Current Events > Stock Market General #29

(+) Yeah! (+)

Stay safe ya'll, lot of red out there

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Welp....at least my covered call expired worthless lmao

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tag

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Decent day for my long term stuff

looking to get out of all this penny bullshit I bought when I first started posting in these lol

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https://www.reddit.com/r/wallstreetbets/comments/m862k3/4100_put_contracts_pretty_dumb_but_i_believe_i/

Look at this dumbass lmao

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I predict AMC $14.01

Dang lol

https://iamnotafinancialadvisor.com/discord/DD/og/GMEv11.pdf

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Don't let this be you >_>

https://www.youtube.com/watch?v=B8cN586JUR8

Also ICBU to the fucking moon!

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tag

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Well most my shit is green today, problem is i'm only making about 10% back in what I lost yesterday

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cjs28 posted...

https://iamnotafinancialadvisor.com/discord/DD/og/GMEv11.pdf

Whoever made that put a lot of effort into that meme stuff.

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LivingLegend posted...

Dude I lost $2,000 on Tesla yesterday... $1,500 is childs play.

Think the point is it happened within 3 minutes of a bad day trade. As opposed to losing it over the course of a day during a sell off.

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These NFT stocks are going nuts HOFV up over 50% today

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Sexypwnstar posted...

https://www.reddit.com/r/wallstreetbets/comments/m862k3/4100_put_contracts_pretty_dumb_but_i_believe_i/

Look at this dumbass lmao

Smoothbrain plays a true /wsb/player

I just signed up to Coinbase or should I stick to Etoro?

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Coinbase has coinbase earn and some of those coins actually go up.

After hearing Biden fired staffers who smoked weed kinda worried about my APHA shares

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Lebronwon posted...

After hearing Biden fired staffers who smoked weed kinda worried about my APHA shares

same.... god damn

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cjs28 posted...

https://iamnotafinancialadvisor.com/discord/DD/og/GMEv11.pdf

ape see pretty picture with lot of color and big word ape buy GME

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Wow

was at a funeral all day so didnt really check on ENZC

green by $29.22 lmao

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Weekend anti purge bump

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jeffhardyb0yz posted...

Maybe even dropping 10k on sub .001 stocks

Isn't this the guy that was acting holier than thou whenever anyone would dare talk about buying a meme stock? But I'm sure it's different now that he's doing it.

Ark Invest/Cathie Wood put out their 2025 price target for TSLA.

Bull case $4,000
Expected value $3,000
Bear case $1,500

Maybe I should get a couple TSLA shares if it keeps crashing next week.


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Lebronwon posted...

Ark Invest/Cathie Wood put out their 2025 price target for TSLA.

Bull case $4,000
Expected value $3,000
Bear case $1,500

Maybe I should get a couple TSLA shares if it keeps crashing next week.

What about her PLTR price target

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Jeff no offense but you can't go off on people trying to go all in on GME or other meme stocks when your investment strategy is literally gambling tens of thousands of dollars on penny stocks. Your criticisms ring hollow and sound like you're putting other people down because you hit with a few of your investments.

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BignutzisBack posted...

What about her PLTR price target

She probably can't say anything on that for a while. If she came out and said PLTR was going to $100 or something she'd come off as a pump and dumper after having loaded up on PLTR during these dips.

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Thoughts on OCGN and ZOM as of late?

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NinjaWarrior455 posted...

Jeff no offense but you can't go off on people trying to go all in on GME or other meme stocks when your investment strategy is literally gambling tens of thousands of dollars on penny stocks. Your criticisms ring hollow and sound like you're putting other people down because you hit with a few of your investments.

He made gains though. It's not the same as its hoppping on whatevers hot at the moment

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Makeveli_lives posted...

He made gains though.

As have many others here who hopped on meme stocks like GME, but for some reason when he makes gains on meme stocks like HCMC "it's different". Massively childish and hypocritical to say the least.

Anyone know much about wash sales with options?

I sold a 35 Put (30 days+) and wanted to get out for a loss (ex $100)

And then sell a 30 Put and hold for 30+ days

Would the $100 loss be a tax writeoff because its a different strike and exp?

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NeverOffended posted...

As have many others here who hopped on meme stocks like GME, but for some reason when he makes gains on meme stocks like HCMC "it's different". Massively childish and hypocritical to say the least.

He does research

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Makeveli_lives posted...

He does research

As do others here, are you his alt or something? Jesus dude you make it sound like he's levitating above the rest of us.

I barely see any dd posted here

NeverOffended posted...

As do others here, are you his alt or something? Jesus dude you make it sound like he's levitating above the rest of us.

Hardly. I'm just not lumping him in with everybody asking him for his dd because they can't do their own. Obviously he's not the only one who's done his work, but there are a lot of people asking what to invest in instead of throwing out suggestions of what to invest in.

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Trumpo posted...

I barely see any dd posted here

Neon posts double d's sometimes

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Whats the significance of the earnings report for gme and Ryan Cohen of CEO? How exactly does that make the stock go up?

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I bought Cardano at the dip and it's dipping lol

Admiral_Zero posted...

Thoughts on OCGN and ZOM as of late?

ZOM moved up its commercialization date of March 30th to earlier this week. So if you were trying to do the buy the rumor, sell the news swing trade that moment passed for the stock. Now it a do you believe in this stock long term. For me it too risky to hold as the tech/growth sell off happens. Plus I don't really see it going anywhere until they have earnings which prove they make money off their product.

OCGN CEO was asked point blank why would US buy their COVID vaccine when there are others already approved by the FDA and he froze. To me it also risky since that supposed to be the major catalyst for that stock. I could be wrong and US grants them FDA approval but I wouldn't tie my money up in it. Waiting for FDA approval already got burned by SENS having their FDA approval delayed.

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I'm going to keep adding PLTR and make it 25% of my portfolio. It could blow up in my face but the CEO sold me when he said if you want something else go buy another stock no one is forcing you to buy Palantir.

Here is clip of it if no one has seen it: https://twitter.com/CNBCClosingBell/status/1371925205938016256

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bump

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jeffhardyb0yz posted...

@
No offense taken man. Criticism is fine. However, I dont compare what Im doing to people chasing GME. Two completely different things. People see chasing profits and all of a sudden lump what Im doing with GME. 99% of trading is chasing for profits so thats where the similarity ends. Unlike many GME peeps, I dont get into my stocks off of solelyhype(not a knock on them but call a spade a spade, its a hype stock of a dying company that no one would be looking at today if not for the mania). I get into my stocks usually long before theres hype thanks to extensive DD. Looking at some of the stocks Ive shared here: I was in ICBU a week and a half before the surge(long in penny stock time). Did DD on ENZC after it was mentioned here(it hadnt blown up yet, was .02 and I went all in and averaged up), Was in HCMC over a month before it blew up(got in at .0002, went as high as .0068). Was in ZOM all the way in June, a full 9 months ago(got in at .07, now over $2).

How does this differentiate from GME? Well firstly, GME doesnt require DD because its currently the biggest pump and dump/squeeze on the planet. People are getting on and off the ride, especially the loads of new traders who got into this because of the GME rush(aka a majority of people who have no idea what theyre doing with the stock and who end up bag holding). Ive already said how I feel about this so I wont get into it much more. There are a lot of GME bagholders worldwide and people buying near the top. I dont baghold anymore since moving to my current strategy, why? Because I get in extremely early, so even in the event of a stock falling, Im still heavily up. ENZC plummeted to .30 from .95 and Im still up over 4x. HCMC plummeted to .0014 from .0068 and I was still up 7x my initial investment(was up 34x when it was .0068). Ive had no red trades this year thanks to what Im doing(well one, only because I wanted to get out to use that money for something else I saw with potential).

Now does getting in early and doing proper DD ensure profits? No. But does it help minimize potential losses? Absolutely, which is why Im able to throw down a few thousands onto a stock when its in .000s and make 5x or 10x returns without fear of losing too much. Lose 3k on something you got for 14.5 million shares while at .0002? I can live with that. But even flipping that to .0004 brings that 3k to to 6K and .0010 brings that $3k to $30k, which is where Ive found my success and niche.

Theres risk in it, like with all penny stocks(and stocks in general) but what Im doing is low risk, high reward. Is it 100% foolproof, hell no, and Ive never claimed it to be. Calling penny stocks a risk is absolutely fair, but to lump what Im doing in with GME(which I keep seeing here) is just ignorant. A lot of it from these threads comes from people who dont do DD, arent familiar with stocks period and some of it(from a specific few users) is jealousy(like the dude who had to log into an alt to call me out LOL). Is what it is.

But yes, I hope Ive cleared up any ignorant(no disrespect here but thats what it is) misconceptions you or anyone else may have had about what Ive chosen to make as my strategy and how it relates to GME(it doesnt). Ive never claimed or said my strategy is foolproof or better than anyone elses but I will absolutely stand by the fact that it is a completely different strategy than GME, so comparing the two is just dumb

How do you identify the ones that could have potential? What are you using to research?

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I have trouble knowing how much cash to have in your account and when to use it.

I have some cash now but I spent most of it the other day after a stock I was interested in dipped. Is that what you're supposed to do?

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Damn_Underscore posted...

I have trouble knowing how much cash to have in your account and when to use it.

I have some cash now but I spent most of it the other day after a stock I was interested in dipped. Is that what you're supposed to do?

I try to set aside 5% of my portfolio for cash and add a certain amount a month to my brokerage no matter if market is up or down. If a dip buy leaves me with no cash I either wait for my next deposit or sell a stock that has spiked that I dont feel the need to hold anymore.

With this whole inflation panic going on I have been spreading my purchases over the course of several days. For example next week that money printer guy and Janet Yellen testify before Congress. So I wont go all in Monday. Will spread buying across Mon-Wednesday just in case any or all of their talks crash the market. Or in case Bonds go up to 1.8 and panic selling happens.

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