Board 8 > Stock Topic 36

(+) Yeah! (+)

Im going to pay my taxes before investing any further. Ill try getting that done in a few weeks or so.

Very nice day

AMZN doing a 20 for 1 split

Menji posted...

AMZN doing a 20 for 1 split

Wow. Legendary

My experience with stocks that split is that they go up and up until the day of split. Then they go down a bit but resume going up.

Any idea when the day will be?

Menji posted...

AMZN doing a 20 for 1 split

I called this when Google did the 20:1 and had someone say "nah won't happen soon" wish I remember who it was

Mid range calls on Amazon were still a bad idea because of the war stuff but yeah

Moonroof posted...

Any idea when the day will be?

Look like June

Lopen posted...

I called this when Google did the 20:1 and had someone say "nah won't happen soon" wish I remember who it was

Mid range calls on Amazon were still a bad idea because of the war stuff but yeah

That guy gotta be real dumb

I miss when we weren't in a bear market

BBIG put off the dilution vote until July

That makes me very happy because it means they want it after Tyde has had some time to settle

I think Tyde form 10 comes March 26 (60 days from amendmended form), first available day to announce would be March 28th.

You could make the record date April 8th or April 15th at that point. I think they just go for the 8th. I think you'd inflict maximum pain on shorts by getting the record date pump AHEAD of the supernova April 15th option chain. But they definitely want it at either of those. They aren't stupid and see the options there.

So if you wanna gamble I'd go with a ton of calls on April 22nd. Me I'm dumping all my calls into the July chain at this point. Have plenty enough in April 15.

Why I damn margin equality Called so I can't sell my calls F

I made out on the calls I couldn't sell

So my BBIG calls are going up in value despite price going down

I think this means there is a lot of pressure on call buying forming. Like. It's already absurd. Keep in mind I have some for literally next week that are going up despite being for $3.50.

I kinda think gap up next Monday. We'll see.

I received some long term incentives from my company and have no idea how these time based restricted options work.

That's a problem for when vesting hits, i guess

bear market fucking us all huh :8(

Funny thing is my portfolio value is close to the same because BBIG has only lost like $0.15 in the past 3 months.

Though I've lost a lot of time value on my options so that's made the numbers go down. Price target is the same though so I don't really care that these $10 call options are now worth $0.05. Still think it punches into that with Tyde.

I lost so much money that I became apathetic
However, seeing today filled me with hope. If the Fed rate hike announcement makes the market nosedive, it will break me mentally
I don't think I will be able to stomach it

Depends on whether hedge funds are done shorting the market yet or think they can continue to push their luck

Realistically any fed rate hike should be priced in at this point, so you can't expect the market to go down as a result based on being rational

But it's not about rationality. It's all going to be about spin from the media

"It wasn't worse than expected" - shorts cover a bit, market goes up
"OH NO THE RATE HIKE WE ALL KNEW WAS COMING IS HERE" - more shorting

Realistically the market is going to do what the market is going to do no matter what is said. I personally think it will go up because China has pledged to keep supporting the foreign market-- at some point big Chinese money will buy the dip if they get too greedy. Also because it's officially a bear market now more people will be buying puts so there's less incentive to relentlessly drive everything down.

I mean if the rate hike isn't what is expected, then yeah it might go up or down more or less. But it probably will not be all that different and markets will do what gets them the most money.

Market doesn't seem to like the Fed stuff. But there does seem to be good news with peace negotiations between Russia and Ukraine nearing a deal.

QQQ stop loss hunting more transparent than a biopharm pennystock at this point

This market is a sham

Either that or the market is loving Powell's press conference. But uh yeah, never use stop loss orders. This has been known for probably 100 years at least. At this point if you persist in using them, don't complain about getting sold out at the bottom.

Also, I missed a +75% move in LK between yesterday and today. Saw it at the bottom and hesitated. Darn it.

Stop loss orders have managed to screw me over so much that I ended up becoming a buy and hold investor.

It's been a long time since I've actually sold anything, to my detriment.

The sad truth is the market doesn't actually care about current events on a day to day basis as it works on a level that has already seen stuff like this coming.

The only reason the market reacts to them is a ploy to trick people into panic selling/buying. Markets are going up because banks need more liquidity and short selling has been over-extended. The fed talk is completely irrelevant today. QQQ dipped and then pretty much instantly resumed its trajectory.

Window to invest at a discount is probably rapidly decreasing. Bear markets historically don't usually last for more than 6 months-- we're over 3 months into this one

I'm just hoping we get a TYDE news drop before the bear market ends. I mean the benefit to being on BBIG is I've kinda been insulated from the market after it tanked my holdings late last year before the market tanked, but I would like to get some discounts.

Options baby.

Lopen, let's go, let's do it

Bought Puts then

Sold them baby let's H9({I because things go UP

Qqq calls for UP

I am a genius

One more filing for Tyde

Looks very minor clean up

Tyde approval looking imminent. Huge OI on 2.5c this week and looks like we will crack 2.5. Great time to get in if you were considering BBIG

Moving upward yes let's go

The futures keep going red but the market keeps going green

I halted a buy order of $1,000 on Monday and I'm regretting it. Though, I've now made back most of the money I've lost since the start of the year.

Damn I mess up

Heart breaking finish for bbig. Manipulated hard out of the 2.50c being ITM. Manipulated the point where most brokers had it at 2.50 then retroactively moved it to 2.49.

If it's at $2.50 even it's still worthless though no?

red sox 777 posted...

If it's at $2.50 even it's still worthless though no?

Well the point is anyone who sold calls this week for $2.50 would need to buy their shares back which creates more upward pressure on the price. Because they were out of the money they don't have to now.

People who bought are probably still exercising if they can given the AH movement so in the end it's a small screwjob not a massive one but yeah

Lopen posted...

Well the point is anyone who sold calls this week for $2.50 would need to buy their shares back which creates more upward pressure on the price. Because they were out of the money they don't have to now.

People who bought are probably still exercising if they can given the AH movement so in the end it's a small screwjob not a massive one but yeah

I mean, I thought that something that ends exactly at the money is functionally equivalent to out of the money. So it would need to end at $2.51 to be in the money. I could be wrong.

If it's at $2.50 the calls are considered in the money and will get exercised by default if bought or sold.

Think about it this way-- if the stock price is $2.50 and you owned say 20000 calls, you'd get 2 million shares for $2.50 a pop guaranteed.

Now consider what would happen if you were to buy that many shares at market. Yeah you would get some at $2.50 but you can be sure the price would start to move up after 1 million shares are purchased. It's a break even conceptually, but functionally, not really.

Now realistically in cases of such high open interest I would say you would be smart to exercise your calls if you were big money who could afford to exercise them (especially since the price moved well above $2.50 in AH). And that's why I say its not as big a screwjob as it could be. If big money bought calls they're probably exercising anyway-- and robinhood gamblers probably weren't exercising anyway.

But with SOLD calls it's a big deal. Forcing people who are selling calls to give up their shares would matter a lot because presumably they would want them back and so would rebuy them come Monday (or after hours/pre-market) which would move the price up

Looks like the screwjob caught some eyes

"Trey's Trades" going for BBIG. I guess he has a lot of followers or something

Up 30% 30 minutes into pre-market?

Let's roll that beautiful fomo footage

Looks like over a million volume

Do not buy this is "Trey" think Tyde is coming

I'm a little worried my friend might become an addict. He got a new high paying job and now he keeps bringing up different penny stocks that he's gambling on.

I feel like I could be the exact same way if I made more money, though.

CaptainOfCrush posted...

I'm a little worried my friend might become an addict. He got a new high paying job and now he keeps bringing up different penny stocks that he's gambling on.

I feel like I could be the exact same way if I made more money, though.

I have a millionaire uncle who advised me against getting into stocks for this exact reason. He said sure it's possible I make money doing it, but it's also possible it becomes an addiction and hurts the rest of my life.

He still has interesting passive strategies like investing in triple leveraged funds at times but he doesn't try to pick stocks for that reason

As long as he's got good habits and doesn't overinvest it's all good fun. Especially if he's diversifying his penny portfolio and isn't bombing one.

But I mean I live a 35k lifestyle off a 70k income and dump the excess in stocks so I might be the wrong guy to speak here

I was worried I was getting addicted too at one point and I actually looked into it. Gambling addiction organizations often do see day and swing trading as a form of gambling addiction. There's not as much support because the stock market isn't considered to be gambling like a casino or lottery would be.

That said, it might be helpful to look into getting help for him if he is becoming addicted to the gambling aspect of it.

I broke free of it only after losing about $4,000 on stock valuations. I'm still recovering (as in, I'm still down $1,000 betting on SOFI), but I'm making more reasonable choices and have made most of it back on sensible, diversified investments like ETFs.

I bought 15 4.5c and 30 5c that expire Friday. Fired $200 into the incinerator.

Or so I thought. I'm up 50% and 30% respectively on them despite the price being down from when I got them

This pop is gonna be violent and it starts this week, I'm sure of it.

Wow

MULN was up to $4 at one point today now it's below BBIG

Makes me wonder if BBIG is trying to be shorted into the earth like Muln and they're all being om nom nomed. That or Muln is having actual profit taking today and it isn't all BS. BBIG retail is all bag holding so no profit taking lmao.

What an exciting day to be watching the stock market.

Zachnorn posted...

I was worried I was getting addicted too at one point and I actually looked into it. Gambling addiction organizations often do see day and swing trading as a form of gambling addiction. There's not as much support because the stock market isn't considered to be gambling like a casino or lottery would be.

That said, it might be helpful to look into getting help for him if he is becoming addicted to the gambling aspect of it.

I broke free of it only after losing about $4,000 on stock valuations. I'm still recovering (as in, I'm still down $1,000 betting on SOFI), but I'm making more reasonable choices and have made most of it back on sensible, diversified investments like ETFs.

Much of the problem is self-inflicted in the sense that people get upset emotionally about losses that are completely normal. As long as the decision was solid, a bad result should not be a reason to get upset. If you cannot deal with the losses emotionally, I guess you probably shouldn't do this, but this is a learnable thing. The thing to learn is that there is a great deal of unavoidable unpredictability in the market, and the more frequently you trade the more chaos there is. That you picked the wrong stocks does not mean your picks were bad. That you picked the right stocks does not mean your picks were good. You could be lucky/unlucky. So don't beat yourself up.

There's also bad decisions in betting too much/not diversifying enough. That is a serious problem financially, and should be treated as being within your control. Because it is. And overbetting will likely lead to losing most of your net worth if you keep doing it.

HeroicCrono posted...

And overbetting will likely lead to losing most of your net worth if you keep doing it.

Well on penny stocks I absolutely agree, especially since a lot of people who jump on pennies are not researching the stock fundamentals and are just looking into technicals/short interest/etc

With safer stocks it's actually pretty unlikely you grab Enron or Blockbuster

HeroicCrono posted...

Much of the problem is self-inflicted in the sense that people get upset emotionally about losses that are completely normal. As long as the decision was solid, a bad result should not be a reason to get upset. If you cannot deal with the losses emotionally, I guess you probably shouldn't do this, but this is a learnable thing. The thing to learn is that there is a great deal of unavoidable unpredictability in the market, and the more frequently you trade the more chaos there is. That you picked the wrong stocks does not mean your picks were bad. That you picked the right stocks does not mean your picks were good. You could be lucky/unlucky. So don't beat yourself up.

There's also bad decisions in betting too much/not diversifying enough. That is a serious problem financially, and should be treated as being within your control. Because it is. And overbetting will likely lead to losing most of your net worth if you keep doing it.

I just don't stock pick anymore. I'm adding to some of my positions, but I haven't opened new ones in months. I'm currently down on good companies like Disney.

I think the main reason why I lost money is because things got really busy at work and I couldn't research companies or react to news quick enough, which hurt me. I also felt burnout. Even when I did well with my stock picks, my wins were countered with my losses somewhat, to the point where I was getting similar results just buying VOO and SCHD. So I've been doing that and looking into ETFs that track other things. My IRA has a suggested portfolio and I wish I thought of buying a commodity ETF in my main portfolio, for example. I'm still considering buying gold that way.

Amazon keeps going up.