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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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jjchieffan 02:45 PM 03-25-2021
Nice bounce on ZOM today. I should have bought back the 6000 shares that I sold last week. Instead I bought 200 shares at $1.49. Closed at $1.80
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eDave 03-25-2021, 03:01 PM
This message has been deleted by eDave.
MTG#10 03:39 PM 03-25-2021
BNGO is a real turd so far. What the fuck Hog? That was really irresponsible of you harassing me to buy into that.
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Hog's Gone Fishin 03:42 PM 03-25-2021
Originally Posted by MTG#10:
I'm sad that I paper-handed. Should have bought back in when it was under $9.

I got back in at 9.16 :-)
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Hog's Gone Fishin 03:43 PM 03-25-2021
Originally Posted by MTG#10:
BNGO is a real turd so far. What the **** Hog? That was really irresponsible of you harassing me to buy into that.
Yeah, I know really sorry it didn't double in two days. It might actually take a month or so
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MTG#10 03:55 PM 03-25-2021
Originally Posted by Hog's Gone Fishin:
I got back in at 9.16 :-)
I didn't even know you sold it.

Originally Posted by Hog's Gone Fishin:
Yeah, I know really sorry it didn't double in two days. It might actually take a month or so

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Hammock Parties 04:07 PM 03-25-2021
Only a fucking moron would own AMC after this week.
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Hog's Gone Fishin 05:21 PM 03-25-2021
Originally Posted by Hammock Parties:
Only a ****ing moron would own AMC after this week.
Agreed ,I'm buying MOAR!
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MTG#10 05:51 PM 03-25-2021
Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
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Hog's Gone Fishin 05:53 PM 03-25-2021
Originally Posted by MTG#10:
Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
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rydogg58 05:59 PM 03-25-2021
Originally Posted by Hog's Gone Fishin:
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
This seems to be correct. If the supply is limited but the demand is high, the price for said commodity will be higher.
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MTG#10 06:03 PM 03-25-2021
Originally Posted by Hog's Gone Fishin:
I would think that creates a small float so any price movement would be massive with even low volume.

But I'm not a GURU I'm a moron by Hammock standards
I get your reasoning, but the stock in question is the exact opposite...it moves at a snail's pace, + or - 20 cents every day. If it moves over 1.5% in a day its a miracle. You're most likely correct though, I figured the answer would be the exact opposite of what I thought.
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ChiliConCarnage 06:15 PM 03-25-2021
Originally Posted by MTG#10:
Motley Fool is properly named, it's a joke. If I took their advice on meme stocks the last few months I would have missed out on thousands.They predicted AMC at .01 a few days ago.

:-)
Yeah, and thousands of other predictions. I searched Motley Fool AMC, at least a dozen articles in the last three days. Some, I'm sure buy now, some sell. It's randos who don't work for them being paid to pump spam articles for pennies. I haven't used their pay services but its clearly cheap advertising on their part. Dunno how you'd take it seriously. :-)

I'd agree, it seems like it damages the reputation for their pay service to me. They must have data that says it's worth it, in terms of click throughs and subscription buy ins.
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Buehler445 06:17 PM 03-25-2021
Originally Posted by MTG#10:
Question for you real stock gurus, and I realize its a stupid one so dont give me too much shit.

Say one person owns 90% of a stocks shares with only 10% available on the market for trading. Is this a good thing or bad thing for the stock price? I believe it could be bad because it could hinder the stock's movement with so little of it trading on the market. But I'm guessing that's probably wrong since I think its right. Thoughts?
I don’t remember all the rules but if you have over a certain % of stock you
Have to disclose sales and purchases through the sec. I think there is a delay so it could potentially hamper market movement.

In the aggregate though it would depend on the other 10%. If it has asks and offers out at a higher percentage than other stocks there may not be much difference in the trade than other stocks that are held by buy and hold mutual funds or individual investors.

So the short answer is it depends
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rydogg58 06:19 PM 03-25-2021
Originally Posted by MTG#10:
I get your reasoning, but the stock in question is the exact opposite...it moves at a snail's pace, + or - 20 cents every day. If it moves over 1.5% in a day its a miracle. You're most likely correct though, I figured the answer would be the exact opposite of what I thought.
What's the daily volume on it though? If nobody wants to buy it and there's only a few thousand shares traded daily then it's probably not going to move.
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MTG#10 06:26 PM 03-25-2021
Originally Posted by rydogg58:
What's the daily volume on it though? If nobody wants to buy it and there's only a few thousand shares traded daily then it's probably not going to move.
Between 5-10 mil/day on average.
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