Investing General Discussion

Khane

Khane

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Nikola looks set to go nuts this week on the badger orders opening up. Call me a cynic but I find the hype hilarious since, as far as I know, there isn't even a working prototype for it.
 
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Khane

Khane

Got something right about marriage
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TJT said:
Did you buy any?
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Nah. I'm not a trader, I don't buy individual companies. I'm an ETF/Index Fund guy. I just like to watch from the sidelines and converse about it. What is happening with that stock right now seems like pure madness to me.

It was up to $61 at one point. $61 for a company that hasn't delivered even one vehicle yet.
 
Sanrith Descartes

Sanrith Descartes

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Khane said:
Nah. I'm not a trader, I don't buy individual companies. I'm an ETF/Index Fund guy. I just like to watch from the sidelines and converse about it. What is happening with that stock right now seems like pure madness to me.

It was up to $61 at one point. $61 for a company that hasn't delivered even one vehicle yet.
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Its trading very odd this morning on the options side. I saw it spike pre-market and planned to buy some Puts. At the open I bought 25 strike puts Jun 19 expiry for 40 cents. A couple hours later the stock spiked again and I was thinking well, maybe I'll add some and dollar cost average down. I look at the screen and I am up like 30%. This is backwards. I should have been down 50% with the stock price going up. I stopped scratching my head and sold for the quick 30% profit.

Only thing I can figure is options pricing got caught underestimating the movement at the open and the pricing adjusted after I bought. Super high volatility stocks get very squirelly.
 
Sanrith Descartes

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Also on NKLA, its become one of the Robinhood favs to trade. I see the volume swings when the FOMO jump on it. 22m shares trades so far this morning. For reference QQQ has only traded 15m.
 
Sanrith Descartes

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Sanrith Descartes said:
What CHK this morning (Chespeake Energy). We are to be witness to a vicious short squeeze today. 39% of the float was shorted and the stock is up 75% in the premarket. The people shorting those 3.5m shares are about to experience some God awful anal raping. Based on the premarket price those shorts are losing about 65m so far.
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CHK spiked up at 219%. Currently halted for trading volatility. The shorts are getting annihilated. Looks like loss for the shorts of 185m based on the 3.5m shares sold short.
 
Sanrith Descartes

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NKLA up 91% today. Up 33$ a share. Gives them a market cap around 30 billion with no sales. I'd love to explain this one but it is beyond my comprehension. SMH.
 
Sanrith Descartes

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Khane said:
Isn't Hertz bankrupt? What's going on there?
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tenor-2.gif
 
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Indyocracy

Indyocracy

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Sanrith Descartes said:
NKLA up 91% today. Up 33$ a share. Gives them a market cap around 30 billion with no sales. I'd love to explain this one but it is beyond my comprehension. SMH.
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I had taken your advice but sold out around $33 for like a 30ish% profit the regrets lol
 
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Ravishing

Ravishing

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STONKS keep going up after hours. Love it. Kicking myself i didn't dump my life savings in :D

Up 120% with CCL and 100% with RCL
 
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antha124

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Ravishing said:
STONKS keep going up after hours. Love it. Kicking myself i didn't dump my life savings in :D

Up 120% with CCL and 100% with RCL
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Yep. Holding 200 CCL at $10.50 and 300 NCLH at $10.00 avg costs. I invested prob 15k worth of stonks in various companies 4-6 weeks ago. Really paying off now.
 
Big Phoenix

Big Phoenix

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See NASDAQ set all time high...

AMD down for the day and also down 11% from its ath...

538.jpg
 
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