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Moglyzoke Moogleman

Moglyzoke Moogleman

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Zog said:
Don't be a bag holder. Remember what you told me the other day?
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Yes, but I meant that for a pure green play. I'd rather not scalp $1500 at a $10k loss. In what I told you, I meant if you're up $200 on something just take the $200. Not, down $800, then up $200 so take the $200 for a net $600 loss.

As I stated in the edit above, that 1500 could (and likely will) end up right in the toilet. I am okay with the opportunity costs because it can also work against me.
 
Zog

Zog

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Moglyzoke Moogleman said:
Yes, but I meant that for a pure green play. I'd rather not scalp $1500 at a $10k loss. In what I told you, I meant if you're up $200 on something just take the $200. Not, down $800, then up $200 so take the $200 for a net $600 loss.

As I stated in the edit above, that 1500 could (and likely will) end up right in the toilet. I am okay with the opportunity costs because it can also work against me.
Click to expand...

I thought you were up 1500 lol i guess that's a different story...
 
Moglyzoke Moogleman

Moglyzoke Moogleman

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Zog said:
I thought you were up 1500 lol i guess that's a different story...
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Yeah I'm way down. Go check out the loss porn thread if you haven't.

You would be 1000% right, if up $1500, take that to the bank. That whole "maybe it'll go to..." in my mind is the emotion of greed in action. On the inverse, my little hissy fit the other day about not buying the dip would be fear in action.
 
Sanrith Descartes

Sanrith Descartes

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Moglyzoke Moogleman said:
Nothing and pray. The fact it hasn't dumped yet gives me hope. Again I wrote that money all off mentally so anything I get back is just gravy.

Edit* Also, I'm still not profitable so there is no guarantee that whatever I scalp wouldn't go right into another shit idea. This is why I'm not putting any more money in, either. I need to prove that I'm not fucking trash before I start burning more cash or chasing more bad ideas. And again, I've already been reallocating some money into names you've recommended. I just can't do it all at once.
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Setting a stop might not be a bad play. Just sayin.
 
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Masakari

Masakari

Which way, western man?
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Bring on the crash.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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Zog

Zog

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The fuck is wrong with AMD?

1647536123548.png

vs
Facebook?
1647536140133.png


Something isnt right here.
 
Aldarion

Aldarion

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Sanrith Descartes said:
I am up 133% and its really tempting to bank it and wait for a re-entry.
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This is one of the things you guys talk about that still sounds like magic. The twitching becomes uncontrollable long before I see 133%.

Good example, I caught a nice short term run on AVAV. Trimmed half at 24%. It dipped then back up, I sold the rest at 33%. If I'd held just a couple days longer, today it'd be 60%.

Different situation since this was intended as a short term Ukraine news investment, not a long one, but I'm not sure I'll twitch any less when my long term stocks hit +30%...
 
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Lightning Lord Rule

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Sanrith Descartes said:
Stopped out of ABBV at $157.41
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Based on the reasoning Blazin Blazin and you have laid out -and looking at the chart for ABBV- I put a $.50 trailing stop loss on it. That's likely to fill today unless we get some kind of big power hour action which seems unlikely.

I was asking myself, "OK, let's assume ABBV does what it did back in Sept at some point in the next 6 months, which is dip down below its 200D MA. That's currently 122.74. I'd still be ahead of my entry point, but why give back all of what I have now if I think it might get back down that far, or even to 130? Just make sure you have some powder to watch out for plays like this and take solace in being up 45%."

The contrary position is should I hold long term? Eh, short term taxes might be a bitch, but ah fuck it. Plenty of time for some 5head 'tax loss harvesting' come end of year I'm sure :I'm Fine:
 
Sanrith Descartes

Sanrith Descartes

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Lightning Lord Rule said:
Based on the reasoning Blazin Blazin and you have laid out -and looking at the chart for ABBV- I put a $.50 trailing stop loss on it. That's likely to fill today unless we get some kind of big power hour action which seems unlikely.

I was asking myself, "OK, let's assume ABBV does what it did back in Sept at some point in the next 6 months, which is dip down below its 200D MA. That's currently 122.74. I'd still be ahead of my entry point, but why give back all of what I have now if I think it might get back down that far, or even to 130? Just make sure you have some powder to watch out for plays like this and take solace in being up 45%."

The contrary position is should I hold long term? Eh, short term taxes might be a bitch, but ah fuck it. Plenty of time for some 5head 'tax loss harvesting' come end of year I'm sure :I'm Fine:
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I absolutely love ABBV. One thing I need to get better at is the willingness to sell a long term holding that gets way overbought with the intention of buying it back when it reverts to the mean.

I needed Blazin Blazin pointing it to really look at the chart. It's a holding I love and honestly I don't chart it much. When I looked I was like... Hmm. It really ripped the last six months and it's PE exceeds that of the S&P500 PE. It "shouldn't" keep running. I cut out the emotion and banked almost 135% off the table. It was the right move.
 
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Jysin

Jysin

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I am quicker to take some profit these days into strength. Trimmed a tiny little bit. Hoping we get a pullback to add back. Or perhaps fail these overhead resistances back to lows for more loading the boat.

spy.jpg
 
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Lightning Lord Rule

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Sanrith Descartes said:
I absolutely love ABBV. One thing I need to get better at is the willingness to sell a long term holding that gets way overbought with the intention of buying it back when it reverts to the mean.

I needed Blazin Blazin pointing it to really look at the chart. It's a holding I love and honestly I don't chart it much. When I looked I was like... Hmm. It really ripped the last six months and it's PE exceeds that of the S&P500 PE. It "shouldn't" keep running. I cut out the emotion and banked almost 135% off the table. It was the right move.
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It still hasn't filled since I posted that... what a monster!
 
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Jysin

Jysin

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GME earnings:

16:05 [GME] Reports Q4 -$1.86 v +$1.34 y/y, Rev $2.25B v $2.12B y/y
- Free cash flow -$131.6M v +$137.4M y/y
- Adj EBITDA -$126.9M v +$50.3M y/y
- Cash position: Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Company’s focus on meeting heightened demand and mitigating supply chain headwinds.
- Source TradeTheNews.com


That is one ugly bleeding report, but they are sitting on piles of cash.
 
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Zog

Zog

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I'm surprised GameStop never got into tournaments and esports. They needed traffic to their stores to fight off steam and epic games online platforms...

Guess it's hard to cram 400 sweaty nerds into a 20x30 brick n mortar... Especially when they are usually in the mall and that's kryptonite to your average incel.
 
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Jysin

Jysin

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US Steel lowered guide

16:16 [X] Guides Q1 $2.96-3.00 v $3.77e, adj EBITDA $1.3B v $0.6B y/y
 
Sanrith Descartes

Sanrith Descartes

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Jysin said:
GME earnings:

16:05 [GME] Reports Q4 -$1.86 v +$1.34 y/y, Rev $2.25B v $2.12B y/y
- Free cash flow -$131.6M v +$137.4M y/y
- Adj EBITDA -$126.9M v +$50.3M y/y
- Cash position: Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Company’s focus on meeting heightened demand and mitigating supply chain headwinds.
- Source TradeTheNews.com


That is one ugly bleeding report, but they are sitting on piles of cash.
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Didn't they issue lots of stock to take advantage of that monster share price a while back and bank the cash?
 
Big Phoenix

Big Phoenix

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Zog said:
I'm surprised GameStop never got into tournaments and esports. They needed traffic to their stores to fight off steam and epic games online platforms...
Click to expand...
Its like Blizzard not capitalizing on its IP's compared to Riot. Some companies are just ran by people who just want to keep doing what theyve always done and never make use of what they have.
 
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