The Official Stock Market Thread - Page 37

Super32 · 02-10-2021, 01:31 PM

I like the pick up. Could give Peloton a run since Myx is included. I am holding.

Quote:

Originally Posted by finfangfan

FRX seems to have dropped quite a bit from its high at open. Still up for the day, but I guess many aren’t happy with the target.

patchgenie · 02-10-2021, 04:09 PM

how would you play this TLRY-APHA merger:

TLRY price: 63.91
exchange rate: .8381
implied offer: 53.56
APHA price: 26.30

https://aphriainc.com/aphria-and-til...on%3Abody_link

"The Arrangement is expected to close in the second quarter of calendar year 2021 following the receipt of such regulatory approvals, as well as court approval of the Arrangement."

jeg2315 · 02-10-2021, 04:24 PM

Another option expiry chop day.

Cashed in hedges on the flash dip, and reloaded on the bounce during the day.

StraWMyerS · 02-10-2021, 06:18 PM

Quote:

Originally Posted by patchgenie

how would you play this TLRY-APHA merger:

TLRY price: 63.91
exchange rate: .8381
implied offer: 53.56
APHA price: 26.30

https://aphriainc.com/aphria-and-til...on%3Abody_link

"The Arrangement is expected to close in the second quarter of calendar year 2021 following the receipt of such regulatory approvals, as well as court approval of the Arrangement."

I was wondering that, too.

I happened to get in on Tilray at 36 and moved it all in the mid 50's today. Also sold early on IGC and SNDL after some significant moves yesterday into today. My inexperience is showing... but I thought there are always pullbacks after huge percentage gains in a short time frame like this. Is it all just the result of this economic stimulus having nowhere to go and all the new traders being aggressive with money they didn't earn? I'm getting nervous holding anything that moves up so fast as there has to be a top somewhere.

ballhawkdawk · 02-10-2021, 06:38 PM

I know a couple of you are in GNOG. I’m about to dump this POS. My average is in the $13s, but it seems like a dumpster fire. Anyone holding, and if so, why?

Bottom9th · 02-10-2021, 06:48 PM

Quote:

Originally Posted by StraWMyerS

I was wondering that, too.

I happened to get in on Tilray at 36 and moved it all in the mid 50's today. Also sold early on IGC and SNDL after some significant moves yesterday into today. My inexperience is showing... but I thought there are always pullbacks after huge percentage gains in a short time frame like this. Is it all just the result of this economic stimulus having nowhere to go and all the new traders being aggressive with money they didn't earn? I'm getting nervous holding anything that moves up so fast as there has to be a top somewhere.

I got in on Tilray at $9.14. Just kicking myself that I didn't buy more

JMarchand1981 · 02-10-2021, 06:50 PM

Quote:

Originally Posted by ballhawkdawk

I know a couple of you are in GNOG. I’m about to dump this POS. My average is in the $13s, but it seems like a dumpster fire. Anyone holding, and if so, why?

I am holding because if it goes to zero I will harvest the loss. I don't have a big enough position to care about that money. I agree with you though. It's a POS. DKNG, PENN, MGM, and WYNN are all better choices in that space.

cardcrazy28 · 02-10-2021, 07:02 PM

Any thoughts on OGI? got into it around $4

jeg2315 · 02-10-2021, 07:03 PM

Quote:

Originally Posted by JMarchand1981

I am holding because if it goes to zero I will harvest the loss. I don't have a big enough position to care about that money. I agree with you though. It's a POS. DKNG, PENN, MGM, and WYNN are all better choices in that space.

Quote:

Originally Posted by ballhawkdawk

I know a couple of you are in GNOG. I’m about to dump this POS. My average is in the $13s, but it seems like a dumpster fire. Anyone holding, and if so, why?

I've thought about getting in, but outstanding warrants don't expire until early March. Will probably get held down until after that.

patchgenie · 02-10-2021, 07:08 PM

Quote:

Originally Posted by StraWMyerS

I was wondering that, too.

I happened to get in on Tilray at 36 and moved it all in the mid 50's today. Also sold early on IGC and SNDL after some significant moves yesterday into today. My inexperience is showing... but I thought there are always pullbacks after huge percentage gains in a short time frame like this. Is it all just the result of this economic stimulus having nowhere to go and all the new traders being aggressive with money they didn't earn? I'm getting nervous holding anything that moves up so fast as there has to be a top somewhere.

if you can be on the lookout for the date the transaction closes then we should able to use the merger arb. by buying APHA stock and buying TLRY puts to finish the arb. cause people will be buying APHA and selling the converted into TLRY.

or another way long APHA, short TLRY, but i would skip that for now as the trade seems to be blown up today. i'm going to try the first way first i guess.

ballhawkdawk · 02-10-2021, 07:18 PM

Quote:

Originally Posted by cardcrazy28

Any thoughts on OGI? got into it around $4

OGI kills me. I’ve missed on many investment opportunities in stocks, barely lost auctions on cards that then soared in price, sold so many things too early, etc. But OGI was my OG stock pick. I rode the ups and downs and averaged down over the course of 2020. Decided to sell for the tax loss at the end and figured I’d wait the 30 day period to buy back in. But then it started moving. And now it won’t stop moving. Not the biggest missed opportunity for me, but it stings because that was the first stock I really felt good about after doing my homework.

Anyway, I liked the company outlook from early on. Efficient production and last I looked the only east coast grow facility in Canada. I probably have some more detailed posts about the company back in this thread.

That said, I personally don’t like chasing... at least not unless I’m chasing small. And at $4 I’d be looking to dump at least 50% of my position at this point. I’m a novice at this, but I’ve learned that managing risk is one of the most important aspects. There will always be more opportunities, but getting stuck holding the bag sucks up that opportunity.

Donkaylove · 02-10-2021, 08:09 PM

Quote:

Originally Posted by Josh611

Man, your timing on this one was impeccable. Thank you!

16%+ since you mentioned it

y- i am tek, chem, commodities, industrials. i got fired. doin work in my pencil notebook oldschool. i dont trust my data sources.

ninjacookies · 02-11-2021, 12:58 AM

Finally joined the stonk party and deposited 3 g's on webull to mess with. Coming from the crypto/alts side of things where its 85 technicals and 15 fundamentals, this should be a fun experiment.

Going to try playing the after hour gaps for a bit.

finfangfan · 02-11-2021, 05:08 AM

Disney has its earnings announcement after close today.

blueguy · 02-11-2021, 06:55 AM

Quote:

Originally Posted by ballhawkdawk

OGI kills me. I’ve missed on many investment opportunities in stocks, barely lost auctions on cards that then soared in price, sold so many things too early, etc. But OGI was my OG stock pick. I rode the ups and downs and averaged down over the course of 2020. Decided to sell for the tax loss at the end and figured I’d wait the 30 day period to buy back in. But then it started moving. And now it won’t stop moving. Not the biggest missed opportunity for me, but it stings because that was the first stock I really felt good about after doing my homework.

Anyway, I liked the company outlook from early on. Efficient production and last I looked the only east coast grow facility in Canada. I probably have some more detailed posts about the company back in this thread.

That said, I personally don’t like chasing... at least not unless I’m chasing small. And at $4 I’d be looking to dump at least 50% of my position at this point. I’m a novice at this, but I’ve learned that managing risk is one of the most important aspects. There will always be more opportunities, but getting stuck holding the bag sucks up that opportunity.

OGI - I know what you mean. Have had it a couple of years and road it up and down. Actually bought more at $1.15 in November ... will sell 25% today as it's over $7.00 in pre market. The other cannibas stocks I'm in are:
IIPR in at $65.50 11 months ago. Bought it mostly for it's div. originally but it's more than tripled in price. (dumb luck)
HRVSF in at $1.75 in Nov.
SPRWF in at avg. of .56 about 3+ years ago - loser but has rallied with the rest of the sector lately.

mrmike79 · 02-11-2021, 11:35 AM

Quote:

Originally Posted by ninjacookies

Finally joined the stonk party and deposited 3 g's on webull to mess with. Coming from the crypto/alts side of things where its 85 technicals and 15 fundamentals, this should be a fun experiment.

Going to try playing the after hour gaps for a bit.

I'm new to all this too but I do have shares of RIOT and MARA which have been doing well for me. Coming from the crypto side of things, you might like the ties they have.

carlo16 · 02-11-2021, 11:44 AM

Kicking the tires on MO. Nice yield which seems safe. Reasonable multiple. Gotta figure big tobacco will eventually dominate the pot landscape.

cnewby · 02-11-2021, 11:52 AM

everything going red again, just like yesterday.

cnewby · 02-11-2021, 02:52 PM

Been waiting on ACEV - just popped this afternoon.

finfangfan · 02-11-2021, 04:31 PM

Quote:

Originally Posted by finfangfan

Disney has its earnings announcement after close today.

Looks like they are crushing it with DIS+ subscriptions. Stocks over $195 after hours... new all time high.

finfangfan · 02-11-2021, 04:32 PM

Quote:

Originally Posted by cnewby

Been waiting on ACEV - just popped this afternoon.

I saw that... Congrats! It’s been on my watchlist but never pulled the trigger.

JMarchand1981 · 02-11-2021, 07:17 PM

Quote:

Originally Posted by ninjacookies

Finally joined the stonk party and deposited 3 g's on webull to mess with. Coming from the crypto/alts side of things where its 85 technicals and 15 fundamentals, this should be a fun experiment.

Going to try playing the after hour gaps for a bit.

After hours are where the retail investor can capitalize. The pros go home for the day.

JMarchand1981 · 02-11-2021, 07:18 PM

Quote:

Originally Posted by carlo16

Kicking the tires on MO. Nice yield which seems safe. Reasonable multiple. Gotta figure big tobacco will eventually dominate the pot landscape.

God speed, man. That stock simply cannot get out of its own way. I play PM around earnings most time, but MO is so out of favor on the street it is just absurd. Great fundamentals though.

JMarchand1981 · 02-11-2021, 07:20 PM

Quote:

Originally Posted by finfangfan

Disney has its earnings announcement after close today.

The earnings were ok. That conference call is no longer about the money. It's about the Disney Plus subscribers. Those are some fake subscription numbers though. Many of those are "paid" by another company like a cell phone company. Disney calls them paid subscribers because they are. What they do not disclose is that it is just an additive to another purchase.

That said, you know my feelings on DIS. My daughter is six. She will own it until I die.

JMarchand1981 · 02-11-2021, 07:21 PM

Quote:

Originally Posted by jeg2315

I've thought about getting in, but outstanding warrants don't expire until early March. Will probably get held down until after that.

Yeah, it's going to get buried in my graveyard account.

02-10-2021, 07:02 PM	#908
cardcrazy28 Member Join Date: Sep 2012 Location: Bay Area Posts: 711	Any thoughts on OGI? got into it around $4 __________________ Collect Stephen curry and buster posey

02-11-2021, 12:58 AM	#913
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	Finally joined the stonk party and deposited 3 g's on webull to mess with. Coming from the crypto/alts side of things where its 85 technicals and 15 fundamentals, this should be a fun experiment. Going to try playing the after hour gaps for a bit. __________________ #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.

02-11-2021, 11:52 AM	#918
cnewby Member Join Date: Sep 2012 Location: MI Posts: 17,899	everything going red again, just like yesterday. __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

02-11-2021, 02:52 PM	#919
cnewby Member Join Date: Sep 2012 Location: MI Posts: 17,899	Been waiting on ACEV - just popped this afternoon. __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

02-10-2021, 04:09 PM	#902
patchgenie Member Join Date: Aug 2009 Posts: 6,631 americansportscards	how would you play this TLRY-APHA merger: TLRY price: 63.91 exchange rate: .8381 implied offer: 53.56 APHA price: 26.30 https://aphriainc.com/aphria-and-til...on%3Abody_link "The Arrangement is expected to close in the second quarter of calendar year 2021 following the receipt of such regulatory approvals, as well as court approval of the Arrangement."

02-10-2021, 04:24 PM	#903
jeg2315 Member Join Date: Jan 2008 Location: Bay Area, CA Posts: 2,398	Another option expiry chop day. Cashed in hedges on the flash dip, and reloaded on the bounce during the day.

02-10-2021, 06:38 PM	#905
ballhawkdawk Member Join Date: Nov 2017 Location: Downingtown, PA Posts: 7,485	I know a couple of you are in GNOG. I’m about to dump this POS. My average is in the $13s, but it seems like a dumpster fire. Anyone holding, and if so, why?

02-11-2021, 05:08 AM	#914
finfangfan Member Join Date: Oct 2013 Posts: 10,567	Disney has its earnings announcement after close today.

02-11-2021, 11:44 AM	#917
carlo16 Member Join Date: Feb 2009 Posts: 3,160	Kicking the tires on MO. Nice yield which seems safe. Reasonable multiple. Gotta figure big tobacco will eventually dominate the pot landscape.