So if you had $50K to invest, where would you put it?

dreamingat30fps · 07-10-2020, 12:50 PM

Well my sell order at 20% for UAVS finally triggered. Has gone up even more but I'm happy to be out in the green. If only I could say the same about TNXP.

I should of sold DLPN yesterday but I wasn't paying attention and did not have my sell order in place although I'm still up like 30%... not sure if I should sell it today. I don't have enough $$ in it to make much of a difference either way. Still holding a little TORC also which I'm up like 15% and XSPA I'm so red I'm just letting it ride till the end.

floridaorange · 07-10-2020, 02:46 PM

How long do most of you plan to hold penny stocks

mbanks21 · 07-10-2020, 03:04 PM

Quote:

Originally Posted by floridaorange

How long do most of you plan to hold penny stocks

Depends if I like it or not. I'm holding Netlist and Kitov until I can buy a medium sized island in the Pacific.

damageprone · 07-10-2020, 04:11 PM

Quote:

Originally Posted by floridaorange

How long do most of you plan to hold penny stocks

Not long, weeks usually, a couple months max. Too volatile for me too hold long.

vreihen16 · 07-10-2020, 04:11 PM

Quote:

Originally Posted by floridaorange

How long do most of you plan to hold penny stocks

I used to know someone with a seat on the Exchange. The only piece of advice that he would give anyone was that "pigs get slaughtered." After prying, he said that it was an investor's saying to stay out of penny stocks, ie trading for companies at the bottom of the barrel.

To answer your specific question: I bought 50,000 shares of BSRC a few years ago at $0.03 as a gamble. While I'm happy to see it up 60% + in the past two days, I still have a long way to go before I break even again. At this point, I've written that money off...and set a $1.00 sell alarm to jump out if a miracle occurs.

Don't touch BSRC with a 10-foot barge pole, unless you want to share in my misery!!!!!

premier3is · 07-10-2020, 04:33 PM

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

BimmerDimmer6 · 07-10-2020, 04:38 PM

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

premier3is · 07-10-2020, 04:57 PM

Quote:

Originally Posted by BimmerDimmer6

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

Thought so lol

thebmw · 07-10-2020, 05:09 PM

TSLA is ridiculously overvalued based on fundamentals and even based on the next 5 years' fundamentals. The problem is, the valuation is not based on fundamentals. It is based on the cult. How do you value a cult? And when does that valuation end? At some point, if the cult starts getting nervous, the bubble will burst spectacularly. If more people joint the cult, $2000/share is not far away.

dreamingat30fps · 07-10-2020, 05:26 PM

Quote:

Originally Posted by thebmw

TSLA is ridiculously overvalued based on fundamentals and even based on the next 5 years' fundamentals. The problem is, the valuation is not based on fundamentals. It is based on the cult. How do you value a cult? And when does that valuation end? At some point, if the cult starts getting nervous, the bubble will burst spectacularly. If more people joint the cult, $2000/share is not far away.

My friend convinced me to get into TSLA in the 700s. He's definitely drunk the kool aid. This was right before all the covid stuff I believe. Anyways dropped for a while then was stagnant for a couple months. When it jumped into the 900s we dumped it. Kicking myself now!

That being said other than this penny stock gambling I do for fun I pretty much just stick to mutual and index funds. I don't really like having any significant $$ in individual stocks. However Tesla scares the shit out of me because IMO they should change it from TSLA to ELON because it's pretty much driven by the cult of Elon. I think the product is great, I think the guy is a genius (also crazy), but I get the sense there's no rhyme or reason for TSLA to be at the price it is. I personally would put it in the same risk category as these penny stocks.

floridaorange · 07-10-2020, 05:47 PM

Quote:

Originally Posted by BimmerDimmer6

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

Quote:

Originally Posted by BimmerDimmer6

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

Which is why I jumped in on Dogecoin - but out now :

thebmw · 07-10-2020, 05:58 PM

Quote:

Originally Posted by dreamingat30fps

That being said other than this penny stock gambling I do for fun I pretty much just stick to mutual and index funds. I don't really like having any significant $$ in individual stocks. However Tesla scares the shit out of me because IMO they should change it from TSLA to ELON because it's pretty much driven by the cult of Elon. I think the product is great, I think the guy is a genius (also crazy), but I get the sense there's no rhyme or reason for TSLA to be at the price it is. I personally would put it in the same risk category as these penny stocks.

It will be interesting to see how TSLA fares. Overall, it will go up but there may be a serious correction eventually. At least with selected "penny" stocks, they are responding to something concrete, either a rumor, a deal, earnings report, etc. With TSLA, it is a response to a cult and an idea that TSLA will rule the world one day...which may happen along with AMZN!

BimmerDimmer6 · 07-10-2020, 06:07 PM

Quote:

Originally Posted by thebmw

Quote:

Originally Posted by dreamingat30fps

That being said other than this penny stock gambling I do for fun I pretty much just stick to mutual and index funds. I don't really like having any significant $$ in individual stocks. However Tesla scares the shit out of me because IMO they should change it from TSLA to ELON because it's pretty much driven by the cult of Elon. I think the product is great, I think the guy is a genius (also crazy), but I get the sense there's no rhyme or reason for TSLA to be at the price it is. I personally would put it in the same risk category as these penny stocks.

It will be interesting to see how TSLA fares. Overall, it will go up but there may be a serious correction eventually. At least with selected "penny" stocks, they are responding to something concrete, either a rumor, a deal, earnings report, etc. With TSLA, it is a response to a cult and an idea that TSLA will rule the world one day...which may happen along with AMZN!

Quote:

Originally Posted by floridaorange

Quote:

Originally Posted by BimmerDimmer6

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

Quote:

Originally Posted by BimmerDimmer6

Quote:

Originally Posted by premier3is

Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago...

Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500

Robinhood.

Which is why I jumped in on Dogecoin - but out now :

Quote:

Originally Posted by dreamingat30fps

Quote:

Originally Posted by thebmw

TSLA is ridiculously overvalued based on fundamentals and even based on the next 5 years' fundamentals. The problem is, the valuation is not based on fundamentals. It is based on the cult. How do you value a cult? And when does that valuation end? At some point, if the cult starts getting nervous, the bubble will burst spectacularly. If more people joint the cult, $2000/share is not far away.

My friend convinced me to get into TSLA in the 700s. He's definitely drunk the kool aid. This was right before all the covid stuff I believe. Anyways dropped for a while then was stagnant for a couple months. When it jumped into the 900s we dumped it. Kicking myself now!

That being said other than this penny stock gambling I do for fun I pretty much just stick to mutual and index funds. I don't really like having any significant $$ in individual stocks. However Tesla scares the shit out of me because IMO they should change it from TSLA to ELON because it's pretty much driven by the cult of Elon. I think the product is great, I think the guy is a genius (also crazy), but I get the sense there's no rhyme or reason for TSLA to be at the price it is. I personally would put it in the same risk category as these penny stocks.

You guys do realize this is the future of the market, right? Is not a car company people are buying, it's something much bigger.

I wouldn't rule out buying in now tbh.

Nuckle · 07-10-2020, 06:55 PM

Glad I stayed in DLPN and UAVS. Looking good AH.

dreamingat30fps · 07-10-2020, 07:05 PM

Quote:

Originally Posted by Nuckle

Glad I stayed in DLPN and UAVS. Looking good AH.

WTF is going on with DLPN AH??? That's crazy. I guess it's a good thing I didn't sell.

Only news I see is they announced their earnings meeting next week.

E92inNC · 07-10-2020, 07:11 PM

My sells triggered for uavs at $1.75 and dlpn at $1.50 today. Will buy back into dlpn on dip next week before ER release, hopefully.

Nuckle · 07-10-2020, 07:31 PM

Expected earning for DLPN is good. UAVS is still running on amazon rumors. I expect both of them to end up much higher in the future but do not use my gut feel to make any decisions.

Nuckle · 07-10-2020, 07:33 PM

Quote:

Originally Posted by Rmtt

Quote:

Originally Posted by BzsBimmer

Is this Rmtt? Lol
https://www.marketwatch.com/story/he...ion-2020-07-08

Hope you guys got in on DLPN when I first mentioned it. My average is .89 with 10K shares.

Funny thing...I got on the other forum...laid out the DD and what they had to offer....next thing you know it's running hard AH and sitting up 36% right now from yesterday.Big news is ER will be released between now and July 15th. There are supposed to be some "surprises" in that ER with announcements of other deals.

One of DLPN's subsidiary.... Creative Viewpoints customers and partners

I hope you are still holding those shares! Home run!

thebmw · 07-10-2020, 08:03 PM

Quote:

Originally Posted by BimmerDimmer6

You guys do realize this is the future of the market, right? Is not a car company people are buying, it's something much bigger.

I wouldn't rule out buying in now tbh.

Future of the market, sure/maybe. But at what point is the future of the market worth $300 billion, which is about what it is worth now?

Jordan's World · 07-10-2020, 09:44 PM

Is anyone else in PLAY? Need some advise as I'm down like $1k or 7% right now.

Debating if I should average down on Monday or just hold. I bought in at $13.03.

Thanks!

SunnyD · 07-10-2020, 11:10 PM

Got out of UAVS, made 30%, jumped into GNUS at $2.30 today and caught the wave up to $2.70 and got out.

Nuckle · 07-10-2020, 11:14 PM

Quote:

Originally Posted by SunnyD

Got out of UAVS, made 30%, jumped into GNUS at $2.30 today and caught the wave up to $2.70 and got out.

Nice!

07-10-2020, 12:50 PM	#2245
dreamingat30fps Colonel 5945 Rep 2,011 Posts Drives: Miata, Cayenne, Model 3, F350 Join Date: Jan 2010 Location: South Florida & NC iTrader: (1)	Well my sell order at 20% for UAVS finally triggered. Has gone up even more but I'm happy to be out in the green. If only I could say the same about TNXP. I should of sold DLPN yesterday but I wasn't paying attention and did not have my sell order in place although I'm still up like 30%... not sure if I should sell it today. I don't have enough $$ in it to make much of a difference either way. Still holding a little TORC also which I'm up like 15% and XSPA I'm so red I'm just letting it ride till the end.
	Appreciate 1 vreihen1620477.00 Quote

07-10-2020, 04:33 PM	#2250
premier3is Major 1650 Rep 1,011 Posts Drives: 2019 BMW 330i M-Sport Join Date: Jul 2019 Location: CA iTrader: (0)	Someone help me understand the absolutely ridiculous nonstop uptrend in TSLA.... this was a 350 dollar stock like 2-3 months ago... Can't even imagine being a short in Tesla. I wonder if it's all purely based on them going to be listed in the S&P500
	Appreciate 1 floridaorange12094.50 Quote

07-10-2020, 05:09 PM	#2253
thebmw Post Advisor 1888 Rep 1,802 Posts Drives: More Manuals than Automatics Join Date: Feb 2010 Location: Illinois iTrader: (10)	TSLA is ridiculously overvalued based on fundamentals and even based on the next 5 years' fundamentals. The problem is, the valuation is not based on fundamentals. It is based on the cult. How do you value a cult? And when does that valuation end? At some point, if the cult starts getting nervous, the bubble will burst spectacularly. If more people joint the cult, $2000/share is not far away.
	Appreciate 1 Rmtt8203.00 Quote

07-10-2020, 06:55 PM	#2258
Nuckle Captain 2281 Rep 600 Posts Drives: 2023 Defender X Join Date: Aug 2017 Location: Birmingham, AL iTrader: (0)	Glad I stayed in DLPN and UAVS. Looking good AH.
	Appreciate 1 Rmtt8203.00 Quote

07-10-2020, 07:11 PM	#2260
E92inNC Captain 1892 Rep 638 Posts Drives: E92 335i Join Date: Jun 2010 Location: woods by the sea iTrader: (2)	My sells triggered for uavs at $1.75 and dlpn at $1.50 today. Will buy back into dlpn on dip next week before ER release, hopefully.
	Appreciate 0 Quote

07-10-2020, 07:31 PM	#2261
Nuckle Captain 2281 Rep 600 Posts Drives: 2023 Defender X Join Date: Aug 2017 Location: Birmingham, AL iTrader: (0)	Expected earning for DLPN is good. UAVS is still running on amazon rumors. I expect both of them to end up much higher in the future but do not use my gut feel to make any decisions.
	Appreciate 1 Rmtt8203.00 Quote

07-10-2020, 09:44 PM	#2264
Jordan's World Private 429 Rep 73 Posts Drives: 2013 128i M-Sport Coupe Join Date: Nov 2019 Location: Orlando, FL iTrader: (0)	Is anyone else in PLAY? Need some advise as I'm down like $1k or 7% right now. Debating if I should average down on Monday or just hold. I bought in at $13.03. Thanks!
	Appreciate 0 Quote

07-10-2020, 11:10 PM	#2265
SunnyD Major 462 Rep 1,305 Posts Drives: M4 GTS Join Date: Dec 2006 Location: Long Beach, CA iTrader: (1)	Got out of UAVS, made 30%, jumped into GNUS at $2.30 today and caught the wave up to $2.70 and got out. __________________ '16 ///M4 GTS '11.75 ///E90 M3 ZCP \| DCT '06 ///M5 \| SMG - Gone '98 ///M3 \| 5MT - Gone '07 ///M Coupe \| 6MT - Gone
	Appreciate 0 Quote