The Rokslide Stock Traders Thread

[TX_Diver]

Had to go back and look. Looks like the rollover happened in September of 2021. So VWENX was mid $80s at the time, TRRNX was around $21, etc.

Not really convenient for tracking overall growth when everything resets...

 

[Beendare]

I look at the top gainers and just about every day there is some obscure penny stock that up between 100%- 300% and I think dang, why didn't I jump on that?

Then I do a little research and its;
1) some phase 1 drug trial that looks promising...and its going to be 3 more trials over a decade before they even have a drug.....and thats still a big maybe.

2) some quantum computing company [there are hundreds of them] whose quantum computer was faster than some mega terabyte unit.......but they don't tell you how unstable the thing is and it cannot be relied on to store any kind of important data...which is pretty much what any of the Fortune 500 companies have to have- stability and thats a long ways off for Quantum.

Then I think, No way I would have rolled the dice and put serious money in one of those dink companies........But I keep looking....

 

[Andrew12gauge]

I don't see anyway in which Tesla is not completely cooked. If you were to toss out factors such as expired EV credits and the sudden decline in international sales (not to mention the reputation of the brand itself which is probably not coming back from recent events), how expensive it is the insure a Tesla in the US (not often mentioned), the failed self driving initiative, the existing 37 recalls on the model recently showcased at the white house, etc, you might still consider that Musk has a unknown amount but reported "significant" amount of Tesla shares leveraged as collateral. He borrowed about 13 billion to buy X. If the Tesla stock prices go low enough, the banks could force Musk to sell his shares. Seeing that Musk owns 12.8 percent of the company stake, depending on how many shares Musk were forced to sale to cover his personal loans, could be the nail in the coffin for this company. And that is in addition to the general climate of overvaluation of Tesla stock.

Of course, that could just lead to a short term windfall for Tesla and it could be the case that the company being seperated from Musk may benefit the company long term, IF there is even a long term. Practically speaking, a certain percentage of Americans with a certain political persuasion aren't going to buy more Teslas anytime soon to any significant extent. Practically speaking, other Americans of a certain political persuasion have not purchased Teslas or any other EVs in the past to any significant extent. In some sense, the consumer group who could "save" Tesla would have to change their minds on EVs, be willing to suck up high insurance costs and potentially risk vandalism all out of a philosophical imperative to drive a vehicle that they, so far, have made clear that they have no intention of driving.

I'm sure there are some folks who will make money of the current climate of Tesla. I dumped my Tesla stock back in January out of philosophical imperative at a 58% profit and won't ever buy it again. That's me, that's my perspective. You do you.

But Tesla isn’t just a car company, I mean they own spacex and Twitter too right *Sarcasm


Sent from my iPhone using Tapatalk

 

[intunegp]

I look at the top gainers and just about every day there is some obscure penny stock that up between 100%- 300% and I think dang, why didn't I jump on that?

Then I do a little research and its;
1) some phase 1 drug trial that looks promising...and its going to be 3 more trials over a decade before they even have a drug.....and thats still a big maybe.

2) some quantum computing company [there are hundreds of them] whose quantum computer was faster than some mega terabyte unit.......but they don't tell you how unstable the thing is and it cannot be relied on to store any kind of important data...which is pretty much what any of the Fortune 500 companies have to have- stability and thats a long ways off for Quantum.

Then I think, No way I would have rolled the dice and put serious money in one of those dink companies........But I keep looking....

There's money to be made but you have to have ice in your veins. I made close to $10k (500%+ return) on a biotech penny a couple years ago, and instead of taking my profit and being happy with that I bought back in and what turned out to be just about the all time high for that stock. Held on to hope and rode it all the way down because I still had some sliver of belief in the product but it has done nothing but go down. I still own it, and the -99.99% position with a cost basis of $9k and a market value of $1.15 is my daily reminder not to get greedy and cut my losses when common sense says I should.

 

[go_deep]

There's money to be made but you have to have ice in your veins. I made close to $10k (500%+ return) on a biotech penny a couple years ago, and instead of taking my profit and being happy with that I bought back in and what turned out to be just about the all time high for that stock. Held on to hope and rode it all the way down because I still had some sliver of belief in the product but it has done nothing but go down. I still own it, and the -99.99% position with a cost basis of $9k and a market value of $1.15 is my daily reminder not to get greedy and cut my losses when common sense says I should.

Yeah, dropped about $3k into a penny stock a few years ago, went up to about $16k, thought, it's going to the moon! After a couple years now it doesn't even sell a single share mist months, I sold it last December for a $3k loss for a tax right off...