|
SudoNimh
Stranger



Registered: 04/19/22
Posts: 16
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Fiery] 3
#27773835 - 05/12/22 11:11 AM (1 year, 8 months ago) |
|
|
@Fiery
Numinus may not have been a good buy then, but it is definitely going to be soon if not now @$.34/share. I'm personally going to be picking up some shares soon but am waiting another 2 days. Psychedelic-psychiatric (psych-psych for short from here on out) treatments are the future. NW filed for proper M&A paperwork recently, sent out papers to investors yesterday regarding news, and have a meeting with industry leaders in the next two weeks at HC Wainwright Global Investment Conference. This isn't a dying stock. This is a merger/acquisition that happened in the middle of ramping up a novel startup. That seems insane to me and I'm happy that they've avoided complete collapse. I would absolutely not sell it now. The whole market is facing potential collapse so, by percent of change, Numinus Wellness has been quantifiably less affected than the S&P in the last 24h for instance.
==== My background to satisfy those who like an appeal to authority logical fallacy ====
I've worked with M.A.P.S. personally and professionally (ketamine for PTSD/mush for tobacco cessation). I was, in a previous life, in the medical field for 13 years on the highest levels of admin with the largest companies in the western world. MDs, NPs, PAs are all prescribing ketamine as a treatment for PTSD. It isn't just fringe DOs and quacks getting onboard anymore. But the accessibility and costs are the prohibitive factors here. Ketamine infusion therapies are absurdly overpriced ($~200/300 per TREATMENT, weekly if PTSD is debilitating, monthly if not). That, to most people who have to pay for their healthcare, is not feasible from a financial perspective.
This is where local compounding pharmacies can jump in and fill the gap. I am able to get a 3 month supply of sublingual lozenges(weekly dose of 300mg due to the MC1R mutation I have that creates a ~19% resistance to anesthetics and research for MAPS providers on tolerance ceilings) for about $70. Normal max dosage for non-mutants would be 200mg (starting at 50mg your first treatment). They even flavor it with things like piña colada and it's quite enjoyable. Zofran is prescribed in conjunction with ket for the nausea and you have, with only two meds and thearpy, a complete care model that is truly salvation for the traumatized. Note: Zofran will reduce the efficacy of the treatment by reducing the strength of your dissociative trip but... if you're puking the whole time, how are you focusing on healing through that time anyway...? My provider was very mixed on this balance of zofran/ket but it's an extremely minor issue when weighing pros/cons of curing depression/PTSD/suicidal ideation.
The efficacy of psychedelics to treat major mental health issues is established. It needs more research, but the results are insane already. We have combat vets at our facilities who, after 6 months of ketamine, no longer need any other prescribed medicine. One vet I spoke with said "it literally cured my PTSD. I sleep like a baby again and I never dissociate (1000 yard stare) anymore." That blew my mind. I lost a child and also held my father as he died in my arms. My parents put me in a cult when I was a child and was abused as well. I'm not saying I'm the most traumatized, but my therapist did say that I was the most complex trauma case that she has seen in her 20 years. Like the vet I spoke with before treatment, I was also ultimately able to get off of every prescription and live the healthiest life that I ever have thanks to psych-psych treatment.
Unfortunately for me, the providers I worked with for the last few years have all defected to Denver due to their progressive legislation. I don't blame them. Fortunately for the future of medicine and humanity, there is a united front from providers all across the aisle to get psych-psych treatments to be normalized. I think this may be the extremely rare financial case of getting in on an innovation/investment too early. Regulation and accessibility have been major hurdles that we are now closer to solving. It was a startup so progressive that the world has not adapted to it yet.
TL;DR - HODL that shit. Psych-psych treatments are the future; but in the now, we may be on the cusp of another major North American market collapse which lowers all ships with that recessive tide.
Biblio: NCBI article on anesthetic resistance with MC1R mutation. Misnomer in their title: they say "redheads" but MC1R is actually a melanin distribution mutation (freckles) that can affect all ethnicities, with or without red hair: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1362956/
Edited by SudoNimh (05/12/22 11:24 AM)
|
Niffla



Registered: 06/09/08
Posts: 46,484
Loc: Texas
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SudoNimh]
#27773885 - 05/12/22 11:47 AM (1 year, 8 months ago) |
|
|
A few short months ago I had around 44K in stocks. It's now around 30K.
It just goes down every single day.
I don't know whether to laugh or cry.
--------------------
HAIL OUR NEW OTD KING
|
pslyke
fantasmagoric



Registered: 06/12/10
Posts: 4,101
Loc:
Last seen: 7 hours, 51 minutes
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Niffla] 1
#27773969 - 05/12/22 12:28 PM (1 year, 8 months ago) |
|
|
Quote:
I don't know whether to laugh or cry.
Capitalize and average down!
-------------------- "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
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: pslyke]
#27773999 - 05/12/22 12:43 PM (1 year, 8 months ago) |
|
|
OK experts! I need some help here
Situation...
I have and etrade account which I thought was completely free, and turns out one of my penny stocks called ASTI went through a reverse split and Etrade charged my account $38!
They said it was my responsibility to know the fees hidden deep within an agreement that I honestly didn't read( my fault) AND that that coudl happen at any time without warning.
SO my question is: how do I know if a stock is about to go through that.. also costing $38 is a merger... which is crazy IMO especially when I own 5000 shares and they are only worth $3
So looks like a mistake well learned but now I'm worried about some of these other penny stocks I have and getting charged these crazy fees.
Any advice? I'm a little bit worried now lol. Is there any way to know ? FOr instance my BLSP looks like it might do that.
I feel like such a noob, but wow.. caught me off guard!
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Niffla]
#27774085 - 05/12/22 01:43 PM (1 year, 8 months ago) |
|
|
Quote:
Niffla said: A few short months ago I had around 44K in stocks. It's now around 30K.
It just goes down every single day.
I don't know whether to laugh or cry.
Do you have any liquidity?
-------------------- [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]
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 6 hours, 47 minutes
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SudoNimh]
#27774118 - 05/12/22 02:01 PM (1 year, 8 months ago) |
|
|
Thanks for the info on ketamine treatment SudoNimh, very interesting indeed (and I also love your Secret of Nimh avatar - reminds me of the very specific and wonderful wonder of being a kid).
Fiery: I honestly have never heard of a merger or share split resulting in the fees you describe, but then I never really trade penny stocks either, as typically there is good reason why they are valued so low. Frankly, my best advice would be for you to get off of the "pink sheets" (where less regulated penny stocks trade) and into more established companies.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
Niffla



Registered: 06/09/08
Posts: 46,484
Loc: Texas
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27774356 - 05/12/22 04:59 PM (1 year, 8 months ago) |
|
|
Quote:
TheFakeSunRa said:
Quote:
Niffla said: A few short months ago I had around 44K in stocks. It's now around 30K.
It just goes down every single day.
I don't know whether to laugh or cry.
Do you have any liquidity?
I have a little bit in a savings account just sitting there. For a rainy day. Not much, though. Like 10 grand. If that.
All this is basically my entire life savings. Most everyone I talk to says to just ride it out and that it will eventually go back up. But shit it's not like I'm in my 20's anymore. Or even 30's. I'm 42 now and it's jarring for me watching what little I have evaporate in such a short amount of time.
--------------------
HAIL OUR NEW OTD KING
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Niffla]
#27774447 - 05/12/22 06:07 PM (1 year, 8 months ago) |
|
|
That’s real bad. Have you learned how to do options and day trade momentum scalps and all that?
-------------------- [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]
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SudoNimh]
#27774470 - 05/12/22 06:38 PM (1 year, 8 months ago) |
|
|
@ SudoNimh- Thank you for the perspective and such a detailed response!
You inside information on Ketamine is awesome to read about so thanks for sharing this is a great report!
Amazing testimonial about the combat vets!
ALSO! Thanks for answering your perspective about the NUMI stock but this is weird. I thought I owned NUminess Wellness but the stock is named NUMIF and is priced at .24 cents right now. - but it's labeled as Numiness Wellness INC
What is going on here??? Why is the price different on each exchange? Are my OTC stocks legit or is the Toyko stocks the legit ones?
I'm so confused lol.
I have OTCMKTS: NUMIF - Which is labeled as NUMINESS WELLNESS INC
But theres also a TSE: NUMI labeled as NUMINESS WELLNESS INC
SO is it bad that I own the one from Over the Counter exchange as opposed to the Tokyo Stock exchange?
Anyone know why the price is different ?
Edited by Fiery (05/12/22 06:44 PM)
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Fiery]
#27774478 - 05/12/22 06:46 PM (1 year, 8 months ago) |
|
|
If anyone else can chime in on this, I would greatly appreciate it.
I can't even buy the NUMI stock from the TSE( Tokyo stock exchange) for .34 cents( on Etrade), but I CAN buy the OTC stock for the same company for .24 cents.
Is one safer? are they both legit? I'm so confused now about Numiness Wellness. And why it's on two exchanges with a different price?
|
SudoNimh
Stranger



Registered: 04/19/22
Posts: 16
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Fiery]
#27774728 - 05/12/22 09:17 PM (1 year, 8 months ago) |
|
|
geokills,
You're welcome for the ketamine response It's a bit long-winded but does come with decades of experience haha Thanks for reading it. I loved NIMH and, if you didn't know, that movie (including the acryonym NIMH) was based off of a study regarding rodent communities that is fascinating.
Fiery,
Ooooooof, my fren. I lost 10k in the last year as well. Feels absolutely shitty, man. I made about 100k in real estate stuff though. I was getting out of that because I saw the writing on the wall for my locally hyperinflated market and impending collapse. This all feels very 2008 right now. I hope I'm wrong.
I stumbled across NUMI this week when researching promising OTCs as they can be a jackpot or a bust. When buying 100 shares adds up to $34. It doesn't seem like much. Those fees are new to me but this will be my first pink sheet that I actually buy. I normally would never but my involvement in the psych-psych treatment community has me curious. I've seen some investors that I follow call OTCs the "unknown market" or some similar euphemism.
OTCs are just broker deals as these companies don't meet the requirements for markets like the NYSE for example. It's slightly more of an educated guess than buying a lottery ticket lol But, with something like NUMI and the niche that they satisfy, moves they are making to stay legitimate, stay relevant, and globalize is exactly what you look for in pink sheet unicorns. This is such a rare combo, that it's the first time I've felt good about one.
I wish I had more liquidity atm. I'm liquidizing other assets to do so though... but HODLing everything in crypto/stock. Weathering the financial storm atm and I hope it passes soon :/
Anything that was profitable, investment-wise...? Are you diversified outside of stocks/currencies as well? The market has been so bullish for so many years that it just isn't sustainable.
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: SudoNimh]
#27774759 - 05/12/22 09:40 PM (1 year, 8 months ago) |
|
|
Quote:
SudoNimh said:
I stumbled across NUMI this week when researching promising OTCs as they can be a jackpot or a bust. When buying 100 shares adds up to $34. It doesn't seem like much. Those fees are new to me but this will be my first pink sheet that I actually buy. I normally would never but my involvement in the psych-psych treatment community has me curious. I've seen some investors that I follow call OTCs the "unknown market" or some similar euphemism.
OTCs are just broker deals as these companies don't meet the requirements for markets like the NYSE for example. It's slightly more of an educated guess than buying a lottery ticket lol But, with something like NUMI and the niche that they satisfy, moves they are making to stay legitimate, stay relevant, and globalize is exactly what you look for in pink sheet unicorns. This is such a rare combo, that it's the first time I've felt good about one.
I agree, but what's up with it being listed on two different exchanges for two different prices? Both in USD I'm pretty sure.
My OTC broker price is only 24 cents a share, but the Tokyo stock exchange has it for 34 cents
This is what has me confused and worried about it because I've never seen this.
But I agree, that's why I'm still holding even when I'm in the red like 86 percent because I bought in at $1.50, not just because I'm stuck with the bag but because I believe in it.
|
pslyke
fantasmagoric



Registered: 06/12/10
Posts: 4,101
Loc:
Last seen: 7 hours, 51 minutes
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Fiery] 3
#27775084 - 05/13/22 04:37 AM (1 year, 8 months ago) |
|
|
TSE is the Toronto Stock Exchange, not Tokyo.
The difference in price between the OTC and TSE listing is primarily due to the difference in currency value for USD and CAD respectively.
Both of the tickers you listed are for the same company, listed on different exchanges.
-------------------- "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
|
Niffla



Registered: 06/09/08
Posts: 46,484
Loc: Texas
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27775115 - 05/13/22 05:27 AM (1 year, 8 months ago) |
|
|
Quote:
TheFakeSunRa said: That’s real bad. Have you learned how to do options and day trade momentum scalps and all that?
No I don't know shit. Honestly I'm a total novice when it comes to this. 
I'm fucked
--------------------
HAIL OUR NEW OTD KING
|
pslyke
fantasmagoric



Registered: 06/12/10
Posts: 4,101
Loc:
Last seen: 7 hours, 51 minutes
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Fiery]
#27775218 - 05/13/22 07:34 AM (1 year, 8 months ago) |
|
|
As far as which one to buy (OTC vs TSE) there are several things I consider when making the choice.
What's the average trade volume per day? I tend to select the exchange that has the bigger trade volume for a particular stock as it is generally easier to get in/out smoothly.
What's your primary currency? If you're American and you are buying stocks listed on the TSE you are buying in CAD funds. You need to consider not only what the stock price is going to do, but also factor in swings in currency value. This can work in your favor or against, but definitely adds another important factor to consider.
-------------------- "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
Edited by pslyke (05/13/22 07:34 AM)
|
Fiery
Sword of Fire


Registered: 12/24/12
Posts: 36,574
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: pslyke]
#27775258 - 05/13/22 08:14 AM (1 year, 8 months ago) |
|
|
Thank you so much for clarifying that... I was worried that one of them was like a fake shell company or something...
I think I am going to buy some more NUMI just to bring my average cost down a little bit... and then hold for the long term on speculation.
I just need to get out of E-trade into a brokerage that does not charge $38!!! for a reverse stock split or a merger.
Any recommendations for companies that don't charge crazy fees like that? I was looking at CHarles Schwab and I think they might be one... I looked over their fees schedule pretty careful but I might call them to make sure.
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Niffla]
#27775309 - 05/13/22 09:09 AM (1 year, 8 months ago) |
|
|
Quote:
Niffla said:
Quote:
TheFakeSunRa said: That’s real bad. Have you learned how to do options and day trade momentum scalps and all that?
No I don't know shit. Honestly I'm a total novice when it comes to this. 
I'm fucked
How many different stocks do you own?
-------------------- [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]
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27775326 - 05/13/22 09:21 AM (1 year, 8 months ago) |
|
|
Niffla buddy we’ve been buds on this space for a long time
You don’t need to facepalm or cry or say I’m fucked
We can work together, solicit advice, target swing trades and moves. Just this morning,I sold IN THE GREEN all profit $200
A bear market like this offers opportunity. We need to limit your exposure. Get surgical. And build this fucker back and beyond. Keep your head up, bro.
-------------------- [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]
|
ashfiken
TotalCrazyasshole


Registered: 09/06/06
Posts: 3,072
Loc: SCranton
Last seen: 16 hours, 5 minutes
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: TheFakeSunRa]
#27775368 - 05/13/22 09:52 AM (1 year, 8 months ago) |
|
|
I'm worried he's like many of us and that is in a 401k type of scenario.
Accounts that are so mishandled and difficult to manage oneself to escape risk as it is building.
Alternatively, having an IRA would mean his broker or himself should be able to work the portfolio in downturn times in order to stabilize more in cash, minimize losses, and remain exposed/gain exposure as the downturn continues and rebounds (whenever that may be). Many ppl in 2007-2008 lost their ass bc the only exposure they had to the broad equity market was 401ks these were decimated, leaving many approaching retirement with next to nothing compared to what they had worked for(with little to no time) to recoup and recapitalize on a turnaround market before retiring This forced many to work longer into their "retirement" age, and many to live lifestyles that were below what they earned with their lifelong production and, in the end, unfortunate reliance on a system that doesn't really empower the worker. Unlike 401ks predecessor, pensions, which are guaranteed retirement instead of a ? based on the whims of wall street and the general flimsy sort of economy we are growing into.
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
|
Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 48 minutes, 15 seconds
|
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ashfiken] 1
#27775398 - 05/13/22 10:11 AM (1 year, 8 months ago) |
|
|
Other than my 401k, I've put all my cash in cash, literally. Now that inflation has shown some signs of decreasing I'm going to get back in. I don't even want to think about decisions. Just put it in a zero expense index fund 2k at a time. There might be a recession, but the damage to the market usually happens earlier, then the market does fine while mains street is suffering.
-------------------- "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,
|
|