The Official Stock Market Thread - Page 64

finfangfan · 04-29-2021, 01:40 PM

Quote:

Originally Posted by xbignick

Anyone watching the stock draft on CNBC right now? A twitch streamer I watch is one of the drafters.

So far:

1. Bitcoin
2. Amazon
3. ARKK
4. Google
5. Disney (guy I watch)
6. TAN ETF

Just turned it on and Kevin O’Leary picks Palantir (PLTR). Here’s hoping it has a great year!

finfangfan · 04-29-2021, 01:41 PM

Cramer called PLTR “Best of the memes” lol.

finfangfan · 04-29-2021, 01:45 PM

Quote:

Originally Posted by Josh611

I'm not sure if they will or not but if it's a big enough split and I can own 100 shares and sell calls against the position, I'm game for it.

I’m surprised we haven’t seen more splits recently to be honest since both Tesla and Apple popped after their splits.

xbignick · 04-29-2021, 01:46 PM

Kevin O'Leary chose PLTR, some people on here will love that.

Guy I watched picked Disney and Starbucks (wanted PLTR 2nd round).

GeechQuest · 04-29-2021, 01:59 PM

Never understood PLTR and the valuation. I’ve bought and sold it 3 times because meme stonks are fairly easy short flips, but just don’t see it long term.

finfangfan · 04-29-2021, 02:02 PM

Quote:

Originally Posted by GeechQuest

Never understood PLTR and the valuation. I’ve bought and sold it 3 times because meme stonks are fairly easy short flips, but just don’t see it long term.

I started it as a swing play and booked a decent gain. I think it’s a good one to accumulate under $25.

xbignick · 04-29-2021, 02:22 PM

Well Hello DPZ.

cnewby · 04-29-2021, 02:29 PM

10% for KRUS today

TheWrightStuff · 04-29-2021, 02:32 PM

I don't usually play with penny stocks. But, FAMI has me interested after the huge dip today. Going to put in $1k and see what it does. I think after this stock offering, it will double up.

finfangfan · 04-29-2021, 02:52 PM

Quote:

Originally Posted by cnewby

10% for KRUS today

I love that stock but sold out my position and am waiting on a dip that never happens.

cnewby · 04-29-2021, 02:54 PM

Quote:

Originally Posted by finfangfan

I love that stock but sold out my position and am waiting on a dip that never happens.

I bought in this morning again for no reason at all. Considering selling now and waiting for an actual dip.

finfangfan · 04-29-2021, 03:03 PM

Quote:

Originally Posted by cnewby

I bought in this morning again for no reason at all. Considering selling now and waiting for an actual dip.

They have a “wealthy parent” in Japan that seems poised to insure “their kid” is a success in the US. I love their growth story over the next 10 years. COVID was a setback on short term growth, but maybe a benefit in the long term if it serves to free up more available real estate spots nationwide as other restaurants close.

finfangfan · 04-29-2021, 03:12 PM

And boom AMZN rockets on a great earnings report!

GeechQuest · 04-29-2021, 03:56 PM

Quote:

Originally Posted by finfangfan

I started it as a swing play and booked a decent gain. I think it’s a good one to accumulate under $25.

I just can't get to the market cap and don't see how it doubles into $80B company.

I just can't see the path. I'm dumb, but I want upside with moderate downside and if old school valuations ever come back something like PLTR gets crushed.

I absolutely love the product, but too many government deals and too few clients currently. The DOD usage for this leads me to believe (probably incorrectly) that this product would only be allowed to be sold to our allies. I want what I think could be a global product, and I feel this technology is capped.

finfangfan · 04-29-2021, 04:05 PM

Even if you don’t see it as a long term hold it still works as a low $20’s/ high $20’s swing I think. My plan is to keep 500 shares longterm and swing any shares I hold above that amount over the next X months.

GeechQuest · 04-29-2021, 04:38 PM

Quote:

Originally Posted by finfangfan

Even if you don’t see it as a long term hold it still works as a low $20’s/ high $20’s swing I think. My plan is to keep 500 shares longterm and swing any shares I hold above that amount over the next X months.

I don’t disagree, I just absolutely suck at swing trading. Inevitably I always lose more that way. I’m also dumb.

cnewby · 04-29-2021, 04:50 PM

Quote:

Originally Posted by GeechQuest

I don’t disagree, I just absolutely suck at swing trading. Inevitably I always lose more that way. I’m also dumb.

Dum**

JMarchand1981 · 04-29-2021, 05:46 PM

Quote:

Originally Posted by xbignick

Well Hello DPZ.

Pretty sure I have said this every time you bring up DPZ.

They are winners. That company is a winning company. The food is dog poop, but the stock is a different story.

xbignick · 04-29-2021, 10:00 PM

How do you guys reconcile of selling timeline vs. price target? I have a newer account where I said I won't touch anything for a year but something I purchased has already run past my hopes for it.

Stick with rule of no touching anything for a year? Take profit and move money to another position?

Quote:

Originally Posted by JMarchand1981

Pretty sure I have said this every time you bring up DPZ.

They are winners. That company is a winning company. The food is dog poop, but the stock is a different story.

I'm a big boy so of course have eaten my fair share but can't believe my dad loves the stuff. The only thing I appreciate locally is their delivery speed.

cnewby · 04-30-2021, 07:14 AM

Quote:

Originally Posted by TheWrightStuff

I don't usually play with penny stocks. But, FAMI has me interested after the huge dip today. Going to put in $1k and see what it does. I think after this stock offering, it will double up.

surging in premarket.

finfangfan · 04-30-2021, 08:34 AM

Quote:

Originally Posted by finfangfan

Ended up buying 1 share of AMZN at $3,424.03. I told my nephew I would “round down” on his birthday and Christmas gifts if it tanks! Lol

Ended up selling this AMZN share at open for $3,515 after watching last night’s post-earnings surge dwindle. Was kind of hoping for a split announcement.

At any rate, I will see how things look today before adding anything. Might add to my BABA which is at $231 now and/or COIN which is at $292 now.

GeechQuest · 04-30-2021, 09:38 AM

Quote:

Originally Posted by GeechQuest

TLDR: I know eBay better than I know most companies, but that doesn’t say a lot at all. My portfolio is like 65% AUPH, which is probably the worst stock in 2021.

Greed and hubris....

finfangfan · 04-30-2021, 09:57 AM

Quote:

Originally Posted by GeechQuest

Greed and hubris....

They (AUPH) are having a nice day... congrats!

In the realm of eBay, I have had Mercari (MCARY.OTC) on my watchlist for awhile. It’s OTC and very lightly traded tho... current volume on the day is <1,000 shares ... so I’ve avoided it. Maybe if it drops to the teens (current price $24.08) I will put a little into it.

patchgenie · 04-30-2021, 12:29 PM

i added 200 AUPH today at 13.60.

going to do these trades:

CWH calls on Monday. earnings is may 4th before market opens.

CVM puts before may 15. probably the 13th.

ACEV June $10 calls near the end of May. deal should close near the end of may.

JMarchand1981 · 04-30-2021, 06:05 PM

Quote:

Originally Posted by xbignick

How do you guys reconcile of selling timeline vs. price target? I have a newer account where I said I won't touch anything for a year but something I purchased has already run past my hopes for it.

Stick with rule of no touching anything for a year? Take profit and move money to another position?

I'm a big boy so of course have eaten my fair share but can't believe my dad loves the stuff. The only thing I appreciate locally is their delivery speed.

Have an exit strategy before you enter.

Have it for a reason.

Never deviate from your plan. Ever.

Your exit strategy should have both a high and low number (what you want to make versus what you can stomach losing).

Remove emotion from investing. That is what separates pros from amateurs.

04-29-2021, 01:46 PM	#1579
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,309 xxbignick	Kevin O'Leary chose PLTR, some people on here will love that. Guy I watched picked Disney and Starbucks (wanted PLTR 2nd round). __________________ @xxbignick on twitter

04-29-2021, 02:22 PM	#1582
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,309 xxbignick	Well Hello DPZ. __________________ @xxbignick on twitter

04-29-2021, 02:29 PM	#1583
cnewby Member Join Date: Sep 2012 Location: MI Posts: 18,545	10% for KRUS today __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

04-29-2021, 01:41 PM	#1577
finfangfan Member Join Date: Oct 2013 Posts: 12,042	Cramer called PLTR “Best of the memes” lol.

04-29-2021, 01:59 PM	#1580
GeechQuest Member Join Date: Jan 2014 Location: Cedar Park, TX Posts: 10,779 GeechQuest	Never understood PLTR and the valuation. I’ve bought and sold it 3 times because meme stonks are fairly easy short flips, but just don’t see it long term.

04-29-2021, 02:32 PM	#1584
TheWrightStuff Member Join Date: Aug 2017 Location: Texas Posts: 6,839 Nathan104	I don't usually play with penny stocks. But, FAMI has me interested after the huge dip today. Going to put in $1k and see what it does. I think after this stock offering, it will double up.

04-29-2021, 03:12 PM	#1588
finfangfan Member Join Date: Oct 2013 Posts: 12,042	And boom AMZN rockets on a great earnings report!

04-29-2021, 04:05 PM	#1590
finfangfan Member Join Date: Oct 2013 Posts: 12,042	Even if you don’t see it as a long term hold it still works as a low $20’s/ high $20’s swing I think. My plan is to keep 500 shares longterm and swing any shares I hold above that amount over the next X months.

04-30-2021, 12:29 PM	#1599
patchgenie Member Join Date: Aug 2009 Posts: 7,071 americansportscards	i added 200 AUPH today at 13.60. going to do these trades: CWH calls on Monday. earnings is may 4th before market opens. CVM puts before may 15. probably the 13th. ACEV June $10 calls near the end of May. deal should close near the end of may.