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re: Stocks on your watch list

Posted on 6/19/20 at 5:52 am to
Posted by GEAUXmedic
Premium Member
Member since Nov 2011
42053 posts
Posted on 6/19/20 at 5:52 am to
As expected BYFC up 150% PM
Posted by djrunner
Baton Rouge
Member since Jun 2010
5592 posts
Posted on 6/19/20 at 6:20 am to
So guys, what am I looking for in IDEX today. I bought 1000 shares yesterday and am about even but I am not a seasoned trader especially these quick in and out stocks. What is the ceiling for this one? Is anyone getting out today before Monday depending on what it might do before the meeting?
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 6/19/20 at 6:42 am to
I am watching VRM today.
if it peeks above 50 I’m going to go in

hugely profitable company with miles to go. I’m not sure why it hasn’t busted out yet
Posted by castorinho
13623 posts
Member since Nov 2010
87432 posts
Posted on 6/19/20 at 6:43 am to
This juneteenth movement is real.

The market never seems to amaze me.

Don't get caught up there people.
Posted by GEAUXmedic
Premium Member
Member since Nov 2011
42053 posts
Posted on 6/19/20 at 7:08 am to
You should see the people like "If you profit off of BYFC today you should donate it all to a BLM organization."

Nah, frick that. I'm here to make money.
Posted by reds on reds on reds
Member since Sep 2013
4948 posts
Posted on 6/19/20 at 7:15 am to
quote:

NET!
FSLY!!!
LVGO!
DDOG!!
TDOC!






Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/19/20 at 7:20 am to
quote:

hugely profitable company with miles to go. I’m not sure why it hasn’t busted out yet


According to Vroom’s prospectus, the company lost $143 million in 2019 and $41.1 million in the first quarter, compared with losses of $85.2 million for 2018 and $27.1 million in the first quarter of 2019.

The company has never been profitable since its start in 2012, its dividends are nowhere in sight, and its losses have piled up.


VRM
This post was edited on 6/19/20 at 7:55 am
Posted by poncho villa
DALLAS
Member since Jul 2010
19109 posts
Posted on 6/19/20 at 7:36 am to
I'll day trade it today. if I get a good % then I'll sell and wait for it to drop down again. I've noticed over the past few days IDEX stock dramatically rises around 830am and then falls back down to earth after lunch.
Posted by GEAUXmedic
Premium Member
Member since Nov 2011
42053 posts
Posted on 6/19/20 at 7:45 am to
Etrade and TD are preventing people from buying BYFC.
Posted by djrunner
Baton Rouge
Member since Jun 2010
5592 posts
Posted on 6/19/20 at 7:49 am to
quote:

I am watching VRM today.
if it peeks above 50 I’m going to go in

hugely profitable company with miles to go. I’m not sure why it hasn’t busted out yet




So I understand, you are waiting for it to get to 50?? I'm seeing it at 45ish right now and I don't think I understood you correctly. Can you explain your strategy in a little more detail? Trying to learn here sorry...
This post was edited on 6/19/20 at 7:53 am
Posted by djrunner
Baton Rouge
Member since Jun 2010
5592 posts
Posted on 6/19/20 at 7:52 am to
quote:

I'll day trade it today. if I get a good % then I'll sell and wait for it to drop down again. I've noticed over the past few days IDEX stock dramatically rises around 830am and then falls back down to earth after lunch.




Thanks for the info...Someone yesterday had suggested sitting on it until Monday because of an announcement and thought it would shoot up then. Trying to learn here but what is your play and what influences that decision if you don't mind me asking??
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/19/20 at 7:56 am to
quote:

So I understand, you are waiting for it to get to 50?? I'm seeing it at 45ish right now and I don't think I understood you correctly. Can you explain your strategy in a little more detail? Trying to learn here sorry...


Resistance is $45.70. Thinking is generally if it can plow through the resistance it will continue to rise. Not trying to speak for cgrand but that may be along the lines of his thinking.
This post was edited on 6/19/20 at 7:57 am
Posted by poncho villa
DALLAS
Member since Jul 2010
19109 posts
Posted on 6/19/20 at 8:06 am to
I'm going to sit on it until Monday as well. But if I see it shooting up again to 250 like it did yesterday I'm going to sell and then purchase it when it inevitably drops down again.
Posted by papz
Austin, TX
Member since Jul 2008
9382 posts
Posted on 6/19/20 at 8:08 am to
Depends how you feel about the stock. For me, I'm not selling until I see 3 at least. I think by the end of the year it can hit 6. I don't have some crazy price target as others trying to pump it up. I had the same reservations as some others did about them being a middle man when I bought the stock. But after they consolidated and started focusing on EV, I feel a lot more confident in them. They had their hand in too many pots.

With that said, you could have make a killing day trading this stock over the past few weeks. I'm comfortable holding this longer unless I need to move the money somewhere else. You can reap benefits either way.

Holding 10k @0.76
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 6/19/20 at 8:10 am to
quote:

Thinking is generally if it can plow through the resistance it will continue to rise

yes
i dont need to take on a risk right now.
if it goes above 50 i am thinking it will keep going

i think the IPO was 48 or so
This post was edited on 6/19/20 at 8:16 am
Posted by GEAUXmedic
Premium Member
Member since Nov 2011
42053 posts
Posted on 6/19/20 at 8:33 am to
BYFC Halted at 9:32 @ 4.75
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 6/19/20 at 8:34 am to
sticking with the V's...another i am watching is VMW.
no clue why it's been in a dip and hasnt reclaimed its highs like its peers
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/19/20 at 8:44 am to
MSFT hit a 52 week high. That said the announced the next ex-div date to be 8/19. Over the past 5 dividends MSFT has risen an average of 12.4% between announcement and ex-div, with a minimum of 2.3% and max of 25%. I already own a decent amount in my portfolio and can't justify adding more, although I still think it's a good buy.
Posted by poncho villa
DALLAS
Member since Jul 2010
19109 posts
Posted on 6/19/20 at 8:52 am to
I was in on MSFT at 192 earlier this week and switched my funds to IDEX from the TD tip
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/19/20 at 8:54 am to
Yeah, my average cost basis is $150. Kicking myself for not loading up when it dropped along with everything else due to COVID.
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