Board 8 > Stock Topic 27

(+) Yeah! (+)

CaptainOfCrush posted...

I'd buy doge as a half-lark, half-investment whenever it crashes to a penny again, but I don't want to open a Robin Hood account.

I don't see it ever getting quite that low. Enough people have bought into it at these higher price points that there wont be anyone left willing to sell at those values.

I have a hard time seeing it get below 10 cents at this point even.

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Forceful_Dragon posted...

I don't see it ever getting quite that low. Enough people have bought into it at these higher price points that there wont be anyone left willing to sell at those values.

I have a hard time seeing it get below 10 cents at this point even.

beanie babies

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It will inevitably crash harddddd when it starts sliding and people panic sell/sell to buy the dip.

Or maybe it wont!

Its literally based on nothing, anyone whos confident either way is a hack.

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Not sweating missing out on doge. Satisfied w cardano re-asserting it's legitimacy this week.

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I mean DOGE is inflationary by nature baked into the algorithm so it should naturally lose value over time. A crash straight to $0.01 seems unlikely but a crash to $0.05 followed by a slow bleed to $0.01 could happen

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ExThaNemesis posted...

Not sweating missing out on doge. Satisfied w cardano re-asserting it's legitimacy this week.

I've been slowly accumulating "free" Cardana by buying the dip and selling after a 2-5% climb and keeping most of the profit as unsold tokens and repeating ad naseum.

I preferred when it lived pretty reliably between 1.17 and 1.23 but I can still work with it's current fluctuations.

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Tron is back, baby

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I will never trust doge enough to put money in.

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I don't really think this affects BTC or ETH at all. I mean, maybe over the next day or two as newbie retail traders pull cash from Bitcoin to chase Doge, but no instititional investors are going to do that. And the majority of the money now in Bitcoin is institutional.

I was literally just in a 180% trade with RGBP or I might be a little salty I missed out! And again I watched the half I didn't sell go from 180% to like 60% when I sold so yeaaah not selling is gambling. I would also guess it doesn't crash below .10 though.

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few more hours until the next moon mission

enough time for me to get my few hours of sleep in for the day

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whats happening in a few hours
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I hope doge crashes just so marc cuban loses money

Doubled up what I put in doge; just sitting on the rest and seeing what transpires.

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Trying to buy CREX today on Ameritrade, I got the message: "Opening transactions for this security must be placed with a broker."

How bizarre. Never gotten this message before. Anyone know why that is? So I never called TD and currently own no CREX because of it. Strangely enough, TD would allow me to buy CREX warrants. I was that 30k order in for 15 cents haha. But no one sold anything to me.

Well hopefully no news comes out and I'll try to accumulate Monday.

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Doge still holding up decently well too. It might go full Gamestop

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The volume had been tapering off and I was fully expecting a DOGE sell off that would coincide with the friday market closing.

But then it didn't :shrug:

I got into DOGE twice today at .30 and out again around .34-.35 so all my current DOGE tokens are just the leftover profits from previous trades so there's no stress.

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Interesting article. Some are predicting a crash on NASDAQ, apparently. With the volativity of my NASDAQ-heavy portfolio, I'm thinking of pulling some of my money from there and putting them into something else. And that was before this article.

https://seekingalpha.com/article/4419329-nasdaq-entering-mighty-bubble

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I got mail from CREX about an upcoming vote in in May to appoint new directors and also to approve the issuing of shares. I'm don't know what it's for, it just references NASDAQ rule 5635 b c and d. It could be for directly issuing shares to raise capital, or for director/executive compensation, or for using equity in a debt instrument.

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Nasdaq still worries me after the last two mini crashes.

My two biggest ETFs are QQQ and QQQJ in terms of how much I've invested. Thinking about selling partially and taking some gains. I was planning to for a bit when I bought the dip on both and I made some good profit. But maybe they're not the best long term investments seeing as, combined, they're comprised of the top 200 NASDAQ companies.

Might just take my $140 profit and run.

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https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/?utm_medium=android_app&utm_source=share

DFV had GME call options expiring today that were worth millions - instead of selling the options, he exercised them and bought 50k more shares. What a madman.


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Up 608% on my investment in doge. Do i take that initial investment out at 40 cents or just hold?

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I would take everything out if I were you, depends how much faith you have in it

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If I ever ask whether anything more than 50% gains is enough for me to cash out, take away my investing privileges for a year.

Its human nature to always want more. But its nearly impossible to cash out at the absolute high, or even the top 10% even. Keep that in mind.

I've decided to hold out for 420 to see what bullshit happens and then run.

........ Or do i become that guy that used bitcoin to buy pizza

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I believe if DOGE gets above $1 it has higher market cap than Bitcoin. Just keep that in mind. There isn't actually a lot of upside left at this price.

It may not be that exact number but like, total value held in the coins it's actually really high right now. There are just a LOT of coins because it's an inflationary currency.

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Lopen posted...

I believe if DOGE gets above $1 it has higher market cap than Bitcoin. Just keep that in mind. There isn't actually a lot of upside left at this price.

It may not be that exact number but like, total value held in the coins it's actually really high right now. There are just a LOT of coins because it's an inflationary currency.

I am having a hard time processing this post. Explain like I'm an idiot please

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So like

Bitcoin is $60k right now per coin
Dogecoin is $0.40 per coin

The thing is there are like 50000x the Dogecoins in existence as Bitcoins, so if it were to go to $1 the value of all the Bitcoin that currently exist would be only around 6/5 of the value of all the Dogecoin that currently exist.

I don't know the exact ratio but you can look it up, but the point is the value is REALLY HIGH right now and you shouldn't logically expect it to maybe go up much higher than it is. Of course crypto doesn't always follow logic, but the plausible upside here (maybe a 3-5x jump) is much lower than the plausible downside (it could absolutely drop back down to $0.05 or even $0.01).

On top of that Dogecoins also can constantly be mined rather than having a coin cap like Bitcoin so the price will naturally go down over time as there will be more Dogecoins in circulation.

I actually like the currency and think it's more viable at what it sets out to do than Bitcoin is, but right now you're paying for a vehicle to buy Mavericks merchandise pretty much so it probably shouldn't be anywhere near its current value.

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Thank you. So 420 and run it is

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I'd probably sell 4/19 if it goes up a lot leading into 4/20. Sell on the way up rather than trying to time the top.

You really wanna pay tribute to 4/20 put your profits into YOLO ETF.

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So I looked up the numbers, here's the bullish take on Doge.

Quick google says there are currently about 7000x the number of Dogecoins in existence than Bitcoin so if you think it could catch Bitcoin if it gets traction as a payment method, your target price would be $8.50 per Doge

So I guess there is a lot more upside here than I thought. I think the figure I looked up a few months ago was very outdated.

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Partially divested from QQQ. Sold 3/4 shares. I tried to get out of QQQJ by about the same ratio but I selected the wrong time in force, whoops. I can't sell until Monday in the premarket.

My margin loan is paid off, and I'm starting to put in $1,000 weekly. Now I have $1,800 (and another grand if I sell QQQJ partially) for more stocks on Monday. Any ideas on how I should invest? Any good ETFs or stocks I should look into?

And no, I can't use that money to buy crypto, my brokerage doesn't offer it.

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GS crushed its earnings a few days ago and has been going up nonstop for a year. Very non-volatile.

Zachnorn posted...

Any good ETFs or stocks I should look into?

ARKG and ICLN are my ETFs I've been slowly investing in.

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@Metal_DK Not sure if you're still holding or rebought any RGBP now that it's back to these prices, but thoughts on the recent 8-Ks for the commons and the preferred shares? Not too familiar with these OTC stocks as I always just social arb hype trade them, but is it not incredibly sketchy that David Koos is CEO of all three companies doing business with each other? He's CEO of RGBP, their subsidiary KCL Therapeutics, and Zander that they made the deal with outlined in the 8-K. Just found that incredibly bizarre as I've never read any filing where that was the case.

That said, goddamn RGBPP screams insane run potential to me and I bought $14k worth before close. A fraction of the float of commons, more heavily shorted apparently, has some degree of true stability, and has actual institutional investors in LG Capital who own a decent chunk of the stock. It just doesn't seem to have any retail buyers when comparing the volume with the commons, but if some more whales came along, the 180% day RGBP did could look comical in comparison with that setup. Who knows if it ever happens, it needs retail buyers giving it hype, but if it does it could be the craziest run I've ever been in. Or at least give the run I got in AMC with - from 4 to 20 - a run for its money.

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Eh you see that a lot in otc world. Its weird that Koos is CEO of a few of these companies, but Sybleu (his other big company) is not publically traded so I do think its not to shady.

I sold a lot of mine in the upper 6s, real low 7s. Still holding some of my .00s. Might add some here idk. The end of day 8k was pretty surprising, usually dont see that on Fridays at 3:45. But one of the companies that originally was going to sell shares wants to keep them now, so I view that as optimistic.

Also seeing a bullish flag kinda on the daily chart.

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Can someone explain to me the downside in buying a call for a stock that has its earnings coming out the following day? If you buy a call and set the strike price for like $1 higher than its current price then you pay a higher commission. But if it bombs the earnings and goes down, youre protected because you dont own any shares of the stock. But if it pops off because the earnings were great, then you magnify the gains compared to if you bought the stock outright, right?

So in what scenario is buying the stock outright better than buying a call to protect yourself in case the stock goes down? What am I missing?

Edit: It just seems like with buying a call the only way to make a profit is if the stock goes up way over even your strike price. Not sure how to properly use these.

There was a major sell-off on a variety of crypto's about an hour ago at around 8:30 - 8:40 PM PST. You can see the same pattern dip at that time on a ton of different tokens and followed by a varied level of recovery. VET For example fell from .2078 to .1620 or about 22% during that 10 minute span.

Now personally I had some buy orders set on a few tokens that I keep quite a bit below the current trading price hoping to capitalize on a sudden dip/recovery, but unfortunately my targets were just a bit too low across the board so none of them triggered. I had a buy order on VET at .1601 so that one was a particularly narrow miss because I'm sure there wasn't a lot of volume parked between .1619 and .1602.

But I've no idea what caused such a synchronized event across so many tokens. And while some are at their pre dip levels already others are still 10% down.

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Still feeling that everything is overvalued, especially crypto. Been watching some videos lately and I saw this one about a crash. What's interesting about this though is that there might be a reduction in margin debt because borrowing on margin has been slowing lately. I agree that we could see people start to reduce margin usage. After all, we've already seen a big margin call with Archegos. With the market dipping in February, I could see some people getting fearful about a crash and additional margin calls so they may reduce positions as a result.

https://www.youtube.com/watch?v=NqKkHj5DPT4

That said, I've only been playing with stocks for about 3 months so I don't have a lot of experience, but this is what's making sense to me.

HBSC blacklisted stocks that hold a lot of crypto on their balance sheets. Thats what I am guessing led to the sell off but it could just be whales taking profits like last time.

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neonreaper posted...

HBSC blacklisted stocks that hold a lot of crypto on their balance sheets. Thats what I am guessing led to the sell off but it could just be whales taking profits like last time.

It would have to be the same whale with positions in a ton of different cryptos all at the same time. It was bizarre.

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Sunroof posted...

Can someone explain to me the downside in buying a call for a stock that has its earnings coming out the following day? If you buy a call and set the strike price for like $1 higher than its current price then you pay a higher commission. But if it bombs the earnings and goes down, youre protected because you dont own any shares of the stock. But if it pops off because the earnings were great, then you magnify the gains compared to if you bought the stock outright, right?

So in what scenario is buying the stock outright better than buying a call to protect yourself in case the stock goes down? What am I missing?

Edit: It just seems like with buying a call the only way to make a profit is if the stock goes up way over even your strike price. Not sure how to properly use these.

Yeah the big thing is for calls to be profitable with earnings is you have to be VERY right, not just a little right, unless you buy calls way lower than the current price-- but if you do that you're not really exploiting the greater leverage

So like if a stock goes up like $1 after earnings you'll make a bit with the shares, but with a call you probably won't make anything because of the contract premium, especially since those tend to go up if you cross over an earnings call

I think on the whole if you're picking stocks you believe in you'll do better with the call strategy though. The key is to actually use the greater leverage to reduce your stake. So for example if the moonroof strategy is to buy 25k worth of shares maybe just buy 2.5k worth of calls. That way if the calls go to 0 (and they often will) you don't lose much.

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Makes sense. Thanks!

So I mean, here's the thing with buying calls like that, you have to have a conservative estimate of where you expect the price to go after earnings

So say a stock is at $80 and you expect earnings will push it to $85. Instinctively you're like "oh well I'll buy the $85 call for end of week!" right? Well, no. You need to consider contract price. Say the contract is $2 a pop. That $2 is coming straight off your profit margin, so really, you need to buy the $83 call. BUT thats just breaking you even, so really, you need to buy the $82 or $81 call, which will be even pricier than the $83 call and further eat into your profits, to make money.

So I mean there are plays to be made, but picking the price isn't entirely intuitive even if your thoughts on the stock are solid.

And of course you could always be wrong. Then be prepared to lose 80% of your investment rather than 10%, which is why you need to keep your stakes low.

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Buying calls seems like its only worth it when youre confident its going to go up a lot. Like, at least 5%.

Depends on the contract premium and how confident you are. Not really a universal thing

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you should play earnings moonroof

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I did. Won some, lost some. Seemed totally random.

Speaking of earnings, Netflix and Snapchat both have theirs coming out. Im sticking to my $1,000/month option game, but I reckon both these stocks are going to do well.