Stock market investments now or later and who?

Ron said:
I've debated putting this here - but I am going to and explain why a bit.

First, if you take investment advice exclusively from an offroad forum you deserve whatever you may get.
If you take investment advice from me exclusively you are a DA.

Do what you will how you will.

But this is a rare case where I have a long time friend in a uniquely knowledgeable position. To be clear he is not involved with the company I am about to mention - but is adjacent and as some knowledge that makes his advice credible to me.
I have thought about sharing this a few times but have not because I dont want to be seen as giving advice and then someone lose money.

However we are all sort of friends here and if I found out a freind of mine had a great opportunity and didn't at least share it - I might be a little let down. So in that vein...

And to be 100% clear - this is a "penny stock" way more risk than a traditional stock, but also way more potential upside.
Do your own due diligence make your own decisions etc etc.

This should never be a significant portion of your investment, but could be a fun little gamble. Like blackjack casino money.

I December of this year my above mentioned friend told me about this "too good to be true" company. Did a little digging and liked what I found.
I had $5k sitting in my IRA that was just in a nothing account so I figured give it shot and if it goes up in smoke - oh well.

Anyway stock symbol is RITE.
Its a mining/real estate play.

I bought in December at 0.0004 per share. Today its at .0022.
Person who told me about it says its expected to be in the .80-1.00 range by year end. There is reason to believe this is possible...but again do your own homework.
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They don't seem to have any employees on payroll and just paid the CEO a consulting fee it looks like, and report no revenue last quarter.

But I guess they own some mining equipment they could sell, and also are working on (and currently have some) land leases to potentially mine. They talk about how mining equipment might make them money, but then land leases, it confuses me on their actual strategy. But I'm sure they are trying to do something there which if they make money the stock will jump
 
They aren't supported on Robinhood. Poop. Guess I need to get my Fidelity account set up. This crap is why I'm about over Robinhood, half the fun stuff is unsupported. They took away my NRGU moneymaker a while back.
 
DSM Turbos said:
They don't seem to have any employees on payroll and just paid the CEO a consulting fee it looks like, and report no revenue last quarter.

But I guess they own some mining equipment they could sell, and also are working on (and currently have some) land leases to potentially mine. They talk about how mining equipment might make them money, but then land leases, it confuses me on their actual strategy. But I'm sure they are trying to do something there which if they make money the stock will jump
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My understanding is their big play has to do with the land/mineral value - and its tied to a (very) dated valuation that cant be renumerated until a few clerical milestones are achieved. FINRA/Reg A/Form 10 etc. - those are done/close to done.

The numbers floated - based on current conservative gold valuations could have the mineral reserves in the 10+B range.

Either way its a fun little distraction. if it does something crazy, Ill celebrate. If not...Ive wasted more on less.
 
Ron said:
My understanding is their big play has to do with the land/mineral value - and its tied to a (very) dated valuation that cant be renumerated until a few clerical milestones are achieved. FINRA/Reg A/Form 10 etc. - those are done/close to done.

The numbers floated - based on current conservative gold valuations could have the mineral reserves in the 10+B range.

Either way its a fun little distraction. if it does something crazy, Ill celebrate. If not...Ive wasted more on less.
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Agree, dump a few hundred in it, if you lose it so what. Same thing I did with VeChain
 
Penny stocks just hit 47.4% of total market volume.
 
Will Carter said:
I was short for about 2 weeks starting about 3 weeks ago. Dumped it at break even on Monday and got long again. Kinda looks like bulls want a push for SPY 622.23. It's on the buy right now. Let's see how the week closes.
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Thought about this again. This answer doesn't really correspond with what I've been preaching here. I trade charts between 5 min and weekly. That previous answer is a shorter time frame answer. Nobody reading this should consider going short SPY for any reason. Selling out and holding your cash is always perfectly acceptable position.

What it should have been was. "I've been in cash for a couple weeks waiting for a another buy continuation. Monday was that signal so I got back in with half my position. A good target would be 622.23. Good limit buys for pull backs on a weekly basis would be 578.00 and 566. If this week closes bullish above the highs of the past few weeks then add some more to the position for the 622 target."
 
benXJ said:
so buy and go down with the ship.

or win big!

typical
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You can still buy it and win big. I'd just wait until other people with more money than us start winning before you jump on the train. Right now the sellers are still winning. Need to see some people who are buying wining. See my past posts where I reference 'buyers made 1:1'. Meaning some people who made the gamble to buy have won some money before it hit their maximum risk loss. I used the same logic to make money this morning between the hours of 9:45 and 11:30. Waited to see some buyers make money, then i stepped in with them. Then we all made more money.
 
benXJ said:
yea....i gotta figure out how to 'win' when the stock i just bought goes down.....cause I do that alot
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Well here’s a simple start without a lot of work to keep you out of trouble. Think about the stock you want to buy (for whatever reason) and where you would sell it if you bought it right now and it went up. Example you want it right now at $15 and would be happy and take your money if it went to $30. We’ll call that $15 your 100% reward. Instead of losing all the time because you’re trying to grab your 100% reward just focus on trying to grab 60 or 70% of the move. Meaning maybe wait until you see $18 before you buy it (meaning you might have been right at $15) and taking your money at $28 (even though you might be right and it go to $30, but what if it only makes it to $29.50?)

So far you’re at 0% right? Shoot for that 60% first.

Hell if I can pull half of the days move I’m happy. I had longer term factors telling me 6200 was within reach today and figured buying the open was a safe bet. But I resisted to wait and see if anybody else thought it was a good idea first. It was kinda choppy this morning and took its sweet ass time to get to my first targets so instead of holding out for 100% of my idea I was just happy with the 50% and moved on with my day.

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Will Carter said:
Well here’s a simple start without a lot of work to keep you out of trouble. Think about the stock you want to buy (for whatever reason) and where you would sell it if you bought it right now and it went up. Example you want it right now at $15 and would be happy and take your money if it went to $30. We’ll call that $15 your 100% reward. Instead of losing all the time because you’re trying to grab your 100% reward just focus on trying to grab 60 or 70% of the move. Meaning maybe wait until you see $18 before you buy it (meaning you might have been right at $15) and taking your money at $28 (even though you might be right and it go to $30, but what if it only makes it to $29.50?)

So far you’re at 0% right? Shoot for that 60% first.

Hell if I can pull half of the days move I’m happy. I had longer term factors telling me 6200 was within reach today and figured buying the open was a safe bet. But I resisted to wait and see if anybody else thought it was a good idea first. It was kinda choppy this morning and took its sweet ass time to get to my first targets so instead of holding out for 100% of my idea I was just happy with the 50% and moved on with my day.

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You don't have to be specific, but approximately what volume of shares are you dealing with?
 
Kamel said:
You don't have to be specific, but approximately what volume of shares are you dealing with?
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I don’t do stocks. I trade futures contracts.
Between 1 micro ES and 5 e-mini ES contracts any given day. A lot of my sizing depends on how I feel mentally and emotionally. I didn’t sleep for shit last night, and it’s a Friday and the sun is shining which looks a lot more inviting out the window. So today is probably a 5 micro max kinda day.

If that’s what you’re asking.
 
Boeing has been on a run the last few months. It is almost back up to what I paid for it, LOL.

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