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Misc Stock Market

KyloG said:
MVIS chart looks fine...even with the offering. If it hits $5 I may buy some shares. PM is at $6 and the 21dema is $4.75. I think this may drop to $5 but I would expect a bounce from there. Although, anything EV related right now is showing strength.

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Lot of time left in the day of course but nice little bounce right now, you might not get that $5 chance lol. I added a few at 5.95 PM.
 
Sold BOIL for a nice 15% pop.

This morning I'm getting in RLFTF at .30. It's OTC Covid play. Data at the end of January. Just looking for 20-25% here. Bounced the last 2 times it got this low back to .40+
 
Storm5 said:
What’s everyone’s favorite trading platform . I can’t decide if I like Webull or thinkorswim better . Been using both for a while


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I like TOS
 
Broken024 said:
I like TOS
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For me it kind of depends, if I'm working on mobile I like TOS/TD. I have schwab, RH, TOS and we bull that I'm currently trading in. I have been tracking a bit more lately when I set my orders how close one way or another they get filled and what brokers do the best for me and so far its been schwab/TD doing better and robinhood consistently doing a bit worse.
 
Storm5 said:
What’s everyone’s favorite trading platform . I can’t decide if I like Webull or thinkorswim better . Been using both for a while


Sent from my iPhone using Tapatalk
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I have Wells Fargo, Fidelity and TOS. TOS by far my favorite.
 
Rain Cold said:
It will probably settle back to the $2-4 range. Just get ready to average down!
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I would think a bounce comes at the 21dema next week or two. Chart is still bullish, just needed to rest. Plus, people taking profits for tax reasons...McConnell really screwed the Republicans in GA runoff. If the Democrats sweep they gain control and taxes will go up. That could make things really rocky early next week. Although, if Democrats win the EV names may run as that would help spur that industry.

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Broken024 said:
You guys should sell covered calls against your mvis shares. You can sell the 8$ strike price in February for $100.
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One day I'm going to make a point to learn options trading but I don't understand it nearly enough to venture an attempt now.
 
metwannabe said:
One day I'm going to make a point to learn options trading but I don't understand it nearly enough to venture an attempt now.
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Selling covered calls is pretty straight forward. You basically sell a contract to someone for the right to buy your 100 shares of x stock at x price. For MVIS right now (as of earlier this morning) you could sell a contract to someone to buy 100 shares of MVIS from you at $8/share by February 19 2021. For this right, they pay you ~$100 as a fee which you keep no matter what. If on 2/19 MVIS is trading below $8/share the contract will expire out of the money and you keep your 100 shares and the $100 fee. If it is over $8/share it will get exercised and you are forced to sell your 100 shares at $8/share no matter what it is trading for (you still keep the $100 fee). Kind of like "free" money :) - you still run a risk of the stock going down, but this hedges somewhat with the fee. There is also missed opportunity cost if the stock soars above $8/share, but you still keep whatever profit you made on the run up to $8.
 
Rain Cold said:
It will probably settle back to the $2-4 range. Just get ready to average down!
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I am very skeptical it ever gets back to that range (anything could happen of course that may cause that but would have to be a serious unexpected fiasco of some sort jmho). Honestly I think there was some MMs that wanted this price closer to billion dollar valuation, it shot passed that due to thousands of retail investors chasing a hot stock and pushing it higher. Now I fully expect it will barcode either side of $6 and then as EV & LiDAR continues to heat up it should rebound nicely. Could still pop anytime after first of year with partial acquisition or BO news. I did find it interesting that IR with MVIS made a point to contact all of the big dawg investors (those that are always in on the fireside chats) immediately following the ATM news the other day, basically to reaffirm the fact that they are funded, they are on track with negotiations and hold on for better days. I feel really good about it personally but I'm an investor not a swing trader with this one.
 
metwannabe said:
I am very skeptical it ever gets back to that range (anything could happen of course that may cause that but would have to be a serious unexpected fiasco of some sort jmho). Honestly I think there was some MMs that wanted this price closer to billion dollar valuation, it shot passed that due to thousands of retail investors chasing a hot stock and pushing it higher. Now I fully expect it will barcode either side of $6 and then as EV & LiDAR continues to heat up it should rebound nicely. Could still pop anytime after first of year with partial acquisition or BO news. I did find it interesting that IR with MVIS made a point to contact all of the big dawg investors (those that are always in on the fireside chats) immediately following the ATM news the other day, basically to reaffirm the fact that they are funded, they are on track with negotiations and hold on for better days. I feel really good about it personally but I'm an investor not a swing trader with this one.
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Kind of changing your tune....first you thought this was an imminent thing....now saying you are an investor...meaning you think it’s going to be a lot longer....??
 
DadOfJax said:
Kind of changing your tune....first you thought this was an imminent thing....now saying you are an investor...meaning you think it’s going to be a lot longer....??
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Never changed my tune, I've been in investor from day one, only a few swing trades here and there to increase my position. It could still be imminent, I really don't know but what I'm not doing is trying to pin a date down nor do I worry about the volatility/daily price drops because I'm confident in what the end game will be. That's just me, I'm comfortable with my risk level
 
There are some call sweeps this afternoon for MVIS. I had some limit orders set at 5.10-$5.27 but bounced off $5.30.

sweeps are for Feb monthly.

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metwannabe said:
Never changed my tune, I've been in investor from day one, only a few swing trades here and there to increase my position. It could still be imminent, I really don't know but what I'm not doing is trying to pin a date down nor do I worry about the volatility/daily price drops because I'm confident in what the end game will be. That's just me, I'm comfortable with my risk level
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I gotcha...that’s a good place to be I guess. I think my position is pretty grim, and it’s getting the best of me. Hopefully this turns around quick.
 
Picked up 300 shares of MVIS at $5.40 for a bounce into close or next week. $5.30 pivot so stop set just below that. Although, I think it does hold $5 if $5.30 breaks.

If it can get back over $5.77 I may add Feb options.

Also, it's under SSR for rest of today and Monday.
 
Added a 100 more shares at $5.31. Bears are going for the knock out blow. This either bounces or am I am out at $5.26.

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snowlover91 said:
AITX and PVDG are worth watching.
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I got in on PVDG a couple weeks ago riding freebies now. APYP I'm in since trips probably a two week hold and sell before conference call. Loading zone is sub .0015 for me. Have a few other trips I'm eyeing for the new year.
 
Thor said:
I got in on PVDG a couple weeks ago riding freebies now. APYP I'm in since trips probably a two week hold and sell before conference call. Loading zone is sub .0015 for me. Have a few other trips I'm eyeing for the new year.
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PVDG I like pretty well, plan seems to be get current then start with PR process. Will be longer term for it but I could see it being a pretty good runner in January. Same for AITX except they’re already current, they seem to have some really intriguing tech.
 
Gonna get that $5 momentarily. Straight down. Will be ready to pounce when we get close to $3.
 
Rain Cold said:
Gonna get that $5 momentarily. Straight down. Will be ready to pounce when we get close to $3.
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Full disclosure im on freebies with this one since yesterday/this morning. I had to wait until the tax year changed to do anything. Ill be a buyer again when it gets in range. The bear attack on a light trading week was probably well timed for them. The ATM was not well timed, you do that on the run up and the share price probably barely reacts.
 
Thor said:
Full disclosure im on freebies with this one since yesterday/this morning. I had to wait until the tax year changed to do anything. Ill be a buyer again when it gets in range. The bear attack on a light trading week was probably well timed for them. The ATM was not well timed, you do that on the run up and the share price probably barely reacts.
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Bailed ehh, smart move.
 
Rain Cold said:
Gonna get that $5 momentarily. Straight down. Will be ready to pounce when we get close to $3.
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Sharing a chart from a TA guy over on Reddit..... you might get that $3 wish or 3.50 anyway, although as he points out there will be significant support at $5.00 from tutes that will want to keep this out of penny stock range so they can continue to buy shares.
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metwannabe said:
Sharing a chart from a TA guy over on Reddit..... you might get that $3 wish or 3.50 anyway, although as he points out there will be significant support at $5.00 from tutes that will want to keep this out of penny stock range so they can continue to buy shares.
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It will probably bang around at 5 for a bit and then go back to the breakout level. If there's no news, then there's not really a reason to run up so hard like it did, except on speculation, which I think is what we saw. When the rumor people are expecting turns out not to happen, you usually give up all or most of the breakout.

Hopefully your TA guy is still long term bullish. Keep an eye on insiders and see what they did in December.
 
DadOfJax said:
oh...I must have missed where you predicted a 40% drop in a week ?
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No one on earth can predict the stock market . If you got into this thinking you would be rich overnight then I see why you are so beat up . Most people don’t get into stocks because they don’t have the patience to wait months or even years for good returns . Also if you paid attention you would see they said multiple times that the stock looks overbought and poised for a correction!
 
Lickwx said:
No one on earth can predict the stock market . If you got into this thinking you would be rich overnight then I see why you are so beat up . Most people don’t get into stocks because they don’t have the patience to wait months or even years for good returns . Also if you paid attention you would see they said multiple times that the stock looks overbought and poised for a correction!
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I got in it thinking it had a chance to be something great....unfortunately it’s just another pump and dump that hasn’t sold a single product, and lost credibility when they offered ATM after the Hindenburg short job.
 
Rain Cold said:
Ok Mr. Rolleyes, right after you show me where I called for a 40% gain in a week. Deal?
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Im not the one claiming I haven’t changed my tune. We aren’t talking about the pump...we’re talking about the colossal dump it’s taken while the positivity continued. Now you’re on the train for this to dump down below the pump levels. Just sayin’
 
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