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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 05-03-2019, 09:42 AM   #2821
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I hope some of you were paying attention to (BYND). There's a lot of emotion built into this one that might allow for some fun.
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Old 05-03-2019, 09:53 AM   #2822
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Why are you clinging to it? It's a sunk cost, and just waiting forever on the hope that you don't lock in your loss isn't exactly the best decision to make TODAY.

If you sold it, whatever, six months ago, and put the whole thing into an S&P 500 index fund, you'd have a tax loss to use again tax gains, and appreciation on the index fund. Instead, you're just chasing your tail hoping that you catch it. Why?
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Old 05-03-2019, 10:04 AM   #2823
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It's too early to dump it. Long-term play, at least until the Chinese market turns.
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Old 05-03-2019, 04:07 PM   #2824
Hog's Gone Fishin Hog's Gone Fishin is offline
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I bought a shitload of KBLB years ago at.02.. Sold it at .04 bought it back at .06 sold it at .04 . so I made some then lost some. I'm too ****ing impatient.

I thought they had a great product and I got in at the beginning. They cross silkworms with spider dna and make a super strong spider silk that the military is using for ballistic vests. Stronger than Kevlar. I talked my brother into buying 100,000 shares. He's a military guy so he said hell yeah. Well he owns those shares still and I have none.

Today it closed at .2499

I had like 500,000 shares at one time. ****!
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Old 05-03-2019, 04:57 PM   #2825
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Old 05-03-2019, 05:01 PM   #2826
Hog's Gone Fishin Hog's Gone Fishin is offline
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Buy MGM Resorts International.
Why?
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Old 05-03-2019, 05:11 PM   #2827
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Old 05-05-2019, 03:12 PM   #2828
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Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.Hammock Parties is obviously part of the inner Circle.
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Old 05-07-2019, 02:51 PM   #2829
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
I bought a shitload of KBLB years ago at.02.. Sold it at .04 bought it back at .06 sold it at .04 . so I made some then lost some. I'm too ****ing impatient.

I thought they had a great product and I got in at the beginning. They cross silkworms with spider dna and make a super strong spider silk that the military is using for ballistic vests. Stronger than Kevlar. I talked my brother into buying 100,000 shares. He's a military guy so he said hell yeah. Well he owns those shares still and I have none.

Today it closed at .2499

I had like 500,000 shares at one time. ****!
MOTHER **** SON OF A GOD DAMN BITCH!!!!!!!! .34 NOW

i'D HAVE $170,000
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Old 05-09-2019, 09:33 AM   #2830
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Old 05-09-2019, 09:34 AM   #2831
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 05-09-2019, 09:34 AM   #2832
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Old 05-09-2019, 09:41 AM   #2833
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I’m worried that China is going to retaliate tomorrow and **** the market
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Old 05-09-2019, 09:45 AM   #2834
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It's too early to dump it. Long-term play, at least until the Chinese market turns.

I don't see the logic here. Let's say your stock in the company is worth -- whatever - $1,000 today. It is utterly irrelevant how much you spent to GET that stock. That is where you are today.

Your choices are:

1. sell, lock in the loss (which can be used to offset taxable gains elsewhere), invest in something else, or

2. hold, waiting for...something. The stock to recover so you take no loss I guess. Or less of one.

Would you be better off a year from now, or ten, if you sold today, took the loss, had the tax write off, and invested in teh S&P 500 or whatever, or continued to hold this dog of a stock? The answer is likely clear. If your stock is down, whatever, 50%, then you don't need it to go up 50%, you need it to go up 100% to get back to even. What are the chances of that? Yeah, likely not good. If the odds were good it was going to go up 100%, then it's a strong buy for EVERYONE, not just a hold for you. But are people buying? Apparently not.


This is nothing more than the Disposition Effect in action.

https://en.wikipedia.org/wiki/Disposition_effect
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Old 05-09-2019, 10:33 AM   #2835
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Boeing currently at $371. I just put in a limit order to buy a small amount if the price gets to $350 or less. Will probably never execute, which is fine.

Guess what order just got filled at $347.94? We'll see if it takes off, or if I got a small discount on a stock on an extended spiral heading into a crash landing...
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