I am an idiot
April 9th, 2020 at 3:30:39 PM
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Quote: DRichI am a big believer in investing in companies whose products I use and like.
Its like they say- invest in yourself first. Think of it as getting a rebate every time you spend.
Last edited by: billryan on Apr 9, 2020
The difference between fiction and reality is that fiction is supposed to make sense.
April 9th, 2020 at 5:28:44 PM
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FleaStiff:
You proceed from a false assumption. Not all Bitcoins have been mined. The reletive few that remain take a tremendous amount of computing power to mine each one. That is the exact way bitcoin is modelled. The early bitcoins were the least expensive to produce. Due to the very high computing power needed to mine a Bitcoin, some nefarious folks have used distributed-mining tactics. Of course the victim of such mining scripts bear the actual cost.
Nonetheless, work is performed, its a cost-shifted payment! Just like the prison system lol.
You proceed from a false assumption. Not all Bitcoins have been mined. The reletive few that remain take a tremendous amount of computing power to mine each one. That is the exact way bitcoin is modelled. The early bitcoins were the least expensive to produce. Due to the very high computing power needed to mine a Bitcoin, some nefarious folks have used distributed-mining tactics. Of course the victim of such mining scripts bear the actual cost.
Nonetheless, work is performed, its a cost-shifted payment! Just like the prison system lol.
some people need to reimagine their thinking
April 9th, 2020 at 7:15:49 PM
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Yes, it seems to be the easiest way to reach my false conclusions.Quote: Suited89FleaStiff: You proceed from a false assumption.
April 10th, 2020 at 10:21:58 AM
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The old adage that nothing is free holds true for bitcoin just as with anything that is tangible.
April 15th, 2020 at 3:14:49 PM
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It's sad when your mood is dependent on your portfolio, but it is the way it always has been for me. It's pretty damn stupid being shackled from your thoughts basically being oppressed into not selling or not buying in case you change your mind. These changes after markets close and before they open, I really have trouble understanding. I don't like how the prices can change when nobody can buy or sell. Of course you don't like feeling like waking up in a car about to crash into a wall, and of course you like waking up with your dream girl suddenly in your bed, but they weren't the case when you went to bed. I don't need the stock market to have a life, maybe I should sell and just have the money for the world when it reopens. I think that, but just a few dollars more. At this point, I don't think I can sink for less than I'm in for, so at least there is that.
I am a robot.
April 16th, 2020 at 9:02:34 PM
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Omg it happened. The very first day I decide to not only sell all my GILD but short it, it's a miracle. It was the first time I shorted a stock and in after hours, they ring the bell for the world. At this point it's a net win for me, because I have as much MRNA as GILD and was double down speculating on oil stocks. The thing is not only remdesivir seems to work, but Moderna got a 500 million $ grant for their vaccines. Gilead is saying there isn't money in the cure, so what do I do? Do I hold onto to GILD hoping for the price to be sold off, or will the BULLS crush me. Should I cover right away or not.? At this point, I think I should. to be safe. There are almost as many shorts as longs, I just noticed a stat on RH, 3000 people newly have bought GILD today since I slept. I'm thinking definitely cover, because the buying will be irrational? IDK. I've net won among all my stocks it seems, it's not as bad as the nightmare I believed when I woke up because I just miscalculated my losses in the first 15 seconds getting up. TG.
I am a robot.
April 16th, 2020 at 9:24:27 PM
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Really stinks missing the one super breakout day I've been waiting for with GILD, and being on the wrong end. Overall, I'm making more being out of it with paper profits at this point. I don't really know what to do but cover first thing. There is a bottle neck in making the remdesivir, it's really hard to make and it takes a long time. As everyone has been writing about the stock, they will be forced to not make money or not make much treating this. They couldn't treat that many people if they wanted, Idk. It's one of the dilemmas I first pointed out, if the drug boosts the stock, all stocks gain more than the one bringing the exuberance.
I am a robot.
April 16th, 2020 at 10:31:17 PM
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I don't think I'm going to cover the short, the stock isn't a $90 stock. It's an $80 stock at best. Moderna keeps popping, I'm a bit confused. It's not a $75 stock anymore either. If I don't cover, I need it to be closer to $80 before $100. Smart money has to be salivating over it now, seeing the trap. Push, push, push it down they'll think. In the meantime, short squeeze all the way up. This is like the poison cup dilemma all over again. We are still in volatile times, anything can happen day to day. Sigh, this stock could open $110, that would be terrible.
Last edited by: onenickelmiracle on Apr 16, 2020
I am a robot.
April 16th, 2020 at 11:30:05 PM
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It was a giant misgamble. I'm not going to claim I'm not in some disbelief, but the good news is good for all stocks short term until we figure out where the irreparable harm is.
I am a robot.
April 17th, 2020 at 1:38:50 AM
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paper profits is a deceptive term.
Being on the wrong side of a volatile short sale can be costly. GOOD LUCK
Being on the wrong side of a volatile short sale can be costly. GOOD LUCK
April 17th, 2020 at 2:23:05 AM
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Quote: FleaStiffpaper profits is a deceptive term.
Being on the wrong side of a volatile short sale can be costly. GOOD LUCK
Seems to news is falling in value. I'll probably be able to cover around 15-30 minutes after the open and be fine. At this point, by the end of the day, the price will rise somewhere near the open. You don't know how bad this felt. It was like I was some romantic waiting every day to run into a woman at the same place every year, and when I went to the other place, she went where I was. When I first looked into this kind of thing, speculation was a big no-no, but I did it anyway. Was too early for the party, though I have made money on the stock, I never knew when to sell, but was good knowing where to buy. I was kind of getting an idea the LT value will be around $76-$80, but maybe a little more, maybe not. There is a gigantic bottle neck in making this drug, it takes forever for them to make it, when they don't even know what the need is, and there very well could be a supply problem for the base materials for the drug. There could not be enough of what they need no matter what happens. I still made money while I slept, so not a big deal.
I am a robot.
April 17th, 2020 at 2:55:32 AM
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Everything is a paper profit, nobody really wants to get out ever.
I am a robot.
April 17th, 2020 at 5:46:04 AM
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Quote: onenickelmiracleEverything is a paper profit, nobody really wants to get out ever.
I'm planning on taking some out in a couple of years when I'm a little older
I'm pretty sure I'm going to buy a Single Premium Immediate Annuity
I know annuities are generally a bad deal but I believe this one is less bad than the others
if interest rates are still low I know I won't get a good deal
but I'm willing to trade that for the security of getting a payday every month for the rest of my life
all my life my investments have been moderate risk - it will be time to reduce the inherent risk
risk now seems greater than I ever imagined
this will protect me somewhat from a bad thing happening as they say:
𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐮𝐭𝐥𝐢𝐯𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐞𝐲
Please don't feed the trolls
April 17th, 2020 at 6:39:39 AM
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Gilead is up more than 10% right now on some good news. This good news for you? I have some trouble following what you wrote, did you short this?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
April 17th, 2020 at 7:29:21 AM
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Quote: lilredroosterI'm planning on taking some out in a couple of years when I'm a little older
I'm pretty sure I'm going to buy a Single Premium Immediate Annuity
I know annuities are generally a bad deal but I believe this one is less bad than the others
if interest rates are still low I know I won't get a good deal
but I'm willing to trade that for the security of getting a payday every month for the rest of my life
all my life my investments have been moderate risk - it will be time to reduce the inherent risk
risk now seems greater than I ever imagined
this will protect me somewhat from a bad thing happening as they say:
𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐮𝐭𝐥𝐢𝐯𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐞𝐲
I went to an investment dinner where they pitched SPIAs. I wasn't impressed but passed the information on to my money guys and they dismissed the idea. At todays interest rates, it seems like a very bad time to buy such a product.
The difference between fiction and reality is that fiction is supposed to make sense.
April 17th, 2020 at 7:38:40 AM
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Quote: odiousgambitGilead is up more than 10% right now on some good news. This good news for you? I have some trouble following what you wrote, did you short this?
Yes I just decided to gamble on this rocky stock yesterday. It was the first time I ever shorted, got my hand in the rat trap. I covered at $82, fro $75. Ahead 21% for the year still, better than nothing. I'm right now planning on not being fully invested, and will not use margin at this point. I need to be flexible, in case we start seeing a nightmare.
I am a robot.
April 17th, 2020 at 7:50:11 AM
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There are now 23000 more Robinhood members owning GILD now, 66,277 today compared to 43,000 yesterday.
I am a robot.
April 17th, 2020 at 8:25:43 AM
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MRNA has been the stock for profits. I bought some BTG today, figured it was worth a buy down 5% and w people thinking gold won't be going up in price. It will for sure w cheap oil.
I am a robot.
April 20th, 2020 at 5:31:36 AM
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It's funny if you look at 6 flags, it's stock has literally been a roller coaster. Wouldn't have even thought of it, but for some reason it shows up when you look at wynn.
I am a robot.
April 20th, 2020 at 7:09:44 AM
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Quote: onenickelmiracleIt's funny if you look at 6 flags, it's stock has literally been a roller coaster. Wouldn't have even thought of it, but for some reason it shows up when you look at wynn.
I bought Six Flags stock about three months ago because of a nice dividend offered. I got crushedon that stock evenbefore the virus became a big deal. I sold almost everything about six weeks ago and just started buying back in. I own three stocks right now and I hope they are long term holding but they all have a lot of exposure.
I bought Ford, American Airlines, and Exxon. Hopefully in two years they will recover without having a bankruptcy.
At my age, a "Life In Prison" sentence is not much of a deterrent.
April 20th, 2020 at 7:54:15 AM
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Should be fine. They might drop lower, might not. Airlines really scare me. Moderna is just giving me orgasms today, it was down 4% with all my stocks way down, and turned out Jesus is working on the vaccine I guess. This feels great. I have no idea when to sell Moderna, guess I won't.Quote: DRichI bought Six Flags stock about three months ago because of a nice dividend offered. I got crushedon that stock evenbefore the virus became a big deal. I sold almost everything about six weeks ago and just started buying back in. I own three stocks right now and I hope they are long term holding but they all have a lot of exposure.
I bought Ford, American Airlines, and Exxon. Hopefully in two years they will recover without having a bankruptcy.
I am a robot.
April 20th, 2020 at 8:24:04 AM
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ACB (Aurora Cannibis) is doing a 12 for 1 reverse split, will also be selling 30% more stock, but counting 7 shares as 1. It's worth about $1 buying 7 shares. If all 7 shares wind up worthless, then it's -$5. No answer on less than 7 shares what will happen from the article I read the other day, I think they're being abandoned and uncompensated.
Up 39% YTD , most of it from Moderna today. Feels awesome.
Up 39% YTD , most of it from Moderna today. Feels awesome.
Last edited by: onenickelmiracle on Apr 20, 2020
I am a robot.
April 20th, 2020 at 2:04:20 PM
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Such a weird feeling to have things change from overall ahead 21% to 42% since the last trading day. I was not expecting this today, expected quite the opposite, as it was how the day was starting until the opening 15 minutes. Crazy how the pre-market prices get into your head. Guess others had had a bad day, in the normal areas. I'm so sick of Etrade, they show me having margin available then wouldn't let me trade on it, wanted to short the casino stocks hard.
Lots of bad press reiterating how Gilead may not or would not be a money maker from the analysts, but nothing about the other pharma stocks. Suppose it's coming, GILD did not weather good to the reports I assume they had the influence causing the panic. I know it won't, but tough to say, how many people might need remdesivir. Bernie's Sanders spoke about Gilead,, bitching about them making money on the drug saying it should be free and put a nail in that coffin, with Gilead taking away their orphan drug status by withdrawing it because of him. Wasn't meant to be with that company for me, sold short on the wrong day and was always afraid to take profits when they were good,
Got scared myself about Abbott labs because of the problems they were having with the testing devices, it went up $2 after I sold, was happy to just get out when I did, because having the government returning the devices and having scarcity of preservatives to use the machine how hospitals would want, just seems like it's risky. Not many tests out there, guess I clearly overreacted. I'd have second thoughts getting back in now after the stock went up 2% today, kind of weak for how the thing has been lately.
I'm so surprised Moderna went up so much today and couldn't hang onto a lot of the gains, the stock had been so popular in the past on good days, it would move over 10%, then retreat as people were notified of the 10% gain, and keep on going. Kind of had an arc to it today, could tell a lot of RH investors getting in for the first time, and noticed drops in GILD. I really wouldn't know what to invest in if I pulled out of these 2 pharmas now. Can't short at RH, don't want to do options because I'm not confident I understand them well enough to make decisions to buy and execute. Not going to be many green days for a while, I don't think. Would be nice for me to get out, wait for new bottoms, and get back in, but I don't know when they reality will sink in.
Lots of bad press reiterating how Gilead may not or would not be a money maker from the analysts, but nothing about the other pharma stocks. Suppose it's coming, GILD did not weather good to the reports I assume they had the influence causing the panic. I know it won't, but tough to say, how many people might need remdesivir. Bernie's Sanders spoke about Gilead,, bitching about them making money on the drug saying it should be free and put a nail in that coffin, with Gilead taking away their orphan drug status by withdrawing it because of him. Wasn't meant to be with that company for me, sold short on the wrong day and was always afraid to take profits when they were good,
Got scared myself about Abbott labs because of the problems they were having with the testing devices, it went up $2 after I sold, was happy to just get out when I did, because having the government returning the devices and having scarcity of preservatives to use the machine how hospitals would want, just seems like it's risky. Not many tests out there, guess I clearly overreacted. I'd have second thoughts getting back in now after the stock went up 2% today, kind of weak for how the thing has been lately.
I'm so surprised Moderna went up so much today and couldn't hang onto a lot of the gains, the stock had been so popular in the past on good days, it would move over 10%, then retreat as people were notified of the 10% gain, and keep on going. Kind of had an arc to it today, could tell a lot of RH investors getting in for the first time, and noticed drops in GILD. I really wouldn't know what to invest in if I pulled out of these 2 pharmas now. Can't short at RH, don't want to do options because I'm not confident I understand them well enough to make decisions to buy and execute. Not going to be many green days for a while, I don't think. Would be nice for me to get out, wait for new bottoms, and get back in, but I don't know when they reality will sink in.
Last edited by: onenickelmiracle on Apr 20, 2020
I am a robot.
April 20th, 2020 at 2:21:49 PM
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Quote: onenickelmiracleSuch a weird feeling to have things change from overall ahead 21% to 42% since the last trading day. I was not expecting this today, expected quite the opposite, as it was how the day was starting until the opening 15 minutes. Crazy how the pre-market prices get into your head. Guess others had had a bad day, in the normal areas. I'm so sick of Etrade, they show me having margin available then wouldn't let me trade on it, wanted to short the casino stocks hard.
It may be they won’t let you short on margin.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
April 20th, 2020 at 2:35:30 PM
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Not my experience. I'm sure the margin was coming by the gains of the day mostly, that might have been the reason, or as like at RH, all kinds of numbers are fake, like daily returns. I'm pretty sure you must have margin to short besides this. That really makes me mad ETRADE keeps messing with margin requirements too. Have been getting messages where they'll change requirements based on how much of a concentration I have in one stock, or just because of the stock too. RH doesn't do that, whatever I start with, I maintain AFAIK. I'd get out at ETRADE, but I don't want the money out of the market this long, don't bring up the getting out and waiting. ;) I like the site for some things and not others, will move somewhere eventually. :Quote: unJonIt may be they won’t let you short on margin.
I am a robot.
April 20th, 2020 at 4:32:54 PM
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I still have such a black thumb when it comes to BTC. I'm a sucker on that one. Nobody knows what's going on with it, I'm assured it's manipulated, and even then, I'm like, but it's going to go that way.
I am a robot.
April 20th, 2020 at 8:27:29 PM
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I miscalculated my return for the year, it's 33% not 42% for the year. Forgot to add my investment at the 1st brokerage, but not the gain. Still fine for now.
I am a robot.
April 21st, 2020 at 8:37:55 AM
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Quote: onenickelmiracleI miscalculated my return for the year, it's 33% not 42% for the year. Forgot to add my investment at the 1st brokerage, but not the gain. Still fine for now.
That didn't last, overbought is right. Damn, these bearish little articles, are like, sell so ONM's portfolio goes down. Sometimes you have to wonder what incentive people have. I'm sure they're legit, just seems sometimes people are jealous and want to bring others down, just so they seem right.
I am a robot.
April 21st, 2020 at 9:02:45 AM
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Quote: onenickelmiracleI still have such a black thumb when it comes to BTC. I'm a sucker on that one. Nobody knows what's going on with it, I'm assured it's manipulated, and even then, I'm like, but it's going to go that way.
If it's worth anything, I've always thought that the correct play is to short BTC long-term. I understand that not everyone can do this due to leverage, etc, but I cannot imagine a scenario which has BTC going up long-term.
April 21st, 2020 at 10:19:36 AM
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Jim Cramer bragged about doing just this - Aug 2008Quote: onenickelmiracleThat didn't last, overbought is right. Damn, these bearish little articles, are like, sell so ONM's portfolio goes down. Sometimes you have to wonder what incentive people have. I'm sure they're legit, just seems sometimes people are jealous and want to bring others down, just so they seem right.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
April 21st, 2020 at 11:40:46 AM
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One of the stocks that got away is one I used to look at in competition to Pier-1... Wayfair. As Pier-1's selection and quality declined in the 2000's Wayfair's did better. So when the market tanked in mid-late March I had a look at them again. Still selling furniture and accent pieces, etc. And hammered to $30. Considering the rather discretionary income in a time of locking down, I passed.Yah, it would rebound a bit... Wrong! As of yesterday $100, backing off to $96. Genuine 3-bagger in a month And I thought AMZN might steal their lunch. Some would say Wayfair didn't make much sense to own, outside of the distressed $30 price. I guess that folks with big coin don't care about any steenking corona-virus... I NEED that end table.
Suited89
Suited89
some people need to reimagine their thinking
April 21st, 2020 at 4:45:09 PM
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What I forgot I have learned is how the high frequency trading algorithms scan the internet for this kind of thing, instantly put a value on the news, and make what they think is the proper move. Being aware won't matter, you'll always be too late. Suppose being late is better than never, so I contradict myself.Quote: odiousgambitJim Cramer bragged about doing just this - Aug 2008
I am a robot.
April 21st, 2020 at 5:25:17 PM
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I bought some AMD semiconductor and Coca Cola today. I expect both of these to be two year holds.
At my age, a "Life In Prison" sentence is not much of a deterrent.
April 21st, 2020 at 6:01:49 PM
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Quote: DRichI bought some AMD semiconductor and Coca Cola today. I expect both of these to be two year holds.
I was wondering why you would buy AMD it if it were the same price as Feb 19th, but I see it has gone up 2000% in last 5 years. Morning star says the fair value is $19, that doesn't appear very good at first glance when trading at $53, and listed as 50% hold, 42% buy, 8% sell. When they say $19, it means the average projection in 1 year is $19. Obviously all these changes are not up to date, but this seems risky. Is this a COVID shelter stock? I don't get it.
I am a robot.
April 21st, 2020 at 6:04:44 PM
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Makes sense to me, I think I just want to gamble whenever I get in, never seems to work out. All the gigantic leaps, I'm never in for, but the cliffs, I'm there. They are certainly in my head. That's pretty much how I feel, I'm trying to wonder what the manipulators are thinking, and all I can seem to think is them thinking they have me every time.Quote: CasinoResearchIf it's worth anything, I've always thought that the correct play is to short BTC long-term. I understand that not everyone can do this due to leverage, etc, but I cannot imagine a scenario which has BTC going up long-term.
I am a robot.
April 21st, 2020 at 7:49:03 PM
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I'm not liking when I look at the gold stocks, they all pretty much look the same, all very similar going up and down at the same exact moments. This happens a lot, say you're waiting for one stock to rise in price while another is lower, and they both move up or down in price pretty much at the same time. Doesn't make sense to me, to have so much similarity between stocks, they all seem very much similar. Over time, they verge, but too many identical days.
I am a robot.
April 22nd, 2020 at 1:28:10 AM
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One thing about bit coin, it has never really been challenged during a bad stock market. It's up 10% in the last month, fell heavy March 11th, a breaking point day for the stock market to become bearish. Overall seems to be shadowing the stock market in one way or another, would not expect it to make any big gains if the stock market were to start steadily and consistently declining. The halving is coming soon, this will limit the supply of new bit coins coming in, so in theory, bit coins should become more valuable because there will be less new ones coming on the scene. Halving didn't do much for BCH, but it's linked to BTC isn't it? I wonder how delayed the halving scarcity will be, and if miners were able or wanting to hold onto bit coins if higher prices came, will there be a lag in escalation?
I am a robot.
April 22nd, 2020 at 3:39:55 AM
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If I sell my pharma off, I don't know what to do next. Cannot really short with a large chunk of my investment just because I'm stuck at RH and I'm not messing with options. I'm not comfortable with the next few weeks at all right now. I'm obviously not thinking to gamble with any more money in bit coin, I'll have to think about probably moving into more gold stocks, staying in cash, or staying in cash and moving it to another brokerage where I can short. With dark clouds, wouldn't be so bad to wait for new lows for LT, but I doubt I want to if it means letting money be in transit. Maybe even popping in and out of the pharma, but I know it can be dangerous. If MRNA had dropped $20 and not recovered soon, I'd be trapped. Took a lot of courage staying in with it dropping 20% in 1 hour.
I am a robot.
April 22nd, 2020 at 6:54:40 AM
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FInally out of my pharma, thought today would be down day. Shorting stock on WYNN and MGM. Sticking with B2G, not buying any more for now. Av price WYNN $70.76, MGM $13.56, in for MGM 3 times WYNN.
I am a robot.
April 22nd, 2020 at 1:58:15 PM
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Oh great, my shorting stocks is cursed. Felt fine about it, then I heard the mayor of Vegas is the drunk driver of mayors. In after-hours, casino stocks getting a bump. I'm almost speechless. Lol. Just a little shock. :) Maybe it won't be that bad, these casinos are going to be in big trouble, could be worse with this mayor. Maybe it's a bluff to get federal money or push for more stimulus.
I am a robot.
April 22nd, 2020 at 1:58:57 PM
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Quote: DRichI bought some AMD semiconductor and Coca Cola today. I expect both of these to be two year holds.
Heard AMD moved pretty good, did you buy it because of Intel having good numbers?
I am a robot.
April 22nd, 2020 at 2:01:29 PM
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I have barely heard of it, beyond commercials. I'm not rich, new furniture not a high priority. Would have thought the same too, have to be careful, better to gain something than take a bomb up.Quote: Suited89One of the stocks that got away is one I used to look at in competition to Pier-1... Wayfair. As Pier-1's selection and quality declined in the 2000's Wayfair's did better. So when the market tanked in mid-late March I had a look at them again. Still selling furniture and accent pieces, etc. And hammered to $30. Considering the rather discretionary income in a time of locking down, I passed.Yah, it would rebound a bit... Wrong! As of yesterday $100, backing off to $96. Genuine 3-bagger in a month And I thought AMZN might steal their lunch. Some would say Wayfair didn't make much sense to own, outside of the distressed $30 price. I guess that folks with big coin don't care about any steenking corona-virus... I NEED that end table.
Suited89
I am a robot.
April 23rd, 2020 at 7:39:12 AM
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Quote: onenickelmiracleHeard AMD moved pretty good, did you buy it because of Intel having good numbers?
My philosophy on that one was just the market segment will grow. I am buying things that I think have a positive long term outlook. Like I said earlier, I will probably hold AMD and Coke for a couple of years. I didn't even know AMD went up. I only look at my portfolio about once a week. I don't "trade" stocks. I tend to buy and hold for quite a while. I sold a lot of my stocks around the time of the crash but before then I don't think I sold any stock in over a year.
At my age, a "Life In Prison" sentence is not much of a deterrent.
April 23rd, 2020 at 7:54:54 AM
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Well, it got me being late to short the casinos, but during this time I was also gaining on gold mining and pharma stocks, so I'm good now. Just in Gold, BTC, and against casinos for now. I suppose that LVNV mayor had nothing to do with after-hours buying last night, was Macau CEOs preaching the gospel of hope. After I made my short position, I did see an article talking about how one hedge fund went short on any business with slow growth and high debt levels, so I feel good about the shorts. Gold will not actually move up too much in price with the world economy frozen, but still should increase in price over the next few years. I might be a little too inexperienced, but I presumed gold will be cheaper to gather with lower energy prices to get it. It's one thing I remember from the gold mining discovery shows. Overall, I feel like I'm killing it, but I never ever know when to sell, only when to buy. I'm expecting a U or W recovery.
I am a robot.
April 23rd, 2020 at 7:59:05 AM
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I struggle to not say "win" instead of "gain".
I am a robot.
April 23rd, 2020 at 8:11:43 AM
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I'm working on buying a pot to piss in, will be long term, but highly speculative now.Quote: DRichMy philosophy on that one was just the market segment will grow. I am buying things that I think have a positive long term outlook. Like I said earlier, I will probably hold AMD and Coke for a couple of years. I didn't even know AMD went up. I only look at my portfolio about once a week. I don't "trade" stocks. I tend to buy and hold for quite a while. I sold a lot of my stocks around the time of the crash but before then I don't think I sold any stock in over a year.
I am a robot.
April 23rd, 2020 at 10:16:16 AM
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Got out of GILD and MRNA yesterday, cannot believe remdesivir doesn't work, really don't. Just got tired of every twist and turn on the stock, wound up being a loser in it, the poorly timed short made a difference. My short record is abysmal for now, WYNN and MGM, I'm going to have to rob them when they open up. ;) Can't wait lol. MRNA I totally milked, just was always scared in MRNA, was too easy. Soon as things started getting volatile, I was out. GILD is stilla decent buy in the $60s, maybe even low $70s I think, but not with so many other opps out there, a weaker choice.
I am a robot.
April 23rd, 2020 at 10:33:19 AM
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Remdesivir might work for some patients, IDK. I'm not getting back in, would have to sell something to do so, and can't pop in and out or I would.
Added: Regretting I didn't, had a stock in decline which continued declining from the moment of decision. I'm just worn out on GILD, it seems like it's too volatile and the end point is really not that high compared to where the stock is. It'll never be a $100 stock I don't think, and if it is, you'll have other ways to beat it. I think I'm running out of ideas, might just leave things where they are and go for a walk for a month.
Added: Regretting I didn't, had a stock in decline which continued declining from the moment of decision. I'm just worn out on GILD, it seems like it's too volatile and the end point is really not that high compared to where the stock is. It'll never be a $100 stock I don't think, and if it is, you'll have other ways to beat it. I think I'm running out of ideas, might just leave things where they are and go for a walk for a month.
Last edited by: onenickelmiracle on Apr 23, 2020
I am a robot.
April 24th, 2020 at 1:45:36 PM
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Well, casino stocks opened high, was watching for a dip, there was one to cover and I missed it. Finally covered MGM and WYNN by the end of the day, just before close and painfully. I had noticed LVS had an analyst which touted the stock, for which it popped. The article mentioned how LVS was better prepared than peers, though I didn't know who the darn peers were, so I had to wonder. Just in case, I covered, would not want anything great happening for those stocks Monday morning with me paying for it. NO MORE SHORTS. Right, I'll get the next one, but 0/2 hurts.
Gold mining stocks, especially BTG have been getting me nice returns, so still a great week. The problem with them, too many people might be hedging with them, I think they probably are. I know for a fact the price of gold definitely has a big factor in the price, HUGE. Just look at some of these gold mining stocks, and look at the spot price of gold, and you can see the HFT reacting to every penny. So there is a problem, the price of gold is determined by 2 things, industrial uses and speculation/hedging. We have the world scared, the world is frozen, so people want to invest in gold, and the economy isn't needing it. The price of gold will not surge too much, but you have to know or try to know when it will move. If the speculation becomes uncool, it's some immediate trouble, but not LT if you hold. More stimulus, and the CBO says we'll have a 3 trillion dollar deficit soon. Probably not much to worry about the spot going too low any time soon I think. Could have some negative volatility I think, that'll hurt me, every penny is a lot of money. I've managed to up to now earn 46%, so I'm good for now, haven't had a very bad day in a while. I was going to stay out over the weekend, but I didn't. I feel the gold mining stocks will be up a week from now, a month from now, want that bump if there is one.
I made up my mind again, no more bit coin. I held money in there all week and got a few percent, but I'm fundamentally against bit coin now. It's just a ponzi scheme and just popping on the dollar weakness. There is no investment, but luck and being even. In fact, the only value of digital currency is other people losing them to a landfill. Where is this $100,000 bitcoin coming from? Millions of new idiots putting their money in and hodling? We already have the best ponzi scheme ever made, social security, don't need to invest in more. Damn, but don't think I'm not tempted by the lie of the halving. I am, but don't think anything really awesome is a greater chance than something really bad happening. I'm out of it.
Gold mining stocks, especially BTG have been getting me nice returns, so still a great week. The problem with them, too many people might be hedging with them, I think they probably are. I know for a fact the price of gold definitely has a big factor in the price, HUGE. Just look at some of these gold mining stocks, and look at the spot price of gold, and you can see the HFT reacting to every penny. So there is a problem, the price of gold is determined by 2 things, industrial uses and speculation/hedging. We have the world scared, the world is frozen, so people want to invest in gold, and the economy isn't needing it. The price of gold will not surge too much, but you have to know or try to know when it will move. If the speculation becomes uncool, it's some immediate trouble, but not LT if you hold. More stimulus, and the CBO says we'll have a 3 trillion dollar deficit soon. Probably not much to worry about the spot going too low any time soon I think. Could have some negative volatility I think, that'll hurt me, every penny is a lot of money. I've managed to up to now earn 46%, so I'm good for now, haven't had a very bad day in a while. I was going to stay out over the weekend, but I didn't. I feel the gold mining stocks will be up a week from now, a month from now, want that bump if there is one.
I made up my mind again, no more bit coin. I held money in there all week and got a few percent, but I'm fundamentally against bit coin now. It's just a ponzi scheme and just popping on the dollar weakness. There is no investment, but luck and being even. In fact, the only value of digital currency is other people losing them to a landfill. Where is this $100,000 bitcoin coming from? Millions of new idiots putting their money in and hodling? We already have the best ponzi scheme ever made, social security, don't need to invest in more. Damn, but don't think I'm not tempted by the lie of the halving. I am, but don't think anything really awesome is a greater chance than something really bad happening. I'm out of it.
I am a robot.
April 24th, 2020 at 1:53:15 PM
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One thing I'd like to know which I kind of hate is how stocks end where they open. You'll see them rise a lot, or fall a lot, or be flat, or fluctuate, but so often end right where they start. It really doesn't make sense, happens a lot.
Also, probably too many stocks up 20% last week. Way too much anticipation. What exactly are we counting on?
Also, probably too many stocks up 20% last week. Way too much anticipation. What exactly are we counting on?
Last edited by: onenickelmiracle on Apr 24, 2020
I am a robot.
