yoshiyoshi Posted June 17, 2020 Share Posted June 17, 2020 19 minutes ago, Brock Botanen said: Man GNUS falling fast. I got my average down to $3.84, but I'm really tempted to take my losses and run now. I told myself I'd never sell for a loss though. I was really hoping it would be trending up by now with the launch on Monday theres supposedly an earnings report on friday, but you may have to wait until august for the toy deal to see any serious gains again. They stomped it into the ground last week and killed all the faith in the stock. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 17, 2020 Share Posted June 17, 2020 On 6/16/2020 at 7:56 AM, AriGold2.0 said: In the mean time I'm waiting for the launch of RPRX.. IPO was this morning, should open within the next 1-2 hours around $40 a share. Huge huge pharma company. 1 Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 17, 2020 Share Posted June 17, 2020 45 minutes ago, yoshiyoshi said: theres supposedly an earnings report on friday, but you may have to wait until august for the toy deal to see any serious gains again. They stomped it into the ground last week and killed all the faith in the stock. I wouldn't be surprised if it is in the 2s by the end of the week. I'd consider buying back in if it drops to 2.75 with a small amount that I can hold until august. Link to comment Share on other sites More sharing options...
HI5 Posted June 17, 2020 Share Posted June 17, 2020 26 minutes ago, AriGold2.0 said: Thanks, my first play on the Nasdaq and I usually never buy IPO's. I didn't do any DD on this one, pure gamble play bought at $44 and sold at $50 already. Link to comment Share on other sites More sharing options...
Sp3nny Posted June 17, 2020 Share Posted June 17, 2020 29 minutes ago, AriGold2.0 said: Do you view RPRX as more of a swing or longer term hold? I have relatively small positions in it and FMCI. Thinking of just holding long term but both are up nicely right now. Link to comment Share on other sites More sharing options...
inane Posted June 17, 2020 Share Posted June 17, 2020 (edited) All the fun one offs are one thing, but I'm pretty happy with my longer plays SQ bought at $45, sitting at $99 TTD bought at $235, sitting at $392 SHOP bought at $490, sitting at $1,113 SNPS, bought at $139, sitting at $190 VMD, bought at $7, sitting at $14.50 SQ, TTD, SHOP make up a large % of the overall portfolio so that helps me be comfortable with my gambles on GNUS, MARK, etc Edited June 17, 2020 by inane 1 1 1 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 17, 2020 Share Posted June 17, 2020 1 hour ago, inane said: All the fun one offs are one thing, but I'm pretty happy with my longer plays SQ bought at $45, sitting at $99 TTD bought at $235, sitting at $392 SHOP bought at $490, sitting at $1,113 SNPS, bought at $139, sitting at $190 VMD, bought at $7, sitting at $14.50 SQ, TTD, SHOP make up a large % of the overall portfolio so that helps me be comfortable with my gambles on GNUS, MARK, etc MARK has an upcoming earnings report at end of month. Make sure you sell the pop. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted June 17, 2020 Share Posted June 17, 2020 (edited) On 6/14/2020 at 9:18 AM, NucksPatsFan said: Thanks Ari, will do some DD today. I'm definitely loading up biotech plays as states like Florida and Texas announce they have more positive covid tests now than they did in March/April. ----- Just some tickers for you guys to research if you're interested, this is not sufficient DD on them, I'm merely just giving you a suggestion to do further research . As always, please do not trade based solely on this. Like you, I'm just a huge Canucks fan who has a hobby of studying the market in my spare time and making some extra money. If you're a novice/inexperienced trader, please don't swing these as these require a close eye on them as they're meant to be quick scalps. You're not investing in the company, you're investing in the hype of covid to drive these up intermittently. XSPA - recently completed a 1:3 reverse split, CEO was on TV Friday evening talking about how they're getting ready to set up testing in various airports (plural - this is important because their stock popped when the contract with just 1, JFK, was announced) BIOC - they announced that in June they will be revealing their plans for how they will build and supply covid test kits (so if xspa is a company that will do the tests, bioc is a company that will provide the tests to those companies). They also recently pushed back their reverse split date vote from June 1 to July 1 as they have to be above $1 for 10 consecutive days for the vote to happen and be approved. With it being mid month tomorrow, stars are aligning for heavy PR to come out to push them up. COCP - they were being funded by AGP Capital and they finally ended that as of their filing on Monday. They have just entered the pre clinical stage of their covid19 drug, among others ( see here: https://www.cocrystalpharma.com/development-pipeline/overview ) JAGX - Covid19 testing stock; received notification from NIAD that they have approval to test one of their drugs against 5 viruses, one of them being covid19 https://www.benzinga.com/general/biotech/20/05/16132752/jaguar-health-says-received-notificatoin-from-niad-that-subsidiary-napos-request-for-testing-crof DSS - announcing their strategy and plans this upcoming Wednesday XSPA - continuing to hold, more airport contracts coming BIOC - sold for 48% gain at 70c reinvested half the profits for the pending PR COCP - sitting stagnant at a 1.35 share price, waiting for news JAGX - sitting stagnant at 0.49 share price, waiting for news DSS - flipped week end $10 calls for 35% return, buying back today on the offering dip, I see this going into the teens All long term holds are up. Been a good green week (except COCP currently) Keep in mind, I'm playing these penny covid stocks with a small % of my portfolio. I understand the risk and am able to survive if I lose what I put in. I am also constantly monitoring these. Sometimes you only get one chance at a peak that lasts a few minutes and it'll never get back there. If you are new or inexperienced please don't gamble. Edited June 17, 2020 by NucksPatsFan 1 Link to comment Share on other sites More sharing options...
HI5 Posted June 17, 2020 Share Posted June 17, 2020 Anyone familiar is IDEX? Noticed they had a nice spike today, wonder if they're poised for a run up where I can make a quick flip. ----------------- Also, none you guys better commit suicide. If you lose money, remember you can always make it back! Quote 20-Year-Old Robinhood Customer Commits Suicide After Seeing A $730,000 Negative Balance https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#58c574495928 Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted June 17, 2020 Share Posted June 17, 2020 Going to be taking a short position soon. Just need to wait for some more confirmation on the charts and find a good entry point. There seems to be a lot of bullish people on this thread. Any bears? Link to comment Share on other sites More sharing options...
yoshiyoshi Posted June 17, 2020 Share Posted June 17, 2020 i dont even know how to short Link to comment Share on other sites More sharing options...
nuckin_futz Posted June 18, 2020 Share Posted June 18, 2020 (edited) 4 hours ago, KoreanHockeyFan said: Going to be taking a short position soon. Just need to wait for some more confirmation on the charts and find a good entry point. There seems to be a lot of bullish people on this thread. Any bears? I'd be bearish as Hell if it weren't for the Fed. 3 hours ago, yoshiyoshi said: i dont even know how to short It's the opposite of going long (buy low, sell high). Find a stock you think is overvalued and open the trade by selling the stock (sell high, buy low). This creates a "short" position in your account. Then after it falls you buy it back or "cover" your short. Example, ABC is trading at $10/share. You sell 1000 shares. They fall to $8.50/share. You buy back the 1000 shares to close the position. You have made $1.50/share or $1500. If it rises after you short it you would be losing money. Shorting is only allowed in a margin account. You cannot sell short in a Cash Account. Not every stock is shortable. Your broker has to be able to locate a "borrow". This is done automatically. Every broker has a an ETB list (easy to borrow). Every broker has a different list. The vast majority of stocks are available to short. Some brokers will allow you to display how many shares of a particular stock they have available for short sale. The difficult ones are stocks with low amounts of total shares. Usually stocks with a few million or less. Which is often a lot of the stocks mentioned in this thread. Shorting is attractive because stocks tend to fall faster than they go up. However one caveat is, the most a stock can drop is 100%. But you can lose more than 100% on a short position. Though you'd have to be pretty dumb to stick around that long. Also if you are short a stock that pays a dividend on the record date you do not get the dividend. You are responsible for paying the dividend. Edited June 18, 2020 by nuckin_futz 1 Link to comment Share on other sites More sharing options...
CBH1926 Posted June 18, 2020 Share Posted June 18, 2020 (edited) 4 hours ago, yoshiyoshi said: i dont even know how to short Friendly advice, I don’t think you should start doing that. Edited June 18, 2020 by CBH1926 2 Link to comment Share on other sites More sharing options...
nuckin_futz Posted June 18, 2020 Share Posted June 18, 2020 6 minutes ago, CBH1926 said: Friendly advice, I don’t think you should start doing that. Yeah it's kind of an advanced strategy. Link to comment Share on other sites More sharing options...
CBH1926 Posted June 18, 2020 Share Posted June 18, 2020 5 minutes ago, nuckin_futz said: Yeah it's kind of an advanced strategy. Plus he was stressing over trading regular stocks, definitely leave short selling to pros. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted June 18, 2020 Share Posted June 18, 2020 (edited) 12 hours ago, HI5 said: Thanks, my first play on the Nasdaq and I usually never buy IPO's. I didn't do any DD on this one, pure gamble play bought at $44 and sold at $50 already. Atta boy, can't be mad at profits.. 12 hours ago, Sp3nny said: Do you view RPRX as more of a swing or longer term hold? I have relatively small positions in it and FMCI. Thinking of just holding long term but both are up nicely right now. Life time hold.. The average pharma company had 7-10 drugs in the pipeline. These guys have 21 and majority of them are in Phase 3 and some in Phase 4 33 minutes ago, CBH1926 said: Friendly advice, I don’t think you should start doing that. 100% this.. If you haven't figured out how to be a bull then don't try to be a bear.. Edited June 18, 2020 by AriGold2.0 Link to comment Share on other sites More sharing options...
Sp3nny Posted June 18, 2020 Share Posted June 18, 2020 46 minutes ago, AriGold2.0 said: Atta boy, can't be mad at profits.. Life time hold.. The average pharma company had 7-10 drugs in the pipeline. These guys have 21 and majority of them are in Phase 3 and some in Phase 4 100% this.. If you haven't figured out how to be a bull then don't try to be a bear.. Ok that was my take as well, but wanted to make sure I wasn't missing something. Thanks! Link to comment Share on other sites More sharing options...
filthycanuck Posted June 18, 2020 Share Posted June 18, 2020 14 hours ago, NucksPatsFan said: MARK has an upcoming earnings report at end of month. Make sure you sell the pop. Im still hoping that MARK pops. Theres really some potential with all the casino reopenings and venues that would need their thermal imaging products Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted June 18, 2020 Share Posted June 18, 2020 Hope we're all having fun trading/investing, but I think this serves as a heavy reminder to not let it get out of hand. Stick to your stop-losses and don't get greedy guys, and don't speculate with money you're not ready to lose. Tragic. https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#3aa2300c5928 Quote 20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” The tragic message was written by Alexander E. Kearns, a 20-year-old student at the University of Nebraska, home from college and living with his parents in Naperville, Illinois. Earlier that day, Kearns took his own life. Like so many others, Kearns took up stock investing during the pandemic, signing up with Millennial-focused brokerage firm Robinhood, which offers commission-free trading, a fun and easy-to-use mobile app and even awards new customers free shares of stock. During the first quarter of 2020, Robinhood added a record 3 million new accounts to its platform. As the Covid-19 stock market swung wildly, Kearns had begun experimenting, trading options. His final note, filled with anger toward Robinhood, says that he had “no clue” what he was doing. In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance until the stocks underlying his assigned options actually settled into his account. Silicon Valley-based Robinhood is not sharing details of Kearns’ account, citing privacy concerns: “All of us at Robinhood are deeply saddened to hear this terrible news and we reached out to share our condolences with the family over the weekend.” It’s impossible to know all of the factors contributing to suicide, especially in young people. Still, the tragic demise of Alexander Kearns is a cautionary tale of the serious risks associated with the race to the bottom in the brokerage business. Robinhood, E-Trade, TD Ameritrade, Charles Schwab, Interactive Brokers, Fidelity and even Merrill Lynch have all embraced commission-free trading and zero-minimum balances in an effort to attract younger customers, many of whom have little understanding of the securities and markets they are dabbling in. “I thought everything was going fine,” says Bill Brewster, Kearns’ cousin-in-law and a research analyst at Chicago-based Sullimar Capital Group. His father said he was loving the markets and really enjoying investing, Brewster told Forbes, “and then on Friday night, we got this call from his mom, and he had died.” Kearns apparently fell into despair late Thursday night after looking at his Robinhood account, which appeared to have $16,000 in it but also showed a cash balance of negative $730,165. In his final note, seen by Forbes, Kearns insisted that he never authorized margin trading and was shocked to find his small account could rack up such an apparent loss. “When he saw that $730,000 number as a negative, he thought that he had blown up his entire future,” says Brewster. “I mean this is a kid that when he was younger was so conscious about savings.” Although Robinhood won’t release the details of his account, it‘s possible that Kearns was trading what’s known as a “bull put spread.” Put options give buyers the right to sell the stock at the strike price anytime until expiration, while put-sellers are on the hook to buy the underlying stock at the strike price, if assigned. This happens automatically at expiration if the price of the underlying stock closes that day at a price one penny or more below the strike price. In Kearns’ note, he says that the puts he bought and sold “should have cancelled out,” because normally a bull put spread involves selling put options at a higher strike price, and buying puts at a lower strike price, both with the same expiration. The trade generates a net credit, which the options trader keeps if the stock price stays above the higher strike price through expiration. It’s generally considered a limited risk strategy because the simultaneous purchase and sale of put options means the maximum loss on a per-share basis is the difference between the strike prices, less the amount earned when the puts are sold initiating the trade. There can be wrinkles, however, when the price of the underlying stock at expiration is between the two strike prices, or in the case of early assignment, which may have occurred in Kearns’ account. Here’s an example of how a bull put spread could produce an unexpectedly large stock position in your portfolio. On June 16, Amazon (AMZN) trades at $2,615 per share. If you’re neutral to bullish on Amazon, you could sell put options that expire on July 17 with a $2,615 strike price for $28 per option. To limit your risk, the other leg of the trade is to purchase puts at a lower strike price, $2,610, for a cost of $26. That two-dollar differential (multiplied by 100) generates $200 for every contract you sell. Do three contracts and you generate $600. If Amazon closes on July 17 above $2,615, you’re in the clear and keep all of the proceeds, as both puts expire worthless. If the stock closes below $2610, you will encounter your maximum loss of $900: $5.00 (difference between strike prices) minus $2.00 (proceeds earned up front) times three contracts. When the stock closes between the two strike prices, the put you bought at the lower strike price expires worthless, but the one you sold is in the money and legally binds you to buy the stock at the strike price. In the case of three contracts of $2,615 Amazon puts, that would be $784,500 to purchase 300 shares. Over a weekend, say, you may see a –$784,500 debit to buy the stock, but you would not see the stock among your holdings until Monday. Kearns may not have realized that his negative cash balance displaying on his Robinhood home screen was only temporary and would be corrected once the underlying stock was credited to his account. Indeed it’s not uncommon for cash and buying power to display negative after the first half of options are processed but before the second options are exercised—even if the portfolio remains positive. “Tragically, I don’t even think he made that big of a mistake. This is an interface issue, they have slick interfaces. Confetti popping everywhere,” says Brewster referring to the shower of colorful confetti Robinhood routinely deploys after customers make trades. “They try to gamify trading and couch it as investment.” Says Robinhood: “We are committed to continuously improving our platform and are reviewing our options offering to determine if any changes may be appropriate.” If you or someone you know is thinking about suicide, please call the National Suicide Prevention Lifeline at 800-273-TALK (8255) or text the Crisis Text Line at 741-741. 2 Link to comment Share on other sites More sharing options...
CBH1926 Posted June 18, 2020 Share Posted June 18, 2020 4 hours ago, KoreanHockeyFan said: Hope we're all having fun trading/investing, but I think this serves as a heavy reminder to not let it get out of hand. Stick to your stop-losses and don't get greedy guys, and don't speculate with money you're not ready to lose. Tragic. https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#3aa2300c5928 RH trading platform has always been $&!#. Link to comment Share on other sites More sharing options...
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