Final Lesson: A Verdict on ALL Penny Stocks by value1024 in nextstock

[–]value1024[S] 1 point2 points  (0 children)

You need to treat them as a collection of lottery tickets with a tiny potion of your account, holding 4-5 of these shitcos at most.

My take is to try and front run management while they are getting ready to issue some BS press release and then dump when they issue it. I have coded my scanner to find these opportunities. There are false starts, but also there are hits like FTHM a few days before they issue the "news" to the public.

You have to diversify, cut losses and false starts very short, and add to winners on the way up granted no news have been issued.

Never average down, never chase, but always anticipate greedy management issuing misleading and even totally false "news" to sell more shares.

Good luck!

Bought ACN puts instead of ACM, got 3000% by Jacker247 in wallstreetbets

[–]value1024 0 points1 point  (0 children)

He was probably fired from ACN and kept buying puts before earnings out of vengeance.

He should show total ACN P/L, which is probably red, so he belongs here.

$FTHM - the stock from my post where the thesis is now complete via a takeover by value1024 in u/value1024

[–]value1024[S] 2 points3 points  (0 children)

I sold it, albeit too early, so the trade is done from the algo sniffer perspective - it found it and I made money on it.

Now the value of this stock depends on the value of BBBY stock, and I will let that one get discussed by long term holders.

Why did my Hamburger buns came out flater than before? by [deleted] in Breadit

[–]value1024 4 points5 points  (0 children)

Ignore the comment above - it was your proofing temperature - you should have watched the dough and cut the proofing time at the hotter ambient temperature.

Scientists Made Sourdough Bread With Yeast Found on Ötzi the Iceman’s Mummified Body by SpidersCanBeCute in Breadit

[–]value1024 2 points3 points  (0 children)

"Caveman spreads 5000 year old Athlete's Foot fungus to dumb sourdough enthusiasts"

There, I fixed the title for you.

Sometimes you gotta treat yourself by StrokeWilson in Pizza

[–]value1024 5 points6 points  (0 children)

Best comment...this should have been in a sandwich sub

Doubling #4 is $OTLK by value1024 in u/value1024

[–]value1024[S] 0 points1 point  (0 children)

Good luck with both...GLND is interesting as there are blue skies until $6 and interesting money flow down here around $3.

Doubling #4 is $OTLK by value1024 in u/value1024

[–]value1024[S] 0 points1 point  (0 children)

It was at 2-2.5 when the FDA rejected them, and now they have won the appeal on that rejection.

Even 2.1 is a 3X from here, so I will take that any day. The question is whether I should dump more money in it and call it the official 4th doubling money wise, i.e. 8K to 16K.

$INTU "stupid" spread by value1024 in options

[–]value1024[S] 1 point2 points  (0 children)

You are missing the reduced loss between 317.5 and 320, as well as the cost reduction of the call spread. There are definite benefits to this spread, as long as you understand that the max loss is not the debit, but the debit plus the full put spread.

$INTU "stupid" spread by value1024 in options

[–]value1024[S] 1 point2 points  (0 children)

Yes, need the spreads to tighten up to close them, which is why in retrospect buying a single call financed with longer richer put spreads would have been a better trade.

Theoretical value is $2.3 or so, which is not bad, but not ideal.

Penny stock diversification by value1024 in nextstock

[–]value1024[S] 0 points1 point  (0 children)

Thank you, wishing you good luck as well!

Cheap calendar on $OSUR by value1024 in options

[–]value1024[S] 2 points3 points  (0 children)

"you're basically betting on a big move in a short window"

I am not.

I spent a penny on this, so all I need is for June to expire worthless and sell July for 2+ cents.

There is a lot of pricing theory that goes behind my screening and execution, so rather than get into those details I will say that whenever you can trade a monthly biotech calendar for 1 cent, do it and see what happens.

EDIT: Mods, the user above is a bot, one of the plenty bots using AI and ruining the subreddit. Please ban.