it's kinda risky if you have faith in the stock. I'm fine with it. I've only got $400 on it anyway.

My sense is that once the moonshot occurs, they fall back a long way (like 50-80%+ of gains). LK actually briefly gave up 100% of gains from its bottom. So the trouble with getting in once the moon pattern is already showing is that if you don't time the exit well you end up with little profit or even a loss.

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barreldragon88 posted...

Think you have this backwards

Oh derp, dunno what I was thinking. So news will be AH afterall.

Lopen posted...

If you're going long this doesn't really matter imo. I'd rather get in now at .46 and not miss the boat than wait for .43.

Yeah, not a big deal either way for sure, it's just been fluctuating between .42 and .47 like daily so I figured getting in a little lower is very easy. For me, timing IS a slightly bigger deal because I'm buying exclusively on margin right now with AVCT down so much. So if I get in a stock and time it wrong, I can potentially face a margin call. But most of you all don't have to worry.

I am going long but again also probably selling right before next ER and getting back in! Been watching XELA long enough to know how it operates. Only way I won't do this is if it's somehow above a dollar before August 13th and can hit compliance.

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Speaking of ER, the Delta ER is next week. I'm debating whether I should hold through it or not. I guess I probably will because everyone already knows the results are going to be really bad. If it's only very bad, as opposed to catastrophically bad, the stock should moon.

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I don't think a bad earnings is going to hurt airlines much

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Gonna put a little more into DKNG. I think it's a nice little value around 35. I think states will look for revenue in the next year and sports coming back/legalized gambling will be happening.

NKLA I no longer understand - I knew I wanted to check out after the June 29 bump and crash. I think it's a mid-40s stock but with plenty of upside. I feel like that stock could take off and 50ish is still a good price but I'm kinda tapped out on looking into them.

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Amazon.......

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Wowee, NKLA is almost at 60.

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XELA doing good

Wow LKNCY dropped over a dollar in 10 minutes I expect some manner of huge announcement there.

I'm still bitter cause I would have sold into break even probably a dollar ago and made a few thousand dollars but yeah. .

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Looks like the market as a whole is crashing hard. Almost every stock I'm watching is dropping super steeply. I'm basically even somehow but yeah gonna be an ugly day if it doesn't rebound.

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Yeah, I'm hoping SOLO struggling is just from the market but yikes. Everything of mine is red too except good ol' XELA.

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StartTheMachine posted...

Yeah, I'm hoping SOLO struggling is just from the market but yikes. Everything of mine is red too except good ol' XELA.

Premature celebration

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I made out like a bandit thanks to BBB and not really being in anything besides selling calendar spreads for volatility premiums.


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Bought a couple thousand of Walgreens. A 10% drop seems absurd for a company that still makes so much money

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All my stocks rebounded almost completely

A lot of things bounced significantly lower though on the market as a whole. Panic is so weird.

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The market is so choppy this week. A big green day followed by a big red day followed by a big green day followed by a big red day.

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So the question with SOLO is hold through the investor's call or sell just before the end of the day. I have faith the call will be good news but...

Maybe I should buy a $5 put to secure my earnings lol.

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When was the last time we had a green Friday though? Seems like it's been a while.

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Pton

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pton kicks a$$

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Looks like I'll be holding SOLO through news. It's too stable not to! But you best believe I'll be watching that shareholder meeting and reaction to it live.

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Post them here so I can save work thank you

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I must say..people that believed in NIO stock were genius
Too bad I never listened to them
Oh well

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Betting on China is a great idea right now imho but all my opinions are disregarded in favor of yolo penny stocks

So Nanis I suggest you buy some TLRD it's good!

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I'm getting tempted to bet on CJJD and LKCO and JFU my love for China is swelling.

Oh wait these are all yolo penny stocks.

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Lopen posted...

LKCO

luckin coffee co, clever china

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Oh you know what that's probably a big reason the Chinese stock market is up. Everyone is too afraid of the virus to go to Macau anymore. Gambling revenue was down like 95% or something year-over-year in June and that's with the casinos all open. They're using the stock market as a substitute for gambling.

And they love gambling, Macau used to have 6x the gambling revenue of Las Vegas. Even after the corruption crackdown probably eliminated most of the money laundering, it was still running at 3x Vegas. This from a country that still has a lot less total money than the US.

I want to buy some long term puts on casinos. People are going to realize that betting on penny stocks or options gives you far better odds than you'll get at any casino. Imagine paying a 1% commission on every trade you make, win or lose. Who'd do such a thing when you don't have to!

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NIO was tempting for sure!

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Sir, could I tempt you with some Peloton?

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If I've learned one thing it's that these guys:

https://www.youtube.com/channel/UCS01CiRDAiyhR_mTHXDW23A

Kick ass. They've been talking about Peloton and GAN forever and both stocks have absolutely soared. Definitely my number one recommendation for investors to watch, especially for long trades.

Speaking of which, are my GAN and Draftkings people paying attention to LCA? Another new online gambling stock. Been watching it dip for a week and suddenly soared today. Tempted to take any winnings from SOLO over there.

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P.S. here's the link for the SOLO meeting, 20 minutes away now:

https://web.lumiagm.com/m#/103122260

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Ill check those guys out. Looking good for tomorrow so far.

Literally learned absolutely nothing from that shareholder meeting. Zilch, zip, zero. I didn't know what to expect but now I know. I guess basically they're going through with some stock incentive plan that has board execs getting more shares of the company. Certainly a practice for successful companies so that's good. But yeah, all the hype was moot. There was nothing bad here, but no new information will be disappointing for the masses.

Expecting a dip in the morning. I put a limit sale in to sell asap on extended hours, but I think that only kicks in at 7 a.m. on Ameritrade. Hopefully it hits it!

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