Lurker > Zachnorn

Of course BYND goes down 7% when I decide to hold it.

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woah

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Nanis23 posted...

I looked at BYND when it was 102 a few days ago and wanted to get in
But I realized there must be a reason for it - the earnings sucked. There is more competition than ever. This company is no longer special.
So I decided against
Whoops

Anyway looks like most meme stocks reached a very strong wall and are now dipping

Impossible and Tyson and others are making it hard to like the stock, I agree. On the plus side though, they are expanding product lines and going to other markets. I believe they're doing meatless chicken in China for KFC, some more products in Walmart in the US, and some other cool stuff.

But with the talk of an IPO for Impossible, it's not exactly a safe stock. I'm probably going to sell some of my position while it's still elevated due to hype, even though it would still be a heavy loss for me.

greengravy294 posted...

Honestly with this trend I think the actual smart idea is to wait a few weeks when shit dies down and buy back in low and wait for the next surge. Then just sell off. If there's one thing I know it's that internet people are persistent. Meme stocks aren't going away. At least in the short term.

This strategy has worked for me with AMC. That's why I've been a serious investor in it since February, in small amounts due to the risk. I only wish I bought more.

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BYND needs to go beyond the moon.

Please.

Stop dipping damn it!

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I only have 4 and I've made $93 in profit from it.

Not bad for what cost me $9.16 per share and less than $37 overall.

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I was born with a lung issue and cigarette smoke makes me cough and gag. Same with any kind of smoke.

Nothing against the person, but smoking of any kind is a no for me.

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Why didn't I put $500 into AMC last week like I considered doing? Damn it!

Up 250% since I bought 4 shares at $9.16 though

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Today is a good day.

All green for me, except for FIVE, which is bouncing around 0.

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woah BYND

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HeroicCrono posted...

Be careful not to draw the lesson from this that you will definitely win eventually if you keep doubling down enough. It can be a dangerous lesson to learn.

This is how I lost $500 on BYND. I'm gaining some of the money back, but I'm still out a good chunk of my portfolio. Additionally, the money I put there could have gone into better performing stocks or ETFs so that I'm gaining money instead of getting back lost money months later.

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topics nominated by the users

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AMC and GME still going to the moon

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Short squeeze on AMC?

I only have 4 shares but I'm holding. Considering buying more, but it is expensive right now. My profits though? 101%!

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Sunroof posted...

Reminder that KSS destroyed earnings and went down 10% last week anyway. I bought in today at $54.55. I recommend it.

Seems like this is the case for stocks in general. I don't understand it.

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Except the NASDAQ. Glad I sold off QQQ and most of QQQJ at this point. I might just eat the losses on some individual stocks that are likely in those ETFs so I can at least put them into DIA and VOO/VTI.

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paperwarior posted...

Am I the only one who thought it meant putting flashy lights into the case?

That's what I thought. I blame me being a PC gamer.

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It is! Certainly a good pick, thanks for recommending it!

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Wish I didn't sell VIAC. It's doing well today. I sold because it fell after I bought it and I wanted to get a small profit at least and was fearful of it going back down, but it's doing better.

I feel like my fear of losing money is making me miss out on a lot of returns while keeping losers.

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Well, at least brick is stronger than wood/sticks, at least against the Big Bad Wolf.

As for any wolves on Wall Street, I don't know.

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masterplum posted...

I am not putting money in a brick and mortar store

I've really only put serious money in Albertsons and Five Below as far as brick and mortar stores go. I've found that they're better swing trades than they are long term investments. I tried going long term with both but the volatility makes them less attractive for that.

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Menji posted...

Both. Because it was going to make things a lot more complicated.

Makes sense. Guess I won't worry about it then. Thanks!

Menji posted...

In other news I'm flying today and this is the most busy I've ever seen my airport. Moreso than Christmas time. I feel like Q2 ER for airlines are going to be massive.

Oh definitely. The only reason why I'm not invested in airlines (except for a $5 fractional share that SoFi gave me for free) is because I think the recovery is already priced in.

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You ignored the realized gains from stocks or only the unrealized gains?

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Sold off my Viacom stock for a decent profit before the stock went down. Didn't sell it at the peak, but not that far from it.

Nice.

Now I'm looking to reduce other short term positions.

Though I'm now faced with an interesting issue. My biggest problem with getting a mortgage loan is that I don't have the income. Losses reported to the IRS reduce my income to reduce taxes. I'm considering holding my losing stocks now and only selling my gains, even rapidly, to get my adjusted gross income higher. Once I have a home, then I can sell my losers and get a better tax refund as my income won't matter. How risky of a play is this?

My unrealized losses are only about $700, but as someone on the edge of being priced out, this can matter.

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Hoping so. I plan to not buy any stocks on my account for now until I put some money in, and I don't want to put more money in my trading account for now.

I have a long term Roth IRA that I'm having buy and hold during red days. I may set up a taxable account to do the same and just load it with ETFs. Those are on an account that only has one window I can trade in, because my weakness is trading instead of holding and I want to break that habit.

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Bought one share of GS, went into margin (by $8.38)

See what happens, I guess.

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https://media1.tenor.com/images/54451401d52c0dd2fe9ee5752857d53c/tenor.gif?itemid=3579864

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Every so often, I have a dream that prepares me for something bad. It might tell me to be careful. Once I had a dream telling me to buy MGM and I did and made good money.

My dream last night told me that it's going to be a bad day. But despite how much money I'll lose, I'm still okay financially because of the cash that I still have. I might as well hold. And not worry about it.

My stock portfolio dropped to its lowest level. The crypto I bought in the dip fell 36% overnight. It's a very bad day for me. And the market hasn't opened yet.

Just want to say for anyone that might have a bad day: don't panic. You might want to take a break from things today or maybe buy more if you're feeling bullish.

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Bought $10 of Dogecoin and Ethereum. We'll see what happens.

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red sox 777 posted...

It's okay. Investing is hard and it takes time and resources to learn. Better to learn lessons with smaller amounts of money than larger amounts.

Yeah, and I personally only really had money to do it recently. I used to play with stock simulators years ago but it seemed pointless because I didn't see how I could make money in reality if I could only put in $50-100 at a time and pay $10 per trade or $15 per month.

It's so different now and it's great. I just wish I were better at investing or trading. Oh well, I'm only down $300, I can do worse in Vegas.

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Sunroof posted...

Zachnorn is so far in his own head its impossible for him to make gains.

Probably! I avoided the stock market and even retirement accounts that invest in stocks (except my pension) because I didn't want to pay commissions and then I didn't want to lose money. Then I couldn't get real estate and I'm like "uh I guess I can play with stocks, I have nothing better I can do with this to help improve my life"

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I think there are some gains to be had. I just think we're seeing instability. The fears of a crash can become a self-fulfilling prophecy as well. Seems like there's a lot of talk about it on Yahoo Finance, Motley Fool, and YouTube.

I have $14k in stocks but I wouldn't put the rest of my life savings in it for now, and I'm taking my money out of growth stocks. Granted, my time horizon isn't very long as the only reason why I'm doing this is because I can't afford to buy a home in LA and inflation is eating my down payment.

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The outlook of activity looks promising, but I feel bearish because of the stock valuations.

I say as apparently #AMCtothemoon is trending on Twitter.

I only have 4 shares and already made my profits from other shares. I'm holding to see what happens. Gonna be amazing to see it go to the moon.

But I'm not counting on it.

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I'm selling some successful but low return stocks while they're ahead because the past few weeks and hundreds of dollars in losses is not giving me confidence in the market.

Maybe some others have the same idea.

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Tirofog posted...

It's worth noting that they're also spinning off HBO Max (aka the only thing attractive about this stock, IMO) into Discovery for some reason. I sold my shares and bought DISCA instead.

I think AT&T is still a decent stock if you're looking for a communications company. Most cellular subscribers apparently (kinda surprised, but apparently they overtook Verizon) and they're still major for the boring unseen infrastructure stuff. I still like the stock for that purpose.

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masterplum posted...

Just buying SCHD sounds so much easier

This has been my best ETF.

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frankftw posted...

Or just (sort of) make your own ETF by buying market cap-weighted top 10 dividend aristocrats, or whatever other metric suits your fancy.

That's what I'm considering doing with pies in M1 Finance. I'm considering making one based off a stock picking service such as The Motley Fool.

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Feeling betrayed by T. Bought it as a dividend stock. Liked the capital gains. Bought more. They announced they're cutting dividends and it dropped the stock. It was my most successful stock pick, but I've now lost money on it.

This kind of thing is why I'm moving towards ETFs. I clearly can't pick individual stocks.

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Lopen posted...

Yeah. I think index funds can basically be a fake savings account.

As much faith as I have in Disney to get to like $250+ in the coming years though it's going to be a rocky ride

I really believe ETFs/index funds are the best thing for most investors. I really wish I knew about them a few years ago. They're way better than stock picking if you don't have a lot of time or don't want to buy services to suggest individual stocks.

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And to address this:

Lopen posted...

Don't invest funds you'll expect to need to liquidate

It depends on how much cash you have as well. I'm looking into commodities, real estate, and even collectibles because inflation is here and could get pretty bad. I consider savings accounts to be an investment as well (just a depreciating one), and that's where two thirds of my money is. Inflation eats that and if I expect inflation to go up, then that's a big problem. We're at a point where, to protect your earnings, you have to put risk into things.

I really wish I could invest in real estate for myself though. That's the safest investment.

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I'm treating Disney as a long term investment.

Doesn't mean that it's not currently losing me money. If I needed to liquidate a part or whole of my portfolio for some reason (such as if I decide to strike on buying a home) it would become an actualized loss.

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I want to say that my entertainment companies are doing well, but Disney is weighing me down. I think the market is still pissy about their earnings and it's going to go back up so I'm holding. Not sure if I should buy another share. It is already about 10% of my portfolio.

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Toddnesssssssss posted...

I figured the note saying the person was legal covered that

Not necessarily. It could be interpreted as the younger person being legal at their age. That's probably how people took it.

Anyway, even if I were 38, still no. I don't think I could see myself dating an 18 year old now, and I'm 31. I have a few platonic friends in their early 20s and sometimes there are significant differences in life experiences and maturity as it is.

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I'm 31. No, I would not date an 11 year old.

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Mead posted...

Do not come to the LA area unless you have a well paying job lined up.

Let me give an example of why.

I've worked the same job for 5 years, I'm top of the pay scale for it now. I earned about 60k last year. I have about 60k in cash and stocks/ETFs that I can easily sell. I have an 800 credit score. They consider me low income and it's next to impossible for me to buy a one bedroom condo here.

Think 60k is good income? In most places, it is. In LA, it won't buy you that much.

I'm living at home at 31 and moving out on my own is a risky move.

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I got $3.50 more per hour temporarily.

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Nanis23 posted...

The fuck, Disney
And here I thought it was the safest stock right now

I have come to the conclusion that if you want to make money with less risk, you should buy ETFs. Buy when they're low. Company stocks are risky.

So far, I've made money on ETFs and lost it on companies. Only a few of my company picks have been good: AMC, ACI, and T. The only ETF I actually lost money on was QQQJ and that's because it's volatile and I sold most of it for gains already. For a time, I also lost money on QQQ, bought the dip, and made good money from successfully timing the market to sell near the top. In general, NASDAQ ETFs aside, I haven't been in the red for very long buying ETFs.

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Master Kazuya posted...

I also work at a school. If I got paid more I'd love it. The pay alone makes me unsatisfied.

Living in Southern California, the pay I get from the underfunded schools doesn't allow me to afford much (or, to some mortgage lenders, anything) in the overpriced area. That's really the only reason why I'm considering giving up and moving to Las Vegas for cheap housing.

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Sunroof posted...

AMC went up in part to selling $428 million in share offerings.

I'm confused. Aren't prices supposed to fall when new shares are issued because the existing shareholder's stake gets diluted?

I'm starting to think that the stock market will react positively to just about any news about AMC or GME.

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Great day for the indexes, but my portfolio was jumping up and down and went sideways. Sold a bit of AMC before it dropped. Wish I did the same to DIS, damn.

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woah AMC

Here is where I get mad for not buying more when it was around $9

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