>I'm new to the stock market, what stocks should I buy? Before you buy anything, make a brokerage account and read investopedia articles and/or the books in the OP list. If you don't have a broker, you can't buy stocks, and if you blindly buy things without understanding how the stock market works or doing any research on the individual stocks you're buying, you will lose money and it will be entirely your fault.
I do believe that the market is irrational and stupid, and that the huge drop (which happened because LCI lost a supplier, iirc) could easily have been an overreaction, but what gives the company its value? For example, I've been shilling GALT so much because the science supporting its efficacy in treating NASH cirrhosis and cancer is promising, and it has a billionaire CEO (Richard Uihlein). What does LCI have going for it that makes it a promising company?
This may just be because it's in hindsight, but I don't understand how anyone thought buying HMNY was a good idea. Its business model is retarded and it relies on a dying industry (movie theaters) to make profits.
First for big5 getting back with his girlfriend so he can finally clean up his life.
Joseph Campbell
how high do you think Galt will go this time? i see it peaked at 12
Brayden Diaz
err 9 and some change rather
Nathaniel Wright
Lads what sectors should i be looking to invest in that will give me some long term gains? At the moment my portfolio is only really weed and tech, both of which are pretty overpriced so I'm scared of a pop
>I've been shilling GALT so much because the science supporting its efficacy in treating NASH cirrhosis and cancer is promising I want to invest, but I'm not sure "they have a billionaire CEO" and "they show potential" are good enough reasons for me, personally.
Sebastian Thompson
>Let's see how will this new Chinese rule affect companies like BILI and IQ: >- If applicant want to make available a foreign media in China, they should submit the full version of the show to regulatory authority. >- Permit won't be issued to content made by organizations that, or joined by individuals that damaged the national honor/pride/benefit of China, endangered the social stability or injured the ethical emotion >- A catalog will be established by a department under the state council, the catalog will be periodically updated, all foreign content that are not part of the catalog will be banned from transmitting within China >- For internet audio/video program providers, the amount of Foreign Movie, TV Drama, Animation, and other Foreign TV Program they provide, cannot exceed 30% of the total number of program available in each individual category. >- The new rule is now in the phase of consultation. Deadline for comment submission would be October 19, 2018.
Jacob Watson
>BTFD >"T-thanks for the cheapies!" CUT MY LIFE INTO PIECES.
I don't have any particular price target at the moment, but purely on cancer data, I'm guessing somewhere around 10 (this is all speculation). Because cancer data was good, it created the possibility of another potential catalyst, being designated as a breakthrough drug by the FDA. That possibility, in addition to phase 3 NASH trials and a potential buyout or partnership could drive it much higher.
I'm long on GALT because of the science. The fact that it has solid finances for a biotech company and a billionaire CEO is a bonus as well, though. Biotech itself is a fairly speculative industry, since it relies a lot on scientific research to determine if a company is a good buy. It's not for everyone.
you're not gaurenteed to sell at your stop loss price, you know. it could be much lower
Jacob Foster
Pharma, aerospace, machinery, energy.
Isaiah Foster
Exactly.
David Davis
It's not just GALT, biotech itself is a different beast than most other sectors of the stock market. Developing new drugs and treatments for diseases is an expensive and lengthy process, and most small biotech companies operate at a loss during the initial speculative stage when they're proving that their product works. With biotech, a company either proves its science is good and it spikes massively on catalysts like promising data and study results, or bombs massively (like LCI did) on bad results.
I'm really new to trading so I'm going to be asking alot of dumb questions. Just a forewarning.
Why do some companies have shares that were worth hundreds or thousands but are now penny stocks? How does that happen? And will they ever return to those peaks again?
Nolan Long
LCI went down because it lost a supplier, not because of bad results. Either way, the point is that biotech companies can either spike massively and drop massively on important news.
Speculation, whats hot today is dead tomorrow. Your question leads straight to the concept of how to value a company. Long story short there is intrinsic value to a company (its assets) then there is the speculation part.
You’re more than likely looking at a stock that has reverse split in the past, if you’re using robinhood the chart makes it look like they used to be 100k plus a share sometimes. Basically the value of the company dropped so low they consolidated multiple shares together into one, sometimes in the hundreds. That is generally a bad sign for a company’s financial health, but not always.
TQQQ isn’t really a company, it’s a leveraged ETF. Look these terms up on investopedia, it’s not hard.
Nolan Richardson
I've got 500 shares of F to ride out some dividends while the stock rises to a decent selling point, but I've got a couple of thousand to blow elsewhere. Who has dividens that will be my best fren?
David Howard
NUUUU ME NO WANT DRINK RED DAY NUUUUU
have already finished it kek am enjoy trying for figure out all the silly Japanese mannerisms what make this hot it happen in high society and everyone just watches expecting her commit suicide
Tried experimenting with how my portfolio would look like if i went all in and reinvested my divideds into GAIN for a year. I make a lot of assumptions in this experiement because nobody has a crystal ball. The price i used throughout the year was 12.50, and my starting portfolio value was $4750. This also assumes im dumping 1k a month into my portfolio plus reinvesting the dividends.
This is why we use stops with limits and trailing stops.
Easton Barnes
>weed and tech, both of which are pretty overpriced just look for cheaper tech imo. Yeah FAANG shit is pretty fucking gross rn but there’s shit out there with good entry points.
This is the last time i'm going to give you guys the heads up. Buy ECR tomorrow, or miss out on good gains.
Eli Powell
I bought 500 at close. Is that enough?
Charles Thomas
Can /smg/ redpill me on investing in biotech? There's a lot of money to be made, but I don't want to enter unless I'm sure it's an investment, not speculation.
To some extent. But let's not lump together companies that show steady 3% growth year after year and have a clean record with debt together with companies that are pure hype and no real track record to speak of.
Benjamin Watson
just buy $IBB if you want exposure, it's the index.
Angel Campbell
Why just GAIN? I'm actually looking at putting some money into it myself, so I don't have anything against it. But there are other monthly high dividend stocks to choose from, if that's what you're after. Even just including the other Gladstone companies (GOOD, GLAD) would at least give you a little protection from GAIN totally shitting the bed.
Just curious on your thinking here.
Brayden Gutierrez
this is why you sell when you can, not when you have to.
Cameron Lee
IBB is a shit. Compare it to TQQQ and you will see the better product
Jayden Martinez
>aggressive tech index is hotter than biotech index wow no way
Today I bought into the riv ipo hype for $100. Should, I cut my losses or bag hold?
Bentley Scott
At what point do you stop feeling like a degenerate gambler and start feeling like some rich dude who just buys stock as a hobby? Every time I buy a stock I feel like I'm betting on a horse race.
Caleb Richardson
levered ETFs are for trading, not holding. look at the historical charts of FAZ/FAS. the daily resets, derivative slippage, etc. makes these very risky products for a long term hold.
Matthew Lewis
Hard to argue with that.
Sebastian Rivera
Never.
The super rich guys lose money all the time, they just have so much of it that they make money elsewhere.
That and they have people who's job it is is to sit and monitor their stocks all day for them.
If you don't come in with millions already you're always gambling, basically, unless you put all your money in the indexes or something.
David Reyes
Value investing like Buffet does. He shares his strategy and information freely since he began investing. Most people are just too lazy to do it. It's the only way to guarantee growing investments without insider trading knowledge.
Easton Smith
Look at the preformance of TQQQ not FAZ you absolute mong. People who don't buy TQQQ are brainlets and COPE because they don't want to admit they get BTFO by the market every. single. time.
Michael Lopez
Brainlets who think they can out preform the market use FUD to justify their stupidity. They also try to divert your attention to other ETFs, which are retarded. Focus on the TQQQ. Only buy TQQQ
Warren buffet recommends 90% in S&P 500 and 10% in bonds for the average investor.
Easton Hall
if you ever get the chance to manage big boy money instead of a 5 figure account no one gives a shit about, it'd be wise to take risk into account.
Liam Myers
>risk lmao pussy all in TQQQ. There is no risk in holding TQQQ because the market will go up forever
Nathan Baker
seriously considering dumping $1200 into this. Tell me why its a terrible idea.
Nicholas Cruz
Sure but he'd be talking about the average person building an investment portfolio. People are savvy enough to work for their future but not someone who is looking to effectively make a career from investment.
And if you're buying shares from individual companies hoping to outperform an index fund but struggle with the risk then I'd suggest learning about value investing and spend your time doing the arduous research but be confident that your portfolio will grow.
Matthew Campbell
why
Logan Brown
you can literally go to the trading floors in new york
Adam Jackson
I dunno. The company has decent financials and consistently surprises on EPS, so if 1200 is like 3% of your portfolio then go right ahead.
I wouldn't put more than I could afford to lose in it, though.
Lucas Reed
I bought 1800 shares just before the market closed after I saw user shilling it. Looks like a decent gamble.
Camden Nelson
either way, even if the stock only goes up by less than a dollar it would still be a profit over all, if you invest enough.
Julian Stewart
I know you're lying but if you did you would be a happy man in the near future.
