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I did some research...earnings exceeded expectations but Q3 guidance showed a significant reduction in revenues. So bounce could go either way but probably won't see it make up all the ground it lost.
Could still be profitable if we time it right
AAOI
Add this to your watch lists...my grandpa messaged me about it this morning. Earnings beat the analysts projections I guess (I haven't researched it) and he expected a nice jump in price. Instead it freaking collapsed...35% drop by close and still looks to be in falling mode.
Might be a good idea to see what kind of bad news struck that he may be missing, but if this thing rebounds and builds an STP, it could be a very nice money maker. The big questions are, what caused the freefall today and when will it bottom...
Like Sam mentioned, buying puts is nearly identical to buying calls with the only difference being that you're betting on the stock price to go down...so if you want to buy a strike that's out of the money, you want to buy one with a strike price LOWER than the current share price, as compared to a call where you'd buy one that's higher. The bid/ask works the same way as with calls and the price fluctuations are similar except you're making money on the share price dropping.
ie.
If "ABCD" was trading at $10.25 currently and you wanted to buy an OTM put on it, you'd probably shoot for a $10 put, whereas if you were buying a call, you'd probably be aiming for a $10.50 call.
Make sense?
RAD's doing the doji dance again...
I agree...like I mentioned last night, I think I got overconfident with my 126% week and the FOMO hit me. Gotta nip that in the bud...
I can read the charts pretty decently, but my timing on buys/sells seems to be horrible.
While losing money is never fun, I must say that nothing teaches a more solid lesson than seeing real money lost. Paper trading is good for learning how to win. Losing real money is good for learning how NOT to lose. lol
Ouch...that sucks!
I am hoping for it...$3 would be wonderful. I've got 50 calls expiring tomorrow that never produced for me. Got some $2.50 and $3 calls further out to hopefully make up for my losses lately. Otherwise I'll be going back to paper trading until I build up some more cash. Not that it would be a bad idea anyway...obviously my strategies have been spotty and paper trading would do me some good.
Been focusing more on work this week too...ever since my gf and I split up, I've been in a funk. Trying to work things out with her, but the funk is still lingering over me. Not a huge deal but rent is due and I've been working less, making bills tight. Gotta remedy that. LOL
I sold most of what I had expiring this week and dumped it into $2.50 and $3 RAD calls for Sept 15...still have 50 $3 RAD calls for Friday...would love to see this thing fly before then but not holding my breath.
I would be game for something like that as well...sorry so quiet. I'm still reading and watching the charts. Just out of money and busy at work. lol
hahaha....I started a group for my friends on Facebook to help pass on this knowledge without flooding this board with new folks. I know the feeling lol
Once I get them up to speed, THEN I'll get them to join us here
Same boat here...I have calls in RAD, GE, SLV and GDX. Many are red though. The week is still young however so we'll see how it ends.
I suspect a hostile takeover is in process...just wonder if the shareholders would benefit from something like that?
Say if Amazon comes in and slowly accumulates shares until they have soaked up the voting majority...would the stock spike over news like that or would the market just have a "meh" reaction?
I hope so...I've got SLV and GDX calls. Almost bought some VXX calls this am expecting a nice bounce up here soon with all the crazy stuff going on lately. Glad I decided not to be a glutton for punishment as it gapped down first thing.
My buddy drag races cars in the Nostalgia league...his grandpa just raced again for the first time in 40 years and did really well his first race back. Came in runner up I think.
Dang, I've got 10 @ .21 from Friday
That bites...sorry to hear. The best way to look at a tragedy like that is to realize they died doing something they loved. If only we could all be so fortunate.
Gonna sit back and watch this one...got money but it's locked up til Wednesday so I can't flip :(
I think it's a great idea...love the group we have here. Everybody is willing to learn and not just looking for freebies. Perfect example of that saying, "Give a man a fish, you feed him for a day. Teach a man to fish, and you feed him for a lifetime."
Yep, PGPM ended up halted and is now trading on the grey market...pumpers are still there talking about all the potential it has but I'm a numbers guy and statistically, 99% of all grey market stocks die there.
I figured a steak dinner was better than money left in a dead stock... bought $3500 worth of stock, sold for $84. *tssss*
Unfortunately, I was limited by my account balance so I was unable to join in on those.
It'll be soooo nice when I get a balance built back up. Still feeling the effects of that $3400 PGPM loss :(
Ditto... between $2.50 and $3 RAD calls, I had 65 for this week expire worthless.
Got 50 more for next week...whoever is slowly accumulating needs to show their cards before Friday so I can make that money back.
It's been a while since I've done computer work so take this with a grain of salt...once upon a time, my buddy and I owned a computer repair shop together, but that was when I was young and dumb. lol
I would first see if you can update your USB drivers. Might be a simple fix like that. There's also a way somehow in older versions of Windows (no idea with Windows 10 as I rarely mess with it) where you can disable automatic reboots when you get the BSOD. Might be able to Google how to do it with Windows 10. Then it will just freeze on that screen until you manually shut the computer off (unplug it or hold in the power button).
Only 10 million... roughly an hour ago
Only got the $26s to average down what I already had...lol
I bailed. My loss I know but I'm not going to keep getting snowballed here with bullshit excuses.
My fear is if I hold for a run, the jackasses running IHSI will kill the run just as soon as they spark it and I'll still be stuck holding 1s. So I'll just take my money and move along.
Best of luck to you all...I hope it runs soon so you can all prosper.
Not sure if this is going to be a smart decision, but I picked up some $25.50 and $26 GE calls for next week as well as some $23 GDX calls...this time left a little money in my account so I can average down if need be or so I don't miss out on any good plays we find next week.
Holy crap...they must have dropped some phenomenal news!
Are you guys running scans with the stockcharts $25/mo plan?
...might have to upgrade soon...lol
Are they hand drawing it? Geeze...
This sure has yet to be a "banner week"...
As contractors, they can also be the licensed installers.
RAD, to quote The Fast & the Furious....
"Too soon, junior."
Lost steam.
RAD, ADX2 just crossed positive... waiting on 5 and 14 to follow, SAR is about to flip and waiting for CCI20 confirmation. Looking good if it can get some OOOMPH behind it.
Check out Trix on RAD...looks like it's trying to make a move?
Ugh, just woke up, myself...my brain is turning into scrambled eggs. Long story. RAD looks to be pinching nicely today...let's see if it can knock the SAR down and make a move this time around.
If that's the case, we very well may see the website come online tonight...that way if there are any major glitches, they can debug them during the evening/nighttime hours so it's good to go tomorrow morning. Just a hunch...as a former web developer, it's what I would do.
RAD's got the dancing candles going on yet again...such a weird one as of lately...
RAD's got the dancing candles going on yet again...such a weird one as of lately...
That or they saw the emails where he referred to their news prices as blackmail...lmao
I'm not having issues (I keep it in my ihub favorites list) aside from the ticker not loading...but it does seem extremely suspicious, if not borderline illegal (if it's not just some weird glitch).