Stock Market Chat

@Ed209, you could send me $500 and I could lay the wager on the blackjack table. If I win $500 goes to this forum and $500 back to you. I may even get a BJ and get $750. If I lose, well then...

 

A little about my situation. We have a trust that I use for investing, but I can't withdraw funds. Also IRA's. Tinnitus Talk is one beneficiary.

I'm not on disability and my dental medical expenses are high. I have three hour sessions of dental and mouth treatments every two weeks. Last summer, my wife sat in the car for three hours with a book in the hot heat for my three hour dental session. She came into the dental office to pay at end of this session. The dentist said to her, for now on, you can sit or lay on my sofa in my office and watch TV or read a book.

Ed, we talked about this about 3 summers ago. Once posted on a hedge fund site which wasn't easy to get membership. Gave some ideas to hedge managers to research and they invested and made good returns. They then donated a lot of money to a hospital children's cause that I was involved with. Another consideration is most high tech and money management corporations have matching gifts.

 

What casinos you hanging out at?

 

I completely understand, Greg. It was just an idea I had so there's no pressure to participate. I just wanna make that clear. I figured it might add an extra element of fun to this thread.

 

@Greg Sacramento — I thought trust accounts normally invested in a conservative portfolio that you couldn’t control. I’m still learning.

 

None atm. I went to them years ago. Indian casinos. I was just kidding of course.

 

@just1morething The only exception that we have is allocation to private equity funds or hedge funds - not allowed.

 

We're up 22% so far.

 

It's in the top 4 gainers today. Let's hope it can keep this momentum a while longer (I've blacked out the name so as not to influence anyone).

 

Cardano has nearly doubled since I posted about it.

 

@FGG, could you take a look at this company for product development and give thoughts.

Zomedica Corp. ZOM, a development stage veterinary diagnostic and pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceuticals for the companion pet. Its lead drug product candidate is ZM-007, an oral suspension formulation of metronidazole for the treatment of acute diarrhea in small dog breeds and puppies. The company is also developing ZM-012, a tablet formulation of metronidazole targeting the treatment of acute diarrhea in dogs; ZM-006, a transdermal gel formulation of methimazole targeting hyperthyroidism in cats; and ZM-011, a transdermal gel formulation of fluoxetine for the treatment of feline behavioral disorders, such as inappropriate urination. It has a collaboration agreement with Celsee, Inc. for the development and commercialization of liquid biopsy assays and related consumables for the detection of cancer in companion animals; and with Seraph Biosciences, Inc. for development and commercialization of novel pathogen detection system.

 

I will have to look more into their liquid biopsy assays but as for their drug pipeline:

Every single product they are testing are already commonly compounded in compounding pharmacies already and are in wide use.

In fact, for Metronidazole we used to just get a large bottle compounded ourselves and dispense it from the clinic in small bottles (with labeled syringes) to save clients the trip to the compounding pharmacy. Some states are really picky about this, though. This also only applies to dogs under 10lbs but I probably dispensed it a few times a week as a compounded liquid (e.g. ZM-007).

I don't really see the need for ZM-012 unless it's the same price. Just put it in a pill pocket.

ZM-006 is the most needed of the lot. Methimazole in cats frequently has to be compounded into a transdermal gel because most people can't reliably pill their cats daily and hyperthyroidism is common in geriatric cats. Unless the cats get radioactive iodine treatment, they will also need this drug chronically. So this particular drug will be a hit unless they price themselves out of the inconvenience of a compounding pharmacy (even mail order compounding pharmacies can do this since it doesn't need to be delivered acutely like the Metronidazole). You highlighted that one so you might already be aware it's the most commercially promising.

As for ZM-011, supposedly a lot of vets reach for Prozac for things like inappropriate urination but I was never one and didn't work with vets like that. Most of the time, inappropriate urination is either medical (e.g. infection or FLUTD) or something that can be fixed with changes in the household. I did use it, but rarely and there were specific circumstances.

 

Was thinking that ZM - 006 might be the only one with value. Used compounding pharmacy for our cat with hyperthyroidism. Then she received radioactive iodine treatment i-131 ( became deaf) and had to stay in isolation for some time.

Thanks for your thoughts. First saw the stock at 8 cents and didn't do much research, but started to follow price about 3 weeks ago. Today, traded over 430 million shares. Profit taking may soon set in.

 

@Greg Sacramento, thanks for your input. I am trying to follow on the stock market (I am a newbie). Can you clarify the volume 430 million shares traded? I just go ta snap shot about the trading volume but showing yesterday volume at 60 million shares...

 

Greg was referring to the daily volume, as you can see here:



Your chart is showing volume throughout the day, so you'd need to add them all together.

 

Right now, we have a lot of extreme investing with not considering true valuations and this hype can hurt investors buying too high. I don't follow the crowds - rather do my own research and find companies that may soon appreciate.

I never place lots of money into one stock. Bought 100 shares of a gas energy Canadian car rental company at 3 not long ago and now it's 43 and over valued. Daily volume average has been only 200 thousand shares.

For years previously before tinnitus, I used most profits taking care of sick cats and dogs that no one wanted with family members and a group of nurses. Money to me is only for survival and to help others. I never been materialistic.

I would like to help those with tinnitus here make a little income by buying just a few shares of a mention, but I have concerns with this. I have twice read on other stock investing boards to come to this thread - mentioned was that a couple of posters are hitting it. With this, I'm afraid of manipulation and tinnitus friends then later buying too high. It may not be possible to make this thread for Tinnitus Talk members only and even with doing that, there may still be manipulation concerns and some buying too high without getting updates.

 

I wouldn't worry about market manipulation here, Greg. I know where you are coming from because I was a longterm member of the ii boards back in the day; it was a massive community at the time and had private boards also. There was a lot of people there who were clearly in cahoots and were pumping and dumping small cap stocks regularly. I sparked a huge debate when I called out the top guy with a large evidence-based post (showing some of his alts, also), and it got ugly. However, I received hundreds of votes of support from others who were onto him as well. Some were literally elated that I had the balls to go after him directly as people always tip-toed around him; I didn't give a shit .

I had some status on there as a top 50 investor and was quoted in multiple oil and mining stock articles, so people took notice. I had threats and all sorts, but I honestly couldn't stand seeing them screw over any more new investors by leaving them holding the baby, over and over again. I would send a message to a friend of mine predicting which stock they would target next and was often right. They were scum in my eyes.

Getting back to the topic at hand, I don't think it would be a problem here, as it requires active manipulation and a very calculated and coordinated effort for it to work. For example, claiming that a stock is about to shoot up in price by using a series a lies and false claims over a matter of weeks to drum up a lot of interest. They do this as a team so it appears as if loads of people agree with the fake claims and this creates a ton of FOMO, especially in places where there are a significant number of eyes looking on (such as ii back then, or Reddit/Telegram now). They have their orders set well in advance, and when the price starts to move, they bail, and so the bubble pops leaving all the unsuspecting victims in a hole. More recently, it has been done without the false claims. They simply form groups well in excess of 300 thousand people and actively pump what they are buying with the sole aim of raising the price. GameStop, AMC, Dogecoin and XRP are recent examples of this via 2 completely separate groups.

We are just sharing tips here, and I see no harm in that. As always, it's DYOR.

 

Noob looking for advice:

I have no experience with the stock market (other than mutual funds). I am primarily motivated by buying some stocks in biotech (Frequency Therapeutics). Which online brokerage do you recommend? I'm thinking Robinhood or Webull.

I'm also considering learning a lot more about the market. It would be nice if buying stocks at the level of "money I can handle losing" became a regular part of my life. Any recommendations?

 

Thank you for the clarification...

 

Don’t use Robinhood unless you want to be restricted at their discretion and dictated to about what you’re allowed to buy and/or sell.

I primarily use IG index for stocks and assets, and Binance for Cryptos.

My recommendation was Cardano, but it's now only a sliver away from doubling up since I posted last week. It's up another 23% today. At the moment, I'm up 600% on it, but it's still got plenty of room to grow. It just means the returns are now getting smaller and the risk is getting higher. If there was a wider market crash, for example, then it would just mean waiting longer. The fundamentals are strong.

It could easily go well beyond $5 in the longterm as it's Ethereum's biggest competitor along with Polkadot.

 

‘Moment of weakness’: Amateur investors left counting GameStop losses

Some short-term traders left out of pocket as popular stocks fall after frenzy

Pretty crazy... the ups and downs on this stock.

 

It pulled back the curtain and showed the rest of the world what we've always known, that the system is rigged in favour of the billionaires and hedge funds.

Shorting is a healthy part of the market as it allows smart investors to spot overvalued companies and bring them closer to their real-world value. However, what they were doing has been happening for years and it's wrong on every level. They were shorting more stock than what actually existed; they were dead set on obliterating GameStop purely to make money for monies sake. It happens all the time, and they got caught out big time and have been exposed to the world.

What's worse is that they have the power to get regulators involved to stop people from buying the stocks involved. This is unheard of, but it demonstrates how corrupt it all is in open view of the world. It's supposed to be a free market, yea right.

 

Ed, it has been a concern. I posted about a low price medical stock several months ago and volume and price almost immediately went up 30%. Before this, price was flat line for 12 months. I wrote again about this company a few months ago and price and volume doubled within minutes. Price continued to go up over the next several days with no news. This had never happened before in this company's ten year history.

 

That's not really manipulation, though, as there was nothing misleading about your posts (I assume?), and there was no malicious effort on your part in order to impact the price. If you are correct, that the price jumped because of your post(s), then it would have been at the buyers’ discretion, and not something they were manipulated into doing.

If this was considered manipulation then every financial newspaper and website would be in the same boat.

They regularly have articles informing their readership about which stocks they like.

 

I would recommend trying them out and seeing which one you like. I primarily use eTrade, but I have a Robinhood account as well (you get a free stock for signing up so might as well). Looking at the two now, I find eTrade to be much better. It provides you with a lot more tools for getting info on a particular stock (ex: Insider selling info, fund holdings, etc etc).

Be careful with biotech, it's highly variable and honestly it's hard to stomach sometimes. I'm long on FREQ though (as I imagine a lot of people on this forum are). When making an investment just be sure to make sure you separate your desire for them to be successful from the logical possibility of them being successful.

One other random bit of advice: Don't fall for the siren song that is a high dividend. I occasionally get seduced by high dividend stocks (AT&T (T) and IEP), and I always regret it. The dividend is nice, but the stocks always either end up trading sideways or down. From my own experience growth stocks are a better investment.

Final note: There's no one right way to invest. Several people have told me I lean too heavily into tech (it's most of my portfolio), but it works for me and I've made a good amount of money over the last decade. It's best to start out conservative, find what works for you, and be aware of the risks before you buy a certain stock.

 

I wouldn't use Robinhood out of principle. I think anyone who has the app should delete it and move to a proper investment/trading platform. I've never used it, but I've heard people saying it goes down a lot (which is the worst thing to happen if you've got a trade on). It looks like trash to me, but the fact there are no fees (and it has a very basic setup) seems to attract a large amount of people. They make their money in the spread.

https://www.investopedia.com/robinhood-review-4587919

They've also been accused of gamifying trading to get people addicted by using confetti screens and other such tactics that addictive gaming apps use.

 

If you're into Tech, I attached a watchlist I received yesterday... just as an FYI.

 

Interesting articla about ZOM:

Zomedica Is a High-Risk Trade, Not a Long-Term Investment

Key Take away:

High Risk Trade.

Not a long term investment.

ZOM stock has run too far — and is indeed too expensive.

Social media and other channels pushed ZOM it too high.

Valuation can’t last forever. Quite often, it doesn’t last at all.

Apparently, it was a post by Carole Baskin of Tiger King fame. Someone paid Baskin $299 to tout Zomedica on video-sharing platform Cameo. In response, the stock rose 171% over the two sessions.

Truforma platform is actually built on other companies’ technology. Zomedica has no patents of its own, which will require licensing fees paid to the intellectual property owners.

Market simply isn’t that big. The entire diagnostic market for companion animals should reach about $2.8 billion globally by 2024, according to Zomedica itself. The company is targeting only a tiny slice of that market.

Even if successful, Zomedica is not going to produce the profit to keep that valuation above even $1 billion.

Long-term investors care about that problem. Traders having fun generally do not. So, the issue is that, at some point, the traders will move on. When that time arrives, ZOM stock is going to give back a huge chunk of these gains.

 

I would avoid Robinhood. They don't offer much and are not stable. They couldn't handle the GME buys and they are gonna have a lot new lawsuits very soon.

I've used Robinhood, Webull and TD Ameritrade. When I first tried Robinhood it was easy as a novice. The interface is very slick. Then I moved to Webull. Interface wise, it's the best. But I left them because some of my shares were sold without my permission. No trade confirmation. Nothing. Also Webull is Chinese owned if that's an issue. I would stick with OG brokerages with a long history of stability. My favorites so far are TD and Fidelity. TD's ThinkorSwim app can be overwhelming at first but it offers a ton of features. A ton of indicators and studies. There is live chat technical support. Level II data is free. And if you like CNBC, it's streams right inside the Desktop app. I think you can open accounts with all of them with no deposit and just try the apps and compare them and then decide.

 

I got into this yesterday after re-reading your post and got the 26% gain today so thank you for that. How much longer, price or time wise, do you think it's safe to stay in? I'm working on increasing my position. Just waiting for the transfers.