ABW Stock Exchange: All Things Investing

Rubato said:
I haven’t been charged any fees but I don’t ask them for advice either
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Word. They dont have commissions on regular stocks so you wont see fees 95% of the time. But at times you might see a charge when buying certain funds. They really want to push people to buy funds that they manage, which isnt a terrible thing, they have some nice funds.
 
I love robinhood it's great for beginners n i love the interface. I have a dead bank account I don't use that's linked to my Robinhood. If I buy stocks it'll still make the purchase n I'll transfer my bank funds before or after the transaction no problems

But it does have limitations on shit like buying ETFs or mutual funds

Ally invest is another good one they just recently came out with an app
 
Got my first unemployment check today. Threw another 160 in robinhood. Bought more inseego (5g tower company, everything I read says to buy now before they rise. I bought at 11.49 a share, at 12.51 currently). Saw ford got a contract to build ventilators, bought a few shares from them around 5 bucks. Total invested 310, portfolio value 348. Get my last paycheck from job on friday (until I go back to work). Only gonna be like 25 hours on it. Might throw all that shit in stocks. Even with not knowing wtf I'm doing 100%, shit is fun af and addicting lmao. Will be alright cuz my unemployment is weekly and with the COVID unemployment stimulus they throw an additional 600 on your checks. Havent been unemployed in 11 years so my checks are already 600 without the stimulus. 1200 every week is plenty to live off of and pay all my Bill's and still throw shit in stocks lol.

I do miss the fuck out of work though. Gonna buy that book that was posted recently. Audio books are cool and all but I cant absorb the info as well as when i read it in silence. I get distracted or day dream way too much for audio books haha.
 
Lou Cypher said:
Got my first unemployment check today. Threw another 160 in robinhood. Bought more inseego (5g tower company, everything I read says to buy now before they rise. I bought at 11.49 a share, at 12.51 currently). Saw ford got a contract to build ventilators, bought a few shares from them around 5 bucks. Total invested 310, portfolio value 348. Get my last paycheck from job on friday (until I go back to work). Only gonna be like 25 hours on it. Might throw all that shit in stocks. Even with not knowing wtf I'm doing 100%, shit is fun af and addicting lmao. Will be alright cuz my unemployment is weekly and with the COVID unemployment stimulus they throw an additional 600 on your checks. Havent been unemployed in 11 years so my checks are already 600 without the stimulus. 1200 every week is plenty to live off of and pay all my Bill's and still throw shit in stocks lol.

I do miss the fuck out of work though. Gonna buy that book that was posted recently. Audio books are cool and all but I cant absorb the info as well as when i read it in silence. I get distracted or day dream way too much for audio books haha.
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I'm glad you reading up on things. Nice habit to get into.
 
Someone school me on the price for UCO.

I bought this bitch after the reverse split so somethings are confusing to me.

So before the 25:1 split, the price was $1.20? And all reverse means is that they decreased the volume, or number of available shares, by 25. Keeping the same fund value but decreasing volume made the price shoot up to $30, before it fell to $15.

All of that makes sense. I understand how splits and reverse splits work.

My question is the 52 month high for UCO. The 52 month high is $650. Is that price a before or after split price? Not sure if that is updated

If the stock went down from $650 to $1.20, that means after the split, it has to get back to about 20k a piece to hit the old price.

Or, was the price actually $22 a share and the $650 im seeing is adjusted as the after split price?

@DOS_patos @Cain Or anyone else who bought or was researching UCO before the split.

Im just trying to understand how much it actually fell.
 
Cain said:
I bought that UCO stock @ 11.56 its up to 19.18 today. I like that small rise it's making
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sadly.........this would have been better if it was still at 1.30 and went up.

i mean loot is loot. but im still a bit pissed.

i know i preach take emotion out of it......but that move was bullshit and i feel like it was market manipulation.

imagine going up $5 when it was 1.30

so it goes up after the split? yea ok.
 
AZTG said:
Someone school me on the price for UCO.

I bought this bitch after the reverse split so somethings are confusing to me.

So before the 25:1 split, the price was $1.20? And all reverse means is that they decreased the volume, or number of available shares, by 25. Keeping the same fund value but decreasing volume made the price shoot up to $30, before it fell to $15.

All of that makes sense. I understand how splits and reverse splits work.

My question is the 52 month high for UCO. The 52 month high is $650. Is that price a before or after split price? Not sure if that is updated

If the stock went down from $650 to $1.20, that means after the split, it has to get back to about 20k a piece to hit the old price.

Or, was the price actually $22 a share and the $650 im seeing is adjusted as the after split price?

@DOS_patos @Cain Or anyone else who bought or was researching UCO before the split.

Im just trying to understand how much it actually fell.
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in theory it didnt fall.......the price went up and you got less shares.
you buy 100 at $10
now you have 25 at $40.

i personally think people got scared an it went on a selloff or they tried to capitalize before the brokerage fixed their accounts or whatever.

nothing else dropped like that.

i mean it is a leveraged etf but that was bullshit.
 
AZTG said:
Someone school me on the price for UCO.

I bought this bitch after the reverse split so somethings are confusing to me.

So before the 25:1 split, the price was $1.20? And all reverse means is that they decreased the volume, or number of available shares, by 25. Keeping the same fund value but decreasing volume made the price shoot up to $30, before it fell to $15.

All of that makes sense. I understand how splits and reverse splits work.

My question is the 52 month high for UCO. The 52 month high is $650. Is that price a before or after split price? Not sure if that is updated

If the stock went down from $650 to $1.20, that means after the split, it has to get back to about 20k a piece to hit the old price.

Or, was the price actually $22 a share and the $650 im seeing is adjusted as the after split price?

@DOS_patos @Cain Or anyone else who bought or was researching UCO before the split.

Im just trying to understand how much it actually fell.
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sorry i didnt read this all.

the i had mentioned the high a page back.......the highest was like at 800 i think(i dont have my notes in front of me) but now it 15k and 22.4k.
the numbers you saw was before the split.
fyi.....the day it split, it started at like 23 or some shit but i could have sword i saw 32. cuz i was tripping.
 
DOS_patos said:
sorry i didnt read this all.

the i had mentioned the high a page back.......the highest was like at 800 i think(i dont have my notes in front of me) but now it 15k and 22.4k.
the numbers you saw was before the split.
fyi.....the day it split, it started at like 23 or some shit but i could have sword i saw 32. cuz i was tripping.
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Preciate you man. So my little $16 price can go up to 20k if it ever gets back to the 52 week high. Thats fucking wild.

I dont expect it to go up that much. But if it gets 30% of its previously value, thats still 6k per share. The money I would make would be disgusting. Not even gonna imagine what I would do with the 180k
 
figo said:
True. @DOS_patos for sure, big up, and the collective Ablackweb movers. Anything moving, and daily usage, I check to see if it’s dividend stocks involved.

Wished I’d start in mid March now.
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keep an eye on csq
pays like a $1 a share dividend. just paid out like a few days ago.
it still has room to grow...but i'd wait til it gets like $1.5 lower before i'd buy.
but only you know when you are ready.
 
just gotta say it again. be sure to develop a strategy that fits you and how you see things.
the stuff i look at works for me and how i do things.

i know its exciting right now. stay focused and make a plan so yall can keep making money and minimize loses.
 
AZTG said:
Preciate you man. So my little $16 price can go up to 20k if it ever gets back to the 52 week high. Thats fucking wild.

I dont expect it to go up that much. But if it gets 30% of its previously value, thats still 6k per share. The money I would make would be disgusting. Not even gonna imagine what I would do with the 180k
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whoaaaa

the 20k is from 2008

its getting a bit confusing......lets just go off the new numbers.
52 week is $646. blue moon in the sky if it hits that again.

i think this is a holder even tho its not recommended but thats me. i see it at least tripling by the end of summer.

im going to keep better records moving forward.
 
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