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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.
[Reply]
ThaVirus 10:34 AM 05-18-2020
Originally Posted by neech:
MRNA ship is on course, no icebergs in sight.
That's great.

I was thinking about hopping on that one back in March when it was around $27/28 per share. That would have been my very first foray into investing in my own chosen stocks. Would have been a good one, but I chickened out because I thought the floor would keep falling.
[Reply]
MahiMike 10:38 AM 05-18-2020
Originally Posted by Rain Man:
I don't do penny stocks, but my regular stock strategy is to sell off 80 percent if I find myself up 20 percent in a year (to avoid short-term capital gains taxes). That's for my non-IRA investments. In the IRA accounts I'll sell off earlier if I'm up 20 percent, because I don't have to worry about taxes in those accounts.

In a penny stock I'd probably sell any time I got up 20 percent because I feel like those can crater pretty fast.
Trailing stop %'s are your friend.
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MahiMike 10:49 AM 05-18-2020
You guys didn't hear it from me but big stock dump likely coming this week. Take profits.
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loochy 11:02 AM 05-18-2020
IBIO did well for me. :-)
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Hammock Parties 11:02 AM 05-18-2020
Originally Posted by loochy:
IBIO did well for me. :-)
Bro you gotta hold that shit.

I could take profit right now but I ain't gonna.
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lewdog 11:22 AM 05-18-2020
Originally Posted by Strongside:
Got in on SRNE on Thursday. Big selloff at open today, but CEO is about to go on CNBC in a few mins. Might see another spike.
Big sell off the high today. Woof.
[Reply]
JohnnyHammersticks 11:38 AM 05-18-2020
As a day trader I'm not sure I've ever seen anything funnier than Barstool Sports creator Dave Portnoy take a stab at day-trading. I'm addicted to watching him. Like watching a train wreck in slo mo, though he's made a comeback recently. Freaking hysterical :-) (nsfw)

Spoiler!

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Hammock Parties 11:41 AM 05-18-2020
He's fucking hilarious.
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JohnnyHammersticks 11:55 AM 05-18-2020
Originally Posted by Hammock Parties:
He's fucking hilarious.
At the 14:00 mark this morning he realizes that his etrade is down and not letting him cut his RVLV long. Costs him about $20k before he finally gets filled. The 10-min rant is gold. Blames it on the "pinstripe suits". :-)

(a lot of nsfw language)

Davey Day Trader - May 18, 2020 https://t.co/UKnOXATvGB

— Dave Portnoy (@stoolpresidente) May 18, 2020

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jdubya 01:05 PM 05-18-2020
My IBIO up 56% and VTVT up 46%......I`ll hold
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Hammock Parties 01:46 PM 05-18-2020
Originally Posted by jdubya:
My IBIO up 56% and VTVT up 46%......I`ll hold

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RunKC 02:06 PM 05-18-2020
Appfolio and Paycom and killing it
Attached: 650DACE3-7996-4274-9E49-580D89DB8D7F.jpeg (109.2 KB) 
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Hammock Parties 04:04 PM 05-18-2020
lmao

BREAKING: #DDTG pic.twitter.com/D4GzMiTz1d

— Dave Portnoy (@stoolpresidente) May 18, 2020

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DaFace 04:10 PM 05-18-2020
Originally Posted by Hammock Parties:
lmao

That's a lot of excitement for a guy who has lost 18x the amount he just gained.
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Hammock Parties 04:15 PM 05-18-2020
Originally Posted by DaFace:
That's a lot of excitement for a guy who has lost 18x the amount he just gained.
That's actually not indicative of how he's doing.

That loss was all PENN stock before this started.

https://www.playpennsylvania.com/bar...ey-day-trader/

Originally Posted by :
The value of his Penn stock (PENN) started at $26.21 per share in February, when the deal was announced. It hit above $39 a few weeks later.

But virus restrictions took hold and upended markets.

Penn furloughed 26,000 employees, and also sold assets and tapped credit to ride out the storm. They also halted construction on two mini-casinos being built.

Penn shares hit a low of $3.75 on March 18. It’s been volatile since but is back up over $13 a share this week.

Portnoy’s streaming of his life as a stock trader began five days after Penn hit bottom.

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