Board 8 > Stock Topic 20

(+) Yeah! (+)

Lmao I just saw a 1 million volume bid on level 2 for ENZC and I think it got fully filled. Now that's intense.

Some people really seem to think ENZC are going to cure HIV. I mean if they actually do, welp I'll be a millionaire, but for now all I care about is the perception that they might.

Think I'll up my shares to like 100k tomorrow (if they stay around these prices) when I get access to my available cash back in Ameritrade. Then just set it and forget it. Especially if it pops the dollar value soon, I'd feel really comfortable holding long. I'll unload only to buy ATNF if I see a good dip buy - it's run so much on no news I could see one happening - and hope my calls work out for ATHX to exercise those in two weeks.

ATHX
ATNF
AVCTW
ENZC

The perfect 2021 portfolio folks

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I've got $10 in DOGE, $10 in LINK and $10 in ETH

We're basically the same.

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IEA pulling back pretty hard right now if anyone wants a good green energy play. Highly recommend the warrants, IEAWW, if they drop below 4. Good chance that they could hit 10 in a couple months time

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Hey guys those $5 GME puts I bought yesterday are UP from where I sold them

Not much but just sayin'. Now the $50 puts are all up like 300%

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Yeah, because they are "ahead of schedule" due to todays losses, but that doesn't change the underlying chance of the $5 put actually striking.

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Thoughts about $30 March 19th GME puts? They have some of the highest volume of puts that I see on thinkorswim

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StartTheMachine posted...

Thoughts about $30 March 19th GME puts? They have some of the highest volume of puts that I see on thinkorswim

You missed the boat I think. You needed to make this play yesterday

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Yeah, the premiums are so high now it's not looking worth it.

Oh well, ENZC was a nice surprise that I found so I'm okay missing big put bucks

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What even is a realistic price for GME
I want to say 6 but it's clear that there are plenty of people that will refuse to sell and hope that "a second wave" will come
So...20ish?

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Nanis23 posted...

What even is a realistic price for GME
I want to say 6 but it's clear that there are plenty of people that will refuse to sell and hope that "a second wave" will come
So...20ish?

Hmm, I think I would buy at 10. It's possible it will hold higher than that, but the people propping the price up could all just give up at some point and move on to something else

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I don't think GME is properly valued anywhere near $10, especially if Cohen can get it turned around like he did with Chewy.

DFVs original DD had them in the sixties so

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ExThaNemesis posted...

I don't think GME is properly valued anywhere near $10, especially if Cohen can get it turned around like he did with Chewy.

DFVs original DD had them in the sixties so

If a company turns into a successful company its worth more

Well yes duh

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The fact that Ryan Cohen is already on board and they have already started hiring senior tech talent from companies like Amazon means that the company should already be worth a lot more than before.

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I hope none of the new people got BTFO on gamestop or amc


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Man calls are so cheap on AMC now

Tempted to just buy a pack of $9s expiring tomorrow to see what happens

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imo i wouldnt sell a put for gme with a strike above 20 and the ones below 20 seem iffy. Maybe the 3/19 15 strike. About to enter prime thetha decay and with a 1.60 premium your making a little over 10%. Cost basis of 13.40 isn't too bad either

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I bought one so you don't have to. 13 cents. Will inform

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I bought a 6 pack

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I bailed on AMC at 8.50 and Im tempted to get back in at 7 and go for another ~10% bump.

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I would wait until next week on amc

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I took GME and AMC off my stock watch list because Im tired of them.

Corssing fingers that Snapchat and Pinterest crush earnings after hours...

ExThaNemesis posted...

I don't think GME is properly valued anywhere near $10, especially if Cohen can get it turned around like he did with Chewy.

DFVs original DD had them in the sixties so

No offense Extha but I think you take the things you read on reddit as face value and true way too easily. It's very important to always take that stuff with a grain of salt as a lot of it is written by people who want you to buy so it inflates their own investment. ESPECIALLY on Wallstreetbets.

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Anyways I am so buttfurious that I wasn't able to sell covered calls for next week yesterday on AMC with a strike price of $13 for $1.5 each because my account wasn't set up properly. That's just not a possibility anymore with today's drop.

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If I don't get assigned these AMCs I'm probably going to pivot over to selling GME Puts

But I wouldn't risk a put higher than 20. Company ain't worth 60 no way

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My impression of WSB is that despite calling themselves stupid, they are fairly smart in choosing trades in the sense that if they bought stock instead of short-term call options, those trades would probably be +EV. However, they choose levels of risk so high (almost always options) that the variance blows up their accounts most of the time even if the trade is +EV.

As a whole, WSB likely outperformed an index fund (but not this topic) in 2020. However, probably at least 90% of users there lost money. Probably another 9% of users broke even or made a small amount of money and 1% or so of users made a lot of money when their lotto ticket options hit (more than the combined losses of the first 90%). These numbers are pulled out of thin air, but I do believe they are a fairly good description.

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Pinterest up 10%
Snap up 5%

Anyone else gets on these?

StartTheMachine posted...

For the record, reading financial filings does put me to sleep. But reading about management's visions for their respective companies and their histories and all of those sorts of things, I really like. And more often than not, it's pretty easy to spot s***ty management from a mile away.

Also this is a post that I want to respond to from last topic

The MD&A of an earnings release can be very insightful into the operations of a company and tell a lot more of the story beyond the financials, and give you an understanding of what the company is doing and intends to do beyond what you might read about in the news or on reddit. So these are very good things to read if you want to learn about a company.

BUT. Just like a lot of posts on reddit about stocks are intended to spin you a story to convince you to do something that will benefit them, (and not you). the management discussion in these disclosures are intended to portray events and future plans in as positive a light as possible to shareholders, lenders, and potential new investors, You need to take this all with a grain of salt because they *want* you to think they are doing a good job and have a good plan going forward. It's all about the story they are trying to tell.

I know this intimately because of.... reasons.

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VGAC (an SPAC) went up 30% today after they announced they are merging with 23 & Me. This SPAC investment paid off a lot faster than I was expecting. I guess I should invest in more SPACs going forward.

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red sox 777 posted...

My impression of WSB is that despite calling themselves stupid, they are fairly smart in choosing trades in the sense that if they bought stock instead of short-term call options, those trades would probably be +EV. However, they choose levels of risk so high (almost always options) that the variance blows up their accounts most of the time even if the trade is +EV.

As a whole, WSB likely outperformed an index fund (but not this topic) in 2020. However, probably at least 90% of users there lost money. Probably another 9% of users broke even or made a small amount of money and 1% or so of users made a lot of money when their lotto ticket options hit.

The most dangerous thing about this is that some users on WSB are 1) actually smart and post in that extremely self deprecating memey manner ironically and to push the culture of the subreddit forward with their good ideas, 2) have no idea what they are doing and are just here because of the excitement and think they are part of something, or 3) are smart and are post in that extremely self deprecating memey manner to get all the #2 users to buy into a pump in dump

You don't want to glide into WSB and pick up advice from #2 or 3 here. And they are both VERY prevalently giving stock advice there.

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CoolCly posted...

No offense Extha but I think you take the things you read on reddit at face value and as true way too easily. It's very important to always take that stuff with a grain of salt as a lot of it is written by people who want you to buy so it inflates their own investment. ESPECIALLY on Wallstreetbets.

Well I mean obviously. I only started with GME because I genuinely believed it was a good shot at making a quick 2x and then got sucked into the movement.

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Well sure, and like red sox has said, initially getting in on GME at that time actually wasn't that bad of a bet to make. My concern is that every time a new talking point comes up on WSB, I see you mention it here as if it's true. You're still doing it here today. This is a genuine shift in how you take information I think you need to make if you want to keep looking at stock stuff.

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Man I hate limit trading. I never understand it. Because of my ignorance, I sold for 7% gains instead of 10% in Pinterest. Note to self: make limit sell price lower than current price to get it to immediately hit. However, when I tried this and set it to $40, it got rejected. I had to set it to $80 and it hit at $83. Idk why.

Snapchat is sucking. Mustve had bad earnings. Its a wash for me :/

CoolCly posted...

Also this is a post that I want to respond to from last topic

The MD&A of an earnings release can be very insightful into the operations of a company and tell a lot more of the story beyond the financials, and give you an understanding of what the company is doing and intends to do beyond what you might read about in the news or on reddit. So these are very good things to read if you want to learn about a company.

BUT. Just like a lot of posts on reddit about stocks are intended to spin you a story to convince you to do something that will benefit them, (and not you). the management discussion in these disclosures are intended to portray events and future plans in as positive a light as possible to shareholders, lenders, and potential new investors, You need to take this all with a grain of salt because they *want* you to think they are doing a good job and have a good plan going forward. It's all about the story they are trying to tell.

I know this intimately because of.... reasons.

Well said. Trust me, I know this too and to take any forward-looking statements with a grain of salt. For the record, I do actually look at a company's financials and fundamentals first usually, especially if I intend to hold their stock for longer than a week. That's vital to understanding what position they're currently in. When looking at the "vision" for a company, the most important thing to me is to look at the past successes of their management team.

If I just took the company's vision at face value...ummm every penny stock would be a 10/10 investment. Like, when I bought GNUS which had a horrible history and a CEO worth 398k (in 'Merica where CEOs are often billionaires), yeahhhh I knew the company was a joke and not a long term hold. I always trust history over vision, not doing so is just way too risky.

So my favorite companies and basically all the stocks I own have both - management teams with incredible successes in the past and visions for the future I can get behind.

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So apparently Snapchat exceeded expectations on everything (earnings, revenue, user growth). But the stock is falling because they expect light Q1 numbers. What a crock.

Sunroof posted...

So apparently Snapchat exceeded expectations on everything (earnings, revenue, user growth). But the stock is falling because they expect light Q1 numbers. What a crock.

What I've noticed is that the market's expectations are usually higher than that of the analysts. Sometimes even higher than the most optimistic analyst.

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Also, I am not sure what has gotten into Elon Musk. This is almost like a Trump tweetstorm.

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I reckon thats the case. Guess Im holding Snapchat for awhile!

I told you don't gamble with earnings calls

You gamble with the hype run up to the call you have to plan ahead.

Sell before the call unless super confident

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damn i was right on pinterest but didnt have any $$$$$

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It was a gamble that I dont regret. It paid off with Pinterest and I made $1,600. Ill just hold Snap until Im even.

The silver lining here is Snapchat was the last of my investments so I only put on $24k compared to Pinterests $27k.

Lopen posted...

I told you don't gamble with earnings calls

You gamble with the hype run up to the call you have to plan ahead.

Sell before the call unless super confident

Yeah I was thinking about this lately - if an earnings call is coming up in a few weeks and there hasn't been a rise in price yet you could buy and gamble that will rise in anticipation of the call and sell during that rise.

Buying right before the call means you are the one buying after it's risen from hype. My very first buy was doing this with AMD and I was punished for it.

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Yeah I agree its better to spot them a few weeks out but its easier to wait until the last minute. Ill try sniping the ones coming out late February for everyone when I get a chance.

I mean I read DFVs due diligence like from his own opinion and research. I just gave my opinion on it is all

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Lopen, bro.

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What's up greengravy

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talk to me on discord i need your help

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with covered calls

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sure thing bud

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