/biz/ - Business & Finance

So far, CARV, AMS, UONE (as well as K shares), BYFC, et. al are all hitting well over 100% growth in the last week.

Of all these businesses, only BYFC seems to have been undervalued (holding over a billion in assets with healthy financials and yet was trading at 1.97/share when I bought 1400)

This may lead to a new bubble, as a lot of investors (esp. Young Black Investors) will be wiped out when these companies produce ruinous financial statements that can't match the hype

>>19809148
>imagine givin a fuck about this

Gibs me that faggot

>>19809148
>Niggers can read/comprehend financial statements

>>19808856
>Undervalued.
> Up 300% today.

I just bought in at 700 at around $6.20 I’m just suppose to look at this graph all day or come back EOD?

Pls help I’m a brainlet first time trusting biz

>>19809712

You're talking BYFC?

You should have waited til it traded lower before lunch time

AMS is BLM bubble stock, but there is still no reason why it can't be bought into and reap the proceeds while still a bargain at 3.50/share

>>19809598
>have been undervalued
learn to read, retard. He didnt buy it today did he

>>19808856

>In February, through his companies, Sugarman acquired a ton of BYFC -- 9.66% or 1.8M shares -- just under the poison pill threshold. This made him the largest single shareholder in the company.

>He did so through Commerce Home Mortgage, and immediately sent a letter to the Board of Broadway Federal, saying that they wanted to buy the company, demanding a meeting and to drop the whole poison pill thing.

>CEO Bradshaw wrote back a neutrally worded letter to the effect of "we'll get back to you on that

False alarm, BYFC like all banks is secretly ran with a Jewish hand behind the curtain

>>19809148
>a lot of investors (esp. Young Black Investors) will be wiped out
>(esp. Young Black Investors)
LAUGHING OUT LOUD

>>19809921
You think it will bounce back?

>>19809712

>now at 4.67/share

See

>>19810885

I believe so. Look at that massive trade volume, and there are still another 3 hours in the day--either way, I wouldn't sell today unless you're trying to make a quick daytrade, as I don't think the rally is over (reminder that UONE rose to 30, before falling to 12, before rising to 40)

>>19811089
Will it rebound ?

Pls

DIAMOND HANDS

I'M TIRED OF LOSING AND TRADING EMOTIONALLY

>>19808822
Is nobody concerned about a 25x in market cap in a week for actual firm/not a crypto?

>>19811321
>>19809712

Why do you guys keep buying near the daily high?

>>19810148
You're a lukewarm water temp IQ brainlet. He's coming here to dump his bags. Look at EVERY single fucking post on /biz/. It's all a ponzi to dump on people.

>>19811388
I'm retarded

>>19811388
I bought in initially at $5 but put in more at the $6 mark hoping it would keep going and hit $10.

Fuck this gay ass shit
How the fuck do you guys do it.
Also why couldn’t biz predict the UONE moon or BLM stock moons several days before who the fuck is running this site REEEEEEE

>>19811432

I admitted in the opening sentence it's a bubble, and seeing as I'm holding no UONE stock, I'm not sure how

BYFC is *indeed* rallying much higher today (still over 200% growth and hit the 52-wk high today), I didn't tell anyone to buy near the daily high

>>19811496
I literally posted about CARV and BYFC at least a day before both of them joined in the penny stock general. Most people ignored me until it started moving

>>19811496

You listen to rumours online (Stocktwits, reddit, fb groups etc.), pay attention to market catalysts (in this case, BLM and George Floyd) and you watch the overall market sentiment.

Also, look at pre-trade volume and whether or not the equity is rising or falling in price, as (short of any catalysts) that will generally give you the trajectory of where a price is going in the day

>>19811543

CARV I think is still overvalued, but BYFC has it's price artificially depressed by (((Sugarman)))

Bump

>>19811543
I heard you anon;)

>>19808822
Who here bought under $2 yesterday? Sugarman can't hold the price at $5 forever.

It’s okay BLM frens. Our stonks are the fastest.
>DIAMOND. HANDS.

Let's gooooooo

>>19808822
Bullish for Verasity and Corona-based jobs (gaming, tech bros, apps, etc) BUY VRA

>>19812387

If you bought in at under 2/share, you're going to buy a new hat today

>>19812439

What is the relation of VRA to BLM?

Anyone looking at BBGI?

>>19812777

Yes, just bought 300 shares at 3.58/share after divesting from AMS (moving like molasses)--Let's see where it goes

Realistically when should I just dump byfc? I got in at 1.78 but only bought 140 shares

>>19812916
stagger trailing stops so you just get out without having to think too much

Is JMIA going to pump too?

>>19812916
I’d wait over the weekend and see where it pumps on Monday. I went all in and am confident it will be another UONE

>>19812916

It hasn't even hit Robinhood's top movers and has +120x market volume. I'm gonna hold to Monday (bought under 2/share) and see where it goes, since it ain't done yet

>>19812937

So far trade volume isn't high enough to warrant interest imo unless you're preparing for a power play, but I'm gonna buy some rn just for safety

I too shall hold my stonklets over the weekend. I believe it’ll hit another gear, and if it doesn’t, that’s just the way it is.

>>19813055
If apple didn’t open its faggot mouth about muh closings shit would have ran so hard

>>19813101
So dumb. At this point the US just needs to either lock everything down for 2 months and we buy the shit out of the dip, or get the fuck past it and let the strong come out the end of the tunnel. This is truly crab world.

>>19812777
Yeah, I'm in it for a 1k. It took half of my BYFC profits and put it in. I'll see if it does anything over the weekend. Even if it plummets, I'm still ahead

Damn is BYFC dead?

Jesus fucking christ why didnt I just sell at 6

>>19813481

Don't feel bearish just yet. Both UONE and CARV took massive dips before rising to highs again (UONE fell to ~12.50, CARV to ~9; I felt really bad about CARV since I bought 200 shares at 16.08, got depressed when it fell to 8.70, and then sold at a profit for 16.78 this morning.)

I can tell a lot of you are new investors, and I'm going to tell you right now that paitence is truly a virtue in this game

>>19813536
Yeah but on their initial upstride they hardly hesitated at all. Byfc looks nearly broken and it cant just be profit takers

>>19813587
byfc has potential im holding till monday morning

>>19813606
Yeah no choice now it's nearly at open price

>>19813587
The reason BYFC is facing resistance is because there is a white guy trying to buy the entire bank out. He was the one holding it below $2 while everything else moons and I'm sure he's trying to tank it now that we mooned.

>>19813642
Didnt he own 9.5%? He wouldve made more selling at 6.50 than this shitty bank is worth for sure

>>19813642
[[[white]]]

>>19813642

>White Guy

>Sugarman

I'll tell you right now my brotha, Sugarman is Jewish

>>19813669

You greatly understimate the potential of owning a bank in an undeveloped market sector.

You know what, fuck this thread, half y'all niggas have no idea what you're even looking at

>>19813795
Most people here jumped in to make a quick buck and got out this morning. I don't think 90% of the people buying the stock even understand the situation with Sugarman and why he'd want to suppress the stock value lmao.

>>19813795
I'm looking at my gains get decimated that's what I'm fuckin looking at. Explain what I'm missing

Why is all This weird shit pumping

>>19813864

https://old.reddit.com/r/RobinHoodPennyStocks/comments/hbdgc4/historically_black_broadway_federal_bank_byfc_in/

>Tl;Dr A greedy goblin Jew artificially depressing prices in order to maintain his dominance over other shareholders and board members, so he's dumping stock to keep the gains down

What price did you buy in?

You idiots this dip has nothing to do with sugar man. It has to do with market reaction to Apple closing its stores down again. Everything is dumping.

Also, watch BYFC gain heavily in extended and pre-market Monday trading, just like all the other Black stocks this week

>>19813932
1.78 ;^) but only put 250 dollars into it. Figured itd be a long shot to cover a big expense I have coming up and the rest of my shit is down 6% this week so if I'd sold at 6.50 I'd be golden

>nigger stock

Never gonna make it

>>19814002
It’s already recovering along with the rest of the market. Gay fuck Tim apple spooked everyone by closing his stores. Everyone’s remembering that he’s gay tho so ppl are buying back in

>>19814119

>Implying Tim Cook has the power to sink the DOW by 250 points by closing a few stores

>>19809148
https://www.youtube.com/watch?v=FRZN7IzvCVs

>>19814228
Apple stock has some swing. It’s one of the big tech “safe” stocks ppl flocked to during the initial crash in March. Ppl also use companies like these as indicators of how thing are with this virus. So when apple said they’re closing their stores again, investors and algos got spooked overall and sold off apple. That likely caused a cascade effect with other tech stocks and inevitably hit all the s&p.

>>19813032
pump my 500 calls pls

>>19811547
Stocktwits is literally a collection of the dumbest people on the internet all coming together to lose money

Also BYFC’s volume atm is absurd. 150+ million when it averages 1.4 million. Jesus.

>>19814481
What exactly is happening that could keep the stock down if the volume is so absurdly high?

>>19813864
You're missing a few brain cells because you put all your money in a get rich quick scheme instead of investing.

>>19814525
The volume from this morning and early afternoon. But then apple announced it was closing all stores and that sent shockwaves through the market. People are now spooked across all stocks. It’s also almost quad witching hour, so everyone is holding their collective breath waiting to see whether we pump or dump. Regardless BYFC is still gonna moon hard like UONE, so I’ve bought puts it on spy and NCLH as hedge.

Us bottom feeders were talking about BYFC before it mooned in /ptg/ lol.

>>19814535
>put all my money
Literally explain that I put $250 into this. Sounds like you're missing the brain cells bud

>>19814388

That's why it is useful

>>19811496
>I bought in initially at $5 but put in more at the $6 mark hoping it would keep going and hit $10
Don't day trade expecting to double your money. Get some modest gains then get out.

>>19811496
thanks I bought at 1.40 yesterday and sold it for 5. hopefully to you, I had 3000 share and literally make thousands, thanks bro.

>>19814753
The fact that it hasn't plummeted further comes as a real surprise to me. I wonder if it will try to rally over the weekend.

>>19813642
>(((white guy)))
he's jewish, not white. jews are not white.
t. nigger

>>19814829
It’ll do the same thing UONE did/is doing. I’m holding out for big gains next week.

>>19814977
I wish you luck anon. You never know in this crazy market, nothing is intuitive

>>19809148
>may
it went up 30x in a week, the smart shareholders are cashing out and laughing their asses off to the bank

the Nigger Bubble is going to make the South Sea Bubble look like some kid's high school algebra paper trading project. we're hitting levels of Nigger Worship that were thought impossible until 2020.

>>19814623
>that's a lot of watermelons
holy fuck my sides

>>19814957
damn /biz/ is so diverse we have our own house negro to show how woke he is on the jew-white distinct.

Give me the rundown on BBGI

>>19815051
A trip down memory lane!

I'm thinking Monday or AH today we moon

>>19815089
BBGI-similar to UONE, black owned. Seems to be riding the tailcoat of UONE, things is if uone goes off the cliff so will this one. But if the rally brings in more suckers over the weekend, it may take off.

>>19815193

Rising at molasses speed though despite the increased trade volume

>>19815193
Is it really?

>>19815254
Yeah, because of this it will either crash and burn or shoot up in AH or over the weekend. That's my hunch, but fuck I may be dead wrong.

>>19815051
It’s even better when you imagine them waving their flag with it

>>19808822
>can't buy puts on it
god damn it I know it's gonna tank hard, let me put my money where my mouth is

>>19815282

Lmao that's one light-skinned nigga

>>19808822
This is the new Dryship?

>>19815392
It’s a body double. Just like Beethoven

>>19815282
I guess they are the parent company of UONE

DD be damned, this is purely driven by sentiment. That Beasley fellow should just do an Ancestry DNA test to prove that he is 2.5% African American

>>19815423

>parent company has -25x the market cap their subsidiary does

Ok then

It's up to 4 now. . . Fuck I wonder what it will do

BYFC is down to 3.18, but I am still confident it'll reach 6/share again.

WHERE IS THE AH PUMMMPPPPPPPP

>>19816106
I hope so. I have a lot on them thinking it would be another UONE. Why are you confident in them?

>>19816235

Financials look good, there is artificial price depression going on, and trade volume will remain high into next week

>>19816106
Even though it’s dropping really low?

I honestly thought AH it was gonna just POOOMP

>>19816327
Not with quad witching and muh corona spooking ppl. But I think >>19816315
is right. This will lump over time soon. The meme factor alone will do it. We saw what happened with UONE. As long as BYFC’s story propagates enough over the weekend and isn’t overshadowed by something else, we’ll see it rise next week.

>>19816439
So the strategy is to shill for others to hold the bags?

>>19816439
Agreed. This bank has an actually story with a shrewd “white” guy involved trying to take a black guy’s business. No way will this story not burn through social media and have people flock in to support black business. All the variables make me think this hold will truly pay off

HOLY SHIT BROS IT'S FUCKING MOONING!!!!!!

>>19816593
We got to cocky BYFC bros...

>>19816470
No the strategy is to let the story propagate and allow emotional activist investors to pump the stock like they did with UONE and then profit.
>>19816496
It should work unless some really bad news this weekend overshadows fucking everything come Monday.

>>19816877
Checked

>>19808822

Can someone red pill me on BLM stocks? What makes them related to BLM? Why are they mooning? Is this how we profit from libtards with white guilt?

Diamond is brittle, britlle hands

>>19817230
Let me explain it to you, whitey.

These stocks is mad trifilin'. BLM is straight boolin'. If you integrate the trifilin' factor by how much wiepeopl is rasis, BLM stocks bool out of control, and Africans rule the market.

Do you get it now whitey?