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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 03-25-2021, 02:45 PM   #8836
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Nice bounce on ZOM today. I should have bought back the 6000 shares that I sold last week. Instead I bought 200 shares at $1.49. Closed at $1.80
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Old 03-25-2021, 03:01 PM
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Old 03-25-2021, 03:39 PM   #8837
MTG#10 MTG#10 is offline
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BNGO is a real turd so far. What the **** Hog? That was really irresponsible of you harassing me to buy into that.
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Old 03-25-2021, 03:42 PM   #8838
Hog's Gone Fishin Hog's Gone Fishin is offline
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I'm sad that I paper-handed. Should have bought back in when it was under $9.
I got back in at 9.16
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Old 03-25-2021, 03:43 PM   #8839
Hog's Gone Fishin Hog's Gone Fishin is offline
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BNGO is a real turd so far. What the **** Hog? That was really irresponsible of you harassing me to buy into that.
Yeah, I know really sorry it didn't double in two days. It might actually take a month or so
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Old 03-25-2021, 03:55 PM   #8840
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Quote:
Originally Posted by Hog's Gone Fishin View Post
I got back in at 9.16
I didn't even know you sold it.

Quote:
Originally Posted by Hog's Gone Fishin View Post
Yeah, I know really sorry it didn't double in two days. It might actually take a month or so
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Old 03-25-2021, 04:07 PM   #8841
Hammock Parties Hammock Parties is online now
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Only a ****ing moron would own AMC after this week.
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Old 03-25-2021, 05:21 PM   #8842
Hog's Gone Fishin Hog's Gone Fishin is offline
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Only a ****ing moron would own AMC after this week.
Agreed ,I'm buying MOAR!
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Old 03-25-2021, 05:51 PM   #8843
MTG#10 MTG#10 is offline
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Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
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Old 03-25-2021, 05:53 PM   #8844
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by MTG#10 View Post
Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
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Old 03-25-2021, 05:59 PM   #8845
rydogg58 rydogg58 is offline
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Originally Posted by Hog's Gone Fishin View Post
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
This seems to be correct. If the supply is limited but the demand is high, the price for said commodity will be higher.
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Old 03-25-2021, 06:03 PM   #8846
MTG#10 MTG#10 is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
I get your reasoning, but the stock in question is the exact opposite...it moves at a snail's pace, + or - 20 cents every day. If it moves over 1.5% in a day its a miracle. You're most likely correct though, I figured the answer would be the exact opposite of what I thought.
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Old 03-25-2021, 06:15 PM   #8847
ChiliConCarnage ChiliConCarnage is offline
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Motley Fool is properly named, it's a joke. If I took their advice on meme stocks the last few months I would have missed out on thousands.They predicted AMC at .01 a few days ago.
Yeah, and thousands of other predictions. I searched Motley Fool AMC, at least a dozen articles in the last three days. Some, I'm sure buy now, some sell. It's randos who don't work for them being paid to pump spam articles for pennies. I haven't used their pay services but its clearly cheap advertising on their part. Dunno how you'd take it seriously.

I'd agree, it seems like it damages the reputation for their pay service to me. They must have data that says it's worth it, in terms of click throughs and subscription buy ins.
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Old 03-25-2021, 06:17 PM   #8848
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Originally Posted by MTG#10 View Post
Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
I don’t remember all the rules but if you have over a certain % of stock you
Have to disclose sales and purchases through the sec. I think there is a delay so it could potentially hamper market movement.

In the aggregate though it would depend on the other 10%. If it has asks and offers out at a higher percentage than other stocks there may not be much difference in the trade than other stocks that are held by buy and hold mutual funds or individual investors.

So the short answer is it depends
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Old 03-25-2021, 06:19 PM   #8849
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I get your reasoning, but the stock in question is the exact opposite...it moves at a snail's pace, + or - 20 cents every day. If it moves over 1.5% in a day its a miracle. You're most likely correct though, I figured the answer would be the exact opposite of what I thought.
What's the daily volume on it though? If nobody wants to buy it and there's only a few thousand shares traded daily then it's probably not going to move.
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Old 03-25-2021, 06:26 PM   #8850
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What's the daily volume on it though? If nobody wants to buy it and there's only a few thousand shares traded daily then it's probably not going to move.
Between 5-10 mil/day on average.
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