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gopher
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: gopher] 1
#28027756 - 11/01/22 12:18 PM (1 year, 2 months ago) |
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I got my first divendends today, I got a $1.78 from TD bank, I have 2 shares of it
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28029224 - 11/02/22 10:07 AM (1 year, 2 months ago) |
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Quote:
geokills said: AEHR and SGML are finally seeing some real rejection/selling today, after what has been an enormous run. I didn't chase these, but I do want to own them... so I'm going to be patient, looking for tags of their 20 day moving average as an opportunity to accumulate. For AEHR, that's presently around $18 (or better than 10% lower than where the stock is currently trading). For SGML, that's presently around $32.50 (better than 9% lower than where the stock is currently trading and almost 20% below today's peaky tag of $40).
Got my fill on those short Nov $17.50 AEHR puts @ $1. This will either yield 5.7% in 2.5 weeks, or I'll buy the stock with a net cost basis of $16.50 (stock currently trading at $18.63). I'm ok with either scenario.
I'm still looking to short those SGML $30 puts @ $1, but they haven't hit quite yet, they are close though, and I suspect some Federal Reserve induced volatility may allow these to trigger.
MARA tagging its 50 day moving average from above, but earnings are just around the corner and this one looks like it wants to tag the trendline off of this year's lows, which is another 6% lower. Certainly not unheard of for this thing to move 10% in a day, so we may even get there today if things remain weak. I put out an ask on some Nov $11 puts @ $0.50 to add to the small batch of short Nov $12 puts that executed yesterday.
Will also be watching for further weakness in general, to lead to a bounce on SPY @ $370-$375, where I would be a buyer if I see signs of other buyers stepping in alongside.
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28029235 - 11/02/22 10:25 AM (1 year, 2 months ago) |
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I just picked up some MARA at $11.83 and then some more at $11.50, so I'm 3/5 deep at 11.61 right now. Saving 2/5 for in case it drops below $11. I think the Fed is supposed to talk rates later, so...
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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gopher
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#28029255 - 11/02/22 10:37 AM (1 year, 2 months ago) |
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My 32 shares of pslv are $5.5 in the green, I buy ~10 shares a month and its hovered around $9 a share each purchess so far
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: gopher]
#28029272 - 11/02/22 10:56 AM (1 year, 2 months ago) |
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Hey gopher, I see you've been pretty active in here, particularly on the metals front, with silver as your focus in particular. It's always nice to see people figuring out how to put their idle capital to work, however if I may be so bold as to suggest, I believe your investment strategy is too concentrated. Now, if silver were in the midst of a bona fide breakout and momentum had the wind at its back, concentrating into the sector could surely lead to outperformance and I would understand buying PSLV in order to maintain nimble exposure for quick entries and exits as the momentum ebbed and flowed.
However, that's not really what's happening right now with silver, and so, I believe, you shouldn't necessarily be "burning the candle from both ends" by using your capital to accumulate physical silver at the same time that you are accumulating paper silver via the PSLV silver trust. If you want long term capital allocation to metal, by all means, keep scaling in... but if it's truly long term, you should probably just stick with the physical. If we see silver breaking out, that's when you may want to allocate toward something like PSLV.
Alternatively, if you want to build a diversified portfolio, which is generally the most productive approach, especially for novice investors, I would suggest allocating your stock holdings to sectors outside of the metals, especially into companies or funds that yield cash flow, i.e. dividends. Silver just doesn't have much going on right now. I know the stories about the alleged manipulation of the market, and I'm not saying they don't have some measure of truth to them, but the market is the market, and if the market price isn't working in your favor, it doesn't matter how smart you think you are or what you believe might "have to eventually happen", your money is just treading water if it's sitting in a dead trade. Big opportunity cost.
Just some food for thought anyway. To note, I do have long term exposure to metals myself, and believe it's generally a worthwhile sector to allocate a portion of one's asset base, but if you want to grow your wealth, it's just not the best tool to use at the moment.
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28029335 - 11/02/22 11:54 AM (1 year, 2 months ago) |
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Lotta talk about reigning in petroleum profits
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#28029608 - 11/02/22 03:23 PM (1 year, 2 months ago) |
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Whippy ride there on that Fed release, but what's new? Still going to watch SPY $370 for a bounce, but the selling into the close today was rather ferocious, so I'm not going to be looking to go gangbusters on anything. Might look to add an energy/oil name or two on further weakness, as they're really the only sectors (XLE & XOP for sector ETF's) that have been able to hang in there.
I did however add a bit more exposure, by selling another small tranche of AEHR Nov $17.50 puts, for $1.25 this time (and I have an ask out for a third small tranche @ $1.50). I also got filled on another small tranche of MARA weekly $11 puts @ $0.50. Those dang SGML Nov $30 puts asking at $1 still aren't hitting, but probably will if we get a weak open tomorrow.
Conservative stance overall, heavy on cash, but looking for opportunity.
Also interesting, check out the stats on the old leadership stocks! 
Year to date:
- AAPL down 20.33%
- MSFT down 34.26%
- GOOGL down 40.02%
- AMZN down 45.97%
- META down 73.26%
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28029627 - 11/02/22 03:38 PM (1 year, 2 months ago) |
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All over priced tech. I mean we're seeing liquidity dry up all over the place. I think everyone is doing the same thing and battoning down a bit both on Wallstreet and main street. I think consumer prices are hitting some sort of wall and nobody wants to have thier balls in the market bandsaw.
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Yokal
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#28029682 - 11/02/22 04:13 PM (1 year, 2 months ago) |
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this is how you buy options i Lost 8k not knowing what i was doing
bought 0.1 stock with 0.5 call, went up 18$ then to 1$ when it went down to 0.38, lost 80% of value 5$ -> 18$ -> 1$
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Yokal
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Yokal]
#28029686 - 11/02/22 04:14 PM (1 year, 2 months ago) |
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you shouldn't really mess with the stock market unless you like waking up early
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Yokal]
#28030368 - 11/02/22 10:38 PM (1 year, 2 months ago) |
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I do not . More of a brunch trader
-------------------- 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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CHeifM4sterDiezL
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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: ManianFH]
#28030828 - 11/03/22 08:51 AM (1 year, 2 months ago) |
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I mean what are people thinking here should we be buying Amazon Walmart stuff like that right now or are we gonna hit some kinda massive recession?
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28030830 - 11/03/22 08:51 AM (1 year, 2 months ago) |
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Looks like we are getting that little bit of reflexive buying I was looking for at around $370 SPY. I entered into a small initial position in SSO, a 2X SPY leveraged ETF. I find it an easier way to trade in and out of SPY, using leverage with less slippage relative to options, in volatile environments. Stop at low of day.
I never got my fill on the short AEHR Nov $17.50 puts @ $1.50, but happy with the decent sized position I put on @ $1 and $1.25. I did get my fill on the short SGML Nov $30 puts @ $1 on this morning's weakness, and now the stock is up over 6%! If we get another draw down on this one, I will be a little more aggressive, as I actually want long term exposure to this name, and I'm thinking those short puts are just going to expire worthless, which is great for capturing premium, but not so great for building a long term position.
By no means are we out of the woods, but there is a little bounce here and I think it is worth playing.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28030849 - 11/03/22 09:09 AM (1 year, 2 months ago) |
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I think the level of uncertainty is still very high and there's alot of indicators still trending to leaning toward more pain to come. I think we're already seeing the beginning stages of some degree of recession
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#28030865 - 11/03/22 09:23 AM (1 year, 2 months ago) |
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You could of course be right, which is why I am conservatively building positions in select issues that have generally been bucking the trend and for which I seek long term exposure (e.g. AEHR & SGML) via selling puts instead buying straight common, let alone buying calls.
I will however recognize that the pendulum always swings both ways, and that even in the most vicious of bear markets, impressive rallies may manifest. Hence why I'm swinging things like SSO around for short term trades, utilizing both tight stops and small position size our of respect for the volatility that is present.
Position size is an often overlooked and very important factor here. I'm currently trading with perhaps 25% of the capital that I would have been using in years prior when the trend was definitively higher, and the capital I am using, is being utilized more defensively through the strategies outlined above, whereas in higher trending markets I would definitely be loading up on calls.
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28030873 - 11/03/22 09:28 AM (1 year, 2 months ago) |
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Yes up down or sideways there's always money to be made especially in the derivatives market. Just a matter of navigating thru the landmines
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#28030984 - 11/03/22 10:58 AM (1 year, 2 months ago) |
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Adding a little exposure to HOOD here. It's been basing all year, a real nice drawn out curved basing pattern. Earnings just came out and the stock is up 10%. Generally don't like chasing breakouts, but I am going to leg in here because the basing pattern is really quite solid. 200 day SMA is only a few % overhead, and likely to serve as a bit of resistance. Expecting a bit of a "handle" to form in that area, with $15+ as a primary/minimum target, which is 20% higher than the current price of $12.50. Stop @ yesterday's low of $11.32.
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28031030 - 11/03/22 11:32 AM (1 year, 2 months ago) |
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Raytheon and other aerospace not doing bad today
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#28031111 - 11/03/22 12:36 PM (1 year, 2 months ago) |
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RTX looking ok, although it's had a pretty big move off the recent lows, for a stock that doesn't typically tend to move very quickly.
The cannabis stocks look like they want to start coming back from the dead. CGC showing some high volume accumulation at these low lows (although earnings are in a week or so, so I wouldn't want to buy it right now). TLRY on the other hand, already reported and is also showing some higher than average accumulation in the wake of the report. Both issues have their 200 day moving averages overhead, but they are worth watching and maybe even taking a little nibble at these levels.
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#28031196 - 11/03/22 01:55 PM (1 year, 2 months ago) |
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Not feeling too groovy about the close here. Took off my position in SSO for a wash. AEHR is definitely the strongest of the bunch that I've been watching today.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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