#WallStreetBets

Discussion in 'The Mainboard' started by Tobias, Jan 26, 2021.

  1. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    Every pick since I got out of LTNC has been abysmal.

    im debating selling all of it, and regrouping
     
  2. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    Fuck it YOLO LTNC
     
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  3. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    welp not much to do now. Got at least somewhat lucky with timing into the market and averaging down a few sloppy buys.. overall feel I did well but not amazing with the totality of entry points and not going to kick myself when we go lower in the next week or two here.. averages, from largest to smallest holdings

    ghvi 13.64
    ttcf 19.28
    kmph 10.11
    srngu 10.37
    hfbtf 3.83
    mict 2.08
    ctxr 1.61 not in 1.50s gang :(

    a few smaller plays and a few OCT free rolls, nothing on bright red... will be interesting to check this in 12 or 18 months. Had no plans of touching this money this year and it was going to collect dust. Unless something flash goes up and is way overvalued these will be year+ holds. Confident I'll make out better than what bogle or mutual funds would have given me in that time frame, but either way will be better off than not investing at all, and this is more fun with no fees
     
    #4403 blotter, Mar 4, 2021
    Last edited: Mar 4, 2021
    clemsontyger04, Hatfield, Tug and 2 others like this.
  4. CaneKnight

    CaneKnight AUTISM!
    Donor

    One OTC that's been a good bet for me is ASTI. Had to endure some pain, but sold at about 12% profit a few days ago, bought back in today and already up 16%.

    They went up 120% in a day the other day due to a new contract with NASA. In all honesty they might also be good hold overall.

    Depending on how high it goes today may sell again and buy back in after it drops
     
    Jake Scott likes this.
  5. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    great time to start a matterport position

    ghvi in freefall cot damn
     
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  6. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    ghvi from 28 to 12 in two weeks

    kmph lol

    amazing stuff all around today
     
    Tug likes this.
  7. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    where do you think ghvi tops out long term?
     
  8. Jake Scott

    Jake Scott Well-Known Member
    Staff Donor

    I do find it extra hilarious that LTNC is green.
     
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  9. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    my hunch is google eventually buys them out. hard to venture a guess past a few years, either you agree with the tech bull thesis or not imo.. first mover get all the benefits in our setup and I personally see the technology as an inevitability and insanely profitable. Arguably one of if not the last great frontier of digitizing everything and now that it's opening up to the smartphone world instead of just the $4,000 matterport camera world...

    it's your own damn fault if you don't get rich off that one at $12:pffft:
     
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  10. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    Thanks I’ll consider this sufficient DD and buy the dip
     
  11. Taffy

    Taffy Token Brit poster
    Donor

    How much ghvi are we holding?
     
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  12. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    enough to get rich
     
    blotter likes this.
  13. Taffy

    Taffy Token Brit poster
    Donor

    Yes that's what I'm looking for, but as a numerical value
     
  14. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    1400 wouldn't be surprised if it drops like another buck into the low 12s

    hope it does and I'll start shaking the couch cushions
     
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  15. Taffy

    Taffy Token Brit poster
    Donor

    GME is on the move, for anyone still holding
     
  16. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    Are you saying you have 1400 shares? I’m trying to get rich off $12 here
     
  17. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    i might have a problem

    also inverse relationship between market/meme stocks is pretty much fully confirmed

    hedge funds selling off our favorite stonks to pay for their meme positions :pffft:
     
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  18. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    Ok I’m going to find another $12 then
     
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  19. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    So Ive sold everything and YOLOing back in LTNC
     
  20. Taffy

    Taffy Token Brit poster
    Donor

    What's your avg buy in?
     
  21. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    posted above not very good, but not terrible 13.64
     
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  22. Tug

    Tug Well-Known Member
    Donor
    Detroit LionsDetroit PistonsMichigan State Spartans

    13.64 will be fine once were at the moon. Don’t beat yourself up over it
     
  23. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    I want more so we'll see what happens
     
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  24. lunchbox

    lunchbox ...
    Donor
    Texas LonghornsHouston RocketsHouston TexansManchester UnitedAustin FC

    It has arrived. Sigh so many adjustments. I have to learn to clip shoes smh
     
  25. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    Made back 1,337 on this to close.
     
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  26. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles




    was pretty funny when people were acting like chamath was someone to be admired because of one interview about GME.. be a billionaire getting margin called on your own SPAC :pffft:
     
  27. Jake Scott

    Jake Scott Well-Known Member
    Staff Donor

    :chan: sup guys
     
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  28. skiedfrillet

    skiedfrillet It's not a lie if you believe it.
    Donor
    Clemson Tigers

    this week has been awful

    can we just reset to last monday
     
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  29. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    we have a while more of this as people sell off their long term capital gain positions they entered at the bottom of the covid crash a year ago

    ghvi gang.. flirting with the 11s!
     
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  30. Jake Scott

    Jake Scott Well-Known Member
    Staff Donor

    BMXC and INCC need to stay green for a little while iyam
     
    Tug likes this.
  31. PeterGriffin

    PeterGriffin Iced and/or sweet tea is for dirty rednecks.
    Florida State SeminolesAustin FCTottenham HotspurAvengersBorussia Mönchengladbach

    Loading up on ctxr, if it insists on hitting my average.
     
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  32. BUstang

    BUstang Lawyer

    Getting absolutely dumped on with SENS. Guess I'll just hold as I don't need the cash. The ship should right itself at some point.
     
    Tug likes this.
  33. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    these spacs are trading under their $10 floor lmao

    literally impossible to lose a penny outside of opportunity costs of having the money tied up if you buy BREZ right now in the 9.80s.. for example
     
  34. El Tiburon

    El Tiburon Well-Known Member
    Donor
    Florida Gators

  35. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    when you're in a hole, keep digging
    -lao tzu

    03/05/2021 10:36:04 Bought 300 GHVI @ 11.5
     
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  36. PeterGriffin

    PeterGriffin Iced and/or sweet tea is for dirty rednecks.
    Florida State SeminolesAustin FCTottenham HotspurAvengersBorussia Mönchengladbach

    I mean you’ve made $1.39 per share x300 in 20 minutes.
     
  37. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    ^^^ hard to worry about bringing cost basis down on a super long bullish play. Where I had to catch myself and be disciplined was when I started thinking about buying on margin while not being 100% sure about how it actually works. Like I could come up with the cash on a margin call, but until I learn how it actually works it would just be disrespectful to what it took for me to get that money into my account.

    BUT with a modicum of diversity in your portfolio and a rule of thumb of 10% on margin during a blood red moment a margin call seems next to impossible... like I'm not sure any crash in history would put you in a margin call situation using up to 10% of a diversified portfolio during what you perceive as *the bottom*

    so on to the interest.. minimal if youre swinging which why aren't you at least swinging on margin: max 9.5% divided by 360 days X however many days you hold.. assuming non-existent interest if day trading. Not sure what the fees look like.. but using a rule of not going over 10% during a blood red moment i'm pretty sure I could have just made a few grand had I day traded 10% on margin. time to educate myself on the fees, because I have basically convinced myself to start using disciplined margin amounts in addition to buying with real, long money in blood red moments while typing out this post

    this shit is more toxic than my worst relationship from my early 20s :pffft:
     
  38. skiedfrillet

    skiedfrillet It's not a lie if you believe it.
    Donor
    Clemson Tigers

    can you dumb all that down like 95% for some others itt

    not me

    but others
     
  39. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    basically the stock market is a huge scam propped up by the entirety of our society .. within your account, even with a cash balance of 0, on TDA they show your "stock buying power" which wont be zero unless youre only in OTC stocks

    how can you have stock buying power or do anything with no cash? on margin.. youre using your existing positions as leverage to buy more stocks or short something or do whatever.. completely ridiculous, but if approached systematically with hard and fast rules I wonder if it can be used relatively responsibly in flash crashes

    the first I heard of it was looking at GME loss porn and some idiots got completely wrecked putting huge percentages on margin.. Their brokerages didnt even give them time to come up with the money as the rule is written to allow, like 4 business days or something, they just sold their shit for them at the bottom and told them to fuck off. After seeing that just told myself never margin, margin bad, but after today I'm not so sure you can't use a *safe* percentage to swing/day trade something you know is way below its normal support

    I will study this dumb deal
     
    #4439 blotter, Mar 5, 2021
    Last edited: Mar 5, 2021
  40. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    LTNC the gift that keeps giving
     
  41. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    almost everything you find talking about margin is a horror story



    "happy thanksgiving again":roll:
     
    #4441 blotter, Mar 5, 2021
    Last edited: Mar 5, 2021
  42. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    VPER finally moving
     
  43. kinghill

    kinghill Well-Known Member
    Donor
    Miami HurricanesMiami MarlinsMiami DolphinsMiami Heat

    is everyone gonna spend their stimulus check on meme stonks?
     
  44. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    Going to only get worse if this 10 year doesn't chill out.
     
  45. Bruce Bowen

    Bruce Bowen Well-Known Member
    Donor

    What else would I do with it?
     
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  46. Mr Bulldops

    Mr Bulldops If you’re juiceless, you’re useless
    Donor
    UCF KnightsAtlanta BravesMiami DolphinsWWE

    That would be most stimulating
     
    kinghill likes this.
  47. skiedfrillet

    skiedfrillet It's not a lie if you believe it.
    Donor
    Clemson Tigers

  48. Wendel Clark

    Wendel Clark Gambling God
    Staff Donor

    These are the days we want every day
     
  49. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    fed FOMC meeting next week.. since i've been watching this stuff it seems the market shits itself if anyone from the fed so much as thinks about opening their mouth. seems like the issue will be pressed by market makers and stimulus checks wont yet be in hand to BTFDs

    closed out and sold down on a couple things with no catalysts coming in the next two weeks. we'll see if I guessed right

    just need SMAS to announce they're going current and run while we're greenish the first half this week
     
  50. blotter

    blotter Aristocratic Bum
    Donor
    Florida State Seminoles

    GME running today. Seeing people who have been in since the 40s/50s after the first run talking about adding more :laugh:

    the believers seem to be convinced the squeeze is an inevitability.. the movie better do this story justice

    does anyone still have shares? I'm thinking about buying one if it settles somewhere