Stock Trading -or- ReconSWS's Bane
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I'm holding my APHA for a while and SNDL until at least tomorrow I think. They'll both go up more. -
All about weed stocks today. In and out in few hours!
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What kind of strategy do you guys have for day trading? I have a broker which deals with the bigger money and safer longer bets . I like to play with a set amount and buy daily. 10% and I’m out. Usually buy a $1000 of shares X a couple trades. Don’t know much I just play when they are at the upturns then get out when that 10% hits. Sold EMAN and aurora cannabis today for recents gains.
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If we're talking moral investing, I would probably prefer to invest in drone strikes on hospitals and schools rather than EA Games. (sorry that was a joke).
This GLUU acquisition reminds me of when Aurora Cannabis acquired CMED for $2B, long story short they got ripped off because everything was over-valued at the time in weedstocks. Kind of like, how everything is over-valued now in ALL MARKETS. GLUU is making off like a bandit, selling their expiring business to EA Games. It DID however, take 1+ years for this rip-off to actually come to light, because it seemed like a good deal at the time.
EA is the type of company to pay $2B to buy a company and close it, not saying they will do that here, in fact probably the opposite, but I don't see any value in GLUU beyond what EA is paying for it.Leave a comment:
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I found this:
"If the target company's stock price surpasses the price the buyer has offered to pay for each share, investors are indicating that they believe the target company may receive a higher bid from another buyer."
https://finance.zacks.com/postipo-3209.html
Technically the deal still needs to be approved by shareholders although it seems odd to me that anyone would bet on a higher ultimate price than the 30%+ premium that both boards have approved. But what do I know
Guess I'll hang on for a bit and see what happens. -
I have a dumb question. Two dumb questions.
Last night EA announced they have finalized a deal to purchase Glu Mobile at $12.50 / share, which is likely to execute around June. Naturally, the stock price shot up to that level right after the announcement.
1. Can you think of any reason why a shareholder shouldn't sell today instead of waiting four months to get the same amount of cash?
2. Conversely, why would anyone buy GLUU shares at a price higher than $12.50? I have seen them fluctuate up to $12.60. Surprised short sellers suddenly covering positions?Leave a comment:
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Ameritrade lags sometimes but I like their app. It work good 95% of the time and its full hours trading so full pre-market and after hours. You get lvl II and all of the charting tools and indicators as well. -
All brokers charge fees for OTC trades. Ameritrade is $6.95 per trade on OTC but its free on major exchanges. -
How is their app? How are their commissions? I was only thinking about putting $100 in VEPR. I'm going to end up having accounts in three different brokers... -
I'd say the hottest industries in the next 10 years are electric vehicles and everything related to powering EV's ie rare earth metals / resources like lithium, graphite. Also, the microdisplay industry for smart wearables, AR/VR, HUD's. and autonomous driving technologies -- look at EMAN MVIS, and KOPN. I have been trading all three since they were all a dollar in March. Still holding EMAN. They will continue to uptrend.Leave a comment:
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What are you guys thoughts on airlines right now? They are down quite a bit, but are on the rise. Might be something worth looking into.Leave a comment:
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