Discussion ***Official*** 2021 Stock Market Thread

[PlanetJosh]

I'm up about $7k in trading for the last 10 months due to being lucky in buying AMD when it was $40 months ago and a big rise in SOLO weeks ago. And that's even though I've lost $8.4k in BB in the last week.

I have $25k ready to buy, which I can afford lose, but can't take the chance on AMC, BB and SLV. So I'll look around the forum for something else. Well maybe SLV, it's down to $24 and could be good dip buy.. j/k no way.

 

[PlanetJosh]

Now - make sure you watch them pretty closely. If CRSR starts to fall into the $32 range you might have to decide whether to buy them back. IF that happens I would turn around and replace them with puts in the high 20's. Maybe 27-28.

CRSR had a 2 point rise in mid day today. Of course I missed the chance to get in, I didn't even research the stock until a few minutes ago. Want to buy $25k worth of something for a day trade or let it ride overnight. Not sure CRSR is going to have a 3rd uptick today.

 

[FelixDeCat]

Damn SAVA got away from me. Sold at $20ish. One week later intraday high (today) was $44. Currently $37.

Could hit $50+ but this stock has a history of large pullbacks following big runs, which is typical for science stocks.

Just going to drown my sorrows for now in Chai latte.

Blew through $53, up 139%. YouTube says $300.

Unreal. I say $50 max. Drug not even in Phase 3 yet.

 

[dasherHampton]

CRSR had a 2 point rise in mid day today. Of course I missed the chance to get in, I didn't even research the stock until a few minutes ago. Want to buy $25k worth of something for a day trade or let it ride overnight. Not sure CRSR is going to have a 3rd uptick today.

I'm happy with the CRSR deal. I'm not even going to worry about stepping down. If you take the options into account my buy price is essentially $24 a share.

If it gets put to me it gets put to me.

 

[PlanetJosh]

^ I should try to study options I know, but for now it's just checking a stock every few minutes or even more frequently during normal trading hours. Atm just doing cash trades at market, max 3 day trades a week but mostly held over a day to a few weeks.

edit - but I don't ever sell the really long ones like my Alphabet and Apple I've had for over 10 years, and the bulk of my stocks which are in mutual funds: low risk Vanguard and Franklin.

 

[Scarpozzi]

Sold my last 30 shares of GME @275 was going to hold onto 5 just in case but I can't take the stress anymore. Just have to settle for only making $11k profit I guess.

I bought in and got out quick...even before the stonk had that musky smell to it.

 

[FelixDeCat]

Blew through $53, up 139%. YouTube says $300.

Unreal. I say $50 max. Drug not even in Phase 3 yet.

SAVA now $75 lol

Wrote 20x30 bear put spread, 25 contracts

 

[PlanetJosh]

^ yes watching SAVA too and I though maybe I should get in at $68, but no, it will go down. I went to wash my hands to get ready to make a meal, and it goes above $70. I missed it, have not bought yet.

 

[dasherHampton]

CRSR had a 2 point rise in mid day today. Of course I missed the chance to get in, I didn't even research the stock until a few minutes ago. Want to buy $25k worth of something for a day trade or let it ride overnight. Not sure CRSR is going to have a 3rd uptick today.

IMVT dropped $16 bucks a share to just under $25. You could buy 1000 shares, then turn around and sell 10 Feb 19 $25 calls for almost $3000.

I'M NOT SAYING DO IT. I don't anything about IMVT.

I'm just saying check it out to see how short term options trades can work.

 

[Torn Mind]

Drug stocks are always like this. The boom and bust of drugs going through testing is quite the gamble.

 

[Scarpozzi]

IMVT dropped $16 bucks a share to just under $25. You could buy 1000 shares, then turn around and sell 10 Feb 19 $25 calls for almost $3000.

I'M NOT SAYING DO IT. I don't anything about IMVT.

I'm just saying check it out to see how short term options trades can work.

This is probably what's up...

Immunovant is Now Oversold (IMVT)

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which m

www.nasdaq.com

 

[PlanetJosh]

I first better study the controversy about IMVT pausing their eye drug treatment program before getting in.

 

[Red Squirrel]

What does it mean when a stock is "over the counter"? I have a stock I want to sell but it won't let me. I contacted my broker's support and they said it's OTC and not illigible for electronic sale. So what does that mean and how do I sell it? The stock is Bacanora Minerals. Bought it a while back when Tesla announced the gigafactory. The stock has not moved at all, I'm not losing nor gaining so probably good idea to sell.

 

[FelixDeCat]

^ yes watching SAVA too and I though maybe I should get in at $68, but no, it will go down. I went to wash my hands to get ready to make a meal, and it goes above $70. I missed it, have not bought yet.

I've been trading SAVA since early 2020 (see last year's thread).

Made some nice money.

I actually had rethought 2000 shares on Friday and just day traded them. Sold at $19.75

If I had waited just 2 business days I would have made $144,000.

Instead I made $50, since I decided to sell and flip Tilray from $18 to 18.60. That stock is $21.

I'm trying not to get depressed over missing out on $140,000 in 2 days.

 

[ponyo]

I've been trading SAVA since early 2020 (see last year's thread).

Made some nice money.

I actually had rethought 2000 shares on Friday and just day traded them. Sold at $19.75

If I had waited just 2 business days I would have made $144,000.

Instead I made $50, since I decided to sell and flip Tilray from $18 to 18.60. That stock is $21.

I'm trying not to get depressed over missing out on $140,000 in 2 days.

Look at the bright side. There's 0% chance your toilet paper hands would been strong enough for you to see $140k gain. It's a miracle you held out until $19.75.

 

[echo4747]

APHA having a nice day ~ 14.20

 

[FelixDeCat]

Look at the bright side. There's 0% chance your toilet paper hands would been strong enough for you to see $140k gain. It's a miracle you held out until $19.75.

Dagnabbit I think youre right.

Can someone cheer me up?!

 

[ponyo]

Dagnabbit I think youre right.

Can someone cheer me up?!

I think I'm going need portion of your gain when you held to $19.70. Because I'm pretty sure the only reason you even held to $19.70 was because I teased you about always selling early and not holding out for bigger gains. So I think $19.70 was miracle in itself, and I deserve portion of that prior gain.

 

[dullard]

What does it mean when a stock is "over the counter"? I have a stock I want to sell but it won't let me. I contacted my broker's support and they said it's OTC and not illigible for electronic sale. So what does that mean and how do I sell it? The stock is Bacanora Minerals. Bought it a while back when Tesla announced the gigafactory. The stock has not moved at all, I'm not losing nor gaining so probably good idea to sell.

A lot of metal and mineral stocks are over the counter. They aren't on a centralized exchange. That means, your broker has to actually find a person to buy it (the way stocks used to trade) instead of pressing a button and a computer does the work. It also likely means your physical copies of the shares need to be snail-mailed to the new buyer. This takes time and you usually won't see your money for a week or so after selling.

 

[ponyo]

OTC means pink sheet. Some brokerages make you deal with human brokers to trade pink sheet names. I guess yours is one.

 

[PlanetJosh]

Ok got in on SAVA at $67.06 with 400 shares. In for $26,824. It's been teetering back and forth around my buy price. So I'll give it some more minutes.

Update: well not sure I have the fortitude to let it drop below $60. I'm always doing stuff like this in day trades, don't have the courage to sit out a dip and I wind up losing a few thousand $ when I panic sell. Still holding for now though.

2nd update: I may part with a $4000 loss, that's if it sinks to $57. Still hasn't quite got that low yet.

3rd update: Couldn't hold any longer and sold all 400 shares for a loss of $5760 at $52.66/share. But my over 10 year holding of Alphabet could easily make up for that and more if GOOGL goes up a lot in after hours today depending on the quarterly report analysis.

4th update: Ok in after hours Alphabet is up over 100 points, that makes up for my $5760 SAVA loss about twice over. And my Alphabet at the close today recouped about half the loss.

 

[dasherHampton]

Dagnabbit I think youre right.

Can someone cheer me up?!

BILI

4000 shares

$15 a share

 

[Red Squirrel]

A lot of metal and mineral stocks are over the counter. They aren't on a centralized exchange. That means, your broker has to actually find a person to buy it (the way stocks used to trade) instead of pressing a button and a computer does the work. It also likely means your physical copies of the shares need to be snail-mailed to the new buyer. This takes time and you usually won't see your money for a week or so after selling.

Does it mean I would have gotten something in the mail? Hope I didn't throw it out... I get lot of stuff in the mail for proxy voting and such and maybe I mistaken it for that. It's odd it let me buy it though, would have been nice to get a warning of sorts as I don't really want to get stuck like this again.

 

[dasherHampton]

I went ahead and did the IMVT thing. My instant has been rocking lately so what the hell.

To fit the new stuff in I bought back my FCEL puts that were due in March. Originally sold them for $1900 and bought them back for $600.

 

[dullard]

Does it mean I would have gotten something in the mail? Hope I didn't throw it out... I get lot of stuff in the mail for proxy voting and such and maybe I mistaken it for that. It's odd it let me buy it though, would have been nice to get a warning of sorts as I don't really want to get stuck like this again.

I don't know. I had a boss that would trade another mineral stock all the time. Every week or two there would be another letter in the mail with his stocks. Then every week or two those stocks were mailed back as he sold. You'd have to just ask your broker when you sell how this is handled.