All things STOCKS

[mr.checkerboards]

I know what I'm doing tomorrow.

 

[Garren04]

Hope you guys don’t mind answering a few questions... so for you stock people what apps would you recommend starting on and maybe give me a few sticks you would recommend either short term or long term

 

[Orange_Vol1321]

Careful with SLV.

 

[Tri-CitiesVol]

Hope you guys don’t mind answering a few questions... so for you stock people what apps would you recommend starting on and maybe give me a few sticks you would recommend either short term or long term

I think things are about to get really ****** in the market. Webull or E*TRADE for the apps. I recommend paper trading for at least a few weeks to see what shakes out with these short squeezes. Tons of new investors are being introduced right now because of all the media coverage and many will lose their ass. I’m down considerably over the last week and swing plays don’t seem like a realistic method until this gets figured out.

If you insist on putting money into the market, safest thing would be ETFs. I personally am a fan of ARK ETFs or the ETF, SPCX. SPCX is a combination of pre-LOI SPACS, with the largest holding being CCIV who is rumored to merge with Lucid Motors. Could be a nice payout one day.

 

[Thunder Good-Oil]

Hope you guys don’t mind answering a few questions... so for you stock people what apps would you recommend starting on and maybe give me a few sticks you would recommend either short term or long term

Study Investopedia dot com and read articles linked to yahoo finance dot com.

 

[Thunder Good-Oil]

I know what I'm doing tomorrow.

I have my SELL order entered at $57. Maybe I should raise it north of $75.

 

[lawgator1]

I know what I'm doing tomorrow.

I've been in and out of SLV for a couple years, selling after a few percent rise, usually in a week, then buying the dips. Currently not in it, though I have some bullion I've hung onto.

The big online bullion houses have shut down sales for the moment. Not selling physical silver until at least 6 pm tonight when the market opens.

Probably won't be as wild a ride as some have predicted since everyone knows manipulation is afoot this time. Still, one would expect a surge early on into tomorrow. At least that's the common wisdom.

 

[Velo Vol]

SPCX is a combination of pre-LOI SPACS, with the largest holding being CCIV who is rumored to merge with Lucid Motors. Could be a nice payout one day.

This is only a month old.

 

[Firebirdparts]

I know what I'm doing tomorrow.

Outta the way, you couch cushions. I've probably got 3 or 4 ounces around here in junk drawers.

 

[Go aeiou]

I have about 1600 one ounce silver bars I bought around 2000. I've been giving them to kids on their birthday and other times.
Might have to ship them to OK City soon.
OTOH, what does an ETF have to do with a significant rise in the spot price of silver? Hunt brothers redo

 

[TheColdVolTruth]

If we knew that answer, we'd all be much richer....

 

[Carp]

$NCMI is doing very well piggy backing off this $AMC pump. Hoping it holds this level.

 

[bignewt]

holy crap the pre market is boiling...strap in boys.

 

[Thunder Good-Oil]

SLV quickly went up 19% and just as quickly gave about half of it back. I don’t know if the Reddits can push it much above the $29.73 in the pre-open.

$24.99 close
$29.73 pre-open high
$27.40 9:15am

27.5 million of 600 million shares traded

0.197 Put/Call ratio (very bullish sentiment)

 

[Thunder Good-Oil]

50 million shares and Think or Swim locks up.

 

[DocVOLiday]

50 million shares and Think or Swim locks up.

was just coming in here to complain about TOS...

EDIT: seems ok now

 

[Thunder Good-Oil]

70 million shares
$27.8

 

[Thunder Good-Oil]

75 million
Almost $28

 

[Thunder Good-Oil]

80 million
Hasn’t broken through $28 yet

90 million
$27.6

100 million
$27.4

 

[lawgator1]

Seems like the difference is that everyone's onto it and willing to day trade the ETF, buy the dip, sell the upswing, buy the dip .... Not nearly the same sustained momentum as GME.

Physical silver is tough to find on the major internet retailers for less than $36 an ounce. And American silver is $40. At least.

 

[Thunder Good-Oil]

80 million
Hasn’t broken through $28 yet

90 million
$27.6

100 million
$27.4

185 million
$26.80

 

[Firebirdparts]

RKT options have doubled or tripled in price. Happy day for me. I sold puts and calls both, covered either way. For those of you thinking about swing trading it, it's been having a negative beta for a few weeks. however, there must have been some expectation last week that something "was up" for it to move around as much as it did.

Last week was a bit of a bloodbath for my 401k. I'm getting spoiled compared to the good old y2k decade, when I lost half my net worth twice.

 

[Tri-CitiesVol]

HCMC may be my biggest win ever depending on the lawsuit with Philip Morris.

Evidently the Reddit nerds are trying to push it to $1 as well.

 

[Thunder Good-Oil]

SLV
ISHARES SILVER TRUST ETF

$24.99
Friday 1/29/2021 close

$29.73 after hours/pre-open high

$27.40 9:15am pre-open Monday 2/1/2021
27.5 million of 600 million shares traded

70 million shares
$27.8

75 million
Almost $28

80 million
Hasn’t broken through $28 yet

90 million
$27.6

100 million
$27.4

185 million
$26.80

261 million
$27

275 million at 4pm
$26.76 (+7.08%)

$27.98 Intraday high; highest level since 2013

 

[lawgator1]

80 million
Hasn’t broken through $28 yet

90 million
$27.6

100 million
$27.4

185 million
$26.80

261 million
$27

Just a giant churn. All the retail folks are hearing about this and buying, and the day traders are selling on 2 cent moves. Then when it falls 5 cents, they are buying right back in.

I guess people are making money, but this would appear to simply be an algorithm orgy.