Boiler Room: The Official Stock Market Discussion

[FaTaL]

My cost basis is 4.7

If this goes even back to 12-15 I hit a great lick.

The nikkas who bought in the ATH though


Also I truly believe in the company. They arent a scam, they are profitable and eventually they wont be shorted to death. When that day comes Ill be sitting pretty for holding

Any chance of a squeeze? It makes wanna cop

 

[Deafheaven]

Any chance of a squeeze? It makes wanna cop

No idea, some folks are saying its a possibility. But Im prepared to hold into next year.

My cost basis is low enough where I wont take a huge hit if it stalls forever, cats who got in at 15 or so kind of fukked if it doesnt pop lol.

 

[Jblaze204]

Because the growth companies getting crushed right now that are worth owning are on sale. If their fundamentals are solid they’ll more than recover over the long term.

Times like this is where the money is made. Buy what you believe in but chasing waves in the market will get you killed out there.

Palantir in say 5 years maybe it goes up 10x.
If you believe that it will be a $360 billion company it’s like under $20 right now. You put $10K in it today that’s $100K you could pull out then.

yea PLTR looks promising and its low as f*ck right now. you have anymore companies your looking at?

 

[K-Deini]

Grabbed $500 worth of dkng may 7 55c to go with their earnings

 

[Jblaze204]

would ya buy PTON now? they looked like a steady $100+ stock before the mess they've got themselves in. cacs love that company

 

[GoldenGlove]

You asked the question why fukk with growth stocks right now and the answer is because this is the best time to do so.

What’s really going on is people are looking at stuff going down and they’re used to the last few years of everything always going up and they’re getting discouraged and looking for other avenues.

People are flooding into stuff that’s going up because that’s what they did in the stock market. That’s why Doge and all this shyt that did nothing for years suddenly people are buying. Just earlier this year ETC was well under $20 now it’s skyrocketed to about $150.

It’s always better to be early in the market than to be late. The question I ask myself is when ETC was $20 and I couldn’t care less about it why would I buy it now at $150. The answer is FOMO. I know from personal experience buying due to FOMO gets you wiped out more often than now because all this volatile stuff takes real conviction to ride out and FOMO is the opposite of conviction.

With a lot of great tech companies bleeding, wouldn't it be time to scoop up more value stocks/companies on sale than messing with growth stocks?

 

[Da_Eggman]

 

[Rickdogg44]

Anyone research Suro Capital (ticker SSSS).

They are a BDC (cross between bank and PE firm). They have private stake in tech companies like Coursera, NextDoor, Blink Health, etc). Anyone have any experience in BDCs?

2.50 special dividend

 

[Spree At Last]

would ya buy PTON now? they looked like a steady $100+ stock before the mess they've got themselves in. cacs love that company

no, it still has room to drop. competition is picking up and this treadmill recall is a big blow to the brand, even if bikes are the majority of their sales. pair that with gyms reopening and covid restrictions lifting, and the fact that they are still way overvalued... buying PTON now is really risky. plus cathie has been loading up which is a bad sign lol

 

[Saysumthinfunnymike]

Hindsight is 20/20 but goddamn if I don't feel dumb for holding onto ARKG this long.

I bought it late last year, it went up ~ 30% and now it's given it all back. I'm back to my cost basis

If you could predict that then that means you are able to time the market and nobody really can at a consistent basis.

You held because you believed in it. There's times to sell sure but we don't always do it at the right time lol.

 

[Saysumthinfunnymike]

Those shyt coins are like playing the lottery but losing 50-100 to potentially gain insane profits is worth that risk imo. Plus you can flip those gains to solidify your more stable projects. .

This i agree with.. but people who will be like "why is DOGE falling? " are the people that need to realize most shyt coins are exactly that.. shyt.

 

[Saysumthinfunnymike]

Legit took some of my buying money from my brokerage account and bought some ETH. I've been checking Gemini and Kucoin more than Yahoo Finance and my Schwab account this week.



Why fukk with 'growth' stocks when crypto is on fire you can build a position for far less? Yeah fukk that.

Robinhood or Coinbase?

 

[GoldenGlove]

Robinhood or Coinbase?

Neither.
I use Gemini (pretty user friendly and based in the US) and Kucoin (for ALT coins and staking, it's a lil more complex, but it has more options on there).

I also have a Metamask wallet for Chrome

 

[NaijaProdigy Redux]

Wondering if Beyond Meat is still a good play. The market is going to be saturated

 

[Gilly]

SOS brehs... i don’t think the bottom is in yet... I’m looking to add more shares and calls around 3.25 looking for a bounce around 3.20-3.22.. i wouldn’t add anything over 4 just yet