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Spork3245

Spork3245

Posted
Posted
Just now, Jason said:

Buy OCGN AH or wait until market hours Monday? 

 

I SAID TO BUY THIS LIKE 4 DAYS AGO 

 :p 

Wait for a dip, it's gonna be crazy in AH then have idiots sell off in the early hours on Monday. BUT even if you buy SOME now and wait until Monday for the rest, this is going to hit at least $25 in March, unless something horrible happens

*My dog typed this, it's not financial advice. I don't delete the messages she types because I'm just so damned impressed by her ability to even do it!

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Chollowa

Chollowa

Posted
Posted
3 minutes ago, Spork3245 said:

 

I SAID TO BUY THIS LIKE 4 DAYS AGO 

 :p 

Wait for a dip, it's gonna be crazy in AH then have idiots sell off in the early hours on Monday. BUT even if you buy SOME now and wait until Monday for the rest, this is going to hit at least $25 in March, unless something horrible happens

*My dog typed this, it's not financial advice. I don't delete the messages she types because I'm just so damned impressed by her ability to even do it!

It's currently going insane in AH trading. Up past $7.00. I only bought like 60 shares, but if it hits 10, let alone 25, I'll be more than happy. 


All praise to your dog, who is one hell of a typist. 

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Massdriver

Massdriver

Posted
Posted

This reminds me when my father was telling me about PLUG in early 2020. I did a little research and concluded I didn't understand enough about the company to invest in it. I had $10k to invest as low $10 at the time. PLUG is now worth  60+ a share. :P

 

OCGN I did my research and I thought it was too speculative and there was insufficient evidence that it was going to work out. Well here we are with it in the 7s after hours when i twas $2.60 last I looked!

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Spork3245

Spork3245

Posted
Posted
7 minutes ago, Massdriver said:

This reminds me when my father was telling me about PLUG in early 2020. I did a little research and concluded I didn't understand enough about the company to invest in it. I had $10k to invest as low $10 at the time. PLUG is now worth  60+ a share. :P

 

OCGN I did my research and I thought it was too speculative and there was insufficient evidence that it was going to work out. Well here we are with it in the 7s after hours when i twas $2.60 last I looked!


I don’t think it’s too late for OCGN. Just remember, this is basically gambling (to a point). It’s all speculation, and very little of it makes sense. Only bet/invest what you’re absolutely willing to lose.

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Massdriver

Massdriver

Posted
Posted
Just now, Spork3245 said:


I don’t think it’s too late for OCGN. Just remember, this is basically gambling (to a point). It’s all speculation, and very little of it makes sense. Only bet/invest what you’re absolutely willing to lose.

Of course. I'm well aware of what this is. This is casino money. It's just for fun and maybe to win a bit.

 

I think I'm going to see if there's a pull back on OCGN next week.

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Joe

Joe

Posted
Posted
27 minutes ago, Spork3245 said:

 

 

photo.jpg

Brazil aims to buy 30 million Sputnik V, Covaxin shots - Times of India

TIMESOFINDIA.INDIATIMES.COM
Rest of World News: The Brazilian government announced Wednesday it was negotiating the purchase of 30 million coronavirus vaccine doses from Russia and India, after regu

 

 

The deal they made with Bharat is only for the US doses, I believe. They won't take a profit off of doses sold to Brazil.

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Spork3245

Spork3245

Posted
Posted
9 minutes ago, Joe said:

 

The deal they made with Bharat is only for the US doses, I believe. They won't take a profit off of doses sold to Brazil.


Hmm, I thought it was North and South America? Regardless;

biorxiv_logo_homepage7-5-small.png

Neutralization of UK-variant VUI-202012/01 with COVAXIN vaccinated human serum

WWW.BIORXIV.ORG
bioRxiv - the preprint server for biology, operated by Cold Spring Harbor Laboratory, a research and educational institution

That’s potentially huge... almost as huge as the value of my shares :mdancing:

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Massdriver

Massdriver

Posted
Posted
31 minutes ago, Joe said:

I don't trust it, but I hope it goes to the moon for you, boys!

Same here. I hope you guys get 10x++++ return on your purchases. I'll take a look at the landscape next week.

 

I'm wondering when this overall party is going to end. A lot of stocks with no earnings or operational cash flow are going to the moon. We have a ways to go before we hit dot come type territory, so there may be a lot more money to make on momentum trading.

 

Edited

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Spork3245

Spork3245

Posted
Posted
50 minutes ago, Joe said:

I don't trust it, but I hope it goes to the moon for you, boys!


It’s about as trustworthy as Novavax was at this point :p 

 

19 minutes ago, Massdriver said:

Same here. I hope you guys get 10x++++ return on your purchases. I'll take a look at the landscape next week.

 

I'm wondering when this overall party is going to end. A lot of stocks with no earnings or operational cash flow are going to the moon. We have a ways to go before we hit dot come type territory, so there may be a lot more money to make on momentum trading.

 

Edited


The boom is going to keep up until the next stimulus wears off. There was a slump tail-end of July through August that rebounded with that Trump $1500, then slowed down again until the $600.

 

The trick with “untrustworthy” stocks of this particular nature is to buy enough where you can sell off 1/3rd to get your initial purchase back when it triples. Then you let the house money ride :p. Also, always set a stop-loss.

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Joe

Joe

Posted
Posted
28 minutes ago, Spork3245 said:


It’s about as trustworthy as Novavax was at this point :p 

 


The boom is going to keep up until the next stimulus wears off. There was a slump tail-end of July through August that rebounded with that Trump $1500, then slowed down again until the $600.

 

The trick with “untrustworthy” stocks of this particular nature is to buy enough where you can sell off 1/3rd to get your initial purchase back when it triples. Then you let the house money ride :p. Also, always set a stop-loss.

 

Novavax is a totally different animal. If this was Ocugen's vaccine, they had a US trial that was starting a little later, and they had other vaccines down the pipeline that depended on this tech working, I'd be all in!

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Spork3245

Spork3245

Posted
Posted
14 minutes ago, Joe said:

 

Novavax is a totally different animal. If this was Ocugen's vaccine, they had a US trial that was starting a little later, and they had other vaccines down the pipeline that depended on this tech working, I'd be all in!


Sure, and we’re talking about maybe 1/10th the overall company value here. :p 

I could certainly be mistaken, but this is also the only vaccine to use an indigenous inactivated whole-virion. Does that make it better? No idea. Is it being reported to be effective against, at a minimum, the UK variant, in addition to base (?) COVID? Yes. Is it going to get me a 10x return? COULD BE.

 

This also funds their research on cures and vaccines for diseases that cause blindness.

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Joe

Joe

Posted
Posted
12 minutes ago, ManUtdRedDevils said:

KMPH is worth a look. It will probably run up until 3/2 when it will find out if the FDA approves their ADHD medicine. If FDA approves, it will pop further. If it doesn’t, it will sink 50% or more. 

 

My NVAX friend LOVES it and is heavily invested in it. Haven't read much into the company other than about the ADHD medicine.

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Spork3245

Spork3245

Posted
Posted

Broskis and D1Psters, not my image, but always remember to look LEFT.

Do not buy OCGN in premarket, get the dip on Monday: load up during the crash before the fun begins 

B80-A629-A-3073-4-F26-8-AF9-185-ED005089
 

*Not financial advice: I seriously don’t know how my dog keeps posting this stuff, but I’m just gonna let her do her thing, I guess!

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Spork3245

Spork3245

Posted
Posted
38 minutes ago, ManUtdRedDevils said:

A general rule of thumb is to not buy or sell in the first hour of the market’s open. Let day traders get their orders in and see what’s dipping and what’s ripping. 


Yup! I just really don’t want anyone buying in at the current price, it’s soooo inflated. I’m probably going to set a sell limit of 9.50-10 on like 25 of my shares then rebuy 40-50 when it drops into the 5s or low-6s. :p 

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  • GeneticBlueprint changed the title to ~* The official thread of stonks, tendies, and safe and sound financial advice *~
Spork3245

Spork3245

Posted
Posted

Alright, my fellow stonkers and tendie dippers. I'm not an expert, I have no f'n clue what I'm doing, so many things still don't make any god damned sense, BUT, I want to share what I've learned in my just barely over a week of obsessing over learning how to gamble "play the stock market".

 

  1. Don't listen to anyone but yourself. No. Seriously. You probably should just stop reading here. If something doesn't seem "right" to you with an investment, DON'T F'N DO IT. Do not put your money into something just because you see others doing it.
  2. Going off #1 - DO YOUR GOD DAMNED OWN DD (due diligence)!!!! I cannot stress this enough. RESEARCH whatever company you're about to invest even a penny into. Know what they do, what their future potentially looks like, what their past is, and look at their financials, etc. Also, learn trends, learn how to read charts, etc.
  3. DO NOT CHASE. What is "chase", you ask? It's the mistake I made with AMC. It's basically FOMO in that there's a stock you see going up, and instead of waiting for it to settle or for a dip, you jump in while it's high. You will lose money doing this, even if you get lucky a couple times.
  4. Look to the left. Huh? What? LOOK TO THE LEFT ON THE CHART, DRAG IT OVER AND CHECK THE PAST DAY, THE PAST WEEK, THE PAST 5 YEARS, YOU FOOL.
  5. Continuing from 4... Look for trends. What trends? Look at my post with the image of a stock chart from about 8 posts up. See the highlighted/circled areas? Notice how it's similar? It's showing a consistent drop of approximately 20% shortly after spikes, followed by a smaller spike and a second drop. That means, on the next spike, expect another drop of a similar range. Is this guaranteed? No, of course not, don't be an ass.
  6. What trends should I look for? Go back and look at #2... c'mon, fam, it was literally the second one.. DO YOUR OWN DD. Bull Charts, Wedges, Coils, etc. Knowing how to see these is very important and will help you to buy in low and also know when to sell.
  7. Your emotions are stupid. Don't freak out over a small down, it's going to happen, you will not always make money. The idea is to gain more than you lose. If you buy on what you thought was the end of the dip and it drops another 2-5%, should you freak out? No. Why? You bought it because you thought it was going to go above where you bought it for - just because it dropped lower than you thought it would, doesn't mean it won't go up to where you thought it was going to go. This leads to...
  8. LIMIT YOUR GOD DAMNED LOSSES. Stop-loss is SO important. If something seems "risky" but you choose to invest anyway, or if you simply just made a bad call and bought before a dip, set a stop loss or a sell-limit. What are those? You set a price for the stock to drop to, if it drops to/below that (pending which method you used), your stocks will automatically be sold to stop you from losing more money. If I get concerned with a stock tanking, I set it to sell about half of my shares at a 7-10% loss (pending the value of the stock or how much I put into it), and to sell all at 12-15%. Remember, even if it's a stock you know will eventually burst at the seams, you can always buy back in if it continues to dip, and wind up with more shares overall. Those percentages aren't definitive, obviously there's a big difference to losing $15 of a $100 investment vs losing $750 on a $5,000 investment.
  9. This goes on other things I touched on, but... FOMO IS REAL, IGNORE IT. So, you missed a huge potential earner? Should you buy in high and hope it still climbs? No, unless you're very sure it's going to keep climbing enough to warrant the increased risk and exposure you're putting yourself in. This goes back to "do not chase". There will be others in the future. 100%. Save your cash for them.
  10. AVERAGE DOWN. You bought in higher than you meant to, or the stock simply temporarily dropped lower than your buy-in? You think the stock is going to pop back up long-term and it's not down so much that you should consider a stop-loss? Buy more while it's low, and your average buy-in lowers. ie: you bought 20 shares at $10, 20 more at $5, your average is now down to $7.50/share instead of $10/share. (I do not recommend this on the numbers I just gave, as that's a 50% loss you ate and you should've bailed before it hit $8.50, and then re-purchased low if you really still wanted the stock, you jackanape! I'm just using easy numbers for the sake of explanation here!)
  11. It's okay to average up. Your stock is doing well, in fact, it has f'n exploded. You bought in at $4, the stock seems to be stable at $12 and is currently spiked to $15 before it consolidates back down at $12-13. Sell a chunk (not all, unless you're okay with risking that it doesn't actually go back down!) at the $15, re-buy what you sold when the dip hits $11-12 before it settles to $12-13. Your average buy-in is still well below the current market value, and you made some money.
  12. You don't need to go all-in immediately. Hey, I get it, you have $2k you'd rather throw away on some invisible nonsense instead of blowing it on your usual cocaine & hookers. We've all been there! The stock is currently $10/share, the trend is confusing... do you put all $2k in for 200 shares? Sure, you could, OR, you could buy 100 shares for $1k and hold the remaining $1k to see if it dips to buy more. You could also limit yourself to those 100 shares at first to see how it does before committing that second G. There are pros and cons to this strategy. The pros being that you're being more cautious and potentially saving yourself heartache, or even gaining more shares than you initially thought you could get while simultaneously averaging down. The cons are that the price never dips, that $10/share was the best price that's ever available to you, and now you don't have as many shares as you could have possible gotten... but you're still up, so stop being a greedy fat cat.
  13. EVERYTHING IS A RISK AND SCARY AS HELL. There is zero guarantee that this is going to work out for you positively. Do not put in what you can't lose. The amount of people I see crying that they dumped their life savings into GME/AMC/Whatever and they don't know what to do now is mind-blowing. If you need it and cannot part with it, do not gamble invest it. This is also why #8 is SO important.
  14. Know your limit. Touched on this in the previous, but figure out what you're absolutely willing to 100% lose. $3000? You sure you don't want that 77" OLED instead? Okay... Yea, sure, you could double it, triple it,  even octuple it... but assume you're a complete dumbass and that you're going to lose it all.
  15. Play with house money whenever possible. So, you bought 400 shares of OCGN for $2.50/share. It just hit $10. Maybe you should sell 100 of those shares to get your initial investment back and let the rest ride instead of being a greedy POS? HMMM??? Maybe. 
  16. Join somewhere with experienced investors: watch & learn. Don't try to invest into what these guys are investing in, absolutely not, at *first*. If you try right off the bat, you're going to break #3 and get burned. Learn what they're doing - create a list of stocks they seem to be into, try to learn to see what they saw or are currently seeing. Once you start to feel comfortable in recognizing some basic patterns, that's when you try your luck.
  17. Don't have paper hands, but don't be a bag holder either. Don't buy a $5 stock and then instantly sell it because it dropped 0.10. Don't hold onto a stock that you lost 20% on that's still dropping. That being said, if you screwed up, and you absolutely will because you're going to do stupid things, and your loss is at, say 50% on something like AMC because you didn't know about or understand #8, it's okay to hold if you feel like it's something that could recover long-term (for example: pre-pandemic AMC was usually in the $15-20 range, meaning there's a good chance your losses could wind up being at a more acceptable level, or even be a wash if you wait)
  18. PATIENCE, YOU ADHD RIDDLED JERK. Wait for dips, hold for spikes, think about longer-term investments. This is all about making money, D'UH, but that doesn't mean it's going to happen in a day, a week, or even a month. Stocks that you can grab in the am for $3 that spike to $12 for an hour that you short and make bank on are fan-freaking-tastic, but they are risky as hell and don't happen too often. Hit those when possible, but focus on the long-games whenever possible.
  19. Losses are a tax write-off. Yup, for some reason you can deduct losses from stock, up to $3k/year iirc. That AMC stock still didn't recover and it's mid-December? Maybe just eat the loss and take the tax deduction. #'Merica
  20. This counts as income, you owe Uncle Sam money. Don't go blowing all $10 you made on that short you just did - it counts as income and you owe for taxes. Put money aside, or the IRS will hunt you down, super glue your genitals to an unsanded wooden board, and eat all your tendies while you watch, helpless.
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Brian

Brian

Posted
Posted

I highly suggest two portfolios. The first portfolio is a buy and hold. This will be your AMDs, NFLXs, and MSFTs. The companies you believe in and want to hold forever. The second portfolio is your day trading. This will be your OTCs, Options, and swing trades.  Use your second portfolio to experiment, learn, succeed, and fail. 

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CitizenVectron

CitizenVectron

Posted
Posted
23 minutes ago, ManUtdRedDevils said:

I highly suggest two portfolios. The first portfolio is a buy and hold. This will be your AMDs, NFLXs, and MSFTs. The companies you believe in and want to hold forever. The second portfolio is your day trading. This will be your OTCs, Options, and swing trades.  Use your second portfolio to experiment, learn, succeed, and fail. 

 

I would go so far as to suggest that your first portfolio just be index funds to hold until retirement (well, slowly phase into bonds as you get closer to retirement).

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