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adnam posted:Thanks for all the replies on penny stocks. While I'm slightly (read: not) glad for his success, he's a bit of an insufferable brat who managed to get into medical school somehow and mentions it every 5 minutes. At this point it's probably a lesson best learned on his own.
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Mar 5, 2014 05:33
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I own HART because they were spun off of HBIO. I have no idea why they are up 107% over the last few days, or why they are up 40% today. I plan on keeping it as they were free shares, but I have no clue as to why the sudden and dramatic climb. What am I missing?
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Mar 5, 2014 20:13
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YeahDavidLeeRoth posted:I own HART because they were spun off of HBIO. I have no idea why they are up 107% over the last few days, or why they are up 40% today. I plan on keeping it as they were free shares, but I have no clue as to why the sudden and dramatic climb. What am I missing? The newsletters from Sykes and his disciples are all over this one today I think. At least according to some of the stuff I am seeing on twitter. You may want to consider selling and buying back in once the hype is over.
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Mar 5, 2014 20:37
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YeahDavidLeeRoth posted:I own HART because they were spun off of HBIO. I have no idea why they are up 107% over the last few days, or why they are up 40% today. I plan on keeping it as they were free shares, but I have no clue as to why the sudden and dramatic climb. What am I missing? When it comes to stocks, nothing is ever free.
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Mar 5, 2014 21:28
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YeahDavidLeeRoth posted:I own HART because they were spun off of HBIO. I have no idea why they are up 107% over the last few days, or why they are up 40% today. I plan on keeping it as they were free shares, but I have no clue as to why the sudden and dramatic climb. What am I missing? The fact that you got them from being spun off probably shouldn't change how you think about the shares.
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Mar 5, 2014 22:16
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YeahDavidLeeRoth posted:I own HART because they were spun off of HBIO. I have no idea why they are up 107% over the last few days, or why they are up 40% today. I plan on keeping it as they were free shares, but I have no clue as to why the sudden and dramatic climb. What am I missing? It was announced toward the end of trading on Monday that they'll be releasing financial results for the fourth quarter and last year. Biotech gets people excited.
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Mar 5, 2014 23:29
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alnilam posted:Still pissed I sold PLUG at 3.5, still realize I'd have been crazy not to I've staid in since 0.14 and I'm so far past my target I can't decide when to exit. It's a nice dilemma to have, but it's still a dilemma.
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Mar 6, 2014 00:57
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P0PCULTUREREFERENCE posted:I've staid in since 0.14 and I'm so far past my target I can't decide when to exit. It's a nice dilemma to have, but it's still a dilemma. Love these stories. How much did you buy at 0.14?
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Mar 6, 2014 00:59
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Not much, I'm small-time and this is among my first trades.
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Mar 6, 2014 01:17
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P0PCULTUREREFERENCE posted:I've staid in since 0.14 and I'm so far past my target I can't decide when to exit. It's a nice dilemma to have, but it's still a dilemma.
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Mar 6, 2014 03:20
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cowofwar posted:Sell it all you dumb dumb. Don't trade known gains for potential gains. It's statistically unlikely and especially so because it's a penny stock. Hadn't heard about it at all so I just looked the info up - the market cap is up to $800M. At what point does something cease to be a penny stock? Edit: though I agree with the sell sentiment. Dr. Eldarion fucked around with this message at 03:55 on Mar 6, 2014 |
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Mar 6, 2014 03:53
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Dr. Eldarion posted:Hadn't heard about it at all so I just looked the info up - the market cap is up to $800M. At what point does something cease to be a penny stock?
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Mar 6, 2014 06:54
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Anyone else been enjoying AVAV? I bought back in July and it's been a nice ride. I'll probably be holding on to it in the long term. 30% market share for unmanned aircraft and a deal to work with Lockheed Martin bodes pretty well for the future when the national airspace opens up to drones in November 2015.
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Mar 6, 2014 10:00
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cowofwar posted:Whoops, confused two active conversations. Yeah, not a penny stock but it's biotech so sell it and take your winnings because biotech is gambling. I wouldn't buy biotech stocks and I have a PhD in biochemistry. Biotech as a field has done incredibly well over the last year. While I will agree with you that buying individual biotech stocks is gambling, I own a biotech ETF that is up over 50% in the last 12 months. With significant diversification even high-volatility fields are very investible.
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Mar 6, 2014 15:56
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P0PCULTUREREFERENCE posted:I've staid in since 0.14 and I'm so far past my target I can't decide when to exit. It's a nice dilemma to have, but it's still a dilemma. I'm in a similar spot with Fannie Mae. Not to your scale, but I bought in at 1.30 and it's around 5 now. I've pretty much decided I'm comfortable running it into the ground.
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Mar 6, 2014 19:10
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Bought some SINA calls yesterday, hoping for momentum towards a Weibo IPO
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Mar 6, 2014 21:45
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bathhouse posted:Bought some SINA calls yesterday I bought some around 68 when it gapped down a little over a week ago. Trying to figure out whether to sell or not 
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Mar 6, 2014 21:47
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hoping for momentum towards a Weibo IPO
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Planeshifter2 posted:Biotech as a field has done incredibly well over the last year. While I will agree with you that buying individual biotech stocks is gambling, I own a biotech ETF that is up over 50% in the last 12 months. With significant diversification even high-volatility fields are very investible.
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Mar 6, 2014 23:08
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I don't have ability to PM so I thought I'd mention that the goon's guide to day trading (pineapplewatch.com) link in the OP is dead. 
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Mar 6, 2014 23:16
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https://www.facebook.com/notes/divine-pharaoh/a-scenario-for-a-utopian-society/939453186184 (USER WAS BANNED FOR THIS POST)
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Mar 7, 2014 04:07
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Edit: Whoops, replied to stupid thing. On topic: I'm feeling unambitious (except Potash!), and feel like the market is headed for some sideways. Does it make sense to park in some Covered Call ETFs (was looking at QYLD for example)? Or do they suck in ways I'm not thinking of? jmzero fucked around with this message at 04:52 on Mar 7, 2014 |
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Mar 7, 2014 04:42
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So what is the long-term expansion plan for PLUG? The CEO seemed absolutely jubilant in talking about the company today (even taking into account that the stock has skyrocketed). Read a little about the range-extending addition to electric vehicles, but the information is pretty sparse. How does that work? Cost? How much weight does it add? Much of their literature really plays up the zero emissions bit without really playing up any cost savings, so I'm scratching my head a bit about why it would be so attractive.
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Mar 7, 2014 17:56
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AMD hitting $4.02. Buy below $4 sell above!
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Mar 7, 2014 20:56
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MrBigglesworth posted:AMD hitting $4.02. Buy below $4 sell above!
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Mar 7, 2014 21:05
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don't hshit on biotech all.... .LD
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Mar 7, 2014 21:09
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SuppressdPuberty93 posted:don't hshit on biotech all.... .LD
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Mar 7, 2014 21:38
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cowofwar posted:You have sufficient confidence in the company to make that swing trade in case the shares don't recover as expected? Why not swing trade a stock that has better long-term prospects? If you want to make a bet that the new console generation will be big but don't want to bet on SNE or MSFT, where else should you throw your money? Not that that's terribly related to a strategy of swing trading AMD between $3.50-$4.
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Mar 7, 2014 23:01
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If you want to bet on consoles, putting money into Microsoft or Sony is a pretty bad idea either way. Both companies have WAY too many unrelated things that could make or kill the stock. The only "pure" console play is Nintendo, but nobody should bet on them right now since they completely hosed up with the Wii U. If you want to go after gaming, better to buy the companies making games instead. (though they usually suck too)
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Mar 7, 2014 23:14
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quote:AMD hitting $4.02. Buy below $4 sell above! I'm not super keen on AMD's mid term prospects, thought that was a pretty common opinion... and I can't find any news or thoughts that would explain their jump up (I understand this isn't exactly historic highs for AMD, but still it seems odd). I usually rely on Google finance and a couple random blogs for this kind of news, but I'm not seeing anything. I hate not being in on the secret. What good news sources do people use regularly?
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Mar 7, 2014 23:17
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Dr. Eldarion posted:If you want to bet on consoles, putting money into Microsoft or Sony is a pretty bad idea either way. Both companies have WAY too many unrelated things that could make or kill the stock. The only "pure" console play is Nintendo, but nobody should bet on them right now since they completely hosed up with the Wii U. Ubisoft has been on a TEAR since they dropped like 20% that one day when the delayed Watch Dogs, up over 50%.
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Mar 7, 2014 23:20
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cowofwar posted:Sell it all you dumb dumb. Don't trade known gains for potential gains. It's statistically unlikely and especially so because it's a penny stock. I like lurking this thread, especially because I don't really have enough money to dick around too much in the market but I've seen this kind of sentiment posted repeatedly and I don't understand it. Why would you let past winnings change future bets? There seems to be a lot of advice to lock up gains when you get them. A stock's profitability should have nothing to do with how much you've made or lost previously. Why does this thread seem so far off in attitude from most other gambling activities, such as poker?
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Mar 8, 2014 00:29
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quote:A stock's profitability should have nothing to do with how much you've made or lost previously. "Betting this stock is undervalued at $1" isn't the same as "betting this stock is undervalued at $2". The bet has changed, regardless of how an individual has done with it in the past. VVV: Sorry, yes, I wrote a bunch of bullshit and then deleted it because it was stupid and I don't remember what point I was trying to make. jmzero fucked around with this message at 01:25 on Mar 8, 2014 |
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Mar 8, 2014 01:12
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jmzero posted:"Betting this stock is undervalued at $1" isn't the same as "betting this stock is undervalued at $2". The bet has changed. Weird I went to quote and your whole post changed! I understand that, you reassess the profitability of the position. There's a lot of sell it, you've made your money and no one ever went broke locking up profits type posts made, rather than rationally looking at the current investment and determining if it is profitable itself.
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Mar 8, 2014 01:24
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It's a fair point but at the end of the day seeing a 200% return or whatever over a short period is an extremely rare event. Unless you believe price action is a random walk made up of a series of independent events, the gambling fallacy doesn't really hold. It's not completely unreasonable for someone to advise you to lock in gains after a huge return like that. From an empirical perspective, if you assume low skew (ie constant volatility, constant risk) of the asset's price then if you see a 200% rise in price then there is a high probability you will see a large correction as well.
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Mar 8, 2014 01:44
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Bashez posted:Weird I went to quote and your whole post changed! There's no way to rationally determine if a price will go up, or down - only that the current price is either two high or two low for a given security. Even this is impossible with most companies these days because they trade at such inflated prices relative to their earnings and assets. With that in mind, by holding onto a position, you are simply rolling the dice again to see if it will become even more overvalued, with the risk that the market will come to it's senses (it usually does) and you'll end up losing both your gains and potentially your initial investment.
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Mar 8, 2014 02:23
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skull wall posted:I don't have ability to PM so I thought I'd mention that the goon's guide to day trading (pineapplewatch.com) link in the OP is dead. You can still use the link with archive.org to get the guide.
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Mar 8, 2014 02:46
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Hey dudes, I'm trying to get into options trading. Long calls only, at least for now. I'm having issues understanding orders. Example close order from my broker's website: code:So I could start a position at a specified strike price and expiration with Call, Buy and Open. Seems straightforward. To end it, I'd use Call, Sell and Close. Questions -What would closing a position I don't own do? (ie Call, Buy, Close) Spit out an error like trying to sell a stock long you don't own? -Why do you need expiration and strike price for closing a position like this? Don't you specify it when you open? What will changing those values do? Do they need to match what you opened it with? Is it just to correlate with your original order if you opened multiple ones on the same symbol? Dominoes fucked around with this message at 20:34 on Mar 8, 2014 |
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Mar 8, 2014 20:30
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Dominoes posted:Questions If you sell a call contract that you do not already own, then you will have written and sold a new contract and will be short the position. You need to specify the strike and expiry because how are they supposed to know if you're trying to sell a contract you are long or are trying to write a new contract?
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Mar 8, 2014 20:58
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DNova posted:If you sell a call contract that you do not already own, then you will have written and sold a new contract and will be short the position. Isn't shorting the position, or writing a new contract Call, Sell, Open? (not Call, Sell, Close)
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Mar 8, 2014 21:19
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Dominoes posted:Isn't shorting the position, or writing a new contract Call, Sell, Open? (not Call, Sell, Close) Yes, that's true. Are you trying to use their API? I suppose this is a question you'd really have to ask your broker.
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Mar 8, 2014 21:23
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