They Say "Money Talks" So Let's Talk
- Thread starter 70boiler
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That being said, I kept my few hundred shares after reading the social comments. I think there remains a fairly significant core who are PO'd st Robinhood and other platforms and seem to be heading elsewhere to "make things right" so to speak.
I think that this winds up as a moneymaker in the relatively near term, particularly after the Direct Offering closes next week.
I just received a news flash that Robinhood is opening trades for the stocks that they limited...keep your seats because the roller coaster is about to leave the station...
maybe the matinee and a small popcorn....not the giant tub though.
Today's another day. Who knows what'll happen in this crazy market.
When GME hit about $130 yesterday, everyone thought it was toast. Well, it's back over $300 in premarket.
I have a good buddy who made mid 6 figures on his AMC positions.
It's crazy.
I agree. And while I'm just playing this as a momentum/social media/get lucky gamble, NAKD does actually have a good business strategy in moving to more online sales, merging possibly with LULU, etc.
I never buy retail, but ones like LULU have a very loyal following and their share prices reflect it.
Hopefully a ton of retail investors punish RH for their manipulations yesterday and move to a different platform. I hope RH gets punished legally as well.
Don't bet on the feds allowing individual investors to speculate. They need to protect their buddies on WS, so big companies like RH will be just fine.
Yeh, going the right direction. I got drilled on the damn bid/ask spread yesterday which was a costly error. I still have a ways to go up before I'm even but if there's a major short squeeze, this could be a $4-5 stock today.
Totally agree. It's a David vs Goliath situation but the fact that they so obviously changed the rules mid game is maddening.
The more I see about the RH situation, the more I am starting to think that they may have had virtually no other option and they may have failed...they required a huge cash influx from their capital investors to maintain solvency apparently during the run shutdown.
EDIT - Additional Article re RH
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Why are people still using RH when you can get free and fractional trades anywhere now? I love Fidelity, and my 19 year old son does too. He buys all the Fool picks thru the Fidelity app on his iPhone, just in smaller amounts than I do.
I'm sure it's the marketing. RH advertising seems focused on young new traders while the appearance of Fidelity ads is more old school traditional "let us help you retire" things.
I wholeheartedly agree about the quality of Fidelity and its platform. I really like it for the most part and haven't seen any that I would prefer.
As to Motley Fool...I think they have some interesting takes but actually seldom use their advice. They seem almost inevitably to pump the things that my, and most other, Mutuals hold. I seldom see much breakout info from them. I don't think their advice is bad, just too staid and for the most part recommend too highly priced shares to be of great use for my purposes in trading in my self managed accounts.
Subscribe to their Rule Breaker service.
Here’s a partial list of stocks David Gardner picked VERY early:
Twilio
Shopify
Peloton
Roku
MongoDB
TradeDesk
Alteryx
Fastly
Teledoc
Docusign
Datadog
Lululemon
Quidel
Sea Limited
Blackline
Chegg
Shock wave medical
Hub Spot
Beyond Meat
Novacure
Guardant Health
Bilibili
If you had bought all of these when they were recommended, you’d be at least triple your investment, probably more. There have been some losers, to be sure, but they are way outnumbered by the 5 and 10 baggers.
Let’s say 5 years conservatively. They are 3.5x the S&P 500 since the inception of the service.
I was up about 90% in 2020, though a lot of these businesses obviously benefitted from COVID.
i just re-upped at $249 for a year. 2 picks a month, best money I’ll ever spend. I know you’re doing great on the clean energy stuff but this might be fun for you.
we could divide that $249 3 ways and then that service is only $80/yr.......lol
Haha. My buddy subscribes to their Stock Advisor service and we swap the picks.
Further information that explains the Robinhood GameStop choice in Business Insider Article
Those articles tend to support my earlier impression that the reaction and comments by a large number of RobinHood / Reddit investors completely demonstrates their limitation of even moderate sophistication in understanding the Market.
EDIT - I also expect a pretty massive exodus from the RobinHood platform, which in turn, I expect to be very damaging to its projected public offering
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I seems that silver and silver related equities and derivatives may be next on the Reddit screen for squeezing.
Here's an interesting explanation from a subReddit investor describing the experience..
Article: I Bought Tens of Thousands of Dollars of GameStop Stock. And I Have No Regrets.
Article: I Bought Tens of Thousands of Dollars of GameStop Stock. And I Have No Regrets.
If you've gutted through their offering drop and still hold NAKD, heres an interesting and thoroughly thought through REDDIT ASSESSMENT of NAKD. Pretty interesting.
Also LMAO at THESE COMMENTS
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Still holding, no interest in locking in a big loss. I'll read that assessment you posted today.
I figured that might be the situation.
It's taking a beating again today.
Reading the comments about it and similar situational equities again demonstrates, at least imho, the lack of sophisticated thought and insight among a lot of those investing.
While, I have little, if anything, good to say about institutional investors proclivities for manipulative shorting, it just seems so intellectually inconsistent to hear Reddit people decry the hedges and institutional investors for manipulations, while the whole concept of their buys and holds is clearly nothing more than an attempt to manipulate, albeit in a different direction and presumably to benefit masses of working people. But still....
I'm not the most sophisticated or technical investor either, but I'm not a 20 yr old kid who invests wholly on what the social media flavor of the day is with money I can't necessarily afford to lose.
But like a lot of people, I got caught up in it and tried to ride that wave of momentum and enthusiasm hoping to catch lightning in a bottle. Unfortunately for me and I'm sure a lot of others, by the time we join the party, the party was over and we're left with the bar tab.
It wasn't my kids college fund, but it was a decent chunk of change.
I think trying to bet against or compete against the Wall Street big boys is akin to thinking your blackjack winning streak at the casino won't end. The house always wins.
Maybe the lesson is for next time, if you decide to make a play after it's on the news, you're probably too late.
I wasn't bad rapping you or even Reddit's, just more commenting that they don't seem to even understand that their action is every bit as manipulative as the hedge funds shorting. It certainly wasn't lost on either you nor I that the buy of NAKD was nothing more than our attempt to cash in on the manipulation being pursued, not that the stock in NAKD was so blatantly undervalued that it was a legitimate buy because of the company itself.
EDIT - I guess what I find astounding is the number who, by their comments, suggest that the value should be $100/share based upon the company itself. Ummmm - no, it really isn't. It could have been if a surge caused by a short squeeze manipulation had been successful. The inablity to recognize the difference between those was kind of shocking to me, really.
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Sorry, didn't mean to lead you to believe I was taking offense.
But most (95+%) of the 'investors' reading Reddit, Stocktwits, yahoo Finance, etc are purely momentum investors and either relying on luck or timing (or a combination of both). Because the fundamentals and numbers don't support the prices. It's just classic pump n dump.
Nothing wrong with that, people just need to understand risk and consequence.
This may be the best articulated reason that I have seen to buy NAKD
Kevin McNew (@Mondo_Narl) | Stocktwits
$NAKD Heidi commands you to hold and buy more - NOW!
stocktwits.com
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This may be the best articulated reason that I have seen to buy NAKD
Kevin McNew (@Mondo_Narl) | Stocktwits
$NAKD Heidi commands you to hold and buy more - NOW!
Well....I'm a buy n hold on nakd. Don't have a choice now. But....they've actually have a strategy to build their online presence. Perhaps a Lulu, Gap or someone like that will buy them out. Until then, I just hope there's a slow, steady climb upward.
I think that it actually is a viable business and the shares will prove to have been an acceptable purchase, albeit not what either of us hoped.
Nice little 30% bump in NAKD today. At this point, that just makes my massive loss less massive, but substantial none-the-less.
Did you review SIRC? It's been on a run since I posted earlier and may have some real possibilities long.
EDIT- Today +99%
EDIT - THRSDAY - It's going to run
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Good call on SIRC. Did you get in? I'm fully invested and have no $ on the sideline unless I sell something or move some $ from other accounts into Etrade.
Yes, 3500 shares at about 1.20.
Was fully in beyond that or would have bought additional.
Another strong possibility is TSNP
I'm still bullish on these two and don't think their runs are through.
Since buying on Wednesday SIRC is +110% and entered TSNP shortly after this morning's bell and have been rewarded at +26%
Just worth considering, imho...
EDIT - another watch is AEZS
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OZSC and AITX are a couple under $.25 that have produced for me over the last couple of weeks.
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