OT: Stock trading

[Matrim55]

Thoughts on your BLSP? Looks promising. I saw a $20 price target?

Yeah I bought more at the end of the day when it dipped. It might be a 20-bagger or it might be a pump-and-dump. Hard to say!

Also check out SXOOF. It’s a Canadian mining company that has a bunch of great patents around lithium extraction (key for batteries), and their president is Pelosi’s son. Already ran a bunch this month but I suspect this is going to be bought out at a very nice price by one of the big boys.

 

[J187Money]

Anyone have an opinion on Bumble's IPO tomorrow? I've heard people say buy it. Is it better than other dating apps?

I used to work in the industry - I haven't spent much time looking at Bumble - but I think any serious pop is going to be about buzz and not numbers.

The dating industry is super hard to grow in and user acquisition is expensive - and when the product works you lose the customer. Match (IAC) has done this better than anyone over the years. I might dig in and look at the data, but from what I know about the industry I am not excited about it.

 

[Dogdeacon]

Anyone have an opinion on Bumble's IPO tomorrow? I've heard people say buy it. Is it better than other dating apps?

Definitely has an interesting backstory comin of tinder lawsuit, Russian co-founder - now owned by Blackstone. Know next to nothing beyond anecdotes but like fundamental concept akin to old bar/nightclub, get the girls in and the men will surely follow. Subscriptions look strong vs others but not sure of any growth story (EDIT: as JMoney says above, although they do have friend making networking functions bizz & bff to kinda address that & I could see women being loyal).

 

[husky429]

Any recommendations for an online broker? I'm backing out of Robinhood and anyone else that restricted GameStop trading after the fiasco earlier this month. Doesn't sit right with me even though I wasn't involved.

No fees ideally, easy of use and market research that is easy to read is important to me.

Use it for mostly mutual funds, ETFs, but occasionally dabble in penny stocks when I get bored during the summer.

Any advice?

 

[tiger8mush]

Any recommendations for an online broker? I'm backing out of Robinhood and anyone else that restricted GameStop trading after the fiasco earlier this month. Doesn't sit right with me even though I wasn't involved.

No fees ideally, easy of use and market research that is easy to read is important to me.

Use it for mostly mutual funds, ETFs, but occasionally dabble in penny stocks when I get bored during the summer.

Any advice?

tdameritrade has worked great for me and I'm a newbie.

only minor complaint is sometimes when i upload money from my bank i can't use it right away on certain "volatile" (under $5?) stocks for the first couple days or something.

 

[Peacefrog]

I've used TD Ameritrade and its predecessors for years and don't have any complaints. We'll see if anything changes now that Schwab bought them. I don't pay any fees for equity purchases and fees for options are fairly typical. They also give me free access to a broker/adviser whenever I want it. I'm not close to retirement but he's run a bunch of simulations for me for planning purposes.

 

[98Uconn]

For those far more knowledgeable than me...is SNDL more likely to be a Reddit driven pump and dump or a legitimate asset to hold?

 

[Da_Aisijimo_Gou]

.

So today I sold off a bunch of stuff to eliminate margin.

Not for the same reason, but sold some mutual fund units held for a long time in IRAs. Ridiculously up + pricey compared with EFTs with similar objectives. Also, cashed out TLRY up $55. Thanks reddit pumpers. May buy some APHA after it dips.

 

[J187Money]

Any recommendations for an online broker? I'm backing out of Robinhood and anyone else that restricted GameStop trading after the fiasco earlier this month. Doesn't sit right with me even though I wasn't involved.

No fees ideally, easy of use and market research that is easy to read is important to me.

Use it for mostly mutual funds, ETFs, but occasionally dabble in penny stocks when I get bored during the summer.

Any advice?

Robinhood did that because they were going to run out of money. Wasn't nefarious. That's why they went out and raised a ton of capital.

 

[J187Money]

For those far more knowledgeable than me...is SNDL more likely to be a Reddit driven pump and dump or a legitimate asset to hold?

Short term P&D for sure.

 

[UConnSwag11]

Any recommendations for an online broker? I'm backing out of Robinhood and anyone else that restricted GameStop trading after the fiasco earlier this month. Doesn't sit right with me even though I wasn't involved.

No fees ideally, easy of use and market research that is easy to read is important to me.

Use it for mostly mutual funds, ETFs, but occasionally dabble in penny stocks when I get bored during the summer.

Any advice?

Fidelity

 

[Gutter King]

A couple of good buys on the OTC that dipped today:

FDVRF
DPLS
BLSP (mentioned previously)

Took longs on FDVRF and BLSP. Added position to DPLS.

 

[HooperScooper]

I used to work in the industry - I haven't spent much time looking at Bumble - but I think any serious pop is going to be about buzz and not numbers.

The dating industry is super hard to grow in and user acquisition is expensive - and when the product works you lose the customer. Match (IAC) has done this better than anyone over the years. I might dig in and look at the data, but from what I know about the industry I am not excited about it.

Seems like there's money to be made from advertising on the site that Bumble doesn't do much of right now. Anything to do with dating (e.g. restaurants, flowers, candy, etc.) would seem to have a good audience to take advantage of.

 

[HuskyHawk]

Fidelity

I second this. But if you have a 401k or other retirement account, where is it? A full functionality brokerage and financial services provider becomes increasingly valuable over time. If your 401k is at Vanguard, I'd go to Vanguard (by way of example).

 

[XLCenterFan]

For those far more knowledgeable than me...is SNDL more likely to be a Reddit driven pump and dump or a legitimate asset to hold?

I would say a little bit of both. It's a legit company that is trying to do real business, but it has also recently garnered the attention of the Wall Street Bets crowd (among other weed "stonks"). I bought a bunch of it at .60 and sold it all at open this morning. Once it became super trendy and had that ridiculous run the past few days, I knew it would be tanking today.

 

[huskyinfl]

Vanguard is owned by it's customers which I value. Plus they protect you from your self by being boring.

 

[huskypantz]

I bought 12,000 shares of CTRM at .42 cents, now up to .75, this baby is going to $2.00!!

Almost hit 2 bills today - thanks for this. I bought in well after you but I made a few bucks off it. Big day today, even with an after hours cooldown.

 

[Jaker]

I like Fidelity or Lightspeed for trading.

 

[Jaker]

Almost hit 2 bills today - thanks for this. I bought in well after you but I made a few bucks off it. Big day today, even with an after hours cooldown.

You are welcome!. I want you to deal with your problems by becoming rich!!

 

[Jaker]

Shippers are going to be bullish all year, maybe the best sector for 2021.

 

[LIuconn]

What companies do you rec in shipping

 

[UConnDad]

Any recommendations on short term plays today?

 

[UConnSwag11]

@Matrim55 how did you get $BLSP? Fidelity doesn’t allow it

 

[Caronimo]

Major League Football, Inc. (MLFB)

High Risk High Reward penny stock. Could pop on news of a schedule and brand awareness. Anyone in this or know about it?

 

[Jay-Bone]

Jaker is taking a ship to the moon today.