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Ohhhhhh, SO close.
"OK, you guys convinced me. Order in for 1 share at $250."
And we hit $250.51, so your limit order at $250, like you said you put in, never executed. SOOOOOOOO close, and yet you missed it. Up HUGE today, with more to come, and you missed it by half a point.
Bummer for you.
"but this stock is driving me nuts."
ME TOO!
lol. OKay, have a good week and enjoy the weekend. next week is earnings for this puppy ...
Did you type this wrong? "(Disclaimer: Yes, I own 200k shares of this and I'm tired of having to average down & watch this for 8 hours on a daily basis.)"
That's $65 million worth of this stock if you have a higher average like you say. Something tells me you don't have $65 million in this company. Was that a booboo??
Better news than that is the acquisition a few weeks ago that will immediately increase their revenues FIVE FOLD. Lots of good happening here that is not yet showing up in the numbers (but will) nor the price (but WILL)
Any updates on our test results?
Since I'm holding long term, I see no need to talk about it on a daily basis. That may be why some of us are quiet.
By the way, with the weekly options now out, I can write a LOT higher than the current price for about $2 per share per week right now. Heck, if it doesn't go up, I earn $2. Every week. that's about $100 a year, on a 4300 stock. 33% in cash flow just from writing calls that say I'd be willing to sell if it went up a bunch. To me, that's not being greedy but still getting a pretty good return on my money. I don't play the momo plays that jump 200% in an hour, but then crash again. Too much gambling. But playing stocks like this, with the cash flow? That I can do. And if it goes down? I still got $100 in cash flow from it, constantly lowering my net actual price in per share. Heck, if it hit $250 a year from now, I'd still be UP on my shares, even with the price down. Thanks to the covered calls.
YOu should look into it. Makes it impossible to make 100% in a month, but sure helps on stocks you wish to hold long term.
new products within the old line, a new acquisition for a new line and bigger sales on Amazon across the board.
I see this stock going MUCH higher when it finally gets some notice.
With a float of only ONE million shares, and an outstanding of only about 22 million? WAY easy for this to take off on just a LITTLE buying. Some day some whales will see this and realize even though it is not a penny per share the upside is huge just like their little ones they play that don't even have revenues, and the it will really take off.
I like this!!
tesla's earnings were up today. Higher than expected. revenue was up huge. Higher than expected. But the stock is trading down in after hours.
I expect the same thing for COIN. Higher revenues, higher earnings, but maybe a one day decrease in price after the release. Maybe sell on news scenario.
Long term still bullish. Very bullish.
How so? What did he do now? Afraid to ask ...
Something weird happened to my screen just now for COIN.
Only for a few seconds. But still, the entire symbol turned colors on me. To this unique green colored letters. Green! So odd. Haven't seen green on this symbol for days and days. It didn't stay long, and now shows as the normal red as I type. But still, it was
GREEN!!!!
I really didn't expect this much of a dip. But, since I'm still bullish long term, and also now selling covered calls for income while waiting for it to go up in the future, I just bought my last purchase of COIN at $307.71. Just another 100 shares.
Still not happy it dipped as much as it did, but like the premiums, like the company, like the future, so I'm still here. At a loss currently, but still here. And intend to be for a while.
The options DO work wonderfully, as I hoped.
Example: Buy at $326. Write the May 350 calls for $17. Your net into the stock is then $309. If it goes up, yes you are limited and if it is over $350 you will be forced to sell at $350 in 4 weeks. But you go from $309 to $350, making $41 per share profit (13.26% in one month). But here is where it makes it worth limiting your upside.
If the stock remains the same as it is right now, at $326, you KEEP the $17 and the option expires. Your gain is 5.5% in one month and you can write the June options again, for more income.
The key is that by not being too greedy for a huge gain, you get great income. What if the stock goes down? Let's say it goes down to $290. If you just bought the stock at $326, you would be down $36 per share. If you wrote the option, you are down the $36, but you also keep the $17, so you are only down $19 per share. PLus you can write again, for maybe another $15, and keep lowering your net cost basis. It could go down from $326 to $290, and after writing the second option you are only down $4 per share. That's a hedge I like!
If it goes up to $360 and you think it is still going higher, you can buy back the option at $10 on the last day, and even though the stock went up from $326 to $360, you made the same $34 per share on the stock PLUS you can keep an additional $7 from the profit in the option - even though it went up!
Covered calls earn me about 40% a year, year in and year out. Even in down markets I come out okay. Granted, last March was a bad deal, but I was mostly on the sidelines. And no, you won't make 100% in a day, or 500% in 48 hours like some gambles or even the DODE coin, but it is steady, and on some stocks, like COIN, it makes great sense. IMHO.
Good luck to all of us in COIN. It may still go down short term, as it seems that way, but I like it long term and I'll buy and write options. Lowering my cost basis even if it goes down. Then, when it turns, I'll own at a lower price and even when it just gets back to my original breakeven point (at $334 right now) I'll be well ahead, from the profits kept each month. My $334 will go down by $16 points in four weeks, to $318, as I wrote the $370 calls this morning for $16. My breakeven will be $318. Even with the stock declining, I'll be up if it is at $324. Calls work for this stock.
You do realize this is a STOCK, don't you? Not a coin. You said you bought 10 coins, but in reality you bought 10 shares. And stocks have options, so this one will too. It may be called "COIN", but that is the symbol for the stock. You get that part?
I've been waiting for options. I have the feeling the premiums will be high with the volatility in the stock. Will write some covered calls well out of the money and use it as sorta a dividend. Keep changing the price as the stock changes. That will increase my overall return, and also allow me to buy more shares from time to time with the proceeds from the covered calls.
COOL. Really been waiting for the options to start.
" My Brother was a broker for Bear Sterns, he was getting me in and out daily on a ton of those. Well, ......not me, my wife’s account before we got married. LOL"
NOt sure I would advertise that. LOL.
I bought 75,000 more on Friday. But it only traded 146k, so it worries me that I did over half tge entire volume for the day (again). Wish we had more buyers.
Barrons said lots of good things about COIN. Then it started on the bearish things. Said that the biggest bearish thing is ... basically not applicable to COIN. HA. Even their bearish sumide turned into a bullish statement. They ended with a conclusion that this is digital gold. Awesome. They also showed that $600 per share would put it at the same times 2023 revenue as some others, so NOT out of reason. Overall, another wonderful article telling us that we need to buy and hold this winner, and not flip it for a 20% or so small gain. (Yes, I'm talking to me there. HOLD it, not sell for a small profit. Lol)
WOW.
Cramer said a few things that I think are important.
First, that he agrees with the $600 target price and thinks it will get there.
Second that the $250 number was pulled from a hat and shouldn't have even been put out there. It was too low and now important.
Third, that he looked at quarterly revenue and such and from that said the BASE for the stock to him was about $475. Then he repeated, that is the base.
Fourth, and most importantly ... that MANY institutions are going to buy this stock over the first few weeks because they want to show their investors that they know what crypto is. this is THE play for crypto, and many institutions will have to have this in order to sound relevant and informed to their shareholders. Therefore, he thinks the stock will be scooped up over the first month by institutions and held long term by them.
I'll repeat that last one. He thinks that institutions are going to be buying it for a MONTH after it opens, and shall scoop up MOST of the shares, taking them off the market, and the price shall go much higher because of this.
That's what I think too, and why even though I bought on the open and sold an hour later, I bought back in on the dip and shall HOLD this for a long ride. Hey, if a little doggie can go from a penny or two to 40 cents in a week, with no real reason to, then this could go a LOT higher than MY target of $600 - $700 per share. HOPEFULLY I'll still be an owner when it does. Hate my itchy trigger finger at times, but will try to hold this, as I think it is going up. A LOT. And will look at it in a MONTH, to see how high it got.
The bottom is in.
Sorry guys, but the $250 is not going to happen. This rise today will give people the confidence that they need to feel it has stopped its initial downward move, and will start moving up. that will dry up some buyers but moreso bring in some who are sitting on the sidelines. FB did the initial drop longer and more pronounced, but thanks to FB and others like it, people recognize that the price will go back up and WAY up, so this time they short circuited the downdraft.
The bottom is in. I give that an 85% assurance.
I hope they start trading options soon.
The premiums will be huge with this volume and movements, and I'll write short term out of the money calls over and over again. Hey, I only need to pick up a few points a week to make a good dividend over time. Can use the premiums to add a few shares weekly too, and each time I cross another 100 shares I get to write another option the next week.
Been doing that on a few other stocks for a few years, and only burned one time. (USO. Ouch. It hurt me) Most of the time it just gives me extra cash flow from the stocks as I hold, and sometimes if the stock goes up too fast it makes me sell, but still at a profit. (PLAY did that to me. I bought it back the next Monday, but a FEW times it jumped and was called away from me. Rode it from $11 to $45 though, over a year)
Waiting for options.
Back in. A whopping $64 cheaper than I sold as an average yesterday. So the one day trade out and back in worked.
Now?
Now I'm going to stay in until maybe about $600 per share. Maybe more if it looks good. I feel the market itself needs a drop, sot hat affects my thoughts on this, but I think this will hit towards $600 pretty quickly.
Only bought back 300 shares, as I used some of the money for another trade. But holding 300 shares and hoping for a nice bump over the next few weeks. (Just need to get away from that trigger finger. I sell too fast sometimes. ALthough yesterday it sure worked out to sell early)
"Who else got screwed and bought right at open?"
I bought at open. Disclosed it here. Then bought a little more on the way up. then sold, at a nice profit, not at the top but still well above the opening price.
I don't think everyone who bought at the open was screwed.
I'm out right now, but will be in soon and then stay in for the long run. I think it is going much higher over the next year. And I think you too will be at a profit. You didn't swap it out today, but I still think longer term you will do very well.
and out.
I want to own this long term, and believe we are going to $600 or more. But for today? took the profit and ran and will wait for it to settle some. hope I don't miss it. But for now, on the sidelines and nervous to be there. And make some good profits today. IN this one and one more.
I bought 500 at Etrade at $381. ON the open. Then another 100 at $400. So yes they are trading it.
OPEN $381
"Yea. E*TRADE won’t accept for me"
I've placed my orders through Etrade and then canceled and adjusted them a little higher. All with no problems. FYI
they need to just open it now and let it go as it will. It is doing that anyway, but while still private. the orders are piling in on both sides, so cut it off, price it, and let it open. right?
"If it drops to $100, I'm a buyer"
If it drops to $100, there is a major problem, and you would probably NOT want to buy. LOL. It would be a falling knife at that point.
Granted, i don't see it falling to $100, but hey - it's a crypto!
I moved some of mine up from $360 to $400. To hopefully get them if they open higher than $360. And if they open below $400 I still get the open price, not the higher $400 price.
This reminds me of the Ebay IPO. Waited and waited, and then it opened and jumped. Hoping to get some of these at the open, before the jump
the indication keeps going up. A good sign that it has interest and could spike after open.
The reason they pegged the price at $250 before trading started is because that is the price it was privately TRADING at during the first quarter.
man, I'd have loved to buy some privately for $250 a month ago. Should'a thought of that. No, i wouldn't sell today at the open for a quick profit, but hold on. Still, better to get a price of 4250 to hold on at than at today's opening. I think it will be well above that $250 level at opening.
Bitcoin is still rising in investors and price. therefore, this company should continue to rise in revenue and price. Eventually the bubble will burst for bitcoin (Some) and that is when to take profits. Not small profits taken today based on the opening day. Buy and hold.
Now let's see if it opens below $350 as many think. Or if it jumps to $400 for opening and then up from there.
watch the price of Bitcoin and Eth over time. As they rise, and as enthusiasm rises, this company will do more transactions and more revenue equals higher price. When the price of the coins starts to wane, time to sell this stock.
I think regardless of where it opens, if you buy and HOLD for a while, like 6 months, you will be well rewarded.
GHMP up 35% on the open. Acquisition announced today adds 500% revenue to the company. Which already is bringing in money as opposed to many who just have ideas and no revenue.
Watch this one for more acquisitions later in the year and a BOOMing stock price.
Float?? Under 2 million. Yep. Not 20 million. Not 200 million. Under 2 million.
GHMP has GREAT NEWS. Acquisition is done, and revenues will INSTANTLY go up 500% from this existing acquisition. With room to grow for both products. Company still growing, shares price still growing.
Float is less than 2 million total. Outstanding about 23 million. HUGE potential as they continue to expand. Float is LOCKED, so trades VERY thin and with this news should jump AGAIN. As it has done for past two years, going up and up and now over a $1!!
Yep. they finished the acquisition. And as to how big it is? Diamond Creek is about 5 TIMES the size of Good Hemp. So their revenue just went up 500% just like that! Plus the synergy between the two should increase both from here, so my guess (only guess) is that next year we do about 700% as much revenue as last year. NICE.
The shares outstanding is still SUPER low, the float is SUPER low (What? 2 million?? IF that!), and if this thing gets traction, it could be a HUGE winner. It's not a 1/4 of a penny priced stock, but still could see a moon shot type rise pretty easy. WITH revenue and a business, as opposed to those that jump on news with no revenue yet and no product yet. Just hype. Just need a few buyers and we are off to the races. As Bill said - pun intended.
Get some of your buddies to join you and I see this thing going to $3 pretty quickly. It went from $0.60 to $2.33 on ONE market order that was put in when it should have been a limit order. A little over 1 million TOTAL in the float, two new avenues for revenue, one already in many places and generating seven figures alone, and this thing should pop up next time and STAY there. BB needs to take a liking to this one. Maybe too high priced for him, but a real company with real products and real expansion happening right now. Not a 10 bagger, but we all need some solid 200% gainers per year too.
They closed on the Diamond Creek water acquisition. COOL!! Adds to their growing list of products on the market shelfs, and also adds the Diamond Creek sales team to their company.
This will add over $2 million in revenue to the company, plus Diamond Creek has been net profitable. I love that this company keeps growing, and doing it in related fields and not scattered all over the place.
They also do it as they can afford it, without adding craqzy debt to the books. This is a good buy. I expect yet another POP from GHMP on this acquisition news and moreso over time as we continue to grow this company. Good news for us!!
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On April 1, 2021, Good Hemp, Inc., a Nevada corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “MIPA”) with Kenneth M. Morgan, Blue Water & Rooster, Inc., and Creekside Springs, LLC (collectively the “Sellers”), pursuant to which the Company agreed to purchase (the “Acquisition”) all of the membership interests of Diamond Creek Group, LLC, a North Carolina limited liability company (“Diamond Creek”)
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Good Hemp (GHMP) buys diamond Creek water. Adds to their growing list of products on the market shelfs, and also adds the Diamond Creek sales team to their company.
This will ad over $2 million in revenue to the bottom line, plus Diamond Creek has been net profitable. Expect yet another POP from GHMP on this acquisition. Continues to steadily climb up in price, on low volume and under recognized. Float of only a little over 1 million shares. Total OS of less than 25 million. TIGHT, and tightly held, and ripe for a MASSIVE move.
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On April 1, 2021, Good Hemp, Inc., a Nevada corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “MIPA”) with Kenneth M. Morgan, Blue Water & Rooster, Inc., and Creekside Springs, LLC (collectively the “Sellers”), pursuant to which the Company agreed to purchase (the “Acquisition”) all of the membership interests of Diamond Creek Group, LLC, a North Carolina limited liability company (“Diamond Creek”)
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