I decided to become a trader in stocks, and since I already made over $10,000, I thought I would see what help U can get from the collective minds at FR.
Who knows, maybe someone will help me make another $10,000 so this 60 year old white man who speaks no Spanish won't have to look for a job in California.
Something going down goes down for a reason and usually keeps going down or stays down unless A Major catalyst is introduced or profits are slowly turned around, which takes a while.
See Twitter stock for reference.
My aunt kept buying it as it dropped because it’s “twitter” even though I told her not to.
Did you buy a ‘put’ on ATI? Looks like you had to satisfy a margin call. Good for you. Making the system work for your benefit. Did you need to have a Series 7 License to do this, or is that only to buy and sell individual equities?
The few years I spent in the 1980’s studying to obtain my Series 7 license was the only time I enjoyed working with math. Alas, my math was never good enough to master the fractions, decimals slopes and their later conversion to percentages, but I enjoyed the study nonetheless.
I get my vitamins locally or from SwansonVitamins.com. GNC is a scam.
I wouldn’t offer advice whether to purchase GNC or not. But for probably twenty years I’d go to a GNC in a mall about once a month. Haven’t even been in a GNC since about 2005 since I discovered online vendors such as vitacost.com and others.
Do you know if they’ve been closing stores in recent years? And how well is their online business doing? Those would be two good bits of information to have, as well as revenue and earnings trends over the past ten or so years.
Worse, the gyms finally got smart and started selling the same junk as GNC.
Overall, I think the stock is probably still overvalued. They have nothing in their hands that adds value to the company, and most of their products can be ordered easily from Amazon without a precious millennial stepping foot outside their door.
Unless you've got something that is making you think there's some secret value?
Malls are losing business due to “Mall Brawls,” BLM, and Jihadi shooters. They are especially losing middle class shoppers who have money to spend. As stores leave the mall the other tenants need to pay higher rent to keep the mall going.
Blue Horseshoe loves Blue Star Airlines. Sshhhh. Don’t tell anyone.
If I want to buy a nutritional supplement I go to Vitamin Cottage. GMC is sort of a cheesy place to get steroids that are somewhat legal. And everything at GMC is expensive. A super bowl ad is expensive and usually worthless. Try Yahoo Finance or Google Finance for information. Stocks to try: SHOP, HL, X, Amd, QLED, and sign up for the Motley Fool online advisers.
Vitamin industry maxed out with hundreds of suppliers. Online stores how i buy mine. If they have a weak online presence, I’d hesitate.
Stop. Back up. Never treat investing like a Hail Mary gambler. Make sure you have essentials taken care of before investing then invest into the broader market over a period of time. Never invest money in stocks you may need in the next 5 years. Day trading in your situation is asking for trouble. I wish you well my FRiend.
Stick with what you know. If you don’t know about nutritional products don’t buy stock in it. Most of the stuff is pure quackery and a high risk of getting lawsuits.
On common stock I NEVER permit more than a single digit decline from my buy price. I just don’t.
As we all know, it takes a 25% rise to make up for a 20% loss and about a 40% gain to make up for a 30% loss and a 100% gain to make up for a 50% loss.
But it (only) takes about an 11% gain to make up for a 10% loss.
Therefore; if you never allow more than about a 10% loss you never need more than (about) a 10% gain to return to breakeven, and let’s not forget, we have no real interest in breakeven.
You *CAN* if you prefer buy puts (with a total net delta equiv to your long stock position) on a stock falling from your buy price and thus “freeze” the money tied up. It amounts to the same thing, ignoring capital-tie-up.
If you are doing this for your living or thinking about same, you cannot be engaged in an argument with the market. You have a massively larger mandate to preserve your capital. With the exception of Nancy Pelosi’s IQ, there is no more irrelevant number in the universe than “what I paid for the stock”.
GNC, has been increasingly crappy lately. HIGH pressure saleskidz, inferior products. Insistence on proprietary in-house brands...It's vitamin shoppe for me.
I think it will be a good buy. Ginkgo sales way up for snowflakes self medicating Trump Onset Dementia. Stock prices will rise.
I don’t have any advice, but I’ll tell you why I never shop at GNC.
I can get the same things they sell cheaper online. So I haven’t been to one in years.
I also avoid malls due to roving youths that just made it uncomfortable time after time.
I don’t envision ever going back to a GNC.
Here’s my consumer point of view. As part of my fitness regiment, I take a regular rotation of 5 supplements, a multivitamin, and protein powder. The only reason I would go to GNC is because I forgot to order online.
GNC is regularly 25-50% more for the same, or inferior product. In the top ten lists of each supplement, multi, and powder, GNC never makes the list. If you know your supplements, you can tell by the list of ingredients that they are cutting corners on many of the GNC branded products.
The final straw for me with them was last week. I forgot to order l-Glutamine powder. GNC brand 8g selling for $15, and 10.75g selling for $25. For those of you living in Rio Linda, that’s $1.87 vs $2.32/g for the larger quantity. And, the smaller size was out of stock. Well, no thanks. It’s the little things, ya know.
Bodybuilding.com runs rings around GNC for anything vitamin and supplement related. Additionally, it’s a treasure trove of informative articles written by anyone fro experienced gym rats, to sports medicine scientists and nutritionists. The service is top-notch, and packages to your door, el pronto.
From an investment perspective, when you hear GNC, think Blackberry or Kmart. There is plenty of reason to believe that they will go the way of Circuit City.
I’ve been a RIA for 25 yrs, my average client is retired, has well over 1m with me. I have zero complaints on my record and beat the largest bank in the world in a harassment suit against me.
That said...
For the sake of your financial safety, your sanity, the integrity of your family....STOP.
You are playing a deadly game, and will make your life hell if you think you’re going to trade stocks out of the situation you are in!
Put your money in the hands of a reputable advisor, or a bank savings account. Find a job, new career, whatever.
What you and others are talking about here is pure speculation and risk.
STOP...it’s sad to see this.
GNC has one of the most hopeless 12 month stock charts I have ever seen.
Do Not Buy!
I'm curious about your screen name: OneVike
Does that mean you take one Vicodin tablet before you post?
If GNC is selling Vicodin off the shelf, maybe the stock does have a chance to rally.
I use to trade some and was considered a “contrarian” trader since I like to buy stocks when they were down. It did not scare me that they were down as long as I could see a reason that was temporary. They were not usually down that much for that long. Online competition and the collapse of the shopping mall may be part of the issue. I would not participate in this gamble. Looks all down hill to me.
I haven’t been to a GNC in a long time. Back in the 90’s I had a co worker who left his banking job to buy a GNC franchise. Don’t know how that turned out. Went to the local GNC a few years ago and the person working there was a real jerk.