Investing General Discussion
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Louis
Trakanon Raider
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Sanrith Descartes
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Couldn't happen to a nicer company. Well, except GOOG and TWTR.
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Borzak
Silver Baron of the Realm
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I'm very old fashioned. I invest across the market in my 401k. For my side money I only invest in things I understand how they plan to actually make money. The dotcom boom and bust mostly passed me by except for the stuff in the funds in my 401k.
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Sanrith Descartes
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Sanrith Descartes
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I knew BFT sounded familiar. I had bought it on the day it went public at $10 and then as I was reading the filings I noticed that they charged a transaction fee to exchange warrants for shares if they are called and that rubbed me as a very shady thing to do so I sold it the same day for like 30 cents profit.So I did some research yesterday and decided to buy 100 shares each of IPV and BFT on top of the BTWN thatSanrith Descartes brought up. Some may say its RH or WSB like trading, but I liked what they were doing and if they repeat MP, LAZR, VLDR etc then set a trailing stop loss on the first spike and sit back. Hows the saying go, 500k frenchmen can't be wrong? Just don't be the one holding the bag at the end
Big Phoenix
Pronouns: zie/zhem/zer
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Hilarious. Watched Wall Street this weekend and its just comical to compare how stocks where portrayed in the movie then compared to now.
In the movie theres a big scene that shows the action over the course of a day for a random stock that ends the day up 5%, implying how thats a huge thing swing. Here we have Tesla, one of the largest market cap companies in the world swinging 8% for no significant reason.
Sanrith Descartes
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No lie. I remember the days of a "wild day on Wallstreet" when the DJIA moved 40 or 50 basis points. A move over 1% was a call for "markets in turmoil" from CNBC. Today? el-oh-el
Sanrith Descartes
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Sold some $12.50 strike puts on TRIT expiry of 1/15. $1.10 premium. I like the company and own the stock. Im ok adding on at $11.40 if I get assigned.
Sanrith Descartes
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3x lately I have tried to start a position in CRM and 3x I have missed by pennies. Missed today by 6 cents. Maybe its fate.
Sanrith Descartes
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Nasdaq had 10 straight green days. Think that was a record for the year. Gotta bleed some now.
Sanrith Descartes
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Borzak
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The more NASDAQ and tech goes down, the more energy goes the other direction. I fail to see what is driving it at this point other than hopes for a new stimulus, who knows.
Investor of Exxon published a letter they wanted an entire new board to go all in on carbon capture. Hmmm. Last major project I did was carbon capture one. $1 billion and that was 6 years ago and the only thing that made it feasable on paper were the liquid they used to capture was pumped into the ground and later sold to be used in fracking....It hasn't even worked as of yet, let alone be worth the money. But hey the feds paid for part of it.
Investor of Exxon published a letter they wanted an entire new board to go all in on carbon capture. Hmmm. Last major project I did was carbon capture one. $1 billion and that was 6 years ago and the only thing that made it feasable on paper were the liquid they used to capture was pumped into the ground and later sold to be used in fracking....It hasn't even worked as of yet, let alone be worth the money. But hey the feds paid for part of it.
Sanrith Descartes
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This is the nail on the head. Its truly the one area where China has an edge over us. Their leaders are all technocrats. While our leaders are lawyers and bartenders, theirs are all Engineers and scientists. Our Congress just spends money on shit that anyone with half an ounce of Stem training can look at and go... Nope. But since they are getting free gubmint money to fail at this shit they just shrug and take it.