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Making Money 2017 Stock Market thread
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booshala Offline
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Post: #251
RE: 2017 Stock Market thread
^^ lost my shirt on three separate occasions buying options (mostly calls). Unless you have some insider information, or are very good at TA, you're mostly gambling. Nowadays, I mostly stick to the other side of the trade and sell covered calls on positions I already have or sell puts on stocks that I'd like to buy anyway with the added bonus of getting paid up front. Always used to have that sinking feeling seeing time decay wither away my position, now it's the greatest feeling in the world.

As for microcap: RumbleOn (RMBL) popped up on my radar recently, looks really interesting. Asset-light version of Carmax trying to take over the used motorcycle industry. Top-tier team of executives, tiny market cap, lots of room for disruption. Below are some great links I found detailing it way better than I ever could.

http://kiddynamitesworld.com/rumbleon-di...ry-market/

http://www.cornerofberkshireandfairfax.c...-rumbleon/
(This post was last modified: 06-20-2018 02:11 PM by booshala.)
06-20-2018 02:10 PM
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BB1 Offline
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Post: #252
RE: 2017 Stock Market thread
(05-22-2018 06:25 AM)BB1 Wrote:  "The Ontario government has inked a deal to use Shopify Inc.'s e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana." :

http://www.cbc.ca/news/canada/ottawa/ont...-1.4531228

New "highs" for Shopify (SHOP) :

"British Columbians will be able to buy cannabis online and at least at one B.C. Cannabis Store on the Oct. 17 rollout of legalization, the B.C. Liquor Distribution Branch said Friday, while would-be private retailers are still waiting for the province to unveil its licensing regime.

B.C. LDB, the province’s exclusive wholesale distributor for legal, recreational cannabis, announced that it has picked Canadian online-shopping expert Shopify Inc. to build its ecommerce portal, which was a priority for the branch."

http://vancouversun.com/cannabis/cannabi...abis-sales
06-24-2018 09:38 AM
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BB1 Offline
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Post: #253
RE: 2017 Stock Market thread
I have spend some time looking into marijuana 'pure plays'and today I brought Nameste (N) - listed in Canada.

https://www.namastetechnologies.com/

I am also looking closely at Tilray's upcoming IPO :

http://business.financialpost.com/cannab...k-exchange

Note - Weed stocks are highly speculative - you must do your own research in this space. I have discovered there are a shitload of scammers and fraudsters involved in weed stocks.
06-27-2018 01:45 PM
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white22 Offline
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Post: #254
RE: 2017 Stock Market thread
Starbucks CFO announced he is retiring in November. This after the stock was already taking a hit. I'm not a fan a Strabucks politically and don't drink coffee, but see it as a money making opportunity. I feel anything under $50 is a steal. Seeking alpha says $40 is the perfect entry point. I don't know if it will go that low, but who knows. Currently down to $48 from $57 a week ago.
06-28-2018 10:26 AM
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DJ-Matt Offline
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Post: #255
RE: 2017 Stock Market thread
(06-08-2018 03:01 PM)BB1 Wrote:  
(03-19-2018 03:46 PM)BB1 Wrote:  iQiyi will start trading on 29 March with ticker IQ.

More info : https://www.reuters.com/article/us-baidu...SKCN1GU05K

Following up on iQiyi - after going public 9 weeks ago at $18, the stock closed its first day of trading at $15.50.

Today iQiyi closed at $32.82 - up 110% from its low.

Kicking myself for not buying IQ, it's up to $30 last I checked.


Also I might have an easier way out on my RAD Rite-Aid stock, looks like Albertsons is going to buy them. Current deal is 1 share of Albertson's stock and $1.83 for every 10 shares of RAD, or 1.079 shares of Albertson's for 10 RAD. Seems like a shit deal though, and most of the big RAD investors are going to turn it down.

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06-28-2018 11:57 AM
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BB1 Offline
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Post: #256
RE: 2017 Stock Market thread
Just brought Starbucks (SBUX) at $48.22
06-28-2018 01:51 PM
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Denzel Offline
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Post: #257
RE: 2017 Stock Market thread
WJA, West Jet bounced from a strong support today. This is a good chance to make money in the short term. Expect around 5 percent from the current levels in less than a month. The analysis will be invalid if WJA goes below 16.82 though (stop loss level). To me, the profit potential is higher than making a loss.

It has a P/E ratio below 8. Its low cost "brother" Swoop started flying last week, which is great news; however, WJA is not expected to have a great balance sheet until 2019.
(This post was last modified: 06-29-2018 07:44 PM by Denzel.)
06-29-2018 07:21 PM
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jbkunt2 Offline
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Post: #258
RE: 2017 Stock Market thread
I’ve been buying a bit this past week. Trade tensions have knocked a few percent off some good stocks so it seems a decent time to buy.

BABA, FB, GOOG, SBUX and BA I’ve bought more of.
07-05-2018 08:27 PM
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booshala Offline
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Post: #259
RE: 2017 Stock Market thread
(06-20-2018 02:10 PM)booshala Wrote:  As for microcap: RumbleOn (RMBL) popped up on my radar recently, looks really interesting. Asset-light version of Carmax trying to take over the used motorcycle industry. Top-tier team of executives, tiny market cap, lots of room for disruption. Below are some great links I found detailing it way better than I ever could.

http://kiddynamitesworld.com/rumbleon-di...ry-market/

http://www.cornerofberkshireandfairfax.c...-rumbleon/

RMBL up 33% in the three weeks I posted here. Obviously, a lot of it was lucky timing, but I strongly believe that this is a solid risk/reward play. Gonna start scaling out tranches at specific milestones but very happy so far.

Recently, I've been purging a lot of old shit in the pursuit of minimalism (i.e. jewelry, watches, furniture, car) and I think it's great that there are so many avenues to sell on the secondary market and P2P. Don't have a motorcycle so can't say with any specificity how RMBL works, but their reviews on BBB are really good.
(This post was last modified: 07-12-2018 12:03 PM by booshala.)
07-12-2018 12:02 PM
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DonnyGately Offline
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Post: #260
RE: 2017 Stock Market thread
There's no 'added bonus' to selling calls, that's what you're being paid for -- giving away all your upside on a good stock for a measly 2-3% while keeping 100% of the downside risk.

Covered call selling is the single worst retail strategy that exists.
07-12-2018 06:54 PM
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BB1 Offline
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Post: #261
RE: 2017 Stock Market thread
(12-15-2017 02:03 PM)BB1 Wrote:  I would be more inclined to invest in fast growing, innovative companies that could return over 500% in the next few years and that are under the radar for most investors. Some examples :

Alteryx (AYX)
The Trade Desk (TTD)
Noah (NOAH)
Nutanix (NTNX)
Varonis Systems (VRNS)

Quick update on my favourite innovation stocks since my post 7 months ago.

Alteryx (AYX) up from $28 to $41 - 46%

The Trade Desk (TTD) up from $49 to $95 - 93%

Noah (NOAH) up from $44 to $48 - 9%

Nutanix (NTNX) up from $36 to $57 - 58%

Varonis Systems (VRNS) up from $48 to $80 - 66%

This is confirming by belief that Wall Street still does not understand how to correctly value hyper-growth companies.
07-12-2018 08:10 PM
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Kissinger2014 Offline
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Post: #262
RE: 2017 Stock Market thread
(07-12-2018 08:10 PM)BB1 Wrote:  [quote='BB1' pid='1700914' dateline='1513364616']

This is confirming by belief that Wall Street still does not understand how to correctly value hyper-growth companies.

What are you thoughts on IQ? I bought some at 16.30. Thinking of adding to my (very small) position.
07-12-2018 08:29 PM
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booshala Offline
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Post: #263
RE: 2017 Stock Market thread
(07-12-2018 06:54 PM)DonnyGately Wrote:  There's no 'added bonus' to selling calls, that's what you're being paid for -- giving away all your upside on a good stock for a measly 2-3% while keeping 100% of the downside risk.

Covered call selling is the single worst retail strategy that exists.

I get what you're saying, and I'm much more inclined to sell puts than calls but there are times when selling covered calls works for me. For example, when I'm mildly bearish on a position I own without wanting to liquidate it outright. Or I'll only sell 1 or 2 calls in a 500 share position that I wanted to pare down in the first place. Plus, I have a big capital loss carryover from 2017, so it's nice not having to pay any short term cap gains on the options premiums.
07-13-2018 12:05 AM
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jbkunt2 Offline
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Post: #264
RE: 2017 Stock Market thread
@BB1 those numbers look great. Well played.
07-13-2018 12:15 AM
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BB1 Offline
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Post: #265
RE: 2017 Stock Market thread
(07-12-2018 08:29 PM)Kissinger2014 Wrote:  What are you thoughts on IQ? I bought some at 16.30. Thinking of adding to my (very small) position.

You got a great initial price. I like IQ, and would add here - BUT it is not a big position for me, because of the additional risk in Chinese companies. For example I have much larger positions in my fav USA companies like MongoDB and Nutanix.

Key IQ dates - earnings to be released 26 July, and the IPO lockup expiring in September. Expect some volatility if you like this stock as a long-term position.
07-14-2018 11:52 AM
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Denzel Offline
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Post: #266
RE: 2017 Stock Market thread
I closed my WJA position with almost 5 % profit in less than a month as I predicted.

I have been benefiting from this thread. I never buy without doing my own research though. Thanks to those who share.

(06-29-2018 07:21 PM)Denzel Wrote:  WJA, West Jet bounced from a strong support today. This is a good chance to make money in the short term. Expect around 5 percent from the current levels in less than a month. The analysis will be invalid if WJA goes below 16.82 though (stop loss level). To me, the profit potential is higher than making a loss.

It has a P/E ratio below 8. Its low cost "brother" Swoop started flying last week, which is great news; however, WJA is not expected to have a great balance sheet until 2019.
07-19-2018 11:18 AM
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Denzel Offline
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Post: #267
RE: 2017 Stock Market thread
SBUX released its quarterly earnings today. It beat the estimates but sales in China is a problem. We will see what tomorrow brings.

AMD will also be interesting to watch tomorrow.

(06-28-2018 10:26 AM)white22 Wrote:  Starbucks CFO announced he is retiring in November. This after the stock was already taking a hit. I'm not a fan a Strabucks politically and don't drink coffee, but see it as a money making opportunity. I feel anything under $50 is a steal. Seeking alpha says $40 is the perfect entry point. I don't know if it will go that low, but who knows. Currently down to $48 from $57 a week ago.
(This post was last modified: 07-26-2018 11:31 PM by Denzel.)
07-26-2018 11:29 PM
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Prince Charming Offline
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Post: #268
RE: 2017 Stock Market thread
any one buying facebook ?
07-27-2018 02:53 PM
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Prince Charming Offline
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Post: #269
RE: 2017 Stock Market thread
any one buying facebook ?
07-27-2018 03:46 PM
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LittleWins Offline
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Post: #270
RE: 2017 Stock Market thread
(07-27-2018 03:46 PM)Prince Charming Wrote:  any one buying facebook ?

I´m not directly buying it, but I sold a put option after the earnings dip. I´ll either get Facebook stocks for a real bargain or the premium for the put option, so that´s my preffered strategy.
07-28-2018 01:16 PM
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BB1 Offline
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Post: #271
RE: 2017 Stock Market thread
Added to my position in Pure Storage (PSTG) today at $21.71. This is another hyper growth company that are the thought leaders in their field.

More info on one of their products :

https://www.zacks.com/stock/news/312282/...amp-nvidia
08-02-2018 01:33 AM
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DJ-Matt Offline
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Post: #272
RE: 2017 Stock Market thread
I'm going to finally get in on PSTG since there's a dip this week.


Even though my history with LC and RAD shows I'm shitty at picking stocks, I've been invested in EGHT for many years and it's always grown, so there's my stock tip for y'all!

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08-02-2018 11:27 AM
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Road_Less_Taken Offline
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Post: #273
RE: 2017 Stock Market thread
A few of my picks from the Canadian stock market that probably nobody has heard of. I have been focusing my search on stocks with a small market cap & low liquidity and volatility. Ie boring stocks. All on the TSX

LGT.B
CVG
ELF
OLY
08-02-2018 11:41 AM
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Arado Online
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Post: #274
RE: 2017 Stock Market thread
In response to a recent Joe Rogan episode talking about an upcoming USD collapse:




I heard this episode which refuted it.
https://moneyfortherestofus.com/215-doll...-coming-2/
Quote:On this episode of Money For the Rest of Us, David considers the question proposed by Peter Schiff on Joe Rogan’s recent podcast episode, “Is a dollar collapse coming?” Schiff is an economist, financial broker, and author who specialized in financial topics. On Rogan’s podcast, he explained why he believed an economic recession coupled with a destroyed currency is about to hit the United States. David examines his argument point by point and outlines why he does not believe an imminent dollar collapse is something US investors need to worry about. For all the details on this complex subject, be sure to listen to this podcast episode.

Economic expansions don’t die simply because of old age

The first prediction that Schiff makes on the podcast is that by the end of President Trump’s first term, the US economy will fall into a “severe recession” and the dollar will become “a bottomless pit.” If this were to happen, people across the country will want to get out of the dollar and invest in other currencies. However, David explains that economic growth and expansion doesn’t simply cease because of the length of the prosperity. An analysis by the Federal Reserve Bank of San Francisco showed that the odds of a recession in any given year are 23%, with a 77% probability that growth will continue. Just because an expansion continues for another year does not increase the probability of a decline in the following year.

If a dollar collapse is coming, it will do so relative to other currencies

There’s a key idea that must be understood when examining economic declines. If the US dollar is to collapse, then it will do so relative to other currencies. David explains that other currencies have to strengthen while the US dollar weakens, meaning other countries need to be in a better position than the US (in areas such as GDP, inflation and private sector debt.) This isn’t the case in 2018. The US currently sits at 152% of non-financial private sector debt to GDP. Globally, the figure is 154%. Europe is currently at 160%, the UK at 170%, and China at 208%. Since many other countries are as indebted or even more indebted than the US, there isn’t a large draw for people to flee the USD.

The relationship between money supply and inflation is essential to understand

A major theme to the Schiff podcast interview is the world is going to fall apart, so be prepared. His biggest worry is the Federal Reserve’s quantitative easing program will lead to stagflation, a period of high inflation that occurs during a recession.

Schiff says, “Inflation is the expansion of the money supply. You can’t expand prices. Prices can go up and they can go down. They can’t expand. What expands is the supply of money. The supply of money expanded… so inflation caused stock and real estate prices to go up. All sorts of things went up because of inflation. Ultimately, a lot of that inflation is going to end up at the supermarket. So you’re going to have that at the same time we have the recession.”

David explains further by saying that money supply as measured by M2 did increase. M2 measures cash, travelers checks and checking and savings deposits. M2 increased from $1.6 trillion in March 2009 to $3.7 trillion in April 2018. The money supply increased because bank loans increased significantly. Banks create most of the money supply through their lending activity. Yet, despite the increase in the money supply, the inflation rate has been low. For inflation to pick up, an economy needs both an increasing money supply and capacity constraints in terms of the ability of a country to produce goods and services. Schiff says the the unemployment rate in the U.S. is understated which suggests there is workforce slack, a condition that is disinflationary, not inflationary.

This is why a dollar collapse and economic ruin aren’t on the immediate horizon

Given all the information Schiff outlines in the podcast, David does not believe a dollar collapse is on the immediate horizon. This is because he simply does not see many other countries in stronger economic positions. Investors won’t flee from the USD if there aren’t much better options available. While economic recession is always in the cards for the future, it is currently not an immediate “gloom and doom” situation. To hear the rest of David’s reasoning behind why the USD is safe for the time being, be sure to give this episode your full attention.

Comments? Trying to decide whether to put some cash in a mutual fund, forex, gold, crypto, or keep in cash.
(This post was last modified: 08-03-2018 11:10 AM by Arado.)
08-03-2018 11:09 AM
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jbkunt2 Offline
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Post: #275
RE: 2017 Stock Market thread
Picked up some PSTG.

Thanks for the tip.
08-06-2018 08:08 PM
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