Originally Posted by neech:
MRNA ship is on course, no icebergs in sight.
That's great.
I was thinking about hopping on that one back in March when it was around $27/28 per share. That would have been my very first foray into investing in my own chosen stocks. Would have been a good one, but I chickened out because I thought the floor would keep falling. [Reply]
Originally Posted by Rain Man:
I don't do penny stocks, but my regular stock strategy is to sell off 80 percent if I find myself up 20 percent in a year (to avoid short-term capital gains taxes). That's for my non-IRA investments. In the IRA accounts I'll sell off earlier if I'm up 20 percent, because I don't have to worry about taxes in those accounts.
In a penny stock I'd probably sell any time I got up 20 percent because I feel like those can crater pretty fast.
Originally Posted by Strongside:
Got in on SRNE on Thursday. Big selloff at open today, but CEO is about to go on CNBC in a few mins. Might see another spike.
As a day trader I'm not sure I've ever seen anything funnier than Barstool Sports creator Dave Portnoy take a stab at day-trading. I'm addicted to watching him. Like watching a train wreck in slo mo, though he's made a comeback recently. Freaking hysterical :-) (nsfw)
Originally Posted by Hammock Parties:
He's fucking hilarious.
At the 14:00 mark this morning he realizes that his etrade is down and not letting him cut his RVLV long. Costs him about $20k before he finally gets filled. The 10-min rant is gold. Blames it on the "pinstripe suits". :-)
Originally Posted by :
The value of his Penn stock (PENN) started at $26.21 per share in February, when the deal was announced. It hit above $39 a few weeks later.
But virus restrictions took hold and upended markets.
Penn furloughed 26,000 employees, and also sold assets and tapped credit to ride out the storm. They also halted construction on two mini-casinos being built.
Penn shares hit a low of $3.75 on March 18. It’s been volatile since but is back up over $13 a share this week.
Portnoy’s streaming of his life as a stock trader began five days after Penn hit bottom.