Money Investing megathread extravaganza - Page 906

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Rain Man** · 09-22-2023, 08:31 AM

Quote:

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 · 09-22-2023, 02:17 PM

Quote:

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 · 09-22-2023, 03:08 PM

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 · 09-22-2023, 03:09 PM

Quote:

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** · 09-27-2023, 06:58 AM

S&P is near the 150 day moving average.

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

myselff77 · 09-27-2023, 08:00 AM

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** · 10-07-2023, 10:55 AM

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- · 10-14-2023, 04:44 AM

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** · 10-14-2023, 08:36 AM

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** · 10-15-2023, 08:43 PM

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** · 10-15-2023, 09:30 PM

Quote:

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** · 10-15-2023, 09:48 PM

Quote:

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 · 10-16-2023, 09:49 AM

Quote:

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.

BigOlChiefsfan · 10-16-2023, 07:54 PM

Ammo prices are jumping as head-sniffin' Joe sends planeloads to Israel. Ammo maker stocks might deserve a long look. Story is 'outdated' but still names some names/

https://investorplace.com/2020/09/3-...S%3A%20POWW%29

Stewie · 10-20-2023, 04:54 PM

I had a CD mature yesterday and needed to reinvest. It was 9 months at 5.25.

It's been a while since I looked at rates, but they keep going up. I've been laddering but at this point that might not be the best strategy.

Moved that money to a 3 month 5.55 CD.

I just feel that CD rates are going to climb. Heck, long term CDs are north of 5%.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-63101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,578

09-22-2023, 03:08 PM	#13578
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $681110	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. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 53,055	1 0

09-27-2023, 06:58 AM	#13580
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-148100	S&P is near the 150 day moving average. Let’s see if we get near the 200 and find support.
Posts: 46,167

09-27-2023, 08:00 AM	#13581
myselff77 Starter Join Date: Aug 2019 Casino cash: $2337000	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...
Posts: 563

10-07-2023, 10:55 AM	#13582
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-148100	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.
Posts: 46,167

10-14-2023, 04:44 AM	#13583
-King- ▓▓▒▒▒▒▒▒▒▒▒▒▒▒▓▓ Join Date: Jan 2009 Casino cash: $395743	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
Posts: 64,642	2 0

10-14-2023, 08:36 AM	#13584
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $224734	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.
Posts: 58,340

10-15-2023, 08:43 PM	#13585
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $1228491 VARSITY	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? __________________ Active fan of the greatest team in NFL history.
Posts: 143,344

10-16-2023, 07:54 PM	#13589
BigOlChiefsfan Certified Bourbon taster Join Date: Aug 2000 Location: Shawnee KS Casino cash: $6650157	Ammo prices are jumping as head-sniffin' Joe sends planeloads to Israel. Ammo maker stocks might deserve a long look. Story is 'outdated' but still names some names/ https://investorplace.com/2020/09/3-...S%3A%20POWW%29 __________________ A man can never own too much red wine, too many books, or too much ammunition. -- R. Kipling
Posts: 5,137

10-20-2023, 04:54 PM	#13590
Stewie MVP Join Date: Oct 2006 Location: West of the Equator Casino cash: $-170099	I had a CD mature yesterday and needed to reinvest. It was 9 months at 5.25. It's been a while since I looked at rates, but they keep going up. I've been laddering but at this point that might not be the best strategy. Moved that money to a 3 month 5.55 CD. I just feel that CD rates are going to climb. Heck, long term CDs are north of 5%.
Posts: 13,767