The Official Stock Market Thread - Page 9

TheHeel · 01-22-2021, 11:54 AM

Tesla
Ford
GoodYear
Draftkings
Space
Several mutual funds that are controlled by a financial planner.

Not doing well today but up overall.

finfangfan · 01-22-2021, 12:06 PM

Quote:

Originally Posted by finfangfan

Ended up buying back most of the PLTR I sold this morning for a little over a dollar a share cheaper. Kind of fun when that happens.

PLTR backup 8% today to over $28/share. Trimmed a bit, but nice to see it jump.

jeg2315 · 01-22-2021, 12:40 PM

GME is going crazy, gives me flashbacks of the KODK craze a few months back.

GeechQuest · 01-22-2021, 12:45 PM

Quote:

Originally Posted by jeg2315

GME is going crazy, gives me flashbacks of the KODK craze a few months back.

Will SEC regulations finally be put in place to stop excessive shorts because of this?

I've made more off GME than any stock ever.

finfangfan · 01-22-2021, 12:57 PM

Quote:

Originally Posted by finfangfan

PLTR backup 8% today to over $28/share. Trimmed a bit, but nice to see it jump.

PLTR up over 15% now. This market is surreal.

lyyca · 01-22-2021, 01:02 PM

Quote:

Originally Posted by finfangfan

PLTR up over 15% now. This market is surreal.

Let's go PLTR! To the moon we shoot!

JMarchand1981 · 01-22-2021, 01:08 PM

Quote:

Originally Posted by finfangfan

PLTR up over 15% now. This market is surreal.

Hedge that position.

JMarchand1981 · 01-22-2021, 01:09 PM

Quote:

Originally Posted by TheHeel

Tesla
Ford
GoodYear
Draftkings
Space
Several mutual funds that are controlled by a financial planner.

Not doing well today but up overall.

The mutual funds are managed by a CFP? Or the mutual funds that you own are picked by a CFP?

xbignick · 01-22-2021, 03:07 PM

My AMC post was in the other thread

Didn't expect it to run so quick but looks like all the twitter pumps jumped on it.

xbignick · 01-22-2021, 03:21 PM

Don't want to make this a meme thread but thoroughly enjoyed this.

finfangfan · 01-22-2021, 03:37 PM

Ended up cashing out my remaining PLTR... netted a total gain of $534.40 since I started trading it on 12/22/20 but that was pretty much all made today. I believe Josh first mentioned PLTR in the old thread... so nice tip and thank you!

patchgenie · 01-22-2021, 04:46 PM

i need gamestop to stay in business. one of the few places i like to go to(minus during corona).

i added 300 TBA - Thoma Bravo and 300 of the gary cohn SPAC - CRHC warrants. could be connected to chamath SaaS tweet or who knows which one it'll be.

was thinking of grabbing some calls for OSTK earnings on 2/4 i believe.

sold my NOVSW for 70-80% return. will probably pick some appharvest up after the merger.

Josh611 · 01-22-2021, 05:46 PM

Quote:

Originally Posted by finfangfan

Ended up cashing out my remaining PLTR... netted a total gain of $534.40 since I started trading it on 12/22/20 but that was pretty much all made today. I believe Josh first mentioned PLTR in the old thread... so nice tip and thank you!

Nicely done!

I sold that one too early the second time but glad you were able to make a nice gain from it.

Josh611 · 01-22-2021, 05:51 PM

Added ORCL at $60 today. Got a downgrade by GS but seems like they hate everyone sometimes.

Had been on my watch list for a little while. Will add more if it drops down around $57.50

JMarchand1981 · 01-22-2021, 08:29 PM

So, for the new year I have a different, more improved way to track my stock performance. I went back and tested it with previous years activity to make sure the formulas were right and would pick up (or drop) balances as I added money into certain accounts. In other words, I have plenty enough empirical data to have faith in the numbers. I say that to say this:

My benchmark is the S&P 500. This won't ever change for me. The S&P 500 is returning 3.8% YTD.

My brokerage account is at 8.541% following this week where my return was 4.868%.
My auxillary account that is a purpose account (it's set up to pay for any repairs to my car) is returning a staggering 11.706% this year. The weeks have been as follows:
W/e 1/11- 3.906%
w/e 1/18- 4.999%
w/e 1/22- 2.388%

Obviously, these weekly numbers are based on the previous week whereas the yearly numbers are based off of (today's balance minus my 1/1/2021 balance) divided by my 1/1/2021 balance. I am saying that in the event that you add the figures up and they don't equal the 11.706%.

I have had good weeks. I have had good years, months, days etc etc. I cannot recall a time where my return over the market is 2x for a reasonable period of time.

The crazy thing is that I have some winners that aren't acting as winners. In other words, it could be better.

It's kind of a wall of text but give it a read. Let me know if you have questions or comments.

In the old thread I had posted how I built my own mutual fund using a method of investing that I do not normally use. This was money from an employer that I left and rolled out of the 401k and into an IRA. I did a stock screener and went from there. The screener gave me 13 choices and I whittled down from there based on trying to reduce the overlap.

Anyway, that account is up 5.197% and there are a couple stinkers in there also. Could be better. Could be worse.

Also, while my benchmark is the S&P, I have two mutual funds that I compare myself against. I historically cannot beat these two funds over a long span of time. As a matter of fact, these are the mutual funds that I use in my retirement accounts.

So, one is returning 6.31% YTD.
The other? 4.11%

I definitely won't beat them over the long run, but It's kind of nice to see them in the rear view for the time being.

rcmb3220 · 01-22-2021, 09:15 PM

Quote:

Originally Posted by rcmb3220

Added more AUPH this week

mjones6 · 01-22-2021, 09:52 PM

Etrade just sent me my year-end.
Up 121% in 2020.
Mostly due to Royal Caribbean and repeatedly selling TSLA call spreads.

Lost almost a grand on a Lowes Call that expired a couple of days before a $10 pop and a Target call that just fizzled. Literally was 2 days from those working out.

That said, HUGE scare last week. My TSLA call spread (15.00 difference) was dying out of the money for most of the week. TSLA price popped Friday AM a little, and I managed to get 12.20 out of it before 10am on a hail-mary limit order I had put in on Wednesday. By the end of the day, both options expired worthless. That would have ruined my weekend.

I stayed out of anything time sensitive this week with the inauguration and also am avoiding TSLA earnings week coming up.

Going to a card show in the morning.... hoping to make up for quiet week there.

Josh611 · 01-22-2021, 10:41 PM

Quote:

Originally Posted by JMarchand1981

So, for the new year I have a different, more improved way to track my stock performance. I went back and tested it with previous years activity to make sure the formulas were right and would pick up (or drop) balances as I added money into certain accounts. In other words, I have plenty enough empirical data to have faith in the numbers. I say that to say this:

My benchmark is the S&P 500. This won't ever change for me. The S&P 500 is returning 3.8% YTD.

.

I’ve used the S&P as a benchmark myself as well. I feel like that is one of the best representations of the market as a whole even though it’s still heavily weighted towards big tech.

Ended up 31.99% last year. I made some very dumb moves that I’ve learned great lessons from or else that would be higher. Still very happy.

This year currently up 18.35%. That is after giving up around 5% from yesterday’s high.

Focusing on keeping losses small. Admit I’m wrong when I am and stick to the plan. Has worked well this year. Then again it’s been kind of hard to miss right now.

awz50 · 01-23-2021, 05:19 AM

Blackberry is surging, love to see it

Oreo2004 · 01-23-2021, 06:15 AM

Quote:

Originally Posted by xbignick

My AMC post was in the other thread

Didn't expect it to run so quick but looks like all the twitter pumps jumped on it.

I flipped AMC twice last week for almost 2k profit.
Buy order set at 2.80 yesterday, low was 2.81...win some, lose some I guess

AnthonyCorona · 01-23-2021, 08:40 AM

Quote:

Originally Posted by xbignick

My AMC post was in the other thread

Didn't expect it to run so quick but looks like all the twitter pumps jumped on it.

I hate to sound so stupid but do stocks work like cards sometimes? A guy with a big following mentions a player, card or stock and the price soars for no other reason? If this is the case I guess it makes understanding the market even more difficult.

Sent from my iPhone using Tapatalk Pro

xbignick · 01-23-2021, 09:26 AM

Quote:

Originally Posted by AnthonyCorona

I hate to sound so stupid but do stocks work like cards sometimes? A guy with a big following mentions a player, card or stock and the price soars for no other reason? If this is the case I guess it makes understanding the market even more difficult.

Sent from my iPhone using Tapatalk Pro

Traditionally someone like Warren Buffett moves the market. People buy holdings simply for no other reason than his Berkshire Hathaway has invested in them (believe JMarchand1981 had a gripe against that in the last thread). Cathie Wood, who runs the ARK ETFs, is someone else people look at to see what she buys and sells. She has been really popular since the start of the pandemic.

I'm not sure how much a twitter personality (one followed by places like Wallstreetbets) can move a stock like AMC but just looked at this particular timeline and he started sending tweets about it on January 12th.

Between then and now he has sent 43 tweets containing "$AMC" to 207.3k twitter followers. On the 12th it was already 10% up on its January low but has since popped to where it is now. It may be nothing or something.

I personally switched from CNK to AMC back in December so I don't trade based on twitter pumps but do follow them to see if what I currently own coincides with a recent wave of theirs.

rcmb3220 · 01-23-2021, 09:29 AM

Quote:

Originally Posted by AnthonyCorona

I hate to sound so stupid but do stocks work like cards sometimes? A guy with a big following mentions a player, card or stock and the price soars for no other reason? If this is the case I guess it makes understanding the market even more difficult.

Sent from my iPhone using Tapatalk Pro

It looks like that’s what happened with GME.

Josh611 · 01-23-2021, 09:50 AM

Quote:

Originally Posted by xbignick

Traditionally someone like Warren Buffett moves the market. People buy holdings simply for no other reason than his Berkshire Hathaway has invested in them (believe JMarchand1981 had a gripe against that in the last thread). Cathie Wood, who runs the ARK ETFs, is someone else people look at to see what she buys and sells. She has been really popular since the start of the pandemic.

I'm not sure how much a twitter personality (one followed by places like Wallstreetbets) can move a stock like AMC but just looked at this particular timeline and he started sending tweets about it on January 12th.

Between then and now he has sent 43 tweets containing "$AMC" to 207.3k twitter followers. On the 12th it was already 10% up on its January low but has since popped to where it is now. It may be nothing or something.

I personally switched from CNK to AMC back in December so I don't trade based on twitter pumps but do follow them to see if what I currently own coincides with a recent wave of theirs.

Oh people on Twitter definitely move individual stocks. Trader Stewie is one that I’ve followed and people will blindly buy whatever he posts. You’ll see instant jumps every time

GeechQuest · 01-23-2021, 10:46 AM

Quote:

Originally Posted by rcmb3220

It looks like that’s what happened with GME.

Smart money (not me) has been in GME for over a year as a value stock. The WSB and StockTwits are providing the volume, but GME was undervalued for a long time.

Couple that with with the company being shorted over the amount of total shares (why would this be allowed???) and you have a recipe for what you’re seeing.

GME isn’t JUST a pump stock. There are a multitude of reasons why it’s jumping week to week.

01-22-2021, 11:54 AM	#201
TheHeel Member Join Date: Feb 2011 Posts: 15,357	Tesla Ford GoodYear Draftkings Space Several mutual funds that are controlled by a financial planner. Not doing well today but up overall. __________________ 48,230, 52,879, 40,400, 4,780 Pending Deals:

01-22-2021, 03:07 PM	#209
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,304 xxbignick	My AMC post was in the other thread Didn't expect it to run so quick but looks like all the twitter pumps jumped on it. __________________ @xxbignick on twitter Last edited by xbignick; 01-22-2021 at 03:10 PM.

01-22-2021, 03:21 PM	#210
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,304 xxbignick	Don't want to make this a meme thread but thoroughly enjoyed this. __________________ @xxbignick on twitter

01-22-2021, 04:46 PM	#212
patchgenie Member Join Date: Aug 2009 Posts: 6,639 americansportscards	i need gamestop to stay in business. one of the few places i like to go to(minus during corona). i added 300 TBA - Thoma Bravo and 300 of the gary cohn SPAC - CRHC warrants. could be connected to chamath SaaS tweet or who knows which one it'll be. was thinking of grabbing some calls for OSTK earnings on 2/4 i believe. sold my NOVSW for 70-80% return. will probably pick some appharvest up after the merger. Last edited by patchgenie; 01-22-2021 at 04:48 PM.

01-22-2021, 05:51 PM	#214
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 9,991	Added ORCL at $60 today. Got a downgrade by GS but seems like they hate everyone sometimes. Had been on my watch list for a little while. Will add more if it drops down around $57.50 __________________

01-22-2021, 12:40 PM	#203
jeg2315 Member Join Date: Jan 2008 Location: Bay Area, CA Posts: 2,398	GME is going crazy, gives me flashbacks of the KODK craze a few months back.

01-22-2021, 03:37 PM	#211
finfangfan Member Join Date: Oct 2013 Posts: 10,606	Ended up cashing out my remaining PLTR... netted a total gain of $534.40 since I started trading it on 12/22/20 but that was pretty much all made today. I believe Josh first mentioned PLTR in the old thread... so nice tip and thank you!

01-22-2021, 08:29 PM	#215
JMarchand1981 Member Join Date: Jul 2013 Posts: 34,438	So, for the new year I have a different, more improved way to track my stock performance. I went back and tested it with previous years activity to make sure the formulas were right and would pick up (or drop) balances as I added money into certain accounts. In other words, I have plenty enough empirical data to have faith in the numbers. I say that to say this: My benchmark is the S&P 500. This won't ever change for me. The S&P 500 is returning 3.8% YTD. My brokerage account is at 8.541% following this week where my return was 4.868%. My auxillary account that is a purpose account (it's set up to pay for any repairs to my car) is returning a staggering 11.706% this year. The weeks have been as follows: W/e 1/11- 3.906% w/e 1/18- 4.999% w/e 1/22- 2.388% Obviously, these weekly numbers are based on the previous week whereas the yearly numbers are based off of (today's balance minus my 1/1/2021 balance) divided by my 1/1/2021 balance. I am saying that in the event that you add the figures up and they don't equal the 11.706%. I have had good weeks. I have had good years, months, days etc etc. I cannot recall a time where my return over the market is 2x for a reasonable period of time. The crazy thing is that I have some winners that aren't acting as winners. In other words, it could be better. It's kind of a wall of text but give it a read. Let me know if you have questions or comments. In the old thread I had posted how I built my own mutual fund using a method of investing that I do not normally use. This was money from an employer that I left and rolled out of the 401k and into an IRA. I did a stock screener and went from there. The screener gave me 13 choices and I whittled down from there based on trying to reduce the overlap. Anyway, that account is up 5.197% and there are a couple stinkers in there also. Could be better. Could be worse. Also, while my benchmark is the S&P, I have two mutual funds that I compare myself against. I historically cannot beat these two funds over a long span of time. As a matter of fact, these are the mutual funds that I use in my retirement accounts. So, one is returning 6.31% YTD. The other? 4.11% I definitely won't beat them over the long run, but It's kind of nice to see them in the rear view for the time being.

01-22-2021, 09:52 PM	#217
mjones6 Member Join Date: Jul 2007 Location: Fredericksburg, VA Posts: 517 mattdjones	Etrade just sent me my year-end. Up 121% in 2020. Mostly due to Royal Caribbean and repeatedly selling TSLA call spreads. Lost almost a grand on a Lowes Call that expired a couple of days before a $10 pop and a Target call that just fizzled. Literally was 2 days from those working out. That said, HUGE scare last week. My TSLA call spread (15.00 difference) was dying out of the money for most of the week. TSLA price popped Friday AM a little, and I managed to get 12.20 out of it before 10am on a hail-mary limit order I had put in on Wednesday. By the end of the day, both options expired worthless. That would have ruined my weekend. I stayed out of anything time sensitive this week with the inauguration and also am avoiding TSLA earnings week coming up. Going to a card show in the morning.... hoping to make up for quiet week there.

01-23-2021, 05:19 AM	#219
awz50 Member Join Date: Feb 2014 Location: New Hampshire>>>Arizona>>>>Florida Posts: 32,985 awz50	Blackberry is surging, love to see it __________________ Collecting Baseball Hof Autographs 248/351 Blowouts Official Red Sox face of the franchise Eduardo Rodriguez Super Collector