Stock Trading -or- ReconSWS's Bane

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  • Rusty Brass
    commented on 's reply
    I'm holding my APHA for a while and SNDL until at least tomorrow I think. They'll both go up more.

  • Boddah2
    replied
    All about weed stocks today. In and out in few hours!


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  • Boddah2
    replied
    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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  • ReconSWS
    commented on 's reply
    Also EA is not a low-baller with the bids.

  • ReconSWS
    replied
    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.

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  • bellicose
    commented on 's reply
    I'll bet that's why they offer the higher than value price; to discourage other bids.

  • Axel
    commented on 's reply
    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.

  • bellicose
    commented on 's reply
    I'd like to know as well. I owned Dreamworks stock when this happened to them, and my stock shot up to the agreed price, but I just held it until the payout.

  • Axel
    replied
    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?

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  • the_matrix_guy
    commented on 's reply
    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.

  • the_matrix_guy
    commented on 's reply
    All brokers charge fees for OTC trades. Ameritrade is $6.95 per trade on OTC but its free on major exchanges.

  • bellicose
    commented on 's reply
    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...

  • the_matrix_guy
    replied
    Originally posted by bellicose
    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.
    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.

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  • bellicose
    replied
    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:


  • the_matrix_guy
    commented on 's reply
    Ameritrade / Schwab.
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