The stock market thread.

[montreal]

I think its a bubble that will pop eventually myself... but thats down the road when it becomes legal in Canada. It is all speculation (which admittedly is what the stock market is) and all these companies getting licenses are not going to be successful nor will licenses be as valuable as more companies get them.

I'm only talking about the US stock market, haven't followed any weed stocks in Canada but might start. The US weed stocks went on a massive tear, it was insane to watch how fast and how they went but that bubble popped hard and fast and ever since it's been a dead sector. Perhaps it will start to pick up depending on how things go next month.

 

[montreal]

Just dipped my toe in GRNH, was looking at a few US weed stocks and they seem to be on the move. Might get back in TRTC as I think it's the better one but GRNH is much cheaper, only bought a very small amount anyway.

 

[Thucydides]

Yeah I'm looking to get into a couple weed stocks at some point soon.

 

[montreal]

I'm up 70% or so on KTOV and 100%+ on KTOVW (stock warrants) for the year, and there should be lots of room to go on these still. I'd recommend taking a look. The warrants I believe are good through 2020, though I'll be selling them rather than converting. My money is already being made here.

I picked up some KTOV yesterday, got it at 3.42 or so but only bought half of what I was going to since Bio's have been on a slow steady decline this month. If it drops under 3, I will just double the position, if not I at least have enough to make a few bucks if it goes up to 7 or so.

 

[GREMLIN]

I picked up some KTOV yesterday, got it at 3.42 or so but only bought half of what I was going to since Bio's have been on a slow steady decline this month. If it drops under 3, I will just double the position, if not I at least have enough to make a few bucks if it goes up to 7 or so.

Thoughts on ACHN?

 

[ruhroh*]

I lost all my wealth with Nokia.
**** everything.

 

[montreal]

Thoughts on ACHN?

thinking about buying a more or a good bit more, it's insanely cheap right now. Just trying to figure out if this bio rally is for real and where it's headed cause if it breaks 300 on a triple top with strength, damn that could get real interesting as I'm way overloaded on bio. SGEN is on fire for me as well as GWPH.

 

[Pharrell Williams]

stocks are up.

 

[Fixed to Ruin]

bonds are down

 

[montreal]

finally a good day for SKX, still way undervalued imo. Now just need the bios to get on their horses and run. Hoping for a triple top on the IBB. My BLUE having a good day but I don't own a lot of that one and it never holds it gains for long.

 

[Ozz]

I'm a bio bear this past month or so. Doing well. Would have been easier keeping all the LABU shares I had earlier this year but I'm too impatient.

Doing well day trading lately bull oil, bear bio (also scalping bull bio here and there, but not much), bear gold. Not touching natural gas, though I wish I did when I wanted to a month ago. I was stuck in bios too much and couldn't risk another screwup at the time, then it ran hard.

Also got some value stocks I'm sitting on, and got to enjoy Ford's earnings report today and get out most of my shares for now.

 

[Pharrell Williams]

stocks are down.

 

[montreal]

The IBB keeps breaking support so that's very troubling but got to think there's going to be some big M&A in the bio world. ACAD, BLUE, GWPH, ARIA, SGYP, ARRY, ACHN, INCY, got to think a few of these are bought out at some point.

Thinking about getting some FLEX, maybe AMBR as well.

 

[Ozz]

montreal, what do you think will happen next week with gold? Test 1100 or rally? I'm not sure, but I'm holding DUST.

 

[montreal]

montreal, what do you think will happen next week with gold? Test 1100 or rally? I'm not sure, but I'm holding DUST.

don't really follow it, own a tiny amount of ABX. I like silver better but have stayed clear of Commodities for a while.

 

[Bee Sheriff]

Stocks are ip

 

[Satan]

stocks are down.

Buy low

 

[Bee Sheriff]

Buy low

Up high

Down low

Too slow all your money is gone

 

[Fledgemyhedge]

So I'm an 18 year old, have saved up a decent amount of cash who really wants to get into stocks. What's a good way to start? Are there any website/simulators that you guys would recommend? I'm also probably going to put a chunk of my savings toward PMs (specifically physical silver), does anyone have any background in that? I'm just so confused about where to start haha

 

[Leon der Profi]

Buy ETF's in tranches. Buy physical silver in tranches. Month over Month. Do this and while you do it get in the know about the stock market and things. Don't put all your money in the game at once. That is my advice. And pay cash for your silver coins.

 

[hitman9172]

So I'm an 18 year old, have saved up a decent amount of cash who really wants to get into stocks. What's a good way to start? Are there any website/simulators that you guys would recommend? I'm also probably going to put a chunk of my savings toward PMs (specifically physical silver), does anyone have any background in that? I'm just so confused about where to start haha

Post your questions here. 2 forums that have made a significant positive difference in the financial well-being of myself and several of my friends. Tons of knowledgeable posters:

www.bogleheads.org/forum
www.financialwisdomforum.org

 

[Fixed to Ruin]

So I'm an 18 year old, have saved up a decent amount of cash who really wants to get into stocks. What's a good way to start? Are there any website/simulators that you guys would recommend? I'm also probably going to put a chunk of my savings toward PMs (specifically physical silver), does anyone have any background in that? I'm just so confused about where to start haha

If you are interested in precious metals you should look into goldmoney.com

 

[montreal]

So I'm an 18 year old, have saved up a decent amount of cash who really wants to get into stocks. What's a good way to start? Are there any website/simulators that you guys would recommend? I'm also probably going to put a chunk of my savings toward PMs (specifically physical silver), does anyone have any background in that? I'm just so confused about where to start haha

I happen to like silver a lot long term. I owned SLV in the past, will likely buy it back again when I free up cash from biotech.

One book that helped me while getting my Finance degree, but that was a long time ago and the market has really changed as short selling and high frequency trading have really changed the landscape of investing. Be very careful would be by advice, paper trades is a good way to start till you learn and feel comfortable.

How to Make Money in Stocks: A Winning System in Good Times Or Bad
Book by William O'Neil

He runs the newspaper, Investors Business Daily.

 

[Fixed to Ruin]

I happen to like silver a lot long term. I owned SLV in the past, will likely buy it back again when I free up cash from biotech.

One book that helped me while getting my Finance degree, but that was a long time ago and the market has really changed as short selling and high frequency trading have really changed the landscape of investing. Be very careful would be by advice, paper trades is a good way to start till you learn and feel comfortable.

How to Make Money in Stocks: A Winning System in Good Times Or Bad
Book by William O'Neil

He runs the newspaper, Investors Business Daily.

Thanks for the recommendation even though you weren't replying to me . I will pick that up next time i order books off amazon.

 

[Ozz]

montreal, what do you think will happen next week with gold? Test 1100 or rally? I'm not sure, but I'm holding DUST.

I added some DUST at $50 on the gold rally yesterday & this morning. Sold 1/2 halfway to its current price (+$4/pps) and am sitting on the rest. Really wish I would have just let it all ride all day and almost doubled my profit, but I've been on the wrong side of that too much to risk it anymore. I had a few hundred shares and that was all I had available for active trading since I've got the rest tied up in longer-term trades.

On that note, Montreal, any thoughts on these? I picked up some of each for swing trades; would appreciate if you could add some thoughts. Please and thank you

SNCR
ALGN
MOMO
TRN
VALE
TTD