All things STOCKS

[Big Gucci Sosa]

Yep still in it, just a bad day we will overcome.

Not worried at all. Been in since 170s

 

[BigOrangeMojo]

I would like some advice by the educated investors in here. I was loving the advice in here and doing really well until about June 22nd. I purchased a considerable amount of two stocks: OCGN and NOVN, both penny stocks. I have lost about 30% of my portfolio since and dont know what to do. Any help would be great?

I do have FOMO since I sold before any profits in XOM, SHLL and NIO!

Here's a football analogy that explains some of the issues I sometimes see on this board

Jeremy Pruitt has a "build along the lines, grind them down approach to offense". That's his DNA. Let's say he recruits that way. By game 2, he sees a run and shoot and decides to change to that. By game 4, he wants to run the spread. By game 6, he wants to run the wishbone, by game 8 he wants to run the Air Raid, and by game 10, he wants to run the I. How do you think the team will play?

From what I've seen on this board, people need to determine their investing approach and stick with it. I've seen more than one person say "I got out of Disney since it wasn't moving fast enough so I could invest in IDEX." A month later "I missed the run in IDEX and I'm down 20% so I want to to invest in Disney since they've gone up the last month."

 

[BigOrangeMojo]

Here's other fallacies I've seen.

1. Do your research. Don't trust some guy on Twitter.

2. Be skeptical. Ask "Most reputable companies do not put out daily PR to juice the stock price. Why is this company doing that?"

3. Don't fall in love with a stock and fail to pay attention to the obvious. Here's a football example, I was in a thread yesterday and I brought up Pruitt's coaching job in the GSU game last year. Any reasonable observer would realize that wasn't his best moment but there were so many people defending his coaching in that game. Everyone got blamed for that lost except Pruitt.

 

[TheColdVolTruth]

Here's other fallacies I've seen.

1. Do your research. Don't trust some guy on Twitter.

2. Be skeptical. Ask "Most reputable companies do not put out daily PR to juice the stock price. Why is this company doing that?"

3. Don't fall in love with a stock and fail to pay attention to the obvious. Here's a football example, I was in a thread yesterday and I brought up Pruitt's coaching job in the GSU game last year. Any reasonable observer would realize that wasn't his best moment but there were so many people defending his coaching in that game. Everyone got blamed for that lost except Pruitt.

I can handle this thread when the Dow is down 1000 pts, but I may break down when people start bringing that Georgia State game in here.

 

[05_never_again]

Here's a football analogy that explains some of the issues I sometimes see on this board

Jeremy Pruitt has a "build along the lines, grind them down approach to offense". That's his DNA. Let's say he recruits that way. By game 2, he sees a run and shoot and decides to change to that. By game 4, he wants to run the spread. By game 6, he wants to run the wishbone, by game 8 he wants to run the Air Raid, and by game 10, he wants to run the I. How do you think the team will play?

From what I've seen on this board, people need to determine their investing approach and stick with it. I've seen more than one person say "I got out of Disney since it wasn't moving fast enough so I could invest in IDEX." A month later "I missed the run in IDEX and I'm down 20% so I want to to invest in Disney since they've gone up the last month."

I also hope that everyone in this thread who is trading, unless they are a professional trader, is doing this with "play money" funds separate from your core holdings, and your life would not change one iota if it went to zero tomorrow.

 

[BigOrangeMojo]

What y'all think of Five Below (FIVE)?

This saved my portfolio today. Gone from $53-$127 from the date of this original post.

 

[bignewt]

Not worried at all. Been in since 170s

Me too

 

[BigOrangeMojo]

Since there won't be a lot of seafood towers after today, here is an important question:

Did @VolAllen get the inspiration for his avatar photo from a Spice Girls video?

 

[VolAllen]

View attachment 304140

Since there won't be a lot of seafood towers after today, here is an important question:

Did @VolAllen get the inspiration for his avatar photo from a Spice Girls video?

Haha the only thing I’m holding that I’m down on is MFA, with a 2.75 average. Both SAVE and CCL are green for me. I’m +$2,400 today, so it’s definitely seafood tower worthy ha!

 

[VolAllen]

View attachment 304140

Since there won't be a lot of seafood towers after today, here is an important question:

Did @VolAllen get the inspiration for his avatar photo from a Spice Girls video?

Also, you see Ginger Spice in the F1 Netflix series? She’s married to the Redbull guy. She’s a babe. Honestly looks better now than she did back then.

 

[BigOrangeMojo]

Also, you see Ginger Spice in the F1 Netflix series? She’s married to the Redbull guy. She’s a babe. Honestly looks better now than she did back then.

I didn't see the series but I know she's the one that hooked up with Scary Spice...

 

[VolAllen]

I didn't see the series but I know she's the one that hooked up with Scary Spice...

No....

Do we have video evidence of this??

 

[Go aeiou]

Thank God for these crummy bonds I've been buying. Blank check companies, financials, travel, and a few others kept my loss at .3%.
Three international stock funds will likely add to that percentage tonight.

 

[Go aeiou]

They are ripping. Crazy to see when we are no closer to having US departures.

US departures might be a real problem for cruise companies. Many US passengers will not follow the protocols necessary to prevent an outbreak of the virus. Those passengers must be quarantined or kicked off the ship at the next port.

 

[VolAllen]

US departures might be a real problem for cruise companies. Many US passengers will not follow the protocols necessary to prevent an outbreak of the virus. Those passengers must be quarantined or kicked off the ship at the next port.

People are just going to have to learn that catching it is a possibility and they assume the risk if they’re going out in public. That’s really all there is to it moving forward. It’s really not that scary.

 

[Go aeiou]

People are just going to have to learn that catching it is a possibility and they assume the risk if they’re going out in public. That’s really all there is to it moving forward. It’s really not that scary.

Most of the passengers on cruise ships are retirement age. Most people spend most of their time indoors. Restaurants, bars, theaters.
Non covid viruses have spread quickly on cruise ships. Norovirus is even referred to as the cruise ship disease.
If a cruise company has outbreaks it will ruin their reputation, and possibly put them out of business for a while.

 

[Carp]

Here's a football analogy that explains some of the issues I sometimes see on this board

Jeremy Pruitt has a "build along the lines, grind them down approach to offense". That's his DNA. Let's say he recruits that way. By game 2, he sees a run and shoot and decides to change to that. By game 4, he wants to run the spread. By game 6, he wants to run the wishbone, by game 8 he wants to run the Air Raid, and by game 10, he wants to run the I. How do you think the team will play?

From what I've seen on this board, people need to determine their investing approach and stick with it. I've seen more than one person say "I got out of Disney since it wasn't moving fast enough so I could invest in IDEX." A month later "I missed the run in IDEX and I'm down 20% so I want to to invest in Disney since they've gone up the last month."

*Raises hand*

At least I purchased IDEX before trading out of Disney. I don't recall what I traded out of Disney for, but I feel like it was some other penny stock that I either took an L on, or took less than 10% gains. I was also in PINS around the $19 mark and sold for only like a 15% profit. And I also traded out of $GRPN for a pretty significant loss and watched it shoot over $30 after ER.

My initial purchases when I started (GRPN, DIS, PINS)were all good. Had I stuck to that plan, I'd be up at least $800 right now instead of down $1k. That's an $1800 swing all because I tried to get rich quick. I'm doing better now though. NCMI and PINS got me back on track. I'll be playing those awhile. UBER is another that is pretty easy and safe to play. PLAY will be another I want to be in long term, just looking for a pull back from this breakout.

 

[Carp]

I also hope that everyone in this thread who is trading, unless they are a professional trader, is doing this with "play money" funds separate from your core holdings, and your life would not change one iota if it went to zero tomorrow.

I most certainly am doing that. Life wouldn't change a bit if everything dropped to zero tomorrow. Well I would have more free time I guess

 

[Thunder Good-Oil]

I haven’t checked the prices lately but I’m thinking that I might take a risk with dental stocks for a COVID-19 rebound. The travel industry still concerns me. Dental seems very safe and they should have a revenue wave after the all-clear on the virus is in place. There is a lot of pent up demand. Personally I’m a couple of months past my 6-month visit.

Four that I have on watchlists are the two invisible teeth straightening companies that are braces alternatives, Henry Schein, and Dentsply (XRAY iirc). Anybody know other names in dentistry?

 

[GoDucks349]

I would like some advice by the educated investors in here. I was loving the advice in here and doing really well until about June 22nd. I purchased a considerable amount of two stocks: OCGN and NOVN, both penny stocks. I have lost about 30% of my portfolio since and dont know what to do. Any help would be great?

I do have FOMO since I sold before any profits in XOM, SHLL and NIO!

Sounds like you might need a little help with "portfolio risk management". I'm not the typical investor on this board, I'm a value contrarian long only style investor. My annualized net returns for my portfolio typically are in the 12% range. I typically make less than 10 trades a year. I suspect for some on this board make more than that in a few days.

I'm retired from a small cap value (US equities only) institutional investment firm that was typically ranked in the top 5 in the US. The firm I worked for managed money for the Univ of Tennessee, that's how I got interested in Volnation.

If you are trading heavily enough in penny stocks that you can lose 30% of your portfolio, in my opinion you are over weighted in penny stocks by a large amount.

This board seems to be mostly focused on short term investing and day trading. I'm not a believer in day trading as a long term portfolio management strategy. In my opinion it's basically gambling.

One of my portfolio risk management guidelines includes limiting any one holding to no more than 5% of my portfolio. This will help avoid having a 30% portfolio loss.

 

[Thunder Good-Oil]

This board seems to be mostly focused on short term investing and day trading. I'm not a believer in day trading as a long term portfolio management strategy. In my opinion it's basically gambling.

Actually the “board” is VolNation, the “forum” is The Pub, and the topic is the “thread” (I’ve always hated that term “thread”).

Lately the “posts” have been dominated with short term, day trading, and penny stocks. It wasn’t nearly this much activity in here on those topics before the COVID Crash. I’ve thought about starting another thread to get back to more comprehensive investment and wealth management topics. Actually I think that I suggested that day trading/ST/Penny Stocks split off into a thread dedicated to that area. But at least the get rich quick topics generate activity. The old school investment discussions get kind of sleepy with little interest. The Stock Market Was Up Today thread in the Politics Forum is usually more about economics, monetary policy, Trump, etc but there’s been a little more individual securities being touched on over there lately. Both of the threads combined still don’t take much time to follow, so it’s all good. I do like this board because even though it’s mostly anonymous, the posters tend to become individuals if that makes sense. It’s not posts coming from robots pumping up names like I suppose you’d see on other financial message boards.

 

[Go aeiou]

Sounds like you might need a little help with "portfolio risk management". I'm not the typical investor on this board, I'm a value contrarian long only style investor. My annualized net returns for my portfolio typically are in the 12% range. I typically make less than 10 trades a year. I suspect for some on this board make more than that in a few days.

I'm retired from a small cap value (US equities only) institutional investment firm that was typically ranked in the top 5 in the US. The firm I worked for managed money for the Univ of Tennessee, that's how I got interested in Volnation.

If you are trading heavily enough in penny stocks that you can lose 30% of your portfolio, in my opinion you are over weighted in penny stocks by a large amount.

This board seems to be mostly focused on short term investing and day trading. I'm not a believer in day trading as a long term portfolio management strategy. In my opinion it's basically gambling.

One of my portfolio risk management guidelines includes limiting any one holding to no more than 5% of my portfolio. This will help avoid having a 30% portfolio loss.

Well put.
I also set 5% + - as my limit for any one investment.
Once you have assets you need to protect them/risk management. You also want to see your portfolio grow, but you still try to invest based on sound reasoning.
Yep, most of what I see here is basically gambling. Not sure there is much learning how to invest here.
Covid has presented an opportunity to invest in stocks that might rebound. I appreciate the finds that I had not thought of. I.e. ncmi.

 

[Carp]

Well put.
I also set 5% + - as my limit for any one investment.
Once you have assets you need to protect them/risk management. You also want to see your portfolio grow, but you still try to invest based on sound reasoning.
Yep, most of what I see here is basically gambling. Not sure there is much learning how to invest here.
Covid has presented an opportunity to invest in stocks that might rebound. I appreciate the finds that I had not thought of. I.e. ncmi.

$NCMI beasting today. Good chance it fills the gap up to 4.50 if it can break $4

 

[Carp]

Next week looks like it will be loading time for SAVE. UBER maybe mid to late next week. Trying to avoid the noise and stick to my plan and get my account back up.

 

[bignewt]

im gonna log off