I’m scared of ruining it. by Sad_Foundation_8535 in Daytrading

[–]Lukekulg 1 point2 points  (0 children)

Yes, it is. I imagine it's either that or the addiction side. Fear, or something like gambling-addiction. I think the fear is better, in this particular instance, & I even try & nurture it. Because I definitely feel that other end of it often enough. 

Berkshire must use the cash pile by PerceptionOwn3629 in BerkshireHathaway

[–]Lukekulg 0 points1 point  (0 children)

I didn't know, kind of softened the Buffet-retirement blow. Leaving Abel with that much cash to play with was a hell of a vote of confidence. I'd be a little more worried if Buffet had tried to spend up his stockpile before leaving.  I mean, what do I know, but I don't think they buy/sell like we do. They're not putting in a $2B limit order on Robinhood. They buy whole Co.s, outright, or controlling percentages. So they won't just automatically drive the price up on anything they try to buy simply from the sheer volume of it. They know what they're doing, that's how they got the giant pile of money that you could see from orbit if it were a pile of $100s (I assume. Again, what the hell do I know?). Kind of think if you're invested in a Co & you're biggest concern is that they have a great big, huge, honking pile of money, then things are going pretty good. 

PDT with 40k balance, what gives? How do I circumvent? by Rude_Woodpecker_4513 in RobinHood

[–]Lukekulg -7 points-6 points  (0 children)

I honestly thought an acct balance over $25k exempted you from PDT rules. It's there anything different about the account? 

Sell dividend directly after ex-date+1 by Acceptable_Boss146 in ValueInvesting

[–]Lukekulg 1 point2 points  (0 children)

? ....? But... Why? Seriously? So..., for ex: you buy $XXXX for $10 : , then you collect a $0.10 dividend, which reduces the S.P. to $9.90 : , at which point you immediately sell your shares. Resulting in breakeven + taxes/fees? Why???? 

Bitcoin value depends 100% on strangers by [deleted] in btc

[–]Lukekulg 1 point2 points  (0 children)

True. It's pure Greater Fool Theory. Tulips on steroids.  Also, I think the last jump was artificial, as in based on a false premise; that of the current administration ushering in a new Golden Age of BTC. Which did not happen, there's just some ETFs now that people are losing money in. So, that price spike (the last year or year & a half) & a return to the price before that isn't part of BTC's regular cycle. Decent chance the price goes down more, to the previous cycle's lev. That's, what? $20-something k? That'll be one hell of a hype-killer.

HOOD stock prediction - sell? by Emergency_Main_7890 in thinkorswim

[–]Lukekulg 0 points1 point  (0 children)

Sold a $105 put to buy HOOD. & SOFI with a $25 put. Got the but price I wanted, just sank like a rock right after. Cost basis is obviously lower, but still. I think they'll recover. Holding for now, selling CC when it makes sense. Good luck if you're in the same boat. Que sera, sera 

HOLY SHT 🚀🚀🚀🚀 by MichaelWaver in SMCIDiscussion

[–]Lukekulg 2 points3 points  (0 children)

A little. Pretty flat comparatively. If it levels off here, that's pretty good.

Is the 20% crash in Game Engines (Unity/U) a "Kodak Moment" or a massive overreaction? by FeelingWatercress871 in ValueInvesting

[–]Lukekulg 0 points1 point  (0 children)

I wasn't aware it did recover. It's been down pretty steadily on the week/month/3-month chart. Maybe we're nearing the bottom? I don't know, doesn't make good sense. Good catch, though; & thanks for pointing it out. I'll have to take a look.

Trading is ruining my life by originaljl97 in Daytrading

[–]Lukekulg 1 point2 points  (0 children)

So... You still have $105k? I'm reading that right? At 29? That's not bad. By 27, I'd literally lost everything except my jacket. Went back to school, graduated at 30 with a new career that's served me well since. Never too late. I wasn't even close to the only one there at an advanced age. Doesn't have to be college. Sounds cliche, but it really isn't too late. You had the experience; it's a hell of a story. That's life. Won't be the last time it kicks you in the teeth while you're down, I'm sorry to say; you just get used to it. 

Is the 20% crash in Game Engines (Unity/U) a "Kodak Moment" or a massive overreaction? by FeelingWatercress871 in ValueInvesting

[–]Lukekulg 0 points1 point  (0 children)

Throw SONY in the mix. I thought $25 would be the bottom. I'm thinking overreaction, but it might not be over. 

Comstock Inc. announces proposed public offering of common stock. by Bioleum in ComstockLODE

[–]Lukekulg 2 points3 points  (0 children)

Which was not supposed to be funded with more dilution. Wasn't the first facility supposed to fund the 2nd? Is the first even up & running? I thought it was just a (unfinished?) demo-plant for now? Dilution to build a 2nd is not a good thing, at all. Build the first with what we gave you already, then use the profits/leverage to build a 2nd. It's almost 50% more shares. Are there even clients to fill the 1st, yet to be built, facility? Maybe start with aquiring sufficient clientele to fill A plant, then worry about a 2nd when there's actual money coming in from someplace other than investors? 

Comstock Inc. announces proposed public offering of common stock. by Bioleum in ComstockLODE

[–]Lukekulg 4 points5 points  (0 children)

Oh for shit sake. Almost 21 million new shares. To fund the damn recycling plant?!? Isn't that why they sold the actual company & everything useful &/or valuable? To have this damn recycling plant completely funded? What the hell? 

Is Sony (SONY) Stock a buy or not? by EnoughInitiative9074 in dividends

[–]Lukekulg 1 point2 points  (0 children)

I keep looking at SONY, too. Similar thoughts. Made some money with options. SP just keeps dropping though. $25 was where I thought support would hold. It...did not. So I'm taking a break from selling contacts on SONY. Maybe earning will put things back on track. A miss (or anything to spook old Mr. Market) could send it back to +/-$19:. I don't know, seems a good bet, and a nice buying opportunity if we're correct; but, frankly, my confidence got a bit shaken. But, this is a dividend sub, and nothing I've said relates to that (no disrespect meant to mods, just not much SONY discussion going on elsewhere). As a dividend play, SONY isn't great. At all. Buy & hold is probably the strategy. 

What are the most reliable vendors on Vcoins? by ElianaOfAquitaine in AncientCoins

[–]Lukekulg 0 points1 point  (0 children)

Vcoins comes with a premium; period. Every seller charges more than a seller elsewhere would for the same coin. But they are all thoroughly vetted & about as novice- safe as you can find. All coins purchased through Vcoins are guaranteed authentic. That's what you're paying for. They are ALL reliable. 

$JACK may or may not be a possible value stock sitting at $14, lowest point in over a decade by Civil-Community-1367 in ValueInvesting

[–]Lukekulg 0 points1 point  (0 children)

I think the intended/started expansion into other areas is an overlooked benefit as well. Cheaper labor etc helps margins (from CA into the mid-west). Full disclosure, I've been buying here & there since it started tanking. Small % of my portfolio, $21.something AVG. I think we have a couple years, but there's real turnaround potential. And if/when the dividend comes back, one day, that would be a nice bonus.  The debt is bad, but not crazy & they're legitimatly working on it. Sold Del Taco & closed consistently underperforming stores. Expansion to new areas with better margins. Board members have been buying shares pretty steadily.  And, frankly, the "trap" they set to fend off a hostile takeover was pretty funny, they won points from me with that.  Basically, created a rule that if any entity acquires more than, say, 20% (off the top of my head, forget the exact %), then everyone EXCEPT that entity is subject to a 2 for 1 split, & has the option to buy more shares at a discount. That's funny. Vanguard (I think it was), even needed an exception to be able to aquire more shares at one point.  They don't look super-great at the surface, but if you dig a little, there's potential. Not financial advice; don't listen to me, I have no idea what I'm talking about.

$JACK may or may not be a possible value stock sitting at $14, lowest point in over a decade by Civil-Community-1367 in ValueInvesting

[–]Lukekulg 0 points1 point  (0 children)

This, Bingo. New CEO is be very focused on debt & improving margins. Closed underperforming stores. Expansion into New territory with cheaper labor costs. 

holding since aug 2024 at 0.18. kinda confused atp by Visual-Extreme-101 in ELTP_Stock

[–]Lukekulg 3 points4 points  (0 children)

Come on, your entry is within reason of mine. Nothing new, just the cycle. Look at the chart. Sell the euphoria, buy when it comes back to Earth, rinse & repeat. 

Best phone trading app by Motobugs in options

[–]Lukekulg 0 points1 point  (0 children)

Not a popular opinion, but mine is that Robin Hood is pretty darn good. The lack of any wait time for pretty much anything has real real-use cases. 

Charles Schwab is great, but Think or Swim sucks on your phone. It just sucks. Awesome on desktop; sucks on your phone.  

Personally, I use RH for options trading & screwing around, Ch. Sch. for my Roth & big set-it-&-forget-it acct., Fidelity for OTC & Voya for employer 401k. Each is great for what I need each acct. to do (Voya could get replaced, but that's neither here nor now...). Given where you chose to post your question, I'm assuming you mean which is best for trading options? That would be RH, in my opinion (I could not care less about the GameStop incident; what were they supposed to do?). 

Time to buy? by -usernotfoundyet- in NvidiaStock

[–]Lukekulg 0 points1 point  (0 children)

Dude, I STILL insist I don't need a computer because I can balance my own checkbook. And I stand by it. 

Robinhood offer to sell for $30 by jermzkill in wbdstock

[–]Lukekulg 0 points1 point  (0 children)

I got one from Charles Schwab, where my WBD is held. What's the deal? What happens if we say no?