***The Official Penny Stock Thread*** - Buy the dip!

Discussion in 'The Mainboard' started by Fusiontegra, May 8, 2020.

  1. Taffy

    Taffy Token Brit poster
    Donor

    Yes, margin trading. Sorry, I thought "CFD" was a global term.
     
  2. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    People that are holding xspa, where are you looking to unload at?
     
  3. Tex

    Tex Decoy Cooler
    Donor
    Texas LonghornsHouston AstrosHouston RocketsDallas CowboysChicago BlackhawksBonnaroo

    No clue. I’ve already cashed out of it once. What you think?
     
  4. elfrid

    elfrid he thinks the carpet pissers did this?
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    i bought one for the november $2.50 call at $2.75

    [​IMG]
     
  5. elfrid

    elfrid he thinks the carpet pissers did this?
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    but let’s ride

    :bananallama:
     
    Tex and Taffy like this.
  6. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    I tried to do the same but TDA said i'm not approved for that level of options trading
     
    Tex and elfrid like this.
  7. Gaknight

    Gaknight Well-Known Member
    Donor TMB OG
    UCF KnightsAtlanta HawksAtlanta FalconsAtlanta United

    Not sure yet. Seeing what happens with them in airports. Hopefully we get announcements soon.
     
    Tex likes this.
  8. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    Supposedly there’s to be some news being announced on the 15th of June. I’m thinking I’ll hold until then barring a huge jump.
     
    Tex likes this.
  9. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Got upgraded. In @ 2.84
     
    elfrid likes this.
  10. elfrid

    elfrid he thinks the carpet pissers did this?
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    robinhood asked me 3 questions basically if i’ve ever given financial advice professionally (nope) and if i have experience in options trading (also no), but i passed

    [​IMG]
     
  11. Gaknight

    Gaknight Well-Known Member
    Donor TMB OG
    UCF KnightsAtlanta HawksAtlanta FalconsAtlanta United

    DGLY is back and it’s gonna end up soaring
     
    Hawks11, ohhaithur, elfrid and 2 others like this.
  12. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    It's beautiful
     
    Hawks11 and elfrid like this.
  13. elfrid

    elfrid he thinks the carpet pissers did this?
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    skyyyy rocketsssss in flight
     
    sc_chant, Hawks11 and RockHardEnis39 like this.
  14. Gaknight

    Gaknight Well-Known Member
    Donor TMB OG
    UCF KnightsAtlanta HawksAtlanta FalconsAtlanta United

    Honestly $10 seems like a minimum at this point.
     
    Hawks11, RockHardEnis39 and elfrid like this.
  15. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    :D
     
    Hawks11, RockHardEnis39 and elfrid like this.
  16. Gaknight

    Gaknight Well-Known Member
    Donor TMB OG
    UCF KnightsAtlanta HawksAtlanta FalconsAtlanta United

    XSPA making moves again
     
    Champ and Tex like this.
  17. Champ

    Champ Well-Known Member
    Donor TMB OG

    3$, but I’m guessing it won’t quite reach that until the next announcement in a week, so we should know more than hopefully.
     
    Tex likes this.
  18. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Thoughts on XELA? Doesn't seem to be doing a ton, but the last time I gave up on a penny early it was BIOC which then took off.
     
  19. Taffy

    Taffy Token Brit poster
    Donor

    If it breaks resistance at 4.90 then we are game on
     
    Hawks11 likes this.
  20. Taffy

    Taffy Token Brit poster
    Donor

    But maybe it is not game on :o
     
    Hawks11 likes this.
  21. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Anyone still holding MGEN? I can get out close to even on this. Is this still in play dukebuckeye
     
  22. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    East coast lunch dump
     
    shawnoc likes this.
  23. Hawks11

    Hawks11 The arsonist has oddly shaped feet
    Donor
    Alabama Crimson TideAtlanta BravesAtlanta Hawks

    I’m buying more on the dip if it gets lower.
     
  24. dukebuckeye

    dukebuckeye I’m OK with your low opinion of me.
    Donor TMB OG
    Ohio State BuckeyesCleveland BrownsColumbus Blue JacketsCleveland CavaliersCleveland Indians

    I dumped them today for a small loss. I spoke with someone there that’s higher up and looking to leave. I don’t like their future.
     
    Fusiontegra and RockHardEnis39 like this.
  25. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    If it goes back under 4 I’m buying more.
     
    Hawks11 likes this.
  26. ohhaithur

    ohhaithur e-Batman
    Donor

    Cross posting since everyone is buying DGLY itt

    Strategy I'm trying on a small scale before scaling it a bit is covered calls, which a few people have asked about:

    Buy 100 DGLY @4.00 ($400)
    Sell 1 DGLY 6/19 $5 Call at $1.08 ($108)

    So if on 6/19:

    Any price $5 or above: $208 profit ($100 from the stock going up, $108 from selling the call)
    Any price $4-5: $108 profit plus I have a stock that increased in value, I can sell a call on the next option window to decrease my cost even more
    Any price $2.92 to $4: $108 profit, some of which I lost on a stock that decreased, I can sell a call on the next option window to decrease my cost even more
    Any price $2.92 and below: It's like I owned the stock and lost some money, but $108 less than I would've, I can sell a call on the next option window to decrease my cost even more

    I might miss out on it going to $30 in the next two weeks but it's a very safe play compared to some others
     
    Hawks11, Taffy and RockHardEnis39 like this.
  27. Gaknight

    Gaknight Well-Known Member
    Donor TMB OG
    UCF KnightsAtlanta HawksAtlanta FalconsAtlanta United

    Ship!
     
    letan likes this.
  28. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Do you plan on buying back in @5 after your option executes?
     
  29. ohhaithur

    ohhaithur e-Batman
    Donor

    TBD. That's 11 days from now and think about what has happened in the last 11 days :ohholkyfuck:
     
    RockHardEnis39 likes this.
  30. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    I'm thinking about doing this now for some of my DGLY
     
    ohhaithur likes this.
  31. ohhaithur

    ohhaithur e-Batman
    Donor

    A stock like this is popular for its ceiling. So as long as you won't kick yourself if it goes to $20 I think it's worth it.

    Personally, I only bought it to do the covered call since the premium is so high
     
  32. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    To do a covered call is it "Sell to close"? I'm getting an error.
     
  33. VASooner

    VASooner Well-Known Member
    Donor
    Washington NationalsOklahoma City ThunderDallas CowboysOklahoma SoonersLiverpool

    Hello I am new here to lose my money.
     
    Hawks11, letan, Tex and 6 others like this.
  34. ohhaithur

    ohhaithur e-Batman
    Donor

    You buy 100 shares (or own 100 shares) of the actual stock and then sell 1 call at the bid (or a little higher and wait for it to fill)
     
  35. Struggler

    Struggler Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati Bengals

    Anyone keep any CPE? I did not. Whoops
     
  36. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    I have 500, but it's saying selling a call to close could result in overselling.
     
  37. ohhaithur

    ohhaithur e-Batman
    Donor

    Not sure what brokerage you're using but I've had no problem on any of the three I've used.

    Quick sanity check:

    You're selling 5 or fewer calls?
    You have no open offers to sell?
    You're allowed to write options on your account?
     
  38. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    No open orders. Approved for options.

    Error I get: Order rejected:This order may result in an oversold/overbought position in your account. Please check your position quantity and/or open orders.

    upload_2020-6-8_13-0-23.png
     
  39. ohhaithur

    ohhaithur e-Batman
    Donor

    I believe you want sell to open
     
    RockHardEnis39 likes this.
  40. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Thank you!
     
    ohhaithur likes this.
  41. Drunkle Tom

    Drunkle Tom Well-Known Member
    Donor
    Florida State SeminolesAtlanta BravesAtlanta HawksTennessee TitansNashville PredatorsMiddle Tennessee State Blue RaidersGrateful DeadLiverpool

    Anybody jump on TOPS or VAL with all of the energy in SHIP? Scoped VAL last week in the $0.50-0.60 range and couldn't talk myself into it. Currently up 135% today and sitting at $2.15.

    TOPS was less impressive, doubled it's price in a day last week and is collapsing now.
     
    Taffy likes this.
  42. elfrid

    elfrid he thinks the carpet pissers did this?
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    hello yes i’m still in the xela, took $250 out of it to pay for my nov dgly call i mentioned earlier, but i’m still in it and hopeful it’ll go up

    don’t have anything to base this off of other than zack morris saying to hold it long a couple weeks ago
     
    RockHardEnis39 likes this.
  43. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    Got in on VAL at 1.24, but only for 150 shares. Kicking myself for not putting more there.
     
    Drunkle Tom likes this.
  44. Trofie

    Trofie Well-Known Member
    Donor TMB OG
    Chicago CubsIndianapolis Colts

    I had 10,000 shares at $.30 and sold last week so dont kick yourself to hard.
     
  45. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    Dang. Sorry for your loss.
     
  46. Rusty Shackleford

    Rusty Shackleford Dale 1 - Rats 0
    Donor
    Auburn TigersSan Antonio Spurs

    I just hold stuff to oblivion now. I had a couple that I unloaded and then they took off. They all eventually have to take off. Right.
     
    Bo Pelinis, letan and RockHardEnis39 like this.
  47. RockHardJawn39

    RockHardJawn39 #FranklinOUT
    Donor
    Penn State Nittany LionsSan Francisco GiantsPhiladelphia 76'ersPhiladelphia FlyersLiverpoolWrexham AFC

    They only take off if you sell it. If you hold it goes to 0.
     
  48. Super Vegeta

    Super Vegeta I'm starting to feel like I'm entering my slut era
    Donor
    South Carolina GamecocksCarolina Panthers

    :ohholkyfuck:
     
  49. Drunkle Tom

    Drunkle Tom Well-Known Member
    Donor
    Florida State SeminolesAtlanta BravesAtlanta HawksTennessee TitansNashville PredatorsMiddle Tennessee State Blue RaidersGrateful DeadLiverpool

    That's rough. The first ride on Luckin before the fraud I took it from around $10-20 up to $50 before the allegations came out and I, being a very stable genius, decided to hold until it dropped to $4.
     
  50. Tex

    Tex Decoy Cooler
    Donor
    Texas LonghornsHouston AstrosHouston RocketsDallas CowboysChicago BlackhawksBonnaroo

    My Hertz hit. Sold that for a nice profit. Might buy back in.