₦airaland Forum

1kinggy:
Square SQ is on a dip. Had it on my watchlist for a while, can I strike now?

Cc: yeryer, oakpearl, seyisanya, arduino

I've been in and out of this name for some time I've always made money from it. I bought it when it was $73 because I knew they would benefit from a push for contactless payments during the pandemic, but I chickened out and sold at $81 when an analyst downgraded the stock. I know better to take analyst recommendations with a grain of salt but I was compelled to sell it because several times in Square's (SQ) history, whenever you think it will propel towards the $100 range, it sells off. So I thought that will be the case this time around but I was wrong.

I still like the stock but it has run up too fast, maybe wait for a pull back for a better entry point.

OakPearl:
Looks like the deed is about to begin.
Now $18.95 gaining $2.16 already today.
Eyes on the ball.
#SPCE

Once a favourite on this thread, it has been trading sideways. Maybe this time it can carry us to the moon

OakPearl:
Na learner I be sir oh.

Modesty is allowed

ebuka1997:
I want to hop on too, it was so oversold. I was actually in it but bought a bit high, na stop loss save my portfolio I might just buy long calls. Heard they’re bidding for a $6 billion usps contract this month

Looks like I got in late, but I only have a small position In it. If they win a $6billion contract, that will be 4 X their market cap, I can't even imagine what that would do to the stock price!

arduino:
Thanks.
With its level of cash reserve, I don't know what is keeping it @ sub $50.

As in. With all the troubles Facebook is facing, Twitter and snapchat should be benefiting and gaining more ads revenue. I think it just needs a few analyst upgrades to boost the price.

ebuka1997:
Its probably as a result of competition in that space from the likes of grubhub and door dash. Uber, door dash and grubhub are the 3 biggest food delivery companies, uber initially wanted to buy grubhub to consolidate but it wasn’t successful.

You are right bro. I see you suggested Workhorse (WKHS), me sef don join that train o

OakPearl:
Sorry bro, my bad.
Very regrettable.
Na the same wahala of time cause am.
24hrs no dey do again.

We dey the same boat... but we go make time chop American dollars

OakPearl:
A second look at this your hilarious conclusion as Oga Seyisanya laughed about it drew my attention to something that looks like this theory in my last post on 5 EV stocks.
NIU.
It has moved from $15 when I posted it the day before yesterday to around $22.

Kai, this guy na wizard

And just like that the stock is up 11% today. I will it here even if na 1 share

arduino:
Wetin dey happen to Twitter nah??
Go front......No, oya go back.... Mba

LOL e dey move for me. Twitter is one of those stealth stocks people dont talk much about. Patience is virtue sir.

Penboy:
That's like how much profit already?!
Enjoy bro. �

Oh $915

YerYer:
I'm buying Amazon (AMZN). They are hiring about 75,000 people after just hiring 100,000 people last month. In a time when most companies are laying off employees, these guys can't even keep up with the demand. They had suspended sale of non essential items just to focus on really needed merchandise during the coronavirus outbreak but today they just announced that they will be selling non-essential items once again. As more people are stuck at home, they continue to buy everything online even groceries. This is one of my favourite companies of all time. I made $25k profit on this stock alone 2 yrs ago (https://www.nairaland.com/2460429/us-stock-market-even-playing/15). I bought 1 share at $2150 and plan to buy the dips.

Amazon crossed the $3000 mark, currently up 42% and plan to hold.

1kinggy:
They need the market share.

That makes sense. Na so dem pursue Lyft commot New York.

OakPearl:
Na greed dey do them.
Postmates themselves were to do an IPO but chose the easy way out.
Na den I for buy based on this deal but den no dey listed.

Na fear catch them. Too many people to compete with, door dash, Uber eats, delivery.com, grubhub etc. Maybe they figured it will be harder to compete with the big boys in the long run. Can't blame them.

OakPearl:
Oh gosh!
Am biting my fingers now for skipping no. 4 in error.
Though we on the Fintechs side of the divide (Trove, Chaka, Bamboo) can't access it for now, our brothers abroad can make a kill.
No. 4 is AYRO.
AS at the time of posting this morning, its last closing price was $3.27.
As I type this, it's $5.33, a whopping 63% gain today!!!
At least I would have tipped it for YerYer when he asked but it skipped my memory while making that post.
Now you see why I was biting my fingers?
Painful.

You make me miss this bread today. they were up 100% at one point. Man I've so overwhelmed with work, i don't even have time to research stuff, na just work and sleep. But I've added AYRO to my watchlist. EV is the new goldmine!

seyisanya:
His other baby did a 52-week high of $12.30 today. NIO is on fire! Oga Oakpearl seems to like the 3 letters(I, N, O or N, I, O...) in any order.

Based on that rational, I looked up if OIN or NOI were real stock symbols so I can buy the stock now, I was highly disappointed

OakPearl:
Uber for fastest finger play.

I no understand this Postmates deal o. I thought they already have Ubereats, maybe this is so they can have a monopoly over the food delivery space? I guess they should thrive in this pandemic considering so many people are ordering food online.

abuabdullah:
A guy on tradeview said he bougth TESLA at $140! Yesterday I read on Bamboo that early this year somebody bougth approx 2,000 shares of INOVIO at $4 and sold at $32!

Na Oga Oakpearl buy 2000 share of INO, that stock is his baby

Alexandre7:
$BYFC
$UNOEK

Too much hype due to Blackout Tuesday.

Expecting them to make an upward movement.

Thanks bro. I will join you in this. Didn't even know anything about blackout tuedaay but I know those two stocks have been on a tear since the BLM movement

What are you guys buying today o?

mission08:
Yeryer, it's very nice to know you are also into cryp.to. Are you a hodler or trader? I got into cryp.to during the late 2017/2018 ATH and I was burnt cos I bought some worthless ICOs then. I've learnt my lessons though but I have not given up though. I held on to my position all through the long heart rendering bearish market....bad move though.....still holding till now ... gradually moving positions to projects with future prospects on the long run. Hoping the recent btc halving will bring about the much awaited bull run.

What's your take on the following picks: NE.O, EO.S, Ontology, Electro.neum, Xinfin, Hedera Hash.graph and Quant. It will be nice if you could please mention any project that is also worth following.

Thanks.

Apologies all for cross posting please...

I feel your pain. A lot of people got in during the ATH in 2017 and many were left holding the bag. I started buying bitcoin and the popular alts in 2013, then BTC was about $300 and I thought it was expensive for a virtual currency not back by any asset. I traded it then, and was surprisingly very good at predicting the price movements (you can check out my old posts).

Not to make this a long post, I'm basically a hodler now. I buy a small amount every month or when there's a huge selloff. Just like you, I got burnt buying into ICOs many of which became pump & dump schemes, but funny enough I still have some of those useless alts still sitting in my Binance wallet that I haven't checked in years. I cannot recommend any of the alts you mentioned as I haven't read their white papers or have forgotten what makes them unique. I bought Neo during the hype, I thought it was innovative but these days, I don't follow crypto news anymore but I still buy BTC. I also use BTC for remittance; when people in the US want to send money back home to naija, I'm able to offer them rates close to black market rates without any restrictions.

I will look into the alts you mentioned when I'm chanced, but I still think it's a good idea investing a small portion of your net worth into crypto as no one knows what will become of fiat money in the future.

Tobex4realTobex234:
@YerYer or any other person that uses eToro here, I honestly don't understand their app/website, is it only meant for trading because I cannot find the typical BUY/SELL options?

Sorry for the late response. I don't use etoro but I've seen it recommended on this thread before. I believe horlajide answered your question.

OakPearl:
Am sure rolling with legends here man!
Una dey pick the very ripe mangoes at the right time.
FSLY and SPOT added last week.

We are learning from you sir.

horlajide:
All 3 are solid! FSLY the only green in my portfolio on Friday with FB doing the most damage. Ironically just sold DOCU to buy INO and SPOT. EBAY is crazy tho!! Already achieved 100% YTD already. Definitely getting a slice when next I rebalance my portfolio

Congrats bro. Fastly (FSLY) is moving too fast abeg . EBAY needs to move to $100 so I can retire. But seriously you have some nice stocks that are poised to thrive during the pandemic. Hopefully I join you in buying SPOT this week, I won't miss this train.

mXz6:
Hi All, I have followed this thread from the first page and have gleaned insights on equities et al. Thanks @Oakpearl, @YerYer, and others for this wealth of information. I would like to know if any of the Fintech apps (Trove, Chaka, or Bamboo) offers special orders option (Stop orders and Limit orders) for fractional shares and if any allows withdrawal to a USD domiciliary account at the moment.

Oh I have no idea. I don't use any of them

Iamsoulomon:
Trove more than 2% and chaka mark up stock price 10%. Bro using meristem do you usually fill forms to receive your dividends?

10% markup is just criminal. If you are buying at 10% markup, you are already at such a disadvantage it's not even worth investing your money.

1kinggy:
So it's not just pure luck, but sometimes you still need the stars to align in your favor.

Isn't that what is called lady luck? And that sleep was good for your heart and wallet.

Absolutely, a little bit of luck plays a role. Imagine you buy high quality stocks today and tomorrow Russia attacks a NATO ally; it's safe to say the market will sell off. These are inherent risks that comes with investing. Long term investors will still have ample time to recover their loss but if it's a speculative trade like the short dated call option, its toast. The most important thing is having a higher win to loss ratio over a long period of time and that's not just pure luck.

I'm glad I slept off Friday morning, it was a bloodbath I didn't want to witness. EBAY, FSLY & DOCU saved me though.

seyisanya:
I disagree. I think it is more of luck meets preparedness. You definitely understand this market. More wins, boss!

You are right. There's a a method to the madness. But you know even after researching, identifying a trend and buying a stock, the market has a mind of it's own.
For example, Docusign (DOCU) the company that enables paperless contracts has been on a tear since the pandemic. The stock caught my eyes in the $70s but I was waiting on the sidelines thinking it will sell off at some point as the valuation was over stretched. The stock has rallied without retreat to $177 today. It caught my attention again after I recently signed two different contracts for two different companies using Docusign. So it clearly means that they must have the lion share of the paperless contract business and quite frankly I don't even know of any other alternative.
With the explosion of new coronavirus infections in Texas and Florida I was looking for more companies that thrived and will continue to thrive during the pandemic. So on wednesday when DOCU fell about 4% from its intraday high, I pounced on it and bought the June 26th call options with a $170 strike price. I'm not sure how much you know about options but the closer the expiration date, the riskier the option trade. With just 2 days to expiration, you will almost need a miracle for the stock to move as high as you want it or the call option will expire worthless. On friday morning at market open, I was down 60%; I could've closed my position for a 60% loss and moved on, but this was a speculative trade, almost like a lottery ticket; my plan was to hold till expiration, whatever happens.
I fell asleep and woke up later to see that the stock rallied later in the day and the call option gained 430% or or $2981. So it's not just pure luck, but sometimes you still need the stars to align in your favor.
The most important thing about investing is risk management. Diversifying your portfolio, cutting your loss and only opening positions that make up a small percentage of your overall capital. If you have only $1000 to invest for example, maybe buy stocks in 10 different companies with an average allocation of $100 for each company, then set your max loss at 15% for each position. This way that 15% loss will only amount to 1.5% of your entire portfolio. A lot of new investors want to do YOLO trades so they allocate a large portion of their networth on one trade and when the market sells off, they get wiped out.

I've just been so busy lately, I barely have time to even post here, but will continue doing my best. More wins for us all!!

sharpman1:
I should be getting live tips from you and have you on speed dial.

It's pure luck o. I lose as well.

OakPearl:
And there goes our dear INO.
While we were busy waiting for it to come to the $8/$9 junction for boarding, it catapults to $20 gaining over 30% today!

They announced that they won a $71 million contract with the U.S. Department of Defense (DOD) to scale up the manufacturing of their Cellectra 3PSP smart devices. The DOD will also acquire some of Inovio's Cellectra 2000 devices as part of the deal. Both of these devices are used to administer INO-4800 -- Inovio's potential vaccine for COVID-19 -- directly into the patient's skin.

This is one of the beauties of the US markets.
May you wake up one morning to find one of your stocks have jumped 90%!!!

I joined the bus this morning. Up $1775

afroxyz:
@oakpearl
@Yeryer

How do you see SPOT. Been watching the stock for a while now. I feel it's currently overbought and may dip soon, but it would make for a very good buy. I feel it's a potential AMZN. What are your thoughts?

I like Spotify (SPOT). After signing heavy hitters like Howard Stern, Joe Roegan and now Kim Kardashian, I strongly believe this is a streaming platform worh big goals. The makeup company COTY signed a Kardashian and the stock has been on a rocket launch since then. I don't know if and when momentum will slow down for this stock but I'm about to FOMO into it with a small position.

sharpman1:
Does it mean you can't exit before those dates you have there?

Absolutely. I can sell anytime, either to take profit, cut my loss or let it rid

sharpman1:
Okay.....can you please explain this 'call' trades?

Basically when the market was spooked last week with reports of increasing corona virus cases in some states, I had the hunch we may be having a 2nd wave or a continuation of the 1st wave so I bought call options in ETSY, ZM, APT, PTON, LVGO, EBAY and SLV. In a nut shell, If the stock goes up, the options trade goes up incrementally. They must stay above their strike price before expiration, if they sell off, I can lose 100% of the money I spent buying those call options. Currently up about $10k from these trades alone.