The Rokslide Stock Traders Thread

[safarihunter]

Edit: Who knows man, all stocks are just casino bets at this point.

Fair enough assessment . And the rest of your explanation makes a decent bit of sense as well.

 

[Broomd]

Anyone have any insight into GTE lately? It basically held steady for a while around $1.30, now has been on a downward trend since mid November. But everything I read about it is still positive

Gran Tierra Energy Inc. Provides Operational and Financial Update

Ecuador Exploration: Charapa Norte-1 Well Producing at Average Rate of 1,188 BOPDColombia Exploration: Rose-1 Well Producing at Average Rate of 305 BOPDBought Back 15 Million Gran Tierra Shares of Common Stock for $20 Million Since September 1, 2022 CALGARY, Alberta, Dec. 05, 2022 (GLOBE...

finance.yahoo.com

Some strikes against them with the communist tool they elected there in Colombia this year, GTE is a Canadian Co, but they are dealing with a corrupt Marxist regime in a batch!t crazy country that thrives on Green crap, protests etc. They are also paying insane tax royalties for working there.
Look at the chief source of national income last year--cocaine (again)--and yes, it's still 'illegal' and it's obvious things aren't ideal.

That said, I'm still bullish/long with GTE, picked up another 20K shares this week. Holding 50k now. I had sold some last March for profit.

 

[eddielasvegas]

Some strikes against them with the communist tool they elected there in Colombia this year, GTE is a Canadian Co, but they are dealing with a corrupt Marxist regime in a batch!t crazy country that thrives on Green crap, protests etc. They are also paying insane tax royalties for working there.
Look at the chief source of national income last year--cocaine (again)--and yes, it's still 'illegal' and it's obvious things aren't ideal.

That said, I'm still bullish/long with GTE, picked up another 20K shares this week. Holding 50k now. I had sold some last March for profit.

GTE down 9% today so I hope you bought at the end of today and not Mon. or Tue.

What's your take on the most likely outcome for this company? Bought by a big player or posting amazing growth and profits that the stock will become a 10 bagger?

I'm adding to my watch list and might backup the Miata if it drops a little more.


Eddie

 

[Broomd]

Bought GTE Tuesday, Wednesday and Thursday for a total of 20k shares added to my 30k shares.
Honestly going to set a sell price of $2 and will ignore it. If/when she hits $1.45 I'll watch more intently.
Don't have much to offer than it's a company pulling 34,000bpd out of Colombian soil at a time when the resource is increasingly valuable. In spite of the political climate there I think it's way undervalued. My .02.

In other news just came from our St. Maries IGA where iceberg lettuce is $6 a f*^#ing head. 5lbs of Carrots are $7. FJB.

 

[aftriathlete]

I don't think O&G stocks have a ton of downside risk from here, but they could go down more considering they had kind of detached from tracking neatly with the price of crude in the last couple months as the institutional investors flooded in (greed never lasts). So the O&G stocks are above where they typically are relative to the crude price and have some room to correct back down to the crude price. That said, seems to me like the price of crude has a de facto floor in place between what our administration has said about purchasing price to refill the SPR (if that ever happens), and more importantly OPEC ain't gonna let the price per barrel go down much further from here.

 

[aftriathlete]

JPMorgan’s Kolanovic: Sell Oil Stocks Now | OilPrice.com

Investors should use the divergence in the performance of oil stocks and crude oil so far this year to sell energy stocks in the near term, Marko Kolanovic, JPMorgan’s chief global market strategist, says

oilprice.com

 

[Muddler]

Looks like the Atlas guys are in trouble.

Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.

www.justice.gov

SEC.gov | SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter

www.sec.gov

 

[Crowmangler]

Looks like the Atlas guys are in trouble.

Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.

www.justice.gov

SEC.gov | SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter

www.sec.gov

They're gonna find out what the prison definition of "pump & dump" is

 

[N.ID7803]

Small world @Broomd. I'm from Rose Lake, work in St. Maries. IGA just took me for $10 Velveeta!

 

[Broomd]

Small world @Broomd. I'm from Rose Lake, work in St. Maries. IGA just took me for $10 Velveeta!

Yikes broham, takin' your real cheese for fake cheese! That IGA's prices are brutal right now.
But, thankful they are there overall., 24/7 no less.

Going to ice fish up there by you...prob Friday.

 

[Broomd]

Looks like the Atlas guys are in trouble.

Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed yesterday charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.

www.justice.gov

SEC.gov | SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter

www.sec.gov

These guys cost many of us A LOT of money. "Zack Morris" in particular. If you lost kwan in the OTC market last year, you can probably thank these creeps. Hope they get the **** kicked out of them.

 

[Muddler]

These guys cost many of us A LOT of money. "Zack Morris" in particular. If you lost kwan in the OTC market last year, you can probably thank these creeps. Hope they get the **** kicked out of them.

Yeah they smoked a lot of people and joked about it. Glad I eventually wised up and moved on from small caps

 

[aftriathlete]

Had some SQQQ I sold out of today. Too much volatility and time decay with the leverage for me, and my entry point wasn't low enough for my risk tolerance, so when I got back to my entry price today after a month of being down I dumped it. With the way things are the NASDAQ could be up 400 points tomorrow just because it was down 400 today, but I'm not convinced I'm gonna get back in the short ETF game anyway. Things are too stupid right now to say for sure what's gonna happen. Stocks just aren't going down the way all the top strategists for the big trillion dollar companies are saying they should.

 

[ResearchinStuff]

all the headlines tuesday were about things skyrocketing if CPI came in cooler than expected. well, it did, and stocks have dropped across the board. nothing makes sense right now.

 

[southLA]

Hit our heads on the weekly trendline. Look out below.

 

[svivian]

How is everyone feeling about this morning?

I'm trying to figure out when to get back in on google and Amazon since I sold back in early December of Last year. I also see PR is down this morning quite a bit, anyone jumping in on some extra shares of that?

 

[PNW bow hunter]

On January 1st of this year I started a college fund for my daughter, a personal brokerage account to invest in, and a simple IRA account.

The college fund, I had to put a pretty good chunk in day one when I opened it at the peak of the market. After that first chunks automatic contributions. Loosing money on this account.

The simple IRA I’ve been contributing on the big dips since June and maxed it out.
I’ve been doing the same with my personal brokerage account. Putting all the money in both of these accounts in VTI. Barely ahead for the year on these two accounts. These are all long term investments.

I’ve got about half of what I wanted to put into my brokerage personal account.
So this last few days definitely has me wondering if I should put it in now, or wait to see if there’s some more downside in 2023.

 

[eddielasvegas]

How is everyone feeling about this morning?

I'm trying to figure out when to get back in on google and Amazon since I sold back in early December of Last year. I also see PR is down this morning quite a bit, anyone jumping in on some extra shares of that?

The mkts are a roller coaster for sure and I think there is more pain comin' in the next few months so I have my short list that I am watching and will jump in when the price is right.

TSLA @ $124. Low 100's and I am a buyer.

PR @ $8.80. Low-sih 6's and I am a buyer. Might not get there but I know some on my watch list will.

AMZN @ $83. Hard to imagine buying here is bad if your time horizon is 3-5 years, but given my above pain comment, I think a drop of ~10% is possible so I'll be patient.

GOOGL @$87. Around $80/sh and I am in. Same comments as AMZN.

BABA @$87. Same sentiments as AMZN and GOOGL.

I have other quality companies on my watch list, but these are a few, with comments, that I like.

I'm just a propeller head IT guy giving my 2 cents and this is not financial advice.


Eddie

P.S. I am primarily an income investor given my age, so here are a few companies on that short list: PRU, TROW, WDS, BHP, VZ and GILD.

 

[svivian]

The mkts are a roller coaster for sure and I think there is more pain comin' in the next few months so I have my short list that I am watching and will jump in when the price is right.

TSLA @ $124. Low 100's and I am a buyer.

PR @ $8.80. Low-sih 6's and I am a buyer. Might not get there but I know some on my watch list will.

AMZN @ $83. Hard to imagine buying here is bad if your time horizon is 3-5 years, but given my above pain comment, I think a drop of ~10% is possible so I'll be patient.

GOOGL @$87. Around $80/sh and I am in. Same comments as AMZN.

BABA @$87. Same sentiments as AMZN and GOOGL.

I have other quality companies on my watch list, but these are a few, with comments, that I like.

I'm just a propeller head IT guy giving my 2 cents and this is not financial advice.


Eddie

I appreciate your thoughts! This confirms my own on the situation. If I make a bad buy I at least have time on my side for now.

 

[aftriathlete]

I think we still go down from here. At an absolute minimum the S&P 500 gets back down to its lows from earlier in the year, which was 35-something. I think it's unlikely it stops there, but that's the point that I start to actually watch and get interested. Most of the big prognosticators say 3000 is possible, which would be another 20% drop from now. NASDAQ/tech stocks probably a bigger percentage still considering they tend to make bigger moves than S&P stocks.

I see things through my own risk lens and my intent for my money (long-term retirement money vs. 3-5 years from now money to buy house/property), but I think I'll start dipping my toe back in the water broadly when S&P hits 3500. Might just do index funds, but will also consider individual names that the gubment won't let bankrupt if the share prices get down far enough. Willing to take higher risk with my retirement funds than I am with my 3-5 yrs from now money for sure.