Haddonfield, NJ
i lost a bit on hitif but im thinking about diving back in and holding a while.
(Topic ID: 175889)
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Quoted from extraballingtmc:Hitif is killing me. Hope it’s worth it long term.
MGM doing good lately.
I've been doing well with it buying it at .57 and selling it when it hits .72 or so. Not huge gains, but not bad.
Maple Ridge, BC
Sold my uec and urccf with and average gain of 25%. Also sold my biggest loser on the mining side. Going to collect more urnm also looking at copx, slx, bdry
Quoted from WeirPinball:Sold my uec and urccf with and average gain of 25%. Also sold my biggest loser on the mining side. Going to collect more urnm also looking at copx, slx, bdry
Which miner was your biggest loser?
Quoted from robertmee:It's been rock solid at .6? How is it killing you? Its always been a long term play.
Cuz I bought a bunch at .70 lol.
I did do another buy last week at .59.
Not really killing me just really hope it all works out long term. Everything seems pretty good about this company, seems like a winner.
Quoted from extraballingtmc:Cuz I bought a bunch at .70 lol.
I did do another buy last week at .59.
Not really killing me just really hope it all works out long term. Everything seems pretty good about this company, seems like a winner.
I think the whole cannabis market took a small hit on the 6th when Harris said the Biden administration isn’t focused on following through on its marijuana reform pledges because it’s too overwhelmed with responding to the coronavirus pandemic. I have been waiting for HITIF to drop low .5 to load up but that didn't happen yet. Also GTBIF, CURLF & APHA all had similar drops. Still holding for a better sale.
Yeah I did notice that. I bought a bunch of different weed stocks late last week, hoping they bounce back up a bit for a short term gain. Didn’t buy fire(tsx) though
I'm expecting the weed stocks to ramp over the next 10 days to 4/20, I'll probably sell off my High Tide 4/19 or 4/20 if it's in the .70s again, then buy it a week later in the .50s. Generally weed stocks do well in the week leading up to 4/20.
Apparently copper will be going crazy in price as my friends in telecom wiring are telling me that nobody will lock in pricing for more than 30 days which has not occurred in years so they are expecting large price increases.
).Quoted from jonesjb:What do others think of the Coinbase IPO happening this week? Will anyone be going in?
I used to be excited but I think it’s priced so high already might be a bit iffy.
Valued at 90b already can it really go much higher? Maybe a bit but us retail guys got no hope to make any money on it.
I know nothing btw. Just gonna hold my weed stocks and wait.
Quoted from nwpinball:I'm expecting the weed stocks to ramp over the next 10 days to 4/20, I'll probably sell off my High Tide 4/19 or 4/20 if it's in the .70s again, then buy it a week later in the .50s. Generally weed stocks do well in the week leading up to 4/20.
This would please me greatly. We will soon see! I would love to sell my hitif and come back in lower, I’d probably buy even more shares lol
Quoted from extraballingtmc:I used to be excited but I think it’s priced so high already might be a bit iffy.
Valued at 90b already can it really go much higher? Maybe a bit but us retail guys got no hope to make any money on it.
I know nothing btw. Just gonna hold my weed stocks and wait.
I wonder. If primary revenue is a function of the transaction fees (which I assume would be contingent on the crypto being traded), then the revenue would be directly correlated with how high crypto could go, no?
Coin base gets all their revenue from fees. So yes the higher crypt prices are and the more active the market is the more fees and higher fees they will collect.
If crypt crashes again though lookout.
Quoted from robertmee:No, you're $20 in the hole if that stock goes to 0. What you described is a pyramid with ever increasing returns. Not sustainable.
You’re failing to consider that the stock you’re trading represents a piece of a company with real earnings and growth potential to support the price. It’s not like a piece of art that just sits there not doing anything.
People seem to forget that when you buy stock, you’re buying a company and future earnings.
Quoted from investingdad:You’re failing to consider that the stock you’re trading represents a piece of a company with real earnings and growth potential to support the price. It’s not like a piece of art that just sits there not doing anything.
People seem to forget that when you buy stock, you’re buying a company and future earnings.
Every company will go bankrupt eventually, it just might not happen in our lifetime like a Kmart or Sears or Chesapeake or so many more did.
Quoted from DCFAN:I hope people held onto their PINS during the down time. It has really come back (along with Pinside, ).
Apple has been back on its way up as well.
I held onto my PINS even when I was way down, now I wish I bought more when it was so low, I'm way back in the green again. Yeah, while Pinside was down, PINS, AAPL, and PYPL all went 5% or more, nice!
Quoted from KornFreak28:Which miner was your biggest loser?
EMPYF down 45% luckily only had a small position
Quoted from tacshose:Apparently copper will be going crazy in price as my friends in telecom wiring are telling me that nobody will lock in pricing for more than 30 days which has not occurred in years so they are expecting large price increases.
like I said - check out COPX, I might be buying this week also steel SLX
Quoted from WeirPinball:like I said - check out COPX, I might be buying this week also steel SLX
Perfect, thank you, I’ll check it out
Quoted from DCFAN:Every company will go bankrupt eventually, it just might not happen in our lifetime like a Kmart or Sears or Chesapeake or so many more did.
https://www.google.com/amp/s/www.marketwatch.com/amp/story/why-shares-of-bankrupt-companies-usually-go-bad
I think you’re missing my point, whether intentionally or not I cannot say.
Every company is expected to produce earnings and cash flow, allowing us to price shares of stock based on discounting those future earnings. There’s basis for a valuation. The company is producing something.
It is hardly zero sum.
Hell, even if the company does go bankrupt, I didn’t necessarily lose money as a shareholder assuming I held it long enough and received dividends in excess of what I paid.
Quoted from investingdad:I think you’re missing my point, whether intentionally or not I cannot say.
Every company is expected to produce earnings and cash flow, allowing us to price shares of stock based on discounting those future earnings. There’s basis for a valuation. The company is producing something.
It is hardly zero sum.
Hell, even if the company does go bankrupt, I didn’t necessarily lose money as a shareholder assuming I held it long enough and received dividends in excess of what I paid.
I respect your opinions but this isn't 1980s stock market. The current over valuation of the market has little to do with future expected valuations or even current evaluations. When companies like AMC and GME or even TSLA are bleeding revenue, and their stocks increase 400%, we are no longer buying on value. Its gambling. And just like the last guy in on GME at $480, there will be a lot of bag holders in this market.
So if you want to claim dividends make it not zero sum, then I would counter, not all stocks produce dividends, and the trading and option fees and buy/sell spread across all stocks more than compensate for the 1 to 2% gained in dividends of select stocks.
Quoted from robertmee:I respect your opinions but this isn't 1980s stock market. The current over valuation of the market has little to do with future expected valuations or even current evaluations. When companies like AMC and GME or even TSLA are bleeding revenue, and their stocks increase 400%, we are no longer buying on value. Its gambling. And just like the last guy in on GME at $480, there will be a lot of bag holders in this market.
So if you want to claim dividends make it not zero sum, then I would counter, not all stocks produce dividends, and the trading and option fees and buy/sell spread across all stocks more than compensate for the 1 to 2% gained in dividends of select stocks.
How are you arriving at the conclusion the market is overvalued? Not individual stocks, the broader market?
AMC, GME, TSLA are outliers
I have said it before, if you are treating the market like a casino - the house will win in the long run
Quoted from investingdad:How are you arriving at the conclusion the market is overvalued? Not individual stocks, the broader market?
Probably looking at something like below. The P/E ratio of the market writ large is significantly above its historical average.
The counter (bull) argument is that the primary reason the P/E ratio is out of whack is that earnings were suppressed by covid economy and that earnings will more than recover in the near future. This will naturally drop the ratio back to a more reasonable number.
But if the bull argument is wrong...
88CA8534-1BBA-4D21-8825-F6ED2F2C684B.jpegQuoted from investingdad:How are you arriving at the conclusion the market is overvalued? Not individual stocks, the broader market?
It's not my conclusion...against most metrics it is very overvalued:
https://fortune.com/2021/02/08/stock-market-stocks-overvalued-robert-shiller-metrics-data/
Quoted from robertmee:I respect your opinions but this isn't 1980s stock market. The current over valuation of the market has little to do with future expected valuations or even current evaluations. When companies like AMC and GME or even TSLA are bleeding revenue, and their stocks increase 400%, we are no longer buying on value. Its gambling. And just like the last guy in on GME at $480, there will be a lot of bag holders in this market.
So if you want to claim dividends make it not zero sum, then I would counter, not all stocks produce dividends, and the trading and option fees and buy/sell spread across all stocks more than compensate for the 1 to 2% gained in dividends of select stocks.
Companies that don’t pay dividends put the cash back into the company, increasing valuation.
If equities are zero sum, than the economy is zero sum.
Don’t mix your argument with options, those are zero sum.
Quoted from Oaken:Probably looking at something like below. The P/E ratio of the market writ large is significantly above its historical average.
The counter (bull) argument is that the primary reason the P/E ratio is out of whack is that earnings were suppressed by covid economy and that earnings will more than recover in the near future. This will naturally drop the ratio back to a more reasonable number.
But if the bull argument is wrong...[quoted image]
Take a look at the other two over valuations....2000 (dot com burst), 2008 (housing burst). Will this one be the Covid burst? Not sure anyone can make the argument that the stock market is accurately priced right now.
Quoted from investingdad:Companies that don’t pay dividends put the cash back into the company, increasing valuation.
If equities are zero sum, than the economy is zero sum.
Don’t mix your argument with options, those are zero sum.
Except that 40% of companies, have been LOSING money. They aren't putting any cash back into the company.
https://www.pymnts.com/news/investment-tracker/2020/40-pct-us-listed-companies-report-losses/
And yet, P/E and evaluations are increasing. More reason to believe the market is very over valued.
Quoted from robertmee:Except that 40% of companies, have been LOSING money. They aren't putting any cash back into the company.
https://www.pymnts.com/news/investment-tracker/2020/40-pct-us-listed-companies-report-losses/
It still doesn’t make it zero sum.
I’m not arguing that markets are over or undervalued, that some companies are making or losing money. I’m simply stating that the trade of equities is not zero sum.
Quoted from investingdad:It still doesn’t make it zero sum.
I’m not arguing that markets are over or undervalued, that some companies are making or losing money. I’m simply stating that the trade of equities is not zero sum.
You asked the question, "How are you concluding that markets are overvalued", which would suggest that you believe they are not. So if that's not debating, I'm not sure what you were asking? And yes, agreed, we have cross pollinated the arguments between zero sum and over valuation.
I'm not going to further pollute the thread...I'm sure many are tired of the ramblings. Back to suggesting stocks and investing strategies 
Quoted from robertmee:You asked the question, "How are you concluding that markets are overvalued", which would suggest that you believe they are not. So if that's not debating, I'm not sure what you were asking? And yes, agreed, we have cross pollinated the arguments between zero sum and over valuation.
I'm not going to further pollute the thread...I'm sure many are tired of the ramblings. Back to suggesting stocks and investing strategies
I’m not sure if they are or not. I’m concerned the run up has been optimistic with the jury still being out. But it doesn’t change my core view on zero sum.
In any case, I’m not trying to be argumentative with anyone. I just believe strongly in this and I think a lot of investors are investing with some misconceptions and misunderstanding of the underpinning basics.
Whelp looking like I caught a knife with AI. Cost basis around 60. Now thinking we will see 40 before we see 80.
Well, looks like I was wrong about the sky falling, at least for now. The consensus seems to be that with the vaccines rolling and herd immunity now approachable, optimism will be driving the S&P higher. I sold my VOO at 280 last year early on and now I bought back in at 377. I still made money because I had originally purchased it for much less, but I just didn't have the confidence in the market's resilience so I baled and now I am licking my wounds.
Quoted from D-Gottlieb:Well, looks like I was wrong about the sky falling, at least for now. The consensus seems to be that with the vaccines rolling and herd immunity now approachable, optimism will be driving the S&P higher. I sold my VOO at 280 last year early on and now I bought back in at 377. I still made money because I had originally purchased it for much less, but I just didn't have the confidence in the market's resilience so I baled and now I am licking my wounds.
probably going to happen sooner or later, problem is timing - who knows when it will turn. I'm keeping stop losses on most of my stuff in case something happens.
Quoted from WeirPinball:Silver is up big this morning that's a good sign
Of high inflation ahead?
Quoted from WeirPinball:Could be, but bond yields must not be up
Which silver miners are you playing? Have you taken a look at SSVFF?
Quoted from KornFreak28:Which silver miners are you playing? Have you taken a look at SSVFF?
Silj, ag, mta, silv. I trying to stay away from non liquid otc stuff
HITIF on sale and others seem to be bouncing back. Don't listen to me bc i know nothing. This is not a joke.
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