So... when does football start back again? McInnis needs a distraction.

thread is going to die during the season. gamblers wont need the market anymore...

Perfect

KT 90 said:

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sellthefarm said:

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Any GOCO news? Anyone averaging down?

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OldArmy posted earlier this week he was accumulating more with the recent price dip.

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I averaged down this morning, but still sitting at a cost basis of just under 18. As OA pointed out, their revenue is cyclical around traditional Q4 open-enrollments for healthcare plans. So they literally make a majority of their annual revenue in Q4. It doesn't sound like that is well understood. OA's expectation is that they will absolutely crush it this year, however that won't be evident until their Q4 ER.

McInnis 03 said:

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jj9000 said:

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BREwmaster said:

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McInnis 03 said:

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$30,000 Millionaire said:

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McFly - are you going to play CSCO?

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nah.

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so when are you starting a sub service where you call out plays? McFly the Stonk Strangler!

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I would join just for the McInnis to McInnis public 1 on 1 beratings.

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Dude, you said SDC was a great fly to go south, then it bounced back! Yeah, well DUDE, I didn't realize they'd be issuing great 4th quarter news at the same damn time. The fly was priced well within the range of the implied move. Well that's all and great, but I pay you to give me picks! You got a pick, it was right for a few minutes. SINK OR SWIM AT YOUR OWN RISK SUCKA. OH, THAT'S HOW YOU TREAT YOUR CUSTOMERS?! NO THAT'S HOW I TREAT MYSELF ........ SUCKA!

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PearlJammin said:

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Orlando Ayala Cant Read said:

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So the ONTX news seems promising:

-Plenty of cash to last THROUGH 2021
-Preparing an NDA to protect a product they believe will be big
-Little to no chance of offering
-It's up a little bit AH.

AH for a short while it had dipped down to $1.01 and unfortunately ETRADE charges per share for transactions AH so I didn't pull the trigger for more but I totally would have and still will if its below $1.10 at open tomorrow.

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To add:

• NONE of the patients in their study have died of COVID.
• Although they applied to participate in the govt COVID studies, the path to getting their drug approved as a therapeutic is unclear since the govt is focused on a vaccine. I think they threw their hat in the ring for investor name recognition. Smart move. Scientifically speaking, they did expand on their theory of how their drug would stop the virus. Just a guess, but I suspect their theory came about when none of their patients tested positive for COVID.
• I did not know this, but there is a woman on their staff that is responsible for the approval/commercialization of the drugs used to target the same cancers used in their study.
• Talked about their drug being used for certain metastasized breast cancers, which is an enormous market. I think they will start studies for this soon.

Overall, they were on point and very optimistic. I've been burned by pharma stocks in the past but this one seems different. I've probably said that about the others, however!

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Ranger222 bat sign

tramaro1 said:

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E said:

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SDC dropping AH after ER

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Knew I should have sold

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After The last two earnings it has dropped the next three days I think. I was looking at that yesterday and said nope not gonna do it. Will check again tomorrow and Friday

He is no scientist but he sure loves RLFTF stock.

Yes, do this.

Day trading said:

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He is no scientist but he sure loves RLFTF stock.

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Lol Europe will sell this thing down another 20% tonight like they've made a habit of recently

Prognightmare said:

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https://www.cnbc.com/2020/08/12/jim-cramer-calls-on-10-companies-including-amazon-and-alphabet-to-issue-stock-splits.html

Quote:

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Apple and Tesla have both announced stock splits recently and CNBC's Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices.

The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give more ownership access to retail investors whose investment options may be more limited to low-dollar stocks, the "Mad Money" host said, directing his message to some of the leading tech executives.

"If you want the market to keep climbing, these ten companies and many more need to start taking their cue from Tim Cook and Elon Musk," Cramer said. "Remember, the size of the price tag matters with this [young investing] crowd" and "you want this no-commission paying crowd in your stock.

---

Quote:

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Below is a list of companies, alongside their Wednesday closing prices, that Cramer would like to see divide their existing shares into new shares and boost liquidity:

• Amazon - $3,162.24
• Alphabet - $1,507.24
• Chipotle - $1,160.92
• Netflix - $475.47
• Nvidia - $457.61
• Adobe - $445.36
• Costco Wholesale - $336.76
• Home Depot - $281.58
• Facebook - $259.89
• Microsoft - $209.1

---

This would blow the top off of the market.

ETA: Stock splits were all the rage in the late 90's and dramatically increased the market. Dellionaires were a real thing because so many employees owned their stock and it kept splitting, going higher, split again, and again, etc.

Companies went away from that model for the most part but if it comes back into vogue, combined with the increase of people now in the market, you don't want to go short.

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Freaking Jimbo always stealing ideas

Prognightmare said:

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https://www.cnbc.com/2020/08/12/jim-cramer-calls-on-10-companies-including-amazon-and-alphabet-to-issue-stock-splits.html

Quote:

---

Apple and Tesla have both announced stock splits recently and CNBC's Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices.

The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give more ownership access to retail investors whose investment options may be more limited to low-dollar stocks, the "Mad Money" host said, directing his message to some of the leading tech executives.

"If you want the market to keep climbing, these ten companies and many more need to start taking their cue from Tim Cook and Elon Musk," Cramer said. "Remember, the size of the price tag matters with this [young investing] crowd" and "you want this no-commission paying crowd in your stock.

---

Quote:

---

Below is a list of companies, alongside their Wednesday closing prices, that Cramer would like to see divide their existing shares into new shares and boost liquidity:

• Amazon - $3,162.24
• Alphabet - $1,507.24
• Chipotle - $1,160.92
• Netflix - $475.47
• Nvidia - $457.61
• Adobe - $445.36
• Costco Wholesale - $336.76
• Home Depot - $281.58
• Facebook - $259.89
• Microsoft - $209.1

---

This would blow the top off of the market.

ETA: Stock splits were all the rage in the late 90's and dramatically increased the market. Dellionaires were a real thing because so many employees owned their stock and it kept splitting, going higher, split again, and again, etc.

Companies went away from that model for the most part but if it comes back into vogue, combined with the increase of people now in the market, you don't want to go short.

---

Okay so explain this to me like I'm 5.

I have quite a few shares of AMZN with an entry point of $1750 per share.

What does a split mean exactly and is this good/bad for current stock holders off that list

Really starting to feel like we are very close to a top now. Stock splits, President touting the market on national TV as the economy, extreme earnings moves, inflation fears, precious metal insanity.

bullard21k said:

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Prognightmare said:

---

https://www.cnbc.com/2020/08/12/jim-cramer-calls-on-10-companies-including-amazon-and-alphabet-to-issue-stock-splits.html

Quote:

---

Apple and Tesla have both announced stock splits recently and CNBC's Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices.

The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give more ownership access to retail investors whose investment options may be more limited to low-dollar stocks, the "Mad Money" host said, directing his message to some of the leading tech executives.

"If you want the market to keep climbing, these ten companies and many more need to start taking their cue from Tim Cook and Elon Musk," Cramer said. "Remember, the size of the price tag matters with this [young investing] crowd" and "you want this no-commission paying crowd in your stock.

---

Quote:

---

Below is a list of companies, alongside their Wednesday closing prices, that Cramer would like to see divide their existing shares into new shares and boost liquidity:

• Amazon - $3,162.24
• Alphabet - $1,507.24
• Chipotle - $1,160.92
• Netflix - $475.47
• Nvidia - $457.61
• Adobe - $445.36
• Costco Wholesale - $336.76
• Home Depot - $281.58
• Facebook - $259.89
• Microsoft - $209.1

---

This would blow the top off of the market.

ETA: Stock splits were all the rage in the late 90's and dramatically increased the market. Dellionaires were a real thing because so many employees owned their stock and it kept splitting, going higher, split again, and again, etc.

Companies went away from that model for the most part but if it comes back into vogue, combined with the increase of people now in the market, you don't want to go short.

---

Okay so explain this to me like I'm 5.

I have quite a few shares of AMZN with an entry point of $1750 per share.

What does a split mean exactly and is this good/bad for current stock holders off that list

---

It's extremely bullish for shareholders. Not many people can afford a $3,100/shr stock. Now what if AMZN declared a 10 for 1 split. If you have 100 shares at 3160, you'd have 1000 shares at $316. However, if AMZN declared a 10:1 split, it would go to over $4000/shr before they split, imo. Then just think how many people that couldn't afford 3K/shr will pile into it at 300/shr? The stock would rise again post split.

ROKU is going to negate all of my profit this week.

Prognightmare said:

---

bullard21k said:

---

Prognightmare said:

---

https://www.cnbc.com/2020/08/12/jim-cramer-calls-on-10-companies-including-amazon-and-alphabet-to-issue-stock-splits.html

Quote:

---

Apple and Tesla have both announced stock splits recently and CNBC's Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices.

The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give more ownership access to retail investors whose investment options may be more limited to low-dollar stocks, the "Mad Money" host said, directing his message to some of the leading tech executives.

"If you want the market to keep climbing, these ten companies and many more need to start taking their cue from Tim Cook and Elon Musk," Cramer said. "Remember, the size of the price tag matters with this [young investing] crowd" and "you want this no-commission paying crowd in your stock.

---

Quote:

---

Below is a list of companies, alongside their Wednesday closing prices, that Cramer would like to see divide their existing shares into new shares and boost liquidity:

• Amazon - $3,162.24
• Alphabet - $1,507.24
• Chipotle - $1,160.92
• Netflix - $475.47
• Nvidia - $457.61
• Adobe - $445.36
• Costco Wholesale - $336.76
• Home Depot - $281.58
• Facebook - $259.89
• Microsoft - $209.1

---

This would blow the top off of the market.

ETA: Stock splits were all the rage in the late 90's and dramatically increased the market. Dellionaires were a real thing because so many employees owned their stock and it kept splitting, going higher, split again, and again, etc.

Companies went away from that model for the most part but if it comes back into vogue, combined with the increase of people now in the market, you don't want to go short.

---

Okay so explain this to me like I'm 5.

I have quite a few shares of AMZN with an entry point of $1750 per share.

What does a split mean exactly and is this good/bad for current stock holders off that list

---

It's extremely bullish for shareholders. Not many people can afford a $3,100/shr stock. Now what if AMZN declared a 10 for 1 split. If you have 100 shares at 3160, you'd have 1000 shares at $316. However, if AMZN declared a 10:1 split, it would go to over $4000/shr before they split, imo. Then just think how many people that couldn't afford 3K/shr will pile into it at 300/shr? The stock would rise again post split.

---

Aside from making a stock like AMZN more affordable to the average retail investor, it would also trigger a flurry of options activity as those contracts become proportionately more affordable as well. Hard to sell a covered call on AMZN stock when owning 100 shares to cover the contract is $320,000.

In summary, it just opens the stock up to more buyers chasing the shares.

It's makes a big difference. You've seen AAPL and now TSLA today, keep watching them before and after their split.

Exactly

Apple did a 7:1 split in 2014 when it was $700/share. So a person with 1 share worth $700 then had 7 shares worth $100 each. Those shares are now worth $450 each.

Any of you follow stockdweebs on Twitter?

Dude seems pretty grounded and keeps implying he thinks there's a major major correction coming soon.

Hope its not this week but I dont think hes wrong.

Why?

Nouriel Roubini is calling a top. I listen when he weighs in.

I'm never the bear but it doesn't feel good to me. Do I think we go to 300? Maybe. A 310 put a month out sounds like a relatively cheap hedge.

I kept getting burned on spy puts so I'm going with Spxs and vxx shares

So if there was a massive correction how would you guys define that? Dow/Nasdaq lose 15-20%?

If there was a broad correction ,and you felt pretty strongly that was going to happen curious to know what some of you would do to protect your :

Overall portfolio?

Your blue chips that are bound to come back at some point? (Let it drop and just wait for the come back)

Covid related stocks? How would they handle this? I'm guessing the already volatile ones would tank harder than the more stable ones?

Is there one, two, or three sectors you guys seeing getting hit harder than others? Maybe airlines and oil?