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I revised my strategy... Now I have 20 CHK puts at 5.5$ strike, january 20th, 30 CHK calls at 6$ strike, January 20th, and 200 CHK calls at 9$ strike, Januarty 20th.
Also, thanks for your honesty
You've validated my initial conjecture about potential loss and the strategy that should be used to make money off the 9$ calls.. I plan on selling proportional to the increase of the value of the calls, and hope to be riding on house money at some point. I bet there's manipulation going on, but I think all stocks are subject to SOME manipulation. But since this is such a large market cap stock with heavy volume and a low price, doesn't that mean that it's immune to pumpers on websites such as this? I've always been genuinely curious, because if not... someone should tell all the posters who use colorful metaphors almost in a convincing manner to describe their "beliefs" about where the stock is going. For the record, I'm willing to lose all of the money I put in, because I believe that most times I want to make risky bets... and don't... i end up kicking myself because of opportunity cost.
What's that supposed to mean?
In hindsight I should have purchased CHK calls at 6$, with the equivalent amount of money I put in, sold it yesterday, and then put half of the money in to the 9$ CHK calls.
Everything about this year is novel. I can't wait to see what happens the 30th. Also there could be speculation that Trump might reverse the Iran deal, which would eliminate most if not all of the daily oil surplus. I think the 7.50 calls have a higher chance of paying out a pretty hefty sum of money. Still, I want to sell the 9 dollar calls off of high implied volatility (betting that even if the stock gets to only 7 dollars, the contracts will appreciate considerably). The reason I have the 9 dollar calls is because at that strike I was able to get 360 contracts at a price where they have not experienced that exponential increase due to close proximity of share price to strike price. I'm kind of new to options, do you think my strategy is somewhat sound? Aside from being concerned about stuff like whether or not oil goes up, or if CHK follows or not, I'm with whether or not there will be the kind of liquidity needed to sell the calls if the date gets too late.
How high do you think it can go? I purchased 360 CHK calls at a strike price of 9 dollars (January 20th). I'm hoping to sell them after the 30th, if they cut. Hoping the share price will get close to 9 at that point
That's about right... I bought in one day slowly, a few tens of thousands of shares a day. And than some days later I bought in at the higher price. If you divide the 20k USD by .15 USD/ 1 Share, you get the number of shares. But it won't be 136k because I didn't buy all my shares on the same day. Also it wasn't exactly 20k USD.
Oh, and I owned about 136k shares.
about 15.5 cents, and then about 16.8 cents. So I lost money on this recently. However, I made money on this before than.
thanks, you too friend.
Not long. The dollar volume on this stock is pretty high.
Yup. Sold most of it yesterday, the remaining today.
I got out today. Not that this isn't a company with a good story. I still believe the stock is going to go up. But I'd rather make some money until I know that the 50 DMA has moved close enough to the current price. Only then will I buy in, because I suspect if news doesn't come... this ticker could get wrecked...
where can i go to find sell/buy volume for an OTC stock?
Exactly. I'm glad you get me. This board is not the market, it's a small portion of the market. Besides, this conversation will be about 3 or 4 pages behind market open. Yeah, I get riding it regardless of if it's a P&D... but I actually like the story so far. So I really want to test it.
I argued them as possibilities. I did use facts, about the information that is out there for the public. Then I used my experience with previous P&D scams that I've either lost or gained on, and I argued that these possibilities are above a threshold of possibility such that they should not be ignored. Did you ever consider that maybe these P&D scams can get very very elaborate. A lot of work can go in to them, because the payoff can be fantastic for those involved. If you can make 2 mill off a scam, spending a significant amount of time working on your image is a no brainer. It may seem like "a lot of work, this just has to be real." Or that could be because they did a good job.
I showed a good perception and a bad perception. There's one general truth. Either this thing is a P&D or it's not. If it's a P&D, this board is probably not the only thing holding the price steady or making it skyrocket. So I'm ok with seeding legitimate doubt here, because the worst case is that some of you see it and panic sell. The best case is that someone calls me a retard, and destroys my line of questioning with legitimate arguments. I welcome that.
I'm in OWCP with 20k USD. Part of the reason is I can see that. But that just makes it more likely that it's not a P&D orchestrated by the company. It doesn't rule the possibility out completely.
What if an OWCP promoter is paying Medmar officials over 300k to pump the stock? Or if OWCP expends the 300k on Medmar owned products?
proof that there are 50 million "hidden"?
>100$/share
So OWCP is currently conducting clinical trials? Has there been any indication of when they will get the results? If that happens soon, this thing will literally +10bag. Disclaimer: I plan on owning OWCP soon
I lost money on priceline calls (bought them the day before a 5.2% decrease) ... if you don't mind me asking... how did you know to buy puts and how much did you spend on the transaction relative to the amount in your account as a percentage?
I actually think that the ads have been moderately unsuccessful at lobbying the product and the stock to both the consumer and the investor. First off, no offense to the product... but it has no sex appeal. It looks like dinosaur technology, and the ad lacked... zazz. The only charisma was in the panning of the camera and the lighting, none of which revealed anything that appeared to be aesthetically amazing. I don't know how many people watch CNBC for the ads in between the shows, but I have a hunch that that quantity pales in comparison to the number of people who avidly watch CNBC shows for stock picks. NXTID needs to get on a CNBC show with a body in a suit, and give the host of said show a reason to tout the product and the stock. Citing the degree that the product can be monetized (which is substantial imo). Then with such a low float people will be shoving the stock price sky high imo.
I like how your opinions are so clearly stated to be honest. Thanks bro
WOWWWW NXTD IS THE NXT NFLX! NXTD NXT AND NFLX HAVE N'S AND X'S IN THEM!! 20 DOLLARS HERE WE C--- nope. Obviously the kind of hype that these ads are producing is not producing the results you guys wanted. This was a buy the rumor sell the news type game, and a small one at that. When a CNBC SHOW picks up on it, that will be the time to play it. Until then, enjoy your -6.04%.
Enjoy your -2.68%. I got out yesterday.
I christen thee "Kong".
Monkey.
What's wrong with that post? I didn't end up posting results because I didn't end up getting my card again. I didn't make some ridiculous statement, I informed people on that board who were looking for confirmation from people in specific area codes in California that the site was real, of my intent to attempt to use pharmajanes. "Stay tuned!" was playful, not a metaphor or other literary device used to tout the stock.
You can't answer that question with a legitimate answer, and you know it. So you gave a generic answer which was probably based on your google search of "coin credit card specification" which conveniently pulled up a list of reasons Coin is in essence.. bad..
10 reasons --->>http://www.tomsguide.com/us/coin-card-security-nightmare,news-17871.html as the sec<<
Then you attacked my credibility by calling me lazy to tie any loose ends. When you have at least one reason why wocket is superior to coin, that hasn't been mentioned on this board. Please message me, otherwise you're just a waste of time.
what about the specs makes the coin junk compared to the Wocket?
(1) http://www.ibtimes.com/other-side-coin-battery-issues-security-concerns-all-one-credit-card-1510626 apparently, and the company website...
(2) https://onlycoin.com/support/faq/ "we were not able to fit a replaceable battery nor recharging components into this form factor...We must charge for each device to cover the costs of research and development, manufacturing, and support"
According to the CEO of NXTD (my source is the channel 3 news interview) the wocket will have charge for two years before needing replacement batteries. According to link (1), the COIN will need to be REPLACED every 2 years. The preorder price of 55 dollars will not last, it will be 100+5 dollars shipping according to the COIN website... That's a 52.5 dollar COIN recurring charge every year, compared to a one time payment of 100 dollars. It's a tough question to answer... First, there are a set of people who have the means to purchase, and will consider purchasing either product. These people might be at a crossroads between the two products, weighing the sleekness, function, and price of both products. Will this population of people care about an extra 52.5 dollars a year after the second year? Technology is constantly evolving... the fact that they have to pay extra to purchase the same technology (which may be inferior two years down the line to... say... a future popular smart phone platform that pervades markets and restaurants everywhere) might not bother them. Especially if they are people who believe that payment systems external to smartphones WILL be obsolete within the timeframe of two years. Honestly I have no clue man. I will say this though. With such a thin float, and low market cap... and with the exposure they will get within the next few days... I'm surprised the NXTD stock price is not higher. Will their product take off? who knows... There's a lot of speculation there...
And after some more DD I found out that coin is pre-ordering at 55 dollars a piece... That's 44.99 dollars less for a superior product. You know, i actually lied... I have 100 shares of NXTD. The only reason I'm posting here is because I want someone to tell me I'm wrong, and then prove that I'm wrong. Only then will I, and intelligent others who have read my concerns, be ok with purchasing more shares.
"By those standards, nxt should be trading 20$" <--- A gross exaggeration... Just because the wocket is better than the machine in that video, doesn't mean that all of the sudden the stock should 5 fold.
No.
damn are all those monitors a part of your setup or did you just find that pic on the net? If it is how much did the monitors cost?