/biz/ - Business & Finance

first for EMH

JNUG breakout at $4.95 niggas

GEVO
GEVO
GEVO

BIG NEWS NEXT THURSDAY

>>1671799
Finnish cab driver pls go

I wonder... Could you get insider trading charges against you based off of something you read on 4chan?

What's the best shipping meme lads quick

>>1671805
yes

>>1671813
rlog

MIRN and OPXA are going to the moon. 50% gains incoming

I told you guys about GEVO but you wouldn't listen

>>1671828
Nice

I just got my robinhood account approved. I just have one question. Is it possible to buy stocks and store them outside of the robinhood app? Hypothetically, if I had stocks and robinhood decided to exit scam, would all my investments be kill?

getting fucked by VCEL here

>>1671805
4chan is public so I don't think so. If insider trading info gets posted here is it still insider trading info?

Anyways buy Nvidia before it breaks 100 if you don't want tons of regretting spaghetti

>>1671838
You give your money to robinhood. Robinhood buys stocks at your command. When you command to sell, robinhood sells and you get your sweet gainz

When to sell AMD and Nvidia?

>>1671852
I get that. What happens in between though? Are the stocks stored in your name? And is it possible to transfer stocks out of robinhood, in case you want long term stocks?

>>1671858
you gave them your ss. so the stocks'll travel with that if rh goes sour.

>>1671854
Not for at least a year. Expect 400%+ gains with either.

Both are good choices, I'd say Nvidia all in is not a bad idea but if you wanna play safer then like for every $10 in nvda buy $3 of amd

>>1671854
sell amd now and buy in tomorrow

grab some gevo for the news play thursday

>>1671854
probably now

>>1671858
i saw an interior photo of the robinhood warehouse where they store all the stocks. looked pretty legit... like amazon but with robotic file cabinets instead of bins. best bet for holding stock long is the request they send you the physical copy. i think they respond pretty well to these requests via their twitter.

Gold is creeping back

DRYS run over? grrr

>>1671878
yes but JNUG run is pending

>>1671872
Thank you

>>1671805
They usually go after the leaker, not the people who benefit.

>>1671883
tell that to martha stewart

should I buy JNUG or NUGT now?

Woukd it be wise to hold JNUG in AH?

>>1671887
JNUG is more volatile than NUGT, but wait for the breakout before buying
>>1671888
NONONONO

>>1671875
yep

it's 1130$ again - will it get under 1100$ again or not this time?

>>1671892
Doesn't matter. Wait for breakouts and trade them. You make more money if you don't have any biases

whats a good stock to hold until morning?

>>1671894

Ptn

>>1671894
gevo

>>1671867
Why sell AMD now?

who /GXY/ here

Up insane

>>1671905
because tech is topping. amd will go up long term but it's going back down short term, especially after failing to stay above 10.90 so many times today

buy some gevo

>>1671909
U trying to trick me again?

>>1671789
you're missing the t in rgt anon, thought I'd have to make a thread.

>>1671913
He's saying sell amd and then buy back in on the dip and continue holding long term. Gevo is a meme though

>>1671919
eat shit

>>1671919
we should all just agree ot use meme stock general /msg/

>>1671924
meh, got any shitty memes to throw my way though? I've been feeling like a normie what with all these consistent gains since I went long on KEK's chosen stock.

I know bank stocks aren't a meme but why aren't you guys hopping on that sector for that sweet rate hike dosh?

>>1671930
MSG free no worry! Here try sample!

>>1671920
How do you know there will be a dip

RRRREEEEEEE THE MARKET WAS SUPPOSED TO GO DOWN TODAY

>>1671943
Eh just buy Nvidia instead

btw guys so what's the word with DGAZ? I bought at 4.07 should I just sell or is anything gonna happen (as much as I love Nvidia, 20% of my portfolio is not in NVDA and instead I play with meme stocks)

>>1671944
>what is a fading rally

>up 65% on NVDA
>up 20% on TD

These are the only two stocks I own and it only took 4-5 months for these gains. I want to sell but this market looks doesn't look like its gonna stop, Whats everyones exit strategy?

>>1671948
Nvidia is hovering below 100, as soon as it breaks out, it will quickly hit 110 maybe even 120, then it might dip might hover more, basically, wait till that happens and then consider selling but hold if it still is hovering. Unless it goes all the way down to like 92 the breakout is pretty much inevitable.

I always read these threads with people gambling half their savings on penny stocks. I thought the goal of investing was sustainable growth, not gambling like children at a casino? Sure it's fun but it's childish.
Penny stocks?
Not even fucking once.
>TFW holding amd and nvda.
You don't even want to see my portfolio on td, bought 10k of amd when it was $6 a share..
But really why do you guys gamble on bullshit? Don't you want to retire? Don't you all research the companies you're investing money into?

>>1671967
NEETS

>>1671969
I guess but even then why waste the little bit if money you'd have as a neet? Why not put it to work for you? Just makes no sense to me. Might as well buy lotto tickets as that point.

>>1671945
i'm hoping/thinking DGAZ has time to go up more
i'm in at $3.88 8)

someone just dropped 10k shares of drys. lmao

Wew it's a terrible day

>>1671967
you can make that much money easily in one day playing penny stocks

>>1671976
you can also lose that much easily in one day playing penny stocks

Fuck JNUG
Literally all my money is gone
Thanks a lot /biz/
Atleast I'm still holding COSI

>>1671971
I don't understand it either... I saw one guy on here who lose 90% of his equity in a few months. People on here don't seem to understand that they are the last ones to find out about penny stocks and the dump is happening on them. Solid entry/exit rules with discipline are how you make money trading.

>>1671974
And yet it's still climbing

>>1671967
Not everyone has enough money for a couple shares of NVDA
And based on the charts, it's probably going to dip anyway so might as well wait till then to buy

>>1671977
yeah risk reward, ever heard of a day trader.

>>1671971
Because it's fun.

>>1671976
Yeah you can also make that much money in 30 seconds scratching a lotto ticket. Doesn't mean in going to do it though.
Also it's just as easy to lose that much money a day, if not more, "playing penny stocks".

>>1671975
Garbage

>>1671983
>risk reward
People on here buy stocks that dumpers come in here and say to buy because their post ended in repeating digits.
>no stop losses
>not entry or exit rules
>no strategy
>guaranteed to lose money

>>1671979
It's only a loss if you sell ;^)

>MSTX

>>1671981
not for long lad

>>1671988
Checked

>>1671988
>>1671989
Exhibit A of not managing risk

>>1671977
GOT EEEEEEMMMMMM

>>1671988
Checked. The irony lmao

>>1671983
That's called gambling, not investing.

Gevo

Everyone reply to this with a stock to buy or short and I'll put it into a portfolio and track the results

>>1672003
AMD AMD AMD

>>1672003
buy ptn

>>1672005
>AMD
gimme like 15 or so and I'll call it a fund

>>1672003
COSI

>>1672003
AUY

>>1672008
Cosi inc? there is no ticker called COSI

>>1672011
OTC:COSIQ

>>1672011
>>1672013
It's literally going to the moon.
This is one mission you don't want to miss

>>1671991
Lad..

>>1671967
I'm shilling nvda to he'll in these threads to hopefully save the idiots who haven't bought any yet. I feel bad for em. I have 80% in Nvidia, the other 20% is for meme stocks tho I have 10% about in AMD for now since they might moon soon

>>1672014
but why?

>>1672017
Bewcuse I said so in a money meme hopscotch forum

>>1672015
im just mad cause I'm too scared to get on the rocket.

>>1672003
buy XTLY

>>1672024
50 shares at 4.50 see you at the yaht clubt faggot

>AMD
>PTN
>COSI
>AUY
>XTLY
What else?

>>1672016
nvda very obviously needs to cool off. low 90s is a buy

>>1671829
>MIRN
>OPXA

THEY SHOULD HAVE LISTENED

NOG is at it's new dip point. Good buy here.

>>1672029
Just go buy lotto tickets and post results.

>>1672035
No I want to see how my 4chan shillers fund performs

>>1672029
SSH and XGTI if you really wanna meme.

>>1672029

buy BABA

>>1672029
Don't buy COSI
I was memeing.
I lost my life savings with COSI and JNUG
All 100,000 is gone.
I'm living at my parents again and I'm 50.
Mcfucking kill me

FUCKING DRYS AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>1672029
DB

>>1671982
If you don't have enough money to buy 2 shares of nvda (>$200) you should not be investing in the stock market. The returns are nothing at that level.
General rule is to have $10,000 of savings then invest after you have another $2,000 saved. But always have $10,000 liquid for a rainy day. Does anyone know anything about money on here...? If these numbers sound like a lot to you, your main goal should be advancing your career or business, not gambling with penny stocks.

>>1672033
I got on the O.

Thanks for the ride.

>>1672045
This.

My joke portfolio is backed by 12 ounces of bullion and rental income of $1000 a month.

>>1672045
you're in the wrong place

whats the catalyst for PTN?

>>1672003
Auy

>>1672029
OTC:MGTI

>>1672049
I guess most most people on here live with mom and dad and are just gambling with their small amounts of savings.. should be saving for school or focusing on making more money in the work place.

>AMD
>PTN
>COSI
>AUY
>XTLY
>SSH
>XGTI
>BABA
>DB
>MGTI
Gimme 5 more guys

>>1672056
That or they're gambling with financial aid crumbs

>>1672061
SHIP

>>1672050

http://seekingalpha.com/article/4030546-palatin-technologies-market-misunderstanding-creates-100-percent-upside

>>1672061
Don't buy COSI
I was memeing

>>1672048
That's solid.
>>1672062
That's awful.

>>1672066
2latebitch

>>1672061
You arent really buying these, correct?

is NVCN still worth holding? Bought in at 1.05 and sod half of my shares at 2.80, but now I'm wondering if I should liquidate the other shares and invest in JNUG/NUGT

>>1672056
Or this is just spare money that they are willing to lose. Most people I've talked to here have serious investments in other more stable things, then play around with loose change that they can afford to lose on Robinhood. Get off your elitist high horse, you're not a master investor.

>>1672071
going to simulate them and keep track

>>1672070
Enjoy the ride

>>1672074
Good

>>1672077
Yeah I just want to demonstrate how bad /biz/ is at picking stocks

>>1672072
no

>>1672042
please be real

>>1672072
>JNUG/NUGT

Son, these are literally derivatives of derivat

>>1672072
>JNUG
>NUGT
>"invest"

>>1671789
Hi Griffith here.
Picks for long gains:
AMD
NVIDIA

>>1672085
>implying they won't go back to 7-9$ a share.

>>1672085
>>1672072

These things are derivatives of derivatives. At least they're honest enough to have 'DAILY' in the names...

>>1672087
You're literally guessing and have no idea what you're doing

>>1672087
they won't without a reverse split

>>1672090
Yea and so far it's worked, what's the problem? There's been like one other time in the past 5 years that these stocks were this low, why don't you think they'll bounce back when gold is pretty concrete?

>>1672082
It's real

drys is going crazy right now.

>>1672093
JNUG has also went down to 3 before. Do you understand how daily leveraged etfs work?

>>1672093
youre a fucking idiot

buy some gevo

>>1671967
Because if you gamble right you make a larger return in a smaller amount of time.

>>1672093
The Shanghai market's taken the post-yellen gold slump rather well ( -0.24% to London's -1.12%...)

Eastern premiums look awfully high.

>>1672099
Nah I bought that for a bit and sold it right before it dipped to hell, glad I made some cash on that meme though.

>>1672098
Where can I learn about this shit besides investopedia? I am definitely just picking memes by chance but I want to know what I'm doing.

>>1672097
Will it last?

>>1672103
>>1670725

anyone else stuck? I don't want to add anymore money to my account, but I don't like the stocks I'm holding on to. I'm hoping that they have some good days soon, but it's all red for now. I don't want to sell at such a big loss. I'm stuck.

>>1672104
it's all over the place right now. A lot of hype behind it. I doubt it will last but who knows, drys is always a wildcard.

>>1672104
dont know but it saved my day

>>1672078
>Yeah I just want to demonstrate how bad /biz/ is at picking stocks
>Is this the place to pump and dump and/or shill a worthless stock?
>NO! THIS IS 4CHAN, A PLACE OF POLITENESS AND PROFESSIONALISM!!!

>>1672108
Me
I have 80% tied up and it's lost me 400$ thanks such
Idk what to do
I'm down 1K in total
Fuck me

I think PTN might release buyout announcement in AH press release.

>>1672108
were you leveraged?

>>1672113
Auph not such***

>>1672114
????

http://www.marketwatch.com/game/4chanbullshit
JOIN

VCEL really fucked me today

>OPTH pushed to a new 52 low.
MOON MISSION INCOMING.

DRYS LMAO

http://www.zerohedge.com/news/2016-11-25/dryships-market-what-comes-next-anyones-guess

Locked in 150 shares of drys at 5.39

Feelsfuckinggood.jpeg

>>1672130
Hope your anus is loose enough.

>>1671789
>tfw will never have real 10/10 /biz/a/ waifu

who ended green

:-)

>>1672136
me :)

>>1672137
:-)

>>1672136
Used up my 3 day trades, but this week has cancelled out 3 months of red.

>>1672136
pulled out early and decided im done for the year unless a really promising meme comes along.

"You're all caught up..... cards"
What does this mean I don't use robinhood

>>1672141
That's a good ECQ wave.

>>1672126
Lel

>>1672061
Amrs

XGTI just announced reverse stock split

>>1672145
It's a minigame. Everytime we play, we gain couple Robinhood coins that we can trade in for shares in stocks of our choosing.

>>1672145
They give you "news" cards mostly pertaining to your stocks performace during the day. For example, lets say you are watching or have a position in FB, it will let you kow "FB is up 1.23% today."

>>1672169
dayum 1-10

>>1672061
if you are holding nvcn

DRYS is gpimg to go up tomorrow hope people held over night.

>>1672187
naw

>>1672187
hope so, im in at 4.22

>>1672187
>>1672127
>>1672111
>>1672097
>>1672196


>GUYS DRYSHIPS JUST WENT BACK DOWN TO 88.5 BUY THIS DIP DRYSHIPS IS GOING TO THE MOON

>DRAM obliterated in after hours trading.
>down 9%

Wew lad. Saw a few of you holding, hope tomorrow's kind to you.

>>1672073
Unless you're a millionaire nobody has "spare money". I highly doubt "most of the people" you've talked to on here are millionaires. Just stupid with their money. And you're right I'm by no means a master inv don't take unessesary risks with my money.

How to turn $3000 into $2000? Invest in $ORIG! pFucking Greeks and their debt. Down 33% in one fucking day. Is the oil recovery a meme should I stop limit every oil stock?

>>1672209
I already lost $200 on it I might as well hold through the merger

G-G-G-GUYS DRYS IS BACK OVER 20 TIME TO BUY BEFORE IT GOES TO THE MOON

>>1672227
What application?

>>1672248
Fidelity Active Trader

>>1672227
>>1672197

>>1672250
>tfw too smart to buy DRYS

Guys I liquidated everything I had and quit my job, so I could buy $200,000 worth of DRYS. I bought it at $102, but haven't sold because I don't want to lose all that money. This is just a dip right??? It's still going to 3000 a share????

What's a good broker app for 5k? I want to upgrade from robinhood would like ah and pm abilities

>>1672187
>>1672196
You will regret this.

>>1672003
KTOV

Roleplaying ITT

Meme round up?

>VCEL

>>1672292
why, if it starts dropping i will sell, im already up 30%

>>1672312
What's your stop loss?

>>1672313
5.00

>>1672308

anyone got a list of decent dividend stocks worth looking into?
or know some off hand?

>>1672258
Yes

Glad I sold NVCN earlier to buy drys or I probably would of lost my shit today

>>1672342
GAIN & GLAD

>>1672331
>2.95
Doesn't even make sense

Is VCEL gonna go up or should I just neck myself now

>>1672427
I'd wait it out, it's not like the company is going bankrupt

>>1671798
I bought JNUG at 9$ I feel so fucked right now I lost half my money!!
How long before it goes over 9$ again?

>>1672436
Do you use stop losses?

>>1672427
Dilution despite them saying there's gonna be no dilution on the CC

Seriously considering killing myself rn

Fucking down over $12k today

>>1672451
i lost $400 from $6000 and felt bad

brah

I can give you a hug

>>1672427
Yes its going to make a wonderful recovery the lower it goes the bigger the gains.

>>1672451
Dam lol

>>1672459

Yeah VCEL just fucked me. 12.9k shares @ 3.88 avg. This POS is sitting at around 3 in AH on news of dilution.

Appreciate the hug, I just need to really re-evaluate my life or something

>>1672451

>>1672465
>>1672470

>>1672473
It'll go up sometime champ

>>1672427
why do you idiots always chase stocks

>>1672451
>lie and make tons of money
>get away with it because tons of money
Doesn't help that our new president is the embodiment of this

>>1672451
Don't do it. Life is precious!

>>1672482
>No job
>be on welfare
>robinhood has no commission
>chase meme stocks all day

Anyone have a strategy they want backtested?

>>1672487
you're supposed to invest in them before they explode.

i invested in VCEL when it was around 2.7 and banked. why people buy at peaks is beyond me

>>1672490
buy when it hits +10% sell when it hits +15%
stop at +5%

on the day

>>1672501
to clafiry
>Buy when stock hits 10% up on the day
>Take profit at 15% up on the day
>Stop loss at 5% on the day

>>1672491
If you could accurately predict peaks you'd be a billionaire, don't act like you can

>>1672505
ye

>>1672506
never said i did, i just don't buy while it's been rising and volume is at a high

>>1672491
Dont complain. Otherwise itd be a struggle to cash out at the peaks. We need NEETS to take the fall for our shit

>>1672507
working on it right now... Do you want stocks that cross 10% midday or do you want to include stocks that gap up more than 10%

>>1672505
high volume stock only please

meme of the day runner if possible

>>1672451
>Seriously considering killing myself rn
>losing all of those future gains
Your attitude is poison. Hustle your way into the penthouse Anon. I believe in you.

>>1672511
uhh

up 10% in premarket

>>1672517
wait that doesnt make sense

up 10% after the first 10 minutes

>>1672518
up 10% from open, or 10% from previous close? If from previous close, I don't know what you want me to do with big gappers

>>1672519
shit good point...

ok new plan

if its up above +10% from previous close, then buy at open and sell at cost + 5%
stop at cost - 5%


i hate my plan now just forget it

>>1672526
How about up 10% from open and +5 TP and -5 SL
That's easy enough to program

>>1672227
Anon I just opened my first brokerage account to buy $500 of DRYS. How long until I an hero?

>>1672531
yeah sure okay

>>1672536
Will get back to you

>>1672539

K... KEEP ME POSTED

>>1672539
give the strategy a name so i recognize you in tomorrows thread

>>1672547
I'll be done in less than 20 minutes

>>1672549
alright

you are running it on todays charts?

>>1672555
Backtesting on 5 minute chart of the full history of every stock my computer can process without crashing

>>1672555
Do you want it to sell at the end of the day, or hold overnight if it doesnt hit a profit target or stop loss

>>1672032
Yea they might dip first a bit but as soon as they hit 100 it's moontime

I'd sell before the dip but, eh, last time I tried to do that there was no dip and I regretted it. I'm going longer term with nvda

>>1672563
sell it and tell me daily P/L

>>1672565
market sell at 3:59

>>1672532
Maybe after your yaht breaks down 1000 miles out at sea and the blow runs out so you are fucking these hookers sober and realize you had a great run

Glad I got out of VCEL at 3.45, only lost $80.

Cut losses quickly and take gains early bros

>>1672485
cash rules everything around me cream get da money

dolla dolla bill y'all

>>1672486
>>1672480

Thanks buds

>>1672516
Yeah man I feel ya

Tbh the reason I make these yolo bets is that I don't see money as real anymore. I have very fixed spending habits and earn way more than I need so I just count all of these losses as very expensive lessons in what not to do

Thinking of taking a very disciplined approach of trying to add 1-2%/week next year

No more chasing

Bro I'm down like 50k for the year, but it doesn't even phase me. I can't tell if this is a coping mechanism, stupidity, or the right mindset

>>1672584
Smart man

Shoulda sold at 3.95 to break even at open and jumped into DRYS or another shipping meme

Had a bad feeling but ignored it

>>1672587
Yeah I'm so mad at myself though. I got into it at 4 yesterday and let it ride all day. Could have been up $80 instead of down.

Something told me to take the 10% gain

>>1672587
>>1672593
Determine exit rules before entering a trade :)

>>1672595
I just saw a huge dip on the first day after the pop turn into a run to 4.50 so I figured that level of volatility came with the territory. Wasn't going to set up a stop loss at 3.90 based on the previous day's pattern.

But point taken - that's my plan with the 1-2%/week plan for next year

>>1672595
>>1672593
I just start to get emotionally invested in the stocks, like "it's a great company, great products, management wouldn't fuck over chasers with dilution after they said no dilution in a CC"

I need to learn how to trade based solely off charts using a stock screener

Any tutorials/resources my fellow /biz/raelis would recommend?

Thinking of copping finviz pro to backtest some strategies but I feel too poor rn lel

>>1672586
> 50k

>>1672605
Just torrent tandem trading and trading tickers

You can torrent most of Tim Sykes collection too but he rambles to much

>>1672605
I understand. I used to be emotionally invested in gold

how can you all be down so much on the year

jesus man

stop meme chasing

start just listening to cramer or something

>>1672605
New trading plan for you:
>find meme stock you want to buy
>short it instead
>profit

>>1672605
>go to stocktwits
>look at all the hype fags crying over people selling
>laugh at them

you buy, and then you sell while they hold the baggage and fail

there we go problem solved

don't be a greedy WIN BIG gambler type person- just take profits and move on

>>1672613
>how

BZX early in the year
TRXC right before their surgery bot got denied
HTBX (biggest one)
IMNP (bought high)
PTX timing was way off, hoped for buyout
KMPH fucking labeling
TTNP still believe this was a travesty MM
CERU mah nigga
CASC similar to CERU
GNCA chasing after good results on herpes

Successes:
Rode PETX for a while
Rode AMD for a while
Doubled my money on GEVO once (remember the test flight)
Swing trading NETE
XGTI
Well timed trades on MNKD

Been up a lot been down a lot

Now I'm down a lot lot

Like I said, it just doesn't feel real anymore

I'll be fine, thanks for the concern bros

>>1672627

man I think im done with pharma forever

>>1672618
Fuckin genius lel

Recommend me a broker that lets you short

I used to use ustocktrade but they really cucked the shit out of me

Prevented me from buying $25k of AKAO (or any shares) on open because "tick size is too large" I mean wtf. Could have doubled easily

>>1672623

This is the mindset I need

Coupled with not being emotionally invested in stocks

Do you use the heatmap or something?

I need to learn how to use stock screeners I think. I feel like trading without emotion will be easier that way. Just going off momentum for 1-2% gains/week

1.02^40 = double my money in 40 weeks

Then I'll be good

>>1672628
just chase one more meme bro trust me

you're right though. fuck pharma

I learned all the wrong lessons from CPXX. what a golden stock.

>>1672634
try this trick

pretend you have bought a stock and it is up 25% or something but you think it might still go up the same day

fuck it who cares just sell it and take the profit. if it goes up more -well- you already made a profit, sp move onto something else.

don't feel left out when the stock climbs harder and other people are cheering- just find something different or maybe the same stock is good for later to buy

>>1672667
My main issue is letting everything run on binary events too often

But I get your point and I do try to take profits whenever I get them

Only problem is that I lately have been picking real stinkers that I get in too late on in an attempt to chase (HTBX and VCEL for example), so there are no profits to be taken

What I need to do is reduce my threshold for what is acceptable profit. That's where my 1-2%/week plan comes in

>>1672679
1-2% a week isn't realistic there will be a very high standard deviation

>>1672679
one more tip

if you notice someone is shilling an old stock just fucking ignore them. sometimes they make a come back, but there has to be a source to prove it.

they are probs holding a bag like faggots anyways

>>1672684
What do you mean by this?

Can't I just look at momentum on stocks that are trading on high volume using a screener and find a wave to ride for 1 measley percent per week?

I don't mean getting 1-2% from a single stock per week.

Hoping to back test this strategy before trying it out, so if it doesn't work out I'll remember you told me so

>>1672691
It will fluctuate much wider than you think

>>1672258
Is that guy still breathing?

>>1672627
>no stem
>no saex
>no shipping memes

Do you even chase

>>1672723
Just found out about shipping memes today when I saw DCIX and DRYS run

Bio is just so much more familiar to me

I know how to reliably lose money in it now, time to switch over to another sector and learn how to lose money there

What's the secret with shipping, just catch a wave and sell at open the next day?

Can someone explain why there was that huge spike in shipping stocks? I don't understand the fundamentals at all

>>1672727
No fundamentals, it's all running on hype

I mean come on a stock goes from 5 to 100 and back again

Don't get caught

>>1672725
Yeah some people claim it goes by the Baltic index but it's really just a pump and dump on a memetastic level right now I'm in DRYS and watching RLOG pretty closely

>>1672732
Thinking about chasing RLOG tbqhwy

Wondering if shorts will truly cover VCEL tomorrow making it worth my while to stay in

I can't wait for this ride to end

>>1672731
Hype about what? What exactly made so many people think shipping earnings were going to rise?

Okay so first-time-to-be investor, Australian.
I have a very fundamental understanding of what stock is and such but what I want to know is if there's any other fundamental information I should get before jumping in

>>1672740
Yeah don't follow any advice given to you on /biz/

>>1672741
Then should I not listen to you?

>>1672742
I mean people come on here and shill for pump and dumps

>>1672739

People are following the momentum of these stocks

I mean look at all the fuckin idiots on stocktwits talk about drys, it's worse than mgt

>>1672744
Meaning people that jump up and shout out to throw as much as possible in a particular company?

>>1672748
Now you're getting it

>>1672739
>>1672731
I think at least for DRYS they got news that they're getting 200mil financing from somewhere

Fuck it's so hard to cut your losses when it's 25% on $50k but I might chase shipping tomorrow

Wish me luck lads

>>1672751
Dont do it just do JNUG JDST trades

>>1672751
Makes sense that one would do that, I mean if the stocks are dirt cheap and everyone throws in the price of the shares go up, if you time it right couldn't it still work out?
Oh yeah with Robinhood yet to come around in AU should I still avoid a brokerage? Throwing $15 - $20 per trade sounds as hebrew as it gets

How bad would this be?
https://www.youtube.com/watch?v=86g4_w4j3jU

how low did stocks go on black monday?

>>1672753
I do like this idea. Where you set a buy stop order on either the bear or bull, wait for it to complete, and then set trailing stop losses on the completed order?

I really do want to chase something and make my money back quick

But that's the mindset that got me into this mess. You may have a point. How has it been working out for you? Seems like a lot of the gains on that stuff comes from holding overnight which is something I hate doing with ETFs

>>1672759
*on both the bear and bull, wait for one of them to complete, and then set trailing stop losses on the completed order?

Is what I meant. I don't have a great charting program that can do the bars that >>1670725 talks about. Recommend me one?

Think or swim? Might be worth opening a TD account just for the graphs

>>1672756
Who cares about blue chip grandpa stocks I bet there was memes soaring sky high

>>1672762
so true
imagine tvix or sdow

holy smokes

>>1672761
It's wealth lab pro. You have to pay for it if you don't have an account with fidelity

>>1672755
Hey fellow ausfag, im in the same boat. There's a few brokers that offer lower fees for brokerage and commission but they are pretty shitty by the looks of it. I'm probably going to open up a nab trade account next week so I can get in on the meme stock fun

Robinhood announced beta for aus like almost 1.5 years ago. I'm pretty convinced we'll never get it desu

>>1672789
There's probably a lot of shit they have to do involving the ATO, ASX and such. I'd imagine the ATO would be taking their sweet ass time because there'd be a lot of money even with the NABTrade accounts
I'm thinking of the same until Robinhood magically emerges for all of us. It was may they announced it so I really don't blame your mistrust in it. I might shoot them an email.

>>1672799
Also by the looks of it they have to coordinate things with banks seems you can link your bank account with Robinhood, I'm sure the big4 would be pretty hesitant or even unhappy with commission free trading

>>1672761
tfw td

:' c

Waiting for the dead cat OPHT to bounce from the over correction.
>no debt
> all time low
> pharma
It'd be dumb not to take the leap for huge gains.

>>1672819
I actually thought this was a meme stock and went through their financials to show how bad they were.... but they have pretty good financials. Low debt, lots of cash etc...

>>1672825
what's wrong with it then

>>1672836
It looks good actually

>>1671254
>>1671254
>>1671254

>>1672843

too early.

310 is the bump limit

Wait so drys has a market cap of 6million and just got a loan for 200million dollars? Am i reading this correctly?

Is drys gonna drys again

>>1672881
It's going to JUST again more like it

This will be the Tuesday morning thread
>>1672901
>>1672901
>>1672901
Tuesday morning bread
>>1672901
>>1672901
>>1672901

Linking new thread because whoever created it earlier is a moron

NEW THREAD
>>1672839

NEW THREAD
>>1672839

NEW THREAD
>>1672839

>>1672731
You guys need to download yahoo finance gives you easy news. There's successful refinancing thus restarting the meme train that is DRYS and in turn other shipping stocks.