CytoDyn shares plummet after FDA blasts the biotech for cherry picking COVID-19 data
This, from a month ago, might have been the harbinger of doom.
CytoDyn's chief scientific officer Rahman quietly exits amid leronlimab limbo
I expected more from you than that. It's possible you just don't care to sell it, but you're not selling it. What do you mean eventually? Even in 1-2 years is quite a promise. This is .com bubble insanity. Maybe if they take on a competitor or 2 in a merger, and that's it. I'm almost literally cringing right now like there is a sour taste in my mouth and I want to spit it out.Quote: MDawgIt'll hit $1200. eventually, not just $700. Industry leader. Share ownerships are merely being reshuffled right now is all.
No trades today, getting close to the bell, so probably will leave it alone today.
I had a trading order in for TSLA at 561 but it never got that low.
$561 so dangerous. Either the bottom or the top. The floor could come out. You could buy at $561 and see it $540 almost instantaneous. IDK, seems risky. If anything just hold if you're so LT bullish.Quote: MDawgAMZN annoying today, up something like forty at one point then gradually goes red.
No trades today, getting close to the bell, so probably will leave it alone today.
I had a trading order in for TSLA at 561 but it never got that low.
Apples and Oranges.
Trading. Long term.
I hodl the long term, and I trade additional shares occasionally.
If you buy and sell in 10 minutes, that's not long term. I understand you if a quick day trade doesn't work, you just ignore it and it becomes your long term hold and you move on.Quote: MDawgIn case I haven't been clear - for all of these stocks I trade, I hold very long term shares.
Apples and Oranges.
Trading. Long term.
I hodl the long term, and I trade additional shares occasionally.
PS I can see TSLA selling credits to BTC miners, but they kind of don't like him now.
I have held a large number of shares of TSLA continuously for something like four years. A large number of shares of AMZN for much longer than that. A large number of shares of NFLX longer than AMZN. A massive amount of shares of AAPL for much longer than NFLX. Etc. Etc. I hold a couple dozen stocks very long term, continuously, most of them held continuously something like 15 years.
Long term for me means years and years.
I trade additional shares of some of the stocks I hold very long term.
Long term. Trading. Two different things. I do both.
Do I need to draw a diagram? 😇
My advice to you is to buy and hold, if trading is not working out for you. Trading isn't for everyone.
I was going to trade COIN at around 210 but it got away from me too fast. Woulda been nice.
It's hard enough trying to trade currencies, let alone crypto currencies.
Quote: MDawgTech green today.
Yeah. Finally a plus day. I checked my ‘open orders’. I have ‘long term’ 90 shares of TSLA remaining. I promise my wife some useless expensive gift, like shoes or a purse, if it hits a specific high...... I noticed when it was $700+ I put in a sell order of... $895.... it looks funny in there.... at least TSLA near $600. Wife stuck at 124 pairs of shoes, 74purses....
In my ‘trading’ TSLA I am stuck with 20 at I think $680 or do.... down $2k.....
TSLA typically doesn't pop or drop as much, but over time, even 20 shares may start to drag....
Anyway, other than averaging in more shares, which you probably should have done earlier this week if you were going to, you're in the stock so nothing you may do now other than ride it out.
BTC will have to remain stable or it will not happen. If it drops, things will cascade. IMO. Common sentiment they are correlated.Quote: SOOPOOQuote: MDawgTech green today.
Yeah. Finally a plus day. I checked my ‘open orders’. I have ‘long term’ 90 shares of TSLA remaining. I promise my wife some useless expensive gift, like shoes or a purse, if it hits a specific high...... I noticed when it was $700+ I put in a sell order of... $895.... it looks funny in there.... at least TSLA near $600. Wife stuck at 124 pairs of shoes, 74purses....
In my ‘trading’ TSLA I am stuck with 20 at I think $680 or do.... down $2k.....
I expect there will be quite a bit of shuffling of share ownership before AMZN gets back over 3400, and TSLA back over 700.
AMZN too, is misbehaving of late, but will be over 4000 someday.
If you're trading cryptos - which I advise AGAINST anyway, you're probably getting hurt.
As for us very long term hodlers - eh, it's a paper loss and a few years from now this will all seem like a distant memory as BTC roars to 300K or so.
I will tell you right now that many of the alt coins will go to ZERO and never recover. The industry leader like bitcoin will always come out on top in the long run.
Yes, the falling price of bitcoin lately is due to that more people are trying to sell than buy, but there must be buyers out there for the price to be affected in the first place. If everyone lined up to sell bitcoin and there were no buyers at all, the price would not change at all.
And secondly, what many don't realize, is that it is this changing of hands of ownerships that often leads to the price being taken back up, much higher, later. There are limited shares available in a company's stock, or in this case, of bitcoin, and once the weaker hands have dumped, the price is often driven back up partly because the new buyers, having bought at a lower price, are typically unwilling to let go so easily once they are in the green.
As well, typically retail traders are the ones who dump more easily and then institutions scoop up their shares, or bitcoin, or whatever at a discount and hold much longer term. You often read conspiracy theories on the internet about how such and such stock was spooked with news from such and such big institution just to shake loose shares so that they may buy cheaper, and while there is little to any of these conspiracy theories as far as specific intent to lower a stock's price just to buy it lower for themselves, this "theory" is somewhat based on fact in that - as noted - institutions do often pick up something, at a discount, that retail has dumped.
Quote: MDawgYet another relief rally in progress, hope it sticks!
What do you mean by ‘relief rally’? I’m just happy to be significantly green today.
Versus say, days on end when the market goes up...which is what we hope starts happening again.
I retain my very long term AMZN shares, will never sell.
Today's trading:
Meantime, I did two large share lot trades on AMZN today: 3253 to 3254. 3233 to 3234.
That looks very neat and tidy, but believe me it wasn't.
When I first bot the 3253 shares (1000 shares), I entered the sell at 3255. Was looking to book two grand. The bottom fell out, and I lowered the sell to 3254. It did briefly TOUCH 3254, but I got a partial fill only - 250 shares, leaving 750 shares at 3253.
It kept going down, I put in a do or die cost average order to buy another 750 sh @ 3233. It filled, I entered an order to dump all 1500 sh @ 3244, but to my amazement AMZN dropped all the way to 3213 and change. So, I gave up on the averaging in trade and dumped the 3233 shares at 3234. So that was $750., profit, but in the meantime I was hemorrhaging red on the 3253 shares. I decided to re-enter a sell order at 3254, on the 750 sh left from the first trade, and, amazingly again, the order filled, and AMZN is now nicely green (which makes my long term AMZN shares smile).
I did note that buyers were there not allowing the stock to drop much (other than that sudden drop from about 3240 to 3213 (maybe Bezos dumping again??)), so I had faith that I would not lose on this trade. And I didn't.
Anyway, $1750. booked.
SooPoo, TSLA is at least over 600 again. 700 will arrive again eventually, just be patient.
COIN rallying too. (I have no position since I sold at a profit couple weeks ago.)
Quote: MDawgWith AMZN, two rumors are fueling it lately (1) that AMZN will buy MGM, (2) that AMZN will split. The latter is an old rumor, but people are hoping that it may become a reality at the investor's meeting tomorrow. Along with clarification about the MGM buyout.
The MGM deal has been negotiated, pending of course anti-trust review.
No word on the AMZN stock split. That rumor has been circulating for years, but is especially intense right now.
Market nicely green today.
Quote: MDawg
SooPoo, TSLA is at least over 600 again. 700 will arrive again eventually, just be patient.
COIN rallying too. (I have no position since I sold at a profit couple weeks ago.)
I made a small $$$ on a COIN trade. But my long term COIN is in at $325. So quite down. My TSLA trade is in at around $685, so still down as well. My next TSLA ‘I have to buy my wife something that makes no sense’ point has now been agreed on as $1000. So no jewelry here for a whole. She has been looking at a 15-20 carat Amethyst, which would be around $5k.
BTC cut in half though from its ATH. Just hodl! and don't even think about it. For those of us who entered years ago, it's still sky high, relatively. You can't ever gauge the absolute top anyway.
Bitcoin will go all the way to $160,000 this year
SooPoo you still holding COIN I assume?
The latest stock hype around the internet revolves around WISH. I bought some watch related accessories from them once, and the items weren't quite what I expected, and they simply refunded and let me keep without returning, so they do have good customer service anyway. I have not bot any stock yet.
tuttigym
Now get TSLA back over $700 for me!
TSLA is doing better than AMZN, lately.
AMZN earnings: July 28, 2021. I could almost guarantee that it'll be above 3500 again at some point before that date.
TSLA running again today too, pushing 690 at the moment.
The buyers are snapping up the dips, evidently, which bodes well for a run back to 3500 before earnings.
Quote: MDawg
AMZN earnings: July 28, 2021. I could almost guarantee that it'll be above 3500 again at some point before that date.
Quote: MDawg
The buyers are snapping up the dips, evidently, which bodes well for a run back to 3500 before earnings.
As advertised!
AMZN roaring to a new ATH. My long term AMZN is loving it.
We talk TSLA a bunch. They are being sued for a fatal accident allegedly related to some ‘auto drive’ function. I read the article. The front row sitting 15 year old was NOT wearing a seat belt and was ejected when his car collided with a Tesla. The parents must be proud that they allowed their kid to be in the car unbelted. Better sue someone else…..
My smart son says Tesla auto drive technology will result in around 90% fewer fatal accidents than cars without. But the 10% will of course blame TSLA.
Any prediction at all when (if) it hits 700 again?
I think we should be above 700 relatively soon, but over 800 may take a while. We actually hit above 700 the other day if I'm not mistaken, right? but it fell again (again, due to "this or that").
Quote: darkozMDAWG adventures. Permanently hidden!
The definition of trolling. Adding nothing to this thread. Just posting like a petulant child. Hijacking as well.
MDawg…. You don’t fear a “long term” downturn of even good companies due to inflation, out of control government borrowing, corporate tax hikes, etc?
Quote: SOOPOOMDawg…. You don’t fear a “long term” downturn of even good companies due to inflation, out of control government borrowing, corporate tax hikes, etc?
Well, it does seem that every time my account (or yours) hits a new ATH, that SOMETHING rattles the markets, no? But so far, none of that rattling seems to be long term. Market seems to always recover to give us yet another ATH.
I saw two different alerts pass across my iPhone screen this morning...one to the effect of "inflation fears easing" and the other something about how "today's stock market resembles the 1990s tech bubble." Both were of course, just opinions.
Quote: darkozSo you are calling me a troll?
Personal insult
Dark…. You know I like you! But seriously, Mike has acquiesced to the will of the Forum and made it more difficult to access the mathematically challenged threads. It was just rude of you to come to a chatty thread about stocks to gloat over the other thread being hidden.
And as per the warped interpretations here, I didn’t call you a troll, I said the post you made was trolling.
Quote: unJonI have a couple of friends that are research scientists. Have been singing CRSPR praises for years. Wish I could easily trade individual stocks.
Why can't you trade individual stocks?
I can but it’s a lot of red tape at work. Easier to just buy ETFs.Quote: vegasWhy can't you trade individual stocks?
Quote: MDawgWell, it does seem that every time my account (or yours) hits a new ATH, that SOMETHING rattles the markets, no?
We're already off the lows, but general economic recovery fears are the "something" that hit the markets today.
TSLA just turned green too!
I do know that the last time it dropped below 2 or almost to 2 it rocketed back up, but this is like an almost triple bottom this year for the stock...no? I mean AMZN hit the 3100s two or three times this year and look at where it is now (around 3700), but then again, that's AMZN, which seems to just go up over time no matter what.