C.H.O.M.E. posted:

time to put all my money into penny stocks

crazypeltast52 posted:

I sold out of my TSLA call today, paid for both options, so the put is just chilling as a lottery ticket for the next tweet/interview.

greasyhands posted:

Buying some GIS today to hold forever

Leperflesh posted:

It's neat that you can see the seasonal pulse of housing prices in that line.

Also, The CPI's failure with regards to tracking housing costs is nicely illustrated by that chart, in that the huge spikes in housing cost clearly aren't affecting the CPI, when they definitely should.

Syrinxx posted:

I don't even understand what the actual gently caress is going on with $TLRY

spb posted:

shame on an IGA posted:

I want to play major supply disruptions in pork and softwood pulp products, what do?

insider posted:

Any thoughts on X Financial IPO tomorrow (XYF)?

Chinese finance company, has been growing fast, but I'm not sure what to think. Only reason I'm even looking at it is because of all these other Chinese IPOs popping off right away before cooling off.

greasyhands posted:

So here's a fairly simplified version of what is going on with TLRY (and really other weed stocks too, but especially TLRY)

TLRY has a very small float of around 18mil shares, it is not a scam but it is super amateur hour.its basically some potheads with a few lawyers. I've been digging through the 10Q and its riddled with typos and inaccuracies.

That aside, TLRY is 82% owned by a third party called "Privateer holdings". Privateer has 92% of the voting power.

Privateer holdings owns all of the class 1 stock (16,666,667 shares, which, depending on where you look in the 10k either has 3 votes per share or 10... it literally says both at different places) and 58.3mil of 76.4mil class 2 shares (1 vote per share). They originally had 75mil class 1 shares, but those shares convert to class 2 when they are sold to anyone other than a very select few insiders at Privateer- even if they are just transferred to someone else within Privateer. Its not clear when exactly that happened, but thats how Privateer ended up with ~17mil class 1 and ~ 58mil class 2 (notice that adds up to 75mil)

There were also 8mil preferreds which converted at the time of the IPO to class 2 shares. I didnt dig deep enough to figure out who owns them.


So theres currently 76.4million shares of class 2 stock. The IPO was only ~10mil of these, plus 8 million convertible preferred shares converted(as mentioned above). The rest are held by Privateer, so the MAXIMUM float is 18million shares (IPO plus 8mil converted preferreds)- the actual number of shares out there being actively traded is probably significantly lower than even 10 million (the number of shares sold during the IPO). Meaning, just a couple of days ago when the shares were at $100, the effective tradeable market cap was only about $1billion (or less), which could wildly swing based on nothing but retard money.

This is how meme stocks happen, and how all the retards eventually get slaughtered. What is happening right now is all the Privateer guys are staring at each other with their mouths agape, trying to figure out how to dump their shares in the most advantageous way possible and make billions off of a tiny medical marijuana and cannabis oil shop that has literally no proprietary value.

Have fun everyone, this is just slightly more sophisticated bitcoin

greasyhands posted:

So here's a fairly simplified version of what is going on with TLRY (and really other weed stocks too, but especially TLRY)

TLRY has a very small float of around 18mil shares, it is not a scam but it is super amateur hour.its basically some potheads with a few lawyers. I've been digging through the 10Q and its riddled with typos and inaccuracies.

That aside, TLRY is 82% owned by a third party called "Privateer holdings". Privateer has 92% of the voting power.

Privateer holdings owns all of the class 1 stock (16,666,667 shares, which, depending on where you look in the 10k either has 3 votes per share or 10... it literally says both at different places) and 58.3mil of 76.4mil class 2 shares (1 vote per share). They originally had 75mil class 1 shares, but those shares convert to class 2 when they are sold to anyone other than a very select few insiders at Privateer- even if they are just transferred to someone else within Privateer. Its not clear when exactly that happened, but thats how Privateer ended up with ~17mil class 1 and ~ 58mil class 2 (notice that adds up to 75mil)

There were also 8mil preferreds which converted at the time of the IPO to class 2 shares. I didnt dig deep enough to figure out who owns them.


So theres currently 76.4million shares of class 2 stock. The IPO was only ~10mil of these, plus 8 million convertible preferred shares converted(as mentioned above). The rest are held by Privateer, so the MAXIMUM float is 18million shares (IPO plus 8mil converted preferreds)- the actual number of shares out there being actively traded is probably significantly lower than even 10 million (the number of shares sold during the IPO). Meaning, just a couple of days ago when the shares were at $100, the effective tradeable market cap was only about $1billion (or less), which could wildly swing based on nothing but retard money.

This is how meme stocks happen, and how all the retards eventually get slaughtered. What is happening right now is all the Privateer guys are staring at each other with their mouths agape, trying to figure out how to dump their shares in the most advantageous way possible and make billions off of a tiny medical marijuana and cannabis oil shop that has literally no proprietary value.

Have fun everyone, this is just slightly more sophisticated bitcoin

greasyhands posted:

Correct

greasyhands posted:

Correct

Rocks posted:

hi everyone. just wanted to share my story. i put $3,000 into an etrade account around January 1 of this year as a way to learn stocks (i was completely new) and to have some fun with learning something new and maybe make money. my first picks were like $GOOG and $BB. I was even bullish on $HMNY lmao.

anyway lots of money lost later, as of today i'm up 9.5%, see above my positions, i'm pretty happy with it so far. lots still to learn, including "when to sell" (haven't gotten there yet) and margin calls (who even knows if i'll ever get there, don't have the time). if anyone else is new or wants to learn from my mistakes, i've probably learned the following lessons the most:

- fees can kill you
- the less you watch the better
- small caps more fun than large caps
- index funds can probably make better returns than active investing
- can't time the market
- research before you buy
- use robinhood instead of etrade

my general tips to find good stocks are as follows:
- find companies with small caps
- find companies where you understand how they make money
- find companies that consistently beat earnings
- find companies where you understand their growth strategy
- find companies with solid and competent management

even if one of the following can't be met, try to stay away... otherwise you might as well go to a casino (that's why i stay away from $TSLA IMHO)

if anyone wants book recommendations, I plowed through 4 or 5 stock market books before i started investing, the best was Peter Lynch's "ONE UP ON WALL STREET" and Jason Kelly's "THE NEATEST LITTLE GUIDE TO STOCK MARKET INVESTING"

anyway thanks for reading and thanks goons for the help along the way. feel free to AMA i guess cheers

Harry Potter on Ice posted:

share an example of a custom screener of yours and what is your next hot stock

Risky Bisquick posted:

Here is my hot tip. If you aren't beating SPY, buy SPY.

Risky Bisquick posted:

Here is my hot tip...you aren't beating SPY, buy SPY.

Rocks posted:

not sure if this is a joke but i see a lot of upside in esports, so invest in that somehow


fair enuf

Rocks posted:

- fees can kill you
- the less you watch the better

greasyhands posted:

Lmao it hit 300, I liquidated my whole account and sold more calls into that holy poo poo

Edit: whole "gently caress you money" trading account

Edit: halted, finally

hostile apostle posted:

Dude, not worth it. The market can stay irrational longer than you can stay solvent. You can't reliably win on these sorts of things, it's all about timing that is literally impossible to predict.

Don't touch the poop