Board 8 > Stock Topic 23

(+) Yeah! (+)

One year into the crash and were still going strong here!

Welcome back Moonroof. You missed a lot of action the past 2 days in here.

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Can't believe I sold my AMC in the 8s lol. Was too paranoid about risking my gains on it

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Username checks out

Who's ready for some Chinese electric car action

Li Auto earnings tomorrow morning can hardly wait. They're gonna post a hairline profit I can feel it in my bones.

See you on the moon gentlemen.

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GME making another run at $200 in the last hour of after-hours. Would be nice to close for the evening over that mark.

MAXR delivered good revenue numbers today - I'm surprised a space company is actually already generating so much revenue. I am expecting SPCE to report bad earnings tomorrow as it has been consistently doing in previous quarters. The last 2 quarters they reported revenue of 0. Zero. Hopefully by this time the market is already expecting that.


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Oof just realized I wash sale rule'd AMC AND pretty sure I sold what I thought were gains today on it for a loss.

Lmao wash sale strikes again, should've just bought GME. Really gotta remember to check cost basis next time before buying a stock I recently traded to see if any lot of shares was sold for a loss.

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Man I'm looking at the options action on GME and I can't help but think this is a huge hedge fund pump and dump designed to trap WSBers this time around. The calls and puts out there seem like they've been cornered too well, feels like that day RH banned trading. I dunno. Inorganic feels right for sure.

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Lopen posted...

Man I'm looking at the options action on GME and I can't help but think this is a huge hedge fund pump and dump designed to trap WSBers this time around. The calls and puts out there seem like they've been cornered too well, feels like that day RH banned trading. I dunno. Inorganic feels right for sure.

I noticed the same thing. There were buys and sells all day until the end when there was just a massive buying spree out of nowhere

SOMEONE orchestrated this

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That being said because all the shorted stocks are going up tempted to throw a small amount at Tootsie Roll 3/19 $40 calls in case it surges to $45 again. Seems like pretty high upside for the risk. We'll see what the options look like tomorrow morning

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Is anybody familiar with how using credit cards on Coinbase and/or Binance works? They don't support linking a CAD bank account to just transfer money in, but they do accept credit cards, (probably with a few % fee), but Coinbase just declines my card, and Binance wants me to go through these SImplex or Banxa partners which seem really strange to me and want all kinds of extra identification.

I tried to buy in the dip a day or two ago but man they want me to jump through a lot of hoops here... maybe I just need to open a USD bank account somewhere and convert myself...

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If you aren't worried about being able to actually withdraw the crypto to your own wallet, I feel like buying one of the crypto trusts/ETFs is probably better if you would need to jump through all those hoops and pay extra fees to get on Coinbase.

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My friend was having an issue with coinbase but he's dumb and doesn't listen to BEAUTIFUL CLEAN BRITISH OIL plays

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I agree from an efficiency perspective that's probably the easiest and maybe best way to enjoy some crypto gains, but I see this as dipping my toes in the pool to work towards immersing myself in the crypto world and part of that is going on their platforms and seeing what their tools are and how they view things. It's interesting that Binance and Coinbase trading platforms are both very similar to the SUPER SERIOUS stock trading platforms with all slickest charts and graphs (using my broker Questrade's normal website is very simple compared to its daytrading platform IQ Edge). But it also has differences that I'm interested to explore. I think it will help me understand crypto in the long run.

I don't know that Bitcoin in particular is the future but I think the asset class itself is going to grow and change over the years and learning more about how it works will help me to move past this stage I've been in for the last 10 years watching these crazy gains go by but not understanding enough to get in. It's a research expedition that I'm willing to throw a few hundred or even a few thousand dollars at.

A further part of my research is that I've been opening accounts with WealthSimple, which is kinda like Canada's Robin Hood. Super simple and streamlined app, no fees, no minimum balance. Intended to get retail investors in the door as easily as possible. Funnily enough they have a crypto app even though most real brokers don't so I'm funding that... I want to see how it differs from the crypto exchanges. I'm also checking them out as they seem like the best platform to recommend to people when they want to start investing but don't have a lot of money to start with. No fees is hard to beat, but I've already noticed that their trick is that they only maintain CAD cash for you, so any time you buy a USD stock, they'll charge FX conversion to change to USD.... and when you sell they charge FX conversion to change it back to CAD. That adds up QUICK. Seems like there's no downside to use it for stuff on the Toronto Stock Exchange though.

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As for BP.... it turns out my broker does allow global trading on other currencies, but I need to open a separate FOREX account.... Is that standard for you guys or do US brokers just let you deal in all kinds of currencies?

edit: nevermind that feature is for RICH PEOPLE ONLY no BP trading for me

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AMC diving at open. Interesting

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And back up

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BP is listed on the NYSE bro

Also Li Auto posted profit. Moon will come. Surely

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Lmao GME tanking. I threw 7k at GME premarket then sold right before market open for another quick 1k+. Always sell premarket on these stonks imo.

Then I threw that money at KOSS too high and panic sold Day trading is definitely not for me. The low float in KOSS was just too tempting, felt like gambling a few thousand for a quick double bagger. Won't be surprised to see it still happen if it dips low enough but not worth the risk. It's way lower than where I sold it.

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I cant wait to see who bought the tip again. Its always the same people chasing greed

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Buying GME at 80 with a decently big position was the move yesterday. I knew I missed it but figured the WSB cult would make for some quick profitable day trades. Same logic buying it at 80 was smart for a swing trade.

Worked out well enough til I myself got greedy and hoped for quick KOSS money lol. Okay, back to real trades.

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Unless something suddenly goes bankrupt, I am now in a position where I am fully invested with all of my fun (non-retirement) money for at least a few months. My portfolio stands about 50/50 between crypto (BTC, ETH, LNK) and traditional stocks (DNN, BA, and a bunch of airlines). Holding long on the latter for when COVID dies forever come April/May and the airline industry goes apeshit. May sell half my BTC if it approaches $100k this year.

Currently up about 150% since I started posting about stocks on the board 11 months ago.

<3

How's everyone else doing now that we're a year out from The Dip?

7 bagger on BP

Urge to sell strong even though plan was always hold until March 3rd

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Pocketed my 15k profit

Used 1k of that 15k to buy 80 3/5 28 calls

Galaxy brain

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Wow Li is plummeting right now. But that 3 month chart is making me very tempted to buy if it drop under 20. Hope you aren't holding bags there Lopen.

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I have a single $30 call that expires 1/2023. Even if it goes to $0 it doesn't matter all that much.

I think this is MMers orchestrating fear combined with a plummeting market day causing double trouble. No real concern here. Stock should be up earnings were very good.

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there goes market

gg wallstreetbets

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Lopen posted...

BP is listed on the NYSE bro

Also Li Auto posted profit. Moon will come. Surely

oh its this weird ADR thing. i didnt know these even exist but i suppose it makes sense. cool.

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I'm very curious to see where GME goes this time. I made the mistake of buying too late last time

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I should've kept my GME shares at 110 I guess, since I could see this tanking the rest of my stocks again from a mile away. That would've been a good way to balance my portfolio temporarily. I figured GME might get close to premarket highs (and if it breaks 200 it's off), but didn't feel like it was worth the risk.

so naturally instead of GME I have an unhealthy amount of FPVD lmao

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I'm WAY less confident in making a big profit this time around. Last time was completely uncharted territory which created a lot of uncertainty on what the right move was for everyone involved. This time around, the institutions probably know exactly what they want to do, which will make it harder for retail investors to make the right decisions at the right times. One of the most useful bits of info from Destiny's GME Manifesto was how much the later days of the mania going up above $400 was driven by institutions, not retail investors, and I'm not betting on them doing it again.

If I had held GME all this time or bought in at $40, I'd probably be selling now at $150 I think

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Why is GME shitting the bed now
Oof

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Nanis23 posted...

Why is GME shitting the bed now
Oof

... It's still at 130

WHAT DID YOU BUY AT?

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I will say, if GME goes back to 40 I'm going to sell so many covered calls

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CoolCly posted...

I'm WAY less confident in making a big profit this time around. Last time was completely uncharted territory which created a lot of uncertainty on what the right move was for everyone involved. This time around, the institutions probably know exactly what they want to do, which will make it harder for retail investors to make the right decisions at the right times. One of the most useful bits of info from Destiny's GME Manifesto was how much the later days of the mania going up above $400 was driven by institutions, not retail investors, and I'm not betting on them doing it again.

If I had held GME all this time or bought in at $40, I'd probably be selling now at $150 I think

The short interest now is literally 30%. Those are fairly recent numbers too. I don't think there's any short squeeze coming. This is just FOMO buying and likely institutions who bought the dip too to get in on the rally. The idea that this is still screwing over hedge funds is likely total nonsense.

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masterplum posted...

... It's still at 130

WHAT DID YOU BUY AT?

My one single share from 75 two weeks ago

I just want it to get to the moon so it will be funny how one share cover my losses from PLTR NIO and AAPL

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Comment to red sox about his recent thoughts about holding lots of different stocks

I like the idea of diversifying into a bunch of different stocks and making lots of bets rather than investing in a few, and it's fun looking into the next stock to bet on

but at times like this when every stock is falling it makes me a bit nervous about keeping up on new information for them all. i dont blink at all at the losses that are happening, i'm not going to panic sell ever. but it is important to recognize when stocks are all falling inline with the market and will likely recover with the market, and when an individual stock actually has a legitimate issue and wont recover with the rest. looking at my portfolio, i just noticed i feel a little blind to seeing this and my default assumption is to just assume it's all in line with the market. i might not notice when i have a genuine loser and might need to take action.

just food for thought.

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masterplum posted...

I will say, if GME goes back to 40 I'm going to sell so many covered calls

my plan is definitly to sell some CSP if it tanks fast while volitality is high

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pvdg hanging around .09, should see the next leg next week. Just went current so always a nice sign. Been in since .0015 and .0033, took 6x initial investment at .07. Riding the rest to see if i can get near the golden dollar.

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Decided to go with some in the money 3/19 FIZZ calls for my squeeze play. My thinking is good earnings could pop FIZZ regardless and because it's fairly in the money my downside isn't too high.

Then if short squeeze madness round 2 happens these puppies have upside of 3-5k each.

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Bought a bunch of AT&T calls, 4/16, $29c. Think earnings hype + this selloff falling off + stimulus boost should have it recover to $30+ by then.

I'll let you guys know how it goes. I look forward to making a boatload of money with another hundred billion dollar level company.

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Lopen posted...

Bought a bunch of AT&T calls, 4/16, $29c. Think earnings hype + this selloff falling off + stimulus boost should have it recover to $30+ by then.

I'll let you guys know how it goes. I look forward to making a boatload of money with another hundred billion dollar level company.

lame

AVCT is AT&T now - got their old president and half the board! Should just go harder there

Speaking of which are these warrants finally pulling back!? I want to load hard.

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I have $13k in my bank "foreign currency account"

And I want to use it on the most solid investment possible for a "long" term of one year
Considering how high the commissions are in my bank (like $50 per action lmao) trust me this is going to be long term

The question is...on which should I use it on
QQQ or SPY?
Or ARKK?

Or should I even buy now
I wanted to have a decent dip, now sounds like a good time (but it can continue to dip)

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I'll get back into AVCTW if the price drops back down

AT&T calls cheaper

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AT&T cuts stake in DirectTV by finding an interested buyer, DirectTV to be listed as its own stock I guess

Going to be awesome dumb luck if this ends up rocketing AT&T (I think it's a very smart move, DirectTV was dead weight and lowering debt is more useful)

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Wow what a bloodbath. I've been swamped with work all day (all week really) so it's a bad time for a crash.

CoolCly posted...

Comment to red sox about his recent thoughts about holding lots of different stocks

I like the idea of diversifying into a bunch of different stocks and making lots of bets rather than investing in a few, and it's fun looking into the next stock to bet on

but at times like this when every stock is falling it makes me a bit nervous about keeping up on new information for them all. i dont blink at all at the losses that are happening, i'm not going to panic sell ever. but it is important to recognize when stocks are all falling inline with the market and will likely recover with the market, and when an individual stock actually has a legitimate issue and wont recover with the rest. looking at my portfolio, i just noticed i feel a little blind to seeing this and my default assumption is to just assume it's all in line with the market. i might not notice when i have a genuine loser and might need to take action.

just food for thought.

Yeah, it probably loses a little bit of EV. Because I'm not going to be able to know 20 stocks/companies as well as if I were only owning 5. But, it also allows for more laziness in some sense because individual companies aren't going to have that big an impact on my return. It's the same rationale behind buying an ETF.

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Are we thinking this crash recovers soon? I know it was caused mainly by Treasury bonds, just wondering if all these stocks I'm bullish on aren't even worth it if the entire market keeps crumbling in unison. I guess my thinking that avoiding the blue chip stocks would avoid the biggest percentage of red in case of a crash wasn't really accurate huh?

Maybe I should just pull out if I get back in the green soon on some of my investments. Pull out all my money and buy back in later on everything that doesn't have an expected catalyst soon.

That and recovery stocks, those have already taken off a good deal and if they keep coming back, definitely want to get in on them before it's too late. But today wasn't even a good day for those.

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StartTheMachine posted...

Are we thinking this crash recovers soon? I know it was caused mainly by Treasury bonds, just wondering if all these stocks I'm bullish on aren't even worth it if the entire market keeps crumbling in unison. I guess my thinking that avoiding the blue chip stocks would avoid the biggest percentage of red in case of a crash wasn't really accurate huh?

Maybe I should just pull out if I get back in the green soon on some of my investments. Pull out all my money and buy back in later on everything that doesn't have an expected catalyst soon.

That and recovery stocks, those have already taken off a good deal and if they keep coming back, definitely want to get in on them before it's too late. But today wasn't even a good day for those.

The problem with this is it could dead cat bounce tomorrow for all you know and pulling out tomorrow is better than pulling out today. Repeat ad nauseum

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