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What Did You Buy Today?
(01-25-2021, 11:38 AM)vbin Wrote:
(01-25-2021, 10:55 AM)Otter Wrote:
(01-25-2021, 10:42 AM)kblake Wrote:
(01-25-2021, 10:22 AM)Otter Wrote:
(01-25-2021, 10:05 AM)kblake Wrote:  Like I said it's based on the future. Its cheap based on future sales.  They have cash flow no debt or loan. I don't question the traders who keep bidding it up lol

We all should be questioning GME at $100. This stock should be worth $5  Big Grin 

If it goes up any higher I will buy puts

I've now sold 5 2/19/21 GME $20 Puts at an average of $0.80 per contract. Their balance sheet has been cleaned up substantially, an activist investor appointed to the board who is focused on continuing to grow online sales (2020 was a 300%+ growth rate for online sales), and they are undergoing the mother of all short squeezes right now. 

Worst case scenario, the stock drops more than 85% in three weeks, and I end up owning 500 shares at $20/share, plus the $400 I pocketed for selling the puts.
GME is not even worth $20 a share. They nearly went bankrupt last year. The stores have been dead for years. The only reason why the stock is up this high is because it was being hyped on every stock board known to man  Big Grin  and it was the 2nd most shorted stock. The news of the activist is not the reason its up $125 from its lows.

Same thing is happing to TR right now. Yes that boring stock Tootsie Roll. This market is bonkers. Just buy the top 5 shorted stocks and make millions  Big Grin

A lot of the same was said about CHWY when it was $35/share. Cohen knows what he is doing.

The company had over $100 million cash on hand at the end of October, more than $300 million operating income at the end of FY2018, and it would be trivial for them to do a small issuance at current prices to eliminate their debt (pulling a TSLA). 

I think the odds of them being under $20 in three weeks time is low. Pretty sure I will get to keep the $400 and not own any shares in mid-February.
WSB folks still buying it blindly. I hope that $10Million guy took some profits. Good luck to you.

Buying weeklies is well beyond the amount of risk I'm willing to take on. Don't mind selling them, though (covered calls or cash-secured puts only).

The only options I buy these days are LEAP calls, minimum 1yr duration. Still a small portion of my overall portfolio. At least with LEAPs, the statistical odds are on your side, especially so in a situation like 2020-2021, where Fed monetary policy looks to be accommodative, additional stimulus funding is likely to be passed (via reconciliation process if nothing else), and the value of the dollar continues to erode. The real economy can do absolutely nothing in 2021, but if the value of the dollar erodes significantly, the S&P 500 should reflect substantial gains (in excess of the usual 10% annual gains). There is a phenomenal author on SA who writes very clearly and intelligently about macro economic/monetary issues:

https://seekingalpha.com/author/lyn-alde...r_articles

Highly recommend her stuff. She rarely writes about any specific equity, but focuses more on economic/monetary trends and what central banks are doing. I find a lot of her articles very useful for thinking about what the market is likely to look like 1, 3, 5 years out, based on what is happening now, and what central banks are telegraphing for the future. A black swan like COVID can always cause sudden, unexpected changes, but there's no planning for that aside from the usual steps of diversification and limiting portfolio risk to what you are comfortable with.
Added to BAM and PBCT.
Added MA, V and LMT
(01-25-2021, 02:01 PM)divmenow Wrote: Added MA, V and LMT

Solid buys. I added to V, HD, WFC and NOC and sold NNDM, FCEL and PENN near the highs today in my trade account. 

Todays has been a wild ride. I was down $2600 at one time and now only down $56 lol

I guess people bought the dip
Added KMB, bought INTC after getting out at 60.
(01-25-2021, 01:23 PM)Otter Wrote:
(01-25-2021, 11:38 AM)vbin Wrote:
(01-25-2021, 10:55 AM)Otter Wrote:
(01-25-2021, 10:42 AM)kblake Wrote:
(01-25-2021, 10:22 AM)Otter Wrote: I've now sold 5 2/19/21 GME $20 Puts at an average of $0.80 per contract. Their balance sheet has been cleaned up substantially, an activist investor appointed to the board who is focused on continuing to grow online sales (2020 was a 300%+ growth rate for online sales), and they are undergoing the mother of all short squeezes right now. 

Worst case scenario, the stock drops more than 85% in three weeks, and I end up owning 500 shares at $20/share, plus the $400 I pocketed for selling the puts.
GME is not even worth $20 a share. They nearly went bankrupt last year. The stores have been dead for years. The only reason why the stock is up this high is because it was being hyped on every stock board known to man  Big Grin  and it was the 2nd most shorted stock. The news of the activist is not the reason its up $125 from its lows.

Same thing is happing to TR right now. Yes that boring stock Tootsie Roll. This market is bonkers. Just buy the top 5 shorted stocks and make millions  Big Grin

A lot of the same was said about CHWY when it was $35/share. Cohen knows what he is doing.

The company had over $100 million cash on hand at the end of October, more than $300 million operating income at the end of FY2018, and it would be trivial for them to do a small issuance at current prices to eliminate their debt (pulling a TSLA). 

I think the odds of them being under $20 in three weeks time is low. Pretty sure I will get to keep the $400 and not own any shares in mid-February.
WSB folks still buying it blindly. I hope that $10Million guy took some profits. Good luck to you.

Buying weeklies is well beyond the amount of risk I'm willing to take on. Don't mind selling them, though (covered calls or cash-secured puts only).

The only options I buy these days are LEAP calls, minimum 1yr duration. Still a small portion of my overall portfolio. At least with LEAPs, the statistical odds are on your side, especially so in a situation like 2020-2021, where Fed monetary policy looks to be accommodative, additional stimulus funding is likely to be passed (via reconciliation process if nothing else), and the value of the dollar continues to erode. The real economy can do absolutely nothing in 2021, but if the value of the dollar erodes significantly, the S&P 500 should reflect substantial gains (in excess of the usual 10% annual gains). There is a phenomenal author on SA who writes very clearly and intelligently about macro economic/monetary issues:

https://seekingalpha.com/author/lyn-alde...r_articles

Highly recommend her stuff. She rarely writes about any specific equity, but focuses more on economic/monetary trends and what central banks are doing. I find a lot of her articles very useful for thinking about what the market is likely to look like 1, 3, 5 years out, based on what is happening now, and what central banks are telegraphing for the future. A black swan like COVID can always cause sudden, unexpected changes, but there's no planning for that aside from the usual steps of diversification and limiting portfolio risk to what you are comfortable with.
I like Lyn Alden's articles too. She does recommends stocks from time to time but mostly boring divy stocks. She is bulish on BTC though. She was recommending brookfield and so was @divmenow, I bought, lol.
So on CNBC they said that institutions are targeting stocks that have high amount of shorts. Forcing the shorts to cover. Example like GME. That’s absolute manipulation.

Man its beginning to look dangerous now. These kids that are investing based on that info and the boards are going to get a rude awakening soon.

GEVO is not one of those names but its up another 31% today. At some point this and NNDM, BNGO, OEG ect will get clobbered since they don't even make money.

I sold them all today near the highs and decided I played the game well and its now time to cash out a winner lol. I still hold some GEVO and OEG buts its now free money just to see how high they can take them. Just remember the higher they go, the more offerings they will do. All these companies need money to survive. You all do what you want. Get RICH! I'm happy with 80-100% returns on hyped stocks lol

Like I said its good to have a trading account. You just have to know when to get out. What's that Kenny Rodgers song??? "You've got to know when to hold 'em
Know when to fold 'em, know when to walk away.. And know when to run" LOL

I only use my trade account to make a few bucks and then turn around and use those proceeds on proven winners. GL all. Keep making money
(01-25-2021, 03:00 PM)divmenow Wrote: So on CNBC they said that institutions are targeting stocks that have high amount of shorts. Forcing the shorts to cover. Example like GME. That’s absolute manipulation.

Man its beginning to look dangerous now. These kids that are investing based on that info and the boards are going to get a rude awakening soon.

GEVO is not one of those names but its up another 31% today. At some point this and NNDM, BNGO, OEG ect will get clobbered since they don't even make money.

I sold them all today near the highs and decided I played the game well and its now time to cash out a winner lol. I still hold some GEVO and OEG buts its now free money just to see how high they can take them. Just remember the higher they go, the more offerings they will do. All these companies need money to survive. You all do what you want. Get RICH! I'm happy with 80-100% returns on hyped stocks lol

Like I said its good to have a trading account. You just have to know when to get out. What's that Kenny Rodgers song??? "You've got to know when to hold 'em
Know when to fold 'em, know when to walk away.. And know when to run" LOL

I only use my trade account to make a few bucks and then turn around and use those proceeds on proven winners. GL all. Keep making money
Well said. I agree this market is getting out of control. But some good has come out of this. While they are bidding up the hyped names some good names are being sold off in the process. We should be thanking those traders and robin hood thieves  Big Grin 

As Warren said: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
Bought fb and sold covered call for ~ 10% upside + bought a put to hedge.

Sold covered calls against all pltr stocks.

$200 for a 50 strike for 02/19. This market is nuts. I bet you most of the folks don't know lock.in expiration on 02/12 and 4 times more units becoming legible to flood the market.

Sold some ENDP, TEVA.


I was hoping to.hrab more.lmt before earnings but it ran up, missed on MA, V today.
(01-25-2021, 03:00 PM)divmenow Wrote: So on CNBC they said that institutions are targeting stocks that have high amount of shorts. Forcing the shorts to cover. Example like GME. That’s absolute manipulation.

Man its beginning to look dangerous now. These kids that are investing based on that info and the boards are going to get a rude awakening soon.

GEVO is not one of those names but its up another 31% today. At some point this and NNDM, BNGO, OEG ect will get clobbered since they don't even make money.

I sold them all today near the highs and decided I played the game well and its now time to cash out a winner lol. I still hold some GEVO and OEG buts its now free money just to see how high they can take them. Just remember the higher they go, the more offerings they will do. All these companies need money to survive. You all do what you want. Get RICH! I'm happy with 80-100% returns on hyped stocks lol

Like I said its good to have a trading account. You just have to know when to get out. What's that Kenny Rodgers song??? "You've got to know when to hold 'em
Know when to fold 'em, know when to walk away.. And know when to run" LOL

I only use my trade account to make a few bucks and then turn around and use those proceeds on proven winners. GL all. Keep making money
Yup... I had purchased 300 shares of NNDM @ 9.10 and cashed out today (had purchased them as the Ark Invest group was heavily investing in it).., I had also bought 200 shares of GOEV in pre-market today (not GEVO) and cashed out of it as well...  Not a bad day's profit !

I love watching "Jerry Romine" on YouTube... seems like he does pretty good analysis without any of the normal BS !
Anyone else you guys follow on YouTube ?




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