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Misc Stock Market

Sold some stocks in early hours on advice of my stock whatsapp group, which is comprised of a few accountants/finance advisors that were taking out short positions. Today, I'm just buying stocks and taking long breaks. I did manage to flip some shares of BXRX and CIDM, but I want to keep some capital for the end of the day, and don't want my funds held up for a couple of days. Stay calm and resist all the bears proclaiming the end of the U.S. economy. Tomorrow may be a slightly bad day, and then we'll probably see some of our stocks bounce back in a meaningful way on Friday. So I've been informed by more experience and educated traders.
 
And there goes my VRM position. Stop triggered at $42.9. I purchased OPES at $12.05 and will hold until definitive answer on whether the BurgerFI IPO will go through. I have a stop in a 9.80.
 
KyloG said:
And there goes my VRM position. Stop triggered at $42.9. I purchased OPES at $12.05 and will hold until definitive answer on whether the BurgerFI IPO will go through. I have a stop in a 9.80.
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I've heard that if those things with SPACs fall through that you can redeem your shares at $10. But who knows, if we continue with everyone being psychotic for long, it might get to 10 dollars even if there is no fall through.

Started to try to add a stop but considering that I'd probably do it at about $10.50, I changed my mind for now. Supposed to find out for sure on the merger sometime this month, but it seems likely. If they do say yes then the merger is supposed to be completed in Q3.

So, maybe if I do put in one, either I get a 550 dollar lesson or potentially, conservatively, a little over a 2000 dollar reward. Which will it be...stay tuned in the madness.
 
Couldn't help myself...1000 shares of TRPX at .79. Been watching for a few weeks but been to chicken. It gapped up again on strong volume and been rising steadily for a few weeks now. I have had horrible timing with these penny stocks.
 
GeorgiaGirl said:
I've heard that if those things with SPACs fall through that you can redeem your shares at $10. But who knows, if we continue with everyone being psychotic for long, it might get to 10 dollars even if there is no fall through.

Started to try to add a stop but considering that I'd probably do it at about $10.50, I changed my mind for now. Supposed to find out for sure on the merger sometime this month, but it seems likely. If they do say yes then the merger is supposed to be completed in Q3.

So, maybe if I do put in one, either I get a 550 dollar lesson or potentially, conservatively, a little over a 2000 dollar reward. Which will it be...stay tuned in the madness.
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It's how I was thinking too...worth the gamble with worst case being a loss of a few hundred.
 
Did end up adding a stop limit at $10.25. If people don't stop being psychotic, it just might trigger tomorrow. I have a simple solution, don't look at the value of your account. It might be painful, but even if the move up was too quick, April/May turned out to be a good lesson for me. Hold if you have a company you believe in, even if things are ugly.

My dad also caught me on this deal here lol, but after I explained fully enough, he softened and said, "small gamble".

So right now, for me...

Long holds:

Googl/VZ/3M/RTX

Spaculating on SPACs (if people would stop going nuts):

OPES

I'd like out and was wishing that it had hit $40.70 during that dumb travel stocks rally:

DAL

I was initially going to average down here, but now I'd rather be out. I might just stay in though, as I don't think they're going under. It's going to take a lot longer than people were thinking however. I can see it hitting the price I bought...maybe sometime late in 2021.

If the panic keeps on, I might double down on RTX in the 50s. It has similar valuations to another big defense industry stock (LMT) and both of the companies that merged here traded well over 100 in the past (although that's not all of why I got in here).

I've also had eyes on SPYG as a growth etf that is more weighted on tech, but I'm a little uncertain here. I think we'll be recovering in 2021 but at the same time, I do absolutely believe we're in a recession.
 
SFET...1k shares at 1.43. Nice story, it's tech which has been good. Been watching but felt like I missed the entry but the pullback today helped sucker me in.

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I would recommend taking a look at FMCI if you like SPACS. Took a hit today but held up well all in all.
 
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