Stock Market Chat

[CJ]

I’d love to know some good stocks to buy, been buying penny stocks but losing my ass. Mostly buying at the wrong time when people are dumping in buying ha.

Stay away from penny stocks, don't even waste a moment of your time thinking about them. You're not going to get rich by hitting a lottery pick, you'll only lose your money.

They're cheap pieces of junk for a reason. If a regular Joe like you or I starts hearing some chatter about one of them, it's more than likely the old 'Pump and Dump' tactic, and we'll be left holding the bag.

 

[CJ]

I heard Royal Caribbean popped today so checked out your call... NCLH@ $15.13 buddy! Ride that pony. Stocks only go up these days.

Cruise Lines make me nervous, people don't NEED to have cruises. And they keep pushing back their sail dates.

I bought into Southwest about a week ago at $32, sitting at $35 right now. It was bouncing up off a support level in pricing, and people are going to need to fly. I chose Southwest over Delta because I think domestic travel will be the first to come back.

 

[CohibaRobusto]

I’d love to know some good stocks to buy, been buying penny stocks but losing my ass. Mostly buying at the wrong time when people are dumping in buying ha.

What CJ said... but to add, if you're gonna gamble, do it with something that at least has some intrinsic value so that if you lose, you don't lose everything. Maybe look for some quality small cap stocks if you want something that can make a big move.

 

[CJ]

What CJ said... but to add, if you're gonna gamble, do it with something that at least has some intrinsic value so that if you lose, you don't lose everything. Maybe look for some quality small cap stocks if you want something that can make a big move.

If you want to gamble, go to the casino. You have better odds.

 

[MrRippedZilla]

For those who care, I've just closed my position on natural gas as pricing returns to late last years levels. The instability that is sure to come in the months ahead makes betting on a continued demand for natural gas at this price slightly more risky and, frankly, I'd have to be an idiot not to cash out with a 40%+ return.

Valuable lesson for those new to the markets: take your ****ing profits when you get them.

 

[CohibaRobusto]

Just bought some AT&T stock (T). I know they have a lot of outstanding debt. I still feel like they are a safe play, and also their stock price hasn't recovered from March like the rest of the market. Plus you get the 7% dividend.

The chart looks like it's going to make a big move soon. Hope I'm not an idiot. Someone talk me out of buying more.

 

[Lizard King]

Stay away from penny stocks, don't even waste a moment of your time thinking about them. You're not going to get rich by hitting a lottery pick, you'll only lose your money.

They're cheap pieces of junk for a reason. If a regular Joe like you or I starts hearing some chatter about one of them, it's more than likely the old 'Pump and Dump' tactic, and we'll be left holding the bag.

Just sold one at close to 100% profit today and have done well in the past.

 

[CJ]

Just sold one at close to 100% profit today and have done well in the past.

Touche.

You beat my 60% on ZM today, so you win. But I freely admit that I got lucky with that earnings destroyer yesterday.

 

[CohibaRobusto]

I'll take the 60% ZM over the 100% penny stock remains thank you. You're welcome.

 

[CJ]

I'll take the 60% ZM over the 100% penny stock remains thank you. You're welcome.

I wouldn't!!! :32 (18):

 

[CohibaRobusto]

I wouldn't!!! :32 (18):

If you don't time it perfectly and sell it all you own a pile of dog shit!

 

[CJ]

If you don't time it perfectly and sell it all you own a pile of dog shit!

I just wouldn't have the time necessary to research appropriately, and be able to watch it during the day for when it pops.

If you have the time and know what you're doing, it's probably fine. I just know my limitations in regards to this.

 

[HH]

I think A&D companies will see an increase in stock price across the board after the elections depending on who wins of course. Im also fairly bullish on tech stocks, with all of the M&A activity happening in the sector, I can only see market caps increasing for the time being.

 

[BrotherJ]

I'm still riding my Tesla meme options

 

[CohibaRobusto]

I'm still riding my Tesla meme options

 

[CJ]

Thank god for Stop Losses!!! :32 (18):

 

[CohibaRobusto]

I mean we are way overdue for a correction here. To be at all time highs with the economy like it is now is just stupid. JPow will keep his foot on the gas though.

 

[CJ]

I mean we are way overdue for a correction here. To be at all time highs with the economy like it is now is just stupid. JPow will keep his foot on the gas though.

I'm ok with it. I got stopped out of almost all of my tech positions. Forced profit taking. It was getting kind of silly anyway, harder to find comfortable stop loss points.

 

[CJ]

I did add to my position in Coca Cola though. Roughly $50 has been a resistance level since the Covid drop, and it broke through it, and tested and held it even during the shit show the last few days. Hopefully it's a nice support level now, on the way to $60.

If not, I lose a few %. No big deal, good risk to reward ratio for me.

 

[CJ]

Also have a nice trend line for a second level of support.