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Stock Advice Thread

JBHolmesfan said:
It’s an interesting dynamic between people who want to stick it to the hedge funds as goal number 1 and those were are more worried about profits as goal number 1.

I was disappointed when I started reading WSB about AMC. Almost all of the posts are “AMC to the moon!!!” There’s no discussion about it beyond that level.
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While I do believe naked shorts should be reigned-in to some extent, shorts help to keep the market fluid. If you could only bet one way, the market would be much more stagnant.

Being able to assess whether a company is fundamentally sound or not and being able to profit from that possibility is shorting at its core. And I do believe GME and AMC are dogs. But some savvy people saw the overleverage and have been cashing in by harnessing social media to their advantage.

Eventually, the music will stop, and as you see from the in-depth discussion on WSB, someone will be left without a chair.

To the moon, indeed.
 
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BlueBallz said:
What am I missing, I only see it down about 1.25% off the high? Although I read a "headline" that it was spiraling down.
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I guess I didn't catch that. I read the headline and the article and saw that Coke was down >10% over the last 7-8 days.
 
$ORPH
I have been following this stock for a little while. The rumor was that a drug would be approved on Thursday. Last night/ this morning they released a statement that it wasn't approved. A couple of days ago it rocketed up in the $70s intraday. This morning it sits at $7.59. Talk about holding bags.



The whole YOLO. Crazy.

Just for the record, I stayed away from this.
 
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AustinTXCat said:
Krispy Kreme going public again. Ticker symbol listing is DNUT. IPO coming soon, perhaps before end of this month.
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donuts-homer.jpg
 
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gobigblue812 said:
$ORPH
I have been following this stock for a little while. The rumor was that a drug would be approved on Thursday. Last night/ this morning they released a statement that it wasn't approved. A couple of days ago it rocketed up in the $70s intraday. This morning it sits at $7.59. Talk about holding bags.



The whole YOLO. Crazy.

Just for the record, I stayed away from this.
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My ORPH experience. I bought ORPH on 6/14 at 11+ and sold on 6/16 at 15+ for 36%+ gain. I was a happy fellow.

I woke up this morning about 0430 to go to the head. Then I stopped to check if anything was happening premarket. Found that two BUY limits that I had opened on 6/14 to purchase ORPH at 9+ and 10+ had not been canceled and they were both filled at exactly 5 on the gap drop. Lucky error made by me.

ORPH had peaked at 7+ before I checked in and was on the decline. I immediately sold at 6+ for 32%+ gain.

Now ORPH had my attention. I made four ORPH buys between 0500 and 0930 for a 6+ average. I sold at 1000 at 8+ for a 28%+ gain.

I make too many mistakes with my trades that cost me money, nice to have one work in my favor for a change.

Now, if I could only find that misplaced lottery ticket. :cool:
 
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My most profitable week since 02/13/21. Still trying to return to my Feb high. I continue to play it conservative. To ensure profits, I cashed my swing trades except one at 15%. I traded AUUD once for 15%, then AUUD dipped and I was able to trade a second time by placing a trailing stop on AUUD and got a 25% return. I had ALF, but cashed at 15% and missed the big gain. As my confidence increases, I will loosen the reins.

AUUD
CLOV
AUUD
OCGN
ENG
ALF

 
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Bought VRTX and SMG this week.

Bought a put on TRCH and sold it in a day, just for fun. If I had held to my originaI thought, I could have sold it for 50% more. Still getting the hang of options, theta decay, etc.

Also sold a Jul put on ME hoping for it to be exercised and picking up the shares.

Good week for growth.
 
Lamar Card said:
My most profitable week since 02/13/21. Still trying to return to my Feb high. I continue to play it conservative. To ensure profits, I cashed my swing trades except one at 15%. I traded AUUD once for 15%, then AUUD dipped and I was able to trade a second time by placing a trailing stop on AUUD and got a 25% return. There was a third play on AUUD, but I missed it. I had ALF, but cashed at 15% and missed the big gain. As my confidence increases, I will loosen the reins.

AUUD
CLOV
AUUD
OCGN
ENG
ALF

Click to expand...
 
I am a swing trading rookie. I started the first of the year. So take my observations with a large grain of salt.

I came out of the gate hot in Jan/Feb making money. I was up almost 27%. Then I lost all of my profits in Feb/Mar. I stopped trading before losing any seed money. Did more study and practice. Started trading again 4 weeks ago and have been green every week. Up 16% total.

CLOV has been good to me.

CLOV volume increased early in June and has remained higher than prior levels.

6/7 bought CLOV.
6/8 sold 1/2 at 57%.
6/9 sold 1/4 at 100%.
6/10 sold 1/4 at -12%
My plan tells me to sell losers at -15% of purchase price to avoid large losses.
Buy selling at -15% I lose less than 1% of my seed money.
I do average down on new purchases.

6/16 bought CLOV.
6/23 sold CLOV at 15%.

I am watching two action items on the day chart as CLOV is currently dipping.
1. The 20dma has crossed the 200dma. Looking for the 50dma to cross the 200dma very soon.
2. Looking for CLOV to bounce off of the 200dma.

These actions could trigger a bullish period.
 
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BeachBody merged with MYX fitness and went public (BODY) in an attempt to compete with Peloton. Stock is only $10 right now, where as Peloton's is $125.

I always hated the WAY Beachbody sold it's products, but the products tehmselves are solid, from the classes to the supplements. And now they have a bike that people can afford. Might be a good one to throw a few hundred at. I don't see why they can't compete with Peloton in due time.
 
Word has it that WallStreetBets might be thinking about Nio or Viacomm to jump into next.

I don't have any Viacomm, but I've been sitting with Nio for quite some time now.
 
jameslee32 said:
APPH joined the Russell 2000 this week but is showing few signs of breaking out or trading like others in the ag space. Disruptors have there own timeline though. No rush to get in just yet.
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Unfortunately I bought in too early and it's gone down. But I have faith in it and will hold long term. I might buy some more though to DCA.
 
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June moves:
Sold some CSCO at $55 for 109%. LT cap gain.

Sold more FB at $350. Enough to play with house money in an IRA.

Sold more VTR at $60. Also in an IRA.
Bought more VZ at $56 in IRA.
Bought MSFT at $265. in IRA.

Bought VTI at $217 in IRA.

Sold some KKR at $56 in IRA.
Bought JEPI twice under $60 in IRA.

Sold more WY at $34 and $36 in IRA.

Bought FITE at $52.

Plenty of other orders ready to execute lower on buys and higher on sales in several accounts.
 
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jameslee32 said:
June moves:
Sold some CSCO at $55 for 109%. LT cap gain.

Sold more FB at $350. Enough to play with house money in an IRA.

Sold more VTR at $60. Also in an IRA.
Bought more VZ at $56 in IRA.
Bought MSFT at $265. in IRA.

Bought VTI at $217 in IRA.

Sold some KKR at $56 in IRA.
Bought JEPI twice under $60 in IRA.

Sold more WY at $34 and $36 in IRA.

Bought FITE at $52.

Plenty of other orders ready to execute lower on buys and higher on sales in several accounts.
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Looking hard at VZ and T for my IRA. Waiting on a dip.
 
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I have some money built up, can’t decide if I want to drip it into my dividend stocks or a growth stock, or just trade and play around with it. Has anyone looked at the crypto mining stocks? MARA looks interesting, it just got added to the Russell 2000.
 
BlueBallz said:
I have some money built up, can’t decide if I want to drip it into my dividend stocks or a growth stock, or just trade and play around with it. Has anyone looked at the crypto mining stocks? MARA looks interesting, it just got added to the Russell 2000.
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Why not both?

I'd start small with crypto and frankly nearly every investment, then buy more lower or buy less higher.
 
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Wondering if the market is nearing a top I found this short video very interesting and informative about how you can detect when bubbles are forming

 
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Your portfolios getting reamed this week, too?
 
lz said:
Your portfolios getting reamed this week, too?
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My portfolio(s) are worse than a field dressed deer ... I have been gutted in spots. For example, I have a sizeable position in PSFE at an average price in the 11's, which I think is great and I still believe in the stock, but my goodness it has been unmercifully bad. Price action makes no sense. If I had more expendable cash ... might be a good time to load up.
 
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