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Ahab McBathsalts
OTD Windmill Administrator




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27118666 - 12/31/20 03:41 PM (3 years, 28 days ago) |
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MNT.to is cool because you can trade for physical gold, but you need enough for 100 oz. It's a pretty high bar. But it would be cool to pick up 200k worth of cold gold.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27118746 - 12/31/20 04:16 PM (3 years, 28 days ago) |
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Yeah ima need something a bit smaller
-------------------- Within You , Without You
      
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27121039 - 01/01/21 07:52 PM (3 years, 27 days ago) |
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What about tesla?
Im thinking about investing pretty heavy there as another long term
-------------------- Within You , Without You
      
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The OCB
Stranger

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27121083 - 01/01/21 08:19 PM (3 years, 27 days ago) |
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Not now for TSLA. Wait for the S&P correction. Then by all means. The bears weren't wrong, their timing was just off.
Please wait.
EDIT: For the entire S&P to correct. Which will effect TSLA.
Edited by The OCB (01/01/21 08:27 PM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27121088 - 01/01/21 08:21 PM (3 years, 27 days ago) |
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TSLA is very richly valued, and they got there by consistently breaking the backs of many a bear. The company has a vision, but it's a complex roadmap and they are, more or less, priced to perfection, giving them little margin for error. Their inclusion in the S&P is behind us, but the stock did yet set a new high yesterday on increasing volume... it might very well have room to run higher. I certainly wouldn't bet against it, but I also wouldn't dedicate a large long term position to it, at this point. A good candidate for a shorter term swing trade.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Ahab McBathsalts
OTD Windmill Administrator




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27121111 - 01/01/21 08:35 PM (3 years, 27 days ago) |
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Tesla is valued extremely richly right now. I think it's valued more than all the USA oil producers combined at present time.
More than every other auto manufacturer combined.
I wish I could find the data, but Telsa is valued at like $660,000 for every car it's delivered so far. That compares to like $660 or something for Toyota's total deliveries since 1972.
It's a huge disparity. It doesn't mean that the company won't mature and continue to grow into it's valuation, but good companies don't necessarily make good stocks.
You could have bought McDonalds in 1972 right before they started selling quarter pounders and it had about 2000 stores open. The stock didn't come back to that level until 1982 when it had 7000 stores open. Great growth in the company, but the value of the stock is sometimes independent of the success of the business.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27121114 - 01/01/21 08:39 PM (3 years, 27 days ago) |
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I bought Tesla stock in like 2013 when Telsa went from $25 to $45/share and I got out because I thought it got too rich LOL. I would have had a million dollars if I stuck it through. But fuck it, I was probably too broke to be investing at that time anyway.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27121131 - 01/01/21 08:54 PM (3 years, 27 days ago) |
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Yeah i definitely took note that tesla sky rocketed and wasnt sure i wanted to jump in now or not, but they seem to be booming...
It would be great to get a better enter point but i was considering just having a sort of reccuring investment into their company moving forward and thinking in terms of 5 year gains
I saw someone predict if they win this whole automated car thing they will be the most valuable company in the world.
But im just getting into trying to find which stocks have potential etc.
Its a bit much when youre fresh and therea just so much going on...
What are your guys thoughts on ipo's ?
Have you ever invested in one that turned successful?
-------------------- Within You , Without You
      
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The OCB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27121143 - 01/01/21 09:03 PM (3 years, 27 days ago) |
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To get access to most of the good ones at initial price you need access to certain accounts and those accounts carry hefty minimums. You could always buy it once it hits the market for everyone.
I think all these IPOs all over the place remind me of the late 90's.
I would not set any sort of investment in TSLA right now and I will bet on that. (Long stock, discarding options).
Whats really strikes me is how many people I talk to to think this a great moment to buy stocks. Just give it a month or two. Unless Georgia somehow goes blue in which case lets do this $TRUL, $CURA...
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: The OCB]
#27121228 - 01/01/21 10:12 PM (3 years, 27 days ago) |
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I dont own any stocks yet but ive been trying to figure out what i want
Been trying to start with my long term investments first and lay the ground work so to speak
Considering WPM and GOLD
And then been thinking on tesla, SPY, QQQ, VOO
Kinda thought for long term id like something in gold and precious metals then a market ETF (and crypto) then from there pick and choose companies
Just trying to map out how to be diversified enough to cover all the bases over the long haul but hopefully be hands on enough to catch things and not get fucked
and potentially take some bigger gains with a smaller allocated fund as well
-------------------- Within You , Without You
      
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Brian Jones
Club 27



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27121490 - 01/02/21 04:05 AM (3 years, 26 days ago) |
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I kept saying to myself I would short Tesla if I had the funds to ride it out. The more I researched it the more I found out people were losing their shirt shorting it. The best advice I've seen for novices such as myself is, you don't want Tesla long or short, at this point.
I'm looking for an opinion from Geo or others. I have my 401K in Index500. (I do my experimenting in IRAs). I'm thinking the 500 is relatively overvalued. I already switched about 30% of new contributions to Vanguard Explorer, a small cap fund. I'm thinking of switching some more to small and midcap value. Nobody knows when, but value will come back at some point. Since I'm only altering new contributions it's a slow gradual change. Because I'm over 60, investing in Roth accounts, and mostly buy and hold, I don't see any reason to switch from mutual funds to ETFs.
-------------------- "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
OTD Windmill Administrator




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27121520 - 01/02/21 04:56 AM (3 years, 26 days ago) |
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I was looking at this COMPASS Pathways plc (CMPS). It IPO'd in December. As far as I can tell it is just giving people psilocybin for depression and studying the results. They really only have a patent for making high volume crystalline psilocybin, but I don't see how that is worth 1.7Billion of market cap.
On the one hand, if approved it will dramatically upend the pharmaceutical industry especially with regards to mental health and holistics.
On the other hand, the patent isn't worth shit, and any smart shop will be able to open up and people can get mushrooms on the grey market for $25 and eighth.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones]
#27121564 - 01/02/21 05:54 AM (3 years, 26 days ago) |
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Quote:
Brian Jones said: I kept saying to myself I would short Tesla if I had the funds to ride it out. The more I researched it the more I found out people were losing their shirt shorting it. The best advice I've seen for novices such as myself is, you don't want Tesla long or short, at this point.
I'm looking for an opinion from Geo or others. I have my 401K in Index500. (I do my experimenting in IRAs). I'm thinking the 500 is relatively overvalued. I already switched about 30% of new contributions to Vanguard Explorer, a small cap fund. I'm thinking of switching some more to small and midcap value. Nobody knows when, but value will come back at some point. Since I'm only altering new contributions it's a slow gradual change. Because I'm over 60, investing in Roth accounts, and mostly buy and hold, I don't see any reason to switch from mutual funds to ETFs.
Personally I think that's a smart move but not without a relative amount of risk. I could see a small amount of midcaps that will pop and go bigger even in the very near future. Idk exactly what they are but I'm sure there are a few. Small cap I also see taking off again from this thing nearly grinding to a halt. Nearly all these companies took a nice bath in the crash.. Its just like I said before theres still alot of covid what ifs. The all clear has not been called yet. Pretty much any way you cut it in my mind we still have a bit of a Rollercoaster to go be for all the dust finally settles and the market decides which way she actually wants to go. As she sits now all it will take is one major announcement. Everyone has the finger hovering over the dump button
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones] 2
#27122312 - 01/02/21 03:37 PM (3 years, 26 days ago) |
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Quote:
Brian Jones said: I'm looking for an opinion from Geo or others. I have my 401K in Index500. (I do my experimenting in IRAs). I'm thinking the 500 is relatively overvalued. I already switched about 30% of new contributions to Vanguard Explorer, a small cap fund. I'm thinking of switching some more to small and midcap value. Nobody knows when, but value will come back at some point. Since I'm only altering new contributions it's a slow gradual change. Because I'm over 60, investing in Roth accounts, and mostly buy and hold, I don't see any reason to switch from mutual funds to ETFs.
I really have no edge in determining whether a small, mid or large cap diversified fund is the better play. For my money, if I want aggregate market exposure, I'm in the SPY and QQQ's. I don't tend to make big macro calls in my trading, I just follow the price action of a select few individual stocks, regardless of sector, that are acting well in that moment. When they stop acting well, I look for alternative setups, in individual stocks. However, unless you enjoy trading and are capable of adhering to a rigid disciplinary structure, this approach may not work for you.
Yes, the S&P appears richly valued on a short term basis. But if you take out the COVID crash and look at a monthly chart of the index, we're a little extended (I'd wager by ~10%), but generally in line with the uptrend that's been running for the last decade. The market is a forward pricing mechanism, and it is very clearly looking past COVID. I agree with CHief that the all clear hasn't been called and we could see a selloff on a hair trigger because of how optimistic the market has been about the impending vaccination of the global population and a return to the status quo. I don't think the road is as easy as the market has made out, but we'll see. And if we do get that selloff? It'll probably be bought.
I know I probably sound like a broken record on this point, but it's because our policy makers lack the nerve and/or innovation to deal with things any differently... that so long as we continue to debase our currency through excessive spending, low interest rates and generally easy monetary policy, money doesn't have a whole lot of options on where to go to seek a return. That's the biggest reason, in my view, for why the market has been so stubbornly resilient in its recovery over the past year. It's also one of the major forces driving money into the nascent cryptocurrency sector, which is in fact where the bulk of my liquid assets have been parked for some time now.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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The OCB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27122492 - 01/02/21 05:26 PM (3 years, 26 days ago) |
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Yeah that last paragraph is on the money dude.
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Brian Jones
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: The OCB]
#27122704 - 01/02/21 07:17 PM (3 years, 26 days ago) |
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Yes, despite the risks, where else are you going to put your money. Safe "investments" are a sure loser now.
-------------------- "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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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27125521 - 01/04/21 08:04 AM (3 years, 24 days ago) |
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NNDM sitting at its 8 day EMA this morning. Tightening up the leash, if it violates the morning low, I'm shutting it down. Heh, there it goes, as I write this note.
AVTR falling back into the squeeze. Technically it's still OK, but I have better places to redeploy the capital (see below). Alert set at $28.38, will re-evaluate if it moves above that level.
BIDU, just beautiful, new high, very strong on a down day.
FCX, this gold producer is also pushing mightily out of its squeeze. Not often you see a gold company moving +6% in a session, and it is holding its gap.
NIO, blast off, moving out of the squeeze, up 10% this morning.
TSLA, I'm not long, but it is also moving higher rather nicely.
Cannabis perking up, sold $10 weekly calls against my ACB. Initiated a new position in TLRY. CGC also working.
Edit: Took FCX & BIDU off for now. Sold half of my NIO as well. Even picked up some weekly $11 calls on UVXY as the market in aggregate has a New Year's hangover (although I wouldn't have known it with the stocks I've been in!).
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (01/04/21 08:15 AM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27125635 - 01/04/21 09:11 AM (3 years, 24 days ago) |
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Out of my UVXY calls for a +70% gain.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Enkidu
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27125787 - 01/04/21 10:33 AM (3 years, 24 days ago) |
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Bought my first stock ever today...
3 stocks split from $100
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The OCB
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
#27125825 - 01/04/21 10:52 AM (3 years, 24 days ago) |
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Ah man what a great day to have mud boots on.
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