Duodenum Posted January 29, 2021 Share Posted January 29, 2021 (edited) Trying small FUBO, hoping for a double. Doesn't look like this is gonna work, will hold over the weekend, super small position. Edited January 29, 2021 by Duodenum Link to comment Share on other sites More sharing options...
naslund.is.king Posted January 29, 2021 Share Posted January 29, 2021 how do you guys see this gamestop saga ending? Anyone invest? Link to comment Share on other sites More sharing options...
24K PureCool Posted January 29, 2021 Share Posted January 29, 2021 15 minutes ago, naslund.is.king said: how do you guys see this gamestop saga ending? Anyone invest? When those redditors are on the moon! 3 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 Scraped the bottom of some barrels yesterday while the world is focused on GME and AMC, some nice 8%+ bounces on most of them today AMC still hasn't sniffed the price I sold at on Wednesday morning in pre-market, so makes me feel good I was able to "walk away from the table" because god knows at a black jack table I'd keep going back Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted January 29, 2021 Share Posted January 29, 2021 12 hours ago, Pears said: What would be a good amount to put into these rising stocks for someone like me who has next to no idea how stocks work? When you have no idea how stocks work that you should buy an index fund like the S&P 500. You will be served very well with this index fund. Once you have bought them you can just sit back and relax. An alternative to the S&P 500 would be a momentum ETF (exchange traded fund). Momentum has turned out to be a successful investing strategy. Just type ETF Momentum in Google search and you will get some helpful results. The good thing is that you can set up a savings plan to buy an index fund. This means that with a certain amount of money you can affort on a monthly basis you buy monthly an index fund. That's conservative investing, low risk and decent return. Another option would be to buy a REIT which is basically a passive dividend income. You will get paid dividends, for example on a quarterly basis. The Brookfield Property REIT is just one example. There are many more out there. If you seek to invest in stocks I would recommend to learn something about stocks first. I mean the basics like Growth vs. Value, Investment Strategies, Market Timing..... . That requires some time and effort. 1 Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted January 29, 2021 Share Posted January 29, 2021 23 hours ago, Duodenum said: Well at least the stock market recovered everywhere else, red day yesterday has been all but wiped out with gains. Caught that CCIV dip, easy 10% and counting. Robinhood, Citadel and all them should be prosecuted for market manipulation and collusion. Shorting a stock and telling Robinhood to stop all buying of that same stock...yea, that's some dirty $&!#. “If you’re going to buy a SPAC, make sure your horse and your jockey are proven winners.” I hope you know your horse and jockey well enough. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 June 19 expiration $20 strike calls on ACB on this dip filled at 1.65, I had put this low ball bid in when they were around 1.80 this morning. Thanks for the free money weak hands. Chuck Schumer lists marijuana as a priority in first post-election cannabis comments - L.A. Cannabis News Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 13 hours ago, Pears said: What would be a good amount to put into these rising stocks for someone like me who has next to no idea how stocks work? 1st. Love seeing more of our NFL thread make their way into this thread, let's all make bread 2nd. Paper trade. Open a paper trading account on Questrade. You get a million fake dollars I think, but it's the real market, real prices, etc. Use the paper trade account to learn how to place orders, learn difference between different types of orders, test out your hunch, get a feel for when things dip and when things rip (there's usually a pattern, each stock has its own personality). Give yourself a personal target ie. I wanna turn this fake 1 million dollars into 1.5 million dollars, and don't start doing anything with real money until you hit your goal. 1 Link to comment Share on other sites More sharing options...
inane Posted January 29, 2021 Share Posted January 29, 2021 For the ERES warrants, when do they expire? I'm still learning about them Basically, we paid about $1.50 to either sell for whatever the warrant is worth between now and the expiry date, and if we don't, we have the option to turn that warrant into a share of the stock at $11.50? At that time, does that happen automatically or what's the process? Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, inane said: For the ERES warrants, when do they expire? I'm still learning about them Basically, we paid about $1.50 to either sell for whatever the warrant is worth between now and the expiry date, and if we don't, we have the option to turn that warrant into a share of the stock at $11.50? At that time, does that happen automatically or what's the process? They'll likely be expiring in 2024/2025 but the company will call for them much sooner, usually a few months post merger. Link to comment Share on other sites More sharing options...
inane Posted January 29, 2021 Share Posted January 29, 2021 2 minutes ago, NucksPatsFan said: They'll likely be expiring in 2024/2025 but the company will call for them much sooner, usually a few months post merger. So calling for them means what? Giving the option to buy the share? So, let's pretend it merges tomorrow, now it's called MERGE. MERGE has a share price of let's say $20. What do I do with my warrants that I paid $1.50 for? Do they become $20 shares? Sorry, still kinda noobie. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 (edited) 9 minutes ago, inane said: So calling for them means what? Giving the option to buy the share? So, let's pretend it merges tomorrow, now it's called MERGE. MERGE has a share price of let's say $20. What do I do with my warrants that I paid $1.50 for? Do they become $20 shares? Sorry, still kinda noobie. A warrant is the right to purchase common shares at $11.50/share When they're called for, it means you have to either convert them into shares, or sell them at their value on that day. Other factors play into it like whether it's a cashless conversion or not, etc. Edit: Irresponsible of me to not mention that there are also some SPAC's that will do a 2:1 or 3:1 warrant, meaning for every 2 warrants you can buy 1 common share at $11.50. A good example of this is NBAC whose warrants are 2:1. Edited January 29, 2021 by NucksPatsFan Link to comment Share on other sites More sharing options...
Duodenum Posted January 29, 2021 Share Posted January 29, 2021 29 minutes ago, Wolfgang Durst said: “If you’re going to buy a SPAC, make sure your horse and your jockey are proven winners.” I hope you know your horse and jockey well enough. CCIV is a different animal, it's just a rumor and is being moved on psychology. When it dipped on a red day with the short squeeze hedge fund stuff going on, it was an easy decision to grab the dip and sell most of it the next day. My core position is avg $14/share. It could fail and I'd be in the green. 2 Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 29, 2021 Share Posted January 29, 2021 They're going to low close all this high fling crap. All these options are going to expire worthless. Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 29, 2021 Share Posted January 29, 2021 Share limits have been imposed at Robinhood. Hard to believe this is real. 600 share limit on SNDL, It's an 80 cent stock. 5 shares of BB. Link to comment Share on other sites More sharing options...
GetFocht Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, naslund.is.king said: how do you guys see this gamestop saga ending? Anyone invest? To the moon! Link to comment Share on other sites More sharing options...
GetFocht Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, nuckin_futz said: Share limits have been imposed at Robinhood. Hard to believe this is real. 600 share limit on SNDL, It's an 80 cent stock. 5 shares of BB. Criminal investigation seems like a must. Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 29, 2021 Share Posted January 29, 2021 (edited) 3 minutes ago, GetFocht said: Criminal investigation seems like a must. They updated it ............ RobinHood imposes more restrictions on stocks Fri 29 Jan 2021 19:46:20 GMT Imposes buy limit for a number of meme stocks Robin Hood is reducing the amount of stock you can buy on a number of the meme stocks from 5 shares to 2 or 1 share. 1 share limit: AMC, Game stop Koss Moderna 2 share limit Bed Bath and Beyond Qualtric *********************** Now they can go in front of Congress and tell idiot politicians they still allow people to buy and sell GME AMC etc. Edited January 29, 2021 by nuckin_futz 1 Link to comment Share on other sites More sharing options...
GetFocht Posted January 29, 2021 Share Posted January 29, 2021 Just now, nuckin_futz said: They updated it ............ RobinHood imposes more restrictions on stocks Fri 29 Jan 2021 19:46:20 GMT Imposes buy limit for a number of meme stocks Robin Hood is reducing the amount of stock you can buy on a number of the meme stocks from 5 shares to 2 or 1 share. 1 share limit: AMC, Game stop Koss Moderna 2 share limit Bed Bath and Beyond Qualtric WTF?!? They aren't even hiding it. This has to be criminal. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, GetFocht said: WTF?!? They aren't even hiding it. This has to be criminal. Who's gonna charge them? The judges and politicians that are in bed with them? Link to comment Share on other sites More sharing options...
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