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Misc Stock Market
- Thread starter ForsythSnow
- Start date
I can't do those sub $1 stocks anymore...they usually spike so fast you have to be at your computer ready to put in the limit sell quick. I guess I could just put in stop limits +/- 20%.
Don’t forget, CPE and OAS traded n the .30’s a couple months ago
GeorgiaGirl
Member
Probably a good summary of what's gone on in the last 3 months. I chuckled and when I learned Credit Suisse was delisting their inverse ETNs soon, I laughed, hard. So many conspiracy theories rolling around about their delisting of ETNs like TVIX.
TTI ?
My IDEX stop limit is set to $2.49. I have a feeling that will get triggered today....after $2.60 it will be $2.20. Bought back in yesterday at $2.88. ?
Edit: And there it goes. It's getting crushed by the shorts...market getting crushed. Going to look to buy back in again at $2.10'ish later this week.
Edit: And there it goes. It's getting crushed by the shorts...market getting crushed. Going to look to buy back in again at $2.10'ish later this week.
Market getting hammered. Liquidated my TTI holdings on the runup this morning in anticipation of this market blood bath. 90% cash now and I’m salivating over here. Once the dust settles I’m buying ALL the cheapies!
It’s going to be a rough end to the week. Still 2 more days left after today and the news looks bleak. W shape recovery incoming?
Yeah, been brutal past few days on my long positions.
OPES (BurgerFI) has been really disappointing...I'm in big at $13.25 and would add more here but binding vote I believe is next week. Once/if that passes I would think this would jump back up. But if it falls through I will be out a chunk of money.
Steven_1974
Member
It's my bad since I decided to go gangbusters yesterday. Most of my positions are in the negative right now.
GeorgiaGirl
Member
I would not be surprised if I get stopped out on OPES. I changed the stop loss to $13.25 and it's probably low volume (I'm not checking today to be sure lol), so if it gets there I'll be out. Maybe sit tight and try again at the end of the week if it happens, nothing lost other than money in my long positions if my theory is correct. Or maybe, at the rate we're going, try with SHLL instead because of it potentially being memeatic with their trucks.
(if the GDP is worse than expected when it comes out tomorrow, tomorrow might see an actual circuit breaker, June 11th would've been but it got to that point after 3:30 so it was too late)
(if the GDP is worse than expected when it comes out tomorrow, tomorrow might see an actual circuit breaker, June 11th would've been but it got to that point after 3:30 so it was too late)
Steven_1974
Member
I'd lock that in. If you feel it's gonna go up further later just ride the rest of the shares. Just sell 33% of your shares and you'll have back what you spent initially already. The rest is just profit only.
I only bought in for $250...going to let it ride. The fact they have revenue opening up it would just take another customer to get this to .25-0.3.
Steven_1974
Member
Fair enough. I just always like to lock in when hitting amounts like that myself so the rest is free and clear and playing with house money.
I’m no expert, but this doesn’t look promising 
GeorgiaGirl
Member
Hopefully this is true, but if it's not and volume stays low, I'll end up losing 0 on what was supposed to be a long swing (now actual supposed to be longs, I suspect will be hurting for a while)...
Doing my research and charts right now, expect one more sizable drop this week. FMCI should bottom out around $14-$14.25 and OPES will touch mid $13's again. Bash me if you want, but when FMCI was at $15.50 earlier today I said stop losses between $14.50-14.75 will be raided... sure enough an hour later $14.60 hit and the back up to $15.50ish. One more stop loss trigger coming and then the gradual climb back up officially begins. I'll be waiting for FMCI at $14.25 with a 10,000 common buy and hopefully $3.35 warrants. Remember folks, SPAC's are not a continual climb from the day LOI comes out due to about a 2-3 month merger process. Sudden surge which establishes a baseline for what to expect pre-merger. If this follows all other SPAC's, we will see $20 again once the merger date gets announced. Typically there is then 3-4 weeks between that announcement and the actual date... this is when the climb over $20+ begins
Some good is in stocktwits if you do some looking, but it's also so cesspool-y. Unless you're day trading or doing shorter term swing trading, the best thing to do is batten down instead of complain or say people are losing you money. You only lose if you sell. I can be impatient as well, but today I decided to take a breather on being so focused in, and although it didn't help my mood, it was for the good that I did.
Doing my research and charts right now, expect one more sizable drop this week. FMCI should bottom out around $14-$14.25 and OPES will touch mid $13's again. Bash me if you want, but when FMCI was at $15.50 earlier today I said stop losses between $14.50-14.75 will be raided... sure enough an hour later $14.60 hit and the back up to $15.50ish. One more stop loss trigger coming and then the gradual climb back up officially begins. I'll be waiting for FMCI at $14.25 with a 10,000 common buy and hopefully $3.35 warrants. Remember folks, SPAC's are not a continual climb from the day LOI comes out due to about a 2-3 month merger process. Sudden surge which establishes a baseline for what to expect pre-merger. If this follows all other SPAC's, we will see $20 again once the merger date gets announced. Typically there is then 3-4 weeks between that announcement and the actual date... this is when the climb over $20+ begins
Some good is in stocktwits if you do some looking, but it's also so cesspool-y. Unless you're day trading or doing shorter term swing trading, the best thing to do is batten down instead of complain or say people are losing you money. You only lose if you sell. I can be impatient as well, but today I decided to take a breather on being so focused in, and although it didn't help my mood, it was for the good that I did.
What’s the move? DOW below 25k today? Where’s the next support?
Check out TELL and tell me why you think
25k next support then 24.5k. It's end of quarter, holiday week next week...this could get ugly.
Agreed! Looking at the 4 hour chart this will be the 3rd time with this cycle. Only thing that gives me pause is end of quarter and holiday week coming up. Thinking 2nd week of July this starts moving up.
Even with the short term pain, this is a bullish chart..knock on wood.
@Rain Cold CHK..we missed it 
Well it looks like it may be bottoming....volume decreasing. Maybe bounce coming up but this looks pretty bad.
I swear these shorts...was in on APT at $15.50...it opened about $20 this morning, I put in a limit sell at $17.49 and it tripped. Now it popped back up $18.50. So frustrating.
Dang man. Could have made a nice return!
Good call! I guess your limit's hit and great timing. I had my buy order ready to go to add more when it breached $15 and then I blinked and it was at $16.
GeorgiaGirl
Member
Nah it was something I read on Stock Twits yesterday (edit: I read for entertainment mostly). About 80-90% of that site is garbage but occasionally you get good info, and it looks like that chart reading was good info.
I'm still in too because I had my limit at $13.25. At least should be because mine wasn't market.
Edit2: Just checked to verify and I am still in. The next stop would be for a binding LOI to be announced and since there's a low float it could pop with that.
Snowflowxxl
Member
?
Fed working hard today 
That’s not encouraging
www.marketwatch.com
55% of businesses closed on Yelp have shut down for good during the coronavirus pandemic
Another 15,742 businesses listed on Yelp closed forever in just the past month
www.marketwatch.com
GeorgiaGirl
Member
LMAO I went for a walk and when I came back we had gone from basically flat to up +220 when I was back. ?
I asked why and my dad said "Cause 'hisname' is #1". That is about as good of an explanation for anything happening these days.
I asked why and my dad said "Cause 'hisname' is #1". That is about as good of an explanation for anything happening these days.
VXRT...in at $9.5 for 300 shares. Geez I hope this goes to $15 today.
finance.yahoo.com
Vaxart’s COVID-19 Vaccine Selected for the U.S. Government’s Operation Warp Speed
The study is designed to demonstrate the efficacy of Vaxart’s oral COVID-19 vaccine candidate. Vaxart is a clinical-stage biotechnology company focused on developing oral tablet vaccines designed to generate mucosal and systemic immune responses that protect against a wide range of infectious...
GeorgiaGirl
Member
That's one reason why I think the defensive sector has struggled some as well (another reason is Boeing working on 737 recertification)...but what I find funny is a democratic takeover doesn't exactly concern me there for the very long term even if it might mean defensive budget cuts initially.
Edit: Should add that everything is struggling right now. I thought the Texas/Florida news came before the final bell yesterday (might be wrong), but the news is also hearing that the coronavirus task force is speaking again and talking about potentially doing different measures.
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