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Posted: 1/13/2021 6:27:34 PM EDT
[#1]
Quote HistoryOriginally Posted By apexcrusade: By Wallace Witkowski 'A long-buying tsunami ... is the primary factor for the price move,' short-selling expert from S3 says GameStop Corp. (GME) shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesn't think that's the case. GameStop shares surged more than 60% Wednesday -- which would be its largest one-day percentage gain ever, according to Dow Jones data --more than a week after short interest on the videogame retailer's stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the day's session, compared with a 52-week daily average volume of 6.5 million shares. While GameStop has 69.8 million shares outstanding, short interest on the stock rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data. On Monday, GameStop shares finished up 10% (https://www.marketwatch.com/story/gamestops-stock-shoots-up-after-reaching-agreement-with-activist-investor-2021-01-11) after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. Also, on Monday, the company said holiday same-store sales rose 4.8% and that digital sales had jumped 309%. While noting that shorts definitely were a part of the buying binge, Ihor Dusaniwsky -- the head of predictive analytics at financial technology and analytics firm S3 Partners, which specializes in analyzing data on short selling -- said he doesn't agree that GameStop's price surge was the result of a squeeze. "GME's board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move," Dusaniwsky said in emailed comments. "While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question -- did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?" Dusaniwsky believes it's the former. "We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning," the analyst said. "Long buyers are the primary force driving GME's stock price up. " GameStop shares have skyrocketed more than 500% in the past 12 months, compared with a 16% gain in the S&P 500 index and a 42% rise in the Nasdaq Composite Index . -Wallace Witkowski; 415-439-6400; [email protected] (END) Dow Jones Newswires January 13, 2021 14:48 ET (19:48 GMT) Copyright (c) 2021 Dow Jones & Company, Inc. Cough, cough, bullshit. |
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Posted: 1/13/2021 6:31:30 PM EDT
[Last Edit: sitdwnandhngon]
[#2]
I saw POWW on reddit this morning, thought it wouldn't move much so I didn't grab any.
Should have expected that. If you look at Olin and Vista Outdoors, both are sitting at $28 right now. POWW might end up around the same if people are loading up on ammo stock. |
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Posted: 1/13/2021 6:38:15 PM EDT
[#3]
GameStop made people millionaires today.
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Posted: 1/13/2021 6:50:23 PM EDT
[#4]
ZOM 0.87
Must be a sign |
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Posted: 1/13/2021 6:51:26 PM EDT
[#5]
Quote HistoryOriginally Posted By IL2windhawk: ZOM 0.87 Must be a sign Hype died down obviously. |
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Posted: 1/13/2021 6:55:37 PM EDT
[#6]
Hmm, back in to ZOM after hours at 0.88.
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Posted: 1/13/2021 6:56:18 PM EDT
[#7]
Quote HistoryOriginally Posted By CamelPatriot: Hype died down obviously. Huge drop in volume today vs the rally. I think it's a good company to hold, especially at sub $500M valuation... but I fear the temptation management will have to dilute the shares. Lots of money on the table for them right now if they wanted to grab it. Anyways, I bought some at 0.87 for overnight hold. Just because I hate sleeping i guess. |
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Posted: 1/13/2021 7:00:09 PM EDT
[Last Edit: Osprey61]
[#8]
Quote HistoryOriginally Posted By CamelPatriot: Big AH MVIS drop. Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously. This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. Stupid game played by day traders who think they're "moving" the tape. It's actually called "painting the tape". The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts. 17:37:32$6.25 20 17:37:19$6.29 1 17:37:13$6.29 100 17:37:12$6.26 500 17:36:57$6.29 125 17:36:37$6.26 148 17:36:26$6.29 25 17:36:07$6.29 3 17:35:29$6.26 15 17:35:27$6.29 5 17:35:22$6.29 1 17:34:55$6.28 6 17:34:52$6.26 10 17:34:44$6.26 225 17:34:32$6.25 71 17:34:30$6.26 100 17:34:22$6.25 2 17:34:19$6.25 165 17:34:18$6.25 2 17:34:02$6.26 100 |
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Posted: 1/13/2021 7:00:55 PM EDT
[#9]
Quote HistoryOriginally Posted By Osprey61: Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously. This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts. 17:37:32$6.2520 17:37:19$6.291 17:37:13$6.29100 17:37:12$6.26500 17:36:57$6.29125 17:36:37$6.26148 17:36:26$6.2925 17:36:07$6.293 17:35:29$6.2615 17:35:27$6.295 17:35:22$6.291 17:34:55$6.286 17:34:52$6.2610 17:34:44$6.26225 17:34:32$6.2571 17:34:30$6.26100 17:34:22$6.252 17:34:19$6.25165 17:34:18$6.252 17:34:02$6.26100 Ah, thanks that makes sense. |
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Posted: 1/13/2021 7:12:32 PM EDT
[#10]
Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses.
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USA
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Posted: 1/13/2021 7:23:30 PM EDT
[#11]
Quote HistoryOriginally Posted By Dr-G: Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses. |
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Posted: 1/13/2021 7:43:20 PM EDT
[#12]
TANH is seeing some chatter on Reddit.
EV/Clean energy company, and Biden has an announcement about clean energy plans coming up. They haven't seen any major spikes, and were at $4 before a big offering in November. |
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Posted: 1/13/2021 8:02:36 PM EDT
[Last Edit: Admiral_Crunch]
[#13]
Quote HistoryOriginally Posted By CamelPatriot: Big AH MVIS drop. Because of course it did. Actually looks like it's recovered most of that drop. |
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Posted: 1/13/2021 9:08:32 PM EDT
[#14]
Quote HistoryOriginally Posted By Whippet06: I'm currently down $1400 on ZOM but I'm not worried. The feeding frenzy will start up again soon. Plus we can be pretty sure it will happen before the end of March. The stock is on peoples radar and they know when market launch is scheduled. FOMO will bring them back. Yeah. I want to pick up some more if it drops. |
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Posted: 1/13/2021 9:18:46 PM EDT
[#15]
Quote HistoryOriginally Posted By Osprey61: Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously. This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. Stupid game played by day traders who think they're "moving" the tape. It's actually called "painting the tape". The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts. 17:37:32$6.25 20 17:37:19$6.29 1 17:37:13$6.29 100 17:37:12$6.26 500 17:36:57$6.29 125 17:36:37$6.26 148 17:36:26$6.29 25 17:36:07$6.29 3 17:35:29$6.26 15 17:35:27$6.29 5 17:35:22$6.29 1 17:34:55$6.28 6 17:34:52$6.26 10 17:34:44$6.26 225 17:34:32$6.25 71 17:34:30$6.26 100 17:34:22$6.25 2 17:34:19$6.25 165 17:34:18$6.25 2 17:34:02$6.26 100 Good post, I did not know that. Of course, I know very little about the subject matter at hand...
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Posted: 1/13/2021 9:23:20 PM EDT
[#16]
Quote HistoryOriginally Posted By Dr-G: Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses. I'm in the same boat, had FOMO on ZOM and now I'm a bag holder |
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Posted: 1/13/2021 10:59:07 PM EDT
[#17]
Quote HistoryOriginally Posted By snakes19: I'm in the same boat, had FOMO on ZOM and now I'm a bag holder What are you in at? |
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Posted: 1/14/2021 12:35:49 AM EDT
[#18]
ENZC is still killin’ it!
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Posted: 1/14/2021 3:07:23 AM EDT
[#19]
I've been hearing a lot about CTRM (Castor Maritime). Looks real promising!
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Posted: 1/14/2021 6:30:18 AM EDT
[#20]
Quote HistoryOriginally Posted By skipper469: I've been hearing a lot about CTRM (Castor Maritime). Looks real promising! Someone on r/pennystocks said to be very careful with it if you don't have day trading turned on, as they have a history of being pumped with some sort of hype only to tank. They currently have one employee. |
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Posted: 1/14/2021 6:57:01 AM EDT
[#21]
PTE is starting to move.
TNXP has a conference today, so might be worth watching to see if it jumps for quick profit. |
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Posted: 1/14/2021 7:40:43 AM EDT
[#22]
Thoughts on DFLYF, is this something we should get into before it spikes?
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Posted: 1/14/2021 8:15:06 AM EDT
[Last Edit: KaiK]
[#23]
Nm I are confused.
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Posted: 1/14/2021 8:15:43 AM EDT
[#24]
Quote HistoryOriginally Posted By KaiK: Cough, cough, bullshit. Quote HistoryOriginally Posted By KaiK: Originally Posted By apexcrusade: By Wallace Witkowski 'A long-buying tsunami ... is the primary factor for the price move,' short-selling expert from S3 says GameStop Corp. (GME) shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesn't think that's the case. GameStop shares surged more than 60% Wednesday -- which would be its largest one-day percentage gain ever, according to Dow Jones data --more than a week after short interest on the videogame retailer's stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the day's session, compared with a 52-week daily average volume of 6.5 million shares. While GameStop has 69.8 million shares outstanding, short interest on the stock rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data. On Monday, GameStop shares finished up 10% (https://www.marketwatch.com/story/gamestops-stock-shoots-up-after-reaching-agreement-with-activist-investor-2021-01-11) after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. Also, on Monday, the company said holiday same-store sales rose 4.8% and that digital sales had jumped 309%. While noting that shorts definitely were a part of the buying binge, Ihor Dusaniwsky -- the head of predictive analytics at financial technology and analytics firm S3 Partners, which specializes in analyzing data on short selling -- said he doesn't agree that GameStop's price surge was the result of a squeeze. "GME's board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move," Dusaniwsky said in emailed comments. "While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question -- did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?" Dusaniwsky believes it's the former. "We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning," the analyst said. "Long buyers are the primary force driving GME's stock price up. " GameStop shares have skyrocketed more than 500% in the past 12 months, compared with a 16% gain in the S&P 500 index and a 42% rise in the Nasdaq Composite Index . -Wallace Witkowski; 415-439-6400; [email protected] (END) Dow Jones Newswires January 13, 2021 14:48 ET (19:48 GMT) Copyright (c) 2021 Dow Jones & Company, Inc. Cough, cough, bullshit. Short, eh? |
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Posted: 1/14/2021 8:51:30 AM EDT
[#25]
Quote HistoryOriginally Posted By apexcrusade: Short, eh? Me, no. Someone mentioned like 4 months ago how super short game stop was and they were going to get squeezed. |
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Posted: 1/14/2021 8:56:58 AM EDT
[#26]
Quote HistoryOriginally Posted By Yojimbo: Thoughts on DFLYF, is this something we should get into before it spikes? Not sure but they have an offering of 47 cents a share plus option to buy more at 71 cents after nine months.... I'm a rookie and went against my better judgment but I pulled the trigger. Don't want to directly link since the policy isn't well known to me (hence doing it against my better judgment) but search draganfly dealmaker if curious |
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Posted: 1/14/2021 9:00:38 AM EDT
[#27]
Anyone else looking into BSRC? Looks like it may have some potential.
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Posted: 1/14/2021 9:02:09 AM EDT
[#28]
Quote HistoryOriginally Posted By Yojimbo: Anyone else looking into BSRC? Looks like it may have some potential. Can you TLDR why or put a link for me to read? |
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Posted: 1/14/2021 9:08:03 AM EDT
[#29]
Quote HistoryOriginally Posted By DeereDigger: ENZC is still killin’ it! https://www.ar15.com/media/mediaFiles/490893/80B3D157-141F-4198-9015-6E71097C175B-1778521.jpg Tell me more! |
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Posted: 1/14/2021 9:09:22 AM EDT
[Last Edit: Yojimbo]
[#30]
Quote HistoryOriginally Posted By CamelPatriot: Can you TLDR why or put a link for me to read? I can't quite remember where I got the tip from but I had it added to my watch list and was looking more into it. Folks on stocktwits seem to talk it up. https://stocktwits.com/symbol/BSRC StockInvest.us give is it a pretty high buy rating. https://stockinvest.us/stock/BSRC |
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FL, USA
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Posted: 1/14/2021 9:09:34 AM EDT
[#31]
BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50
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Posted: 1/14/2021 9:13:31 AM EDT
[#32]
Quote HistoryOriginally Posted By BeerMeNow: BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50 Too late to buy? |
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FL, USA
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Posted: 1/14/2021 9:24:04 AM EDT
[#33]
Quote HistoryOriginally Posted By CamelPatriot: Too late to buy? Quote HistoryOriginally Posted By CamelPatriot: Originally Posted By BeerMeNow: BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50 Too late to buy? Bngo is a swing trade for me. I was in and out taking profits on the way up and bought back in when it dipped into the 4’s if you’re looking for a quick 50% today you might not get it but it will run up a bit. ETFs and institutional investors have been cashing out of their competitor. Speculation is they plan on scooping up some BNGO. Many of them are attending the symposium going on this week. I’ll probably sell half if it gets between 8-10 this week and hold the other half long. EYE’s is more of a gamble and looks like it could run a little today. As always do you own DD and buy on the morning dip if you decide to get it. |
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Posted: 1/14/2021 9:26:49 AM EDT
[#34]
I might grab some POWW today to see if it jumps again.
They will probably at least be stable over the next year with ammo orders running full tilt. |
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Posted: 1/14/2021 9:27:17 AM EDT
[#35]
Anyone think we will see more upward movement with GME today?
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Posted: 1/14/2021 9:33:44 AM EDT
[#36]
Quote HistoryOriginally Posted By Yojimbo: Anyone think we will see more upward movement with GME today? Yes. Premarket is volatile |
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Posted: 1/14/2021 9:34:51 AM EDT
[#37]
Quote HistoryOriginally Posted By 97tjgunner: What are you in at? 1.30 but not for a huge amount of shares thankfully |
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Posted: 1/14/2021 9:45:13 AM EDT
[#38]
Quote HistoryOriginally Posted By apexcrusade: Yes. Premarket is volatile Quote HistoryOriginally Posted By apexcrusade: Originally Posted By Yojimbo: Anyone think we will see more upward movement with GME today? Yes. Premarket is volatile @apexcrusade How much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week? Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high. |
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IN, USA
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Posted: 1/14/2021 10:07:10 AM EDT
[#39]
Quote HistoryOriginally Posted By snakes19: 1.30 but not for a huge amount of shares thankfully Hold it. Better yet, average down and wait a month for another spike. |
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Posted: 1/14/2021 10:09:54 AM EDT
[#40]
Quote HistoryOriginally Posted By Yojimbo: Anyone think we will see more upward movement with GME today? I sure hope. I bought to cover the shares I was issued.
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Posted: 1/14/2021 10:10:10 AM EDT
[#41]
TNXP is hot today I hope. 276 shares at 98 cent average.
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Posted: 1/14/2021 10:24:04 AM EDT
[Last Edit: apexcrusade]
[#42]
Quote HistoryOriginally Posted By Yojimbo: @apexcrusade How much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week? Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high. Quote HistoryOriginally Posted By Yojimbo: Originally Posted By apexcrusade: Originally Posted By Yojimbo: Anyone think we will see more upward movement with GME today? Yes. Premarket is volatile @apexcrusade How much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week? Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high. It's just a difficult question to answer as there are multiple dynamics at play. My strategy is to hold a core position for the long term - I have some at 5.98, 8.45, low teens, so setting on a nice gain now.. Bankruptcy risk has been neutralized for now, we have new players getting into GME who appear to want to make it a successful company, (Cohen from Chewy) possibly via a merger or buy out, etc. So you have that. Also I think the short on this is something like 140% of total shares! I have been watching carefully for the mother of all short squeezes to come. If/When that happens I would be inclined to take some profits,. Therefore under that scenario you could get in at current prices and make out. I've noticed the action pre market and almost was going to make a quick trade. Seems the range is about $32 - $37, so in big at 32 and out at 37. So, I will hold the core position I have and maybe trade around that and take advantage of the volatility. To answer your question I have no idea on short term price action - it appears as if it might have found a new trading range meaning maybe support now at a higher price, until something happens, news, etc, but would not be uncomfortable picking up more in the low 30's right now If price goes down for a while, I am ok with it since I see long term value. If price spikes I might sell those for a quick gain and keep the core position. I guess my thesis from the start was to wait and wait for the short squeeze and then get out, things have change though to slighly modify that. I will take profits but probably keep a position for the long term. Right now it's trying to breach it's 52 wk high. |
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Posted: 1/14/2021 10:27:10 AM EDT
[#43]
In for more ZOM at .90
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Posted: 1/14/2021 10:27:25 AM EDT
[Last Edit: sitdwnandhngon]
[#44]
Quote HistoryOriginally Posted By CamelPatriot: TNXP is hot today I hope. 276 shares at 98 cent average. They have a conference today (I think today), might be a longer term hold as they have a few products in the works for this year, a multi strain covid vaccine being one of them. I might drop my PTE today for not much profit, I thought it would move more after their conference on Monday but it hasn't done much. |
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Posted: 1/14/2021 10:33:31 AM EDT
[#45]
Is ZOM dead?
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Posted: 1/14/2021 10:37:57 AM EDT
[#46]
Quote HistoryOriginally Posted By sitdwnandhngon: Is ZOM dead? Catalyst is in march, so no in my opinion. I expect 2-3 dollars. |
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NE, USA
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Posted: 1/14/2021 10:40:16 AM EDT
[#47]
I had 700 shares if zom that I bought on a whim, then sold it to buy more mvis.
Bought and sold at less than $.25. That little $200 investment could have paid for a new pistol for me lol. These stocks are a lot of fun. Would be more fun if I had better instincts
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Posted: 1/14/2021 10:40:36 AM EDT
[#48]
Quote HistoryOriginally Posted By CamelPatriot: Catalyst is in march, so no in my opinion. I expect 2-3 dollars. Robinhood restricted me from buying anything for 90 days. I can sell, but not buy. Guess I'll see how my ZOM does in March
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Posted: 1/14/2021 10:41:31 AM EDT
[#49]
Added some POWW this morning. Looking to hold this one for a bit and see where it goes.
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FL, USA
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Posted: 1/14/2021 10:42:00 AM EDT
[#50]
Quote HistoryOriginally Posted By sitdwnandhngon: Is ZOM dead? In the short term yes. Product launches in March. This was hype because of Carol Baskin. Expect it to slowly bleed for a little bit. I’m holding off until after the inauguration to see if Comrade Biden does anything to negatively impact the market right away. |
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