Boiler Room: The Official Stock Market Discussion

[Deafheaven]

brehs, I need your thoughts on this. a friend of mine has $5000 to invest. I told him to either put all $5000 in one stock (my recommendation was either net, dkng, tesla when it dips or PLUG) to get alot more gains. He said no, fair enough. I then told him to put $2500 in two stocks or $2000 in two and the remaining $1000 on another. he also said no.

He told me he is dead set on spreading the $5000 on 5 stocks, so $1000 in each. he says he wants to each of those holdings to turn into $10,000 or more in 5 years (he's not looking to hold any longer than than). told me he's not going to add to them and he just going to leave it.

i told breh not every stock is like shopify, its rare for a 1000 to turn into 10000 (penny stocks aside) in 5 years without DCA and add to your positions.

This is what he leaning towards and what he believes will turn $1000 into $10000

Nio
Planet 13
PLTR (according to him this will make him 15000 or more from 1000)
DKNG (only stock he took from my tips)
Uber

Is my friend deluded in thinking $1000 in each of the above will grow to 10000 or more in 5 years? How rare is it to make $10000 from a $1000 investment (not DCA or adding anymore shares over the years) in a stock (excluding penny stocks)?

Introduce that nikka to penny gang

 

[Saysumthinfunnymike]

I honestly think people are getting into Nio looking for the next Tesla. FE used to clown it pretty hard.

People used to clown Tesla too.. all these 'meme' stocks get clowned to a degree but it doesn't mean there isn't substance there.

There are a ton of fair criticisms to be made but you also have to look and see that yes they doubled their revenue last year and are expected to double it again this year. They doubled their deliveries. They are backed by the Chinese government. They've raised billions to scale. Now are releasing a sedan with seemingly top of the line specs and technology and a partnership with Nvidia.

This is a risky play. But one that if they come through will be insanely lucrative. I would never recommend it to anyone. I have the money to throw at it and see what it does and I'll cut ties if need be.

 

[Doomsday]

Had my dads funeral and placed his ashes in the cemetary today. So I go to Publix to pick up a med and decide to play the Pick 4 with his birthday for luck to see what happens. I grab a few scratch offs to mess around with and this last one, Monopoly Bingo, looks like a winner. Possible 3k win.

That's a dope story. My condolences to you and your family. We all in this together.

 

[Doomsday]

SNDL got a 180 extension to be NASDAQ compliant. No way will the internet let a penny stock with weekly options die. They have to be over a dollar for a set amount of time (10 days I think) and I believe strongly that will happen. This gives everyone a chance to jump in knowing it still has room to grow. I personally can see this stock trading 1.50-3.00 in the next quarter.

 

[KalKal]

Going to have to do some research on that one, might be fun to gamble on some call options.

My TSLA calls dropped way out of the money today, but I'm used to this so I know it will be back soon.

 

[K-Deini]

SNDL got a 180 extension to be NASDAQ compliant. No way will the internet let a penny stock with weekly options die. They have to be over a dollar for a set amount of time (10 days I think) and I believe strongly that will happen. This gives everyone a chance to jump in knowing it still has room to grow. I personally can see this stock trading 1.50-3.00 in the next quarter.

Say no more

 

[Kal El]

Anyone look into haacu? Just saw it’s a spac with some of the management from lvgo.

Yup, it's on my radar. Waiting for the units to split before I consider starting a position

 

[NatiboyB]

Another Loss I took was HEXO I had it at like .60 and it increased they split it and I sold it....Now it's up to $5.08 I had over 500 hundred shares.

 

[BaileyPark31]

Thanks to whomever put me up on ZOM / Zomedica. Up abt 30%

Does anyone have any other good penny stocks?


Also, is it safe to have my coinbase account verified with my ID? Do I really need to do That?

Thanks in advance.

 

[Serious]

One of the lessons I learned in this new journey is everybody ain’t meant to be in this game. Ppl think passive income means they don’t have to work for their meal. Dudes don’t really want help or advice. They jsut want you to take their money do all the work and received back their investment with %200 profit. Once you tell them you can’t really help them the way they want, they start treating you different.

Yep, navigating the stock market really requires a unique mindset. And if you’re not willing to constantly learn and adapt to fast ever changing atmosphere then your results will vary significantly.

 

[mannyrs13]

Another Loss I took was HEXO I had it at like .60 and it increased they split it and I sold it....Now it's up to $5.08 I had over 500 hundred shares.

I feel you on that plenty of times. Thought I had hexo in one of my accounts but can't find it going back thru history. I did find that I purchased 10 shares of Roku at like $50 back in fall of 2018 and sold it at $70. I looked and its over $400 now.

That was the old me and this new one is more patient and focused.

 

[mannyrs13]

Thanks to whomever put me up on ZOM / Zomedica. Up abt 30%

Does anyone have any other good penny stocks?


Also, is it safe to have my coinbase account verified with my ID? Do I really need to do That?

Thanks in advance.

Hopefully we can find another cheap decent penny runner.

Coinbase is to get in and out only. Do not linger with your money if its a big amount or you need to make moves on there. Use binance or kraken, I just found out about, but Coinbase is at your own risk.

Every time bitcoin shoots up or dips, they have server issues and nobody can log in to take profit or buy the dip. They real questionable.

 

[mannyrs13]

speaking of ZOM. up to .95 tonight and hopefully a few more pennies in the morning to keep the momentum going.

 

[K-Deini]

Another Loss I took was HEXO I had it at like .60 and it increased they split it and I sold it....Now it's up to $5.08 I had over 500 hundred shares.

Think they had a reverse split breh. It didn't jump from .60 to what it is now

 

[NatiboyB]

Hopefully we can find another cheap decent penny runner.

Coinbase is to get in and out only. Do not linger with your money if its a big amount or you need to make moves on there. Use binance or kraken, I just found out about, but Coinbase is at your own risk.

Every time bitcoin shoots up or dips, they have server issues and nobody can log in to take profit or buy the dip. They real questionable.

Now that is some grimey get money game