***Official*** 2016 Stock Market Thread

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Charmonium

Charmonium

Lifer
May 15, 2015
10,602
3,585
136
So apparently I bought a 102 Nov 11 nflx option at 5.8 a few weeks ago that was automatically exercised on Monday. I'd completely forgotten about it but it's one of the rare instances where I actually made a few bucks. That was a pleasant surprise.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,915
31,441
146
ponyo said:
If you're going to bet, bet to make it worthwhile. Buying tiny amount of stock with beer money is not betting.
Click to expand...

If beer money that hasn't done anything in a year can suddenly become single malt money, then what's the problem?
 
RearAdmiral

RearAdmiral

Platinum Member
Jun 24, 2004
2,280
135
106
ponyo said:
If you're going to bet, bet to make it worthwhile. Buying tiny amount of stock with beer money is not betting.
Click to expand...

It's pretty much all I had in that account. Besides, I'm not going to put that much into a speculation stock regardless
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
DRYS is taking advantage and issuing huge convertible preferred shares and preferred warrants and common. That's the end of the party. The bubble has popped.

Rats are jumping ship. Last one on board will be the new bagholders.
 
S

SNC

Platinum Member
Jan 14, 2001
2,166
202
106
2016 has been good so far. Shares of CPHD bought at IPO via a principal founder at > $6.00 netted a tidy sum when Danaher bought them.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,120
9,615
146
ponyo said:
DRYS is taking advantage and issuing huge convertible preferred shares and preferred warrants and common. That's the end of the party. The bubble has popped.

Rats are jumping ship. Last one on board will be the new bagholders.
Click to expand...

With 3 revers splits in the last year plus the bankruptcy rumors, anyone who bought into it shouldn't be surprised here. It seems like the owner is driving shareholders out of the stock by doing as much damage as he can.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
KB said:
You're killing me. Run!! :)

Long term I still think DRYS heads to 0.
Click to expand...

You guys actually think he bought DRYS? o_O The screenshot he posted looks like fantasy portfolio tracker where you can enter and edit your position, cost basis, etc. and not actual brokerage screenshot.

He's trolling and couple of you fell for it and even joined in and lost real beer money.
 
Kazukian

Kazukian

Platinum Member
Aug 8, 2016
2,034
650
91
ponyo said:
You guys actually think he bought DRYS? The screenshot he posted looks like fantasy portfolio tracker where you can enter and edit your position, cost basis, etc. and not actual brokerage screenshot.

He's trolling and couple of you fell for it and even joined in and lost real beer money.
Click to expand...

That was my eTrade account.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,915
31,441
146
MomentsofSanity said:
With 3 revers splits in the last year plus the bankruptcy rumors, anyone who bought into it shouldn't be surprised here. It seems like the owner is driving shareholders out of the stock by doing as much damage as he can.
Click to expand...

Yeah, I read these comments on Yahoo finance yesterday:

rj
22 hours ago
For the newbies.... Economou has been and continues to be the biggest criminal of all time with every company he has owned.... DRYS should have been shut down years ago by the sec. Economou should be in prison for what he has done to shareholders the last 8 years.
Click to expand...

Another statistic
2 days ago
Can someone explain things to me? A year ago I had 1000 shares of DRY (which cost me $4K). Then there was a series of reverse split and up to the end of last month I had 10 shares of DRY. For the last few days I noticed that DRY keeps going up. I went into my portfolios and could not find DRY any where on my portfolios. Today I have time and started looking into my statements and it took me awhile to find out that apparently there was another reverse split on November 1 and all of my DRY shares vanish. I felt that I was rob by DRY and don't know how to go about to get my money back.
Click to expand...
oof!
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,120
9,615
146
zinfamous said:
Yeah, I read these comments on Yahoo finance yesterday:




oof!
Click to expand...
That's been the general consensus here among those of us doing the trading. Even with the run up the last few days few were happy about it as they were long term holders who had lost everything they had in the position. I'm glad it was halted yesterday before more damage was done to new investors.
 
SketchMaster

SketchMaster

Diamond Member
Feb 23, 2005
3,100
149
116
Yup, I got my hand burned by DRYS. Decided to gamble a few hundred on it, got stuck in with the halt, then woke up to see my money on fire. Thankfully it was a very small percentage of my total portfolio.

Lesson learned, don't buy into a rush, better to take my money elsewhere for other opportunities.
 
Miramonti

Miramonti

Lifer
Aug 26, 2000
28,653
100
106
MomentsofSanity said:
With 3 revers splits in the last year plus the bankruptcy rumors, anyone who bought into it shouldn't be surprised here. It seems like the owner is driving shareholders out of the stock by doing as much damage as he can.
Click to expand...
Fwiw, anyone who bought into it was trading, not investing (which is the basis of your analysis). Those are two totally different objectives (atleast those who may have bought it after it got hot), and volatility will always attract trading.
 
Kazukian

Kazukian

Platinum Member
Aug 8, 2016
2,034
650
91
Miramonti said:
Fwiw, anyone who bought into it was trading, not investing (which is the basis of your analysis). Those are two totally different objectives (atleast those who may have bought it after it got hot), and volatility will always attract trading.
Click to expand...

Exactly
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,915
31,441
146
Miramonti said:
Fwiw, anyone who bought into it was trading, not investing (which is the basis of your analysis). Those are two totally different objectives (atleast those who may have bought it after it got hot), and volatility will always attract trading.
Click to expand...

Right. I don't think anyone imagined this to be some long tern unicorn or whatever you call those--certainly not returning to whatever it was...$157k? per share? lol. There were probably tons with sell orders in between 100-$200.

It seems that from the info posted here even before the halt, and elsewhere, that has more or less been a "criminal organization" (the CEO, anyway) over the last several years, and buyers were just hoping to luck out in time before the theft. Ah well

I wonder how many millionaires were created in the last couple of days with this stock? :D
 
RearAdmiral

RearAdmiral

Platinum Member
Jun 24, 2004
2,280
135
106
zinfamous said:
Right. I don't think anyone imagined this to be some long tern unicorn or whatever you call those--certainly not returning to whatever it was...$157k? per share? lol. There were probably tons with sell orders in between 100-$200.

It seems that from the info posted here even before the halt, and elsewhere, that has more or less been a "criminal organization" (the CEO, anyway) over the last several years, and buyers were just hoping to luck out in time before the theft. Ah well

I wonder how many millionaires were created in the last couple of days with this stock? :D
Click to expand...
It is very interesting to watch.
 
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