Current Events > Stock Market General #26

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BignutzisBack
03/03/21 5:59:30 PM
#1:


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NeonOctopus
03/03/21 6:00:35 PM
#2:


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BignutzisBack
03/03/21 6:01:22 PM
#3:


Is a reverse stock split bad for shareholders who are in it for the long haul? I understand that they would cut the shares down but increase the price to match what they were worth before, but doesn't that screw over people with say half a million shares of a company who now get say 500 or 1000? The company would have to become a superpower in order for people to make what they would have with their pre-reverse split shares correct? Or is my understanding horribly wrong?

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AngelsNAirwav3s
03/03/21 6:04:29 PM
#4:


Someone was asking about reverse stock splits in the last topic and if they totally screwed over stock owners.

The reverse split itself doesn't have any effect on the company's worth, or the share holder. Instead of 10 shares at $1, they will now have 1 share worth $10 for example. $$ stays the same. All they are doing is reducing the amount of outstanding shares out there.

However if a company is doing a reverse split, it usually means their stock price has tanked, and is not a good sign that they are in a healthy position.

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kage_53
03/03/21 6:06:30 PM
#5:


When will the tech stocks start recovering ? All they do is bleed red now.
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AlCalavicci
03/03/21 6:08:24 PM
#6:


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#7
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#8
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TheGoldenEel
03/03/21 6:12:03 PM
#9:


you are now tracking this topic

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Trumpo
03/03/21 6:13:03 PM
#10:


Flip your phone upside down and there's your moon!
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PatrickMahomes
03/03/21 6:16:20 PM
#11:


tag

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Makeveli_lives
03/03/21 6:17:13 PM
#12:


@CM_Ponch you asked about Texas businesses, invest in gun companies tbh. January was the 3rd biggest month for sales on record and they always go up with democrats in office

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littlebro07
03/03/21 6:21:39 PM
#13:


TheGoldenEel posted...
you are now tracking this topic


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AlphaCuck
03/03/21 6:27:44 PM
#14:


man i bet those enzc guys are mad right now

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3PiesAndAFork
03/03/21 6:29:08 PM
#15:


AngelsNAirwav3s posted...
Someone was asking about reverse stock splits in the last topic and if they totally screwed over stock owners.

The reverse split itself doesn't have any effect on the company's worth, or the share holder. Instead of 10 shares at $1, they will now have 1 share worth $10 for example. $$ stays the same. All they are doing is reducing the amount of outstanding shares out there.

However if a company is doing a reverse split, it usually means their stock price has tanked, and is not a good sign that they are in a healthy position.
Means their stock prices got so low they're at risk of being delisted from an exchange. Most of the bigger exchanges (NASDAQ, NYSE, etc) have the requirement for a company's stock price to be above $x for a consecutive period of time before they can be listed, and if they fall below that $x for a consecutive period of time they get delisted.

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Lebronwon
03/03/21 6:33:25 PM
#16:


AlphaCuck posted...
man i bet those enzc guys are mad right now

Yea. I remember people saying that stock was going to hit $1 soon and they could retire. Hopefully they took profits when it was in the 70-80 cent range.

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littlebro07
03/03/21 6:34:16 PM
#17:


AlphaCuck posted...
man i bet those enzc guys are mad right now

not at all lol

guess Im a little mad I cant add more shares though

still expecting it to go to $5+ by EOY

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#18
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The X Dawg
03/03/21 6:57:18 PM
#19:


Good time to buy into CCIV at 24?

NIO too at $41?
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Lebronwon
03/03/21 6:57:48 PM
#20:


I guess it is time to start adding more financial stocks like banks, insurance and capital markets. Something must be good about them if that sector did well today.

I only have BAC. Gonna see if I can free up some cash and get some shares of JPM, WFC, MS if there is another big dip from a panic.

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Vampire_Wreath
03/03/21 6:59:24 PM
#21:


Lebronwon posted...
I guess it is time to start adding more financial stocks like banks, insurance and capital markets. Something must be good about them if that sector did well today.

I only have BAC. Gonna see if I can free up some cash and get some shares of JPM, WFC, MS if there is another big dip from a panic.

So no more meme huh? Should've shared the OCGN rocket with us

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doomcrusader
03/03/21 7:00:22 PM
#22:


littlebro07 posted...
guess Im a little mad I cant add more shares though

Why not? Maybe I've missed any news. Is there an actual reason it's tanking?

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littlebro07
03/03/21 7:01:28 PM
#23:


doomcrusader posted...
Why not? Maybe I've missed any news. Is there an actual reason it's tanking?

nope

everything that brought it up to the 90s the first time is still in motion. No bad news has come, no arrested CEO or failed clinical trials etc

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#24
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Lebronwon
03/03/21 7:06:50 PM
#25:


The X Dawg posted...
Good time to buy into CCIV at 24?

It depends on where the U.S. 10 Year Treasury is tomorrow imo. If it keeps going up CCIV and tech stocks more likely to keep tanking lower.

I thought $25 was going to be the floor and it dipped even further. No telling how far it dips if investors keep panic selling it.

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Lebronwon
03/03/21 7:25:26 PM
#26:


Vampire_Wreath posted...
So no more meme huh? Should've shared the OCGN rocket with us

I use 85% of my funds for long term stuff. 15% for meme/swing trades. There just arent that many memes to even risk money on right now. Or at least none that Im aware of. I got in late on OCGN though. I mentioned it in the premarket. I got in at $12 cashed out at $13. Wasn't much profit but it was better than some of my long term attempts at investing. Im down big on PLTR, NIO, JMIA, STPK, SUNW, and GHVI. I bought all on what I thought were dips but they have all dipped a lot further. Only stuff doing well I have positions in are AAL and BAC. Like I said earlier might get more financial stocks. Also might look into cruises and retail store stocks.

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#27
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Lebronwon
03/03/21 7:33:24 PM
#28:


Future_Trunks posted...
BUZZ ETF will track all the memes for you

But it was created by Dave Portnoy. He paper handed the memes when GME/AMC fell back in January.

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Lebronwon
03/03/21 7:38:03 PM
#29:


Actually after looking into it looks like Dave is just a part owner of it.

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#30
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Makeveli_lives
03/03/21 8:32:17 PM
#31:


https://twitter.com/Wario64/status/1367280822663847937?s=19

Nintendo just dropped like 10 percent this week, so get on it while you can

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Lebronwon
03/03/21 8:53:50 PM
#32:


Just found out CNBC pumped PLTR. So that was where that spike for the stock came from.

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Vampire_Wreath
03/03/21 8:56:38 PM
#33:


I might get into PLTR soon, I remember when WSB was hyping the shit out of it ~$28-29.

Good thing I didn't buy in.

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BignutzisBack
03/03/21 9:01:55 PM
#34:


Vampire_Wreath posted...
I might get into PLTR soon, I remember when WSB was hyping the shit out of it ~$28-29.

Good thing I didn't buy in.

I bought that s*** right at the peak smh

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#35
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Vampire_Wreath
03/03/21 9:03:13 PM
#36:


BignutzisBack posted...
I bought that s*** right at the peak smh

Lmao, pretty sure it isn't a meme stock, but the only meme stocks I'm ever going in from now on is GME and AMC.

I mean, Cathie Wood bought in

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kage_53
03/03/21 10:32:06 PM
#37:


Is NLST legit or is it a meme
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The Trent
03/03/21 10:32:23 PM
#38:


They took all my moneys

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Vampire_Wreath
03/03/21 10:33:23 PM
#39:


Fuck it my check didn't clear for today's market (thankfully) but come tomorrow it's going all in on GME

Hopefully I'm not torching up two weeks worth of work!

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Admiral_Zero
03/04/21 1:26:51 AM
#40:


Where the hell is wsb getting the goal of 100k for gme? How high realistically can it get?

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Tryhaptaward
03/04/21 1:28:43 AM
#41:


Admiral_Zero posted...
Where the hell is wsb getting the goal of 100k for gme? How high realistically can it get?

1 million a share to infinity
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#42
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#43
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Lebronwon
03/04/21 7:11:56 AM
#44:


Holy shit at TSLA. It has lost $200 in a month. I never owned it because it is expensive. But people holding that stock through all this must have lost a lot of money.

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RedJackson
03/04/21 7:21:43 AM
#45:


You guys gonna be holding ENZC then? I dont wanna bleed no more >_>

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The Trent
03/04/21 7:47:11 AM
#46:


Lebronwon posted...
Holy shit at TSLA. It has lost $200 in a month. I never owned it because it is expensive. But people holding that stock through all this must have lost a lot of money.

Not lost if you're holding

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lilORANG
03/04/21 7:54:46 AM
#47:


Lebronwon posted...
Holy s*** at TSLA. It has lost $200 in a month. I never owned it because it is expensive. But people holding that stock through all this must have lost a lot of money.


TSLA is up like 500% over the last 18 months lol. It's one of my biggest growers by a lot.
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xXfireglzXx
03/04/21 8:02:45 AM
#48:


How far off are we from having a poster ritualistically sacrificed(warned) daily to attempt to appease the market gods?

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#49
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Lebronwon
03/04/21 8:04:47 AM
#50:


lilORANG posted...
TSLA is up like 500% over the last 18 months lol. It's one of my biggest growers by a lot.


You got in early good for you but there are people who got in within the last month that are probably bag holders right now hoping it reaches 800 again.

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