Paul Mampilly’s 100x deal- sEASON 2Dear Friends
Let’s keep the group “Paul Mampilly’s 100x deal” going
Thank you
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Here is something to keep your eyes on. SLGG non executive director Michael R Keller purchased 17,000 shares of SLGG for $103,000 on April 12th 2021. Interesting.
Interesting that Ardelyx (ARDX) and Veracyte (VCYT) both have added the same person Muna Bhanji to their respective Board of Director’s in March of this year. Could this be synchronization for a takeover? Just speculating.
SLGG announced a couple if new content partnerships. Interested to see if it pops back up this morning
I hope so
Members of PU, have you found it beneficial to continue to watch the youtube broadcasts on related content? And follow all the twitter feeds? I’m spread a bit thin between trying to keep up with them and some other Banyon Hill folks, with SG (which is the most important :-p ), and also do my own DD on other things. I may just have a classic case of FOMO with all this information available at my fingertips. When I became a PU member, I was hoping to find all the info in a more streamlined, easier manner, but I find myself still watching PM every Tuesday, Amber on Mondays, Ian Dyer whenever he is on (not sure he has a set schedule, but I am waiting to see how much his crypto service will cost whenever if finally debuts), and there are others of course related to the Bold Profits daily crowd. Then there is Stansberry’s podcast on Thursdays… etc.
As a PU member I occasional watch the weekly updates just more for a pep talk. I find most of it just rehashing rules of the game from folks who don’t seem to follow the rules or have different goals than PM. I watch Bold profits more often especially the Ian Cast on Fridays.
Question for others. I bought STPK recently per PM recommendation. Yesterday I got notification from Fidelity about an account record and inside it said this?
Any idea what this means. I don’t see any other notification on STPK in my mail or brokerage info…
Dear Fidelity Client:
We want to remind you that there is a 04/22/2021 deadline to participate in the STAR PEAK ENERGY
voluntary corporate action. Your current quantity is XX.
You should have received complete details of this voluntary corporate action under separate cover. If
you wish to tender your securities, please call us before the close of business on April 22, 2021. Our
brokerage representatives can be reached at 800-544-8666 to complete this transaction for you or
answer any questions.
If you already tendered your securities or are not interested in doing so, please disregard this reminder.
Sincerely,
Fidelity Brokerage Services
Vote on merger with STEM https://stpk.starpeakcorp.com/vote/
Thanks Big Tuna!
Sounds like it’s related to the SPAC share redemption offer. The initial price set on most SPACs for the stock is $10 NAV (net asset value). Prior to the merger most SPACs give you the option of redeeming your shares for the $10 NAV amount plus interest. If the stock price was under $10 prior to the merger, you may want to select that option. In this case since STPK is well above that price range you would want to decline the offer.
If you go to this article by Travis, about a 1/3 the way down he gives a great explanation how SPACs work. https://www.stockgumshoe.com/reviews/blank-check-speculator/whats-with-this-pre-ipo-code-stuff-from-jeff-brown/
Thanks! Awesome info
BUY ALERT PM’S EF -ARDX CURRENT PRICE RANGE $7.78-$8.58
I should have picked it up this morning, based on the comments above! (ARDX)
Yeah, I did buy some yesterday and some today I was positive on the comments ..
What is going on with these 100x picks. I have so many of them that at down 40%, and my entries were very conservative. Am I the only fool here?
Mine PM stocks look similar as I only bought in this year. This week the money is liking the big tech stocks and banks (due to earnings) and people are pulling out of the specs “temporarily”. Nvidia has had a great week. When I saw things going starting a month ago or so I was going to pull half of my money out of my PM portfolio and put it back in 6 weeks later. In the end didn’t have the time or energy but I still think theres at least a few more weeks of the money coming out.
Yes Doc I couldn’t help but dump 50% of my 50%down NNDM and one or two other pm picks.
Well, timing is everything; however, I was under the impression that these Mamipilly stocks only go up.
Be patient, I know exactly how you feel, everything seems to be either dropping or going sideways lately
I also got in at the height to many of PM’s picks as well as other small cap growth stocks from another service I’m in, and am down significantly on all. At this point I feel like it’s too late to sell at such a loss, so I’m going to ride it out – hoping PM’s past stock picking record will win out.
It’s an overdue correction for most of these stocks. Valuations have been crazy across the board recently.
Some picks will thrive (again) before long, others may never recover. That’s the essence of PM’s 100x investment philosophy: weigh your investments equally and your few winners’ profits will drastically outweigh the losers. Selling right now is probably not a good idea to not miss out on possible long-term winners.
The technicals guy of my choice suggests that there is one more NDX leg down to get through in the next week(s) before we can leave this correction behind us. The sector rotation also appears to be almost over (some money’s started flowing back already). I hope he’s correct. He usually is.
Yep, I hope your guy is correct. Thanks for sharing!
Fun-fact: small cap growth stocks are called the “black hole of investing”. Tread lightly.
https://www.cbsnews.com/news/avoid-the-black-hole-of-investing/
I hope this is sarcasm? Many of the stocks are high risk. Many will eventually be worth nothing. A few will hopefully make up for the ones that go to zero.
Same here. 100x are down around 40%. My portfolio is all small caps from other services as well and very few large cap. Getting hit so hard. On avg, everyday portfolio is coming down 1%. Overall I am big time down.
Now, it does not make sense to sell anything. Looks like these small caps growth stocks getting some value as price is coming down.
I was always getting in stocks at good setup with my technical analysis but did not do for PM stocks thinking they will fly as reconnection comes out.
Hope, money will flow back in small cap as value stocks are getting pricy.
It is painfull to see all indexes going up but our stocks.
Strong hands are getting brittle now but no point to sell these, hoping they will start bouncing now.
Hope DD132 has some updates for us from PM. I wonder how his base of subscribers are reacting to his most expensive subscription service. Thanks YP for replying.
Update:
PM is still BOP.
There is an anticipated rally coming for the small caps, according to both IK and PM.
Embrace the volatility. It can be your friend. I’m feeling it to, but look at where I am from a year ago and smile. YTD down not look that great, but I have faith.
Out boozing now. Will try to post more tomorrow.
I’m down $14000 on one stock alone from his 100x. Because this particular stock is being diluted by toxic lenders and shares are being dumped heavily into the market. Not because of the reasons people are coming up with here. It’s because he recommended a stock with owners who needed volume to sell their shares into and I got caught in that trap. Fortunately the rest of the stocks I’m holding from his recs I bought at the lowest possible price. They aren’t doing spectacularly well right now either, but at least I’m not down more than 50%. The majority of them did not do well.
Which one are you talking about?
Can’t recall when these 100x threads started. January or February? If course that was a bad time to get in to any kind of America 2.0 stack, as they were flying high. I’m not in a bad spot with these, having started when 100x opened in 4/15/20, which was just about the perfect time to buy pert near anything. I’m over 200% gains in 100x, having bought everything in day 1, built positions over time, and taking profits on some of the big movers.
For all those fretting, PM and other Banyan Hill people are chatting about a soon-to-be small cap rally. There have been other market events where I’ve been anxious, listened to PM, and he was right. The biggest was March 2020. Everyone was panicking and selling. PM was saying “strong hands” and “V-shaped recovery.” He was right. There’s been 3 or 4 of these times since I started with PM in 2017. Yes, they twist your gut. We have to stop staring at our stocks daily. (Confession: I do it too.) Especially with the 100x. We have to embrace the volatility — and perhaps try to capitalize on it (although this can go against the Rules of the Game).
Does anyone here have a membership to MicroCapClub?
Hi guys… thank you all so much for everything you have done for so many people in this forum.
I have been putting close attention to all the 100x rec. and was thinking that so many people have made so much money from the beginning of this service that they may decide to sell for big profits and they may have done this with other members. The charts look in some cases identical, for most of the 100x rec. on top of this, the service is taking new members again.!?
Finally, just to be clear… I am a big fan of Mampilly pics but with those small-caps, the game is very different.
STPK: PM says the best way to profit from this phenomenal stock is to not tender your shares and keep holding them. As the buy frenzy cools down after PM’s alert, STPK is now back at $25 range. I have doubled my position today on the dip.
Just thinking out loud, don’t you Gentlemen think the decline we are witnessing is the Great American Reset?
Crashing the markets? Personally, I’m also down 50%.
This guy is not an economist by any stretch but he does have an informed theory on what’s currently happening in the markets. In short, deleveraging coupled with heightened inflation fears have triggered a massive rotation to safe stocks that could better withstand sustained, rapid inflation. Watching this did help to reset my expectations that we could be here for a while until institutional money has an appetite for greater risk. https://www.youtube.com/watch?v=NqKkHj5DPT4
It is not the great American reset. Only these highly speculative stocks are down. Many after surging massively as board retail traders piled into them in 2020. Don’t complain because your FOMO resulted in you buying at the top. Now is a good time to be buying. The main reason retail traders always lose money is the buy when the market is in overbought territory and sell when it reverts to the mean. This is emotional trading. If a single stock is crashing, look into it. If the whole sector is dropping, it is more a function of the market than any particular stock. Dollar cost average helps smooth out the bumps, always adding over time to take advantage of the dips instead of trying to time the market. If you want to time the market you need to eliminate emotion from your trading.
We’re not all gentleman. I’m a woman. Just sayin
Same here.
Hey All, Another thing I chart is Insider Buying. Yes I use OBV and Stochastic charts to time buying and selling, but I also use insider buying as a guide to help when buying should occur. The chart below is typical of many if not all of the 100x recs. Many companies buy their own stock on a 5% dip or if they know something about their company before the news goes public. Many of the 100x stocks are being sold by insiders because they made very large purchases in the past and are now cashing out on these purchases. As I mentioned on an earlier post, an insider from SLGG bought 17,000 shares on April 12 on a 5% dip.
Here is where you have to decide if you are an investor (staying in this for the long haul) or a trader (buying and selling) or both. As you can see from the chart below, Insiders buying their own stock on the dip are doing just that, buying on the dip. While sometimes you get Insider cluster buying and the stock pops within weeks.
Happy Investing/Trading
Hello Garagedoor,
What insider service do you use? I am not real satisfied with mine.
Thanks,
Spector, I am trying out this new service from https://www.insiderscreener.com. The site is only 1 year old but has promise. If you email the owner he is very quick and thorough with his responses. For the cost, I figured I would try it out. He has some interesting concepts and ideas for future development
Many thanks for the response. I will check it out.
Excel spread sheet 1 of 2 04182021, Thank you everyone for generous contribution to this thread.
Thanks, Venkatesan!
Hello VENKATESAN, would you be willing to have template of this spread sheet to share. I really admire the format, new investor trying to keep track of my trading activity?
Hi Andrew, I use following google spread sheet to track my investment, someone from this thread shared this
https://docs.google.com/spreadsheets/d/1koYZXsLRoQem0iBlvYHCPxhCJ6TtlqWbL2h5Cskpmps/edit?usp=sharing
If you want the excel sheet which I’m posting every week
https://1drv.ms/x/s!AqorC-Jw9pKKpW-QnujXytLIbfE5?e=cKgV8l
Thank you kindly for this…much appreciated
@Venkatesan. Thanks for the update. Is there a reason for highlighting CFMS in EF ? Thank you!
Hi Arvi, just added entry price and date.
Excel spread sheet 2 of 2 04182021
Thank you for everyone that contribute to this thread. I see you guys say BOP, is that (Bullish on Paul)?
BOP as used by Paul means bullish, optimistic, positive.
Thank you!
Appreciate your help Venkatesh!
I have to say, this has been very difficult to endure through. I’ve been following Paul for 4 years and it is true that we have hit one of these periods in every single year. Most have been quick recoveries which has made it relatively easy to hold through. The market top in my heavy-Paul stock portfolio was mid-February. So I’ve been going down for 2 months now which is probably similar for others here. I think this has been the longest continuous ‘freefall’. I know that word is dramatic, but it feels that way.
Looking back, my portfolio is now where I was in mid-November. The thing that feels strange this time is that the averages are hitting highs. There has not been a time in the past where Paul’s stocks have fallen while the averages have been rising. Usually the direction follows the averages and there is just more volatility (averages up 1%, Paul’s stocks up 2%; averages down 1%, Paul’s stocks down 2%). The other sell offs have always been market wide.
I still believe in these major themes but I wonder how much these things are going to get hammered down before turning this time. I think market makers really inflated prices across many of these dreamer stocks because retail investors were willing to pay up so much. Now we are returning to some more semi-realistic valuations. Personally, I’ve still been buying a little in stocks I really like (BYND, AI, WWR, NVTA), but as of last week the tank is dry and I have to wait until my income fills my cash bank again.
Good luck everyone! Looking forward to the day where the discussion on this board is sweeter again!
Also, one would think if market makers are accumulating, they would’ve built nice long positions by now, and some of these stocks would begin their trend change
Very few insiders (PM picks) are accumulating right now. From my research, several are unloading. BUT, I have only worked thru about half the PM picks from all the services.
Check out openinsider.com . Great website on purchase / sales by insiders. Shows SEC Form 4 insider trading .
Many thanks.!
CalculatedRisk, I started following Paul 10 months ago so thankfully I caught the market’s upside. Since mid-February, my losses have been heavy. Paul is still BOP and says it will turn around. The question is when will we get this turn around.
I noticed the same thing you did in regards to the Nasdaq highs rising while Paul’s stocks are in “free fall”
It is difficult to watch the talking heads touting the new market highs when all I see is red. My husband tells me to sell everything but I am holding on by a string.
I imagine Paul is receiving lots of “spicey ” emails from recent subscribers who hadn’t had time to experience the upside of the market. Hopefully it will turn around soon.
Thanks for sharing Marissa, although I wish you were not going through the same, it does help to hear other situations. I’m glad you caught that upside before these last 2 brutal months. He is still BOP and my faith in him is remaining strong. I am pretty young (just about to turn 30 next month), and I envision my future including many of these companies. It was probably difficult to see some of today’s large companies (think FANG) as world leaders a couple decades ago. I think that is the main lesson Paul wants people to see.
Here is how I am thinking about it… I don’t think these stocks will return to their lows because while there was too much hype that inflated things beyond their current value (think DDD in the 50s), I equally think that the opportunity in DDD was not being priced in at $5-10/share. So the truth is the stock should be somewhere in between and hopefully grow over time. Personally, I feel that it is not worth selling at these levels. However I also don’t think we are going to roar back as we have in the past. It could be 2-3 years till we hit those highs again. That is more of a reality with stock markets, 2020 was a period of time where returns came very quickly.
My wife and I were just about ready to buy our first home and a couple months back it was right in front of our eyes. We didn’t think we would be ready for years, but all of a sudden we had a 20% down payment on a first time buyers dream home. Now we have a 20% down payment on a first time buyers average home. Haha. I actually talked with her today that we might have to target next year instead of this year. Unfortunately it was a lesson learned the hard way and we both knew giving back gains was a possibility. To say I ‘needed’ the money isn’t exactly true, but of course in hindsight I wish we had cashed in.
Enough of my rambling 🙂 I am interested to hear Paul’s update tomorrow because I am sure he is getting spicy emails. My heart goes out to those who started buying late last year or early this year. I wish Paul had been more cautionary in his updates. I know he tries not to time the market but I feel like someone with his experience should have known we were overextended.
It’s been a very tough few months for most stocks ( excluding cyclicals mainly) I’ve also got a lot of sympathy for everyone (including me)who is down significantly in the PM 100x stocks which, like a lot of other small caps, haven’t bounced back or based like some high growth names have which were also hit.
However, in the interest of trying to learn and improve (and i include myself in this), we have to remember these picks are made with a timeframe of 3-5 years. So you just can’t judge based on a couple of months. Put I personally haven’t invested capital i think I’ll need within 5 years. These are some of the most speculative / risky names in the market (with hopefully high reward!). i use position sizing (i.e. small % of my capital) to reflect this risk, which is orders of magnitude greater than an Apple, or even something with huge revenue growth which is highly valued. These businesses are almost completely unproven.
Having the right mindset here will be critical to achieving gains over 3-5 years. It’s totally normal for big winners to get cut in half multiple times during their journey up. But also let’s be realistic, probably only 1-2 of these may actually 100x (and some will 10x etc) – if you position size right, this should more than make up for your losses.
I’m not trying to criticise, sorry for long post
I agree with you. Right now, it seems the markets are up, 100x down. Market down, 100x down. Crypto up, 100x down, crypto down, 100x down, even the Russells has recovered somewhat. There just doesn’t seem to be rotation back into these stocks. My biggest worry is what will happen when the market goes into correction (as SPY, NDX, IWM are at or near highs), and that these 100x picks continue to ride the downfall. It doesn’t seem right to take the losses now, but what if these picks continue onto 80%, 90% losses. I’ve seen, and been in these situations before (DNN few years back when uranium mining stocks got hit, it took years for them to recover). Also, doesn’t seem like PM has issued any new updates for his 100x portfolio, buy or sell.
I haven’t had this poor portfolio performance in years, as I usually cut my losses quick based on chart technical. This time around, I bought into the 100x fomo, thinking what is 20-30% down if in the long run, they will 100x. But as my portfolio bleeds more and more each passing day, that confident, reassuring feeling is eroding as days go by, and skepticism build on PM’s research of these companies.
It would be nice to hear what others are doing with their positions, or share your thoughts backed with some economic/technical thesis.
Not sure why, but this post isn’t getting approved. Sorry if repost appears.
I agree with you. Right now, it seems the markets are up, 100x down. Market down, 100x down. Crypto up, 100x down, crypto down, 100x down, even the Russells has recovered somewhat. There just doesn’t seem to be rotation back into these stocks. My biggest worry is what will happen when the market goes into correction (as SPY, NDX, IWM are at or near highs), and that these 100x picks continue to ride the downfall. It doesn’t seem right to take the losses now, but what if these picks continue onto 80%, 90% losses. I’ve seen, and been in these situations before (DNN few years back when uranium mining stocks got hit, it took years for them to recover). Also, doesn’t seem like PM has issued any new updates for his 100x portfolio, buy or sell.
I haven’t had this poor portfolio performance in years, as I usually cut my losses quick based on chart technical. This time around, I bought into the 100x fomo, thinking what is 20-30% down if in the long run, they will 100x. But as my portfolio bleeds more and more each passing day, that confident, reassuring feeling is eroding as days go by, and skepticism build on PM’s research of these companies.
It would be nice to hear what others are doing with their positions, or share your thoughts backed with some economic, technical thesis.
What else ca we do but BOP? I put 25% of my portfolio in PM 100X and some PU. Down 50%.what’s the worst?? I lose it all.There has to be at least 1 that gives back. The 27th of this month may get one of the SPAC stocks back, and another is also merging so…..Stop looking at those red numbers and do something else. 3to 5 years ……3 to 5 years. Slow down partner and good luck.
Well, we’re all in the same boat, although our entry levels and thus our current spot profits may differ vastly.
These stocks are not all in the same sector and some of them have an international dimension to them, so this is good. A couple of these companies may even thrive in the next decade. If not, well, we knew what we were getting into. More so than ever, any money put into an 100x stock better not have been an essential part of your retirement fund but bonus/play money.
Still, all this doom and gloom is misplaced. As previously said by several people on here including myself: high-risk microcap stocks are highly volatile. Heck, even some of my stocks in the 5-10 billion dollar range have gone from 50% up to 50% down in the past two months.
Instead of worrying all day and night, the (simplified) questions you should be asking yourself are:
– do you still believe in the company’s mission and it’s success capabilities? Are their fundamentals intact?
– is the sector growing/becoming more important within the decade?
– is the company’s product or service somewhat resilient towards external shocks?
– is the current valuation somewhat representing the above instead of the company being (still) considerably over-valued?
If the answer is “yes” or “probably” to the above, then you should be able to sleep like a kitten tonight. It’s not up to you whether the stock recovers and how quickly this takes place, but at least you can tell yourself that you’ve done your homework and that you believe that there’s something about the company that makes you believe in its future success story.
If you are not as convinced, well, then it may be time to cut your losses and to invest the remaining money in companies you do believe in.
Your third option is to do nothing and to see how it plays out. For this to work you need to be truly okay with this. Accept that the money you invested is gone. You’ve traded it for shares of a company. You cannot influence how well the company does in the future much so get over it and check how the company’s doing once in a while only. Consider any value coming out of this, even if it’s technically a loss, a gain.
Your fourth option is to fully trust a self-marketing guy selling expensive investment advice on the internet and then do as he says.
Frankly, for me it’s been a mix between these options. Some of these companies pass my due diligence test and I have increased my stake in them in the past month. A few others I have not been bothered to have a closer look at due to my initial small investment only. I’m waiting for them to show their 100x potential. I have also fully or partially divested out of a few PM stocks, even at a 30% or 40% loss, when other opportunities came along that I do have high conviction in (e.g. CELH).
PS: The worst performing stocks I have ever held I bought out of FOMO after an endorsement by somewhat known investment entities (like PM, but not him in these cases). I ignored my gut telling me that the company’s product/service was not competitive or that its valuation was higher than its true value could reach in a distant future. Guys, listen to your gut. If you’ve been working in insurance and someone tells you about a service disrupting insurance*, if you’re a medical doctor and someone tells you about this hyped new drug or surgery equipment*, if you’re into gaming and someone’s telling you about this game-changing competition platform*, and things don’t add up for you, then, please, do not invest. Trust yourself. It’s your hard-earned money, not theirs.
*Made up examples. Don’t search for companies that may provide similar products.
Hi folks,
Quant. Good summary with additional info.
I am still holding (having the same shared opinion as some members in this thread).
In addition, I am also watching/waiting to increase/add to this small % of my portfolio as I have “available” cash remaining in this portion of my portfolio.
To further explain my example for available cash for microcap stocks:
1. Before I started to invest in the riskier 100x microcap stocks, I set an overall total budget of (ie 5%) of my total portfolio value (ie 100$) for a total amount (of 5$) dedicated to these microcap stocks. 5% x 100$ = 5$
2. I have started purchasing microcaps stock which current total amount of (i.e. 2$) which is less my total allotment of 5$ (ie 3$). 5$ total – 2$ used = 3$ remaining. Note to self – I always use my original cost of stock or ACB (not unreleased gains/losses).
3. Also, I don’t have to use this remaining 3$ now or in the future, but this remaining amount is in the back of my mind as comfort.
As with most other members I am in the in the red and feeling the same pain. I have experienced the similar downtrends through past years (2020 being most recent in my memory, tech bubble in??, etc).
I currently have strong hands and was starting to make some notes to myself as a reminder when looking at my stock watchlist of stocks to look at – and possibly buy when and if the opportunity arises.
Disclaimer – I am not providing investment advice to anyone and any opinions expressed are those of the author alone.
I’m holding.
I believe PM is tight about America 2.0. These tech developments are very early in their lives. Huge potential ahead.
In regards to years away — information is moving so much faster today than ever. Just think of how quickly they mapped the COVID-19 virus, sent the mapping around, and developed these vaccines. That would have been years to do only a few short years ago. Now it’s months. You can think of other examples.
A pop on NNDM on acquisition news today. Imagine their plan — I have a manufacturing plant, I need a chip, I print a chip on-site because I am in the NNDM network of chip producing machines. Wow! No back orders, no shipping, no storage, no waiting.
MARA and cryptos down. Interestingly, the Chi-Coms shut down crypto mining, or are in the process of it, because of energy costs. Most crypto mined in China. So price drops. I’m thinking this makes crypto more scarce, no? So I expect it will get back on track. Where’s MARA – Canada.
Consider CLSK, working to get a “green” mining operation going big.
And consider GWAC — biggest mining operation anywhere right here in the US.
I’m not getting shaken out now.
And pay attention to LTBR!!!
I would give 2 thumbs up for your and quant’s reply…
Perspective is key… it might be time to zoom out and focus on what brings joy and meaning.
The people in these companies are working hard to increase their value. We just have to work at being patient, unfortunately being patient in the face of potential loss goes against the hardwiring in our brains.
Being able to override our biologically driven emotional responses is a key to success in the markets and in life.
Best of luck to you all on this beautiful journey!
I’m a little bit surprised that Paul hasn’t issued a buy the dip on some of these picks, since they’ve been down 40%-50%. I mean, if he believes the drawdown on some of these companies has been overdone, issuing a buy the dip would effectively boost confidence to his base, suggesting there IS light at the end of the tunnel and adding to his credibility. Fool.com do this occasionally on some of their recs.
Right now, I’m trying to envision where will money rotate out of in order to move back into these stocks. Moving out of large caps? crypto? what makes the most sense.
Hi folks,
Twizz32 … I agree with you.
I have the same concerns/ negative thoughts about the current state of the small cap/microcap stocks and when they will recover. I don’t use the term “if they will recover” because most of the picks should recover but recovery is time dependent.
The suggested 3-5 year holding period has been mentioned a few times (source from Paul M and his 100x service?).
I am also experiencing the same current negative effects of the 100x stocks and also allotted a small % portion of my capital for these 100x stocks, based on general overall risk of these companies.
I keep reminding myself of a recently learned phrase in this thread “strong hands”.
FYI. 3 hours ago:
The Gross Law Firm Announces Class Actions on Behalf of Shareholders of BLU, XL and DDD
https://finance.yahoo.com/news/gross-law-firm-announces-class-004800121.html
I am confused. What are we suppose to do. I fall between the time period mentioned in the article.
Another law firm wanting to make money. almost every stock firm out there has pending lawsuits.
Guys, sorry but what is PM? 😉
Paul Mampilly
Paul Mampilly, the guy whose recs we are following, primarily 100x Club — and some other Banyan Hill services.
OCX news – 100X https://www.massdevice.com/oncocyte-acquires-chronix-biomedical/
Think it’s going to be a bumpy day again across the board.
News about ARDX -https://www.aol.com/news/hedge-funds-dumping-ardelyx-inc-164553608.html.
Does this bother anyone?
This article is from June 2020, therefore irrelevant.
thank you
Mampilly sent out a PU video this afternoon with some recs and explanations- sound like he’s been taking a beating from customers. Check your inbox.
Can you briefly share his analysis?
Buy/Hold SRAC for Momentus Space, Palantir and Micron for AI. He believes 3d printing Protolabs and DDD are long holds. That and have strong hands.
The panicky vibe in the air and in my stomach is actually telling me we are at the bottom now as far as growth stocks. Time to buy or at least hold. Today I added a little more to each of my stock with the rest of my investing budget.
I doubt very much we are near the bottom, at 4120 the S&P has barely corrected.
The bottom for small cap growth stocks, not for the S&P.
Because you think the small caps will stop falling while the S&P and the Nasdaq are plunging? Sorry, doesn’t work like this.
Small caps always get wrecked before an overall major market decline. It is the law of the jungle.
If you think already beat up stocks cannot go further down, think again. Those who were around in 2000 learned this the hard way. Being overly confident about the market and your predictions is the best way to get burned.
Regardless, this is the time to buy, rather than waiting for a bottom. We’re in one of those periods that you look back on and wish you had jumped in.
Buying time!
Yeah unfortunately I was around during the 2020 bubble. This time around I have an overall smaller position in the stock market. So I guess I can afford a more bullish attitude. What is your strategy currently?
PM 100x update out today. He talked of news with CLSK, NNDM, and RVP. All good indicators of these companies still moving forward. On the current situation there was a question, similar to all outlets concerns posted, to which he answered:
“In 100X Club, we are holding these stocks for a minimum of three to five years. Remember, we aren’t in it for small gains. We aren’t even it for 1,000% or 2,000% gains.
We’re after 10,000% winners.
And we believe the stocks in our model portfolio can get us there. Each represents phenomenal technology, innovation, opportunity and growth — and they all have GoingUpness.
That’s why we haven’t sold any of our positions in this service. Because these stocks are so small, any investor taking their gains can bid the prices down.
And after some time of these stocks going up consistently, it’s normal to see some people are taking their gains.
After all, not everyone is holding these stocks with Strong Hands like we do. Some just want the few hundred percent gains and get in and out. But not us.
We believe the way to succeed with stocks like ours is to sit through volatility, so that when these stocks soar, we’re not left on the outside, looking in.”
You either believe it or you don’t. I’m holding fast.
Has PM ever talked about what percent of his micro picks he expects to soar. Does he think half of them will soar up in the 10x – 100x range? Or does he think only one or two of them will?
I’ve not heard him say a percentage, but generally he states that each has that potential.
I would expect that a number of these will get gobbled up before they can possibly hit 100x, in particular the medical ones. That industry has so many big players with a history of buying up new tech and innovation.
Ok thank you
Profits Unlimited member considering
a premium service but after reading comments on here and seeing CLSK , NNDM and RVP all down more than 50% in a short time I’ll stick to the mid and Large Caps in PU.
Good Luck to all.
Segudg,
On these chat boards it is wise to use your critical thinking skills to verify information you are relying on. We had a prankster at one point saying that “sell alerts” were put out, when they weren’t.
Many of these folks claiming the big losses were relatively new to following PM and in particular 100x Club. Some bought in Feb., and those are experiencing a big whack. And there are a lot of newer investors on this thread that are experiencing a pullback for the first time. It’s emotionally difficult, and there has been a lot of venting.
I joined PU in 2017. Eventually I got into the Inner Circle, and when 100x started, I was in it on day #1.
You mentioned NNDM. I got in on day 1 at $0.79. It’s now $7.37.
I got in RVP on day 1 at $2.07. It’s now at $10.28.
I got in CLSK at $8.86 on day 1. It’s now at $18.57.
I could go on. Even now with this pullback, and some of these stocks only being in the 100x portfolio fir a short time, I’m up about 200% overall.
I’d be up a lot more if I had bigger positions on the early ones, but I was leery and only took piddly positions in the beginning.
Rather than comments, take a look at the rec dates and what the stock did since then. I think you will be pleasantly surprised.
Today might have signaled the worst is over.
I like your thinking, I can’t wait for the time to come.
My gut feeling, lot of retail traders who flocked into the market last year in March started leaving after making big gains in February and March 2021, and the ones still in market are now selling to pay their taxes on capital gain ,surprisingly made them to sell more to pay. This selling which I believe should stop soon anytime now by this tax season .
Good thought Sam, and something I was thinking about for a while now. The aggravating thing is in January and February when I heard friends who have never talked investments before talking about all the SPACs and crypto they were making bank on, I knew we were reaching a top but don’t know why I didn’t act. I think because I’ve also instilled in myself not to flip in and out of investments.
Many of my friends were oblivious that you had to pay taxes on gains when I brought it up. Some got super lucky, like 3 or 4x returns on relatively small ($5-10k) investments because they were only in the most speculative stuff. But I know that tax bill was a relatively heavy one for them, mainly because they were unaware it was coming. I have had that May 17th date in mind but I wasn’t sure if big money would make it that easy to predict.
taxes on cryptos is a touchy subject because they don’t provide a 1099 form. I’ve heard that if you want one you have to pay for it. Has anyone had any thoughts on this?
I have a crypto account with Uphold and did receive a 1099-B for 2020. No charge.