8 hours ago, mr_irie1 said:

Hopefully you got out of RIG on time or are you stuck holding like me? I'm in a similar position but with about half the shares you have.

Bought more, now have 10k shares with an average price of $1.02

Still holding long term.

Well over the past couple of months I've started my first stack.

I'm happy where I'm at for now, 100oz of Silver and 1.5 Oz of Gold.  

1 1 Oz Gold Eagle

1 .5 Oz Gold Eagle

45 American Silver Eagles

50 Canadian Silver Maple Leaves

5 British Silver Britannias

 

I'm very suprised we dont have a stimulus deal.  I would have been sure we'd see another 2 trillion spent back in July.  What do you all think of all that?

 

What the F is up with my Robinhood app? It never seems to do what I want it to do.

Yesterday I tried to put a 5% trailing stop loss on SBE since it smore than doubled since I bought it. Market opens, it instantly sells my stock even though it was up. Fing A. I got it back for the same price it sold for but now it shows my average price at 32.00, what I bought it back for, instead of 13 what I initially bought it for.

Today, I bought a 15 dollar call on AAL. Price was about 13.38 or so when I placed the order. Market opened, it traded up to 13.80s. My order never executed, and expired at the end of the day. 

I coulda been in the money with more growth likely to come before its expiration date. But.. now Im missing out. And this has happened to me a lot with options. I dont know what the hell is up. Maybe Im doing something wrong. 

 

51 minutes ago, HazletonEagle said:

What the F is up with my Robinhood app? It never seems to do what I want it to do.

Yesterday I tried to put a 5% trailing stop loss on SBE since it smore than doubled since I bought it. Market opens, it instantly sells my stock even though it was up. Fing A. I got it back for the same price it sold for but now it shows my average price at 32.00, what I bought it back for, instead of 13 what I initially bought it for.

Today, I bought a 15 dollar call on AAL. Price was about 13.38 or so when I placed the order. Market opened, it traded up to 13.80s. My order never executed, and expired at the end of the day. 

I coulda been in the money with more growth likely to come before its expiration date. But.. now Im missing out. And this has happened to me a lot with options. I dont know what the hell is up. Maybe Im doing something wrong. 

 

You should use a real brokerage account for anything more than simple buy/sell orders. Robinhood is good for playing around when you're cutting turds on the toilet, but for the more complex stuff, better to use a browser and go with td ameritrade, fidelity, vanguard, schwaub, etc

22 minutes ago, we_gotta_believe said:

You should use a real brokerage account for anything more than simple buy/sell orders. Robinhood is good for playing around when you're cutting turds on the toilet, but for the more complex stuff, better to use a browser and go with td ameritrade, fidelity, vanguard, schwaub, etc

are there more immediate with pushing your orders through?

I had etrade years ago when it cost 10 dollars for every transaction.

I stopped playing around with it for a few years and I downloaded robinhood when I learned there were no transaction fees. Apparently now, thats how every online brokerage is. I didnt realize. 

But Im not expert and dont really need all the tools too complex for me to undersand how to read. So I kept robinhood for the simplicity. 

But, its been annoying. Its worked in my favor twice now where an option didnt go through and I had a call when the stock went down. So I was able to cancel it before I lost.

But too many times Ive missed out on some money because for some reason they usually take forever. It could be that Im doing something wrong when I place the order. 

5 minutes ago, HazletonEagle said:

are there more immediate with pushing your orders through?

I had etrade years ago when it cost 10 dollars for every transaction.

I stopped playing around with it for a few years and I downloaded robinhood when I learned there were no transaction fees. Apparently now, thats how every online brokerage is. I didnt realize. 

But Im not expert and dont really need all the tools too complex for me to undersand how to read. So I kept robinhood for the simplicity. 

But, its been annoying. Its worked in my favor twice now where an option didnt go through and I had a call when the stock went down. So I was able to cancel it before I lost.

But too many times Ive missed out on some money because for some reason they usually take forever. It could be that Im doing something wrong when I place the order. 

Robinhood often hasn't been able to clear my trades on days with high volumes (e.g. Basically ever day in March this year.) Good for having some fun, with a snappy well-designed app, but not much else. 

47 minutes ago, Toty said:

margin. always buy on margin.

And always all in on the hot stock tip you got 

21 minutes ago, Aspiritfall said:

And always all in on the hot stock tip you got 

Blue Horseshoe loves Anacott Steel

11 minutes ago, Dave Moss said:

Blue Horseshoe loves Anacott Steel

I gotta call my guys about it 

5 minutes ago, Toty said:

invest in computers 

they're the future

I'm putting all my money into sex robots 

Ive just placed my limit order for the Air B&B IPO tomorrow. Kind of excited for this. 

Next investment likely going to be BFT.

Tesla is going to be added to the S & P 500 on 12/21.  Does that matter?  At all?  Will they see any kind of short term bump for that news?

20 hours ago, The_Omega said:

Tesla is going to be added to the S & P 500 on 12/21.  Does that matter?  At all?  Will they see any kind of short term bump for that news?

They did when that was announced a week or 2 ago. 

On 12/10/2020 at 10:27 AM, The_Omega said:

Tesla is going to be added to the S & P 500 on 12/21.  Does that matter?  At all?  Will they see any kind of short term bump for that news?

It's fueled by dumb money. You can't short it, but the valuation is insane. Going into the S&P will only fuel the insanity because of the passive flows into the index.

As an aside, buying the index used to be a really good way for normal people to invest. That along with a 60:40 portfolio was a great basic strategy for the past 40 years. Now both are extremely risky IMO.

Just now, TEW said:

It's fueled by dumb money. You can't short it, but the valuation is insane. Going into the S&P will only fuel the insanity because of the passive flows into the index.

As an aside, buying the index used to be a really good way for normal people to invest. That along with a 60:40 portfolio was a great basic strategy for the past 40 years. Now both are extremely risky IMO.

Investing in the s&p index is extremely risky?

1 minute ago, we_gotta_believe said:

Investing in the s&p index is extremely risky?

I think there are a lot of turds in the underlying equities, the gains of the S&P are driven by a few tech companies, valuations are crazy, and when you combine that with 40% of your portfolio in bonds at the lowest interest rates in history which are supposed to act as a counterweight to capital losses in a down market... yeah -- I think there is a ton of risk that's getting ignored because for decades this strategy has been bulletproof.

Just now, TEW said:

I think there are a lot of turds in the underlying equities, the gains of the S&P are driven by a few tech companies, valuations are crazy, and when you combine that with 40% of your portfolio in bonds at the lowest interest rates in history which are supposed to act as a counterweight to capital losses in a down market... yeah -- I think there is a ton of risk that's getting ignored because for decades this strategy has been bulletproof.

I suppose it's all relative in the short term but if someone is in their 20's and their investment outlook is 30+ years, there are few options more advisable than investing a majority of their portfolio in an index fund like the s&p. 

Time in the market beats trying to time the market. You'll never convince me otherwise.

Its demonstrative of the systemic risk i guess

1 minute ago, we_gotta_believe said:

I suppose it's all relative in the short term but if someone is in their 20's and their investment outlook is 30+ years, there are few options more advisable than investing a majority of their portfolio in an index fund like the s&p. 

Time in the market beats trying to time the market. You'll never convince me otherwise.

I wouldn't suggest timing anything. Just that the risk proposition has changed significantly compared to prior years. 60:40 SPY:bonds is not what it used to be.

1 minute ago, TEW said:

I wouldn't suggest timing anything. Just that the risk proposition has changed significantly compared to prior years. 60:40 SPY:bonds is not what it used to be.

Oh right. Dump it all in treasuries instead. Okay.

12 minutes ago, ToastJenkins said:

Its demonstrative of the systemic risk i guess

I think it's more micro as far as the S&P. You have cash rich tech giants and then you have "blue chips" everyone in America has heard of with real problems.

When you combine that with the 60:40 portfolio, I think there is the potential for serious issues. Imagine a scenario where companies like GE get blasted dragging down the index, then you're looking for the capital gains in bonds to offset it... but they don't, and you actually lose money there too.

If you're 20, you can recover. If you're 60, maybe you can't. And if you're 40, maybe you have to work an extra 5-10 years.

But who knows, maybe the Fed has made risk a thing of the past and they will always make everyone whole. Who knows at this point?

5 minutes ago, we_gotta_believe said:

Oh right. Dump it all in treasuries instead. Okay.

Literally the opposite of what I'm saying.

MP looks like the long term play to capitalize on the rare earth demand used for the EV boom.

And Coinbase is going public. 

Elon Musk erased all of your anti-tesla posts.

10 hours ago, HazletonEagle said:

Elon Musk erased all of your anti-tesla posts.

That's how fragile tesla is

Question for the knowledgeable, I've been considering buying some shares of a company that makes electric buses and vans, going into production later this year.  They recently underwent a merger, and the merger company is offering common stock, as well as "Warrant" shares, and "Unit" shares, under 3 different symbols.  I sort of get the warrant share deal, it's more of a futures thing, semi-similar to options, but am clueless as to what the "Unit" offering is about.  Anyone have any ideas?  For reference, the symbols are CIIC, CIICW, and CIICU.  Thanks in advance!