Money Investing megathread extravaganza - Page 693

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**banyon** · 07-02-2021, 10:52 AM

Quote:

Originally Posted by scho63

Reverse splits FAIL 95% of the time. They are NEGATIVE not positive.

Normal splits of 3:1 or 5:4 or 2:1 indicate a growing strong company.

Reverse splits are the OPPOSITE of forward splits and also the opposite in terms of success.

This is correct. In sub 1.00 stocks it is usually done because the company is trying to avoid the Nasdaq delisting rule that you have to be above 1.00 for a certain amount of time. Usually a penny stock that is going to be diluted over and over and over again until it goes bust.

**banyon** · 07-02-2021, 12:25 PM

Strong day for FANGMAN

KChiefs1 · 07-02-2021, 02:34 PM

Quote:

Originally Posted by TambaBerry

Doubled my position in AMC today

Congratulations

I’ll never be able to do that.

I bought in at $26.12 & as long as it stays around $50 I’ll be alright.

I think I’ll sell @ $40 but maybe $35 if it gets that low. Still a profit but no multimillionaire.

TambaBerry · 07-02-2021, 02:53 PM

51 was the low threshold if it would have stayed below it we would have more then likely lost but I think we'll be fine now. Going to squeeze soon

eDave · 07-02-2021, 02:56 PM

I'm looking for a pop on Monday. Like after Memorial Day. Pattern is the same.

**lewdog** · 07-02-2021, 03:41 PM

Quote:

Originally Posted by Hog's Gone Fishin

From stocktwits, several posts reporting the same thing.

$AMC
4:53:51PM
AMC
Seeing After-Hours Block Trade In AMC: ~548K Shares At $52.03

So it may go up 1%? I mean, is this that significant?

MTG#10 · 07-02-2021, 04:00 PM

Quote:

Originally Posted by eDave

I'm looking for a pop on Monday. Like after Memorial Day. Pattern is the same.

Market closed Monday

Captain Obvious · 07-02-2021, 04:23 PM

Quote:

Originally Posted by scho63

Reverse splits FAIL 95% of the time. They are NEGATIVE not positive.

Normal splits of 3:1 or 5:4 or 2:1 indicate a growing strong company.

Reverse splits are the OPPOSITE of forward splits and also the opposite in terms of success.

Thanks to all who weighed in. I knew that movement had to be abnormal. I didn't get out at the top of the run, but got out at 6.08. Not too shabby for an "oh, what the hell" lottery ticket.

scho63 · 07-03-2021, 11:55 AM

Quote:

Originally Posted by scho63

Really liking AAPL here at $125

Quote:

Originally Posted by scho63

For you guys liking lower priced stocks, check out CAPR.
Capricor Therapeutics. $5.50
Expecting a pop to $7.5-$8 on good news from conference this week

Great call I made on APPL from June 7th

Horrible call I made on CAPR from last week.

Gotta own the good with the bad......

**lewdog** · 07-03-2021, 12:52 PM

Quote:

Originally Posted by scho63

Great call I made on APPL from June 7th

Horrible call I made on CAPR from last week.

Gotta own the good with the bad......

AAPL had been nice. I scaled out more at 140 Friday. Leaving 1/3 of original position to run by moving stop to previous day’s low until I’m stopped out.

**lewdog** · 07-03-2021, 01:47 PM

Need some God damn stock tips from you guys!!!

**lewdog** · 07-03-2021, 02:34 PM

Quote:

Originally Posted by Hog's Gone Fishin

What you drinkin , Keystone for me, LOLOL

Whiskey sour followed by Kokanee.

displacedinMN · 07-03-2021, 02:37 PM

Quote:

Originally Posted by lewdog

This is all very subjective and you really have to figure out how risky you'd like to be with trading.

I lean to the more conservative side. Many traders are much more aggressive than I am. I prefer a lot of little-medium successes while others prefer being less accurate and trade for the home run.

Market conditions also precipitate how aggressive you should be. When things are whip-sawing, I am much tighter with stops. When things are going well, my initial stop loss may stay for days at a time.

With ENTG I was more conservative because it's previous best close was 122.05. So I tightened stop losses near this area in case it met resistance again. This did lead me to getting stopped out completely, which is fine as I locked in a 5% win. Had this stock been still retracing a previous high, I may not have been as tight with my stop. If you want to be aggressive with this trade you could sell 25% now and keep your original stop loss. If you'd like to be more conservative you could sell 25% now and set stop to right below intraday low of 6-28 at 118.49 (This scenario means it will be a green trade for sure).

My strategy for most trades is to sell 25% of the position when I hit a 5% gain. I then scale out another 50% of the position near 8-10% and absolutely raise my stop loss at this time. If my trading hasn't been going as well as I'd like, when I hit a 5% gain I also raise my stop to break even so that even if I get stopped out, I keep that trade green. If you prefer a stock to run but want to stay green, just keep raising your stop to the previous day's low.

My wife works for Entegris. Kicking ass all.pandemic

**lewdog** · 07-03-2021, 03:27 PM

Not sure what thread to put this in!

Drinking and charting in the dark with nap time here. My office doesn't have a door on it and the nosy 3 year old will get up if any light is on! Kokanee with lime.

**lewdog** · 07-03-2021, 03:29 PM

Here’s the stocks that made the top of my screener heading into next week

It's entry price (which the stock must confirm, stop loss price and percent risk given entry/stop loss)

ALGN 629.35, 607.50, 3.5%
RTX 87.40, 85.20, 2.2%
SGH 48.45, 46.95, 3.1% retrace 55
FAT 13.57, 13, 4.2%
CIEN 58.48, 56.99, 2.5%
JAZZ 182.92, 176.70, 3.4%

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,117

07-02-2021, 12:25 PM	#10382
banyon Supporter Join Date: Aug 2005 Location: Hermosa, SD Casino cash: $10176551	Strong day for FANGMAN __________________ “When war breaks out people say: 'It won't last, it's too stupid.' And war is certainly too stupid, but that doesn't prevent It from lasting.” ~Albert Camus, The Plague.
Posts: 44,355

07-02-2021, 02:53 PM	#10384
TambaBerry MVP Join Date: Jan 2013 Casino cash: $-1324459	51 was the low threshold if it would have stayed below it we would have more then likely lost but I think we'll be fine now. Going to squeeze soon
Posts: 10,922	2 0

07-02-2021, 02:56 PM	#10385
eDave Banned Join Date: Jan 2013 Casino cash: $9998560	I'm looking for a pop on Monday. Like after Memorial Day. Pattern is the same.
Posts: 53,803	1 0

07-03-2021, 01:47 PM	#10391
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1338100	Need some God damn stock tips from you guys!!!
Posts: 46,294

07-03-2021, 03:27 PM	#10394
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1338100	Not sure what thread to put this in! Drinking and charting in the dark with nap time here. My office doesn't have a door on it and the nosy 3 year old will get up if any light is on! Kokanee with lime.
Posts: 46,294

07-03-2021, 03:29 PM	#10395
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1338100	Here’s the stocks that made the top of my screener heading into next week It's entry price (which the stock must confirm, stop loss price and percent risk given entry/stop loss) ALGN 629.35, 607.50, 3.5% RTX 87.40, 85.20, 2.2% SGH 48.45, 46.95, 3.1% retrace 55 FAT 13.57, 13, 4.2% CIEN 58.48, 56.99, 2.5% JAZZ 182.92, 176.70, 3.4%
Posts: 46,294