Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Interesting piece put out this afternoon by Barrons.com
As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board.
No, we're not talking about GameStop (ticker: GME). Rather, Castor Maritime (CTRM). The dry-bulk commodities transportation firm was trading around 20 cents earlier this year until it was swept up in momentum as users of the message board recommended the company, sending shares as high as $1.95 .
The stock was identified as a potential gamble using methodology from recently published research paper -- from Alok Kumar of the University of Miami , Houng Nguyen of the University of Danang , and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics . The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks. "We assume that gambling in stock markets involves disproportionate amount of trading in lottery-like stocks," they said.
Castor topped the research group's list of New York Stock Exchange - and Nasdaq-listed companies that were potential "lottery stocks." Barron's added to a filter to the list to look at companies with market caps of at least $500 million and published the list in January.
We ran our version of that screen again this month. Castor Maritime topped our list this time.
Sundial Growers (SNDL), the cannabis stock, and Genius Brands International (GNUS), the children's media company, appear high on the list too. The top NYSE-listed stock was AMC Entertainment (AMC), the movie chain operator that, with GameStop , became a poster-child for the so-called meme stock revolution.
And what about GameStop itself? It's not in the top 20, but the methodology does put the video-games retailer high: Out of more than 3,000 stocks, GameStop ranks 128th as a lottery stock.
The stock scoring lowest in the lottery stock rankings was Google owner Alphabet (GOOGL).
Ranking Company
1. Castor Maritime
2. Sundial Growers
3. Genius Brands International
4. TherapeuticsMD
5. Ideanomics
6. AMC Entertainment
7. Ocugen
8. Ebang International Holdings
9. ElectraMeccanica Vehicles
10. Workhorse Group
11. Jiayin Group
12. Invesco Mortgage Capital
13. ChromaDex
14. Transocean
15. Gevo
16. Bionano Genomics
17. Clovis Oncology
18. Nano Dimension
19. W&T Offshore
20. Tellurian
Source: FactSet
As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board.
No, we're not talking about GameStop (ticker: GME). Rather, Castor Maritime (CTRM). The dry-bulk commodities transportation firm was trading around 20 cents earlier this year until it was swept up in momentum as users of the message board recommended the company, sending shares as high as $1.95 .
The stock was identified as a potential gamble using methodology from recently published research paper -- from Alok Kumar of the University of Miami , Houng Nguyen of the University of Danang , and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics . The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks. "We assume that gambling in stock markets involves disproportionate amount of trading in lottery-like stocks," they said.
Castor topped the research group's list of New York Stock Exchange - and Nasdaq-listed companies that were potential "lottery stocks." Barron's added to a filter to the list to look at companies with market caps of at least $500 million and published the list in January.
We ran our version of that screen again this month. Castor Maritime topped our list this time.
Sundial Growers (SNDL), the cannabis stock, and Genius Brands International (GNUS), the children's media company, appear high on the list too. The top NYSE-listed stock was AMC Entertainment (AMC), the movie chain operator that, with GameStop , became a poster-child for the so-called meme stock revolution.
And what about GameStop itself? It's not in the top 20, but the methodology does put the video-games retailer high: Out of more than 3,000 stocks, GameStop ranks 128th as a lottery stock.
The stock scoring lowest in the lottery stock rankings was Google owner Alphabet (GOOGL).
Ranking Company
1. Castor Maritime
2. Sundial Growers
3. Genius Brands International
4. TherapeuticsMD
5. Ideanomics
6. AMC Entertainment
7. Ocugen
8. Ebang International Holdings
9. ElectraMeccanica Vehicles
10. Workhorse Group
11. Jiayin Group
12. Invesco Mortgage Capital
13. ChromaDex
14. Transocean
15. Gevo
16. Bionano Genomics
17. Clovis Oncology
18. Nano Dimension
19. W&T Offshore
20. Tellurian
Source: FactSet
These last 7 days have been bad. lost almost a grand and my portfolio will dip into red soon. Feels like a train is being run on me.
I literally closed my shit out earlier today and have not looked back at it lol! Maybe tomorrow.
I lost a lot today. My wife is going to get 3 dozen flowers tomorrow. Tonight she’s getting nothing but fists and maybe a couple toes to the face.
Yea man. I already bought and ate the 7 layer dip off and on the last few weeks. Now I'm just in a serious holding pattern. Gotta wait it out and let some of my shit rise back up. (Hopefully)
LMAO!! Damn!! That's is messed up. Shit gonna rebound. I cannot buy no more fuckin dip cause I am out of chips! Imma just keep reading and learning some shit while I wait.
And mothafuckas really think they’re can go for another recession where they can feast.
You can’t time this market
It’s like Tesla
You keep waiting the next thing you know it’s going to be up again
If you are scared then dollar cost average in over the next couple of weeks
But start your
Position now if it has reached your target
Payday is friday Im gonna add $2000. Going to stay away from the tech stock and look at some value boring stock.
buy tech stocks while they are down
cashed in on GNUS this morning...........
HOFV making another push now.....
wont he do it.....
Hopefully some of y’all caught that DLPN rip. Opened at 13.00
Anybody get in?
it did.
i didnt wanna chase.
i had an opportunity to jump in around $11.....but i didnt think it would get any higher than that.
shit more than doubled that.
We actually have this stock.
$DIS just became a long term hold for me (bought it this time last year during the initial pandemic dip). It's interesting how high the stock price is without the theme parks being open/fully open. Maybe it's already priced into the stock, but if not... Could help boost SP. The streaming service must be doing its thing.
Either way dollar cost average...
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Today's most active penny stocks priced under $5 with quotes, charts, and technical analysis.
Opened an account for my 10 year old son today under mine. trying to teach him how to fish instead of buying the fish. Gotta start from somewhere. Gave him 200 dollars to play with so he can see how buying and selling stocks work. He's pretty excited about it.
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Awesomeness!!! Thanks for posting this!!
As soon as the pandemic hit I was thinking about dumping my Johnson and Johnson stock, because I know for many of you work from home niggas toothpaste, soap, or deoderant was no longer on the daily agenda. I will say they held steady and are actually up about $30 a share.
The Dow is up 250 but the nasdaq is down 40.
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