Economy stock talk v7, meme stocks go up

[brackis1]

If the stories about Sorrento are true how much more will it go up? I’m up 50% today when I bought right after opening.

Get the fuck out lol they are scam artists.
Yes it could go up, but me and @rob mafia have been talking about that stock for literally over a year now before Covid was even a thing. They're famous for ridiculous price swings and outlandish news about supposed takeovers and lawsuits.
Did you buy options? The stock is only up like 30% intraday.


edit: lol literally between the time I posted this and not it dropped 10%

 

[BIKES!]

Get the fuck out lol they are scam artists.
Yes it could go up, but me and @rob mafia have been talking about that stock for literally over a year now before Covid. They're famous for ridiculous price swings and outlandish news about supposed takeovers and lawsuits.
Did you buy options? The stock is only up like 30% intraday.


edit: lol literally between the time I posted this and not it dropped 10%

Just sold. I bought at 6:45ish PST when they were up 40% after reading the article first thing in the morning.

i'm curious to see where they end up. The articles seem promising but red flags everywhere

 

[brackis1]

Just sold. I bought at 6:45ish PST when they were up 40% after reading the article first thing in the morning.

i'm curious to see where they end up. The articles seem promising but red flags everywhere

What was your acquisition price? maybe the chart i'm reading has bad data.
Don't hate me if it runs big, but I just couldn't imagine sitting on a nice gain in something so dicey and not walking away with it.

 

[BIKES!]

What was your acquisition price? maybe the chart i'm reading has bad data.
.

3.98

Sold at 4.62

 

[brackis1]

3.98

Sold at 4.62

Congrats on the score! You're lucky cause that shit opened at like 4.5 and dumped hard.

 

[BIKES!]

Congrats on the score! You're lucky cause that shit opened at like 4.5 and dumped hard.

Benefits of being west coaster. Read articles on the shitter, best time for impulsive buys.

 

[brackis1]

Benefits of being west coaster. Read articles on the shitter, best time for impulsive buys.

Both of you dumped at the same time.

 

[rob mafia]

If the stories about Sorrento are true how much more will it go up? I’m up 50% today when I bought right after opening.

lolz, the one talking shit on people for being in the market bought srne.

 

[brackis1]

lolz, the one talking shit on people for being in the market bought srne.

But of course it's up 20% from there to 5.5. So it goes. Wild ass carneyville times for companies with the way the internet and "news" go.

 

[BIKES!]

lolz, the one talking shit on people for being in the market bought srne.

I shifted my nest egg to all Bonds.

I still Day Trade with play money. I need my fun.

 

[brackis1]

I shifted my nest egg to all Bonds.

I still Day Trade with play money. I need my fun.

lol that shit went up 25% since i told you to sell whoops. I'm curious if people are buying the news. I do tend to underestimate the Fox news Fad pumps. I held WKHS from .8 to 1.8 on a Trump mention and missed it running to 3 for example. I would never hold this over night tho since they'll prolly use the surge to raise capital regardless of whether it's true.

 

[BIKES!]

lol that shit went up 25% since i told you to sell whoops. I'm curious if people are buying the news. I do tend to underestimate the Fox news Fad pumps. I held WKHS from .8 to 1.8 on a Trump mention and missed it running to 3 for example.

Yeah, selling at 4.62 could have been a lot better. If it hits 8 or 9 I will vomit.

 

[brackis1]

Yeah, selling at 4.62 could have been a lot better. If it hits 8 or 9 I will vomit.

lol don't beat yourself up either way, that's the key to getting on with it and making the right moves based on reasonable analysis rather than chasing some emotion after the move already happened.
It's literally no different than making the choice to bet on a 2-1 underdog in an MMA fight. Huge exposure for a potential double up. Happens every day somewhere.
Plus the fact that if you asked anyone "hey want to make 20% in a day on stonks?" like you did, they'd be stoked af.

 

[brackis1]

edit wtf site is broke double post

 

[brackis1]

edit wtf site is broke double post

 

[brackis1]

LOL yet another piece on CNBC about musk.
"once in a generation entrepreneur making best of breed products"

 

[brackis1]

Hey @BIKES! was I right or was I right? lol Obviously I missed some of the run, but as I said, definitely a Fox News pump and overall scam. If there was something real here the biotech community would have been throwing money at this hand over fist I'd think no? Instead it went down 15% between tuesday and now (when this biotech reporter got hit pitch email).
"STAT's Feuerstein says Sorrento 'blitzed' reporters with pitches this week STAT's Adam Feuerstein just tweeted, "$SRNE blitzed reporters earlier this week with embargoed pitches for today's nonsense news announcement. My email arrived Tuesday. I was ignored it bc the pitch was dumb. Fox bit, apparently." Shares of Sorrento Therapeutics are up 161% to $6.84 in afternoon trading.
"

 

[rob mafia]

lolz @ cnbc getting it wrong re: semis (tsm opening a fab in the usa)

like... every damn time.

and the dumbass host things that tsm is in ccp china.

 

[BIKES!]

Hey @BIKES! was I right or was I right? lol Obviously I missed some of the run, but as I said, definitely a Fox News pump and overall scam. If there was something real here the biotech community would have been throwing money at this hand over fist I'd think no? Instead it went down 15% between tuesday and now (when this biotech reporter got hit pitch email).
"STAT's Feuerstein says Sorrento 'blitzed' reporters with pitches this week STAT's Adam Feuerstein just tweeted, "$SRNE blitzed reporters earlier this week with embargoed pitches for today's nonsense news announcement. My email arrived Tuesday. I was ignored it bc the pitch was dumb. Fox bit, apparently." Shares of Sorrento Therapeutics are up 161% to $6.84 in afternoon trading.
"

Yeah, I just wish I didn't post here until it got up to at least 7.00 but hindsight is 20/20

 

[brackis1]

lol Sorrento just got a CNBC mention. With a bit of caution but still generally neutral.

 

[rob mafia]

well, took advantage of the pretty big tsm dip (4-5% is massive for them, they're low beta) to load up on more and sold puts for next week.

i guess i should be thankful that the talking heads got this so wrong. these morons think that huawei was/is a primary customer of tsm's and like i said, some of these idiots thought that tsm was chinese (as in, ccp/mainland). i can't tell if they don't know what the T in tsm stands for... or if they simply think that taiwan is part of the ccp... either way, fucking idiots.

shit, even if huawei was a huge customer, it just means more bookings for amd and nvidia. these tards don't even know that tsm's been at 100% capacity (and will remain so, they're literally the best)