Board 8 > Stock Topic 24

(+) Yeah! (+)

What is TSX and why isnt it popping after hours?

Ill take something great for my 1000 shares.

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It's an index fund that contains the top Canadian companies

Sorta like how Tesla popped when it got added to the S&P 500 but at a much smaller scale in both terms of scale of the index and scale of the company

But it matters more for a smaller cap company like DNN

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oh ya go my precious toronto stock exchange

DML to the moon

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Like I said I love my DNN stock hope they make good lasers or whatever !

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Was DNN possibly being on this TXP ever a variable, it sounds like it was a stroke of luck?

Sunroof posted...

it sounds like it was a stroke of luck?

Follow the money and it'll all solve itself.

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How much is it expected to go to?

gonna mail neonreaper some uranium if it blows up

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Sunroof posted...

How much is it expected to go to?

There are like 300k open 2.5 calls that expire March 19th

No guarantees but that was the theory behind the play to begin with. The question was what catalyst would get there

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In under a week it will have been one year since I got back into investing. Gonna run some more stats at that point, but for now, I ran the numbers and indeed, my top 3 stocks (out of 54 total stocks and crypto traded) represent 97% of total net gains. My top 20% represent 143% of net gains. Top 50% represents 153% of net gains. Bottom 50% represents -53% of net gains and bottom 20% represents -41% of net gains. Bottom 3 stocks represent -18% of net gains.

This is basically as I thought - I am basically at breakeven if you don't count the top 3 stocks. Would be curious to see these stats for others!

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Oh shit I guess it has been a year

Let's see

+123,571

I am glad I have a good accountant.

Without amc and gnus moonroof would be cucking me right now not going to lie I made some mistakes lol

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I looked at Market Chameleon again regarding options open interest and I am now seeing put and call open interest reported separately - I didn't see this last week and I'm not sure how I could have missed it so maybe they changed to including this info on their summary page? I don't know, but it does show the gap in open calls between GME and other stocks isn't as big as I thought because GME has about 3 times as many puts as calls, while the other stocks I was comparing to had more calls than puts (in the 2:1 range). Still a ton of open interest on calls in GME though, representing about 100% of the float. As before, probably many of these calls are hedged with other calls.

With the huge number of puts on GME, I think the hedge funds probably switched from shorting the stock to buying puts. Well, the 3/12 puts got wrecked and hopefully the 3/19 will too.

What's concerning is that there is a huge dropoff in the options open interest (both calls and puts) after 3/19 (the biggest expiry date by open interest). Not sure if the stock price will fall without this level of options activity supporting it. My intuition is that even with their greater number, puts shouldn't impact the price as much as calls because you can cover puts with cash; you don't need GME stock.

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So I am looking at a 10 years treasusery rate graph and...
Yes, the trend is going up. And pretty fast as well. But we are nowhere close to the levels of 2019 and yet it was one of the best years in the stock market
So why is this so worrying?

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Bitcoin kissing the $60k

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Oh ya go my DNN go my crypto

@Lopen what's your play here? Sell if it approaches $2.50 or hold forever?

The reality is that if I didnt start making these topics a year ago, nobody would haven made nearly as much as they have (including myself), assuming they even would have ever gotten into the market to begin with. I want all the credit.

I posted my screenshots of every trade I made last year. It was surprisingly diverse. Similar to this year, only difference being I have way more big losses which happen to be offset by one giant gain.

GameStonk posted...

@Lopen what's your play here? Sell if it approaches $2.50 or hold forever?

So if it breaches $2.50 before March 19th it's going to gamma squeeze sometime the week after due to ~30 million shares being claimed by ITM $2.50 calls. So no definitely not selling if it approaches $2.50.

I plan to sell the majority of my 100 calls on that spike (may actually hold some of the July ones to potentially convert to shares). Possibly buy back in with 2023 calls or shares depending on how far it falls after that spike. For the shares I own (and any calls I intend to keep) I'll sell covered calls on that spike and hold them if they don't get cashed out.

I do think it's a potential $10+ stock in a few years and fairly easily at that (their mine is operational in 2023, so waiting for that is the long play-- being on the index won't hurt it as a long play either) but it all depends in how much you believe in Uranium being relevant to energy in the coming years. All my DD says their mine is the best in terms of Uranium purity and ease in mining so they're destined to be the leader in the that field in terms of profit but you're ultimately playing Uranium as energy (which admittedly I have no real DD on it's all speculation on my end-- but we do seem a bit disenfranchised with oil and I think Uranium can play a part alongside the renewables that are being developed). If Uranium demand doesn't go up sometime this decade it's not going to be very profitable even if they are the best at it.

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Now that being said if it goes WELL past $2.50 by EOW I will be aggressively selling some 3/19 Covered Calls on everything I own to remove risk. If I miss the squeeze oh well but it gets harder to know what the effects of a bunch of ITM $2.50 calls will have the further it goes from $2.50. Like obviously at $2.70 price point or so the price surges but say it marches all the way up to $4 or $5 next week? No idea how many of those $2.5 calls get sold before exercising, etc.

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I bought 100 contracts at 18 cents a piece for July at 2 dollar strike. Lopen don't fail me.

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Might sell BTC if it hits 70k and buy back in on a dip.

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Lopen posted...

I do think it's a potential $10+ stock in a few years and fairly easily at that (their mine is operational in 2023, so waiting for that is the long play-- being on the index won't hurt it as a long play either) but it all depends in how much you believe in Uranium being relevant to energy in the coming years. All my DD says their mine is the best in terms of Uranium purity and ease in mining so they're destined to be the leader in the that field in terms of profit but you're ultimately playing Uranium as energy (which admittedly I have no real DD on it's all speculation on my end-- but we do seem a bit disenfranchised with oil and I think Uranium can play a part alongside the renewables that are being developed). If Uranium demand doesn't go up sometime this decade it's not going to be very profitable even if they are the best at it.

Yeah weirdly it's a political question. An interesting idea is that nuclear will be the "compromise" in the divided government--Dems will want to kill fossil fuels and replace everything with green energy, so the GOP can offer nuclear as a middle ground. Regardless, oil prices are going up and up with Biden; and the last time that happened, DNN was trading near $10.

neonreaper posted...

Might sell BTC if it hits 70k and buy back in on a dip.

What if there won't be one

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I am selling half my bitcoin when it hits $90k and that's my house down payment!

90k was also my initial thought but Ive read 72 is a possible resistance point

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Love how Bitcoin went up literally right when I sold mine. I only had $10k in it but still!

neonreaper posted...

90k was also my initial thought but Ive read 72 is a possible resistance point

I think if the rise happens quickly, it will moon past 100

Sunroof posted...

Love how Bitcoin went up literally right when I sold mine. I only had $10k in it but still!

You never listen -_-

Maybe I should put all my fiat into BTC lol

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BTC will fluctuate. It will not go only up and up like people here like to think.

Sunroof posted...

BTC will fluctuate. It will not go only up and up like people here like to think.

It's absolutely not dropping below $40k anytime soon

It wouldnt have to be anytime soon.

I read that Musk is lobbying to have Dogecoin become Coinbase friendly. If that happens, I reckon itll go up a lot again.

So I read about this somewhat new company POSH. Theyre good for a long hold.

I also know that NIO has been sucking for Nanis but I think theyre another good long hold too.

CPNG is the South Korea Amazon. Another new stock that is expected to blow up.

Sunroof posted...

I also know that NIO has been sucking for Nanis but I think theyre another good long hold too.

:(

I am not selling Nio

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https://gamefaqs.gamespot.com/boards/8-gamefaqs-contests/79347192

Im selling Disney first thing Monday (currently down like 1%) and putting it into one of the stocks I just mentioned. Holding CREX though its annoying me.

Im trying to research how accurate stock forecast are. Not having much luck finding data. Though I am seeing people saying, not very accurate but Id like evidence one way or the other.

Never sell Disney

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Lopen posted...

Never sell Disney

Agreed

You're also going to be really upset when you see the tax rate on short term gains this april

You literally have multiple reopenings in California that are going to impact Disney big in the coming weeks/months.

Why would you sell.

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