Board 8 > Stock Topic 27

(+) Yeah! (+)

StartTheMachine posted...

RGBP just knocking down every wall in its path with ease. What a monster. This will go a long way to helping me buy my first home!

I'm up 120,000 today alone this is absurd.

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I cant believe you guys didnt sell Friday after it went up an absurd amount. Id take the profit and run.

I tried getting in for $10k to ride the wave but vanguard doesnt let me buy these types of stocks. Oh well. Good luck guys!

Metal_DK posted...

I'm up 120,000 today alone this is absurd.

I'm up $30k, $120k is incredible!

Yeah, I put in an order to sell some at .075 and get some profits but it didn't fill. Canceled it for now. These stocks almost always face psychological resistance at the .10 barriers so hopefully it gets close today, I sell half, and it has a massive dip.

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Sunroof posted...

I tried getting in for $10k to ride the wave but vanguard doesnt let me buy these types of stocks. Oh well. Good luck guys!

They will soon. They have some financial filings coming out that will allow them to be uplisted to Fidelity, Vanguard and others. So there are still more catalysts.

I only got in on Friday.

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StartTheMachine posted...

Yeah, I put in an order to sell some at .075 and get some profits but it didn't fill. Canceled it for now. These stocks almost always face psychological resistance at the .10 barriers so hopefully it gets close today, I sell half, and it has a massive dip.

i just sold a little at .073. Down to upper 6s as of right now. Honestly might be just a dip but that up from the .04 range to .07+ was so quick that usually corrections happen

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Sounds like you cant get it through robinhood either?

otcs aren't on robinhood

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Sheesh. So much missed potential.

As long as I keep seeing 2 mil+ bids on level 2, I'm not selling. Will sell half at .09. Would be awesome if it hits today.

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Metal_DK posted...

otcs aren't on robinhood

Depends. I think Nintendo is an OTC and I bought some of that on Robinhood. I don't have it anymore because I liquidated it when I joined the Robinhood boycott.

I think TD Ameritrade has OTC stocks though, but you have to pay a commission for them. I believe Fidelity has them commission-free.

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Sunroof posted...

I tried getting in for $10k to ride the wave but vanguard doesnt let me buy these types of stocks. Oh well. Good luck guys!

Vanguard has RGBP

edit - looks like it's there but it's in some special otc group it won't let you complete. Interesting...

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Yeah, there are different tiers of OTC with higher regulations. RGBP is updating some of their financials soon to meet said regulations. At this rate it's going to be a lot pricier for those folks to get in though.

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once it gets current vanguard should allow it i think. I use TD Ameritrade (bought out by Scottrade). Soon turning into Schaub or whatever as well

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I wish I could find what this company actually does

15 year deals 23 catalysts I mean it sounds great and all but it feels like gambling

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Like why even sell half at $0.09 if you believe in the company. Seems like just screwing yourself out of profits? These bio companies tend to gap up on news so I'd want to hold it all rather than trying to profit take there

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I took some profits and already regret it.

Ahh well, gotta be safe and take at least least a little.

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Lopen posted...

Like why even sell half at $0.09 if you believe in the company. Seems like just screwing yourself out of profits? These bio companies tend to gap up on news so I'd want to hold it all rather than trying to profit take there

I don't necessary believe this is really the next ENZC. I'm not smart enough to understand the science, and would rather take the money and be safe. And stocks like this can easily follow up a day like this with a -50% day.

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Lopen posted...

Like why even sell half at $0.09 if you believe in the company. Seems like just screwing yourself out of profits? These bio companies tend to gap up on news so I'd want to hold it all rather than trying to profit take there

always take a little bit. I have 1.5 million shares now that while would suck to sell not near the peak, are guaranteed gains due to selling out other shares for 3x already now.

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I'm just saying you'd be looking at like 20m cap and 0.09 stock price. If there's any value at 0.06 there's value at 0.09

It's either a slam dunk investment or gambling. The latter I'm selling half at 0.09 but I don't want to put any money in to begin with

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Lopen posted...

I'm just saying you'd be looking at like 20m cap and 0.09 stock price. If there's any value at 0.06 there's value at 0.09

the market cap is much higher than 20, but the point is this is still a penny stock above all else, so you lock in a guaranteed win always

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E-Trade has market cap at $15m right now

I guess google has it at $33m though

Which is it?

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Lopen posted...

I'm just saying you'd be looking at like 20m cap and 0.09 stock price. If there's any value at 0.06 there's value at 0.09

It's either a slam dunk investment or gambling. The latter I'm selling half at 0.09 but I don't want to put any money in to begin with

Again, I trade these stocks based on social arb methodology. I was more confident in the hype and it trending than I was in the news catalysts. I don't understand near enough to trade them long term and really invest in one. This is a trade for me, not an investment.

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Lopen posted...

E-Trade has market cap at $15m right now

I guess google has it at $33m though

Which is it?

both of those are wrong. otcmarkets is the place to look at that, because they have the most recent share structures. Almost all those websites have out of date market cap metrics, they aren't good

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So you'd trust social arb methodology even on a stock you can't trust to hold above $0.09?

That's pretty extreme. More power to you I guess but to me it feels like you're going to get burned hard sooner or later. Hopefully you've locked in enough profits by then that it won't matter.

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Metal_DK posted...

both of those are wrong. otcmarkets is the place to look at that, because they have the most recent share structures. Almost all those websites have out of date market cap metrics, they aren't good

So 80m market cap? Wait that was updated on Friday.

Is it more like 160m now because it went +100%?

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plus the preferred shares cap, rgbpp.

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Lopen posted...

So you'd trust social arb methodology even on a stock you can't trust to hold above $0.09?

That's pretty extreme. More power to you I guess but to me it feels like you're going to get burned hard sooner or later. Hopefully you've locked in enough profits by then that it won't matter.

I don't exactly understand what you're saying. I get in these early, I did my research and only bought after I understood the licensing deal, and I hold these for a couple days. I'm sure some people who truly invest will turn $10k into a million on one of these that they hold for months, but that's not my game. I'm more comfortable shooting for 50% returns YoY to take me there. These I play with side money that I reinvest in companies whose business models I understand better.

And yes, social arb is my tool for knowing when to buy. I never chase. Chasing is how you get burned, and that's not my style. I'd much rather sell into greed.

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I mean I just think if you buy entirely on hype without entirely understanding company fundamentals to a point where you can't even confidently place a very conservative floor it feels really risky. Hype alone is whimsical. I've seen stocks pop 100% on total non-news announcements. I've seen them drop after 'good news' too.

What's your exit strategy if for example you bought at $0.04 and it dropped to $0.03 before an announcement? Do you lose 25%? Do you hold until the announcement?

I'm actually interested in this company as a potential long hold because I lost my mom to pancreatic cancer which seems like its thing, so it seems like it'd be I dunno, nice if it was actually a thing worth believing in, but I don't have any idea why it's this low to begin with.

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That is a good point about having an idea of a conservative floor for valuation. I'll keep that in mind. As for buying at .04 - I wouldn't have done that in the first place!

Biotech just isn't my area of expertise sadly. But I suppose it's never too late to learn.

If you go long though, I'll hold a tiny bit out of solidarity with you!

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That's why I'm trying to figure out what the market cap actually is here for the record.

Like their website seems professional looking enough, they have lots of ongoing data/etc, they have a 15 year deal with a bigger company (that was also in the dumpster a few months ago)

I really want to dig into why this company is in the dumpster to begin with.

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Alright in for 17000 shares long at $0.075

We'll see if I average down or not.

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So the big red flag on the deal for me is that the base fee they're receiving is $55k it seems.

There are percentages and such they're getting but that seems like chump change in the grand scheme of things. What is that base reimbursement supposed to symbolize? Is it like their expected revenue per month and frontloading one month? If that is what they're getting then it'd be over half a million a year. For an 80m market cap company that seems really insignificant.

Think I'm gonna be holding a bag on this. Oh well.

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Seems like its stabilizing right around where you bought. I wonder if it will hold here or if this is the start of a correction after all this hype buying

I did buy in at 6.7 (just for 2k shares though). My 15 minute delayed timer was saying 5 cents at the time, i just barely missed a good buy =(

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well see how power hour does

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Lopen posted...

So the big red flag on the deal for me is that the base fee they're receiving is $55k it seems.

There are percentages and such they're getting but that seems like chump change in the grand scheme of things. What is that base reimbursement supposed to symbolize? Is it like their expected revenue per month and frontloading one month? If that is what they're getting then it'd be over half a million a year. For an 80m market cap company that seems really insignificant.

Think I'm gonna be holding a bag on this. Oh well.

Yeah, nobody cares about the 55k payment. 5% percent royalties for 15 years is a pretty crazy deal though. Also their subsidiary, KCL Therapeutics got 50,000 shares of ONPH, valued at around $1.85 million now.

Here comes the EOD selloff. Glad I sold 100,000 shares high .07s. Still holding 500,000. Think this will run tomorrow too. Support is so strong for 100%+ day. We'll see.

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So who's getting in on the Coinbase IPO tomorrow? @red_sox_777 you still in?

StartTheMachine posted...

Yeah, nobody cares about the 55k payment. 5% percent royalties for 15 years is a pretty crazy deal though. Also their subsidiary, KCL Therapeutics got 50,000 shares of ONPH, valued at around $1.85 million now.

Well I care about it because that figure exists for some sort of reason, and if that figure is significant to the company in any context beyond a weekly payment we're looking at a company that is super over-valued at 80m market cap. The company that bought it was in the dumpster a couple of months ago and is only 1b market cap now after that huge recover, so the shares of ONPH are a bit questionable in value too.

I also look at their last reported financials and they were burning 2m a quarter in 2017.

Sold at a $200 loss. Put the money into another 2023 $35 FUBO Call. Still have some cash left over as the FUBO call was worth less than the 17000 shares (sold at $0.061). If it dips a ton I'll get back in but yeah at that price point I got in at I actually really don't like it the more I think about it.

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Forgot about Coinbase. I put the rest of my money into a RIOT put ($48). Wish I did it last week. But I reckon RIOT is a good stock for this week now that the last few weeks volatility has subsided a bit.

One thing I hate about Vanguard is they are so slow to update options. I closed several puts last Friday so that I could open new ones the same day, and they STILL havent updated. So it isnt showing me how much I made yet. Also, whenever I do options it doesnt deduct the investment amount from my buying power, making it really annoying to know how much I have in funds for additional options or stocks.

I think I might dump DNN if it ever gets back to $1.30. It doesn't seem like it's going anywhere anytime soon...

I want to reiterate that selling RIOT puts is pretty OP for the next several weeks minimum, so long as you set your strike price under $49.

Isnt Coinbase immune to the super high last minute price jump somehow?

FUBO losing all of its Friday gains is laughable.

Oh, and DNN sucks. Hate that stock.

I love dnn. Om nom nom

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stocks make me sad

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Im reading that Coinbase is going to open at $300? That cant be right.

$100 billion valuation? sheeeeeeeeeeeesh

my estimated offering placed it somewhere around 450 a share with the amount of shares they were putting out

which is even more insane really.

when a company is anywhere in between 200~500 a share im out!

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yeah I can't buy at the price with a straight face

I do hope that there is a nice crypto pop from it though!

i have an acquaintance that said "i'm taking wednesday off and buying 30k of coinbase, even got the wife's approval". probably friday. i was like, uh...you sure there? he wants the long term hold, the huge bagger. i suggested that maybe he could put that 30k into ether, or something, because of the volatility. or another blockchain company like riot or marathon that might trend the same way.

well today he said, "oh...yeah, i might be getting cold feet here". he gets so bullish on random shit, like Im pretty sure he got BTFO on pltr. again, long on that one. "100 dollar company". doubt hes holding now.

anyway him getting cold feet on trendy stocks means nothing but its amusing to me. especially since i spoke nicely about palantir to him at 12 bucks and 15 bucks and 20 bucks and he finally bought in.

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