The Official Stock Market Thread - Page 74

MC80_LCM · 06-03-2021, 01:15 PM

Quote:

Originally Posted by mrmike79

Hope you bought the dip after selling

Wish I had bought more when it dipped under $40. Still holding.

finfangfan · 06-03-2021, 05:17 PM

Quote:

Originally Posted by xbignick

If I was making a list of likelihood I'd put Porsche probably in bottom half of top 10, likely even outside it.

Betting favorite would probably be Bloomberg but I'd probably take the field rather than any assumed choices if challenged on it.

So where was Universal Music ranked on your list?

https://www.cnbc.com/2021/06/03/bill...urce-says.html

patchgenie · 06-03-2021, 05:20 PM

UMG was supposed to be spun off at the end of the year. subway might have been better

kind of silly.

xbignick · 06-03-2021, 05:46 PM

Quote:

Originally Posted by finfangfan

So where was Universal Music ranked on your list?

https://www.cnbc.com/2021/06/03/bill...urce-says.html

Actually next to Porsche lol.

Started seeing it in rumors last week.

xbignick · 06-03-2021, 06:02 PM

Hour late on the news since making dinner so have to digest it (like my dinner). I see the initial reaction was a ~10% drop with some recovery since.

Initial take: seems fairly valued, just not an area of interest for me.

Josh611 · 06-03-2021, 06:49 PM

Call me crazy but I shorted Tesla today.

Long, long F and GM.

ninjacookies · 06-03-2021, 08:26 PM

Stonk pleb on the czech in.

In on the BB diamond hand train@$15.20.

Bring me $25 or bring me death.

quackhead · 06-04-2021, 01:01 AM

How bad is a "death cross" for a stock?

finfangfan · 06-04-2021, 07:48 AM

Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies

https://www.cnbc.com/2021/06/04/pala...on-health.html

cnewby · 06-04-2021, 08:41 AM

bought back into AMC at open today. Looking for a quick flip again.

jcardstore · 06-04-2021, 08:47 AM

Quote:

Originally Posted by Josh611

Call me crazy but I shorted Tesla today.

Long, long F and GM.

I don’t think this is crazy at all. Tesla is not going to be successful as a car mfg. companies like Ford and GM are already putting out EVs and they have the trifecta of brand power, mfg capacity, and established supply chains.

If I were Tesla I’d be scrapping the entire idea of manufacturing the cars themselves and focus on innovating with battery tech and licensing the semi autonomous software where they have huge advantages over the rest of the market

persona · 06-04-2021, 08:50 AM

Quote:

Originally Posted by persona

ATOS set up to go parabolic.
APYP great OTC play with huge growth within next few months.

ATOS still has at least another 50%+ coming this month.

cnewby · 06-04-2021, 08:54 AM

Quote:

Originally Posted by persona

ATOS still has at least another 50%+ coming this month.

I trimmed 20% yesterday. Going to ride the rest for a while. Thanks for the suggestion.

finfangfan · 06-04-2021, 09:41 AM

Added to my DMYI position today (IONQ spac). It’s been inching above the $10 level so hopefully it will get a spike once merger completes.

I also added back into GENI. I’ve done really well trading this one this year (as GENI and as it’s spac ticker DMYD) so thought I’d dip back into it now that it is back in the low $20’s.

finfangfan · 06-04-2021, 02:56 PM

Sold off my APPH for a 6% gain in 4 days. Bought back into COIN at $228.47… plan to sell if/when it crosses its dpo price of $250.

ninjacookies · 06-04-2021, 05:32 PM

Quote:

Originally Posted by ninjacookies

Stonk pleb on the czech in.

In on the BB diamond hand train@$15.20.

Bring me $25 or bring me death.

SL hit.

Back to traditional charting I go.

Josh611 · 06-04-2021, 07:02 PM

Quote:

Originally Posted by jcardstore

I don’t think this is crazy at all. Tesla is not going to be successful as a car mfg. companies like Ford and GM are already putting out EVs and they have the trifecta of brand power, mfg capacity, and established supply chains.

If I were Tesla I’d be scrapping the entire idea of manufacturing the cars themselves and focus on innovating with battery tech and licensing the semi autonomous software where they have huge advantages over the rest of the market

I agree, autonomous is key here. Tesla isn’t going to stop making the cars though. Whoever nails the autonomous car first will get a huge bump, but the thing is they’ll all have it in due time. Ford and GM are both working with Google, and I’m sure other companies are doing the same. It’s going to happen, and all are gonna have it.

I’m not an engineer or a car guy, but from the people I’ve talked to these EVs will be just like computers needing updates and software updates. There’s gonna be some great subscription revenue for the auto makers. Now I think this will take some time for the companies to really make money from this but it’s coming.

Josh611 · 06-04-2021, 07:04 PM

Quote:

Originally Posted by quackhead

How bad is a "death cross" for a stock?

It’s a bit of a lagging indicator IMO. I mean by the time the golden cross happens the stock has usually broken out anyway.

I pay much more attention to the golden/death cross in shorter 1H,4H time frames. I’ve found that is a better indication of short term momentum.

babyfaceposey · 06-05-2021, 11:29 AM

Naked shorts trending on twitter. Lol

blackandgold · 06-05-2021, 06:20 PM

Quote:

Originally Posted by babyfaceposey

Naked shorts trending on twitter. Lol

You getting in on it?

salthill · 06-05-2021, 07:11 PM

Quote:

Originally Posted by Josh611

I agree, autonomous is key here. Tesla isn’t going to stop making the cars though. Whoever nails the autonomous car first will get a huge bump, but the thing is they’ll all have it in due time.

It’s fundamentally a much much harder problem than the car companies (well, Tesla anyway) would have you believe. We’re not getting JohnnyCab any time soon.

GeechQuest · 06-06-2021, 09:27 AM

My moves for this coming week:

Sell 1/21/22 Puts on PFMT @ $2.5 for $0.25. Collect 10% return on premium.

Use the premium and buy shares.

possom813 · 06-06-2021, 05:08 PM

I'm still learning, and I've got the "buy high, sell low" mastered

I don't know how to check shirt interest and the float and all the other buzzwords floating around

I do look at everything I can on fidelity and Robinhood and what I can find on Google.

So I noticed that Rolls Royce (rycey) has a 12.75b market cap and is trading around 1.50 per share

AMC has a 14.97b cap and was trading in the 9-12 dollar range before last week.

I know it has something to do with AMC being shorted for the spike, but prior to.

I've looked at a few others and it seems like stocks with 10-15 billion market cap tend to trade around 6-14 bucks, on average.

Why does rycey not follow suit? Is there something I need to look for that would explain it?

Josh611 · 06-06-2021, 06:07 PM

Quote:

Originally Posted by possom813

I'm still learning, and I've got the "buy high, sell low" mastered

I don't know how to check shirt interest and the float and all the other buzzwords floating around

I do look at everything I can on fidelity and Robinhood and what I can find on Google.

So I noticed that Rolls Royce (rycey) has a 12.75b market cap and is trading around 1.50 per share

AMC has a 14.97b cap and was trading in the 9-12 dollar range before last week.

I know it has something to do with AMC being shorted for the spike, but prior to.

I've looked at a few others and it seems like stocks with 10-15 billion market cap tend to trade around 6-14 bucks, on average.

Why does rycey not follow suit? Is there something I need to look for that would explain it?

Market cap and stock price don’t really have any correlation between companies. The market cap is determined by the shares outstanding multiplied by the the share price. Don’t buy a stock because the share price is low. Chipotle has around a 40B market cap and a $1,300 share price. They just simple have less shares.

Hope that makes sense.

As for checking the short interest, checkout Finviz.com.

Hope that helped.

JMarchand1981 · 06-06-2021, 07:21 PM

Quote:

Originally Posted by possom813

I'm still learning, and I've got the "buy high, sell low" mastered

I don't know how to check shirt interest and the float and all the other buzzwords floating around

I do look at everything I can on fidelity and Robinhood and what I can find on Google.

So I noticed that Rolls Royce (rycey) has a 12.75b market cap and is trading around 1.50 per share

AMC has a 14.97b cap and was trading in the 9-12 dollar range before last week.

I know it has something to do with AMC being shorted for the spike, but prior to.

I've looked at a few others and it seems like stocks with 10-15 billion market cap tend to trade around 6-14 bucks, on average.

Why does rycey not follow suit? Is there something I need to look for that would explain it?

Josh has you covered with his answer.

Market cap is simply outstanding shares times current share price.

Market cap and stock price are two very bad criteria to use to choose a stock since they are market-based.

06-03-2021, 06:02 PM	#1830
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,304 xxbignick	Hour late on the news since making dinner so have to digest it (like my dinner). I see the initial reaction was a ~10% drop with some recovery since. Initial take: seems fairly valued, just not an area of interest for me. __________________ @xxbignick on twitter

06-03-2021, 06:49 PM	#1831
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 9,989	Call me crazy but I shorted Tesla today. Long, long F and GM. __________________

06-03-2021, 08:26 PM	#1832
ninjacookies Member Join Date: Jan 2011 Location: All the girls see the (boi)/ Look at his flips / Look at his kards / All they say is (oh boi). Posts: 56,370	Stonk pleb on the czech in. In on the BB diamond hand train@$15.20. Bring me $25 or bring me death. __________________ #5 world ranked Ledell Eackles superclection as recognized by Tuff Stuff junior managing editor, Barry McCaulkinner. Somethin' like a cross between Teddy Aguhob and Kaboom Mystery Packs. I got that Givenchy denim flow.

06-04-2021, 08:41 AM	#1835
cnewby Member Join Date: Sep 2012 Location: MI Posts: 17,899	bought back into AMC at open today. Looking for a quick flip again. __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

06-03-2021, 05:20 PM	#1828
patchgenie Member Join Date: Aug 2009 Posts: 6,631 americansportscards	UMG was supposed to be spun off at the end of the year. subway might have been better kind of silly.

06-04-2021, 01:01 AM	#1833
quackhead Member Join Date: Apr 2015 Location: CA Posts: 4,777	How bad is a "death cross" for a stock?

06-04-2021, 07:48 AM	#1834
finfangfan Member Join Date: Oct 2013 Posts: 10,570	Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies https://www.cnbc.com/2021/06/04/pala...on-health.html

06-04-2021, 09:41 AM	#1839
finfangfan Member Join Date: Oct 2013 Posts: 10,570	Added to my DMYI position today (IONQ spac). It’s been inching above the $10 level so hopefully it will get a spike once merger completes. I also added back into GENI. I’ve done really well trading this one this year (as GENI and as it’s spac ticker DMYD) so thought I’d dip back into it now that it is back in the low $20’s.

06-04-2021, 02:56 PM	#1840
finfangfan Member Join Date: Oct 2013 Posts: 10,570	Sold off my APPH for a 6% gain in 4 days. Bought back into COIN at $228.47… plan to sell if/when it crosses its dpo price of $250.

06-05-2021, 11:29 AM	#1844
babyfaceposey Member Join Date: Feb 2012 Location: Pensacola, Florida Posts: 8,301 Babyfaceposey	Naked shorts trending on twitter. Lol

06-06-2021, 09:27 AM	#1847
GeechQuest Member Join Date: Jan 2014 Location: Cedar Park, TX Posts: 10,779 GeechQuest	My moves for this coming week: Sell 1/21/22 Puts on PFMT @ $2.5 for $0.25. Collect 10% return on premium. Use the premium and buy shares.

06-06-2021, 05:08 PM	#1848
possom813 Member Join Date: Oct 2011 Location: Cayuga, TX Posts: 2,317 punkin46 possom813	I'm still learning, and I've got the "buy high, sell low" mastered I don't know how to check shirt interest and the float and all the other buzzwords floating around I do look at everything I can on fidelity and Robinhood and what I can find on Google. So I noticed that Rolls Royce (rycey) has a 12.75b market cap and is trading around 1.50 per share AMC has a 14.97b cap and was trading in the 9-12 dollar range before last week. I know it has something to do with AMC being shorted for the spike, but prior to. I've looked at a few others and it seems like stocks with 10-15 billion market cap tend to trade around 6-14 bucks, on average. Why does rycey not follow suit? Is there something I need to look for that would explain it?