Current Events > Stock Market General #30

(+) Yeah! (+)

I was in a shit mood and drunkenly chucked like $1000 of my savings into stocks and crypto the other day.

$200 went on crypto, all of it ADA. The stocks were like $20 each on a variety of things, mostly NZ companies but a few US ones. Apple and Tesla were on there, as well as the least-bad-performing oil company, and a few others. I forget exactly what my logic was, but I do remember actually putting a lot of thought into it rather than just random buys.

(EDIT: PS all references to $ in this post are NZ$, not US$.)

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Admiral_Zero posted...

n the previous topic there was mention of a scandal in regards to Viacom and discovery, what happened there?

A hedge fund was forced to do a massive selloff of their positions on Friday because they defaulted. Discovery and ViacomCBS were a couple companies that the fund had large stakes in. The guy in charge of it pled guilty to insider trading like 10 years ago and shut down THAT fund at that time and looks like he's gone and fucked up another one.

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I threw a few hundred into ENZC and CELZ when they were getting pumped back in Jan/Feb in these topics and all Ive done now is lose most of that.

Its just chump change for my overall portfolio, but I never lose that much (percentage-wise) on investments so it really annoys me.

Now Im just sick of seeing these shitty stocks in my portfolio and thinking of just cutting my losses.

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Yeah if ENZC pops off again then good on the folks who are still buying into it but I have no confidence in it anymore. And I'm probably done with biotechs in general since another one that was getting hyped up in some of the early topics is fucking scorching me right now, too.

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Lebronwon posted...

So are you all playing the Biden infrastructure bill? Seems like a lot of stocks gonna be pumped tomorrow when he announces what is inside the bill. Im gonna load up on X, CLF, and CHPT.

Hoping he'll throw a bone to EV to make my bags a little lighter.

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I feel like a market crash is imminent.

I just read that the people invested into GME hoping for the squeeze are now saying that everything is shorted and have now shorted the 10 year bond market by a shitton

Damn ENZC went from the darling of penny stocks to like most hated lol

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I think only a handful of users were hyping hard ENZC because they strongly believe in it. Everyone else that bought it to join the train should have known the risks called out multiple times so I dont see why people would hate it.

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Patience. Some people have it, some don't.
For those who don't have it, you can either develop it or let it come to you.

I remember losing faith/focus on a few stocks some time after I got them, because I was losing money on 'em. Forgot them for a few months and was very pleasantly surprised when they started going way up.


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DyingPancake posted...

awww man. I need someone to hold this long term with me :(

Remember shooting for $15? :)

$5-7 was always my realistic goal, $15 was just the dream cause I could also pay off my house with it lol

If I didnt have so many bills piling up each month Id probably be more likely to hold on longer to see what it does but Im slowly slipping into insanity here

I still believe in the company and still believe that $5-7 is gonna happen by end of year based on current information. If everything kinda fizzles out (bad trial results, no funding, etc) then Ill be legitimately worried

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littlebro07 posted...

Yeah pretty much everything in that article is bullshit. Anyone can write an article for SeekingAlpha and that guys a notorious basher.

There was a long post on ihub with sources that tore apart every negative thing he mentioned, I can try to find it later.

Plenty of real info on the company in their press releases

I'd appreciate that. I tried to Google for it but didn't find it.

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doomcrusader posted...

I'd appreciate that. I tried to Google for it but didn't find it.

Tried to find it last night but the ihub board for ENZC is so damn busy and the site is a bitch to navigate around so didnt have any luck.

Did find this though:

https://twitter.com/godfathercap/status/1371508695901814789?s=21


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I can confirm that today is the last red day before OTC stocks start rocketing

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BignutzisBack posted...

I can confirm that today is the last red day before OTC stocks start rocketing

I dont believe you

though I really want to

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Picked up some MEDH, low float and New York just passed marijuana legalization. Feeling good about this one

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Damn ENZC is tanking again, under 20 cents. It's getting closer and closer to my nickel entry point

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BignutzisBack posted...

Damn ENZC is tanking again, under 20 cents. It's getting closer and closer to my nickel entry point. I don't want to wish I'll on your guy's stock but I'd really like to open a position as well lol

I dont plan on selling any time soon so if it dips to a nickel next week for you I dont mind lol

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BignutzisBack posted...

Damn ENZC is tanking again, under 20 cents. It's getting closer and closer to my nickel entry point. I don't want to wish I'll on your guy's stock but I'd really like to open a position as well lol

Ehh, Ive been looking to to buy in some more so Id be ok with it :)

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I can't people are still trying to argue that ENZC to $1 wasn't a pump and dump

ToPoPO posted...

I can't people are still trying to argue that ENZC to $1 wasn't a pump and dump

meh

its been nothing but good news since the merger in December. It moved up with every positive update. Now its dropping regardless of the continued good news along with many other OTC stocks that started dropping at the same time, so I dont consider it a pump and dump.

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Ugh. I hate waiting on money to settle. *eye roll*

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I made a (so far wrong) prediction that US infrastructure ETFs would jump today and have lost like $8 because I overspent.

Should I sell now to cut my losses or ride it out?

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littlebro07 posted...

meh

its been nothing but good news since the merger in December. It moved up with every positive update. Now its dropping regardless of the continued good news along with many other OTC stocks that started dropping at the same time, so I dont consider it a pump and dump.

I'd consider that sudden jump part of a pump and dump.

That being said, it just shows the potential of the stock to rise. I'm more interested in the authenticity and the realistic growth they might have. Probably in the form of the technology actually curing a patient.

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littlebro07 posted...

I still believe in the company and still believe that $5-7 is gonna happen by end of year based on current information.

I like the potential here too but don't you feel that might be a little too much too soon? Like I don't think we can get there just on word of mouth alone. Even if all goes well this year I just can't see it being over $1-2, unless their Cl3 comes along a lot sooner than expected.

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Billyionaire posted...

I like the potential here too but don't you feel that might be a little too much too soon? Like I don't think we can get there just on word of mouth alone. Even if all goes well this year I just can't see it being over $1-2, unless their Cl3 comes along a lot sooner than expected.

Its hard to tell with this one honestly. Like if they just continue making good progress I think 1 or 2 sounds reasonable, but if they make some big breakthrough sooner than anticipated? Yea, 5-7 or even more sounds very plausible

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theAteam posted...

Hoping he'll throw a bone to EV to make my bags a little lighter.

I guess either im lucky or Im getting better at picking the trends. CLF up 15% right now. And CPHT up 14%. X is up too but not as much as those.

I also have been holding TPGY through this entire tech sell off averaging down and loading up despite all the doom and gloom and that up 9% too. Good day so far. Hopefully these gains hold.

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Also was a bit depressed I picked PINS over CHWY. But PINS is doing well today. Feels good seeing green again. Because for a while I was wondering did I pick the right companies. Is the media right time to sell tech.

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CHPT up 18% now holy shit. Thanks Biden

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jeffhardyb0yz posted...

This lol. People hold penny stocks for years. People here are shaking because of a bad 2 down months. Its not in a good position relative to two months ago sure, but watching people flip flop on the stock and making ENZC the boogeyman because they didnt get rich in 2 months where the majority of OTC is down is funny.

Thats not what anyone says though, so youre just spouting nonsense.

Its like this: people who are positive on it say its going up, then when it doesnt people are like, Nope, that sucked, gonna sell and try to get into something that could make more in the same timeframe. Then people who got in when it was way lower are like, Lol at getting upset over losing a bunch of money on the stock I made money on, hold it for years. If you cant see why others would see a problem and you likely dont, its just denial or ignorance.

If I got in at $.001 or some shit, sure, Id be like...hold bitches! Meanwhile, I have faith in making more money elsewhere as I normally do.

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I am super buttmad that I missed out on EEENF.

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Conker posted...

Thats not what anyone says though, so youre just spouting nonsense.

Its like this: people who are positive on it say its going up, then when it doesnt people are like, Nope, that sucked, gonna sell and try to get into something that could make more in the same timeframe. Then people who got in when it was way lower are like, Lol at getting upset over losing a bunch of money on the stock I made money on, hold it for years. If you cant see why others would see a problem and you likely dont, its just denial or ignorance.

If I got in at $.001 or some shit, sure, Id be like...hold bitches! Meanwhile, I have faith in making more money elsewhere as I normally do.

That can be said for any stock though. Will throw out an example. PLTR. Some people bought it at $39. It dropped to like $21 during the tech sell off. And people were having same arguments. With people going hold I got in at $10-19 range. And unlike a lot of other stocks PLTR is bad at telling their story. So it easier to lose conviction if you have no idea what they do or how to value them.

I could be wrong but I think the solution is to find out what a stock does and then think where do you see the stock going short/long term. If you feel it has upside get in. If you think it at the top or upside limited avoid it. Im not into ENZC since I avoid penny stocks but will hold PLTR despite all the controversy around that stock and similar debate happening with them.

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Lebronwon posted...

Some people bought it at $39

$37.10 here

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I bought LOGI at 118, which is its literal peak lol.
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jeffhardyb0yz posted...

This lol. People hold penny stocks for years. People here are shaking because of a bad 2 down months. Its not in a good position relative to two months ago sure, but watching people flip flop on the stock and making ENZC the boogeyman because they didnt get rich in 2 months where the majority of OTC is down is funny.

People are going to need to hold onto ENZC for years if they're bag holders near $1 because of the P&D

GME > ENZC

ENZC seems like it has a lot more bagholders on here and it will probably take more than a year or two to reach $1 again, that's a lot fucking time to hold the bag

That's also assuming that ENZC doesn't just go bellyup, it is a penny stock.

Don't even get me started on SNDL bagholders lmao

What is EEENF? SHOULD I

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LastTomorrow posted...

What is EEENF? SHOULD I

They hit oil, and also found that there was significantly more than they thought

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Hm, seems like quite a few of my massively deep red stonks are up 8-10% today. Thinking about selling them off to make cash for good plays.

How do y'all decide when to cut losing positions? It's so hard for me to walk away.

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BignutzisBack posted...

They hit oil, and also found that there was significantly more than they thought

How's that ATNF squeeze going?

Future_Trunks posted...

i'm just gonna hold ENZC until it has one of those big run-ups but will have to sell at a significant loss

remind me - when did you get in?

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Tryhaptaward posted...

How's that ATNF squeeze going?

It's setting up beautifully, low float, zero shortable shares, and the short percentage of float is 83.6%. Just need some volume now and it will blow, though after reading that the scientist who literally discovered THC is the one leading this I'm kind of hesitant to sell even after it squeezes.

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Lebronwon posted...

That can be said for any stock though. Will throw out an example. PLTR. Some people bought it at $39. It dropped to like $21 during the tech sell off. And people were having same arguments. With people going hold I got in at $10-19 range. And unlike a lot of other stocks PLTR is bad at telling their story. So it easier to lose conviction if you have no idea what they do or how to value them.

I could be wrong but I think the solution is to find out what a stock does and then think where do you see the stock going short/long term. If you feel it has upside get in. If you think it at the top or upside limited avoid it. Im not into ENZC since I avoid penny stocks but will hold PLTR despite all the controversy around that stock and similar debate happening with them.

Nah, not the same for every stock based on intent of investment. The difference being often active investors have an interest to hold longer compared to ones that theyre getting into over short-term hype.

If the purpose is to get in and simply not lose money, thats different than Omg I want to get rich quick! Making a little on some penny stocks is not the same as someone criticizing those people for not wanting to hold for months or years that same person would have suggested itd be up in a few weeks...funny how they change their tune when shit drops like crazy.

Obviously I dont care too much about a few hundred overall, I just would rather cut my losses and put that money into something with a better chance of simply not losing money. Again, thats different than trying to get rich quick or even a few months like people act. It also doesnt require holding something for years.

If my normal strategy can pull in hundreds a month, Id rather put that money elsewhere and it has nothing to do with expecting to make a bunch in the short term on these penny stocks, its about the opportunity cost of not losing money in that same span.

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Lebronwon posted...

So are you all playing the Biden infrastructure bill? Seems like a lot of stocks gonna be pumped tomorrow when he announces what is inside the bill. Im gonna load up on X, CLF, and CHPT.

I'm ready to buy CAT, but freakin' deposit is taking too long.

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jeffhardyb0yz posted...

Congrats, you just described every stock

Nope. Stocks can be a gamble but certainly nobody intelligent would agree not wanting to lose their shirt on an investment is the same as simply being impatient.

If you suggest a stock with support on the company and product that theyre doing well, someone puts in $1000 and a month later they lose $700 of that. Theyre going to question your validity. Then you making excuses and saying theyre impatient is just bullshit nonsense. Just own it and move on, not try to grasp at straws saying its them.

In the same situation but instead they make $1, their investment now being worth $1001, your knowledge and info is still inaccurate but it entirely changes the context of the situation and theyd still be wanting to know wtf you were smoking if you tried to say it was gonna double or triple, etc.

Now, if that person makes a little or loses a little...you still gonna say theyre impatient and should hold for years? The situation changes depending on intent and what was expected to begin with.

If you said it was going to take years to go up a penny, Id not even bother. If you told me it was trending up and could see positive gains in the next few months, I might take a chance. If you tell me its going to go down and it could be a good time to buy in, Id probably wait and see.

Obviously, not all stocks are volatile like that. Penny stocks losing 50+ % of their value in a month is pretty significant and not every stock at all.

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BTC and ETH almost back to their all time highs

MVIS is going off.

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ENZC bleedout is real, FUCK!


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