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today mylove



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27056866 - 11/25/20 10:05 AM (3 years, 2 months ago) |
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thx Geo
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27056922 - 11/25/20 10:39 AM (3 years, 2 months ago) |
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Quote:
geokills said:
Oh and if any of you like the cannabis space story, in addition to CGC I would suggest taking a look at ACB. I picked up some lottery tickets (Dec $9 calls) today. It's business is in the US, and the market is anticipating continued relaxing of cannabis laws, potentially at the federal level with a Biden administration.
Quick note on ACB and the Israeli company Cantek.... Under the terms of their agreement, Aurora will supply Cantek with dried bulk flower over a two-year period, with the option to extend. The Company intends to provide Cantek with a minimum of 4,000 kgs of bulk dried flower annually, which will be processed into finished product, and co-branded under the Aurora and Cantek brand names for the Israeli market with the potential for additional international market sales. Having secured all necessary export and import permits, the initial shipment of cannabis under the Agreement occurred during the week of November 16, 2020.
Short Form: Whatever ACB grows, Cantek will buy. And if we see loosened federal restrictions on cannabis here in the US, it's off to the races.
Now as for how I'm trading ACB, it's a good thing I kept those $9 December calls I bought yesterday on the small side position wise. The stock saw a nearly 10% draw down this morning, which is not unusual considering it was up ~25% the day before, and I used this as an opportunity to buy some common shares @ $8.40. The stock subsequently picked back up to test its opening print, at which point I sold weekly (Dec 4th) $9 calls against the common stock @ $0.75 a piece. I can look at this two ways... Since I bought the Dec 18th $9 calls yesterday at $1.40, I've essentially cut their cost in half since I sold a similar amount against the common stock I purchased today. Alternatively, I lowered my cost basis in the common stock I bought today by $0.75, for an effective basis of $7.65, which is pretty close to where the stock was basing over the prior few weeks and should thus serve as reliable support.
Because I want to maintain some exposure to this stock longer term, I'm happy with the arrangement of long calls and covered common stock. The calls are more aggressive, with a defined risk, and the covered common is more conservative, either allowing me a short term gain or a lower cost basis in my shares. I plan to continue this strategy over the coming year, by selling calls against common stock. If my common gets called away, I may sell naked puts in efforts to generate short term income, or to be put the stock with a lower basis than would have otherwise been available at the time I sold the puts. Rinse and repeat.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27057243 - 11/25/20 03:06 PM (3 years, 2 months ago) |
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Thanks for pointing out ACB, based on the news of that contract and their seemingly still depressed levels from earlier this year (and last), I like the idea of taking a shot at it. I am fully exposed to the market right now, though with some tight stops in play (one hit for BA today @ 215, closing half my shares). I used some of that stop money to put into FDX - I like your argument and think it fits right in with my e-commerce positions for the coming months.
Current holdings:
AMZN BA C EBAY FDX PYPL - I really like the move to this stock based on their news of accepting crypto purchases. TSLA 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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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27057253 - 11/25/20 03:12 PM (3 years, 2 months ago) |
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I think I'm gonna sell some of my ammo and get a 300-400% ROI.
Wish I'd invested more in Thunderbolts, now.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#27057407 - 11/25/20 04:33 PM (3 years, 2 months ago) |
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Quote:
Baby_Hitler said: I think I'm gonna sell some of my ammo and get a 300-400% ROI.
Wish I'd invested more in Thunderbolts, now. 
Word. Luckily I am pretty stocked (maybe could use more .223), but holy cow how did ammo get so expensive? People thinking the world is coming to an end.
-------------------- 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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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27057578 - 11/25/20 06:17 PM (3 years, 2 months ago) |
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It's partly panic buying because of the virus and the riots, bit I think it's mostly from decreased production because of the virus. Also, 2017-early 2019 was a phenomenal buyers market. Sales dripped because so many people had stocked up because they thought Clinton was going to be elected, then when she wasn't they unclenched their buttholes, and stopped buying ammo as much. Manufacturers had also ramped up production expecing increased demand which never happened. That period is when I bought all my stock.
I've got enough now that i could pay off my car and have money left over if I sold it all. I spent roughly $3000 on guns and $2000 on ammo. The guns would sell for maybe a 20% return, but the ammo would go for something like $7000.
I don't rally want to sell it all, though. maybe half the ammo and a gun or two. Because maybe the world is coming to an end?
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#27057681 - 11/25/20 07:20 PM (3 years, 2 months ago) |
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Quote:
Baby_Hitler said: Because maybe the world is coming to an end?
Perhaps, but it's a low probability bet. Much more likely that we live out our lives with various degrees of chaos mixed in, die, and the world keeps spinning for countless more generations that will face their own trials and tribulations of varying degree.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27057795 - 11/25/20 09:10 PM (3 years, 2 months ago) |
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Right? There are varying degrees of fucked, and I think the next few years, and very possibly the rest of my life will rank fairly high on the scale of fuckedness.
There's also the issue of diminishing value of bullets. $10,000 is 10,000 times as valuable as $1, but 10,000 bullets are not 10,000 times as valuable as 1 bullet in most circumstances. The main factor there being the probability of surviving a situation, or multiple situations in which the possession of bullets would increase my chance of survival. My chances of surviving one shootout are not great. My chances of surviving 10 in a row are practically zero.
And, of course, in a true end of the world scenario, neither money, nor bullets have any value in the long term.
There is however a less than zero chance that money will lose most or all of its value, in which case bullets would probably become a very valuable commodity.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27059845 - 11/27/20 09:26 AM (3 years, 2 months ago) |
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ILMN - Digging the setup. Initiated position in Jan $300 calls, will add on moves above $320 and $330, initial stop @ $304 (today's low).
TSLA, CGC, SQ still working. FDX marking time, looking for that move above $295. ACB also marking time but holding a high base, which is encouraging. CGC pushing to the top of its range. I would expect CGC and ACB to trade largely in tandem, however ACB will be more volatile with more potential upside.
Added a small amount of SNOW near the close on Wednesday, a recent IPO that just hit an all time high this morning. Tempted to take the quick profits since it jumped 10% today, but this one has great growth, and typically IPO's that hit fresh highs after an initial consolidation period can sustain explosive upside. A large part of the float is locked up by early investors who don't have the option to sell yet. Wouldn't add to it today, it's gone more or less in a straight line from $230 to $330, but happy to have a piece all the same.
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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]
#27059946 - 11/27/20 10:26 AM (3 years, 2 months ago) |
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Cannabis is getting lifted. Huge volume spikes across the sector. Added to ACB common stock @ $9.20. Will look to cover up part of the position with calls into the close.
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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]
#27059961 - 11/27/20 10:35 AM (3 years, 2 months ago) |
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Would take some profits on TSLA, looking weak into the close and had a helluva run so far.
Sold $10 weekly calls @ $0.90 (expiring next friday) against half of the new tranche of ACB I bought @ $9.20. Looking to cover the other half with $11 weeklies @ $1 into continued strength. Still have my original position in long December $9 calls from below to ride the momentum, but want to keep at least half of the trade covered as the position has been getting pretty big.
Not sure what the news is yet, but the entire sector is on fire right now. Looking to add a small position in TLRY on any weakness.
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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]
#27059982 - 11/27/20 10:57 AM (3 years, 2 months ago) |
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Well I did add a small piece of TLRY via Jan $7.50 calls @ $2. Already up 15%.
Sold my calls in Citigroup for a 80% gain. The stock has run very strongly and this isn't really a growth story so I expect it to rest. I suspect it's still a good hold for a less actively traded account, but I want to redeploy the cash into other opportunities, as I feel like it should test it's 200 day moving average before too long (about 10% lower than the current price). A 10% move in the common would be pretty painful for my options, so I'm just going to declare victory on this one and move on.
Also ditched my placeholder in AAPL. It's just about the most sideways stock ever, and having too many names on my screen makes my positions difficult to manage. Set an alert on AAPL > $122, at which point I would likely add it back. Alternatively, on a touch and go @ it's 200 day exponential moving average ~ $100.
Those short weekly $11 calls I mentioned on ACB expiring next friday executed @ $1, so all of my common shares are now covered with a ladder of $9/$10/$11 calls expiring next Friday. I still have a handful of Dec 18th $9 calls for more aggressive positioning. Also long TLRY Jan $7.50 calls and CGC Jan $25 calls. This sector is likely to continue moving next week.
Edit, the news that popped the pot sector: House Majority Leader Steny Hoyer just announced that there will be a floor vote on a bill to federally legalize marijuana ***NEXT WEEK***
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (11/27/20 11:07 AM)
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Brian Jones
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27060185 - 11/27/20 01:23 PM (3 years, 1 month ago) |
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Quote:
geokills said: Cannabis is getting lifted. Huge volume spikes across the sector. Added to ACB common stock @ $9.20. Will look to cover up part of the position with calls into the close.
I got into CGC at the beginning of July, in an IRA. It's a bit scary because it was my first investment outside of mutual funds, and it fells like I know what I'm doing, but I know I don't.
-------------------- "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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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27060333 - 11/27/20 02:44 PM (3 years, 1 month ago) |
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Weed stocks have been doing killer. I got into Aphria like 2 months ago. It's up 60%. I was thinking about selling a little off.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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pslyke
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27060351 - 11/27/20 02:52 PM (3 years, 1 month ago) |
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I picked up several cannabis sector stocks way back before the big boom. I did contemplate offloading all of them at many times their original purchase price at the peak and to some extent regretted not doing so over the last 18 months. However, I purchased them based on the original investment thesis that Canada did not represent the 'actual' market and that only when the US market opens up would I appreciate the real growth potential. This seems more and more like a reality as time passes and now I am pleased that I decided to stick to my guns. I am up significantly on all of my original purchases (in this sector) except for ACB. It is difficult to get back on the winning side with ACB when they entirely shit the bed, burn money to heat the house and do a 12:1 reverse split. I have little confidence that they will right the ship but again, I am in it for the long haul.
A related buy that I am looking at is RVVTF-- is is a small cap company that has its hand it conventional therapeutics as well as the psychedelics space--specifically psilocybin. I like their diversification aka more shots on goal. I might sink a bit of gambling money into them with the hope that one of their products receives approval. They are currently in a phase III study for Covid induced acute lung injury. While everything fails in the lung injury space, if they were to receive approval they would surely see a huge bump in value.
-------------------- "What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein "The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: pslyke] 1
#27060685 - 11/27/20 07:01 PM (3 years, 1 month ago) |
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POLITICSFederal Marijuana Legalization Bill Will Get A Congressional Vote Next Week, Leader Announces
https://www.marijuanamoment.net/federal-marijuana-legalization-bill-will-get-a-congressional-vote-next-week-leader-announces/
I suppose I'll hold off for a week or two and sell the news.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27064172 - 11/30/20 08:37 AM (3 years, 1 month ago) |
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Sluggish morning, with most issues struggling and generally trading sideways to down. I sold my directional longs on all of the pot stocks this morning on the lack of follow through from Friday's news, only maintaining covered call exposure to ACB. Also ditched SNOW for the quick gains since they report earnings tomorrow and that's always an unknowable wildcard. SQ and TSLA look due for a rest, and FDX... ugh, this one is testing my patience. I have scaled back my position twice now and just ditched the rest, seems like it wants to go and retest its 20, mabe even its 50 day, and while that doesn't put a longer term breakout in jeopardy, it's not the type of thing I want to sit around and watch in my account. This is just my style though, for longer term holders who don't actively trade, it's probably ok to maintain some exposure.
Not much else to do but watch today, the S&P in general is really stinkin' up the joint, weak all morning, and probably needs to do some more backing and filling before a sustainable move higher.
EDIT: Hopped back into ACB for a directional long trade via common on its intraday bounce. So far working very well, but man these guys are so volatile it's hard to hold huge positions. FDX bounced pretty much on the same print that I closed the last bit of my position . That is rather frustrating, as my sale marked where the stock should have been bought. Put a starter position on SONO, which moved above its earnings high and is on track to hit an all time high very soon. Added to ILMN on its move above Friday's high and added to AAPL on some high volume buying today.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (11/30/20 11:25 AM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27064499 - 11/30/20 12:07 PM (3 years, 1 month ago) |
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AAPL moving on very nice volume here. I wanted to wait for a breakout above $122, but with the way the stock is trading today, I think that's only a matter of time, so why not load up now? The nice thing about this stock is how liquid it is, spread on options are tolerable for large positions... and I am long fistfuls of January $120 calls.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27064689 - 11/30/20 01:43 PM (3 years, 1 month ago) |
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I hit a stop for the rest of my BA/C today, so I threw that cash into AAPL, and a little bit into ACB, just until the floor vote in hopes of a pop. I can consider that more or less my gambling money due to a nice run with BA and SOLO.
Still have some aggressive stops just in case some terrible news hits, though less so on online consumer stocks like PYPL/AAPL/EBAY/AMZN
Cheers!
-------------------- 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]
#27064700 - 11/30/20 01:49 PM (3 years, 1 month ago) |
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Congrats on the good trades mick. Although it can be tempting reinvest profits into a speculative position, I would caution that you treat it as any other trade you take. I know that for my part, I have taken some "gambling" trades after big wins, and subsequently paid the price for letting my guard down. You earned that money, don't be quick to give it back.
Nice recovery on FDX going into the close. Today was definitely a buying opportunity for a longer term position and I majorly fumbled that trade. I would buy it back, but I feel a bit emotionally scarred, and have already plowed the capital into a big position in AAPL.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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