/biz/ - Business & Finance

>>373663
>http://seekingalpha.com/article/2143943-general-moly-3-different-insiders-have-purchased-shares-this-month

>http://finance.yahoo.com/q/it?s=GMO+Insider+Transactions

(Insider buying @ .98$)

>http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001104659-14-035042.txt&FilePath=\2014\05\06\&CoName=GENERAL+MOLY%2C+INC&FormType=10-Q&RcvdDate=5%2F6%2F2014&pdf=

>Based on our current plan, subject to availability of full financing for construction of the Mt. Hope Project, we anticipate commercial production will be achieved following a 20 — 24 month construction period.

>http://www.generalmoly.com/pdf/Mount%20Hope%2043-101%20Feasibility%20Study%202013.pdf

>The base case economic analysis indicates that the project’s after tax NPV at an 8% discount rate is $953 million, an after tax Internal Rate of Return (IRR) of 19.1% and a payback period of 4.1 years from beginning of production.

>>373665
Well earlier in the thread I noticed a bull flag forming around 3 days ago, and it looks like yesterday was a nice breakout (even though the markets were in the red) and GMO might be finally entering an uptrend.

Heres some basic (and I mean rudimentary) TA. Looks like breakout was yesterday and we have a nice cross on the MACD. New range can get anywhere between $1.04 and up it seems but use your best abilities to price in the floor.

Mind you, none of of us really expect to make any money with this. It's a "Throwaway" or "Hail Mary" kind of a stock that is overwhelmingly bad (Been in a downtrend for over a year).

Pic related, GMO as of this morning.

TO THE MOON

>>373673
So this is just for a quick buck. I remember doing something like this back in the /econ/ days with OCZ.

>>373677
>OCZ
RIP man.. Too soon. Fuck you.

Also it's not for a quick buck, it's just something cheap me and a few other anons decided would be worth getting into since our requirements were:

>Cheap
>Related to small miners

A quick google search of "Publicly traded copper miners" lead us to GMO (only one that wasn't sub-penny or 15$ per share) so we bought right then and there.

Its less for a quick buck and more for buying with your /biz/ buddies and enjoying the threads as we win and lose together.

>>373679
I should hang around here some more to change my mentality. I used to have the econ board pinned all the time until it got shut down. It has been a while.

>>373685
Were you just a lurker or Skype group bro? Also any news as to why it shut down?

>>373688
Oh no I just lurked all the time. I'm just guessing it was shut down because biz became a thing.

>>373692
Yeah, glad moot finally came around though.

Also anyone watching the PVCT train? Up to $1.45 from that 0.70$ buy price ;^)

AMD isn't doing to bad either.

>>373813
I'm iffy on my AMD position because I have a feeling it will drop hard soon. I have some pretty high stops for it.

Then again, it might be a phenomenal ultra long position.

>>373844
When did you buy in? I'm still holding from that $3.32 buy in price from a long time ago. 80% of my shares are from that price and there's a remaining 20% in at $4.06 before Q3 ER (massive fail on that one).

I don't have any stops since I've almost held for a year now and I want that tax reduction should I decide to sell. We hit $4.43 today.

>>373846
Remember, I lurked /econ/. Of course I would have the a near exact position to yours.

I moved my stop up to 4.21 because that is where I almost sold during the last peak.

GMO PREPARING FOR LIFTOFF

nearly 2 million shares bought in the first half hour on LIVE. Been watching this one for a while. Stock tends to get run up during premarket and with extremely heavy volume during the opening minutes. Could be something to watch tomorrow. I can't read much selling pressure from this stock even though it appears volatile.

>>373892
Buying in, been nothing but a solid company. Bought before it hit the $10 mark but sadly sold when it sent me a 10% profit

>>373663
>>>372790

thanks mate, can't tell u how much i love u for this

>>373933
lmao the fucking dollar vortex

>>373933
>Photo contains dub trips.
>Your post contains dubs.

Are you a wizard?

>>373942

lol this is screencap worthy

90 shares now gentlemen, When do I start seeing women rubbing all over me and wipe my ass with thousand dollar bills?

Just for you wipe
>>373942
top kek

Is GMO gonna fall to $0.98 or should I buy in on a different price?

>>373971
hold on I'm on the phone with the guy who sets the prices I'll let you know in a minute

>>373973
>Too stupid to understand predictions

pls

>>373971

in my opinion it is very likely that it'll drop to .98 at some point in the next weeks

but i don't really know anything about stocks, i'm just tripping because i never tripped before

>>373974
I could tell you just like anyone else can what GMO -looks- like its going to do but at the end of the day it doesn't really matter what I think. Will it go down to .98? you'll have to wait for people to come in and sell and see what happens to them.

>>373987
Seeing as it already did since we started discussing buying it I could see it happening again and going even lower. Actually on such a down day in the market I wouldn't be surprised if-- holy shit it's at $1.16 why didn't I buy in?

>>373997
ehh whatever. I don't invest to scalp a couple quarters. for me if the stock is a good idea then I'm going to buy it. I'm not going to wait for it to move a couple percent. If I have to wait for a 10% pullback before I feel comfortable starting a position in the stock then its not really a stock I want to own. Buy some today and some later, no point in trying to time the market.

IT'S HAPPENING

>>373997
>>373987

So you recommend waiting til it goes below $1?

Also wtf is with the Canadian GMO ?

>>374014
That was my original plan. I could have gotten in at below $1 too, but I said maybe .85 sounds about right. Here we are. Although in the market anything can happen. Looks like things are happening.

>>373971
It already fell to that price last week, and bounced right back. It's the final support level before express elevator to hell.

>>373956
Lol and today we closed at $1.16. Thanks for the picture. Saved.

>>374022
Did you see my picture posted in the other thread showing a bull flag forming? Two days of heavy buying and positive price action trumping the 3 month average on volume. Even on market down days. Highly unlikely it's going to dump but then again it's considered a penny stock so who knows. I'm just glad us that bought in got in at $1.00-$1.09

>>374014
GMO is traded on all exchanges in their native currencies. Hence Canada trading at like $1.20+ something.

THANKS TO ALL - GOING TO LIGHT A CIGAR AND FUCK A STRIPPER

(no I'm not)

but today did kick ass though...

question: why is google finance way off? or is it quoting canada coin? it is showing 1.27

Finally, did we get any news or is this pretty random?

any theories right now?

I remember one anon saying molybdenum is used in war, and it looks like Iraq is actually worse now than it was under Sadaam

>>373933
wow, imagine if our twisted little world somehow seeps onto the CEO computer screen one day

>i love you guys

>mfw SEC party van outside my house

>>374483
because buying a stock and cheering for it with bros is illegal?

nope

there are plenty of internet message boards that do precisely this

>>374474
>I remember one anon saying molybdenum is used in war, and it looks like Iraq is actually worse now than it was under Sadaam
fuck yes, that would be a shit load of profit, I got 90 shares, I could maybe make bank

Also while we are talking about throwaway money, I nominate KBLB as another GMO like stock to invest in, I've got about 1300 shares and honestly it looks like their product is about ready and about to sell shit loads. They are in talks with the Hanoi government right now for using their super silk in military uniforms

>>374513
KBLB
chart actually looks kinda good

>keep in mind I don't know what I'm doing

>>373663

why not a strangle 1 Dec14 for 0,50 per share?
whatever happens dat profit

>>374547
What? Please explain.

You guys realize this is a terrible company right?
They probably don't make any money and bleed losses every quarter.
They have some shell website. That's it.
I'd be surprised if anyone here has read or tried to read a 10k or 10q on this shit pile.

>>374568
i think he meant straggle

which may involve having both call and put options. as long as the stock is volatile, you win

>>374574
we know they are losing money, yeah

I am just worried that if they get financing to kick-start mining operations it will dilute shareholders (because they will give their financiers new stock)

so it depends on whether or not the CEO will sellout his shareholders.

since he was insider buying at .98 that might be a floor, i just hope it doesn't go back there

>>374578
Insiders did buy, yes. Doesn't mean they wont sell before a secondary public offering. Or maybe they'll eat the dilution along with the shareholders.
But you gotta remember, with a company that only loses money, where does the employee salary come from? Capital raises. They'll dilute this fake company down to pennies a share and pay themselves "CEO" salaries all the way down. I'm just saying, why this company over all the thousands of better, profitable business out there?

>>374578
If you really wanna play a rising from the ashes industrial concern, try VHI.
They might actually start turning a profit soon.
How did /biz get stuck on GMO anyway?

>>374605
we put about 10 minutes of research into it

I looked up the CEO, and they are making a shit ton of money, but not aberrant to their industry, and the CEO does have credentials of creating successful business in the past

i put my 10 minutes of research into that, some other anons looked up other things that they were more into

basically we are retarded, but for us I think its just like buying a scratch off lottery ticket, just seeing if we get lucky..

I will check that ticker though

>>374605
Google searched "Publicly traded copper mines" and found GMO. We settled on it because:

>Only one not sub-penny nor $20+
>Small miner that survived the 2013 happening

Not really interested in other suggestions since we are trying to consolidate our efforts into one stock. Would suck if the 10 or so of us that invested were divided among 3-4 different stocks.

And yes we realize its a terrible company. Its a hail mary of a play, akin to buying a lotto ticket. Hence why most buys have been between $100-$1000.

>>374480
>Our twisted little world
Elliot is that you?

>>374474
How much are you up? Also google finance show the Canadian price of GMO for some reason.

There was a TA article on General Moly being a viable company assuming Molybdenum prices hold or continue to rise. Most mines were shut down because metal prices dipped below operation costs. Looks like metals are making a slight come back

Where did all my trader buddies go?

>>374789
They dumped and left

>>374789
sry can't take my eyes off the ticker

>>374818
Most likely headed down to $1.08 to test floor. Resistance is at $1.16 right now and support is at $.98 if we break through floor.

Also it's best to watch on your broker screen as Nasdaq is a bit slow.

I am embarrassed to admit I don't actually have a moon suit. Time to shopping.

Hello goys, I have 500$ I can invest.
Why should I invest in GMO?

Please be gentle and use layman's terms. Uguu~

>>374864
STRAIGHT TO THE MOON

>>374864
You shouldn't, unless you're okay with losing a large chunk of that $500. This is for fun, and is pure speculation with a heavy risk for downside.

>see daily GMO wipe thread
>buy 500 shares because fuck it
>already profiting

I'm a believer!

>>375007
What price did you buy?

Also anyone see that bounce off of $1.08? Hopefully we won't get a close below that price since it's the current floor right now.

Should I invest my last $50 into this? Seems like it could go somewhere.

We have dipped below $1.08... PANIC

>>375052
Were you the guy that bought 2 shares after hours?

>>375151
yes...

>>375153
You could have at least bought it at something silly to fuck with people. Like 2$ a share or something haha.

>>375151
>>375153
Don't you have to pay commisions?

>>375159
>1M in volume
>implying 2 2$ shares will cause 2 fucks to be given
wipe pls

besides i don't think a broker will let you pay more than market if you want to
>no fuck YOU i want to pay DOUBLE for this shit!

>>373663
its been about 2 weeks since i come to /biz/, immediately looked for this thread

>MFW the image i created was actually used

havn't been able to come here much because of school, shit sucks

i saw that the price jumped up to 1.16, did anyone sell?

Wipe maybe you? didnt you buy at like 1.02? could have made some nice profit and be buying again right now

>>375776
Actually price manipulation in AH/PM occurs all the time. Especially on light volume.

>>375801
Bought in at $1.07 which is the current floor. .98$ would have been perfect though. Also never selling unless we hit like $5 a share or something

>>375801
Sorry, $1.03 is the current floor

Bump to keep thread alive until Monday.

>>376088
>$5 a share

You mean $50, right?

>>376594
Sorry meant 238,900$ per share. One dollar per mile to the moon.

>>376728
Is that even possible for this company? Like maybe 100 bucks a share?

>>376754
Realistically? $8 is the max this company has seen in the past 5 years. Expected would be around the $3-$4 range (prices before 2013 dip) so I think that's a realistic goal.

But that's still a 300%-400% increase from here. Assuming stock doesn't fad into oblivion

>Nevada Supreme Court Rules Against Vegas Water Claim

So what does this mean for General Moly? There was some anon that said this ruling was important.

http://www.8newsnow.com/story/11896235/i-team-nevada-supreme-court-rules-against-vegas-water-claim

>>377009
I'm trying to figure out something logically but I can't.

>>377296
>>377296
Bump

>>377009
Water is necessary for most mining operations

Come on /biz/, let it happen

>>377662
Actually the article I pulled is an old one. Has the Nevada Supreme court ruled yet for 2014?

>>377733
how many shares you got now bigboy?

Nice gain already

>>377772
Kind of boring, but that's not bad. I'm appreciating a slow consolidation at these levels. Testing resistance ($1.16) and support levels is healthy. Especially when these bounds are slowly moving up.

Im enjoying the show AMD is putting on right now.

>>377766
I bought 600 shares a while ago @ $1.07, although I wish I was more patient and waited for that .99$ but oh well.

What happened to that anon that bought 5000 shares @ 1.03??

>>377794
I bought 300 @ $1
i wish i had bought more now

>look up GMO quote
>trading at 1.30
>look at my investopedia fantasy portfolio
>1.08

Why?

>>377802
Hindsight is 20/20. Better than not getting in at all right?

>>377804
It's only with 1.30 in whatever Candians use for currency (I think maple syrup oz).

Canadian exchange has GMO listed for $1.30 and New York has it for $1.08 and it would be nice for the gap to fill on our end ;)

Here's an updated chart with the current floor, support, and resistance marked. Annotated for your convenience.

/biz/ - Business & Finance

The stories and information posted here are artistic works of fiction and falsehood.
Only a fool would take anything posted here as fact.

>>377829
I think that's the heading for /b/, but /biz/. You seem to be lost, here let me help you.

>>>/b/

>>377833
I was making a joke.

I'm all in on GMO.

>>377835
ITS HAPPENING ( ;_;)

Remember the people who were shilling DGAZ (3x Short Natural Gas)?

Where are you faggots at now? REKT

>>377846
If you can daytrade then DGAZ and UGAZ are amazing plays. Assuming you can time it right every Thursday.

Either way, doesn't really pertain to this thread.

If I might contribute a shitty theory.

>If Nevada Moly does not fund its additional capital contribution in order for the LLC to return to POS-Minerals $36 million of its total capital contributions, POS-Minerals has an election to either make a secured loan to the LLC to fund the return of contributions, or receive an additional interest in the LLC of approximately 5%.

They would never agree to this unless 5% of the Mt. Hope Project was worth at least $36 million at the time the project becomes operational, which comes to $720 million for 100%, their current market cap is $98.76 million and they claim they will be ready in 24 months. They are the experts, on the other hand it could be misinformation and they have secretly agreed to pick the loan option instead.

I have not fully researched this, just throwing it out there.

>>377901
I thought the concern was whether or not they might choose to fund their next project with a share dilution.

Other than that, once they announce their plan for financing then we will get a confirmation of either a share dilution or traditional loan.

At the current prices, they're sitting on a literal gold mine since Molybdenum prices have been sitting at 15$ for a week now. Last time prices were this high was in 2011.

>>377901
http://www.infomine.com/investment/warehouse-levels/molybdenum/1-year/


Here's a fun chart. Ever since metals got #rekd last year, Moly supplies are suffocating.

350 tons -> 50 tons is insane. Most likely a contributing factor to the stark price increase.

>>377848
I disagree. I feel like they're both vehicles designed to jew the less savvy retail investor who for whatever reason doesn't have access to futures out of a few pennies each time they get in and out of it.

>>377913
Price movement on both UGAZ/DGAZ makes them great plays if you CAN time the buys/sells right.

But you're right. Without access to Bloomberg Terminal level data then its pointless.

>>377917
I don't understand. You have nothing to gain by not trading the underlying (/NG) afaik. what do you mean by
>if you CAN time the buys/sells right.
is there some kind of arb opportunity that you know of?

>>377903
>>377905
high molybdenum prices will help them negotiate for more funding and might excite investors in the short term

this could only be a swing trade for me, I'm not looking 2 years ahead in such an old bull market

Would it still be good to buy into moly?

>>377975
If you're looking for a buy point, check out the chart I posted and use your best judgement. Feel free to ask anything if you don't understand the chart or parts of it.
>>377811


>>377925
It's a great play simply because of the potential gains. Can is the conditional I used for my statement because if you can't time it right then you'll lose a lot.

You can increase your chances of timing it correctly if you have lots of experience with Nat Gas and you understand how it trades. I meantioned Thursday specifically because that's when the government releases consumption and reserves data. The rest of the week is spent speculating what those numbers will be. So obviously access to the government data would give you an incredible edge over everyone.

Pretty sure this article is all about GMO.
http://izismile.com/2013/03/18/a_canadian_ghost_town_that_is_stuck_in_13_pics.html

>>377989
lel, impossible though because Mt. Hope is in Nevada

Official close is at $1.09

Assessment gentlemen?

>>377989
No, but it's a beautiful place.

>>377903
>>377905
they wouldn't dilute after buying shares themselves, at least not until after the price has rised, by which time I'll be selling anyway because this is a short term value trade

also we are in an old bull market so I'm not looking 20 to 24 months ahead

>>378013
random walk

http://www.technews.org/basic-material-losers-general-moly-nysemktgmo-biofuel-energy-corp-nasdaqbiof-tgc-industries-nasdaqtge-ikonics-corporation-nasdaqiknx/297038/

> Shares of General Moly, Inc (NYSE:GMO) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 5,340,858 shares, an increase of 0.3% from the May 15th total of 5,327,381 shares, ARN reports. Approximately 7.9% of the shares of the stock are short sold.

How significant is this?

>>378020
>>378020
Pretty old news. I was hoping an updated short interest number since it should update every 14-16 days. Do you know when there will be an update?

http://www.nasdaq.com/symbol/gmo/short-interest

Also might be hard to swing trade thus guy since it's light on volume typically.

And that's the hope that they won't dilute to raise capital but it's always a possibility. What's your expected buy/sell and volume?

>>378028
GMO only added 334000 shares between 31 march 2013 and 31 march 2014, an increase of 0.3%, they don't seem like they would dilute. What is this based on? The need for financing? Right now if they suddenly diluted like a dump and dilute it wouldn't accomplish very much. I think they will just go to various creditors and say "molly prices are high again, gief monies plx".

>What's your expected buy/sell and volume?
hmm... well, I would guess it would be within the same ballpark as it is now until the next major event

>>377811
It isn't heading south and it should be exiting the squeeze pretty soon unless it stays as a forever squeeze stock like HYSR was for months.

Everything looks perfect, though. Low ADX with a positive direction and all that as well.

I'm pretty excited.

>>378046
Highly unlikely but I think there's a concern they might dilute as illustrated in that "Times are a-Changing" article.

But as the price of Moly increases, the hypothetical value of their mine increases dramatically.

>>378059
I think the CEO saw how effective those news pumps can be so they've cranked them out in an increasing fashion.

I do like owning GMO since it's pretty fun owning stuff with bros and almost every day is interesting. Had fun watching AMD as well today.

Here's some more info on GMO released today by MarketEdge. Some 2nd opinion information Scottrade gives you.

Also Reuters lists the "Insider Buying" as a 9/10 on the indication of bullish. Although they have it listed as a hold.

They have 12-Month Price Target listed as:
Mean: $1.28
High: $1.70
Low: $1.05

Both analysts list resistance at $1.08, which we just passed today. Good sign for tomorrow? Would like it if others weighed in.

Thank you based biz, bought 600 shares at .989 and sold today and took my family out to Golden Corral tonight. I got a steak cooked before me. Shit was so cash because we haven't been able to afford going out to eat in forever.

You guys know your shit, keep up the good work. Enjoying a couple of pic related to finish off a great fucking day (also bought with profits from this trade)

anyone going in on starbucks with the news of offer free college education?

>>378270
Oy Vey you sold? Grats on spending it on treating your family out. Good to hear. Planning on buying back in?

>>378272
What?

>>378278
http://www.forbes.com/sites/susanadams/2014/06/16/starbucks-announces-it-will-give-a-free-college-education-to-thousands-of-workers/

>>378294
sell sell sell

>>378294
>to get a bachelor’s degree through Arizona State University’s online program

I'm fucking dying here.

>>378294

Time to short Starbux. SJWs don't invest, and investors don't place SJW bullshit over profitability. Besides, online university courses are still disparaged and their diplomas and credits are trashbinned routinely.

All in all, a perfect SJW solution: The trappings of compassion and civic responsibility without all that icky compassion and civic responsibility.

I have an order for 2,000 shares of Wipe at $1.08. Is this a good idea? Or did I miss the train?

Please don't lie to me to try and pump up the prices I trust you guys.

>>378299

The degree makes no distinction between online and on campus. It's a real degree from ASU.

>>378294

My question is: Are there any star bucks employees without degrees already?

The official /biz stock should be ANAS.

don't laugh at the ticker symbol, it is going to run to 5 cents anyway.
if /biz got on it, could go to 50c after all 4chan are masters of manipulating anything to do with statistics.

>>378308
Checkout the chart I posted here: >>377811

If you have difficulties understanding it please ask. But basically the "buy" range is as close to .89$ as humanly possible while the perfect "sell" is $1.16 if you're trading the stock short term.

$1.03 is the middle.

Any more questions? Also don't buy if you're not willing to part with 30% of that $2,000. This is a high risk stock with a lot of implied downside.

Those of us that bought and are still holding are hoping for a perfect storm of Moly prices increasing and a nice short squeeze if General Moly can secure financing without diluting shares.

>>378317
Too risky, sub-penny can gain a lot and lose a lot very quickly. We wanted to get the most bang for our buck.

Also who the fuck would think "ANAS" is a good stock ticker??

>>378313
I thought Starbucks employees were required to have degrees ranging in most valuable: "Underwater Basket Weaving" to less valuable: "Liberal Arts" degrees.

ok I thought maybe you knew something about the stock like some weird rollover time or something. I still disagree with you. I feel like both of those track the underlying POORLY so even if you do have a grasp on how the nat gas market trades you still will get a lot of your gains jewed away by whoever set up the fund. you should just trade the futures contracts instead of an etf that attempts to track the performance of those very same contracts. you will pay less in fees and you will be able to catch the full move of natural gas instead of a mere fraction of it.

a fund like that

>>378328
Hey wipe! Thanks for helping me with the decision to buy ATX a few weeks ago. It's up already over 8% since then.

I have $145,000 of inheritance to invest. Should I into it and an hero if it goes negatively?

>>378671
I wouldn't put all of that money into something I know nothing about. First thing you should do is find out some high yield savings accounts that are at a reliable bank for accounts with like 100k+ or 50k+, whatever suits you. If you want to be involved in the market and want to see returns without doing a single thing, I found these guys recently and am thinking about starting an account here with 5k and seeing where it goes: https://www.wealthfront.com/

What you do with the rest of the money is up to you. If you are even considering an hero'ing you are probably unstable and therefore you need to put money in low-risk things lol. These are just my recommendations on some "secure" investments I would do myself. I'm an amateur and this is 4chan, so take everything with a grain of salt.

Bump for today

Fasten your seatbelts. We're ready to take off.

>>378668
Hey man, long time no see.

>>378671
This is less of an investment and more of a gamble. I can't recommend even allocating 1% of that amount.

Just realize that all of us have committed anywhere between 80$-1,500$ on GMO.

If you're looking for a solid place to put that inheritance, I suggest doing some research before you commit to any idea (Stocks, IRA, PM, etc)

A few of us ITT are more than happy to answer any of your questions.

>>378761
I've been ready for takeoff for quite some time.

>>378818
I'm here almost every day, but I'm posting without my name most of the time.

Fuck me for not buying/holding AMD in the last few months. I made over 5k € profit with it last year. It would be more by now.


Anyone here has a clue, when and why moly prices will get higher? I work in the machine engineering field and I think this commodity will be more important over the next few years because of its qualities.

>>378821
I've looked and it trades like molasses.. But I did find that reserves are down from their normal 350 tons to only a reserve of 50 tons...

Also Moly trades on the London Metals Exchange, but I don't have access to real time prices.

Just wondering if buying higher will actually help with GMO in the long run. How many thousands of shares would the buy need to be to make a large enough splash to matter?

>>378860
100k at least

>>378860
Average 10 day volume is 366.6K shares, so at least 1/3rd of that. But that would be a splash, not a wave.

Also does anyone have access to Level II trading?

VJET just exited a squeeze. Looks like a potential fun short term play like GMO.

>>378871
Oh wow I remember /econ/ buying on IPO day. I hope everyone sold that shit. Nice break on the 50dma but GMO is just a cheap stock we all can afford.

>>378873
Yeah I was there for that. It was an incredibly fun ride. I sold at ~65 dong ages ago.

Just going to see how this goes.

>>378876
I added it to my watch list.


Also some new OC for you guys. GMO buying all morning at $1.12

>>378871
stay away

>>378910
Why is Scottrade telling me GMO is at 1.12 and NASDAQ site reporting $1.11?

Also where the fuck is the update on short interest.

This is off Topic of the thread but... I just recently sold a stock for 50% gain and am now looking for where to reinvest. (Already own GMO! bought at 1.02 ) I know NEWL is a bullshit fucking stock. but it's sooo low right now, pretty much the same level as after all the shorting on the split ( 0.4 ). Could this be worth some risk? Maybe throw in a grand or something and hope for a quick gain tomorrow morning? Whatcha think?

>>378933
On NEWL? Seems fucked man. At least historically.

>>378948
I made my gains else where. and I've been following NEWL ever since an anon mentioned it. I know it's a shit stock. but based on those prices... I think tomorrow morning it could pop. Like last time it was at this price it popped to 4$.... I don't think it would do that again, but maybe a small one like 0.4 - 0.8?

>>378926
My TDA graphs show 1.12 while my Schwab shows 1.11

Everything's up in the air.

>>378961
Highly unlikely considering its history. You might wake up with a 50% loss like everyone else that bought in. Short interest is insane on NEWL.

In the end its your choice, but you'll be hard pressed to find someone giving a positive opinion about NEWL.

>>378964
I've got $1.14 now.

Also wtf happened to the update on short interest?

>>378964
Scratch that. Both says 1.14 now.

I think it's habbening.

>>378964
1.14 here ;)

>>378926
could be a number of different things. often times public websites will give you a 15 minute delayed feed. another possibility is that the last sale involved sub pennies, like they bought at 1.113 per share and instead of getting that specific about the last trade each website in the name of simplicity rounds either up or down for their public feed.

when in doubt I'd trust the feed provided by your broker. do you use a platform?

>>378990
I use Scottrade, and NASDAQ site is pretty on target with its price movement. But it was funny how 3 different brokers ITT were reporting different numbers.

Also can anyone answer me when the short interest is supposed to be published? Calendar said it was slated for the 15th

Welp back to 1.12

Will probably be the closing price.

Oh shit it exited the squeeze. I am prepared for rockets tomorrow.

>>379086
I'm 12 and what is this

>>379106
It's one of those graphs I have to make myself feel better about my choices just like any other graphs or indicator.

I have like 7 or 8 more of these and they are all going off at the same time so something is going to happen within the week.

>>379110
Range bound with {$1.12, $1.14}. Consolidation? At least we $1.13 now.

Anyone laughing at that wall formed on AMD?

>>379086
what's that software ?

I have 90 shares. Be honest, IF this takes off, would I get enough of a profit for it to matter? I don't see myself getting more than a thousand if that

>>379129
Thinkorswim with TDAmeritrade.

It is pretty great, though commissions are pretty high at $9.95/trade.

>>379124
>AMD

wow how is that possible?

>>378871

omg u make me cry

>>379131
Realistically you can expect to make anywhere between 2x to 3x. Anything over that is up to the market. I'm just basing this on pre-2013 pricing.

>>379133
I see. Any free alternatives ? I've used jstock but it's pretty limited.

>>379137
2x to 3x? What does that mean, like, meaning I wouldn't make shit?

>>379137
2x , 3x gain on what? GMO?

>>379140
You can still use Thinkorswim without having an actual brokerage account.

I mean, the data is like 15 minutes behind, but if you are doing long term stuff, all the tools available to me should be available to you.

Just google thinkorswim papermoney and have fun.

>>379136
Level II trading indicates mm built a wall. Pretty lulzy watching this slowly get picked away for hours on end.

>>379143
2x or 3x means that You'll probably make ~200 dibbly dopps in profit minus commissions because you only bought 100 wangs worth of stock.

>>379146
Thanks a lot buddy.

>>379143
>>379144
Assuming (and this is the million dollar assumption) that GMO returns to pre-2013 pricing (all metals got #rekd in 2013-2014) then the price per share will be around 3-4$. Assuming you bought $100 worth of GMO now, you could potentially make $400 if we hit that $4 price again.

I'm not saying it will, I'm just saying that it's the goal.

>>379158

Markets are going up, you're buying a stock that is going down.

You're "hoping" that the stock increases based on nothing really aside from the fact that it is cheap.

You're only finding supporting information for your trading "setup" a clear Confirmation Bias.

What happens when the market continues to lose steam to the upside? Do you really think this piece of shit is going to go up while the market consolidates or goes down? You're out of your fucking mind.

Also the length you are holding this trade is ridiculous what a fucking opportunity lose the capital could be better allocated elsewhere.

Instead of spending weeks spamming this GMO crap why don't you learn to trade?

>>379167
>spamming GMO threads

There's only one thread at any time. So not spamming.

Also it's just a fun stock where people are throwing in $80-$1000. You would know this if you read the threads before deciding to shitpost.

If you don't like GMO, don't buy it. Nobody here is trying to convince you to buy in. In fact, most of us actively dissuade people from buying in UNLESS they understand the heavy implied downside and are 100% okay with losing the money.

TL;DR read the thread you dumb fuck before you decide to shitpost.

>>379174

Yes I am the dumb fuck, while you guys are wasting precious time and money pissing around.

Why don't you just hit the casino, throw it all on black, lose it. And then do something productive with your time. Same thing essentially

>>379178

because GMO is a long term loss and i lose less on GMO when i put 500 bucks in than when i did in the casino

besides that i can learn trading by just lurking this thread because everytime a term i don't know appears i look it up at investopedia

>>379178
Apparently you have reading incomprehension issues. If you would READ the thread, we often compare this buy to a complete gamble.

Also, posted here :>>373956
Where one of the threads an anon screencaped, if you bought then you would be up 10-13% right now. Boom, cashed out and GG.

So fuck off with your "hypothetical" better buys. If everyone sold right now they would have made money.

>>378871

:'(

>>379260

what to do best as next step?

abort and short?

>>379260
You're not that far in the hole. You will at least break even on the coming rally if it follows the general positive squeeze exit behavior.

>>379567
>if it follows the general positive squeeze exit behavior.

you have

no idea wtf you're talking about do you?

>>379658
Nope. I'm just relying on cheap graph/indicator tricks that have made me money in the past and have continued to make me money.

I really have no idea what I am talking about, but I'm going to go for it anyway like I usually do.

i dont know about this shit, faggots

opps, wrong picture

>>379858
Posted a graph showing a breakout forming right before it did. I think gmo is now in a bullish uptrend.

>>373673
Chart related. Bull flag

Oy Vey!

Thanks /biz/! I'm rich now

>>379949
1.17 oh my

>>379965
Broke resistance, needs to stay above $1.16 right now... >>377811 Chart related. A close above here and a continued rise, we will see 1.29$ as the next barrier to beat.

>>379964
lel you've only made money if you took profits.

>>379949
Hey that almost looks like my portfolio.

>>379967
Hey Wipe, Its me anon talking about NEWL from yesterda, I bought in for 2$k like a cheap ass and today its up 45%!! Just a quick Question though. Why the fuck isn't it moving?

>>379980
Its been at 0.4955 for 30 minutes now. Hasn't even fluctuated...

>>>373892
what a thrill ride.
>>379980
your stock was halted at 9:40. NEWL isn't a good stock to own for newbies (or anyone) btw.

>>379980
"T12 Halt -Additional Information Requested by NASDAQ Trading is halted pending receipt of additional information requested by NASDAQ."

btw, a quick Google search yields that no T12 halt has been lifted since August...

>>379985
For some reason I saw that photo of Milhouse when you said that. Nice gain on live btw.

>>379987
>btw, a quick Google search yields that no T12 halt has been lifted since August...

oh man that sucks!

GMO get for MOON

QUADS FTW

>>379993
For sure. Also use your vodoo to pull up a chart on GMO and tell me what's going on with this price action please.

Also still no update on short interest... wtf NASDAQ

>>380000
ftw

>>379985
I know. I had been watching it for a long time. And when I saw it hit 0.35 I thought it was a perfect time to buy. and I was kind of right. even before the press release it went up like 10%

Anyone want to give me an outside opinion on what will happen to the share price after the halt in either scenario after the halt of NEWL? I honestly cant see past all the pumpers and bashers. I have no idea... People are all hurrrdurrr 1000% gains. And other people are all hurrrrdurrrrr SP ~0.00001

>>380051
Nobody knows. It really depends on whether or not trading will resume..

>>380057
Care to explain? First time I've ever owned a stock that got halted. Apparently it can take months. But would it really just never resume/ be delisted?

>>380069
Its happened before. Depends on if they did something illegal. NASDAQ has some requirements to be traded and if they violate them then they can delist the company.

I don't know if you would be able to file a class action lawsuit against them, should this be the case.

>>380075
I'm honestly not tooo worried, because eI invested like ~1000$ which was the profit I made on a trade just the day before. So it's not like i'll be taking a huge hit if something bad happens, I just want the confusion to go away lol

>>380069
want to take a guess on which days this stock got halted and then resumed trading?

I don't really know anything about NEWL. just looking at their share price for the last few years I have to wonder how anything not illegal could possibly be going on there. there is a possibility your money is completely dong razzled on this one.

>>380079
>dat 50% drop

If you bought in January you would have made hella cash though.

>>380079
I know right... For fuck sake. I literally wanted to buy close sell open for a quick 300$. Now im out a grand? Also yeah their shit seems really fucking illegal, constant SP splits and ridiculous SP points like 300,000$ a share. Only reason I got in was because I knew there would be a 40% jump. didn't know it would get halted. Also the stock got halted today at open. It says 9:39 but it didn't move between 9:30 and 9:39 which is extremely unlikely. So general consensus from non-pumpers/bashers is im kinda fucked?

>>380091
General consensus is leading towards fucked. Remember, everything in life is a gray zone. Anybody who tries to give you a definitive answer about stocks is a liar.

Right now, from previous experience and history of the stock, you're leaning closer to fucked than okay. But you never know.

>>380097
Alright. Well at the very least I can now be semi-ready for when it re opens. I'll have my finger on sell at market. Also check out the Yahoo Message Board on NEWL its fucking hilarious. Its a shit show.

>What if GMO is actually paying people to help shill their stock on /biz/?

>What if Wipe is actually the chairman of GMO and is just using us to pump his share prices?

haha i'm kidding. but I have around $1800 to play with and i'm thinking of putting it into GMO. It doesn't look like they pay dividends though. Is this something that typically affects your decision when buying a stock?

>>380125
No, doesn't pay shit. It's basically a buy low sell high scenario. Although buying right now is extremely risky since resistance is at $1.16 and if we fail to close above this mark then we can re-test floor at $1.03 which is quite a fall from here.

>What if GMO is actually paying people to help shill their stock on /biz/?

I wish. Then these anons would be getting $$$ for their top notch OC ads.
>>373663
>>373664
>>373933
>>378904

So lulzy.

>Is this something that typically affects your decision when buying a stock.

Not when trading, but rather investing. This is a glorified "hail mary" of a trade. Might hold long depending on price increase. So anons have already sold. Haven't heard from others in awhile so IDK.

>>380125
>$1800
>dividends

Don't you need a lot of capital for good dividend investing? Like 50k or something?

mfw PLUG

>>380154
MFW stopped trading PLUG this week because.
Also how many shares you pick up and at what SP?
>Also Congrats!

>>380165
1000 at 4.77. :/ saw it on my phone and had to race home from the store to get in on the action.

4.85 was my bottom, just sold it all. thanks for dinner with my girl tonight PLUG.

>>380132
Do you think it's worth investing now or should I wait for a drop to around 1.02 or something? Maybe I'm just being a Jew, who knows.

Also, are all stock values in dollars? I'm from the UK and was looking at putting some money into GSK, honestly such a noob at this though so doing my bit to learn.

>Ps thank you investopedia for not working on my iphone ;_;

Seriously guys, invest in Kraig Biolabs(KBLB)
They just released their first product with Warwick Textile company, a pair of super strong gloves. That shit is going to skyrocket, I've got about 4500 shares in em.

>>380191
I think you should exerciser your best judgment, so I'm not to blame.

But personally? I would wait. There's a large chance you'll get a better buy in price.

Most of us bought in the .98$-$1.08 price range. Looking at the weekly chart, seems we are finally starting to see signs of an uptrend.

>>380178
You raced home for like 60-70$? Congrats none the less. Money is money

>>380206
it was doing what i wanted so i went home.
it stopped doing what i wanted so i sold.
no ragrats

>>380203
Thanks! Seriously though, I wouldn't blame you.

Hmm well I'm hoping it drops a little to allow me a nice buy in, but honestly I kinda just want it going all the way to that glorius $4 moon

I too am joining you fine gentlement on this GMO space mission. Only put in $300 to get it off the ground, will contribute more if additional thrust becomes necessary.

Come on GMO close above or at this price. Don't be a dick.

>>380257
Buy in price? Also welcome aboard.

>>380277
It's at 1.18 so I have hope.

>>380277
I just bought in today at 1.12

I'll buy the dip if it ever goes below 1.08 or so.

How high do you guys think this can get?

>>380296
>>380307
What official close are you guys getting? I've got $1.17

>>380315
Optimistic goal? Pre-2013 prices. Also long time no see gamma.

>>380321

>What official close are you guys getting? I've got $1.17

Same.

>Optimistic goal? Pre-2013 prices. Also long time no see gamma.

Try to sell some SEP 3 puts. Even hitting the bid, 1.25 risk, 1.75 reward. Breakeven is 1.25. I dunno how solid those quotes will be but it's worth a shot.

>Also long time no see gamma.

Board's kinda slow.

>>380315
Wait gamma's here too? Man this really is new /econ/.

>>380333
Nice trips. Also puts? Think we are headed back under?

>>380363
Nameless friend, what does your TA reveal about GMO today?

>>378088
1: if they will dilute they will wait till the price is higher
2: those insider trades, why dilute after you yourself have bought tons of stock
3: read the article, he says the price drop was due to fears of dilution, I think the drop in molybdenum prices and also the length of the project and its previous delays are far greater factors

there is a chance they will dilute a little just to raise a bit of extra capital alongside other methods, there is a tiny chance they will dilute the stock heavily out of desperation due to some crisis, even so, if they find an investment bank willing to pay a reasonable price it won't affect the price much, just growth, if 20% returns per month of waiting drops to 10% it is not really a big deal, this trade would still beat the market average

why is the VIX so stupid low right now? is anybody buying volatility down here?

As a European newb to the stock market, what is the best stock broker site?
My bank charges ridiculous monthly fees for stock trading.

I just want to throw 100 bucks on GMO

>>380436
The market has been incredibly flat this month, it has not been this flat in a decade.

>>380441
What bank and how high are the monthly fees? Here's an example from my old "broker" (raiffeisen bank) which charged more than 1 % plus different transaction costs.

Kurswert: 7.528,00 EUR
Fremdspesen: -15,06 EUR
Gebühren: -82,81 EUR
Zahlungsverkehr-Transaktionsgebühr: -15,09 EUR

More than 112€ fees just for buying. Selling was even more than that (because i was up ~70%). Total buying and selling fees were a bit over 300€. Fuck that. Really.

I use Brokerjet now and it's like 10 times better. If you make at least one trade per quarterly period you don't have to pay depot fees (80€ in a year). Here's the full list: https://www.brokerjet.at/Downloads/bb1f6700-173d-4888-98a9-05ee07e9c1c3.pdf

Anyone know a good app for tracking stocks?

>>380934

thanks m8, my current bank is raiffeisen and i already thought about using it - good that i didn't

going to look into brokerjet

>>380388
Yeah, there's a very slim chance and I understand your reasoning why it's so slim.

But I was just going based on what fears the guy who wrote that article had. Apparently securing financial backing is the only reason why he hasn't bought in yet.

>>380967
Whats your OS on your phone?

>>379567

HOLY FUCK you were right

woah
1.20 now

>>381065
>>381047

FFFFFFFFFUUUUUUUUUU

HAPPENING

Am I at the moon yet?

>>381075
Scottrade is telling me we are at $1.22 right now, and we broke the bollinger upper band.


Never mind we $1.24

1.25

>>381079
$1.27

>>381078
>>381079
>>381080

IT'S HABBEDING!!

WEADY FO TAKE OFF

Who else is watching this, and laughing at this anon here >>379167

Picture related

>>381082
We broke all 3 resistance bands today... Is this growth sustainable?

>>381085

i have no fucking clue, but i think it will drop in the next days to around 1.03 - 1.07 and then finally take off

how is short interest on GMO? i think it'll rise

>>381089
Fuckers at NASDAQ have yet to update short interest but I think they're required to close positions very soon. Would be funny to see a short squeeze happen.

Pretty much everyone that opened a short in the past month is now underwater. And that $1.27 movement was done on a 32K share buy order. We've already passed the 3 month average volume in only 2 hours... shits getting crazy.

GMO based as fuck

>>381108
Where are all of our GMO posters?

>>374575
>i think he meant straggle
Actually, he probably meant a Fraggle.

>>381202

Just checked the stock right now, so glad to be on board. The dream is real!

Also my gold stocks are rising like crazy, my portfolio is almost back to what it was this past March when the markets started getting choppy.

>>381230
It was $1.27 this morning.

Also Twitter is talking about us right now making the pick. Which one of you guys is this??

>>381241
Hypothetically, what if someone got bored of waiting for GMO to move and used an encrypted router to go all over the internet pumping this stock?

What if they didn't even invest in GMO and were just doing it as a kind of experiment/learning experience.

That would be pretty crazy huh.

its a bull market. everybody is making money unless you're not!

>>381202
I think its time to add more money stacks to our official GMO Pic. BTW I was the other anon who originally picked this stock with you XD

>>381241

so... are we going to hit $1.30 today?

tfw 27 usd in fees for trading US stocks
tfw not worth it hopping on the train to get rich land

>>381355
It's also traded on german exchanges.

>>381308
Official close was at $1.23. Not bad at all. No news on why we got such a large boost though.

>>381202
Was up too late last night so I missed the happening, but waking up to see the closing price right as the market closed was pretty fun.

Just like that one time with PCYC or HYSR.

>>381448
Good times are had with the OG /econ/ cr3w

>>381047
I was only sort of right. It isn't taking off as strong as I thought it would, though.

I did buy at ~13.50 so I am already up 18%, but I am not sure it will reach the break even price for that one anon.

>>381566

what do you expect? a drop? a slower raise?

i think i'm just going to dump it when i got 2k out of it

>>381661
I'm expecting it to rise and peak soon, probably before hitting 18. I'm only basing this on the RSI not hitting the upper bound, though.

It could just suddenly drop tomorrow or monday, though, so just have some stops ready at reasonable gain.

http://www.businesswire.com/news/home/20140620005087/en/General-Moly-Announces-Results-Annual-Meeting#.U6QxjG2wX4w

>Stockholders supported the election of Patrick M. James, Gary A. Loving, and Gregory P. Raih to the Board of Directors, who will serve for a term of three years, and ratified PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm. Stockholders, through an advisory vote, also approved of the Company's executive compensation structure.


News on GMO. Nothing substantial but its nice to see something actually happening with the company.

>buy 500 shares fpr shits & giggs at 1.08
>now trading at 1.24

I'm rich byatch!

Duude, I love selling puts.

Why didn't anyone tell me selling options was so profitable?

>>382400
What puts did you sell?

>>382400
oh so you haven't experienced a losing trade yet

well, you'll learn

>>381668

so is setting a limit at $17.80 and shorting afterwards a good idea?

i recently shorted PRAN which goes without saying that i already made gains

/biz/, I come to you at a complete loss. Look at this P/E ratio. Why is this allowed? Why is it performing better than the 20, 50, and 200 sma? How could they guess the forward P/E would be a tenth of its current?

THE NUMBERS JUST DON'T ADD UP, IS THIS COMPANY CRAZY OVER VALUED OR AM I JUST NOT GETTING SOMETHING HERE?

>>382469
>Starbucks corporation

Why are you here anon?

>>382475
hey man, I'm not trying to go IN to starbucks. I just want to understand how a stock can survive like this. Maybe get a better understanding of the market if I can figure out just what lets millions (billions?) of dollars look past these numbers.

Is it brand recognition? Is it people that know nothing of stocks and just invest in what they like? Do they hear about Starbucks being a rapidly growing corporation and dump their retirement into it? I have no idea!

>>382469
well first off its in the restaurant industry which is already hot and they are key players in the breakfast space which has been getting a lot of attention lately (see taco bell trying to get in on the action). Second off they're expanding, opening a lot of new stores, and generally promoting their brand a lot, which costs money and inflates the P/E ratio unfairly. SBUX is a great company.

>>382478
I think he means why are you discussing other stocks in the private GMO pump and dump section.

>>382481
okay, fair enough. So you're saying they're in a good position and just spent a shit ton really setting up that position so their profits are looking low but they'll spring back to better than ever as soon as everything is set?

>>382482
Nah still hold all initial shares bought haha. Love the chart though.

>>382478
Look at the EPS on TSLA and then come back. Some companies prices are inflated simply because of their backing.

Starbucks is currently getting #rekd by the large price increase on coffee beans.

>>382482
Hahaha, oh shit. My bad, guys. I thought I was somewhere completely different.

>>382489
Nah its fine man, go ahead and stay. GMO threads tend to move slow and its friday. So why not.

>>382485
>but they'll spring back to better than ever as soon as everything is set?

well you certainly could speculate on that outcome by buying the stock. I like the brand SBUX and I feel like we're in a bull market. I'll go on record for that much.

>>382493
Aren't you worried about the rising price of coffee beans affecting their operation costs?

>>382494
coffee pricers aren't even near the highs of 2011 and from 2010 to 2014 SBUX has pretty much been an escalator up. I've heard the CEO state more than once that they don't have much of a problem hedging their costs and I don't think he's lying.

>>382497
Agreed, just seeing if the rising coffee prices should be of concern.

What do you make of that spike in gold?

>>382506
a quick glance at the chart and I'd say it has some support up here. Precious metals isn't really a market I "get" though.

>>382517
forgot chart

>>382517
Ah, I moved the majority of my positions into miners/metals this year. Commodities just feel like the play this year.

Can someone please explain Margin Accounts for me?

I understand margin accounts are just loaned money from your broker. But how do they collect their money back? I dont understand how this works.

I have $5k in my broker account. My broker gives me an additional $10k to use on stocks.

So all in total, I have $15k to use on stocks. Now, let's say I play a very short position, and gain $100. Where does this $100 go to? Into my $5k account, or evenly divided back into both mine & my broker's account? I mean surely I wouldn't have been able to make the $100 with just my $5k, I had to use all $15k to make the $100 profit.

I just don't understand margin accounts on how broker's 'get their money back' or what sort of benefits they get from giving out margin accounts. The only way I see margin accounts being beneficial to the broker is if you lose money in a trade, and you have to pay the margin balance back from your main account.

Am I even making any sense?

>>382532
You just pay interest on whatever amount you use to play, but that 100$ would go into your account.

The only thing you have to worry about with a margin account, is a margin call. Basically if you took a 15K position in any stock and it fell in value by 2.5K they will close the position automatically for you.

That way you lose 2.5K and none of their money is every lost.

>>382533
Thanks.
>You just pay interest on whatever amount you use to play
So if I borrowed $10k, and made $100 profit, I could still be down/owe more money?

Where can I see the interest rates, or how much I would need to 'owe back on interest'? At the end of the year come tax time?

>>382540
Call your broker and ask. They usually charge you interest on the length you hold the position.

Oh no

>>382570
Huge buy orders coming in at $1.13... Holy shit...

u got support at 1.13

>>382585
Yeah I saw those buy orders.

>>382585
Lol at that Ask volume @ $1.17

>>382589
Is this just average friday behavior or should it be something we should worry about?

>>382409
OREX $6 GMO $1 puts for July.

>>382436
risk can be managed, its not too difficult to buy puts.

>>382621
Passed three weeks have been sell off Friday, then Moon Monday. Guess we should coin that term.

>>382621
Also the close today is the high of last week. So not too shabby. Also the buy volume at the EOD was crazy.

Bid-Ask spread is .18$ right now. Which is quite a bit.

>>373663
Newbie here
I have 100$ that i may be able to invest
How far will this go up, can i make big bucks, and how do i get stock in this(never done this before)
Also i advised my parents to take their stock out of yahoo and put it in Raytheon(RTN) because of whats going on in Iraq

>>382640
Hahaha, I like it. I guess everyone is attempting 1 week plans.

>>382643
Take your $100 and go to a big box discount retailer and buy vendor snacks, resell the snacks until you have $3,000.

>>382643
>Newbie here
>Advised my parents to invest

U wat? Also the minimum requirement to open a trade account is 500$. Also we aren't interested in $ gain but rather % gain.

Maybe until you have enough you should lurk these threads and the stock generals to get a better idea about trading and investing.

>>382644
Now the boring weekend... Fuggin hate weekends.

>>382643
with a little stake like that just bet on sports man.

even if this stock doubled you would be up what $100?? subtract $15 for transactions fees.

who really cares about $85 m8

>>382454
I set mine at 16.50 and that went off this morning. I may buy back in on monday if I feel like taking the risk because friday.

>>382436
>>382635
you're both right, options are a useful tool but you will lose eventually, it is important to maintain your standards and continue to diligently research everything, don't catch the victory disease

>>382648
yeah i guess your right 85$ isn't much
>>382646
People already do that on a large scale in the city i live in so i wouldn't be making that much and i would probably be beat up by rivals

>>382647
Well raytheon (RTN) will be selling weapons to the Iraqi military and other groups. they are already projected to get 90 mil from contracts. and i have been watching my parents yahoo and microsoft stock for years (they brought in when they were <25)
>get a better idea about trading and investing.

I just need some refining

>>382659
It doesn't help to immerse yourself for awhile. Also yahoo has a major holding in Alibaba, which is a good thing. Why not shift from Microsoft and instead get into panasonic.

>>382662
I'll relay it to them about Microsoft>Panasonic although i am still looking at RTN.
>Parents brought in at the golden age
>Got distracted
>Looking through portfolio
>joined in at 10$
>along the line hit 90$ somewhere after 9/11
>Now its barely staying above 40

Thanks for the advice wipe

>>382667
Yeah, Panasonic holds patents, along with Tesla, for EVs. Apparently the shares have been taking off in price.

>>382640

so i should not worry about being completely red besides short PRAN?