Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[scho63]

Originally Posted by younginvest

I've recently developed an interest in the stock market and want to start investing. But, I'm not too sure about the age requirements for opening an investment account and buying stocks. So, my question is: How old do you have to be to invest in stocks?

You can open an account "in trust" if you are under 18, opened by parent or guardian.

Once you hit 18 you're on your own.

[seamonster]

Some poor bastard gave up on life and made a 45,000x return on his investment:

Trader Turns $22,000 Into $10M In One Day: Insider Trading Or Genius In Cisco-Splunk Deal

Unless he escapes to beliez he's going to be spending some quality time in Leavenworth.

[Rain Man]

Originally Posted by seamonster

Some poor bastard gave up on life and made a 45,000x return on his investment:

Trader Turns $22,000 Into $10M In One Day: Insider Trading Or Genius In Cisco-Splunk Deal

Unless he escapes to beliez he's going to be spending some quality time in Leavenworth.

There's no way that person didn't have inside information.

I don't know the rules about all that stuff, though. If he was just some guy who happened to be in the Starbucks and heard two executives talking about it at the next table, is that illegal? What if he's some rank and file worker and the rumors have been running wild, but he's not in the process. I've always been curious about who is considered an insider and who isn't.

[TLO]

Originally Posted by younginvest

I've recently developed an interest in the stock market and want to start investing. But, I'm not too sure about the age requirements for opening an investment account and buying stocks. So, my question is: How old do you have to be to invest in stocks?

You're officially on my " bot" radar!

[scho63]

The chance of this trade being "dumb luck" is 0.0%

If someone bought 10 contracts, OK I'll buy that being luck.

No one buys $22K of options that expire that far out of the money with a 2 day life cycle.

They better flee the country and move the money ASAP.

[scho63]

Originally Posted by Rain Man

There's no way that person didn't have inside information.

I don't know the rules about all that stuff, though. If he was just some guy who happened to be in the Starbucks and heard two executives talking about it at the next table, is that illegal? What if he's some rank and file worker and the rumors have been running wild, but he's not in the process. I've always been curious about who is considered an insider and who isn't.

If you overhear someone talking at Starbucks and invest, it is NOT insider trading.

[lewdog]

S&P is near the 150 day moving average.

Let’s see if we get near the 200 and find support.

[myselff77]

IMVT exploded yesterday after holding it for 10 months. I went ahead and sold half right away and then set a trailing stop for the rest that also got executed. Should have put more wiggle room on the stop loss cause the thing has continued up today. Lesson learned. Still nice when you get a surprise 100% gain on something that wasn't doing anything.

Now if the rest could just rebound...

[lewdog]

Many like to call technical analysis "bullshit" but it's a way to have a little bit more information than guessing. It can be useful but it is never absolute.

Interesting that the S&P has shown support around the 200 day moving average in multiple consecutive sessions. Tracking that red, 200 day MA line currently, and on Friday really bounced up off that support.

[-King-]

Bought ATVI at 75 when Microsoft was looking to buy them out. Sale just completed at 95. Damn I wish I would have loaded up

[Buehler445]

Good work King. I contemplated it, not that I could have committed much cash to it, but I figured Microsoft would have to back out because of the Europe thing.

Buehler445 wrong again.

[Rain Man]

I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these?

[Buehler445]

Originally Posted by Rain Man

I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these?

I'd hang onto it. Apparently they've already filled 9M prescriptions. Link

Hilariously, airlines would save 80M if passengers lost 10 lb. Link

There is also some work showing that Ozempic helps with addiction. That would open up a whole new market that would add a lot of value. https://www.theatlantic.com/health/a...moking/674098/

[Rain Man]

Originally Posted by Buehler445

I'd hang onto it. Apparently they've already filled 9M prescriptions. Link

Hilariously, airlines would save 80M if passengers lost 10 lb. Link

There is also some work showing that Ozempic helps with addiction. That would open up a whole new market that would add a lot of value. https://www.theatlantic.com/health/a...moking/674098/

Wow, I hadn't read about the addiction stuff.

I've been reading that they can't make the stuff fast enough for all of the people who want it. That's a good forward indicator for revenues. I have a policy about how much money I'll put into any one stock, so I won't buy any more, but I'm riding both of those companies up and I don't see why it won't continue, barring some bad side effect discovery that seems unlikely at this point.

[Peter Gibbons]

Originally Posted by Rain Man

I got into LLY based on honestchieffan's recommendation, and I had a pretty large amount of NVO already. The weight loss drugs are sending these stocks to the moon, and I think the rise is still happening. Anyone else holding these?

Yes - Holding LLY. Mounjaro has been a profit rocket for them and it is expected to get FDA approval for weight loss (currently only approved for type 2 diabetes) in December. I expect that sales will really explode when that happens. They have also been building a new site to assemble auto injector which will more than triple their total capacity today.