OT: Stock trading

[UConnSwag11]

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.

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.

 

[UConnSwag11]

the stock market is fully dependent on the fed and stimulus (bailouts).

 

[the Q]

the stock market is fully dependent on the fed and stimulus (bailouts).

Absolutely not a fan of them propping it up. Taking all my bargains away. I miss getting PRU for 44 lol

 

[HuskyHoosier]

Absolutely not a fan of them propping it up. Taking all my bargains away. I miss getting PRU for 44 lol

Oh god PRU at that price with that dividend was a gift from god. That and Broadcom at like 160 were great buys. In hindsight back up the truck, home equity etc load ups.

 

[UCPharma11]

surprising because some of the Alt Coins aren't following suit. Not sure why?

I think there are many outflows out of alt coins currently and going forward into BTC. Stimulus checks will further be deflationary i think (only 600 per person) that should further go into markets but mostly BTC i would imagine. I think eventually Precious Metals will see inflows from all other equities and i speak of the physical stuff mainly.

 

[the Q]

Oh god PRU at that price with that dividend was a gift from god. That and Broadcom at like 160 were great buys. In hindsight back up the truck, home equity etc load ups.

Thanks to absurdly ridiculous and overreaching Roth contribution rules it wasn’t able to be that much

 

[Slasher]

UAVS is on fire today... and I can't figure out a reason why. Loving it though, bought it at $2.42

 

[Zionn]

Nice to see $UAVS end a week at $4. I've been in a loooooooong time. Nice to see it end a week up. This was always a long play, but still feel this will be HUGE in the future.

Same w/. IPOC - if anyone saw my reply, a few up from yesterday, and jumped in - fun day (w/. much higher to go)

 

[ct06111]

IPOC is clover health right? which is a medicare advantage clone?

I got some IPOB late which will be $OPEN starting Monday. See what happens with this one. Any one already using Opendoor for real estate?

 

[Zionn]

Yes. Clover.
IPOB was great for me - rolled it into IPOC but good luck with the ticker change. Monday should be fun.

 

[AAC Guru]

IPOC is clover health right? which is a medicare advantage clone?

I got some IPOB late which will be $OPEN starting Monday. See what happens with this one. Any one already using Opendoor for real estate?

I like Chamath palihapitiya a lot. Currently only 1 percent of real estate transactions are done online so there’s a massive opportunity in the space and opendoor could fill it.

 

[UConnSwag11]

US Floats Long-Dreaded Plan to Make Crypto Exchanges Identify Personal Wallets

FinCEN has proposed requiring exchanges to collect and report KYC information on unhosted wallets for transactions up to $10,000.

www.coindesk.com

 

[Kemba'sYogurt]

Maybe a silly question, but is Tesla worth throwing some money into and holding for the next 10-15 years? I'm 19 and would like a nice long term play.

 

[UConnSwag11]

No surprise there. Really really sucks. The banks and investment firms finally get in and then this gets put out there

 

[JohnFSilver]

the stock market is fully dependent on the fed and stimulus (bailouts).

This is closer to the truth than anyone is willing to accept. 0-.25% fed funds rate has led to an asset bubble. Add in massive government spending. This spring and massive tax cuts, and the only place that makes sense to put your money is in equities.

money is so cheap, and the market prices in fed stimulus whenever it contracts.

Right now, consumer discretionary is in a darn recession and the only way to help is massive stimulus.

 

[JohnFSilver]

Maybe a silly question, but is Tesla worth throwing some money into and holding for the next 10-15 years? I'm 19 and would like a nice long term play.

Imo. Yes. Tesla is more than a car company. It is a battery company. Cutting edge work is fine in their high capacity batteries. Revolutionary company.

 

[JohnFSilver]

Absolutely not a fan of them propping it up. Taking all my bargains away. I miss getting PRU for 44 lol

Problem is the current climate is that stock market= good economy.

That is far from the truth, but people feel better about things when the 401ks increase.

Markets, as a result of that, take on a greater importance than it should.

 

[the Q]

Problem is the current climate is that stock market= good economy.

That is far from the truth, but people feel better about things when the 401ks increase.

Markets, as a result of that, take on a greater importance than it should.

But it isn’t their job to prop up 401ks. But that’s a higher level conversation than this thread. But I’m a fan of the fed

 

[huskyinfl]

I've made a list consisting of ACB, KERN, APHA, ARNA, CGC, CRON, and TLRY so far. I'll be researching more about these stocks and others

TCNNF

 

[Jaker]

You talking about NXT?
[/QUOT



NO, the ticker is $NXTD, which is NXT-ID inc. It already popped, tripled my money on it.

 

[tiger8mush]

NO, the ticker is $NXTD, which is NXT-ID inc. It already popped, tripled my money on it.

Still a good buy at current $1.38?
(did you sell, or u holding in anticipation of more increase?)

 

[Jaker]

Still a good buy at current $1.38?
(did you sell, or u holding in anticipation of more increase?)

I swing trade, so I sold all my shares, will consider re-entering if it holds this support 1.25-1.30 level, also depending on what BTC does.

 

[tentoes4rings]

We should do a fun little contest naming our one stock for the following week. I’ll go with SE (Sea Ltd). Recently working through a secondary offering but I expect it to roar another 10% soon. If not this week it will be very soon.

 

[UConnSwag11]

We should do a fun little contest naming our one stock for the following week. I’ll go with SE (Sea Ltd). Recently working through a secondary offering but I expect it to roar another 10% soon. If not this week it will be very soon.

$NNDM

 

[JohnFSilver]

But it isn’t their job to prop up 401ks. But that’s a higher level conversation than this thread. But I’m a fan of the fed

Fed is first there to control inflation. Greenspan tried to deflate the irrational exuberance of 2000 tech with raising interest rates.

Fed can use monetary policy to spur economic growth out of a recession , and that is the dominant theory these days and what is going on. But, they should be unconcerned with the market if it is functioning correctly. Right now, the market is on a fed sugar high. That is a consequence of fiscal stimulus, but propping up the market wasn’t the goal of the stimulus.