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Nzoner's Game Room>****OFFICIAL STOCK CHALLENGE & DISCUSSION THREAD****
Hog's Gone Fishin 04:48 AM 03-24-2022
Stock Discussion
[Reply]
Hog's Gone Fishin 12:59 PM 07-20-2023
Originally Posted by ChiefChoop:
Looks like trading halted down on your ipo were you able to unload in time?
Edit: Halted up now
It's been a crazy day.It didn't start trading until 12:30 or so . And Webull is the only platform I believe that's allowing trading so there's no volume. There's a ton of buying waiting to come in from the other platforms so I expect a big day tomorrow and Monday. I liquidated my Webull portfolio to go all in while it's glitched. It was supposed to open at 10.92 but Webulls been letting us buy at $4and under. I'm all in!

Was able to put together 518 shares at 3.95 Avg
[Reply]
lewdog 01:09 PM 07-20-2023
Originally Posted by Hog's Gone Fishin:
It's been a crazy day.It didn't start trading until 12:30 or so . And Webull is the only platform I believe that's allowing trading so there's no volume. There's a ton of buying waiting to come in from the other platforms so I expect a big day tomorrow and Monday. I liquidated my Webull portfolio to go all in while it's glitched. It was supposed to open at 10.92 but Webulls been letting us buy at $4and under. I'm all in!

Was able to put together 518 shares at 3.95 Avg
It’s available on my Schwab platform.
[Reply]
Hog's Gone Fishin 02:57 PM 07-20-2023
Originally Posted by lewdog:
It’s available on my Schwab platform.
Yeah, I'm hearing there are 3 or 4 now but several of the big ones don't have the reverse split done and the ones trading it don't have the RS in the price. Tomorrows going to be interesting.

I have no doubt it's going to 10+ EZ
[Reply]
Hog's Gone Fishin 03:45 PM 07-20-2023
Originally Posted by lewdog:
It’s available on my Schwab platform.
What's the current price on Schwab ?
[Reply]
myselff77 04:08 PM 07-20-2023
Originally Posted by Hog's Gone Fishin:
What's the current price on Schwab ?
$5.60 after hours.
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Hog's Gone Fishin 04:28 PM 07-20-2023
Originally Posted by myselff77:
$5.60 after hours.
ThankYou, somebody told me they were still locked on Schwab at .91 presplit.
[Reply]
Hog's Gone Fishin 06:34 AM 07-21-2023
BGLC touched 9.24 this morning

Still waiting on several platforms to start trading it.
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Hog's Gone Fishin 11:22 AM 07-21-2023
Still no RS on several platforms I called ETRADE and asked them to go ahead and buy me 500 shares this mornig. Got them at 6.19 Just called them back an hour ago and had them sell half at 8.75. Will let the other 250 ride into Monday. Still have 7200 shares on ETRADE at the OTC price of .95 When they RS those will be sitting at 11.40 MY COST

Also got the 518 still on Webull at 3.95 Avg. What a mess, the big run may be Monday. This is crazy, fun, nerve racking and annoying all at the same time.

If it drops back to 6.50 I'm calling ETRADE again and telling them I want ALL THE SHARES!
[Reply]
Hog's Gone Fishin 09:11 AM 07-22-2023
Originally Posted by Hog's Gone Fishin:
So here's my update on the 10K TSLY investment challenge.

Initial investment $9991 on 6/20/23
592 shares at 16.876

Ending balance 7/18/23 11,432.89
627 shares at 18.23 (Dividend reinvested)

$631 dividend received today , $1.0661 per share (FREE MONEY)

14.42% gain 30 days

Huge drop with TSLA over the last 3 days!


My initial investment is $9991
Current Balance $10,360.47

Share price paid 16.9378 (Increased because of Divi reinvestment)
Current share price at market close16.52


So the share price is less than what I paid but my account is worth $369 more

How does this happen ??

Spoiler!

[Reply]
lewdog 09:15 AM 07-22-2023
Originally Posted by Hog's Gone Fishin:
Huge drop with TSLA over the last 3 days!


My initial investment is $9991
Current Balance $10,360.47

Share price paid 16.9378
Current share price at market close16.52


So the share price is less than what I paid but my account is worth $369 more

How does this happen ??

Spoiler!

It's almost like you're finally understanding that dividends come off the share price!
[Reply]
Hog's Gone Fishin 09:39 AM 07-22-2023
Originally Posted by lewdog:
It's almost like you're finally understanding that dividends come off the share price!
But, the shares are worth less than I paid for them, where did the extra money come from? I should be down 2.5%
[Reply]
lewdog 10:23 AM 07-22-2023
Originally Posted by Hog's Gone Fishin:
But, the shares are worth less than I paid for them, where did the extra money come from? I should be down 2.5%
Are you serious?

The share price is less than you paid for it because you’ve made your money on dividends, while the share price has gone down, especially down when all the dividends are paid out off the share price.

Total return is all that matters.
[Reply]
lewdog 10:27 AM 07-22-2023
Originally Posted by Hog's Gone Fishin:
Huge drop with TSLA over the last 3 days!


My initial investment is $9991
Current Balance $10,360.47

Share price paid 16.9378 (Increased because of Divi reinvestment)
Current share price at market close16.52


So the share price is less than what I paid but my account is worth $369 more

How does this happen ??

Spoiler!
Do this for us.

Look at what your return on TSLA would be today had you purchased it at the same time as this stock.

What’s TSLA’s total return in that timeframe?
[Reply]
Hog's Gone Fishin 04:47 PM 07-22-2023
Originally Posted by lewdog:
Are you serious?

The share price is less than you paid for it because you’ve made your money on dividends, while the share price has gone down, especially down when all the dividends are paid out off the share price.

Total return is all that matters.
Oh, seems like I was given FREE MONEY then. :-)
[Reply]
Hog's Gone Fishin 04:54 PM 07-22-2023
Originally Posted by lewdog:
Do this for us.

Look at what your return on TSLA would be today had you purchased it at the same time as this stock.

What’s TSLA’s total return in that timeframe?
I don't feel like investigating right now, too tired to concentrate, been working on a rental all day BUT:

Investing in TSLA I'm certain would have provided a greater return. I'm curious to see what happens to the account while TSLA is dropping once the next dividend gets paid out.

That may be interesting.

I will look at it later though.
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