Hello Everyone I saw the text from Lazutinku , Hopefully everyone will see this thread and we get goin
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Before I start asking questions about CryptoFlashTrader here , what do you guys think of me starting a separate thread? Just don’t want to clog this PM100x with other topics if it’s going to distract people.
Several people in this thread are subscribed to it and post the buy/sell alerts here so I don’t think their is any problem with anyone asking question here.
Excellent idea IMO. Please start a new thread. And if others here could be more judicious with the frequency of non-substantive and off-topic posts, that would also be much appreciated.
Since Venkatesan is tracking, updating & publishing the report on a weekly basis for all the stocks& cryptos recommended by Paul, ID & IK through this thread, It would be better and easy for him to track the list.
@VENKATESAN- could you possibly pull all the crypto recs to another spreadsheet so they are no combined with the PM/IK stock recs? it may help to clean up your previous spreadsheet. you do BRILLIANT work and appreciate all you & everyone else’s contribution to these threads!!
Agreed . Although the idea is good but no point in vankatesan having to make 2 spreadsheets. One spreadsheet is consistent and great.
Cryptos announcements can be preceded by $.
Thanks for the great work every one
I think that is a great idea and it hopefully would include discussions on all things crypto.
I think that would be a good idea because we don’t always reference the service when we post market tickers. It gets confusing.
Let’s do it. Below is the new thread for topics on Crypto and Blockchain
https://www.stockgumshoe.com/2021/08/microblog-crypto-blockchain-general-topics/
Urg I trimmed PXLW too early!
Any idea whats driving the spike?
Shorts are buying to cover for Sept 16 call. Zacks had an article that I tried to post this morning but is still pending gumshoe admin approval. No changes in company fundamentals.
pm’s alert on true momentum :Sell Sarepta Therapeutics Inc. (Nasdaq: SRPT) at the market.
Rebound options, SELL ROOT for gains
pms ipo spec : Sell Affirm Holdings Inc. (Nasdaq: AFRM) at the market.
Thanks. It spiked today on news of partnership with Amazon. Motley F. has it recommended as it’s long term 10x stock so I sold half and kept the rest
Good deal 94102, just watched bit on CNBC Tech Talk show
Can you tell us the other picks in 10X please?
Secret Portfolio: Name changes: GWAC to CIFR
Hey Lazut Inku whats your say on PXLW , is it a squeeze..
Looks like a short squeeze.
Excel Spreadsheet 1 0f 2 – 08302021
Thank you all for the generous contribution!!
Please note GWAC ticker symbol changed to CIFR.
Thanks so much for the updates!
Thanks! HVBTF changed to HVBT as it moved from OCT to NASDAQ, please update the ticker.
Excel Spreadsheet2 0f 2 – 08302021
Thank you all for the generous contribution!!
I’ll keep crypto in the same image as we done in the past. If anyone wants to post crypto in different thread, please feel free to extract from this image.
DOGE – Its 0.32$. Typo Error. Thanks.
Yep, I’ll update next time.
For my education, under Ian King’s Crypto section, are the values inside the parenthesis IK’s price targets?
Value inside the parenthesis indicates maximum price until we can buy.
Thank you!
Thank you SO very much Venkatesan for your updates. Does anyone know if ticker BCRX is listed under Extreme Fortunes? Can’t seem to figure out what ‘portfolio’ it belongs to.
Have been holding it for while; unsure if PM has asked that we sell it?
BCRX is under True Momentum with no sell alert for it yet.
Thank you Vincent!
I like the spreadsheet on this thread. Thank Venkatesan!
Buy alert IPO spec by mampily :Shoals Technologies Group Inc. (Nasdaq: SHLS). Mid price $34.00
Sam thank you you are amazing much appreciated
welcome
Got in to SHLS today. This technology looks promising!
Crypto Flash Trade Alert: Buy DOT 27.6-30-32.4
It was at 26 yesterday and spiked to 30 today. I already owned some and bought some more.
Geez, I hate buying into these spikes, but DOT’s likely a good one to hold anyway, due to its utility.
I took a smaller than “plan” position because of the spike. If it backtracks, I’ll pick up more.
There are a number of buy alerts for DOT once it surmounted $29 per token. ETH is another one to look at as it has a history of outperforming Bitcoin BTC in this cycle that most are saying is “alt season”. SOLANA (SOL) has been just amazing in its transactional speeds of NFTs and entire ETH / DOT ecosystems. Cosmos ATOM has also been moving up along with CELO.
Most of the top crypto analysts like that Solana SOL is just poweeing alts and even ecosystems like DOT / ETH higher. Some of the buy point for DOT were weeks ago at about $10 to $13 per token. Now the chartists are showing DOT to be a great buy once it passes over the $29 per token mark . LINK is rated A+ (also a buy), ETH A- by Weiss Ratings and ETH may move up 3x whereas BTC may only move up 2x during about 2021 according to James on investananswers. I first bougt DOT after eading the analysis here by Mark Dalton who still likes DOT on his discord channel.
There are a number of buy alerts for DOT once it surmounted $29 per token. ETH is another one to look at as it has a history of outperforming Bitcoin BTC in this cycle that most are saying is “alt season”. SOLANA (SOL) has been just amazing in its transactional speeds of NFTs and entire ETH / DOT ecosystems. Cosmos ATOM has also been moving up along with CELO.
Any thoughts on 100X PXLW?
Today’s mention:
Pixelworks Is Maintained at Buy by Roth Capital
No recent news though
Anyone thought about the tax implications of this years trading? Last year I owed a ton due to gains, and now have to pay quarterly estimated taxes. And I held off taking a few big gains (example: ENPH) until January. So I am sitting on very significant gains to declare for this tax year. With a lot of positions in the red, is anyone considering selling at a loss to harvest the loss, then buy back in later?
Like u I sold ENPH and SEDG with big gains. So, I sold several losing positions for tax purposes.
You’ll have to watch out for wash-out rules. If your intention is as you say, to just sell them to gain the loss only to rebuy then you’re effectively breaking the washout rule and you won’t be able to actually offset the gains with the loss. If you’re comfortable waiting the 31 days before repurchase you’re generally fine. September is historically the worst performing month, so it might not be a bad time to be out of the market on some stocks and look for a new buying signal come October. That being said, with these small caps, being out of the market for just a couple (or even one) days can mean missing the big moves. Small cap index has been doing nothing for about 6 months. It’s really hard to say when it’s finally going to break out . I’m personally using September to lock in a few gains, and getting out a few I no longer believe in.
Yes, I always check the washout rule when selling. Thanks.
Last year I had a ton of wash sales on my tax form. I have been doing a better job this year trying to avoid them by trading less or maybe holding something a couple more days if it looks like I could avoid one.
From what I understand, even if you take a wash sale, then on your new position they add it to your cost basis. So at some point it should end up coming back to you. It isn’t like you just lose that potential loss. The brokers are obligated to keep track of this on their end.
Taxes make investing so much more difficult when trading, another reason to invest long-term.
The wash-sale rule isn’t a penalty in the long run on a single position, but you do lose the ability to offset gains in the current year. That’s the whole point of it. In other words, there was effectively no point to the sale if you end up selling and buying back in at a similar level.
Is there a software to calculate wash sale if you are day trading across multiple brokerage/IRA accounts?
OMG! I just got the ultimate tax-loss harvesting gift today in after-hours trading! Forte Biosciences (FBRX) announced that their main dermatology drug is a nothing burger/turd sandwich. Its stock went from closing at $28.59 to $24.15 at 4:05 p.m. and then was halted for 30 minutes. When after hours trading resumed, it tanked all the way down to $3.37. Not $23.37. Not $13.37. But, yes, $3.37! An 88% drop from its closing price today in just 35 minutes. Because of the halt, my stop-loss never triggered. As a result, the market bequeathed me this unbelievable gift to offset all of my other gains this year for tax purposes. #TrulyBlessed
Ugh! That’s a sting. The pains of Biotech
PU came out with monthly news.letter……..was all over promoting Robinhood. The financial stations, articles are showing a lot of conflict of interests. Also we go a Alert a couple of weeks back…..to buy Dogecoin.and that he stated it would be discussed in monthly. There was no mention. I’ve been in the hospital for a couple of weeks….did I miss something ?
He discussed it in the weekly video podcast. I haven’t listened to it yet, but it’s the headline. From Tuesday email:
As expected, our latest recommendation — Dogecoin (DOGE) — came with a LOT of buzz in the past week.
Why’d you recommend it? What brokerage should I use? Why this crypto over others?
Whether praise or critique — you asked it all. And we’re going to cover it all, plus more!
Click the time stamps below:
I heard it from him saying it would be people’s currency like dollars because many ‘are’ using it and ‘will’ be using, and Elon Musk mentioned it, and people are adopting it. etc. So it’s up to subscribers whether to put it in portfolio or not.
That was the main talk.
pauls True Momntm flash buy alert :UNITED MICROELECTRONICS CORP. (NYSE: UMC)
CURRENT PRICE RANGE
$10.81 TO $12.69
pauls extreme fortunate fortune : buy alert PAVMED INC. (NASDAQ: PAVM)
CURRENT PRICE RANGE
$7.42 TO $8.20
Thank s Sam
Thanks so much, Sam. You have been so helpful!
Thank you Sam!
welcome everyone…
Current price $6.13 if anyone is interested.
which stock?
$PAVM
Crypto Flash
Buy back into $LINK$
28.06-30.50-32.94
Ha ha…did not sell mine. For a Crypto ticker common to both IK and ID, I am following IK as he is more mature in this space with solid track record.
I agree hundred percent.
True but ID is more for the short term gains where IK is more of a HODLR so it’s to each owns preference but I do agree
Completely different strategies. I actually had my own technical trading level alert fire off on LINK about an hour before the crypto flash trade was sent out. There was a pretty obvious breakout and it was worth re-entering . There’s value in both trading strategies.
I like the crypto discussion here. Thank you for sharing
Question for the group:
Looking into PSTI it is an Israeli company that is trading on the Israeli market already 100x it’s current price on NASDAQ. It dropped after the rec and is struggling to regain ground. How often is there such a large difference between foregin and US markets?
Thanks again to all for an incredible thread!!
This happens quite often with dual listings. There’s lots of different ways a company can dual list in terms of ADR’s and currency. They’re still trading in alignment with each other across the two exchanges so the actual absolute share price doesn’t matter. (ie. YTD both are down 57%). If it goes up 10% in Telaviv, it’s going to go up ~ 10% in the US (currency fluctuations, market opening times etc do effect this, but the companies do try to keep the listings in lock step)
Did you all see the latest news on Joby?
Here is a link to the SEC filing:
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116120381&type=PDF&symbol=JOBY&companyName=Joby%20Aviation%20Inc.&formType=424B3&formDescription=Prospectus%20%5BRule%20424%28b%29%283%29%5D&dateFiled=2021-09-02&CK=1819848&utm_campaign=Stock%20Commentaries%202020&utm_medium=email&_hsmi=155688489&_hsenc=p2ANqtz-8yUmk5bXcMAFalL9XblH1CClnFZ0f6WqegJRk_S4fTwtwSmEk80OArumK2vkRBq0qQKDoLjd8H6OVw6okPBWhfYSB0Yg&utm_content=155688489&utm_source=hs_email
So 90% of all shares might be on the market??
In addition, if you didn’t already know, Joby doesn’t plan to start commercial passenger service until 2024.
So that’s quite a bit of time for all of the market forces we hate to take JOBY a lot lower.
I was in it, but then I sold out of it for a modest profit on the day it first started trading on the NYSE as JOBY when it rocketed past $14.00. I plan on getting back in when it goes under $6.00.
I went back to analyze some of the PM options open positions. It looks like most if not all are out of the money and so far out that they don’t look like they will even recover by expiration. I joined PU and this group after most of these alerts were even issued so I’m not personally in them. But if I was in them, I would be very disappointed as there are huge losses incurred with some of these contracts. Has anyone on this group who has been using rapid profits or rebound trader been having success overall or have you been met with many losses?
I am in rebound. In Jan and feb there was no way you could ever see an option position not gain 200% it felt like. Then middle of feb everything thing dropped and nothing closed positive till about mid June. Since mid June there have been about 3 positive positions. Remember though options swings are incredible and 80% down could mean an easy gain when it bounces. They are super optimistic on the potions and my hopes are things make a come back. But this year overall I am down with rebound. I’ll be able to get a 2 year free since their guarantee did not pan out. But I foresee things stabling out and their way of picking positions will go back to where it was.
But yes overall I’m pretty disappointed and it’s frustrating. But for spending 3k on the program I expect it to turn around
I’m in both. Started off doing well end of 2020 and start of 21. Got hurt during the correction and still have some of those dying on the vine.
My lesson learned is to not dive into these without more investigation and looking at the overall market. If the market is due for a correction, I’m assuming it’s a bad time to be getting into most calls.
Also, when one is recommended because the stock made a huge gain, I’m waiting on those. Both the stock and option likely pull back a bit in the next couple days.
I also have trouble staying on top of them do to work. And these move quickly.