Current Events > Stock Market General #38

(+) Yeah! (+)

35 days left to buy SESN as a penny stock

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DandyQuackShot posted...

35 days left to buy SESN as a penny stock

$3.50+ ain't a penny stock

Kinda want to buy more GME at this price point

DandyQuackShot posted...

35 days left to buy SESN as a penny stock

What happens in 35 days?

Tyranthraxus posted...

Hedgies have OTM expiring puts so they're trying to cut losses.

Newb question, whats OTM?

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Admiral_Zero posted...

Newb question, whats OTM?

Out the money as opposed to in the money. As in their options lost money.

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ToPoPO posted...

$3.50+ ain't a penny stock

Kinda want to buy more GME at this price point

Actually, anything under $5 is referred to a penny stock in the industry, lol.

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Amc down 20 percent. Buying the dip cause fuck it, I got 30ish bucks to lose

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Makeveli_lives posted...

Amc down 20 percent. Buying the dip cause fuck it, I got 30ish bucks to lose

You did good.

Fucking basketball court

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Admiral_Zero posted...

Newb question, whats OTM?

OTM means the option expires worthless and you lose the money invested in it.

The math at the bottom is missing a zero but basically they've tied up more than the entire company's float in options. The math is also slightly wrong the put options alone don't amount to more than 100% but that's just citadel. I'm sure if you combined a few other hedgies you'd get more than 100% in puts.



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Mearcstapa posted...

I made a cheap gamble long 75 sh on SOFI at market close. Well see if it pays off.

So far so good

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E_S_M_Z posted...

Actually, anything under $5 is referred to a penny stock in the industry, lol.

I thought it was less than $1 for penny stocks

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CableZL posted...

I thought it was less than $1 for penny stocks

You would think, but they apparently updated it, I assume to reflect inflation.
A $5 stock is now what a $1 stock was when the SEC was established, I suppose.

https://www.investopedia.com/terms/p/pennystock.asp

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E_S_M_Z posted...

You would think, but they apparently updated it, I assume to reflect inflation.
A $5 stock is now what a $1 stock was when the SEC was established, I suppose.

https://www.investopedia.com/terms/p/pennystock.asp

Interesting, good to know.

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Holy shit ENZC closed green

edit: https://twitter.com/intelai/status/1415703709103935492?s=21

guess this is why

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littlebro07 posted...

Holy shit ENZC closed green

Prepare yourself, as tomorrow the streets will inevitably flood with red ENZC blood...


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I'm now above 4935 shares of SLVO. The dividend reinvestment in a couple weeks will put me over 5000. Woo.

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littlebro07 posted...

Holy shit ENZC closed green

edit: https://twitter.com/intelai/status/1415703709103935492?s=21

guess this is why

Let's not try to put logic in the stock market. Doesn't work.

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Thaumaturge posted...

What happens in 35 days?

FDA approval for their first drug Vicineum which will initially be used to treat NMIBC bladder cancer in patients who failed to react to BCG (the standard treatment). Aug. 18th is PDUFA date so will know by then on approval. So far they have a very high chance of approval but shorts are currently bailing out after dilution news came with a very good late cycle FDA meeting this week. But dilution is only for commercialization purposes so holding long on this one. 2022 will be a very good year.

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my get poor slow scheme going off without a hitch

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littlebro07 posted...

Holy shit ENZC closed green

Don't tempt fate, my friend.

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yeah thought i had a green day yesterday for the first time this week, but it was only green cause my monthly contribution.

Sitting at a heft green $50 today so far. Sure it'll plummet back down this afternoon. Rainy Friday. Lawnmower broken after one use. Back hurts. No stock gains

Time to go cry in my office

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So I'm now at 4945.11895 shares of SLVO. I think I'm gonna leave it there for the month. That should get me $524.18 in dividends and that'll all be reinvested. Cutoff date is the 21st and the 26th is payout day.

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Wtf is going on with ENZC today??

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Was there news? I cant find shit lol

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It's a random and chaotic universe my friends

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ENZC going for P&D

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I think there were some huge buy ins. Wouldn't get too excited.

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All I know is that it's single handedly holding up my portfolio on the day

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krazychao5 posted...

yeah thought i had a green day yesterday for the first time this week, but it was only green cause my monthly contribution.

Sitting at a heft green $50 today so far. Sure it'll plummet back down this afternoon. Rainy Friday. Lawnmower broken after one use. Back hurts. No stock gains

Time to go cry in my office

Just think about that badass shower, my man.

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E_S_M_Z posted...

Just think about that badass shower, my man.

it really is nice. don't even need to turn on lights in the morning; bathroom feels like lights are on when it's not dark outside.

i want more money tho. it really is expensive to buy shit for the house

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Sold my SOFI yesterday @ 16.00, and now it's back at 15.50 where I originally bought in.

Maybe I'll get back in and ride it back up.

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krazychao5 posted...

it really is nice. don't even need to turn on lights in the morning; bathroom feels like lights are on when it's not dark outside.

i want more money tho. it really is expensive to buy shit for the house

Yeah, I feel you. I bought my condo 2 years back, and was really shocked at how much I was spending on new furniture, moving costs, household products I now needed, etc etc.

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Ps2Twilight posted...

I think there were some huge buy ins. Wouldn't get too excited.

Theres supposedly a huge PR coming on Tuesday, as well as part 3 of the interview series on Thursday, and yesterday a part 4 was confirmed. Sounds like they might have a lot of big developments - havent had a PR in over a month now.

Guessing this rise today is just a bunch of people buying in anticipation of next week.

Watch it be nothing lol

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I guess OCGN is not hitting $30 today, like someone might have said like over a month ago. I doubted it then and I doubt it today.

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MMEXD (MMEX) almost going to hit sub dollar after its reverse split

what a scam, their subreddit is so sad too

lol I like how the sub picture is the clown emoji

Id be fucking livid if I were in that stock. I think it came up here a few months back and I thought about picking some up

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damn...wish i bought back in MRNA. thought i made big brain move selling at $220, which then dropped below $200, and now today it's at like $280 and joining the s&p and i'm so fucking dumb

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krazychao5 posted...

damn...wish i bought back in MRNA. thought i made big brain move selling at $220, which then dropped below $200, and now today it's at like $280 and joining the s&p and i'm so fucking dumb

I sold apple at the bottom only for it to hit an all time high like 2 months later

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Just bought 130 shares of GUSH, not sure why there has been such a big selloff this week on oil when it is still $70/bbl.

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Whole market selling off this week feels like

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Seeing all this red on SLVO is tough, lol. I wish there was a way I could also see the realized gains from the dividends right next to it.

Since October 2020:
Total gain on SLVO: -2507.04
Total dividends from SLVO: $5057.07

I'm trying to average down because I bought a lot at a relatively high price point, but my average will get better with time.

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CableZL posted...

Seeing all this red on SLVO is tough, lol. I wish there was a way I could also see the realized gains from the dividends right next to it.

Since October 2020:
Total gain on SLVO: -2507.04
Total dividends from SLVO: $5057.07

I'm trying to average down because I bought a lot at a relatively high price point, but my average will get better with time.

idk how much you had invested in slvo then, but i went back to check on vti price october 2020 to determine what the gains would have been. i assumed 100 shares to make it easy and used $177 as the buy in price for $17,700. The gains would have been $4500 at today's price with $213 in dividends. Take that for what you will. I was just curious cause i thought about purchasing SLVO for dividends but chose not to

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I been spending way too much money. I need ENZC to boost me!

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enzc to da moon

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DandyQuackShot posted...

FDA approval for their first drug Vicineum which will initially be used to treat NMIBC bladder cancer in patients who failed to react to BCG (the standard treatment). Aug. 18th is PDUFA date so will know by then on approval. So far they have a very high chance of approval but shorts are currently bailing out after dilution news came with a very good late cycle FDA meeting this week. But dilution is only for commercialization purposes so holding long on this one. 2022 will be a very good year.

Thanks. So it's all but guaranteed to go up?

Thaumaturge posted...

Thanks. So it's all but guaranteed to go up?

Is this enzc related because there's a lot of letters in that post


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Makeveli_lives posted...

Is this enzc related because there's a lot of letters in that post

It's SESN

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Makeveli_lives posted...

Is this enzc related because there's a lot of letters in that post

No relation, but they're both Biotech stocks, so you'll see a lot of the same trends; new drug processing, people get in hoping it'll succeed and go to market, celebrate at every bit of positive news, etc.

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