The Stock Market

Which companies do you have the least respect for management's competency that you are bullish on and which companies are you bearish on despite management being on the ball?

xpost generally if you are investing, as opposed to trading, in single name stocks or sector funds you should have an idea of why you bought it, what you expect from it and during what time frame. If you have held something for awhile and it hasn't made any gains, would that money be better moved to another opportunity. Like, AAPL has kind of been maxed out since it split but people like it being slow + dividends and are happy to just hold it forever.

If i have sizeable gains and still like the company, I sell enough to cover my cost basis and let the rest ride so at least I don't lose the money I put into it if there is a correction or it just completely dumps. You can always buys it back on a dip if you miss it. There are lots of ways to invest depending on how active you want to be.

If i have sizeable gains and still like the company, I sell enough to cover my cost basis and let the rest ride so at least I don't lose the money I put into it if there is a correction or it just completely dumps. You can always buys it back on a dip if you miss it.

Yeah! that's kinda been my philosophy ... I forget what I bought back ... might have been Intuit. I got nervous about a bubble and about the odds of beating the market so I sold big chunks of some of my profitable stock holdings and put the money in index funds, like everyone on here has in their 401(k)s, and caek demonstrated via complex math that that's where I should put my money.

If you know which stocks are going to go up you should buy those stocks. That’s my ... two cents.

I don't buy anything that I don't understand what it is and how they make money. Like a lot of the derivatives and complex stuff and anything related to calls, puts, shorts, margin stuff -- I am not touching that because it's way too easy to fuck it up, and also I see it as "too easy money"

Like buying Apple or Microsoft and holding it and getting dividends reinvested ... that's like, chill, bro

During the GME frenzy I was like “maybe I’ll buy a stock” and I bought some Nintendo stock bc I like Nintendo. And I also bought Vanguard’s tech sector ETF bc I was like I might as well get some extra exposure to that nonsense and a biotech ETF bc companies like Illumina and Thermo acquire like everything remotely promising and it’s all expensive as shit. But that’s like basically my only foray into anything other than the Vanguard target retirement fund.

i bought stock in a company awhile back because I thought their abbrev was funny ... like it was an inside joke between me and a few friends ... it's done pretty well!

like, i trade a lot of garbage companies (note: i don't consider GME a garbage company) because most of the market is now full of garbage companies that do stupid price swings because of what happened to the options market last year. I would not recommend that unless you are really bored.

It actually had a decent rating by Schwab and Morningstar -- DOOR

because we used to have a DIY space together, and there was a room, off to the side of the main space that served as a sound booth/gear storage area. One of the members of our co-op felt that it was necessary to write in sharpie in all caps "DOOR" on the door to the room, which was very obviously a door, and did not need additional signage or explanation as to its door-like nature.

basically this guy was really into getting high and labeling things with sharpie in all caps

a pot etf has a stupid ticker, YOLO

lol omg

ILX:
Ilex Medical Ltd. engages in the import and marketing of medical laboratory equipment and in the development of medical information management software. It operates through the following segments: Medical Laboratory Equipment and Diagnostics Materials, Medical Equipment, and Inhalation Devices. The Medical Laboratory Equipment and Diagnostics Materials segment engages in the marketing, distribution, and sale of laboratory medical equipment and diagnostics products, diagnostics systems, and kits and consumables for the examination of medical laboratories in hospitals. The Medical Equipment segment engages in the import, marketing and distribution of medical equipment and devices in Israel. The Inhalation Devices segment development, manufacture, and marketing of mobile inhalation devices. The company was founded by Moshe Ben Shaul in 1977 and is headquartered in Petach-Tikva, Israel.

we could literally invest in ILX

i have a really dumbass question about the stock market, if the ilx braintrust will induldge me.

i don't do stock market gambling in the wallstreetbets type of vein. i have a few etfs that i put money into and hope will grow in the next 20 or 30 years. but i have looked at penny stocks often and wondered the following: if i see a penny stock that is habitually going up and down, say between 0.40 and 0.60, on a daily/weekly basis, the company looks fine, as in not about to go bankrupt, books look fine, no big news coming out imminently that you can tell that might tank the stock etc. what is to stop someone just doing an order to buy the stock at 0.40 (or below) and then an order to sell at 0.60? i mean other than it not being all that profitable. i guess slippage, your order to sell might not be executed at a profitable price/you might even lose money?

yes, people do that regularly as their trading method. It's called scalping. But you have to be certain of the volume (liquidity) esp if there is a huge spread between the bid and ask.

GAMESTONKS

Also, always set limit order if you do this, never market.

good to know! will maybe do it with some disposable money for a bit and see how it goes

or just do paper trades. i think there are programs, or literally just write it on paper when you would have executed (no cheating) and figure out if you are good at it.

also, none of this is financial advice, it's just generally what people do when they are figuring out trading before they use real money.

that's a good idea. will try the paper method for a bit and see how i get on. even if that goes well i will literally only be spending very little money on the scalping endeavour, if i bother to do it at all

Anyone have any thoughts on Berkshire Hathaway? It absolutely trounced the S&P for most of its history but over the last 5 years or so has been kind of blah. Is it because Buffet is old and people assume he's the business?

apparently I cannot purchase shares of ILX online through Schwab.com ... oh well. I did look into other ILX-adjacent stocks, and found ILATF -- not that we have a subboard for I Love Alcohol Tobacco (and) Firearms

xp. friendship ended with warren buffet

now cathie wood is my best friend

oh no. Cathie is already over. Just kidding, i don't give opinions about whether a stock/etf is good or not but she got a lot of backlash recently for being a trump supporter weirdo biblethumper (the reason it's named ARK).

If her fund becomes full of illiquid tickers, just know it is the lord's path that he chose for her. They did really well last year!

i don't know enough about markets to judge but personally i am kind of weary about anyone with as much faith in tsla

Didn't Musk himself come out like 6 months ago and say "Hey guys, our future earnings can't possibly match these valuations!"

Or maybe it was longer ago

this is not an endorsement at all just an entertaining observation, today Gamestop went from $45 to $169 right now. I love this.

So I became an investing Maxxinista (TJX) and their stock is flat/up a little after reporting below-expected earnings (thanks, snow and cold), while Redfin (RDFN) beats whisper numbers and doesn’t have any glaring new downsides but is down a few bucks after hours, and Shopify (SHOP) did a similar thing last week. Learn in’ by the day!

I haven't actually picked an individual stock in years. I used to come up with really good ideas and then not hold them for long enough - I'd always panic and sell too early.

I now have $4.75 of unrealized gains on ILATF

ILBets

most stocks dump after earnings these days. People play the run up and buy short term options and the volatility on the options goes way up and the day after earnings is a let down or just random and options' volatility gets crushed.

The positive thing about that is, if it’s meant to be a medium/long-term investment, there’s an opportunity to buy more at a lower price, if pre-earnings doesn’t end up being an unrepeatable high.

listening to a podcast with the ARK head of research, pretty damn interesting tbh. Def taking with a grain of salt as to whether I'm listening to someone who generally has discovered some kind of unconventional thinking secret sauce or just a gladwell-esque storyteller

my account's broken even thanks to GME and AMC. insert rocket emojis here, degenerates!

GME is having an interesting one:

Day's Range 172.00 - 348.50

lol - of course, i don't check for an hour and my gains were undone

can't be holding on to these ultra volatile stocks

this is how people give themselves strokes...

good lord, it's climbing again.
gotta remind myself i held from $300 to $40. anyone else on this rollercoaster ride?

i have been doing paper-trading and i am staying the hell away from GME because it makes no sense to me. i want a volatile stock but not that volatile

i just put down 15 large on mcdonalds

If you bought the dip an hour ago, you'd already be back up 95 points per share. Insanity.

gonna dump some money into this next time it hits $40 and then it'll immediately sink to $2 and never recover

omg nhex, you've been holding since round 1???

did you average down at all when it was 40-50?