You still feel SNDL is a "dog" after making $9k on it today alone?
You still feel SNDL is a "dog" after making $9k on it today alone?
Josh439 wrote:
Bought EXPR today at 4.58 with fun money (401k & IRA). Lets see where that goes...
I think the short squeeze is dead man... My taxable account was up 5.6% today and Roth 2.55%. I was down $4700 at end of day, but I think it'll be worse tomorrow as the hype seems to be dead now.
investing noob wrote:
Josh439 wrote:
Bought EXPR today at 4.58 with fun money (401k & IRA). Lets see where that goes...
I think the short squeeze is dead man... My taxable account was up 5.6% today and Roth 2.55%. I was down $4700 at end of day, but I think it'll be worse tomorrow as the hype seems to be dead now.
I realize I haven't mentioned my taxable account before. But my point is the rest of the market is recovering, which is what my taxable account did so well compared to the Roth today. No FOMO stocks in my taxable account.
investing noob wrote:
Josh439 wrote:
Bought EXPR today at 4.58 with fun money (401k & IRA). Lets see where that goes...
I think the short squeeze is dead man... My taxable account was up 5.6% today and Roth 2.55%. I was down $4700 at end of day, but I think it'll be worse tomorrow as the hype seems to be dead now.
Could be. Managed to buy at almost the bottom of EXPR today. Up 9% at close. Hoping I can get 20% but yeah it's definitely a huge gamble.
A lot of fomo to go around the investment world lately, and it's been quite a spectacle. Will admit to some smaller speculative plays, time will tell. Question for everyone and hopefully this can benefit the OP, which index funds or ETF's are your picks for 2021?
RunRR wrote:
A lot of fomo to go around the investment world lately, and it's been quite a spectacle. Will admit to some smaller speculative plays, time will tell. Question for everyone and hopefully this can benefit the OP, which index funds or ETF's are your picks for 2021?
I've already answered but just to reiterate, my taxable account has:
ARKK
ARKG
ARKQ
ARKW
I like ARKK and ARKG best. Cathie Wood says ARKG has the most potential for exponential growth, because no one needs a Tesla but we all need healthcare.
I have also considered ICLN for clean energy, but my individual clean energy stocks in taxable account have done so well. IDEX, GEVO, ENG, and OEG have been my biggest winners. I even dabbled in some OTCs SNPW and CETY and they've done well too. Pretty much anything green energy is a winner under this administration, easy double or triple gains.
I can't tell you how much I love GEVO. I think this will hit $50 this year. I've been buying since it was $2.98 and reloading on all the dips. It's my biggest position in my taxable account and I have 100% returns. All these electric and hydrogen stocks require billions of dollars in new infrastructure to be built. GEVO does not! Their technology uses existing infrastructure! They turn crops into usable electricity, how cool is that?
investing noob wrote:
I like ARKK and ARKG best. Cathie Wood says ARKG has the most potential for exponential growth, because no one needs a Tesla but we all need healthcare.
Never heard of ARK before today (I'm dumb) but ARKG is a really impressive basket.
Harambe wrote:
investing noob wrote:
I like ARKK and ARKG best. Cathie Wood says ARKG has the most potential for exponential growth, because no one needs a Tesla but we all need healthcare.
Never heard of ARK before today (I'm dumb) but ARKG is a really impressive basket.
Great entry now IMO. A few weeks ago, I loaded the boat with ARKG was under 95 and ARKK was under 130. I always felt Tesla was overbought and due for a crash/correction so I never got in and missed out. However I did buy ARKK which is 10% Tesla, which I'm comfortable with. If Tesla drops 50% in a day, then ARKK would only fall 5%. In fact there have been days where Tesla dropped 5-10%, but ARKK was still green.
investing noob wrote:
Harambe wrote:
Never heard of ARK before today (I'm dumb) but ARKG is a really impressive basket.
Great entry now IMO. A few weeks ago, I loaded the boat with ARKG was under 95 and ARKK was under 130. I always felt Tesla was overbought and due for a crash/correction so I never got in and missed out. However I did buy ARKK which is 10% Tesla, which I'm comfortable with. If Tesla drops 50% in a day, then ARKK would only fall 5%. In fact there have been days where Tesla dropped 5-10%, but ARKK was still green.
Tesla is not falling or rising much like that anymore since becoming part of the S&P 500 index.
seattle prattle wrote:
investing noob wrote:
Great entry now IMO. A few weeks ago, I loaded the boat with ARKG was under 95 and ARKK was under 130. I always felt Tesla was overbought and due for a crash/correction so I never got in and missed out. However I did buy ARKK which is 10% Tesla, which I'm comfortable with. If Tesla drops 50% in a day, then ARKK would only fall 5%. In fact there have been days where Tesla dropped 5-10%, but ARKK was still green.
Tesla is not falling or rising much like that anymore since becoming part of the S&P 500 index.
Tesla is up 22% since 12/18 that's not bad.
Josh439 wrote:
investing noob wrote:
I think the short squeeze is dead man... My taxable account was up 5.6% today and Roth 2.55%. I was down $4700 at end of day, but I think it'll be worse tomorrow as the hype seems to be dead now.
Could be. Managed to buy at almost the bottom of EXPR today. Up 9% at close. Hoping I can get 20% but yeah it's definitely a huge gamble.
Now at 3.4 lol. That's what I get for gambling. I'll hold for a bit just in case
Josh439 wrote:
Josh439 wrote:
Could be. Managed to buy at almost the bottom of EXPR today. Up 9% at close. Hoping I can get 20% but yeah it's definitely a huge gamble.
Now at 3.4 lol. That's what I get for gambling. I'll hold for a bit just in case
Yeah I'm down another 900 today, considering cutting losses. Meanwhile ARK ETFs are at all time highs. I should have just moved everything over to them last Friday.
investing noob wrote:
Josh439 wrote:
Now at 3.4 lol. That's what I get for gambling. I'll hold for a bit just in case
Yeah I'm down another 900 today, considering cutting losses. Meanwhile ARK ETFs are at all time highs. I should have just moved everything over to them last Friday.
I've been watching and even dabbled in some of these highly speculative stocks mentioned around over the last few days, and the conclusion i am coming to is that yeah, time it just right, and there's some money that could be made. But timing it right is damned near impossible. The more mainstream strong performers (like ARK ETFs for example) are slower but more reliable, and seem to be the way to go from where i sit. I guess that's the advantage in a strong bull market like we find ourselves in now.
Short Harley Davidson. It's on the road to zero. Even the branding and merchandise will be worthless soon.
"Harley-Davidson Inc. unveiled its five-year turnaround plan called “The Hardwire” as shipments to dealers plunged 32% from a year ago to their lowest level since 1997. Annual retail sales, meanwhile, sank 17% to the weakest since 1998."
DanM wrote:
Short Harley Davidson. It's on the road to zero. Even the branding and merchandise will be worthless soon.
"Harley-Davidson Inc. unveiled its five-year turnaround plan called “The Hardwire” as shipments to dealers plunged 32% from a year ago to their lowest level since 1997. Annual retail sales, meanwhile, sank 17% to the weakest since 1998."
Yes that is the commonly accepted view and has been for half a decade now. You are only going to make money if it is going broke faster than people expect.
Cut losses in BB, CTRM, GME, nakd, nok just now and put the funds ARK ETFs. Kept AAL, PLTR and XSPA because I think they'll recover soon.
Account balance is now 63,774 so it didn't move much since my original post. Hoping to get back to 69k in a few months.
I have roughly 3k in Apple, Amazon, Google, Netflix, Roku, Square, Microsoft and Tesla.
5k each in ARKK, arkG, ARKW, ARKQ, ARKF.
$5900 cash that I'll DCA into the ARKs. I may just sell off the individual stocks too and put into ARKs for simplicity.
Ha! Nice doggie! Aannnd today it was down $6k. Such is life when owning a penny stock. Did you see that SNDL issued 100 million new shares today and a bucket load of warrants? I wonder what the plan is for that influx of capital? The company has no debt. I think I'll be selling sooner as a result. I curious to see if it can hold a few days above the 99 cent range and maybe move out of the penny stock label.
Fortunately, my other... 8 (I miscounted earlier) cannabis stocks and YOLO ETF were up $30k today. I just hope the exit doesn't appear as quickly as it did for GME. That's been like watching a train wreck in slow motion. You know it's going to happen... you're just not sure when and how quickly it's going to play out.
Josh439 wrote:
Josh439 wrote:
Could be. Managed to buy at almost the bottom of EXPR today. Up 9% at close. Hoping I can get 20% but yeah it's definitely a huge gamble.
Now at 3.4 lol. That's what I get for gambling. I'll hold for a bit just in case
Ended up putting more money in to average down. 3.97 average in EXPR now. Good luck to me!
investing noob wrote:
Cut losses in BB, CTRM, GME, nakd, nok just now and put the funds ARK ETFs. Kept AAL, PLTR and XSPA because I think they'll recover soon.
Account balance is now 63,774 so it didn't move much since my original post. Hoping to get back to 69k in a few months.
I have roughly 3k in Apple, Amazon, Google, Netflix, Roku, Square, Microsoft and Tesla.
5k each in ARKK, arkG, ARKW, ARKQ, ARKF.
$5900 cash that I'll DCA into the ARKs. I may just sell off the individual stocks too and put into ARKs for simplicity.
unsolicited advice: that is a lot non-diversified in tech. I happen to like tech,, but you might also take a look at emerging markets as a way to diversify into something that has been showing strong momentum. Small caps can be rewarding as well if you time it right.