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Brian Reiber said:
Yeah, I made the same mistake. Swing traded it once and made $1k tried a second time and got stung. Chased it down and got my averages down so with the latest run I should be able to get out hopefully this week. Who knows though I tend to be greedy and reluctant to sell anything unless I can make a couple of % at a minimum. I'm not sure why I ever got wrapped up in that short squeeze mania.
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Selling at a loss to get the ball rolling again in something else is the single greatest step I've made in my short trading career lol. Especially with these meme stocks and super hyped garbage. Get in, get out, onto the next one.
 
Rain City said:
Selling at a loss to get the ball rolling again in something else is the single greatest step I've made in my short trading career lol. Especially with these meme stocks and super hyped garbage. Get in, get out, onto the next one.
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Yes, I've definitely done that as well. Sometimes you have to cut your losses and move on. My small position in AMC is sitting in an RRSP and isn't that important to me right now. I'll let it ride and get my cash back plus small profit. At least with AMC they sell a product that a lot of consumers want to partake in if we ever get past COVID. If the company can avoid bankruptcy they may be a viable business. GME however IMHO is straight up garbage.
 
Whos' bag holding cbdt, daggers are falling, and to me, I don't see a big opportunity here. They need to grow organically and show some numbers, this is shaking the fomo out.
 
ab1752 said:
Whos' bag holding cbdt, daggers are falling, and to me, I don't see a big opportunity here. They need to grow organically and show some numbers, this is shaking the fomo out.
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I was out Monday. Thank God.

What's a good deal today???!!
 
This cciv fraud sure pisses me off. Before the merger the ceo was claiming certain things like delivering 6000-7000 cars this year among other things. Now they aren’t even going to begin production until fall. Outright lies ahead of the merger and the truth comes out right after. I’m only down a bit because luckily I didn’t invest a lot but it’s crazy they get away with this stuff. People are calling for lawsuits and stuff now. Should get interesting.
 
I bitched out. Put in a stink bid on LTE.V but didn't get picked up.
 
ab1752 said:
Whos' bag holding cbdt, daggers are falling, and to me, I don't see a big opportunity here. They need to grow organically and show some numbers, this is shaking the fomo out.
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I sure hope your wrong. I'm holding a pretty decent position there. I believe in the direction the company is headed and should be rewarded well at Q4/Q1 earnings. I think all we are seeing right now is market manipulation.
 
Brian Reiber said:
I sure hope your wrong. I'm holding a pretty decent position there. I believe in the direction the company is headed and should be rewarded well at Q4/Q1 earnings. I think all we are seeing right now is market manipulation.
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I was a big believer too but I had it since .32
I sold around a dollar then got fomo and bought right back in. Sold again on Monday end of day because it was just out of hand. There had to be leveling off. Might buy back in when things settle down and we see some earnings.
 
Brian Reiber said:
I sure hope your wrong. I'm holding a pretty decent position there. I believe in the direction the company is headed and should be rewarded well at Q4/Q1 earnings. I think all we are seeing right now is market manipulation.
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The valuations just don't seem supported by basic financial fundamentals imo. I really like the story but in a "normal" trading cycle, I just don't see how this thing is bought up to $2.50 so early on. I've been watching it since around .22C and just couldn't push myself across the line.

WTF knows what's going on with anything in these markets right now, it's all logic and sense stuffed into the bilge so it seems.
 
Rain City said:
I was a big believer too but I had it since .32
I sold around a dollar then got fomo and bought right back in. Sold again on Monday end of day because it was just out of hand. There had to be leveling off. Might buy back in when things settle down and we see some earnings.
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I agree what happened recently was FOMO and I should have taken some profit. I got in early at .23 and slowly added to my position. I'm holding 450,000 shares with an average of about .27 so even though I feel like puking today I'm still way up from 2 weeks ago. I just have to keep things in perspective. Nothing has changed and I believe that the fundamentals support a $2-$3 share price possibly more if they make or exceed earnings. With the DTC filing opening up the potential for bigger fish we should see some positive movement next week.
 
Brian Reiber said:
I agree what happened recently was FOMO and I should have taken some profit. I got in early at .23 and slowly added to my position. I'm holding 450,000 shares with an average of about .27 so even though I feel like puking today I'm still way up from 2 weeks ago. I just have to keep things in perspective. Nothing has changed and I believe that the fundamentals support a $2-$3 share price possibly more if they make or exceed earnings. With the DTC filing opening up the potential for bigger fish we should see some positive movement next week.
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AKA you're long AF, so enjoy the ride. If your ACB across your position is .27, you're still 5 bagger or so. It will be volatile but should start to consolidate and level off as cooler heads prevail.

I haven't looked yet, was it shorts that kicked the crap out of CBDT?
 
ab1752 said:
AKA you're long AF, so enjoy the ride. If your ACB across your position is .27, you're still 5 bagger or so. It will be volatile but should start to consolidate and level off as cooler heads prevail.

I haven't looked yet, was it shorts that kicked the crap out of CBDT?
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Folks are pitching that idea. I'm not sure what the real time short position is but I didnt think it was heavily shorted. I think it's a combination of people taking profit, the whole market is red today, and a lot of retail investors back on the GME train
 
Brian Reiber said:
Folks are pitching that idea. I'm not sure what the real time short position is but I didnt think it was heavily shorted. I think it's a combination of people taking profit, the whole market is red today, and a lot of retail investors back on the GME train
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One of my favourite quotes:

“I made a fortune selling too soon”

- JP Morgan

A $1 mm TFSA...buy a bundle of your favourite divi stocks. In 10 years the divis probably double (or more). 4% yield today....

in 10 years you are clipping 80k per year tax free.
I know what I’d be doing.
 
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