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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: AroundtheSon]
#26986661 - 10/15/20 09:11 AM (3 years, 3 months ago) |
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I bought a position in Aphria today. It's down big today and looks like it should be profitable within a couple of quarters. That is usually when I like to get into these more speculative companies, when they are reasonably going to achieve profitability within a year. It's a really conservative mindset, but I can't throw money at shit that is just burning cash like an Uber and they have some distant thought about profitability. Beneath the stock tickers are actual companies and I still believe that revenue, earnings and balance sheets will matter again. Even if that isn't the current mindset.
The quick flip gains have already been made and lost in the weed stocks, but they are about to become like a real profitable industry, so that's why I bought in. I want to hold it for 3-5 years.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
Chief Globerts


Registered: 07/28/10
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#26986673 - 10/15/20 09:22 AM (3 years, 3 months ago) |
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Buy solar today
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#26986677 - 10/15/20 09:24 AM (3 years, 3 months ago) |
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I work in renewable energy. It's going really good, but I like to stay diversified away from where my paycheques come from in case it suddenly doesn't go so good in a hurry.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
Chief Globerts


Registered: 07/28/10
Posts: 22,532
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#26986712 - 10/15/20 09:49 AM (3 years, 3 months ago) |
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Huh thought u were in tar sand. I'm pretty sure biden is in barring any kinda seriously insane shit and there's going to be some kind of big business favored green new deal. All these stifling retaliatory tariffs and revocation of subsidies will vaporize and indeed I believe the entire industry will be ironed out and restructured. I've always said that all it will take is for solar panels to become just that much more efficient and all of a sudden its a major utility provider. What other new tech may come down the pipe or even what that kind of shift would mean for some of these individual companies is hard to say though.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#26986767 - 10/15/20 10:24 AM (3 years, 3 months ago) |
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Been watching a goofy little Canadian stock called Electrameccanica Vehicles Corp (SOLO). As you can guess, they are gunning for a piece of the electric vehicle market. They allegedly have $2 billion in preorders (although these require minimal to zero down payment) and expect to start deliveries before the end of the year. If a lot of those preorders commit to purchase, with a current market cap at a paltry $200 million, the stock could have some really good upside. Since it popped above its 50 day moving average on huge volume this week, I am attempting to sell November $2.50 puts at $0.35 rather than chase the pop. That would either let me keep the $0.35/share at November expiration if the stock stays above $2.50, or give me a cost basis of $2.15/share, which is a price I'd be willing to hold a spec position at and subsequently sell calls against to continue generating income.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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CHeifM4sterDiezL
Chief Globerts


Registered: 07/28/10
Posts: 22,532
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26986922 - 10/15/20 11:54 AM (3 years, 3 months ago) |
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Where are they selling these things that little go-kart isn't gonna sell in North America.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#26987393 - 10/15/20 04:39 PM (3 years, 3 months ago) |
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I build windmills now. Its the cheapest way you can make power without subsidies. They don't need a big grand deal or anything, the writing is on the wall for oil and gas. We just need another 5 or 10 years to be able to build enough of them to get to that 20% renewable portion on the grid and maybe some big HVDC lines that run from the midwest to the coasts.
It's kind of like the Enron problem. All those people had all their retirement funds in the company stock. They got fired when the company went bust and the company stock went to zero. They got double fucked. I own a utility that does a lot of wind power, but I stay away from the company stock even though I believe in it.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts] 1
#26991968 - 10/18/20 08:12 PM (3 years, 3 months ago) |
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I threw in an order to buy some Nintendo on their ADR. I think the new Mario Kart Live: Home Circuit is going to be the toy of Christmas and it's the perfect toy for suburban kids with an unfinished basement.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Brian Jones
Club 27



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27024298 - 11/06/20 02:32 AM (3 years, 2 months ago) |
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Canopy went up 11.14% today.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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AroundtheSon
Learning to See



Registered: 01/11/07
Posts: 4,427
Loc: Midwest.
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27025854 - 11/06/20 10:58 PM (3 years, 2 months ago) |
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Check out the chart this month!!
Edited by AroundtheSon (11/06/20 10:58 PM)
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BattyKoda
WCA President



Registered: 09/11/17
Posts: 8,021
Loc: Boof Hard Or Go Home
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: AroundtheSon]
#27028959 - 11/08/20 05:13 PM (3 years, 2 months ago) |
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Currently reading through this thread now!
I currently have a traditional IRA and I'm about to start a 401k with my job who will match 6% I think.
I have a grand I wanted to use to get my feet wet in the market. I wanted to go for stocks with dividends mainly and roll the commission back into purchasing more stock. Any suggestions?
I'm a complete newbie but I have been reading and thought these may be good: Coca cola Pfizer Johnson and Johnson Apple
Mutual funds from my bank since I have access to low cost ones if I open my portfolio with them.
I've been warned not to invest in banks. Does that mean invest with banks or dont have banks open your portfolio?
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  A Man Must Learn To Sail In All Winds. RIP ModestMouse & Big Worm
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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: BattyKoda]
#27029768 - 11/09/20 08:26 AM (3 years, 2 months ago) |
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I'm so mad... UAL shot up 25.5% this morning so I popped in to sell... Schwab shut down their online and app trading systems, not allowing their customers to sell during this morning of high gains... They also weren't answering their phones. They wouldn't allow the sell until it went back down to +15%. I put my order in, but isn't reporting as sold yet. I wonder if they got caught holding previous sells to skim on sells...? Either way, I'm moving everything to Vanguard as soon as everything executes.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: automan]
#27031570 - 11/10/20 12:36 PM (3 years, 2 months ago) |
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What in the world? That seems like BS that an exchange can be unable to provide trading during an active market...
Anyways, Geo,I bought SOLO after reading your post about it, and so far so good . Would you sell at any point or is this a buy and hold in your opinion?
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27031732 - 11/10/20 02:19 PM (3 years, 2 months ago) |
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Hey mick, if you believe that the company's preorder commitments will convert to actual orders, you could hold on a bit longer, as it would in my view drive the price markedly higher. However, you have a good trade on your hands, and you don't want it to turn into a loss. I would keep a sell stop on at least 50% of your position below today's intraday low of $3.18. The stock should absolutely not break below $2.70 in order to maintain a constructive uptrend, but as an absolute line in the sand, that's over 20% below the current price, which is a bit too wide for a stop (and where the stock might actually find support after a quick break), hence why I would place the stop under today's selling climax @ $3.18.
In the future, if you see one of your stocks have a stupid huge day like SOLO did on 11/5, it's generally good practice to implement a sell stop on at least a portion of your position immediately. I like to see what the stock does the day after such a big day, and use that day's low as my stop. Then if I'm not taken out the next day, I raise the stop to that day's low, and so on, day after day, until you are forced to trim back your position by virtue of the fact that the maximum selling pressure finally eclipsed the prior day's selling pressure, indicating that buyers are losing enthusiasm and sellers are getting more aggressive. In the case of SOLO, that would have triggered your partial sell stop this morning at around $3.60. Because the stock stabilized in the middle of its daily range after a pretty deep test of the 11/5 breakout, that lends further credence to using today's low of $3.18 as your line in the sand.
Of course, if you like the story, you don't have to sell it all. Just don't let a profitable trade turn into a loss.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27031780 - 11/10/20 02:45 PM (3 years, 2 months ago) |
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Awesome, thank you for the bit of widsom there especially regarding stops. Will certainly use that strategy moving forward!
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27035286 - 11/12/20 01:33 PM (3 years, 2 months ago) |
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Hey mick, congratulations on the SOLO trade, up another 30% today! I never got my fill selling those puts, so I unfortunately sat this one out, but I'm happy you got a good one on your hands. With today's huge move after an already impressive couple of weeks, I would take some of your position off of the table going into the close, or on any pop tomorrow morning, say 33-50% worth, and then set a stop at today's low of $3.77 for the rest. If you want to let this play out long term, just leave the final stop at $3.77, but frankly, I would probably ratchet up a second sell stop on half of my remaining position to each day's subsequent low, until I'm taken out of another chunk of the trade. This one went really fast, and while it can be tempting to think it'll keep going, you do still want to protect your profits.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27036554 - 11/13/20 08:07 AM (3 years, 2 months ago) |
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Boy howdy, another 50% move this morning on SOLO. Rare to catch such a move. Definitely be trimming a little bit here above $7. At the very least, remove your original cost basis. Keep another stop below this morning's open @ $5.24.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27039233 - 11/14/20 05:55 PM (3 years, 2 months ago) |
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Hey Geo, thank you! It was really nice to catch a wave like this in such a short period of time. I took your advice to take profits, though missing the high of 7.30, was completely out at 6.01, (buy at 2.64). If there is a significant move downwards I would consider repositioning, well see. Thank you again for your guidance with this one 
Am sitting on a few other positions that have more or less gone sideways (CCL, EPD, ET) which I cant yet justify exiting- though with further countywide lockdowns looking like a possibility im not too confident in any good coming from them anytime soon. I know this is also narrative street but am wondering what incentive Trump has to help prop markets up now that he is on his way out. Not sure if stimulus/Fed intervention will be a thing before Biden takes over, which makes me wary of staying long in much of anything right now.
current postions:
BA C CCL EPD ET RHHBY RKT VZ
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27039602 - 11/14/20 09:37 PM (3 years, 2 months ago) |
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BA - Looks encouraging. Keep a full stop at $172. On a break above $195, place a partial position stop at that day's low and keep ratcheting it up.
C - Same technical setup. 200 day moving average is obvious resistance, but the recent break above the 50 day makes it attractive. Full stop at $46.26.
CCL - Not my cup of tea. For a long term high flier on vaccine hopes, sure, might be worth a shot. But I wouldn't commit big. Maybe grab a few long dated options to sit on and not worry about. Ties up less capital but still keeps you exposed in case there is a miracle exit to the COVID crisis.
EPD - Similar to BA and C... 200 day moving average as resistance. Full stop @ $16.92.
ET - On a technical basis, this should not be owned. Chart is firmly in the penalty box (lower right corner). Well defined downtrend, with the 20 below the 50 below the 200. Price is still below all of those key moving averages. I don't know the company, but the price action is extremely poor. I would cut it loose on that alone.
RHHBY - Don't know anything about it. Totally sideways trading, very thinly traded stock, thus quite gappy. Hard to use stops on stocks like this. Not something I would want to sit on.
RKT - Way better volume than RHHBY, but also totally sideways. I would kill this position and set an alert at $24. If the stock moves above that level, you might want to consider owning it again. Above $34.42, you definitely want to own it.
VZ - If you like the 5G story, I would advocate owning the basic non-branded infrastructure in this space... SWKS.
You really do need to keep stops in play. If the vaccine doesn't play out as hoped, or we end up having prolonged economic shutdowns on account of the lag time to distribute it as the virus picks up steam over winter (probable scenario imo), the market could take it on the chin for a stretch. I suspect that would be a buying opportunity, since stimulus is likely on the way shortly thereafter, the two houses of government remain divided (meaning no sweeping policy changes) and money has no where else to go to earn a return.
TLDR; Buy bitcoin.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27042184 - 11/16/20 12:24 PM (3 years, 2 months ago) |
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Wow man you just blew my mind with this analysis. Am taking your advice on all of it. Funny how a person can stay committed to something with no real technical backing (or understanding in my case), I guess because I heard of it at one point. Thank you for the breakdown because I probably wouldve stubbornly held onto them.
BTC is also on the radar. I have a sizeable amount of Alts, but somehow BTC never made the mix. Never too late to start I suppose
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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