Discussion ***Official*** 2021 Stock Market Thread

[FelixDeCat]

I'm still down $279.11 on my BYSI put, Felix.

I may have to retire under a bridge somewhere.

I had to give up on that one. The shorts are completely convinced the FDA will reject their drug. The stock is now 75% sold short!!!

Currently its about $16, and decision date is no later than November 30th. If it gets rejected for lack of testing in America (mostly tested abroad), then you could be looking at a $2 stock or lower. I would suggest getting out now.

Its a shame too. Supposedly the drug eliminates the need for chemotherapy for certain types of patients.

Worst case they spend another year or two doing tests in America and stock goes back up from $2?

edit: The FDA has dont a lot of crazy things lately, like approve Biogens controversial Alzheimers drug. Assuming BYSI's drug pulls off a miracle and gets approved, I wonder what a stock with a 75% short ratio will open up at? I had to give up though, I figure too many people with experience watching the FDA are confident on rejection.

 

[dasherHampton]

lol Target price of $55. I guess I should just flush it.

 

[FelixDeCat]

People are predicting a $100 premarket for DWAC. Others see $50.

Will be fun to watch.

 

[FelixDeCat]

Up 100% again (premarket) from yesterdays 350% gain.

 

[woodman1999]

Still holding a small bit of BYSI as a lottery ticket in case things do work out. It would be a bummer for it to drop but I'd just chalk it up as another black eye in a long list of them.

DWAC may attract more sponsors than you think. People will pay attention because they support him or loathe him and that means eyeballs on ads.

 

[FelixDeCat]

PHUN up 1,200%

Now that is the greatest 1 day increase ever seen!

 

[ponyo]

Tesla!

 

[FelixDeCat]

Tesla!

Too bad I did not keep that one. Last quarter I bought at $665 and sold a few bucks higher. 90 days later is $900+.

How high can it go?

 

[ultimatebob]

Too bad I did not keep that one. Last quarter I bought at $665 and sold a few bucks higher. 90 days later is $900+.

How high can it go?

It's still needs to go up by another 2 1/2 times to catch Apple and become the world's most valuable company. I think that they need to start shipping Cybertruck in volume before they're going to get there, though.

 

[FelixDeCat]

You could have bought PHUN for $2 the night before. I was tempted to buy 100 shares for fun, but passed. It was up already 100% when I noticed it (went from one dollar to two dollars). The next day.....$24, with a $9 closing price.

After hours a PHUN executive was interviewed and said they are not involved with DWAC but expect big gains in sales this quarter. The stock sold off on the news. Probably opens at $6 on Monday.

 

[IGBT]

Im going to post this here for your enjoyment. Please, do not laugh. I shed a tear.

This morning I was watching shares of DWAC. It was up 20% premarket on the start of a social media site for the former president. While a 20% move is not "that" great, I have gotten burned way too many times on SPACs, especially when the deals are first announced.

I bought 1,000 shares premarket at the 20% premium price of $12.23 and then had second thoughts and sold them quickly at $12.30, it then quickly fell to $11.90. I patted myself on the back and thought I was lucky.

When the stock opened it was roughly $13, up 30%. I was watching it waiting for a pullback. It was VERY wild jumping all over the place, up and down with wide swings. I thought the best it would be was up 50% on the day, maybe $15. I did not buy back in.

When the damn thing broke through $20, I could not help it and bought 1,000 shares for a quick flip. I set a modest ask of only 50 cents ($500) and the shares were quickly taken from me. Now the stock was up 100%!!

But then it hit $25, $35 and finally closed at $45, up nearly 400%.

I was busy all day at work and every time I checked up on it, I was shocked at the newer high price. Normally the worthless market makers will park at stock and keep it there all day long, but they lost total control of the price despite several halts.

Just for fun, I bought 10 shares after hours at $45, and sold them a few minutes later for $47.

The damn thing hit $70 dollars after hours, up nearly 600%!!!

In all my years of trading, I dont think I've ever seen a stock up 600% (on a non otc stock) in one day.

How many "taxable events" did you create for your self in all this buy / sell activity??

 

[FelixDeCat]

How many "taxable events" did you create for your self in all this buy / sell activity??

Excuse me sir, this is a casino.

 

[ponyo]

Too bad I did not keep that one. Last quarter I bought at $665 and sold a few bucks higher. 90 days later is $900+.

How high can it go?

I bought more TSLA shares when it dipped to $600 and $500 ranges earlier this year and sold bunch of $700, $600, and $500 puts expiring this December and Jan 2022 during the panic dips at fat premium. I also sold Jan 2022 $1,400 and $1,500 covered calls for fat premium when the stock was trading near $900 earlier this year in late Jan and early Feb. And I purchased June 2023 TSLA $1,000 call options after Tesla AI day after I saw the full extent of Tesla's AI ambition. I was super impressed with Tesla AI day, and I encourage anyone who haven't seen it to watch it on Youtube.

I haven't sold single TSLA shares this year. I only bought more. I have zero intention of selling any TSLA shares anytime soon. My goal is to hoard as many TSLA shares as I can and buy more on any major dip, not to sell. That would be foolish as I think TSLA share price can more than double in the next 5 years and more than triple in the next 10 years from current level.

Elon said this about FSD, and I agree with him 100%.

https://twitter.com/x/status/1450868052040507392

Full Self Driving is worth trillions by itself. And the day Tesla solves FSD, it's going to change the world and TSLA shares will again go on another crazy parabolic run. IMO, FSD is easily worth $1,000 to $2,000 a share by itself. I'm 99% sure Tesla will solve FSD before anyone and that will eventually push Tesla stock to $5,000+ /share in the next 10-20 years.

 

[brianmanahan]

as someone who can't drive all the time, FSD would be a life changer because i could live anywhere i want

never been able to buy a house where i want because if i stop being able to drive, i stop being able to go to work and go to the store

though i have considered looking for a full remote job because those are becoming more common

 

[IGBT]

Excuse me sir, this is a casino.

If you think the stock market is gambling...not only do you fail to understand gambling...you fail to understand the markets. Do you feel lucky??

 

[FelixDeCat]

If you think the stock market is gambling...not only do you fail to understand gambling...you fail to understand the markets. Do you feel lucky??

I'm supposed to make money in the stonk market?

 

[dasherHampton]

I decided to see if I could make a quick few bucks off of the AVIR collapse. Sold a $15 put for next April and got around $470 for it (AVIR currently sits just under $13).

If it works out that's a 30% return in just over 6 months.

 

[manlymatt83]

Is anyone in HFEA (UPRO/TMF)?

 

[ultimatebob]

I'm supposed to make money in the stonk market?

I would be hardpressed to call "investing" in AMC or GME at this point anything BUT gambling. There is zero justification for their prices right now besides /r/wallstbets trying to screw over the hedgies who are shorting it.

 

[ponyo]

Historic day for Tesla stock price. Tesla hit $1 trillion market cap for the first time and joined the US elite short list with Apple, Microsoft, Amazon, and Google. Tesla is now #5 on that list.

But this is just beginning for Tesla. We're in the early innings of the EV, stored energy, and AI revolution. We still haven't had iPhone 4 moment with EV. The path to multi trillion and the most valuable company in the world will have many ups and downs but Tesla won't be denied. Tesla is once in a generation company and stock. Ignore the noise and keep accumulating TSLA shares. Tesla is going to change the world.

 

[brianmanahan]

Is anyone in HFEA (UPRO/TMF)?

i enjoyed reading hedgefundie's excellent adventure, at least until he ragequit lol

it was tempting but after partaking in a couple past "sure things" that didn't pan out, i decided to just keep things simple. (well except for the couple grand i have in crypto haha)

my small value tilt is enough for me and i might even get rid of that in a decade or two.

 

[FelixDeCat]

Historic day for Tesla stock price. Tesla hit $1 trillion market cap for the first time and joined the US elite short list with Apple, Microsoft, Amazon, and Google. Tesla is now #5 on that list.

But this is just beginning for Tesla. We're in the early innings of the EV, stored energy, and AI revolution. We still haven't had iPhone 4 moment with EV. The path to multi trillion and the most valuable company in the world will have many ups and downs but Tesla won't be denied. Tesla is once in a generation company and stock. Ignore the noise and keep accumulating TSLA shares. Tesla is going to change the world.

Congrats!

 

[FelixDeCat]

BKKT, buy @ 33 sell at 47

Edit: Dang, sold too soon, missed extra $7k just 30 mins later.

 

[Red Squirrel]

I sold ALL of my Gowest Gold stocks at a lost of $1,000. That one hurt. I gambled on that one from the start, but it's been stagnant for years now so I felt it was time to pull out. I put it all in Victoria Gold. I am $1,500 ahead with that one. Sell low, buy high! That's basically what I did.... lol.

I'm still making money with AMC... I should have bought more. I bought 1 for the lulz back when it was a meme. I did not figure it would double.

 

[ultimatebob]

I sold ALL of my Gowest Gold stocks at a lost of $1,000. That one hurt. I gambled on that one from the start, but it's been stagnant for years now so I felt it was time to pull out. I put it all in Victoria Gold. I am $1,500 ahead with that one. Sell low, buy high! That's basically what I did.... lol.

I'm still making money with AMC... I should have bought more. I bought 1 for the lulz back when it was a meme. I did not figure it would double.

Didn't you hear? Bitcoin is the new Gold!

That said, I still like Coinbase stock better. It doesn't matter if crypto goes up OR down, they still make a fortune with their overpriced commissions.