All things STOCKS

#8,151
#8,151
Kingston Vol said:
Something that stuck out to me is that pot stocks plummeted when Democrats won the Senate. Seems counterintuitive, but there was a mild panic when all of a sudden there was no invisible wall set up to reign the industry in. They got what they wanted, and still sold.

I'm thinking something like that may happen re: COVID. Once we open back up, we'll get a huge boom for 6-12-18 months - and then I wonder if that's when the sell-off starts - when we look around and realize prices are still inflated and the underlying economy is still bad.
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Buy on the rumor, sell on the news. The pot stocks had already rallied in anticipation of Biden winning and rallied more after Biden won; even with this pullback they are still in excess of the levels they were at pre-election. Also, the issue with trading individual names as opposed to them as a group is that I have no clue which one is going to end up being the MySpace of pot and which one is going to be the Facebook of pot. Same thing with crypto. So you get profit-taking in some of the individual names.

I think that once the market gets visibility on further fiscal stimulus to come (and that might happen until a bill or bills is actually passed), you could have another sell on the news event like you describe. It is pricing in big stimulus of some kind, and of course a continued economic recovery, and we'll probably sell off once those things get borne out. If that happens, there will of course be a lot of confusion (especially from retail or people who don't really follow markets) as to why the market is declining and what is going on, and will probably be a good buying opportunity.
 
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#8,152
#8,152
Firebirdparts said:
I did not buy CRBP unfortunately. I just sold 10 puts on it, so hopefully they'll be left behind in a cloud of dust.
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Or not, right? Looks like I'm going to be a stockholder. In a sense I think it's a positive; I wanted a lower entry point, and it looks like I got it.

I am thinking about adding more GSAT. That's another one with earnings next week, though. I guess charts don't apply.
 
#8,158
#8,158
Got an email from work saying it was cause for termination to have a financial interest in weed companies. Not that I would’ve done that.
 
#8,161
#8,161
Velo Vol said:
Is this the Chinese equivalent of 2020 US tech market?

What kind of work?
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It's the 2021 Chinese version of Tesla. It announced it was going to launch an EV line in China and just like Tesla, the valuation got crazy.

I bought the stock a couple weeks before that announcement and I'm laughing all the way to the bank.
 
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#8,163
#8,163
BigOrangeMojo said:
It's the 2021 Chinese version of Tesla. It announced it was going to launch an EV line in China and just like Tesla, the valuation got crazy.

I bought the stock a couple weeks before that announcement and I'm laughing all the way to the bank.
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Ah, more like the Apple car though, right?
 
#8,165
#8,165
Velo Vol said:
Not to get too nosy, but is this restriction rationally connected to the nature of your work? It seems odd.
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It’s a drug testable position, so I guess that’s the reasoning they’re using. The email said they are interpreting a financial interest as the facilitation of manufacture and delivery which is pretty wild to me.
 
#8,166
#8,166
BigOrangeMojo said:
It's the 2021 Chinese version of Tesla. It announced it was going to launch an EV line in China and just like Tesla, the valuation got crazy.

I bought the stock a couple weeks before that announcement and I'm laughing all the way to the bank.
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Very nice here. I remember this clown talking about technicals and looking for a better entry level when you bought. What a loser this guy is.

TheColdVolTruth said:
I'd like to see it closer to the 200 day where it's bounced a few time over the last six months, but I agree with your premise overall.
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#8,167
#8,167
TheColdVolTruth said:
Very nice here. I remember this clown talking about technicals and looking for a better entry level when you bought. What a loser this guy is.
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Honestly, this one is luck. I had no idea there were going to announce some pie in the sky EV initiative. I liked the value at the time and China stocks under a Biden Presidency.

I did a decent bit of pruning yesterday. Did you get back into PLTR?
 
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#8,168
#8,168
BigOrangeMojo said:
Honestly, this one is luck. I had no idea there were going to announce some pie in the sky EV initiative. I liked the value at the time and China stocks under a Biden Presidency.

I did a decent bit of pruning yesterday. Did you get back into PLTR?
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I never sold completely out of it. I sold 75% of my position at around 105% gain. I plan to hold the remaining 25% long term. I've been looking at some things this morning to buy for next week, but I haven't seen anything I like. Three names in my spec allocation have sold out completely. I'm in a couple of biotechs (I'm over exposed to one of them, but I like the setup and feel like I'm playing with house money after the last 12 months). The other already hit a sell limit for about 85% of the position. I don't mind having a large cash position at times, but I have too much in cash right now.
 
#8,169
#8,169
Tri-CitiesVol said:
It’s a drug testable position, so I guess that’s the reasoning they’re using. The email said they are interpreting a financial interest as the facilitation of manufacture and delivery which is pretty wild to me.
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Oh, so not really targeted at passive investment.
 
#8,170
#8,170
Tri-CitiesVol said:
Got an email from work saying it was cause for termination to have a financial interest in weed companies. Not that I would’ve done that.
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I’ve worked my whole career in the nuclear industry all across the country which requires testing. But restricted buying of MaryJane interests or for that matter any interests that the company sees as a conflict just seems too restrictive. I haven’t encountered that.
But working for “the man” has its demands, as we all know.
 
#8,171
#8,171
Been in on CCIV since 13. Could be a big few weeks ahead for the SPAC 🤞
 
#8,172
#8,172
So in my +/- 1 year of dicking around with this I've come out well ahead, paid for a vacation and killed all my revolving debt as a result of buying into APHA around $4 and bailing when it hit $30, since from what I gathered the true value was about $18 with the impending merger.

I've also found I've bailed on things preemptively that have hurt me, Purple and Discover, as examples. Although I've ridden broncs competitively in my younger days I find it semi nauseating to give the stocks some more spur rather than ride it out.
0
I'm tossing around a few less 00's than y'all, but appreciate the input here.
 
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#8,173
#8,173
Toujours Pret said:
So in my +/- 1 year of dicking around with this I've come out well ahead, paid for a vacation and killed all my revolving debt as a result of buying into APHA around $4 and bailing when it hit $30, since from what I gathered the true value was about $18 with the impending merger.

I've also found I've bailed on things preemptively that have hurt me, Purple and Discover, as examples. Although I've ridden broncs competitively in my younger days I find it semi nauseating to give the stocks some more spur rather than ride it out.
0
I'm tossing around a few less 00's than y'all, but appreciate the input here.
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You will NEVER consistently buy at exact bottoms and sell at the exact peaks. Never second guess taking a profit.

A lot of times traders will sell half of their positions after a double. They’ve then guaranteed themselves that they will not lose anything and are now “playing with house money”.
 
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#8,174
#8,174
Carnival, Spirit, JETS, XOM, CVX, and Disney are taking off today. All are on my main watchlist and are up 4% or better. CCL is up around 10%.
 
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