Man, I love hearing stuff like this. Congratulations!! I just bought this with my recent stock gains ??
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
snowlover91
Member
Thanks Jimmy! Worked hard with 3 jobs and also stock investing to be able to pay off two vehicles within 2.5 years. Bought used and got the best deal I could, used stock gains to finish the 2nd vehicle off and now can just save up for a house and some land. It's a great feeling to be debt free, keep the picks coming!
MVIS making a small run, what's the deal with it? I keep hearing rumors about a buyout for it?
I’m not sure about MVIS. I’ve actually never traded it. I’ll check it out.
snowlover91
Member
I know @metwannabe has mentioned it several times on here, maybe he can provide some more info? It looks interesting and the chart looks solid.
Red to green move with ROSE..BK breakout potential is there. Keep on watch. Know the risks involved though.
and just like that! ROSE breaking containment!! Lfg!
First off, I know Reddit isn't really the best place for financial advice BUT the subreddit I've linked below for MVIS is amazing imho. Not your every day hype, some real serious DD and I've learned tons from that community (not just about MVIS but investing in general). The other link is some serious DD that's all combined in one nice little bundle for your viewing pleasure.
Reddit - Dive into anything
www.reddit.com
Now aside from the above a couple of things of note. The CEO, Sumit Sharma, has been given his marching orders from the BOD about selling the company (from earlier this year), he has also made it clear they have interested parties and are looking at what is in the best interest of it's investors.
What does Microvision do and have to offer, look at the 2nd link above to see there over 500 patents. There technology was way ahead of it's time but is really at an inflection point now. I've mentioned before that Microsoft's Hololens 2 (which btw is currently completely sold out due to huge demand) runs on internal MVIS technology. Something that wasn't public knowledge due to NDA until an investor purchased one, tore it down and found the MVIS chip and laser mirror inside (it was rumored but no proof until that). They also have some serious LIDAR technology which is also becoming in high demand.
MVIS isn't necessarily a day trading stock atm... but more of an investment which more than likely will payoff big time in the coming months if not weeks. Their conference call is scheduled for Wednesday, they announced it 2 weeks in advance (completely different from anything they've done before), they are also taking questions from investors.... all indications are they will have some sort of positive news about the BO. Shorts are manipulating the pps bigley right now, maybe betting on bad news and trying to turn a profit or a bigger entity doing all it can to drive the price down for a better BO price, who knows.
I maybe wrong, but I'm sold on the technology, I'm sold on the plan to sell the company or at least some of it's verticals, I'm also sold on the fact that the technology is worth every bit of $2B or more (each $1B is a $7.00 pps).
You set some aside to pay the taxes first right? Lol
It really is set to take off with any slightest little news. Couple weeks ago Dave Portnoy (Bartstool Sports guy now day trader if your not familiar, I'm sure you are lol) mentioned MVIS, bought some and it immediately rocketed past $3. With little news since and shorts working double time, it's come back down some. I think the little run today was probably shorts covering.
Little tidbit if you didn't know, they just regained NASDAQ compliance in early June, so from sub $1 to stable around $2 says something.... there are guys who are sitting on hundreds of thousands of shares at .15 pps, holy smokes why can't I have the guts to do that?!! Lol
GeorgiaGirl
Member
-225, which was not as bad as where we were.
Now time for tech earnings. thisshouldbegud.gif
Now time for tech earnings. thisshouldbegud.gif
GeorgiaGirl
Member
Facebook beat
Looks like Amazon had absolute blowout earnings.
Looks like Google may have beaten as well but they haven't commented about it yet. Bears so mad that it's dragging up SPY on stocktwits (but really, I was kind of surprised we wound up grinding to a regular down day with how poor it started out).
Looks like Amazon had absolute blowout earnings.
Looks like Google may have beaten as well but they haven't commented about it yet. Bears so mad that it's dragging up SPY on stocktwits (but really, I was kind of surprised we wound up grinding to a regular down day with how poor it started out).
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What do you think? This should calm some earnings fears and give the market room to run?
GeorgiaGirl
Member
Looks like Apple beats as well to complete the group, and they announced a 4 for 1 stock split.
That completes the earnings for all 4. I know one thing for sure, NASDAQ's probably going to be up tomorrow. I don't know about the DOW and S&P 500, but I would GUESS a rebound...just not confident.
That completes the earnings for all 4. I know one thing for sure, NASDAQ's probably going to be up tomorrow. I don't know about the DOW and S&P 500, but I would GUESS a rebound...just not confident.
I'll be shocked if tomorrow isn't green, should be a nice end to the week
GeorgiaGirl
Member
Looking at the price action right now and reading that they failed to get a stimulus deal done earlier this morning, needless to say, I will be shocked if Trump isn't begging Congress to come back at the end of next week. Things are looking very, very unsteady right now, and honestly it looks like it'd be a comfortably widespread red finish to the week without the tech blowout earnings.
Next week has a good chance at getting ugly without that stimulus deal, IMO....hope I'm wrong, but that seems likely to me. Gonna trend back towards 25k and 3k and then it will get stopped with stimulus news that looks much better than what I read in a tidbit in CNBC this morning.
Next week has a good chance at getting ugly without that stimulus deal, IMO....hope I'm wrong, but that seems likely to me. Gonna trend back towards 25k and 3k and then it will get stopped with stimulus news that looks much better than what I read in a tidbit in CNBC this morning.
GeorgiaGirl
Member
DOW would currently be -270ish without the Apple news based off a calculation I heard earlier.
Just imagine next week without good news. Gonna get very ugly, then we're going to hear about how they're resuming stimulus talks. Good thing I'm going to be in the woods in the morning on Monday.
Just imagine next week without good news. Gonna get very ugly, then we're going to hear about how they're resuming stimulus talks. Good thing I'm going to be in the woods in the morning on Monday.
Pulled off a solid 5 minute trade with Zion on the dip this morning. Quick $250
Exhilarating
Edit: Spiking hard now. Missed out on another 20%+
FML
Exhilarating
Edit: Spiking hard now. Missed out on another 20%+
FML
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I encourage you guys to check out JFU. It has recently bottomed out with a big consistent daily uptick in volume. This one is just a matter of time imo
GeorgiaGirl
Member
By George...Apple did it (mainly them as I looked for fun and 20 of 30 Dow 30 stocks ended up down)...
They drug what was a struggling DOW today (since most of it was red and a couple turned green at the last second) to a +115 finish, kicking and screaming.
Shame on me for letting that options article spook me back in the spring. I may have to retract on letting Apple go and nibble on some shares for the split after they cool off (of course assuming they do). I think they're overpriced but after they split, they're pretty likely to rally again over the years even if it may not make sense. Before that 7 to 1 split back in 2014, they were trading above $600.
They drug what was a struggling DOW today (since most of it was red and a couple turned green at the last second) to a +115 finish, kicking and screaming.
Shame on me for letting that options article spook me back in the spring. I may have to retract on letting Apple go and nibble on some shares for the split after they cool off (of course assuming they do). I think they're overpriced but after they split, they're pretty likely to rally again over the years even if it may not make sense. Before that 7 to 1 split back in 2014, they were trading above $600.
Steven_1974
Member
There's no way the Kodak stuff wasn't some serious insider trading. It started on Monday before the announcement was made on Tuesday. Then the ridiculous run up after when there is no way even with the government money that they are worth that much. Guess they decided they needed to emulate Fujifilm which got into the pharma business and contract manufacturing almost a decade ago while they twiddled their thumbs when digital cameras started coming out.
www.barrons.com
Kodak Stock’s Unusual Surge Raises Eyebrows on Wall Street
Kodak stock rose 25% on Monday, before news emerged that the company is getting a $765 million government loan to help the U.S. bring production of generic-drug ingredients back onshore.
www.barrons.com
VegasEagle
Member
APPLE = Buy, relax, watch it climb over time
I knew the last time Bitcoin broke 10k it was going to run stupid hard. MARA (Marathon Patent) runs with Bitcoin but I was too busy to put 2 and 2 together. MARA has been running stupid hard ?
Bitcoin with the mega dip..
Tornadocane
Member
I knew the last time Bitcoin broke 10k it was going to run stupid hard. MARA (Marathon Patent) runs with Bitcoin but I was too busy to put 2 and 2 together. MARA has been running stupid hard ?
Yeah. MARA was/is a nice grab. Heard U.S. is buying up Cryptocurrency, and BAC is buying a lot. It probably already happened, but it does portend some good things to come.
Jimmy, do you look at the QQQ? It's an index of the big tech stocks. Basically, our momentum in the stock market has been predicated on big tech momentum, but that seems to be stalling. Stochastics has dropped below 50, so we may be looking at a big correction in the next couple of weeks. The one thing that's gonna be critical is news out of Washington, which will lead to big daily dips and spikes.
I'm looking at the following:
ADMP: Covid stock set up for news. Buy as close to a dollars as possible, and sell $1.25 for swing. You could wait until it's over $1.40, which looks like the next area of support.
CPSH: This is a play on the NASA. CPSH is involved with the Perseverance Rover. This looks like it's going over from $2.40 to +$3.00.
INUV looks like a good AI advertising company that is good to go for buys at under .60, particularly with the election coming up.
PLM is a mining company that's sitting on 170 million pounds of nickel. There's rumors about a deal/partnership/merger with TESLA. TESLA is begging for nickel right now. Add on the dip to .46. Think it has room to go down a bit further to around .42 in a worst case scenario, but stochastics and momentum seem to be on its side.
Chattownsnow
Member
SXTC, XERS AND GLBS are my plays this coming week. Full on pump and dump ready for those 3 I believe
Tornadocane
Member
I think Apple might have played the best hand they could during Covid-19, and I’m on the fence as to whether to buy stock in the immediate future given our approach towards the flu, cold, and now, coronavirus season.
What happened? Apple cut the price on many of their products, and the government subsidized purchases of Iphone products by providing loans and vouchers to third-party retailers in China. If you go online, there are stories about 18-30% price reductions on many Iphone 11 models, and there are huge reductions of over 50% on utility and accessory items. I think the goal for Apple is to increase market share of the smart phone market in China, so they can increase the customer base for their Apps and services. I can imagine Apple losing money on sales in China just so they can profit off the digital transactions.
Why did this happen? The Chinese government fostered business growth during the pandemic. This created a nice recipe for Apple’s success in China, while they started moving their product manufacturers to India.
First, China cut a minimum of $300 billion dollars in annual taxes to boost growth in March, and expanded the amount of tax revenue that goes back to local governments. When you adjust for inflation, the number comes out to $600-800 billion dollars, which, for the purposes of scale, is 3-4 times greater than the $190 billion in lost revenue under the Trump tax cut in 2017. The largest cut came from the VAT tax, which was lowered from 16% to 13%. One of Apples third party, online retailers, JD Supra, was already exempt from income and others taxes, as well as interest rates on loans, and the reduction in VAT tax really helped them explode. China also increased made all donations from corporations to government-preferred charities fully deductible, which spurred numerous companies to donate. While relief is being provided to Chinese businesses, 45% taxes are being applied to non-citizens, expats, and anyone that earns global income.
https://www.straitstimes.com/busine...-45-china-tax-rate-consider-leaving-hong-kong
In addition, “many provincial and local governments have also set out additional relief measures. This includes deferring the payment of social security contributions (and in some cases refunding contributions already made), cutting real estate tax and urban land use tax for enterprises with funding difficulties/small and middle-sized enterprises, among other measures. We expect more tax relief measures to follow at the central and local level.”
https://www.internationaltaxreview....ief-measures-to-tackle-coronavirus-disruption
Adding more fuel to the fire, China poured hundreds of billions into banks, small business loans, and regulatory credits. Local Governments provided consumption vouchers to local businesses, and the national government provided e-commerce vouchers to online channels. The former mainly subsidizes small-businesses that are favorable to the government, and the latter spurred $38 billion in sales for JD Supra from June 1 to the 18.
https://www.startribune.com/jd-com-stock-jumps-6-in-hong-kong-debut-amid-annual-sale/571337302/
What happened? Apple cut the price on many of their products, and the government subsidized purchases of Iphone products by providing loans and vouchers to third-party retailers in China. If you go online, there are stories about 18-30% price reductions on many Iphone 11 models, and there are huge reductions of over 50% on utility and accessory items. I think the goal for Apple is to increase market share of the smart phone market in China, so they can increase the customer base for their Apps and services. I can imagine Apple losing money on sales in China just so they can profit off the digital transactions.
Why did this happen? The Chinese government fostered business growth during the pandemic. This created a nice recipe for Apple’s success in China, while they started moving their product manufacturers to India.
First, China cut a minimum of $300 billion dollars in annual taxes to boost growth in March, and expanded the amount of tax revenue that goes back to local governments. When you adjust for inflation, the number comes out to $600-800 billion dollars, which, for the purposes of scale, is 3-4 times greater than the $190 billion in lost revenue under the Trump tax cut in 2017. The largest cut came from the VAT tax, which was lowered from 16% to 13%. One of Apples third party, online retailers, JD Supra, was already exempt from income and others taxes, as well as interest rates on loans, and the reduction in VAT tax really helped them explode. China also increased made all donations from corporations to government-preferred charities fully deductible, which spurred numerous companies to donate. While relief is being provided to Chinese businesses, 45% taxes are being applied to non-citizens, expats, and anyone that earns global income.
https://www.straitstimes.com/busine...-45-china-tax-rate-consider-leaving-hong-kong
In addition, “many provincial and local governments have also set out additional relief measures. This includes deferring the payment of social security contributions (and in some cases refunding contributions already made), cutting real estate tax and urban land use tax for enterprises with funding difficulties/small and middle-sized enterprises, among other measures. We expect more tax relief measures to follow at the central and local level.”
https://www.internationaltaxreview....ief-measures-to-tackle-coronavirus-disruption
Adding more fuel to the fire, China poured hundreds of billions into banks, small business loans, and regulatory credits. Local Governments provided consumption vouchers to local businesses, and the national government provided e-commerce vouchers to online channels. The former mainly subsidizes small-businesses that are favorable to the government, and the latter spurred $38 billion in sales for JD Supra from June 1 to the 18.
https://www.startribune.com/jd-com-stock-jumps-6-in-hong-kong-debut-amid-annual-sale/571337302/
Tornadocane
Member
XERS: I think it has potential to get above $3-4 in the next few weeks, but I can also make the argument that it could drop below the resistance price of 2.6. I think this might be a swing play. Stock went from oversold to overbought recently, and RSI and MACD seem to be indicating an increase. They have a nice drug delivery system, and good news could really make them pop. What was your buy price?
GLBS: That's a stock I would expect bears to push on stocktwits. After TOPS and SHIPS crapped the bed, GLBS seems to be the next shipping company that people want to boast about. I can see a small pop coming for it after this last offering, but I think a reverse split is in its future after it spikes to .3. It could very well go under .1. Let's see. I've been wrong on these weird stocks. What's your target price?
SXTC: My old nemesis. I sold all my shares as soon as this thing hit .52 after swinging it for a couple months. I think it's a buy at .38. I could see myself jumping in when the indicators become more favorable. There is a lot of favorable news coming out of China at the moment. Friends of the Chine Communist Party are finding success.
Lost a grand on a BK play this morning. Company went over to pink sheet trading earlier than expected. Also made 10% on another play this morning which is where I had about 40% of my portfolio allocated for the last 2 weeks. Sold like the ? I am to secure profits. I am mostly cash now. I think it’s time to take another couple of weeks off so I can reevaluate my trading strategy. I’ve been a little reckless lately.
Chattownsnow
Member
I chickened out on GLBS. I’m afraid it’s a dud with all the other shipping stocks finding no success and massive debt load. I still think a spike is possible but it’s not worth the risk. XERS I got in at 2.69 and hope to sell at 4$. I do believe XERS could explode at any moment however. SXTC I’m looking to hit .55 and I’ll exit. I’ve got a lot of playing money now. Made a bold play in FSLY and NET on their pull backs and have banked on them. 150 shares on FSLY at 76.50 and 50 on NET at 34.75. Thats way more money than I Have dropped on anything but I felt very confident in those buys... I’m still bag holding IDEX like a sucker however lol.
JFU..
Reversal imminent. My #1 play right now.
Reversal imminent. My #1 play right now.
GeorgiaGirl
Member
With all the fun and excitement of traveling, I forgot that this week is employment report week for July until sometime today when I got back...boy, with areas reversing reopening that's not likely to end very well this go around.
Would have to guess they're going to attempt to pair that with good news on stimulus? Either way, I'm thinking probably low volume green tomorrow, then red on Thursday and Friday.
Would have to guess they're going to attempt to pair that with good news on stimulus? Either way, I'm thinking probably low volume green tomorrow, then red on Thursday and Friday.
Steven_1974
Member
Wish I had played Novavax months ago.
Novavax, Inc. (NASDAQ: NVAX) rose 17.1% to $184.00 in pre-market trading r after the company announced phase 1 data from its phase 1/2 trial was well-tolerated and had a reassuring safety profile. JP Morgan also upgraded the company's from Neutral to Overweight and raised its price target from $105 to $275.
Novavax, Inc. (NASDAQ: NVAX) rose 17.1% to $184.00 in pre-market trading r after the company announced phase 1 data from its phase 1/2 trial was well-tolerated and had a reassuring safety profile. JP Morgan also upgraded the company's from Neutral to Overweight and raised its price target from $105 to $275.
GeorgiaGirl
Member
I think either around 3325 or 3330 is going to be your S&P high before we leak back down (to the low 3000s at the lowest probably though because I think we're range bound) for now. Guess I wouldn't be surprised if I ended up being incorrect though because we're in funny land.
I made a sizable bottom play on PLAG this morning. Earnings were last week and weren’t all that bad. Nice uptick in volume and increase in share price but has since fizzled out. It’s basically waiting on volume to pick up. Low floater. Added in the low 1.90’s earlier today.
I was holding a large chunk of CNDT for the last few weeks and sold 2 days ago for 10% gains. It’s up 90% after hours after stellar earnings. I missed out on about $10,000. I want to cry
snowlover91
Member
RNWF was a big runner today, CLHI has been gradually trending up over the past few months in anticipation of the filings hitting.
Steven_1974
Member
I see CLHI is up to .14 now. Will be interesting to see how much it will run once the filing hits. I'm currently at a 124% gain.
GeorgiaGirl
Member
We really do not want to go down much this week I guess, if we don't see any kind of stimulus announced today, that might make parts of next week ugly.
snowlover91
Member
BRTXQ looks like a massive runner... slated to go bankrupt and have all shares dissolved and then a big fund jumps in and has been working on a reorganization plan for it and it would keep all shares in tact. Got it at .0016 this AM and this it has massive potential. Former nasdaq company.
snowlover91
Member
Yeah slow and steady rise, it sounds like progress is being made and they’re getting pretty close. Company is very tight lipped, I’ve tried to ask some questions but they won’t reveal anything (which is good). I could see it running to .50 or so once filings hit, maybe more depending on the content of them.