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Old 05-24-2021, 04:43 AM   #2226
chytry
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Re: 2021 Trading Thread

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Originally Posted by juan valdez View Post
All valuations are stretched imo. Lots of excess speculation. in the last week the crypto moves correlated with the stonks. The value of spy is totally irrelevant to crypto in the long run but this is the trading thread. IMO there could be some short term correlation/risk. Considering crypto is on the verge of melting down and liquidating moon boys, I think it adds a bit of short term risk in stocks, which already have elevated risk

That was wordy but hopefully my opinion makes some sort of sense
If anything, we can see speculative money move back from crypto to growth stocks.
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Old 05-25-2021, 09:13 AM   #2227
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Re: 2021 Trading Thread

Anyone have thoughts on NVDA?

As far as I can tell it seems to have fairly significant losses at times (many -20% periods) so just based on that I am going to at least keep an eye on it.

I was fortunate enough to time a dip and now it's near ATH, so I have mixed thoughts about taking some profit or just letting it run.


Also with the split coming up in July would that generally be considered to be a bullish catalyst?
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Old 05-25-2021, 11:07 AM   #2228
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Re: 2021 Trading Thread

So RBLX has pumped even more into ATHs since my post not long ago wondering if it was a good short. The only news I've been able to find is that a couple notable hedge funds were revealed to have positions via their 13Fs. Its market cap is now $50B. This seems utterly insane to me. Am I missing something?

I'm trying to keep the faith because I kept saying the same thing about LMND as it went full energizer bunny mode for months. As far as I can remember though, hedge funds never touched that one.
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Old 05-25-2021, 04:22 PM   #2229
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Re: 2021 Trading Thread

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Originally Posted by karamazonk View Post
So RBLX has pumped even more into ATHs since my post not long ago wondering if it was a good short. The only news I've been able to find is that a couple notable hedge funds were revealed to have positions via their 13Fs. Its market cap is now $50B. This seems utterly insane to me. Am I missing something?

I'm trying to keep the faith because I kept saying the same thing about LMND as it went full energizer bunny mode for months. As far as I can remember though, hedge funds never touched that one.
This always happens with IPOs - dumb money just piles in as they see the stock price going up and up. Look at every singe one. NIO - XPEV - PLTR - FUBO - PINS - TSLA - SKLZ. It should reverse eventually but who knows how high these things can pump.

If you are in a short - I would say the stock is over valued and I tried to do a credit call spread but couldn't get the premium desired on the 90/95 June 4th. The 100/110 June 25 gives $1.65 which I may consider taking. I also thought of just shorting the stock right out but no position yet.
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Old 05-26-2021, 08:58 AM   #2230
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Re: 2021 Trading Thread

So the AMC play paid off..took a bit but was worth.

Going to look at exiting today
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Old 05-26-2021, 09:44 AM   #2231
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Re: 2021 Trading Thread

GME

you love to see it
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Old 05-26-2021, 01:18 PM   #2232
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Re: 2021 Trading Thread

Anyone know what time the Bureau of Economic Analysis's report gets released tomorrow?

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Originally Posted by djevans View Post
This always happens with IPOs - dumb money just piles in as they see the stock price going up and up. Look at every singe one. NIO - XPEV - PLTR - FUBO - PINS - TSLA - SKLZ. It should reverse eventually but who knows how high these things can pump.

If you are in a short - I would say the stock is over valued and I tried to do a credit call spread but couldn't get the premium desired on the 90/95 June 4th. The 100/110 June 25 gives $1.65 which I may consider taking. I also thought of just shorting the stock right out but no position yet.
Well put. I'm outright shorting it now.
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Old 05-26-2021, 02:05 PM   #2233
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Re: 2021 Trading Thread

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If anything, we can see speculative money move back from crypto to growth stocks.
interesting to see the market and crypto correlated this week also. larger and smaller moves (relative) together. Today seems like a slow day but there seems to be some more risk-on stocks making gains while others are stalling
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Old 05-26-2021, 04:17 PM   #2234
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Re: 2021 Trading Thread

Sold my AMC, couldn't resist.

Upped a big bag of SNDL for an avg cost of 71c. Going long
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Old 05-27-2021, 02:58 AM   #2235
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Re: 2021 Trading Thread

VTNR good on green on day
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Old 05-27-2021, 07:24 AM   #2236
chytry
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Re: 2021 Trading Thread

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Originally Posted by karamazonk View Post
Anyone know what time the Bureau of Economic Analysis's report gets released tomorrow?



Well put. I'm outright shorting it now.
if you want to short an overpriced IPO that is less likely to be a meme, look at EDR
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Old 05-27-2021, 01:56 PM   #2237
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Re: 2021 Trading Thread

lol AMC

everything short squeezing except gme, you love to see it
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Old 05-28-2021, 04:47 AM   #2238
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Re: 2021 Trading Thread

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Sold my AMC, couldn't resist.
I too underestimate the madness of crowds and get out way too early .. but it's honest work
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Old 05-28-2021, 05:25 AM   #2239
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Re: 2021 Trading Thread

Yeah, figured there was a fair chance she would go up, but a good chance a dip.

Oh well. Can't predict them all.
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Old 05-28-2021, 11:36 AM   #2240
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Re: 2021 Trading Thread

I was able to accumulate a decent amount of idg.to ahead of the earnings next week, volume is super low on it as its held tightly by insiders.
Will see if they can keep up the ecom growth while keeping costs down. The extended lockdowns havent been helping. Will swing trade a few thousand shares if it passes 4.8 but my long thesis only plays out feb 2022 earnings (xmas seasonal business).
Anyone playing the news out of the DRC on cobalt concentrate export restrictions? FCC has been increasing their stakes in Idaho
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Old 05-29-2021, 02:57 AM   #2241
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Re: 2021 Trading Thread

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Originally Posted by Dochrohan View Post
Sold my AMC, couldn't resist.

Upped a big bag of SNDL for an avg cost of 71c. Going long
Nice alert on SNDL. I bought some June 4 calls other day
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Old 05-29-2021, 03:01 AM   #2242
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Re: 2021 Trading Thread

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VTNR good on green on day
holy crap I saw the gap and print and that next day and figured it was overbought so I ignored it. finished up 95% today.
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Old 06-01-2021, 03:04 PM   #2243
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Re: 2021 Trading Thread

APPS reports tonight.

The have been pretty much COVID-proof and recession proof but the rotation out of growth and general market conditions has pulled it down the past few months.

They are continuing to grow and churn out high % YoY. The selling is over done and I believe with another positive report people will jump back in for the next leg up.

Just my two cents as a non-expert fun trader. 2021 Trading Thread

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Old 06-02-2021, 09:59 AM   #2244
chytry
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Re: 2021 Trading Thread

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I too underestimate the madness of crowds and get out way too early .. but it's honest work
more evidence of this today .. up 50% since
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Old 06-02-2021, 11:11 AM   #2245
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Re: 2021 Trading Thread

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Originally Posted by daChimp View Post
APPS reports tonight.

The have been pretty much COVID-proof and recession proof but the rotation out of growth and general market conditions has pulled it down the past few months.

They are continuing to grow and churn out high % YoY. The selling is over done and I believe with another positive report people will jump back in for the next leg up.

Just my two cents as a non-expert fun trader. 2021 Trading Thread

Sent from my Redmi Note 9 Pro using Tapatalk
The market is just lame, company (APPS) does incredible numbers multiple earnings in a row and no huge gap up. I'm still holding but didn't add to my position because of the way the market is.

Same goes for the stock MGNi
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Old 06-02-2021, 11:54 AM   #2246
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Re: 2021 Trading Thread

just nonstop short hunting
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Old 06-02-2021, 12:04 PM   #2247
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Re: 2021 Trading Thread

Thinking the hedgies left a bit of money on the table with AMC.
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Old 06-02-2021, 01:42 PM   #2248
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Re: 2021 Trading Thread

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Originally Posted by SpursDynasty View Post
The market is just lame, company (APPS) does incredible numbers multiple earnings in a row and no huge gap up. I'm still holding but didn't add to my position because of the way the market is.



Same goes for the stock MGNi
Agreed. I can read through the BS which strengthens my diamond hands

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Old 06-02-2021, 09:17 PM   #2249
karamazonk
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Re: 2021 Trading Thread

Just bet someone in the poker room $500 that GME will be below $30 by June 2, 2023. Likelihood I win this bet?
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Old 06-02-2021, 10:26 PM   #2250
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Re: 2021 Trading Thread

According to Tastyworks, it has a 43% chance to touch $30 at some point by 1/20/23 and 27% chance to close below that on that day.

There is 25,000 open contracts on 1/20/23 $2 puts. lol Laying $16 to win $184.
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