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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
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Old 05-10-2020, 06:43 PM   #4726
Abba-Dabba Abba-Dabba is offline
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I would be glad to answer but Im a Billionaire.....not a millionaire
We always knew you would make it. Have you been requesting others to address you as "big time" now? if not, I highly recommend it. It will definitely set you above the pack.
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Old 05-10-2020, 06:51 PM   #4727
petegz28 petegz28 is online now
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Originally Posted by RubberSponge View Post
Just looking for some opinions on what any one of you millionaires would do.

Closed on Friday just over 20. Do you sell, sell and reposition, or hold?
Write some calls against your position and buy some puts to lock you in if you are considering selling. Otherwise let it ride or sell out altogether.
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Old 05-10-2020, 07:03 PM   #4728
Abba-Dabba Abba-Dabba is offline
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Originally Posted by lewdog View Post
Trailing stop loss until you decide on another play?
Are you worried about another downturn fairly soon? Any ideas on another play? I can't help but think this has more room to run tbh.

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Originally Posted by Munson View Post
Sell enough to cover your original investment, and let the rest ride?

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Originally Posted by Rain Man View Post
That's generally what I like to do. It guarantees that you won't lose money.

If he's tripled his money, I'd even consider selling 2/3rds of it to guarantee doubling my money.

What do you do with the original investment? Surely you don't just let it sit and make no money?
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Old 05-10-2020, 07:15 PM   #4729
Abba-Dabba Abba-Dabba is offline
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Write some calls against your position and buy some puts to lock you in if you are considering selling. Otherwise let it ride or sell out altogether.
I am really down with a pigs go to slaughter approach on this through the year.

I don't see any real need to sell out. With the markets ability to rebound from COVID and NAIL being at over 90some in late Feb. all the way down to 6 in Mar. My greed can't help but let me think that it could be 60 in Oct.
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Old 05-10-2020, 07:16 PM   #4730
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Originally Posted by RubberSponge View Post
Are you worried about another downturn fairly soon? Any ideas on another play? I can't help but think this has more room to run tbh.







What do you do with the original investment? Surely you don't just let it sit and make no money?
I’m just saying why cap the ceiling on profit unless you believe it’s topped out? Follow with a trailing stop loss so you can obtain more profits (sell when it’s really over valued) but also set a floor to maintain most of your profits to this point if the market turns.
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Old 05-10-2020, 08:58 PM   #4731
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I am really down with a pigs go to slaughter approach on this through the year.

I don't see any real need to sell out. With the markets ability to rebound from COVID and NAIL being at over 90some in late Feb. all the way down to 6 in Mar. My greed can't help but let me think that it could be 60 in Oct.
Then I would be writing some calls and if anything buying some puts to lock in what profit you have. I have a feeling this rally is nothing more than a bear market rally at the moment. If we can cross the 200 day moving average on the SPY then I might change my mind and we are close but we haven't done it yet.
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Old 05-11-2020, 02:11 AM   #4732
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Old 05-11-2020, 02:34 AM   #4733
Hammock Parties Hammock Parties is online now
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Q: How did Clay become a millionaire?

A: He started with a few billion!
Hey you fat hooker ****er, I made money on IBIO, I made money on VTIQ, and I'm about to make even more.

Piss off.
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Old 05-11-2020, 07:34 AM   #4734
Hammock Parties Hammock Parties is online now
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Time to sell VTIQ. Up another 20% today.
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Old 05-11-2020, 08:47 AM   #4735
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Out of VTIQ.

Got in at 13.70 and sold at 18.90.

Another Strongside winner. Patiently awaiting the next one.
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Old 05-11-2020, 08:51 AM   #4736
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Old 05-11-2020, 10:15 AM   #4737
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Next buy is Cheesecake Factory.

They should be skyrocketing soon with all the fatties going out to eat again.

Let them eat CAKE.
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Old 05-11-2020, 10:17 AM   #4738
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Tesla continues to power through the bullshit.
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Old 05-11-2020, 10:26 AM   #4739
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Next buy is Cheesecake Factory.

They should be skyrocketing soon with all the fatties going out to eat again.

Let them eat CAKE.
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Old 05-11-2020, 10:45 AM   #4740
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Tesla continues to power through the bullshit.
I'm a supporter, but I don't think I could handle that stock. It never seems to do anything anywhere close to what seems logical.
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