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Misc Stock Market

I'm about to set an order for 200 shares of OPES (BurgerFi SPAC). If you were to see a dip, I'll be in.

I suppose 2020 is SPACs fever, but there is legitimacy with this one (also is with CCH).

Edit: Now I'm in at $13.25. Gonna see where this goes.
 
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Jimmy Hypocracy said:
Tesla just broke 1,000...incredible
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They are coming after NKLA. He just announced they would be coming out with a semi too. Elon's ego is to big to get shown up by some upstart. Line drawn in the sand.

Hurt my NKLA position but holding for the long haul.
 
Check out MDLY..watched it for months now. Got crushed this morning and dipped back to
.60... was trading above $3 before the pandemic. EXTREMELY low float. I dipped my toe in with 1,000 shares. I will sell it all on a high volume day. Still down nearly 20% on the day. I didn’t do much DD but the chart was screaming “buy me dumba**”

Edit: just blinked and looked back at my phone and I’m already up 15%. lol you got to love those low floaters
 
FOMC statement in 15 mins. Makes me nervous...
 
Fed just said that they expect interest rates to remain near 0 until 2022 and that they're going to continue bond purchases.

Welp haha. Looks like in October (or sometime later) I might be pulling some more of the other half in my inheritance and transferring it to TDA (or Charles Schwab? I'm not sure when that merge will be completed). It sure was great that I was able to probably snap up one of the last decent interest rate CDs at 2.5% last year.
 
I took it in the rear today. Portfolio down 18%, but I knew my time was coming after a fire 3 days, but all of that’s about erased after today. Today was by far my worst day since I started. New day tomorrow!
 
BXRX just does nothing for weeks on end. I need some PR. Management has been a total let down as of late. I mean they could have sneezed on it during those bright green market days and it would have brought their value to a reasonable level. If I were CEO of a company, I would be giving retail investors the PR they deserve at least on a monthly basis. It isn’t that hard. Why wouldn’t they want to pump their stocks up a bit? I don’t understand it
 
Parker said:
I took it in the rear today. Portfolio down 18%, but I knew my time was coming after a fire 3 days, but all of that’s about erased after today. Today was by far my worst day since I started. New day tomorrow!
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IZEA is exploding after hours, up over $2.50 a share! I think you said you got it at $2.05? Should be profitable for you, big day tomorrow imo!
 
snowlover91 said:
IZEA is exploding after hours, up over $2.50 a share! I think you said you got it at $2.05? Should be profitable for you, big day tomorrow imo!
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yes! It is going nuts and actually got me to down 15% for the day! I have 5 positions and it is the only one up. Lots of buzz with the investor call for next week and announcement on Friday. I wonder how far this could go? What do you think? I’d love $3.50-$4
 
Let me also add that listening to J Pow speak was such a drag. Maybe because of his voice being so monotone but because the outlook was also bearish. All I really needed to see was the things that they were going to do. So, I ended up wasting about 25+ minutes of my time.

I really need sports back. When it gets back I can likely cut my CNBC watching down.

Definitely grateful they're doing what they have been doing. It's been made fun of a lot but with the bigger picture, had they not stepped in when they did, there would've been quite a bit more hurt, that's not to say that there still hasn't been hurt with more likely coming.
 
Anybody still have BRQS? decent day still waiting on the big jump I've held it for a while now.
 
Parker said:
yes! It is going nuts and actually got me to down 15% for the day! I have 5 positions and it is the only one up. Lots of buzz with the investor call for next week and announcement on Friday. I wonder how far this could go? What do you think? I’d love $3.50-$4
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I would look to take profits tomorrow or Friday, at some point people are going to dump it to take profits. It has run from the .60 range to $2.50 right now. If you really want to take a big risk you could wait until Friday when they PR the big news, a lot of people think it’ll go down because the news might not be what people expect or people take profits (buy the rumor and sell the news mentality) but it also could run really hard if the news is as expected (or better). It’s not a stock I would hold long term, I would be looking to take profit either tomorrow or Friday depending on how risky you want to be with it!
 
I am watching CLHI closely btw. It has huge potential if the merger goes through and is dirt cheap right now. Might buy in Thursday or Friday if it hits my price point.
 
I'm reading Jimmy Hypocrisy's frustration with BXRX, and I truly feel his pain cause I've been incrementally buying this stock as it has gone down to 3.9 to 4. However, I've stopped focusing all my capital on a few stocks, so I've sold some of those shares at 4.12-4.20. Instead, I've been spreading my money around to a bunch of different stocks penny/one-dollar stocks, and it's been allowing me to make profit $100 to $300 profits on days where my more expensive investments and the entire market are down. If I could go back in time, I'd have allocated 10 grand of my savings to buying every penny stock that has a price history of being over a dollar or has some legitimate company with a drug/technology behind it. I've been doing it every day, especially when these stocks have not been pumped, or I expect to get a bounce after a down day or two. There's just too much potential for these stocks to blow up over 100%. Then you get an opportunity to flip the stock after it goes back down, and you'll have better insight into the areas of support and resistance.

Anyway, this morning and early afternoon I bought CHFS at .42, and started a position in FET. AHs I increased my position in ZOM and SHIP. I like RGLS and NAKD for tomorrow morning when my funds clear. Also looking at HTGM.
 
Tornadocane said:
I'm reading Jimmy Hypocrisy's frustration with BXRX, and I truly feel his pain cause I've been incrementally buying this stock as it has gone down to 3.9 to 4. However, I've stopped focusing all my capital on a few stocks, so I've sold some of those shares at 4.12-4.20. Instead, I've been spreading my money around to a bunch of different stocks penny/one-dollar stocks, and it's been allowing me to make profit $100 to $300 profits on days where my more expensive investments and the entire market are down. If I could go back in time, I'd have allocated 10 grand of my savings to buying every penny stock that has a price history of being over a dollar or has some legitimate company with a drug/technology behind it. I've been doing it every day, especially when these stocks have not been pumped, or I expect to get a bounce after a down day or two. There's just too much potential for these stocks to blow up over 100%. Then you get an opportunity to flip the stock after it goes back down, and you'll have better insight into the areas of support and resistance.

Anyway, this morning and early afternoon I bought CHFS at .42, and started a position in FET. AHs I increased my position in ZOM and SHIP. I like RGLS and NAKD for tomorrow morning when my funds clear. Also looking at HTGM.
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I like ZOM. Should have grabbed at .16 after the offering last week. I love buying after offering dumps. Always easy money. Unless they hit you with back to back offerings then reverse split news. Then you’re fu***ed.
 
Jimmy Hypocracy said:
I like ZOM. Should have grabbed at .16 after the offering last week. I love buying after offering dumps. Always easy money. Unless they hit you with back to back offerings then reverse split news. Then you’re fu***ed.
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Yes. Whenever I hear about an offering, I start buying when the stock drops. For instance, DGLX did an offering, and people ran for the doors. But If you're able to raise money in this environment especially in the retail business like DGLX, I don't know how you don't see it as bullish move.

However, I've played some stocks with news or implementation of reverse splits when there's some information supporting them. Like MVIS and BIOC. Both said they would a reverse split in July, but they have good information and products behind them . MVIS has been planning a BO, and BIOC has got news COVID press releases coming out. The former just went up to 1.35 the other day (40% profit for me).
 
I'll just add one more thing. Right now there's a golden opportunity for any schmuck with some money to earn a fortune. I was too young to invest in the stock market after the 2007 financial crisis, but I know a lot of people kicking themselves for not getting in at the time. I am a complete novice with stocks and have been learning on the fly, but right now I am currently making triple the money day trading stocks than I earn working a 60 hour week at my job. There's no reason that should be happening. It doesn't make sense. Just like it didn't make sense for Carnival and some of these airlines to go up so much at the tail end of the lockdown.

Luckily, I think the people missing out right now have an opportunity to invest when we get to fall cause coronavirus will definitely play a factor when cold, dry air start trampling through the country. A giant red flag of our economic health is all bankruptcies that will be backing up the Federal courts for the next few years. I think it's correct to assume that many individuals and families will be delinquent on their bills and promissory notes. In fact, I've already been contacted by a car lender that wants me to file loan deficiency judgments against people. I have experience in the litigating and defending these types of cases, as well as defending foreclosure actions (Never wanted to be on the side that takes the home as I was a product of a legal aid office). I anticipate business will be very good soon. If so, does anyone think it'd be a good idea to short real estate or financial stocks?
 
I graduated with a finance degree last year. I told myself I was going to wait one year after I started my job (stability/savings) before I started playing in the market. I’ve stuck to the plan but it has been painful to watch from the sidelines over the last month+. Dolla bills to be made
 
Tornadocane said:
I'll just add one more thing. Right now there's a golden opportunity for any schmuck with some money to earn a fortune. I was too young to invest in the stock market after the 2007 financial crisis, but I know a lot of people kicking themselves for not getting in at the time. I am a complete novice with stocks and have been learning on the fly, but right now I am currently making triple the money day trading stocks than I earn working a 60 hour week at my job. There's no reason that should be happening. It doesn't make sense. Just like it didn't make sense for Carnival and some of these airlines to go up so much at the tail end of the lockdown.

Luckily, I think the people missing out right now have an opportunity to invest when we get to fall cause coronavirus will definitely play a factor when cold, dry air start trampling through the country. A giant red flag of our economic health is all bankruptcies that will be backing up the Federal courts for the next few years. I think it's correct to assume that many individuals and families will be delinquent on their bills and promissory notes. In fact, I've already been contacted by a car lender that wants me to file loan deficiency judgments against people. I have experience in the litigating and defending these types of cases, as well as defending foreclosure actions (Never wanted to be on the side that takes the home as I was a product of a legal aid office). I anticipate business will be very good soon. If so, does anyone think it'd be a good idea to short real estate or financial stocks?
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Great post. Personally I’m a big chicken with these speculative stocks. I do put my toe in on a couple for fun. As for financials I am long AXP. I purchased a couple of lots in the mid/upper $80’s and I may add today. VGT has been great for me to park some money in. I am also long NKLA. I own VRM and should have sold yesterday in the $50’s but will hold for now.

These big red days makes me want to add though.

I haven’t touched airlines or cruises. That seems really risky.
 
I don't get ZM at all. It's a one trick pony going against a couple of behemoths and several small competitors. Crazy expensive and in a massive market sell off it's a immune. Going to buy some late fall puts I think.

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Circuit breaker today? I knew this day would come where the media blew Covid resurgence numbers out of proportion. I was just 4-5 weeks late
 
I'd definitely call this your first Covid panic porn fear day in months. Tuesday/Wednesday felt more like both a correction and weighing what the Fed said. But with it looking like the NASDAQ may tumble too it's a panic porn fear day in the market. Not as much as 2000 down yet but it feels like a panic day.

Just wish I could load a bit more money in, but I still have enough in for a couple longer term moves if some prices hit, I'll have to see how I feel later in the year (it'll most likely still be that I feel like I need to have more in given interest is ****). And maybe some for the spec, but I'd prefer to keep the amount I have there low.
 
GeorgiaGirl said:
I'd definitely call this your first Covid panic porn fear day in months. Tuesday/Wednesday felt more like both a correction and weighing what the Fed said. But with it looking like the NASDAQ may tumble too it's a panic porn fear day in the market. Not as much as 2000 down yet but it feels like a panic day.

Just wish I could load a bit more money in, but I still have enough in for a couple longer term moves if some prices hit, I'll have to see how I feel later in the year (it'll most likely still be that I feel like I need to have more in given interest is ****). And maybe some for the spec, but I'd prefer to keep the amount I have there low.
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I’m not panicking about about the news, but I am panicking about everyone panicking about the news. Should be fun to watch either way..
 
Jimmy Hypocracy said:
I’m not panicking about about the news, but I am panicking about everyone panicking about the news. Should be fun to watch either way..
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I've said in other threads that I didn't really want to hear about COVID anymore unless we have a hospitalization uptick that is an issue. If it does, we just have a lot more issues and I better find more Android games to play and other TV stuff to watch because other than the potential of me doing school again, I won't have much else (well, I could find work with the certification I have but I'd be torn).

Still don't, but they've obviously brought it up again.
 
As I scroll through my watchlists it looks like there was a ton of buying at the bell on just about everything. That gives me a little bit of confidence unless it’s just a dead cat bounce
 
Jimmy Hypocracy said:
As I scroll through my watchlists it looks like there was a ton of buying at the bell on just about everything. That gives me a little bit of confidence unless it’s just a dead cat bounce
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Makes me super nervous. But I added to NKLA and bought GAN at 18.77. I'm done for the day. Currently holding NKLA, VRM, AXP and now GAN. Still parked in VGT.
 
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