OT: Stock trading | Page 61 | The Boneyard

OT: Stock trading

Hurleyman216 said:
Their arguments are dumb. I don’t use Robinhood, but don’t judge anyone who does. The state of MA is trying to say that most Robinhood investors are too inexperienced to trade stocks and shouldn’t be allowed to trade. I could say the same about most hedge fund managers that make 7 figures and don’t have a clue what they’re doing and some of them are working for major firms.

There are many who have said that the new younger crowd of investors is very into data, reading charts and looking at financials, so the truth lies somewhere in between I think
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Agreed. I think it’s bc Robinhood has allowed people to bypass traditional investing firms. The average guy can get them into the market and invest how they want, in what they want. It’s made the market act differently than what investors are used to. The younger crowd listens to podcasts, subscribes to newsletters, etc. They’re not dumb.

the same crowd MA is going after can go purchase unlimited lotto tickets and scratch offs
 
Chin Diesel said:
Anyone find GE interesting?
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Loved it at $5.50. Not sure where goes from here though, bounce came a year earlier than I expected when I picked it up, viewed as loooooong term hold at a cheap price. [It's not lost on me how utterly unhelpful this reply is to your question, and for that, I apologize]
 
Well I finally chose my next stock... I went with QuantumScape. A little riskier than I'd like for this amount of money, but lots of strong investors and seemingly a ready customer (VW) once they're ready for production.
 
Woodson said:
Loved it at $5.50. Not sure where goes from here though, bounce came a year earlier than I expected when I picked it up, viewed as loooooong term hold at a cheap price. [It's not lost on me how utterly unhelpful this reply is to your question, and for that, I apologize]
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Actually helpful.


I too would have liked it at $5-$6. At $11 I am confident it will still go higher, just not sure how much higher and how long it will take.
 
Here is the thing with cannabis, the market is oversaturated with growers, the price has been in decline for awhile. Out here on the West Coast everyone grows. I know people that used to grow large quantities but have gotten out of the business because of the amount of competition. And what happens if a company like Phillip Morris decides to focus on it instead of cigs??
 
Slasher said:
Well I finally chose my next stock... I went with QuantumScape. A little riskier than I'd like for this amount of money, but lots of strong investors and seemingly a ready customer (VW) once they're ready for production.
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excellent pick. Will add

PANW
Unity
TWLO
CHWY
Microstrategy
 
Chin Diesel said:
Anyone find GE interesting?
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Stay away. What business is profitable now that aerospace is in recession?

Disastrous move to Boston, disastrous strategy. This isn’t your dad’s GE. I see them unwinding at some point and back to an aerospace pure play.

Power has been an absolute money sucker. Love the company, have close family that work in it. The financials are brutal.
 
Feeling good about me buying carnival at $14. Wish I got the entire hospitality industry at the depressed levels.
 
JohnFSilver said:
Stay away. What business is profitable now that aerospace is in recession?

Disastrous move to Boston, disastrous strategy. This isn’t your dad’s GE. I see them unwinding at some point and back to an aerospace pure play.

Power has been an absolute money sucker. Love the company, have close family that work in it. The financials are brutal.
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I work in Gas Power. We’ve been having a pretty decent year actually. COVID has not impacted the power business as bad as we thought.
 
Chin Diesel said:
Actually helpful.


I too would have liked it at $5-$6. At $11 I am confident it will still go higher, just not sure how much higher and how long it will take.
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One I picked up yesterday was salesforce (CRM), likely long term hold that I had my eye on for a while. Watched for couple weeks after took hit after they bought slack, couple of analysts I follow upgraded then while some others saying they overpaid. Ticked up a little today but could be worth looking into if see it drop again
 
Woodson said:
One I picked up yesterday was salesforce (CRM), likely long term hold that I had my eye on for a while. Watched for couple weeks after took hit after they bought slack, couple of analysts I follow upgraded then while some others saying they overpaid. Ticked up a little today but could be worth looking into if see it drop again
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Great company with a bright future still. I also couldn’t resist getting in at 220 after the Slack news. Sold some the other day as I think near term it might lag other tech stocks for a bit, but it’s a great longterm hold for sure, nice buy.
 
Minicoop69 said:
surprising because some of the Alt Coins aren't following suit. Not sure why?
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Woke up way too early so I’ll chime in.
The reason the Alt coins are not doing as well as a group compared to BTC this time around is because the majority of fiat inflows into the market are looking at BTC as a store of value vs a investment. A gold alternative to keep it simple.
Previously it was FOMO driving the whole asset class up.
There is not yet the perception that other crypto assets ( the Alts) can be relied on as a store of value like BTC and much of the buying has come from large companies and hedge funds which is relatively new to the crypto market on this scale.
I guess the good news is that there are opportunities in the Alts because there is still a need for the market to mature enough to be seen as “ stable “ as BTC.
 
Scot-e said:
I guess the good news is that there are opportunities in the Alts because there is still a need for the market to mature enough to be seen as “ stable “ as BTC.
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Compared with other cryptocurrencies, perhaps BTC's 16K to 19 to 17 to 19 to 18 to 19 to 21 to 23K swings in just 4 weeks and recent massive volume spikes and valleys reflects relative stability vs volatility. Ahead of a possible Coinbase IPO and the IRS cryptocurrency ownership query update (either Yes or No) on page 1 of 1040 and no longer on Schedule 1), Coinbase CEO's comments yesterday were interesting. To the guy's credit, reasonable company CYA 'tis not foolish.
 
Da_Aisijimo_Gou said:
Compared with other cryptocurrencies, perhaps BTC's 16K to 19 to 17 to 19 to 18 to 19 to 21 to 23K swings in just 4 weeks and recent massive volume spikes and valleys reflects relative stability vs volatility. Ahead of a possible Coinbase IPO and the IRS cryptocurrency ownership query update (either Yes or No) on page 1 of 1040 and no longer on Schedule 1), Coinbase CEO's comments yesterday were interesting. To the guy's credit, reasonable company CYA 'tis not foolish.
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Yes to both as being helpful.
BTC will correct to downside again- and when it does it will establish a higher bottom then last time- move up back up towards its last peak. The volatility is now seen as less of a downside risk with a greater chance of it pushing the price higher in the future.
Having to identify yourself as an investor to the IRS moves the process forward toward greater adoption. Coinbase and Gemini’s owners are both multi billionaires and need to “CYA” before the government does something else to it. :)
 
MP - supposedly the "picks and shovels" play relative to electric vehicles. Very nice rise today - they were on Cramer's Mad Money show last night - the video is available on YouTube for viewing.
 
Scud49 said:
MP - supposedly the "picks and shovels" play relative to electric vehicles. Very nice rise today - they were on Cramer's Mad Money show last night - the video is available on YouTube for viewing.
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Got in today myself. They took over the assets and Mountain Pass mine of a former client of mine, Molycorp. Molycorp was very poorly run but under this new group and with EV so hot I love the potential of this company. Big day for FUBO today and my top recent pick CRNC. I’ve mentioned CRNC for weeks, hope some of you got on board.
 
UConnSwag11 said:
Agreed. I think it’s bc Robinhood has allowed people to bypass traditional investing firms. The average guy can get them into the market and invest how they want, in what they want. It’s made the market act differently than what investors are used to. The younger crowd listens to podcasts, subscribes to newsletters, etc. They’re not dumb.

the same crowd MA is going after can go purchase unlimited lotto tickets and scratch offs
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I don’t know anything about the suit, sounds like Maura Healy with her usual nonsense. Wasting my taay dollars.

But I have to ask why do people use Robinhood? I had an online trading account back in the 90s. Cost me nothing and trades were cheap. At Fidelity my trades are now free. But it’s not as if the online brokers are charging much.
 
HuskyHawk said:
I don’t know anything about the suit, sounds like Maura Healy with her usual nonsense. Wasting my taay dollars.

But I have to ask why do people use Robinhood? I had an online trading account back in the 90s. Cost me nothing and trades were cheap. At Fidelity my trades are now free. But it’s not as if the online brokers are charging much.
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The interface is great and it's very user friendly. Very simple to use and does have some nice features when you're on your home page and when you search. I just switched to Fidelity and I'm not the biggest fan of the app and webpage. There's a lot more going on and more to offer, but it seems as if it was created with old software and was never updated.
 
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