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OfflineTripsurfer
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27619701 - 01/15/22 10:51 AM (2 years, 13 days ago)

Yeah, shitty reverse split :facepalm:

Holdings went from $800 to $500 and now down to $70


Dont put money into things you dont understand :lol:


--------------------
Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Tripsurfer] * 1
    #27619741 - 01/15/22 11:39 AM (2 years, 13 days ago)

Do you know exactly how much your holdings (Hopefully I’m using that word correctly) dropped as an immediate result of the reverse split?


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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OfflineManianFHS
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27619793 - 01/15/22 12:34 PM (2 years, 13 days ago)

yep sorry trip surfer, those reverse splits suck. I have one share of HIHI stock (used to be 4 million shares) as a permanent reminder not to invest in things like that.


--------------------
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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OfflineTripsurfer
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27619853 - 01/15/22 01:33 PM (2 years, 13 days ago)

I have no idea

Thats the annoying part. Crappy eToro is not clear at all on what exactly took place. Records of the whole thing are strange

If I look at my portfolio it appears that I purchased 25 $CENN shares at $33.90 a piece. That's around $850. I guess thats the amount I initally purchased in $NAKD.



Taking the reverse split into account I must have purchased around 375 NAKD shares originally. Those got divided by 15 leaving me with 25 shares that I theoretically purchased at 33.90.


Maybe it does make some sort of sense :facepalm:

Down 92%, worst investment ever :lol:


--------------------
Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 2
    #27619862 - 01/15/22 01:43 PM (2 years, 13 days ago)

Quote:

TheFakeSunRa said:
Do you know exactly how much your holdings (Hopefully I’m using that word correctly) dropped as an immediate result of the reverse split?



Both traditional and reverse splits pose no immediate change to the value of your holdings.  It simply changes the number of shares you own, and in order to keep the aggregate value constant, their nominal value.  Examples:

  • A split increases total shares outstanding with a corresponding decrease in their individual price:
    1 share of ABC at $100 splits 4 to 1 = You now have 4 shares of ABC @ $25/share

  • A reverse split decreases total shares outstanding with a corresponding increase in their individual price:
    5 shares of XYZ at $0.20/share reverse split 5 to 1 = You now have 1 share of XYZ @ $1


Splits are typically done for perception, as retail investors often feel more psychologically motivated to buy a handful of stock at $20/share compared to buying a single share or two of stock that's priced at $2000/share, even if the company's valuation is the same in either case.  New investors in particular don't often make the connection between the market capitalization of a company (total shares outstanding * share price) versus the share price in isolation.  In other words, an uninformed investor may not realize that a company with a $20 share price that has a billion outstanding shares, is valued considerably higher ($20B) than a company with a $2000 share price that has half a million outstanding shares ($1B).

Reverse splits are often done by failing companies desperately hanging on by the skin of their fingernails.  Many major exchanges enforce minimum share price rules, and if a company's stock falls below it, they risk being delisted.  Individual investment firms/offices may also have a policy not to invest in "penny stocks" for example, so companies that find themselves in a position where their stock begins trading at such a low nominal share value, may opt to reverse split, reducing the number of shares outstanding while increasing the individual share price proportionally, to appear as if they aren't actually a shit stock.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


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OfflineGorlax
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 1
    #27619890 - 01/15/22 02:03 PM (2 years, 13 days ago)

$NAKD is a textbook scam stock. It should only be traded never owned. They don't care about their shareholders, drop offerings randomly, dilute, reverse split, and put their finger in anything "trendy".

I sold $DNN for a loss, will come back to it. Strange considering the global supply of Uranium has been greatly hit. Entire uranium sector not moving the way it should.

I'm now in these rather heavy $CTT, $ARIS, and $OPFI also have small amounts of $USAS that I've been cycling from 0.78 and selling spikes.


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OfflineTripsurfer
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 2
    #27619901 - 01/15/22 02:18 PM (2 years, 13 days ago)

NAKD apparently needed the shares to be above $5 for 5 days for the merger with CENN to move forward

Swimwear and electric vehicles. Makes perfect sense


--------------------
Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 1
    #27620398 - 01/15/22 10:29 PM (2 years, 13 days ago)

Quote:

geokills said:
Quote:

TheFakeSunRa said:
Do you know exactly how much your holdings (Hopefully I’m using that word correctly) dropped as an immediate result of the reverse split?



Both traditional and reverse splits pose no immediate change to the value of your holdings.  It simply changes the number of shares you own, and in order to keep the aggregate value constant, their nominal value.  Examples:

  • A split increases total shares outstanding with a corresponding decrease in their individual price:
    1 share of ABC at $100 splits 4 to 1 = You now have 4 shares of ABC @ $25/share

  • A reverse split decreases total shares outstanding with a corresponding increase in their individual price:
    5 shares of XYZ at $0.20/share reverse split 5 to 1 = You now have 1 share of XYZ @ $1


Splits are typically done for perception, as retail investors often feel more psychologically motivated to buy a handful of stock at $20/share compared to buying a single share or two of stock that's priced at $2000/share, even if the company's valuation is the same in either case.  New investors in particular don't often make the connection between the market capitalization of a company (total shares outstanding * share price) versus the share price in isolation.  In other words, an uninformed investor may not realize that a company with a $20 share price that has a billion outstanding shares, is valued considerably higher ($20B) than a company with a $2000 share price that has half a million outstanding shares ($1B).

Reverse splits are often done by failing companies desperately hanging on by the skin of their fingernails.  Many major exchanges enforce minimum share price rules, and if a company's stock falls below it, they risk being delisted.  Individual investment firms/offices may also have a policy not to invest in "penny stocks" for example, so companies that find themselves in a position where their stock begins trading at such a low nominal share value, may opt to reverse split, reducing the number of shares outstanding while increasing the individual share price proportionally, to appear as if they aren't actually a shit stock.




Thank you for taking the time to explain that.

I have a couple questions / comments

On an online (not for credit) course I’m taking the professor explained splits and I understand they’re basically cosmetic and don’t change the value of what you own. He just said they double your shares and halve their value. Then as an aside he basically said reverse splits is how they fuck you but he didn’t extrapolate so I googled it and read that if you’re just like a common shareholder (I forget the term they used) the board of directors can basically vote to value your new shares at whatever they want and as an investor you have very little recourse.

Have I been misled?

Thanks again.


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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OfflineBrian Jones
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 1
    #27620561 - 01/16/22 04:49 AM (2 years, 12 days ago)

Quote:

geokills said:
Quote:

TheFakeSunRa said:
Do you know exactly how much your holdings (Hopefully I’m using that word correctly) dropped as an immediate result of the reverse split?



Both traditional and reverse splits pose no immediate change to the value of your holdings.  It simply changes the number of shares you own, and in order to keep the aggregate value constant, their nominal value.  Examples:

  • A split increases total shares outstanding with a corresponding decrease in their individual price:
    1 share of ABC at $100 splits 4 to 1 = You now have 4 shares of ABC @ $25/share

  • A reverse split decreases total shares outstanding with a corresponding increase in their individual price:
    5 shares of XYZ at $0.20/share reverse split 5 to 1 = You now have 1 share of XYZ @ $1


Splits are typically done for perception, as retail investors often feel more psychologically motivated to buy a handful of stock at $20/share compared to buying a single share or two of stock that's priced at $2000/share, even if the company's valuation is the same in either case.  New investors in particular don't often make the connection between the market capitalization of a company (total shares outstanding * share price) versus the share price in isolation.  In other words, an uninformed investor may not realize that a company with a $20 share price that has a billion outstanding shares, is valued considerably higher ($20B) than a company with a $2000 share price that has half a million outstanding shares ($1B).

Reverse splits are often done by failing companies desperately hanging on by the skin of their fingernails.  Many major exchanges enforce minimum share price rules, and if a company's stock falls below it, they risk being delisted.  Individual investment firms/offices may also have a policy not to invest in "penny stocks" for example, so companies that find themselves in a position where their stock begins trading at such a low nominal share value, may opt to reverse split, reducing the number of shares outstanding while increasing the individual share price proportionally, to appear as if they aren't actually a shit stock.




Thank you. That was informational, as I was completely puzzled about what was going on in those last several posts.


--------------------
"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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InvisibleTheStallionMang
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Brian Jones] * 1
    #27620955 - 01/16/22 11:04 AM (2 years, 12 days ago)

I've been trying to follow along here for a while and some of this is starting to make more sense

I bought a little DNN after the recent news also.  Still have it at a 6% loss right now which is only -$38.  I'll sell it off next week if it drops any more

Anyone have any thoughts on MMND?  It's been dropping pretty consistently for a while and I'm down an embarrassing 60% at the moment
Every week I think "it'll bounce back some this week" then the next week I'm thinking "shoulda dumped it LAST week"


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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheStallionMang] * 1
    #27621027 - 01/16/22 11:53 AM (2 years, 12 days ago)

Quote:

Anyone have any thoughts on MMND 




I’m low af on it too lol

Fuck if I’m selling now - the good things about stock is you really haven’t lost any money until you sell

I think it’s a long long high risk play

Every time I buy anything I decide on an exit plan and my plan is too keep that one for fifteen years or let it bust

I think a stock like that is basically a lottery ticket

But hell, don’t sell low!!!


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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InvisibleTheStallionMang
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27621280 - 01/16/22 03:18 PM (2 years, 12 days ago)

Right, the FDA put a hold on their testing of small doses of LSD to treat anxiety and it's been dropping more than usual ever since

I'd like to hold it for at least better days, if not a profit eventually but it almost seems like it might just keep slipping away


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OfflinegeokillsA
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheStallionMang] * 2
    #27621444 - 01/16/22 05:43 PM (2 years, 12 days ago)

Quote:

TheFakeSunRa said:

On an online (not for credit) course I’m taking the professor explained splits and I understand they’re basically cosmetic and don’t change the value of what you own. He just said they double your shares and halve their value. Then as an aside he basically said reverse splits is how they fuck you but he didn’t extrapolate so I googled it and read that if you’re just like a common shareholder (I forget the term they used) the board of directors can basically vote to value your new shares at whatever they want and as an investor you have very little recourse.

Have I been misled?




A company's value is determined by how many shares are available, and what people are willing to pay for those shares.  A board of directors cannot decide what the value of their publicly traded company is, plain and simple.  What they can do, is raise money for themselves by issuing additional shares to market, which is referred to as a "secondary offering".  This dilutes current shareholders by increasing the amount of outstanding shares, and unless the company is in fact on a high growth trajectory and can make reasonable use of the capital, is almost always a negative event for existing shareholders.

The cosmetic "reverse split" is just smoke and mirrors to make it look like the company isn't complete garbage... as most traditional equity investors who see a stock trading below $1 would take a hard pass because, well, there's probably good reason why the share price is that low (and volume is likely pitiful as well, which means there is a lack of liquidity and any large trades would create unreasonable influence on the share price).  Thus, a company may try to save face by the reverse split (which helps on the first point but won't help with the liquidity problem), and in all odds, they will continue to bleed value until they end up in the pennies again before too long.

Quote:

TheStallionMang said:

Anyone have any thoughts on MMND?




If you're talking about this, it is just a long painful bleed out.  This is the type of stock you'd want to buy if you like losing.  I also see nothing to do with LSD for anxiety.  The company as indicated in their profile is a digital marketing company.  It appears they are at least marginally profitable, but I have no idea why anyone would want to own this dog.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 1
    #27621549 - 01/16/22 07:22 PM (2 years, 12 days ago)

Thanks for that. I went back and reread and misunderstood

Thanks for getting me straight

I think TSM is talking about Mind Medicine (MindMed) Inc
NASDAQ: MNMD even though you have the correct letters that TSM gave


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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InvisibleTheStallionMang
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27621561 - 01/16/22 07:33 PM (2 years, 12 days ago)

Yeah, my bad. I meant MNMD
Sorry to waste your time looking up the wrong stock
:babypalm:


Edited by TheStallionMang (01/18/22 05:29 AM)


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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheStallionMang] * 1
    #27621564 - 01/16/22 07:37 PM (2 years, 12 days ago)

Quote:

TheStallionMang said:
Yeah, my bad. I meant MNMD





When it matures let’s buy the shroomery. Or maybe just OTD.


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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OfflineGorlax
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheStallionMang] * 1
    #27622517 - 01/17/22 02:01 PM (2 years, 11 days ago)

Depending how long you are in it for I wouldn't sell $DNN for a LOSS unless you need the cash to make other trades. My rule of thumb is if you see a trade that you are highly convinced is worth getting in then it is okay to sell for a LOSS. Depends on your trading strategy I don't want to make it seem like because I sold it it's totally fucked if u know what I mean. I'm looking for more profitable entries currently. Uranium sector must be lagging no clue

$ARIS has been my bread and butter for a little while now. Under 13$ is a steal. Insiders got shares at that price so it's in their best interest to keep share price above. We might get some crossover with the moving averages soon. Heres a quick look at the chart.

This is an ESG play something that is going to be very popular in the markets for a while.


Edited by Gorlax (01/17/22 02:05 PM)


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OfflineManianFHS
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gorlax] * 1
    #27623437 - 01/18/22 11:06 AM (2 years, 10 days ago)

I have a stop at $1.25 with DNN per Geos advice. If it falls through that whatever, serves me right for playing with shit I don’t know anything about…

The rest of my money is in SPY, and to a lesser extent PNY. Need to stop looking at these bloody red markets already!!


--------------------
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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InvisibleTheFakeSunRa
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] * 1
    #27623441 - 01/18/22 11:08 AM (2 years, 10 days ago)

I wonder why the deal with KFC hasn’t helped Beyond Meat (I’m not invested in it)


--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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OfflineGorlax
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa] * 1
    #27623507 - 01/18/22 12:12 PM (2 years, 10 days ago)

Blackrock Larry Fink dropped some guidance for CEOs. ESG stocks are going to be hot for a while.

https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter
Quote:


-Key Points from the letter include large focus on climate change companies to offset carbon emissions (ESG plays), most carbon intensive 10 holdings are responsible for 85% of the portfolio's emissions, cautions against divestment in fossil fuel companies as a climate strategy arguing that foresight companies across a wide range of carbon intensive sectors are transforming their businesses and their actions are a critical part of decarbonization, moving to push natural gas as a clean green energy and in December Blackrock announced a 15.5 billion dollar gas pipeline deal with Saudi Aramco.




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