Sanrith Descartes
Veteran of a thousand threadban wars
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Investing General Discussion
- Thread starter Furious
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Fogel
Mr. Poopybutthole
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Furry
WoW Office
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SDNL is a meme penny stock that is being victimized by the current culture of gamestop flashmobbing. They are losing money at a shocking rate and their only option out is to print new shares like crazy until they bankrupt. I can think of no worse investment than buying into the longterm sustainability of retarded memestonks. Buying that is roughly the equivalent of buying 400 calls for gamestop dated in july.
Could it be worth something next week? yes. Will it be worth something at expiry? No.
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LachiusTZ
Rogue Deathwalker Box
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Can get 1/1/22 calls for the same price, if you want to hedge against missing a rocket moon diamond whatever
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LachiusTZ
Rogue Deathwalker Box
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Arden
Blackwing Lair Raider
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You do any DD on the company? Just curious. Deal with Amazon sounds... big. Surprised the stock has only gone up a little bit so far.
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Not yet I got caught up this morning with work. If I find anything I'll post it. I went ahead and bought some though. You never know what might happen.
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Pogi.G
Silver Baronet of the Realm
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Well I was right about the sell off/dip at open. Only problem is, it kept dipping... I believe it has ran it's course and taking it off my watch list. I hope everyone here made some tendies!
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Sanrith Descartes
Veteran of a thousand threadban wars
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Guess who? and it was 605 strike , expiring next week
Profit is profit, but I want to keep my shares
Fogel
Mr. Poopybutthole
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They're down 1 day after running up double digits all week. Pullbacks after this type of run are to be expected.
Pogi.G
Silver Baronet of the Realm
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Pogi.G
Silver Baronet of the Realm
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I hope you are right, but I have seen a number of these momentum stocks with little fundamental value never get close to prior highs.
Sanrith Descartes
Veteran of a thousand threadban wars
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You got a week, I will be surprised if it stays up here. If it does and you want to keep the shares, wait until expiry day, usually in the afternoon. At that point 99% of the time value has eroded and you can roll out and up using the time value of the new option as profit. It takes some playing around with the various strikes but I did it with DAL for 5 or 6 weeks when it went sideways on me with a spike upwards.Guess who? and it was 605 strike , expiring next week
Profit is profit, but I want to keep my shares
Pogi.G
Silver Baronet of the Realm
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Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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Furry
WoW Office
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I'm not saying there isn't money to be made riding the wave of stupidity. I've tossed my money at some of these memestonks. But your mentality needs to be to get in early, get out while its hot, and not become one of the bagholders when he hedgefunds all pop out and start taking profits. Long dated calls is the exact opposite of that sort of mentality, and will backfire.
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