OS stock investing thread

[allBthere]

Re: OS stock investing thread

Is it allowed to ask What’s everyone’s favorite YouTube stock people are ? Since all of the buzz is on those kind of people now with these meme stocks

forget youtube is my advice for the most part. The chart guys is good though - but my advice to you would be to follow some credible winners on twitter and also reputable forums - like in canada I use CEO.ca and there are others. There are a lock of crappy ones though too, like ihub and stocktwits which should only be used for fun. I watch stocktwits in tickers i'm in only to see momentum/sentiment/volume - like when GME was mooning the thread couldn't keep up and it had like 100 comments every 10 seconds.

What you need to do is find companies you're interested in or a couple of sectors you think are poised to do well.

Right now you have EV (electric vehicles) and other 'green energy' stocks as well. But think about what goes into EV - you have a lot of copper and nickel (mining/junior mining/spot prices) and you have CPU/semi-conducter/AI etc. A totally different interest could be crypto and all that goes with that.

Noboby can guide you completely you need to be drawn to something as there are too many companies and people that are hoping to jump from squeeze to squeeze most will just end up broke. Don't fomo your life savings.

I traded GME a few times, but my core positions are in mining since I've had access to knowledge of that sector because of my previous work. I do jump in thing of interest as well as I had SPCE early at 11 and sold at 37 a long time ago among other winners and losers. as BLZER mentioned I was in RKT as well and I still think it will do well but I'm not currently in it.

I would suggest the forum thing and lurk and see what you can pick up by watching, learning and reading. Youtube is just too slow to get knowledge in the immediate term unless you're looking to learn a new skill like reading charts or something rather than getting 'tips' or 'ideas' lol

edit; there are many subreddits as well besides wallstreetbets that are worth a look too

[NoleFan]

Re: OS stock investing thread

I would suggest the forum thing and lurk and see what you can pick up by watching, learning and reading. Youtube is just too slow to get knowledge in the immediate term unless you're looking to learn a new skill like reading charts or something rather than getting 'tips' or 'ideas' lol

Learning to read charts is the main thing I was focused on. I especially like “The Strat” by a guy named Rob Smith. Patterns and signals are simple and you don’t necessarily need to scour news sources. You're basically following price action. That’s my type of thing because I can’t stare at the charts all day with my FT job.

[allBthere]

Re: OS stock investing thread

Dan of the Chart Guys "charting man dan" is a good resource. I've met him and he's a really cool dude too. Total hippee to the core but realized he could gain his financial freedom learning the markets and now teaches the tools needed to trade a certain way. They have a youtube channel worth a look, also a paid subscription but I can't comment on that as I've never used it.

[Blzer]

Re: OS stock investing thread

If you're into the meme stock look (specifically AMC), Trey's Trades is where to go. He has a great combination of providing educational entertainment, or entertaining education. He knows what he's talking about, does his research with technical analysis, provides best/worst-case scenarios, has strong convictions, etc. If you want in on AMC, this is what's on the table this week and this is what you should know:


<iframe width="560" height="315" src="https://www.youtube.com/embed/B68urJVWrek" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>



You want to really skip past someone like AndrewMoMoney unless you know what you're getting from him. He is a data scientist by name alone, but all he does is takes Reddit articles and reads them aloud on his videos. He is more interested in his hair, his dog (who is adorable), and his brand than providing any of his own due diligence or actually analyzing the charts. His live streams mostly just involve chatting with his subscribers, and he'll take snippets from his streams and upload them days later to make it all appear as "new." Very narcissistic and mediocre in comparison.

Matt Kohrs is streaming from bell-to-bell which is nice and he knows his stuff in finance, but can be too geeky for his own good and falls flat when it matters most (analyzing the intraday charts with more than plenary optimism). He's basically good at being biased and attracting people to the stock without spreading too much FUD. Pretty boring overall, though.

I love listening to Roensch Capital stuff after hours, though can get pretty repetitive and everything can always sound "glass half-full," like if the stock value is going up it's exactly what we want, but if it's going down it's "healthy for the stock long-term," things like that. Awesome voice, too.

I just got into ZipTrader, also. Very, very informative, and has a nice nerdy presentation to go alongside it. No charts, just reporting. To the point but with his own wry commentary applied. It's a good complement to everything else that you are watching. He's not just following the meme stocks though, so for the time being I'm only watching what's relevant to what I own and am skipping the rest, but he has good nightly postings.


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At any rate, because of the options set to expire this Friday, AMC could potentially have a massive week after this one. If it hits $145.01 at end-of-day on June 18th, I think it's game over and we're looking at the short squeeze after that. No reason to believe it will hit that though, but I'm just stating what would be the case.

[georgiafan]

Re: OS stock investing thread

Matt Kohrs is also a good one and he does live stream during the day. So its good to leave on in the background while you work. He like Trey was on the Fox news with the Payne guy lately.

[NoleFan]

Re: OS stock investing thread

Dan of the Chart Guys "charting man dan" is a good resource. I've met him and he's a really cool dude too. Total hippee to the core but realized he could gain his financial freedom learning the markets and now teaches the tools needed to trade a certain way. They have a youtube channel worth a look, also a paid subscription but I can't comment on that as I've never used it.

Thanks for the heads up. Just subbed to "TheChartGuys".

[Blzer]

Re: OS stock investing thread

Last month wanted to buy several shares by Tesla. But still I keep stumbling upon different predictions on the web about the coming stock exchange collapse there are so many points of view about that and all of them seem reasonable.

The two primary culprits of a possible collapse are:

1) Economic inflation. There is word that a result of this wouldn't occur until 2023 at the earliest, though I think it could be sooner (once the pandemic subsides).

2) The short squeeze of 'meme' stocks, particularly regarding AMC and GME which are heavily shorted right now. If margin calls happen for hedge funds, they will have to liquidate which means pulling out of their positions everywhere else, causing massive sell-offs. Though the earnings made by people would dump right back into the rest of the market, so it would essentially correct itself over time. This could potentially occur within the next couple of months.

My guess is a lot of people are going to invest in cryptocurrency during the correction. I don't even know how to invest in that with Fidelity, so I'll personally refrain and go back to index funds if I can profit off AMC and GME big time (I already have, but my long game predicts much larger riches than this).

[DocHolliday]

Re: OS stock investing thread

Weber BBQs going to IPO under ticker WEBR in a couple months. A good one to watch.


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[georgiafan]

Re: OS stock investing thread

The Pateron stock guy I signed up for has been the best thing I’ve did. I’m using that for day trades and its helped turned my attention off amc crashing. It looks like July vacation season is hurting volume.

[Blzer]

Re: OS stock investing thread

The Pateron stock guy I signed up for has been the best thing I’ve did. I’m using that for day trades and its helped turned my attention off amc crashing. It looks like July vacation season is hurting volume.

I’m glad it’s helping, but you can’t describe what AMC is going through as a crash. Short interest is higher now than it was at $10, and that’s just what we see as the public.

It’s this dark pool stuff that’s really grinding this to a halt, too. I can’t believe the SEC just allows that to happen during this time.

[georgiafan]

Re: OS stock investing thread

I’m glad it’s helping, but you can’t describe what AMC is going through as a crash. Short interest is higher now than it was at $10, and that’s just what we see as the public.

It’s this dark pool stuff that’s really grinding this to a halt, too. I can’t believe the SEC just allows that to happen during this time.

My biggest fear is they keep on doing the under hands stuff and drag this on and people give up and start selling. It needs a green day to as well don’t need to be under $40.


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[Blzer]

Re: OS stock investing thread

My biggest fear is they keep on doing the under hands stuff and drag this on and people give up and start selling. It needs a green day to as well don’t need to be under $40.


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The price has no direct impact on me since it's a false price anyway. Yes, I do somewhat fear that there are being selling away when it goes down the way it does, but what I'm seeing instead are people averaging down and buying more. The utilization rate, total shorts on loan, and cost to borrow are all increasing. This means people are holding. The ****ery is massive, and it's bound to blow at some point. The question of when is anybody's guess.

It might be somewhat easier for me to hold knowing I'm still way profited as opposed to being in the red, but I was in the red for months before it took off when it did... then I was a millionaire and now I'm not haha... but I'm still holding, regardless. I went into this thing with conviction in the stock's technical data and with a goal in mind. Those two things have not changed, so there isn't a reason for me to sell. It could go back down to $5 for all I care, and as long as shorts still have to cover then I am not selling.

I also don't know if AMC will fall victim to a market collapse or correction alongside everything else, which is good.

[Blzer]

Re: OS stock investing thread

I don't know enough about that to verify or otherwise, but it sounds good!

Anyway, AMC and GME supposedly have some good catalysts coming up the next couple of weeks. Assuming no major manipulation, I'm hoping we'll be able to pay dividends on that front.

[georgiafan]

Re: OS stock investing thread

I don't know enough about that to verify or otherwise, but it sounds good!

Anyway, AMC and GME supposedly have some good catalysts coming up the next couple of weeks. Assuming no major manipulation, I'm hoping we'll be able to pay dividends on that front.

Yea that's what I'm hearing as well and it seems the 30's are in the rear view mirror.

[allBthere]

Re: OS stock investing thread

my only good one recently is Hut8 $HUT, they mine and horde bitcoin, and with BTC ripping they have more than doubled in the past month.

Apparently it costs them like 4k to mine a bitcoin right now! IF crypto continues its surge many of these stocks still have a nice runway ahead.