Anyone investing heavily this year??

How much money did you lose/gain this past week?

  • I have been looking at the payout on my wife's life insurance policy...do I still need her?

    Votes: 2 6.7%

  • I guess I will postpone paying off the mortgage for a few more years

    Votes: 19 63.3%

  • I knew this day would come and was shorting the hell outta the market

    Votes: 9 30.0%
  • Total voters
    30
  • Poll closed .
Kaotic said:
"BELLUS Health shares are trading lower after the company's phase 2 trial of BLU-5937 for chronic cough missed its primary endpoint. "

Why do you think this is going to have a significant bounce back? Are you counting on their phase 2 trials? Meaning, past the current $3.99
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Not sure how quickly they can recover from missing the primaru endpoint.
 
Should I swing LEVI or get out now? I dont have much vested, but damn I wasnt expecting it to move up until after tomorrow's call.
 
RECAP - One of them days. Overall nothing worked for my setups but it was still a success. I stuck to the plan and didn't needlessly jump into moves like I had done in the past. I closed all my positions and now have full reserves ready to deploy.

sickwidit said:
Here are my Monday moves for my own record, to get feedback and to share what I'm learning with others. My focus is swing plays using technical analysis. Most of the stocks I'm playing in July will be swing plays going from Oversold (Below 30 RSI) to Overbought (70 RSI or above) with 1 or 2 speculative day trades throughout the week.

Watching for Entry - Items I want to buy just need the right signal
BIMI - At just below 30 RSI, waiting for it to go back over 30 and show some upward movement. This dropped on a poor earnings report but is a mask company and with states requiring masks this could go up along with the rest. Its already at support and should start going back up any day now. This could happen tomorrow and this is the main position I am watching. I was watching and watching but this shit was like a lifeless corpse all day. Keeping on the watch list for now.

Spec Plays - I may buy if setup / news works perfectly

LMFA or BYFC - Both are financial stocks related to the BLM and #BLACKOUTTUESDAY. Pretty sure LM Holdings dont even have black people working there but for some reason its associated. BYFC is already moving and I feel like I missed the entry. It will likely run but since its already at resistance and getting close to oversold it doesn't fit my setup. However, It's possible alot of people will sell off in the first 30 min or so and there may be a good position to take but I don't think it will slide that far. With that in mind I'm watching LMFA because it closed at support and jumped 30% in After Hours. I'm predicting people will take those profits and drop it down closer to support. Whichever opportunity presents itself with the best setup I will take and then exit by Tuesday. If they both move too far out of range I will move on to the next opportunity. These were both good but jumped out the gate early AM in pre-market and ran up and down throughout the day. I've been burned a few times in pre-market so I waited for the dips but even those were at oversold levels. Money could have been made but it was a poor setup with the entry positions available.

ENDP - FDA decision coming on Monday. Keeping an eye on it but don't think I will jump in before hand will likely wait for announcement and watch for the rebound if it is denied. If it's approved and doesn't gap up I will take a small position. Still no news this far into after hours. Most likely negative but still watching to see reaction and potential opportunity off of that.

Still In Play - Current Positions

HRTX - On an uptrend looking to ride this back up to around $19 unless the rally starts breaking down. Pending news on Canadian FDA equivalent approval. Heavily shorted so with a positive news catalyst this presents a short squeeze possibility and could spike up. This broke down today. In hindsight I should have seen the earlier breakdown on Thursday but suspected it was due to low volume before holiday weekend. Still came out green

MARK - Earnings call during after hours but planning to sell before call. Sold half my position Thursday and have a trailing profit target stop setup if it runs and then backtracks. Tanked after hours after poor report as suspected since most of their good earnings are expected to be in Q2. Got out early in the day but missed the high. Still came out with a decent profit

AMD - Will sell tomorrow and take profits and get back in when it goes to oversold territory. Sold for decent profit but missed high of day
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May be another day on the sidelines but I am watching for a positive uptick on any of the following tomorrow.

Reversal Watchlist
BIMI - Lifeless like Bethany Benz in a flick but hoping to see movement tomorrow
IHRT - Tested support today at around $6.30, if it dips that low may pick it up on uptick
PBH - Showing signs of a reversal but low volume and near support
HRTX - Got beat down today so watching to see if it tests support again
CEMI - Picked up a COVID contract After Hours and went up, may run in premarket. Conference call set for pre-market so this may not allow for a good entry

This is based my own analysis and I'm still a rook when it comes to trading so take it for what you will.

Late entry -
*ENDP received FDA approval late tonight will try to grab an early PM entry and hope I don’t regret it lol.
 
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sickwidit said:
May be another day on the sidelines but I am watching for a positive uptick on any of the following tomorrow.

Reversal Watchlist
BIMI - Lifeless like Bethany Benz in a flick but hoping to see movement tomorrow
IHRT - Tested support today at around $6.30, if it dips that low may pick it up on uptick
PBH - Showing signs of a reversal but low volume and near support
HRTX - Got beat down today so watching to see if it tests support again
CEMI - Picked up a COVID contract After Hours and went up, may run in premarket. Conference call set for pre-market so this may not allow for a good entry

This is based my own analysis and I'm still a rook when it comes to trading so take it for what you will.

Late entry -
*ENDP received FDA approval late tonight will try to grab an early PM entry and hope I don’t regret it lol.
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I bought CEMI in my small account on Friday. Looking for an opportunity to sell I’m PM. I don’t like holding Through conference calls.

Be careful with FDA approvals. They normally pop and then drop, especially if there’s momentum elsewhere in the market.
 
Palantir has filed for an IPO and is going public....
www.nytimes.com

Palantir Technologies Files to Go Public (Published 2020)

The data start-up, which has a valuation of $20 billion, would be the largest Silicon Valley tech listing since Uber made its debut last year.
www.nytimes.com www.nytimes.com

dunno why it took them so long,....but i've been waiting on this. Jumping all in as soon as its pushed thru and gets listed.
if dont know much about this company, i suggest you do some research on them now......they are huge right now.
 
Alrhough there are a number of smaller lesser known stocks that have significant profit potential, I would strongly suggest that many of you not shy away from the more established stocks. During the great depression, it was these companies that continued to make money and did not fold due to the economy. Additionally, many of these stocks are relatively easier to predict.

My MSFT options paid off big time yesterday. I'm talking 1000's. I would suggest looking at the major tech stocks, and grabbing a few option contracts this week.
 
Nothing really jumping out at me today. I will be watching GSAT for a quick flip though.
 
Thrill3Seeker said:
I bought CEMI in my small account on Friday. Looking for an opportunity to sell I’m PM. I don’t like holding Through conference calls.

Be careful with FDA approvals. They normally pop and then drop, especially if there’s momentum elsewhere in the market.
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Indeed, which is exactly what happened and what I was predicting. It didnt get as high as I thought though. Either way my bid wasnt accepted in premarket, which is another lesson to me generally look to only sell in PM and buy in AH. Today, looks like a red day with everything on sale. Established solid stocks should be there.
 
Coldchi said:
Palantir has filed for an IPO and is going public....
www.nytimes.com

Palantir Technologies Files to Go Public (Published 2020)

The data start-up, which has a valuation of $20 billion, would be the largest Silicon Valley tech listing since Uber made its debut last year.
www.nytimes.com www.nytimes.com

dunno why it took them so long,....but i've been waiting on this. Jumping all in as soon as its pushed thru and gets listed.
if dont know much about this company, i suggest you do some research on them now......they are huge right now.
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Thanks for sharing this...Any company doing anything in data (which is king nowadays) I want parts of it.
 
Madrox said:
Thanks for the heads up. I've been holding this for a MINUTE and was starting to forget about it...
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Its still trending down even after their new contract. May be a red day all around today. I won't force anything.
 
sickwidit said:
May be another day on the sidelines but I am watching for a positive uptick on any of the following tomorrow.

Reversal Watchlist
BIMI - Lifeless like Bethany Benz in a flick but hoping to see movement tomorrow - She slid further down but showed some resistance, bought at support but missed bottom. Will hold to see how this does with news this week
IHRT - Tested support today at around $6.30, if it dips that low may pick it up on uptick - Picked this up on the uptick but probably bought a little too high. Still got it around support and am in green with afternoon movement. Think this is due to for a good day this week.
PBH - Showing signs of a reversal but low volume and near support - Skipped volume too low and not huge upside
HRTX - Got beat down today so watching to see if it tests support again - Skipped but will consider a buy in the $14 area
CEMI - Picked up a COVID contract After Hours and went up, may run in premarket. Conference call set for pre-market so this may not allow for a good entry. Got caught in between thinking of day trading or swing trading it and bought a little too high on the mid morning upswing. Still think i have a good position to sell rest of week.

This is based my own analysis and I'm still a rook when it comes to trading so take it for what you will.

Late entry -
*ENDP received FDA approval late tonight will try to grab an early PM entry and hope I don’t regret it lol. - Didn't get the 4am bid, probably for the best as it never rose to what I wanted to flip it for.
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Went shopping today results were mixed will see how these end up playing out this week. Also, copped MU for a quick swing tomorrow.
 
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HellBoy said:
TWTR screwing around. That story about a subscription model... :idea:
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..I had just went in on TWTR last week based on the fact that it was $15 below its 52 week High and I feel like its gonna blow up around election time. Plan on slowly building up position..
 
Messed up with the CEMI move. It dropped so low got stopped out. Now its practically back up to my break even :hithead:

edit: Now its up above in a decent profit zone. Live and learn
 
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