usctrojancpa
Well-known member
aquabliss said:
You could keep selling weekly out of the money puts at the price that you are willing to buy is a good strategy...I'm doing that with a handful of stocks now.
You could keep selling weekly out of the money puts at the price that you are willing to buy is a good strategy...I'm doing that with a handful of stocks now.
momopi
Well-known member
Long term prospect for mall retail is not great, though I do own JWN. I think KSS has better chance being mostly located away from shopping malls. I was able to buy JWN and KSS down following the dip and is currently at +60% or so. I will hold until vaccine rollout which will probably give retail another bump.
For MRNA I bought from $75-$55. I think if it dips under $130 I will get some more, I expect the stock to bump after FDA approval and looking to exit from $180-$200. Also looking to pick up more INO if it dips under $12.
If NIO and PLTR dips by half from recent peak I will buy some too. Say $17 for PLTR and $30 for NIO.
For REIT I bought some KBWD and KBWY on dip couple months back. Will hold them for now.
My largest purchases went to oil/gas/energy sector and I'm hoping they'd get a bump after vaccine rollout next year.
For MRNA I bought from $75-$55. I think if it dips under $130 I will get some more, I expect the stock to bump after FDA approval and looking to exit from $180-$200. Also looking to pick up more INO if it dips under $12.
If NIO and PLTR dips by half from recent peak I will buy some too. Say $17 for PLTR and $30 for NIO.
For REIT I bought some KBWD and KBWY on dip couple months back. Will hold them for now.
My largest purchases went to oil/gas/energy sector and I'm hoping they'd get a bump after vaccine rollout next year.
momopi
Well-known member
Biden is looking to restore the $7500 tax credit for Tesla, which may boost Tesla sales and stock prices further.
I bought some lithium-cobalt-nickel (used for EV) mining penny stocks this week. $200 each, watch out for foreign transaction fees. These are all penny stocks for a reason, they are still drilling samples. If they hit a rich deposit the stock might jackpot. If not then it's throw away. Expect roller coaster rides.
Cruise Cobalt is also working on Cobalt sulfate refinery in Ontario, competing with First Cobalt Corp in Toronto. Long term industry trend is to move toward cobalt free lithium ion batteries, but in short to intermediate term demand is likely to outpace supply. (Cobalt is expensive)
SNNAF
SPMTF
BKTPF
FTSSF
WSCRF
ARRRF
I bought some lithium-cobalt-nickel (used for EV) mining penny stocks this week. $200 each, watch out for foreign transaction fees. These are all penny stocks for a reason, they are still drilling samples. If they hit a rich deposit the stock might jackpot. If not then it's throw away. Expect roller coaster rides.
Cruise Cobalt is also working on Cobalt sulfate refinery in Ontario, competing with First Cobalt Corp in Toronto. Long term industry trend is to move toward cobalt free lithium ion batteries, but in short to intermediate term demand is likely to outpace supply. (Cobalt is expensive)
SNNAF
SPMTF
BKTPF
FTSSF
WSCRF
ARRRF
DBtoOC
Member
Can someone please explain the madness surrounding GME speculation? I'm not sure what subReddit has done here, but they just manipulated the market big time over the past few days.
Now, billionaire investors are getting skin in the game and benefiting from this ridiculousness! SMH.
Now, billionaire investors are getting skin in the game and benefiting from this ridiculousness! SMH.
>
Cornflakes
Active member
I have a feeling that those billionaires will have a team of sophisticated traders and they will just take the cream off the top and retail traders will be holding the bag when the dust settles.
zubs
Well-known member
I like this explanation from reddit.
Let's say 5 banana's currently cost 10 dollar
Right now GME is almost $200.
Buy a share and join in the fun!
Let's say 5 banana's currently cost 10 dollar
- One ape on the market has 5 banana's
- Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference.
- Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed
- If group of apes stay strong then banana price will go up.
- There is a multi-billion dollar hedge fund (snake) that has shorted Gamestop (they've bet that the stock price will go down). People on wallstreet bets (apes) noticed this and told everyone that if they buy Gamestop stock this hedgefund will lose billions of dollars. This is starting to come true.
https://i.redd.it/hl971tz0ejd61.jpg
If it continues the investors hope that the GME stock price will skyrocket and they will be able to sell for lots of profit.
Right now GME is almost $200.
Buy a share and join in the fun!
irvinelurker
New member
morekaos said:
Blue horseshoe loves gamestop ;D
morekaos
Well-known member
There is nothing wrong with short selling...like playing the Don't Come line. Just need to always marry it with a call just in case. These are big boys going against the mob. Would not want to bump heads with Blackrock in this little standoff. Robin Hood will lose big in the end. Well as the old saying will prove true again...A fool and his money....