Stock Trading -or- ReconSWS's Bane
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Please do not remind me. I bought at $1.50 then it tanked to $1.20 and lower for a bit before I admonished myself for taking advice from strangers on the internet and sold it at a loss. Now it's up over 100% damn.
I'm bullish on the gun industry and specifically VSTO in the short term. I think with the massive backlog on ammunition (mainly manufactured by VSTO and it's holdings) that the earnings report is going to be very favorable.
But yeah, everything is just going up like a balloon. This environment has me very nervous as valuations are totally out of whack and I think it's time for an abundance of caution.Leave a comment:
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Bought a little NKLA when they were hammered with all the bad press couple weeks ago. Seemed like the news could not get much worse and the news cycle moves on so fast and all would be forgotten. Couple weeks later easy 60% up.Leave a comment:
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You sure as shit nailed that one. The MACD for 11/11 was a big flashing indicator for the move up.EMAN's Q3 ER is also tomorrow at 9 AM ET. Keep eyes on it.The outlook is highly bullish. I posted some DD a few posts back in case you're interested in a quick summary, I don't usually play ER's but I'm glad I played EMAN during the Q2 ER, it went from 1.30 to 2.00 that day ( 1.90 intraday, 2 after hours) This is the only small-cap I'm playing with cash. We look poised for tomorrow. Accumulation has been bullish for months. Our Stochastics which has been our most accurate and telling momo indicator is coiled with a bullish %k crossover and ready to uptrend. We are at a “breakout with volume” phase which bodes real well. And its trading above the 50 DMa alongside the macros / markets. Has been following the macros to a large extent which is bullish for a small cap. Most small caps have broken & shot to hell and back pump and dump charts.

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I have built an outsize (for me) stake in NAVI as motivation (read: "screw you") while we pay off my wife's student loans. It's not an exciting growth stock, but I buy the dips, built a decently low average cost, and it pays a solid 5-6% dividend.
Today it exploded 11% and counting and I have no idea why.
Yeah, I agree with gabe 100%Leave a comment:
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I have no idea what I'm doing, but I hopped onto GME while it was on the way up, I gained 56% yesterdayLeave a comment:
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Those sweet sweet dividends!!!!
It do feel good my man. Like JayZ said "I got my money on autopilot"Leave a comment:
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Got kind of stale in here so here's my most recent moves:
Sold covered calls on XOM and T with 1/08 exp at $42 and $30 respectively. Both went way ITM and I got scared so I bought back the XOM call for like 3x what I got in premium at the very top (dumb). Let the T call ride and now it's back OTM but close. Let the T call come back in and just bought it back for less than I sold it for so a little credit there.
Got smart and sold some calls on MO, PFE, O, SPCE, GPS, and EPD further out of the money for a safety margin. Aiming at 30-45 day expirations and 10-20% OTM. For income generation I'm wanting these to stay out of the money at expiration and if they do shoot up that much I'm happy to take money off the table and have them called away. SPCE and GPS are the main two I'm going to focus on for rolling income as they are not dividend stocks and have very high Implied Volatility meaning high premiums per contract. Will see how this round of calls goes.Leave a comment:
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Fuck yeah it has been. Made insane money on TSLA, SPCE, DFEN, and JPM.
EMAN has been absolutely gouging my eyes out. Bought way to high at $1.50 and have been averaging down. That earnings miss hurt bad. Matrixguy, not blaming you at all, your analysis is accurate and complete, I just bought at a high instead of waiting for them to come into the $1.10-1.20 price range.Leave a comment:
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