OT: Stock trading | Page 117 | The Boneyard

OT: Stock trading

ct06111 said:
OPEN finally moving
TRCH up 20% today
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I've considered buying Opendoor recently and I think it will do well but I own Redfin which is in the same space. Its up 220% in the 8 months I've owned it. I think these companies are going to seriously disrupt the residential real estate market.

If I was selling my house today I would look at both these companies without a doubt. Thousands to tens of thousands in savings with the same or better service, easier transactions and the option of i-buying.
 
Peacefrog said:
If I was selling my house today I would look at both these companies without a doubt. Thousands to tens of thousands in savings with the same or better service, easier transactions and the option of i-buying.
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Perceived savings & convenience, but both companies also toss out inexplicably low ball offers which are non-competitive even if paying agent, inspection, etc fees in our homes current markets. If we were selling, we know the similar home values being sold in a day with multiple bids above asking prices with limited to no inspections. For sellers, Redfin and OpenDoor likely make more sense in other areas and times.
 
Da_Aisijimo_Gou said:
Perceived savings & convenience, but both companies also toss out inexplicably low ball offers which are non-competitive even if paying agent, inspection, etc fees in our homes current markets. If we were selling, we know the similar home values being sold in a day with multiple bids above asking prices with limited to no inspections. For sellers, Redfin and OpenDoor likely make more sense in other areas and times.
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If I were buying I'd expect a discount on homes not listed with a 'market' local brokerage company and likewise if buying or selling would expect a premium for a major listing firm/agency. So the question on the selling side is can the agent you choose earn that big commission (its insane that commissions are still 6% here as prices skyrocket) or can you bargain with them using the internet listing sites as leverage? I'm not following at all, but I'd bet where I live in suburbs of Boston 90% of sales are conventional brokers & they are getting a 10% premium plus likely selling 99% of homes over say $600K.

Home buying & selling is pretty emotional & complicated so I see a utility for brokers on both sides. However if I was an agent I'd be independent, use one of the online firms and charge half of what the brokerage companies do (the 'house' averages 50% of fees from their agents depending on experience). Will the best agents start selling with that type of hybrid model?
 
Da_Aisijimo_Gou said:
Perceived savings & convenience,
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Honest question, how do you perceive the savings as being perceived? In the case of Redfin, they charge less and get competitive prices for the homes they sell (I can't remember where I saw the numbers but they were actually averaging a slightly higher selling price). This did not include i-buying where you would expect to perhaps get a lower price in lieu of paying all the fees. If the savings and convenience are not real why are these companies growing by leaps and bounds? Again, honest question. I really think in a period of 5-10 years things are going to change a lot.
 
Peacefrog said:
Honest question, how do you perceive the savings as being perceived?.
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Simple math. At current home prices, neighbors put 4 houses on the market, 2 paid 6% traditional agent fees in 2 cases, paid inspectors, 1 sold by owner, 1 with lower fee minimal service broker, and each received multiple bids above asking prices and still netted markedly more than the Redfin and OpenDoor low ball quotes received in the last 3 weeks. Done. All things are not equal for all sales.

Both companies serve a purpose and will likely continue changing traditional RE sales/buys, but their offer data is not perfect. Simple math.
 
Da_Aisijimo_Gou said:
Simple math. At current home prices, neighbors put 4 houses on the market, 2 paid 6% traditional agent fees in 2 cases, paid inspectors, 1 sold by owner, 1 with lower fee minimal service broker, and each received multiple bids above asking prices and still netted markedly more than the Redfin and OpenDoor low ball quotes received in the last 3 weeks. Done. All things are not equal for all sales.

Both companies serve a purpose and will likely continue changing traditional RE sales/buys, but their offer data is not perfect. Simple math.
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Got it but I think I was talking about it from a different perspective. I wasn't comparing Opendoor or Redfin's I-buying quotes to a traditional agent sale. I would certainly expect those quotes to be lower because they have to turn around and sell the house and make money doing so.

With Redfin you can also have them sell it in a traditional fashion albeit with lower fees and they handle the inspections etc... to make things easier. The data I saw and again, I don't recall the source (and maybe it was Redfin #'s which could be biased), showed that in apples to apples situations, Redfin achieved a higher sales price than traditional agents. Also, in regards to higher priced homes, Redfin's activity with $1M+ homes grew 30% year over year. I like Redfin in this space because they offer many options from I-buying to traditional sales. One aspect where I have some concern is that their agents are on salary versus commission. I want to understand what their motivation is to achieve a higher sales price (although it appears as if it is happening).
 
Got a coworker who has been playing the penny stocks pretty hard.

He's pumping up HCMC as a breakout from pennies up to $3/share.

Anyone hear anything on this beyond Google search?
 
Chin Diesel said:
Got a coworker who has been playing the penny stocks pretty hard.

He's pumping up HCMC as a breakout from pennies up to $3/share.

Anyone hear anything on this beyond Google search?
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Right now they're embroiled in a lawsuit vs. Philip Morris. Most expect PM to settle. Once that happens, the price/share of HCMC should skyrocket.

Yahoo put a price target of $6. I grabbed myself half-a-million shares for fun, but IMO this all smells like the mother of all pump-and-dumps.
 
So today I sold off a bunch of stuff to eliminate margin. Had the enjoyment of pulling my remaining investment out and leaving in just my profits over past 11 months, what a relief. Of course in the process I sold off 60% of DMTK which then proceeded to go up 16 after hours! Haha.
 
Matrim55 said:
How do you feel about INUV?


Jaker said:
The 15 min chart for the past month looks "bullish", but choppy. Earning tomorrow, still did not test the January high of $.2.34 Will have to see how the Q1 earnings are. The technology is probably not understood by most investors, not that that matters, I would wait and see if it retest $1.60 level before buying. Volume has been just "ok" at roughly 14 million. If you already own it, hold for sure and see how it plays out this week.
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Pretty much went as I thought, bounced off $1.62 and is now rangeing. Don't see this stock taking off yet until there is real catalyst, earnings underwhelming. Even the pop at the open was luke warm, although the entire market sold off for about an hour.
 
Anyone have an opinion on Bumble's IPO tomorrow? I've heard people say buy it. Is it better than other dating apps?
 
tiger8mush said:
@UConnSwag11
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@UConnSwag11

MVIS:
Coming back for a thank you one more time, +54% AH. At what point are you cashing in though? Stupid to buy more on a dip tomorrow?

I’m still very new to trading and wife isn’t thrilled with me playing around with (extra) cash with first child on the way, so I only went 30 shares at avg $12 (put an extra $350 ea. into SNDL and OGI last week though so I can’t complain with the last 24 hrs 😊). Wish I didn’t heed to her ire, even though my “I told you so” across the board was a nice win tonight lol.
 
UConn Do It4 said:
@UConnSwag11

MVIS:
Coming back for a thank you one more time, +54% AH. At what point are you cashing in though? Stupid to buy more on a dip tomorrow?

I’m still very new to trading and wife isn’t thrilled with me playing around with (extra) cash with first child on the way, so I only went 30 shares at avg $12 (put an extra $350 ea. into SNDL and OGI last week though so I can’t complain with the last 24 hrs 😊). Wish I didn’t heed to her ire, even though my “I told you so” across the board was a nice win tonight lol.
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Lol thanks. I am no financial advisor, But don’t put yourself in a bad position with the wife and kid.

I’m not sure how high it can go. I’m sure the market is going to come down at some point, maybe take the profits and save them? Or take the profits and invest in some other stocks like VISL, an index fund like SWPPX, or an ARK etf? Depends on what you want. I’m sure better equipped posters can help out.

Btw, check the $ SNDL price right now
 
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