Board 8 > Stock Topic 8

(+) Yeah! (+)

I really want to sell amazon. $3k loss at this point.

Amazon is not a short term stock. If you're considering selling you shouldn't have got in to begin with.

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Moonroof posted...

I really want to sell amazon. $3k loss at this point.

You might as well sell it and mark it as a lesson in not buying companies with a 150 price/earnings ratio and a 1.5 trillion market cap. 150 price/earnings requires a rapidly growing company, but how does a 1.5 trillion market cap company grow? Buy out the US government and raise taxes through the roof?

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I'd buy more but I'm poor like Lopen

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Is Amazon gonna be up in three months from now

Its a nice hold right now.

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So I feel like for Amazon this is going to be like Sep 2018 where it grew faster than it should have and it took like 6 months to get back to its previous peak and also didn't really grow much beyond that for a long while.

If you want gambling money I'd cut your losses but if you're okay with just sitting on it you're not going to lose money long term. Amazon will keep growing it was just overbought right now. That being said you could probably put that money on anything else safe that was hit hard by the virus and get your $3000 back much quicker.

But then again I have no idea what I'm talking about.

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I think Amazon's valuation is still outrageously high, but who knows when the bubble will burst. It'll probably be higher in 3 months, but be prepared for the possibility of a 50% drawdown. Might be better to get out now so you aren't caught in it. If that does come and you hold through it, don't get shaken out at the bottom. People who bought Amazon at $94 in 1999 and sold at $7 in 2001 and have then watched it soar to $3,300 in 2020 probably feel awful.

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I'd be pretty surprised if Amazon dropped below the 2300 range it was hovering around in May, but I could see it falling back down to that before it gets back to 3300.

I do think it's overvalued because of scared investors wanting to put their money SOMEWHERE.

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But um, if you want a tech company with better fundamentals, how about Apple? Market cap is less than 15% higher than Amazon, but almost 500% the amount of earnings. I mean 30 price to earnings ratio is still kinda high for a company that big but it's a lot saner than Amazon's P/E near 150. That means Amazon would need to generate its current profit levels for 150 years to make back the money invested in it at current prices.

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Lopen posted...

I'd be pretty surprised if Amazon dropped below the 2300 range it was hovering around in May, but I could see it falling back down to that before it gets back to 3300.

I do think it's overvalued because of scared investors wanting to put their money SOMEWHERE.

Based solely on the shape of the standard bubble chart (so take this with a grain of salt), and looking at Amazon's, I'd say most likely Amazon makes one or 2 more pumps to get to 4000-5000, then plunges down to 1500ish, then ends up stabilizing north of 2000. 2018 could have been a bubble top but that long period of not rising after that means the actual bubble top should need to be high enough to make the chart look like a mountain with a jagged peak rather than a rounded dome.

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I think I am the only person whos lost money from Amazon during this pandemic. This is the second time. I bought it at 2400 a few months ago. Lol!

Okay I'll admit I breathed a sigh of relief today about AAL. I had confidence but so many red days in a row was starting to wear on my psyche just a little bit <_<.


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AAL will bring in big money one day. Not even flinching at these red days. Got a low position I'll be holding for years.

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Here's a list of my stocks since the pandemic started and how I did:

CAR: +137% (still holding)
LK: +42% (closed)
HPR: +5% (closed)
AMTD: +3% (holding)
F: +2% (holding)
AXP: -0% (closed)
KO: -1% (closed)
UBER: -4% (holding)
SPCE: -7% (holding)
DAL: -11% (holding)
COTY: -25% (closed)
TLRD: -30% (closed)
HTZ: -31% (closed)

Overall: +30%

The majority of funds have been in CAR and DAL. Biggest gain in dollars was of course CAR, accounting for more than 100% of all gains. Biggest loss in dollars was DAL even with a relatively small percentage loss as it's been my biggest holding since June.

HTZ looks bad but I only lost $100 on it because the amount put in was small. Don't regret it, it was a small price to pay for getting to be part of the world's first Initial Bankruptcy Offering. I do regret TLRD a lot - it's currently the 2nd biggest loss in dollars and will be the biggest loss if DAL goes up a bit more today.

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Was going to make a joke about how now's the time to buy AVCT since I sold 2k shares to get that margin call off my back and now it's up 20%+ and probably headed back to where I bought it. You literally cannot make this shit up. Thank god I still have 3,000 shares, but I am missing out on thousands and thousands of dollars. I couldn't have worst timing if I tried.

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The good news is I doubled down on XELA with some of that money and XELA is taking off too.

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If it makes you feel better looks like AVCT is just being pump and dumped

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Yep, it's calming down now. There was no news or anything, it's just such a low float stock I was worried it was going to run to like 7 again. Hopefully I can buy back under 2.80 sometime soon.

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I'm slightly annoyed cause I was actually gonna go back into AVCT at that 2.80 range had I not tried this CREX scheme which seems to be falling flat. (at least I'm not really losing money though)

But knowing me I probably would've held past the pump anyway

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Naw, XELA is being scalped. AVCT sitting pretty over 3.20 still. I don't see the dump happening. Well, I sold 2000 shares at about 50 cents less which means I've only missed out on a grand...for now. It's just incredible how badly I timed that. This is exactly like last time. It's honestly kind of funny.

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I was just trying to follow the trends. AVCT has been slowly bleeding out and I thought it literally might hit lows back at 2.50. XELA has been slowly consolidating and gaining steam for weeks.

Brb getting hammered on my day off

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StartTheMachine posted...

Naw, XELA is being scalped. AVCT sitting pretty over 3.20 still. I don't see the dump happening. Well, I sold 2000 shares at about 50 cents less which means I've only missed out on a grand...for now. It's just incredible how badly I timed that. This is exactly like last time. It's honestly kind of funny.

I lost like $300 on TLRD before my order even came back to show it was filled. I submitted a market order at market open. I watched as my order showed pending and TLRD plunged from like $1.85 to $1.21, not knowing where my order would be filled and hoping it was later. It ended up coming in at $1.68 but by that time the stock was at like $1.38. So, an instantaneous loss of $300.

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At least you were smart enough to put so little in TLRD. I lost 2k on it, but that was over weeks. Funny how 2k seemed so little when my account was sitting at 3x my investment price and now I'd kill for a 2k trade.

I really have to stop with the shoulda woulda coulda shit though. Not a healthy mentality to have with the market. At the very least, I'm making money right now and all my stocks are green for the day. Every one.

I could be one of these poor souls who fell for this PASO scam, had post-GNUS me read this thread.

https://www.reddit.com/r/pennystocks/comments/hre92v/dd_on_why_paso_will_run_soon/?utm_medium=android_app&utm_source=share

Yep guys, companies trading at 90+ are totally interested in a reverse merger with a .13 company. You're gonna be a millionaire!

https://www.reddit.com/r/pennystocks/comments/hrnmt4/paso_bagholder_support_thread/?utm_medium=android_app&utm_source=share

I feel bad for that board.

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CAR just touched $31. We're getting close to my limit sell order now. DAL is only 50 cents off my limit order as well.

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I like the pennystocks board but much like with stocktwits as always you need to verify verify verify.

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Yeah, I stayed up for hours last night looking at that DD and I get why naive people thought it checked out, but they clearly don't understand that a letter of intent doesn't mean much....aaaaand all you had to do was go through their other disclosures to see that they had sent multiple notices to shareholders about extending their merger and hyping it up. It became quite obvious that it was fake.

https://www.reddit.com/r/pennystocks/comments/hrn132/paso_merger_delayed/?utm_medium=android_app&utm_source=share

I even saved a few poor souls. Was the first person to post this on that reddit and someone else posted a thread like 5 minutes after me. I was monitoring in hopes of potentially shorting it but I have no idea how likely it would be that an OTC stock would even have had any shares to short. Would've been too late to make the big bucks shorting on open anyway.

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Pretty sure vacation stocks are all going on a multi day run

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You all should buy amazon now. I just sold it.

Nah Amazon's bubble is way too strong. Though the vaccine news might have made some difference and I would have waited til the end of the week, I still think you made the right call.

Don't worry Moonroof, you will never take the bad timing crown from me!

E: Actually a second stimulus check would do way more for Amazon stock than vaccine news.

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I wouldnt have given up on AMZN, but if you're going to put it elsewhere then...well, go for it.

I do think vacations are going to rocket, in a correlation with the initial antibody findings on May 18th leading the the strong run that lasted half a month or so.



We will see if Amazon follows the same trajectory as last time, which was a dip.

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Just a gut feeling though

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MRNA now up only 7% for the day. It gave up the majority of its gains, which is weird given that travel stocks have increased their gains from this morning. If this vaccine is really a gamechanger I feel like it should be up more. Maybe an opportunity.

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And I strongly applaud Moderna for the ticker symbol. It stands for both their name and Messenger RNA, which is the basis of their vaccine. Bravo for a well-chosen ticker symbol.

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MRNA already has most upside built in. I sold at 86.84

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Got into WYNN. Hoping for a quick sell tomorrow and if not, Im fine holding it. Im thinking the momentum from today coupled with the Macau news from a few days ago will continue surging jr for at least one more day.

I have $25k left for another stock, I almost went with a bank but opted against it. Any ideas?

Moonroof posted...

Got into WYNN. Hoping for a quick sell tomorrow and if not, Im fine holding it. Im thinking the momentum from today coupled with the Macau news from a few days ago will continue surging jr for at least one more day.

I have $25k left for another stock, I almost went with a bank but opted against it. Any ideas?

I'd go with AMTD. Their earnings report is next week. Analyst expectations are low but I feel like business should be extremely strong for brokerages right now.

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Good looks. Ill check it at opening.

greengravy294 posted...

Wynn is back baby okay keep doing better for me so I can get my moneg back

It's going to keep going imo

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I'm buying DIN, $2000 worth

It rebounded pretty hard and fast last time there was any positivity, plan on exiting at around $60 for a 50% return.

May regret buying a stock that went up 18% today but eh.

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GAN > WYNN in terms of upside potential

I still think GAN has a ton of room to run, especially since it's finally pulled back. The market isn't anywhere close to fully appreciating the value of that company, and that's what you want to trade on. I'd play just regular online gambling stocks over casinos every day right now, forget about a company like GAN that actually makes the software for them.

I still need more GAN shares.

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http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C632019

If you want to bet on TLRD this bond is probably a better deal than the stock. Currently priced at $7.60 to return $100. I was looking at this last night and it seems it went up 90% today, as it was trading under $4 yesterday. I think 12:1 odds are not bad, especially as bondholders might not get wiped out in a bankruptcy. The senior debt has to be paid first, and then the junior debt (this) and then shareholders last. A lot of times they reorganize the company in the BK court and the result is the creditors are paid with shares in the new company, while the existing shareholders are wiped out.

Unfortunately it went up 90% today and 12:1 odds aren't nearly as good as 24:1, but could still be a good deal.

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GAN getting some recognition post-market. Time to hit the 30s and never look back. Will be a $50 by the end of the year as long as more states legalize online gambling.

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I had about 15 mins to choose a stock to get into before close. GAN wasnt on my shortlist to choose from, I had forgotten about it.

Moonroof posted...
I had about 15 mins to choose a stock to get into before close.

Stop having that mentality that you have to recoup losses to make money. It's how I lost so much of my GNUS and LK wins. Sit back, hold tight, and only buy into something you feel very strongly about. I could still be at 25k with a mere 5k drop in my account value instead of 21k. Nonetheless, I'm sincerely glad all this has happened to me because now I'm following the Dumb Money formula of information leverage on the market. Hours and hours of research is the only reason I'm so confident in going long in AVCT, GAN and XELA.

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I have no shame in the stocks I chose. The only way I felt comfortable getting out of Amazon was by going in something else.

Been researching broker markets too and I think AMTD has huge potential. The Google trends look pretty promising for all brokerages.

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Ill look to get into it tomorrow.

SPCE announced they hired a new CEO and the stock popped 5% after hours! Looks like the new CEO used to run Disneyland. Old CEO is taking on the title of "Chief Space Officer."

And yeah, you don't have to play when you haven't done research or don't feel confident. It's okay to park some funds in cash for a bit while you research.

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AVCT is also popping after hours. More institutions must be recognizing the potential here. I really did pick the worst day to test my slow bleed theory to get back in around 2.50. Oh well, happy to be making money. Won't be surprised to see an insane run tomorrow!

I no longer know if I'm hoping for AVCT's run to be a pump and dump so I can buy back on some cheap shares or if I want this to skyrocket to profit territory regardless.

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