Current Events > Stock Market General #26

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Vampire_Wreath
03/04/21 11:13:52 AM
#101:


Lebronwon posted...
So did anyone actually buy that meme ETF BUZZ? Or whatever was its ticker symbol I didnt follow up on it.

Lol fuck no

Why would you want a collective of memes to shit the bed when mostly you need to choose one meme to get money

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MachineJaipur
03/04/21 11:15:06 AM
#102:




I say hwut
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CE_gonna_CE
03/04/21 11:20:05 AM
#103:


MachineJaipur posted...


I say hwut
Just looks weird since it launched today.

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Vampire_Wreath
03/04/21 11:20:42 AM
#104:


There are so many good tickers on discount but not enough capital damn!

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MachineJaipur
03/04/21 11:21:47 AM
#105:


CE_gonna_CE posted...
Just looks weird since it launched today.
Did some people actually get in at 60 cents or whatever or is that just a display error?
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Lebronwon
03/04/21 11:22:35 AM
#106:


Apparently these are the top 10 holdings in that meme ETF.

https://investorplace.com/2021/03/buzz-etf-the-top-10-holdings-in-dave-portnoys-new-social-media-sentiment-fund/

TWTR
DKNG
F
FB
AMZN
APPL
AMD
AAL
NFLX
TLSA

Had no idea those were all meme stocks.

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littlebro07
03/04/21 11:25:13 AM
#107:


Lebronwon posted...
F

Ford seems like an actual decent investment

Pays dividends and is currently cheap as hell and theyre gonna have an all new lineup of vehicles soon

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CE_gonna_CE
03/04/21 11:26:43 AM
#108:


MachineJaipur posted...
Did some people actually get in at 60 cents or whatever or is that just a display error?
Display error, most likely.

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AngelsNAirwav3s
03/04/21 11:27:19 AM
#109:


Damn oil is over $64, almost a 3 year high. Combined with the insane natural gas prices during the cold snap, once companies start announcing just how much money they made during the storm (probably end of March/early April), I don't see how oil stocks don't keep going up. Hopefully OPEC doesn't mess everything up...

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xXfireglzXx
03/04/21 11:28:00 AM
#110:


littlebro07 posted...
Ford seems like an actual decent investment

Pays dividends and is currently cheap as hell and theyre gonna have an all new lineup of vehicles soon

Probably gonna wind up with a new Cash for Clunkers program down the road which really pumped financials for a lot of the industry last go around.

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Lebronwon
03/04/21 11:30:11 AM
#111:


littlebro07 posted...
Ford seems like an actual decent investment

Pays dividends and is currently cheap as hell and theyre gonna have an all new lineup of vehicles soon

I think they are lying about it being a meme ETF. Just went to their site and here is screenshot with more holdings. I was expecting it to have AMC, GME, NOK, but seems like it is filled with legit companies. Which is good but they are misleading with it being a ETF filled with meme stocks imo. Unless Im wrong and all the stuff in it are memes im unaware of.



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JScriv
03/04/21 11:30:57 AM
#112:


Yup, Ford is a great buy this week.

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CE_gonna_CE
03/04/21 11:31:01 AM
#113:


That is a solid list, lol

Anti-meme for sure

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project_night
03/04/21 11:37:07 AM
#114:


Lebronwon posted...
I think they are lying about it being a meme ETF. Just went to their site and here is screenshot with more holdings. I was expecting it to have AMC, GME, NOK, but seems like it is filled with legit companies. Which is good but they are misleading with it being a ETF filled with meme stocks imo. Unless Im wrong and all the stuff in it are memes im unaware of.


That is supposed to be a meme etf? Might as well just buy QQQ and VOO instead, lol.

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MachineJaipur
03/04/21 11:43:27 AM
#115:


CE_gonna_CE posted...
That is a solid list, lol

Anti-meme for sure
The market came for my portfolio explicitly

Rip
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Tryhaptaward
03/04/21 11:43:55 AM
#116:


GME just went green!
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Lebronwon
03/04/21 11:43:58 AM
#117:


CE_gonna_CE posted...
That is a solid list, lol

Anti-meme for sure

Yea. It seems more like going after the travel, reopening stocks, and blue chips. Which is kinda what is probably recommended right now. A few of those on the list like like MS, JPM, WFC, CVS, H, and CCL I had been eyeing as possible long term holds. Havent established positions yet since I dont know how long this dip going to be for.

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#118
Post #118 was unavailable or deleted.
BignutzisBack
03/04/21 11:44:52 AM
#119:


jeffhardyb0yz posted...
Im gonna be sick for a while until shit goes back up lol

You were up like 350k right? I know you pulled out of HCMC for some profit, what are you sitting at now?

@jeffhardyb0yz

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#120
Post #120 was unavailable or deleted.
MachineJaipur
03/04/21 11:48:13 AM
#121:


Future_Trunks posted...
ENZC is prob done with , damnit

thinking about cutting my losses ugh
If it goes back to single pennies, I'll buy and hold forever.

It was my first buy, it'll certainly be the last thing I sell
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CableZL
03/04/21 11:49:09 AM
#122:


What was that stock that is based on market volatility? I forgot

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littlebro07
03/04/21 11:49:15 AM
#123:


Future_Trunks posted...
ENZC is prob done with , damnit

thinking about cutting my losses ugh

wait for the news bro

nothing has changed about the company, the whole OTC is down

if they come out and say our trials failed, TAMU ended our lease, and the CEO just got arrested for funding our operations through dog fighting then Ill get the hell out

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#124
Post #124 was unavailable or deleted.
onedarksoul
03/04/21 11:55:35 AM
#125:


Trying my hand at getting in on one of those meme stocks early
SKT, lets go!

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MachineJaipur
03/04/21 11:57:16 AM
#126:


onedarksoul posted...
Trying my hand at getting in on one of those meme stocks early
SKT, lets go!
>outlet mall

Ishiggydiggy
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#127
Post #127 was unavailable or deleted.
SK8T3R215
03/04/21 12:04:11 PM
#128:


lmfao at yoloing your net worth then holding after making 10x it on shitstocks in a few months

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CE_gonna_CE
03/04/21 12:05:10 PM
#129:


Lebronwon posted...
Yea. It seems more like going after the travel, reopening stocks, and blue chips. Which is kinda what is probably recommended right now. A few of those on the list like like MS, JPM, WFC, CVS, H, and CCL I had been eyeing as possible long term holds. Havent established positions yet since I dont know how long this dip going to be for.
I bought into BUZZ a bit today based on the list. I current have 22 of the companies in my portfolio as long term holds, but I like many of the ones listed that I dont have, so seems to be a decent way to diversify further, honestly. Not putting a ton of money in, but a bit here and there doesnt seem like a bad idea with the dip were currently in.

As you said though, who knows how much longer and further this could go on for.

CableZL posted...
What was that stock that is based on market volatility? I forgot
UVXY

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theAteam
03/04/21 12:08:52 PM
#130:


jeffhardyb0yz posted...
YOLOd my $30k net worth. Flipped up to $325k in early Feb. Took out $25k profits for personal funds. Now down to $100k due to this months dips. Lost another $20k today so far

I admire your strength to hold. I'd probably kill myself if I lost all that, though I don't have the balls to hold something like that all the way to 10x in the first place so I guess I don't have to worry about it.

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Lebronwon
03/04/21 12:08:58 PM
#131:


SK8T3R215 posted...
lmfao at yoloing your net worth then holding after making 10x it on shitstocks in a few months

Yea this. How can you go from 30k to 300k off penny stocks and not rebalance your portfolio with safer stocks. Or at the very least have stop losses to keep your loses to like 50-75k.

Imagine if you cashed out and put all that 325k into SLVO or some other dividend stock. You could probably quit your job and live off that.

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#132
Post #132 was unavailable or deleted.
Lebronwon
03/04/21 12:36:17 PM
#133:


jeffhardyb0yz posted...
I dont get too stressed cause it was never actually my money on the first place to stress about. Until my shit dips below $30k(what I put in) then I really dont have much reason to panic. I also have confidence in the 2 stocks Im currently in and am a huge fan of what theyre doing so Im confident that theyre good plays in the long run. Its just funny stressing on a day to day basis vs looking at the long run

because I buy in super early, so I know Ill never be at a loss. Bought into ENZC at .03 so theres still a long way to go. Bought into HCMC at .0002(sold out of). Bought into ZOM at .07 in like august/September. If Im up and have confidence in what Im in, then I know even if the current is dicey, both ZOM and ENZC will rebound in the future. i knew HCMC was pump shit so I got out when I could. I really dont want to be in the pennies game long term, but all it takes is one or a few trades to be set.

if ENZC even hits 3 dollars, thats about $1 million. We were 1/3 of the way there just last month. Besides, Id never stop working even if I got rich lol, Id start my production company and thats another 30 years of work

this month has taught me to sell off portions though. Could have sold of portions of HCMC much earlier

Yea that is the positive. You haven't dipped below 30k. But I am in a similar situation but not as much as you. Im nowhere near 100k market value of my account/stocks. I have lost a lot past couple weeks but im still above my initial investment.


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SK8T3R215
03/04/21 12:36:33 PM
#134:


jeffhardyb0yz posted...
because I buy in super early, so I know Ill never be at a loss.

This is a logical fallacy considering you're investing in pink sheets.

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Lebronwon
03/04/21 12:37:53 PM
#135:


lol why do I keep get recommended videos like this on youtube now. Maybe it is a message that stocks will go up dont panic. Since during the time of that video below bitcoin was at like $7,000 and people panic sold. 1 year later it at $49,000. Or it is an inflation warning.

https://www.youtube.com/watch?v=Hk3T1FSlkYw


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CE_gonna_CE
03/04/21 12:44:21 PM
#136:


jeffhardyb0yz posted...
this month has taught me to sell off portions though. Could have sold of portions of HCMC much earlier
This is 100% the right idea. Im primary a buy-and-hold forever investor, but I was selling slivers of stuff at the peak the other week.

I think some folks get caught up in an all-or-nothing mentality and either hold onto, or sell all of, a given stock. Nothing wrong at all with selling a part and just holding onto some and letting it ride indefinitely.

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Lebronwon
03/04/21 12:53:06 PM
#137:


Anyone know what Powell said? He must have done his interview or speech by now and market is tanking a lot right now.


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#138
Post #138 was unavailable or deleted.
Esrac
03/04/21 12:55:59 PM
#139:


Taking another beating today.
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project_night
03/04/21 12:58:57 PM
#140:


oh the 10 year spiked again. I was wondering what happened.
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Lebronwon
03/04/21 1:08:33 PM
#141:


This market is so weird. So it is gonna crash because the economy is improving lmao. Shouldn't it be the opposite.

Yet when the economy was shut down and so many out of a job last year it goes up.

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Trumpo
03/04/21 1:11:31 PM
#142:


Tsla going to be in 500's at this rate
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CableZL
03/04/21 1:15:39 PM
#143:


Trumpo posted...
Tsla going to be in 500's at this rate
Definitely glad I sold at 707.5 even if I could have had 721 or 722 if I timed it exactly right.

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littlebro07
03/04/21 1:16:43 PM
#144:


Is there any point in investing in stocks like Amazon?

How much higher can it really go? Not expecting it to crash or anything but its like $3000 a share, could it really go to $10,000 or even higher?

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CE_gonna_CE
03/04/21 1:29:44 PM
#145:


littlebro07 posted...
Is there any point in investing in stocks like Amazon?

How much higher can it really go? Not expecting it to crash or anything but its like $3000 a share, could it really go to $10,000 or even higher?
Years down the road, maybe?

Wouldnt have thought wed see $3k+ a year ago, and especially in light of a pandemic, but here we are.

Well, for now anyway, whos not to say were going to crash hard here and be back below $2k.

I can say with certainly if there is a crash though Ill be loading the fuck up on stuff like Amazon though, no doubt. No doubt there is significant long term value in it, and others like it.

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ALIEN_WORK2HOP
03/04/21 1:36:18 PM
#146:


littlebro07 posted...
Is there any point in investing in stocks like Amazon?

I think it's a pretty safe investment and might just end up being better for you than leaving it in your bank account where nothing happens. It isn't going to make or break you though I would imagine.

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#147
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The Trent
03/04/21 1:46:27 PM
#148:


littlebro07 posted...
Is there any point in investing in stocks like Amazon?

dude

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Kenzikan
03/04/21 1:49:05 PM
#149:


littlebro07 posted...
Is there any point in investing in stocks like Amazon?

How much higher can it really go? Not expecting it to crash or anything but its like $3000 a share, could it really go to $10,000 or even higher?

You need to look at market cap rather than stock price. Amazon hasn't done a stock split in a while so it's share price is high compared to companies like Apple and Tesla who did splits last year.

If Apple never did any splits, it would be over $20,000 per share. Would you be asking the same question about Apple?

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WrkHrdPlayHrdr
03/04/21 1:51:58 PM
#150:


WrkHrdPlayHrdr posted...
I randomly bought some calls for AT&T a couple days ago. It's been on a decent little upswing. Almost doubled my money already.


Well this is looking a bit different a few hours later.

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