OT: Stock trading | Page 34 | The Boneyard

OT: Stock trading

Scot-e said:
LINK if you are going to trade it - is a sell before a pull back in the 20s. Or so I’m told. It could just stall and then continue into 30s. These projects with no trading history are hard to guess tops and bottoms. I’m just going long and expect it to be at least $60 at some point down the road. ( I have friends who say $100-300-, hope they are right).
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I got some under 16 today
 
Tenspro2002 said:
How do folks feel about ETFs?

I was hesitant to guess on individual picks and didn't feel like spreading around pennies to a whole bunch of stocks, so I put a few grand in a couple of ETFs: Ark Innovation (ARKK) and Direxion WFH.

ARKK is 10% TSLA, 7% SQ, and a dozen or so others. Was up 3.5% today.
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ETFs can be great. One of my better investments when I started out was SMH. I bought in the 70s and now is in the 170s.
 
rip7774 said:
Arkk funds are really innovative. A lot of smart people on FinTwit are interested in what ark is buying, that tells me all I need to know about their legitimacy as I’ve been on fintwit for over a decade and weeded out the frauds or never get a trade wrong types.
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I’ve been keeping my eye on ARK funds for a few weeks. I think it’s a great long term play. I’ll probably start adding shares of ARKK into my portfolio in the near future or pick a few of my favorites out of ARKK’s top 10.
 
OTRK is red hot today, DRIO doing well too. For people who missed out on LVGO, look at these two.
 
DRIO has an interesting chart today, nice pop at the open, then a bunch of shorts and chop was in play until the afternoon session. If it drops back to the $18.50-18.60 level I may take a long position out.
 
I am also looking at another block of RKT which has been steadly climbing out of it's IPO hole.
 
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Jaker said:
DRIO has an interesting chart today, nice pop at the open, then a bunch of shorts and chop was in play until the afternoon session. If it drops back to the $18.50-18.60 level I may take a long position out.
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I was trying to figure out at one point this morning how I was up as much as I was. Then I realized I doubled up on DRIO the other day, lol. Scary to be buying shares you don’t remember and not even having the luxury of blaming it on drinking.
 
UConnMatt813 said:
Thoughts on buying TSLA or AAPL before their splits?
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I’ve discussed this with a few people recently and at this point I really don’t know. I added significantly to my TSLA last Friday at 1630 for that exact reason. It was hard to imagine anyone selling prior to the split but now that they’ve already run up so much this week, I can’t say with conviction it’s a great idea to add here, especially with Fridays being so rough lately. Tesla does have a likely inclusion into the S&P though soon which typically lifts a stock even more but a lot of people think that might be priced in already.

i do have a question though for people experienced with splits. The date people need to be in Tesla is this Friday the 24th to receive the split on the 31st. But what happens with shares purchased next week? Thanks.
 
Thoughts for tomorrow guys? Has been an amazing week for tech stocks. I sold about 25% of my stuff today to lock in profits ahead of a potential typical Friday sell off. Futures are up, I’m surprised market is going as strong as it is this week.

Also, LINK Marines, any guesses on where this thing bottoms out? Plan to hold longterm but it’s down over 20% this week.
 
tentoes4rings said:
Thoughts for tomorrow guys? Has been an amazing week for tech stocks. I sold about 25% of my stuff today to lock in profits ahead of a potential typical Friday sell off. Futures are up, I’m surprised market is going as strong as it is this week.

Also, LINK Marines, any guesses on where this thing bottoms out? Plan to hold longterm but it’s down over 20% this week.
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I bought some more LINK when it got to under 16 the other day. Didn't realize it would hold steady since then.
 
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No one is going to sell Tesla before battery day coming up. It’s going to continue to rise IMO but I do think it is being overvalued a bit and could see a little fall afterwards
 
Alibaba is a stock I think is going to rise. They fell a little today after earnings report but their earning report showed great signs
 
methodology said:
Alibaba is a stock I think is going to rise. They fell a little today after earnings report but their earning report showed great signs
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That’s been the trend though recently that most high growth stocks have sold off after earnings, even if they knocked It out of the park. SE and a few others have been the exception. I picked up extra shares of TSLA last week and kicked some out today after a 250 pt gain. My thinking was nobody would sell either approaching the split but I kept my purpose in mind and took some profit. Battery day and likely S&P inclusion should help but it’s getting tougher and tougher to justify a 1000 P/E ratio.
 
I am tempted to take another position in CODX, I think it hit its bottom today.
 
What are your thoughts on Sorrento (SRNE)? I bought it a few weeks ago at $11 and saw it gain incredible traction to $20 and then I'm under the impression there was a very suspect article that someone at Hindenburg research came out with that plummeted the stock back to around $11.
 
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I bought Carnival cruise lines last month. Got a tip (Brother In-Law GRRR) that the Saudis put $2 billion in the company. Carnival is down 10% since I bought it. LOL. Luckily it was just playing around with money and nothing that I will miss.

MY FSA goes...I would not have recommended that.
 
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HanDurley said:
What are your thoughts on Sorrento (RNE)? I bought it a few weeks ago at $11 and saw it gain incredible traction to $20 and then I'm under the impression there was a very suspect article that someone at Hindenburg research came out with that plummeted the stock back to around $11.
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Stocks like SRNE, NVAX, INO are super volatile and totally dependent on treatment breakthroughs, gov't funding etc. I'm in and out of them periodically at this point....I'm always reading Yahoo Finance for insight and tips, but it's an area full of land mines, so tread carefully....
 
HanDurley said:
What are your thoughts on Sorrento (SRNE)? I bought it a few weeks ago at $11 and saw it gain incredible traction to $20 and then I'm under the impression there was a very suspect article that someone at Hindenburg research came out with that plummeted the stock back to around $11.
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I am sitting on 300 shares fo SRNE, bought it at $10.45, I think this $10 level is the bottom, "hopefully"
 
This market is going to start to tank very soon. Best to take some profits and set some cash aside to buy low on the dip. I expect we’ll see a 10-15% drop in the market from now until the election.
 
Got in
Hurleyman216 said:
This market is going to start to tank very soon. Best to take some profits and set some cash aside to buy low on the dip. I expect we’ll see a 10-15% drop in the market from now until the election.
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I’ve been expecting it for a while but fortunately it was a huge week for me after two very rough ones. Tech always seems to be down on Fridays so I sold off about 25% yesterday. Bought a bunch more Amazon today but otherwise I do think I’ll sell into strength Monday or Tuesday if it presents itself.
 
Hurleyman216 said:
This market is going to start to tank very soon. Best to take some profits and set some cash aside to buy low on the dip. I expect we’ll see a 10-15% drop in the market from now until the election.
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Gold will be king- but you can also buy into sable coins ( crypto)- lock in higher value of dollar now trade out later.
 
Scot-e said:
Gold will be king- but you can also buy into sable coins ( crypto)- lock in higher value of dollar now trade out later.
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My metal stocks have been doing great
 
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I think all of the crypto's blockchains will do well in the coming months as people shift their portfolio's in anticipation of Nov. 3rd
 
Timing the market is a fools game, but my gut says this thing is going to snap, and snap hard.

So, being the fool, I'm over 1/3 cash and USTs.
 
BackAftaThis said:
These stocks are all taking OFF premarket. Have to wait for the inevitable sell off.
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Some days you can just sense the early rally isn’t going to hold. I had that feeling this morning with an eye on liquidating some stuff but quickly my gains were cut in half and then it was decidedly negative. Fund managers seem to be in agreement though that they want to remain in equities while rates are so low so we may not see this massive correction so many people have been calling since May,
 
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