My friend has been talking about ZOM for months now since he got in when they were not even 50c.

I don't usually do pennies, so I didn't go in with him.

Now I'm thinking of throwing some into it since they just did an offering at $1.9

:accepted:

Where did he buy options? I don't see any available for ZOM.

I'm sure you know this, but typically offerings have restriction like no trading till x date but it can also have warrants sooooo that's a good move if you're bullish on ZOM


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is it just me or does every stock seem like a penny stock now?
i remember the good ol days where we had these things called etfs.
now even with pandemic stocks that pretty much guarantee 50%+ over the next year, its not good enough for ppl here or on reddit.

50% gains not enough to catch up to the housing market. People are getting desperate and thus risky plays. I made 1133% in the last week on a penny stock. But I knew what I was getting into and worse comes to worse, I don't get to buy another M3.

But yes, almost every stock is a penny stock now. Recently, VERY was a very popular stock, before it got shorted to crap. Hit highs of $9.50 iirc. Everyone's trying to get in on that early (risky) buy in for those GAINS. I think VERY had an PP offering at $0.25. Still sad I didn't get in on that one LOL.

I feel like hype stocks gain traction during Cannabis stocks. You can also blame the increase of app-based trading platforms, where now everyone is a professional trader, and it's all about posting the biggest gains

He's with Scotia.

With how accessible it is now for people to invest through banking platforms/apps and how easy it is to obtain information, it's not surprising.

Why invest in an ETF when you can pick the individual "winners" instead? You expose yourself to more risk, but the newer generation is not as risk adverse.

I personally don't invest in an ETF unless it's in a sector that I'm unfamiliar with. For example, I might drop some money into the new space exploration ETF from ARK.

Its just interesting to see how quickly things have changed. Etfs are the new mutual funds and picking individual stocks is the new paradigm. Probably largely in part due to the unprecedented bull market we are experiencing.

You know they say you should never buy stocks a friend suggested or that you heard rumours on somewhere... you'll lose every time... but I have to say this message thread is pretty successful, I think if you bought what people have posted in here the past couple years you would have made a tonne of money...

RS should start its own hedge fund.

I wish I got into ZOM around the 40 cent mark when I heard about it, I didn’t bother taking the risk because it was a penny stock and now it’s gone up

Just curious, but are you guys buying and selling on a non-registered account rather than your TFSA and RRSP? Worried about CRA as my TFSA account approaches 6 figures. I usually do swing trades or SPACs in the TFSA

Curious what everyone's trading habit/stock type is and the type of account they are doing it in.

I might consider moving a portion of my TFSA to a non-registered account to do SPACs and swings.

Appreciate it

I think why this kinda works here is precisely the fact that we are not friends.

Just like anyone who bought into GME when it hit the news. I know of a few people who bought in once it hit the news and everyone was talking about it.

This thread seems to only be the gains and only after it's already taken off. I'm curious where you guys hear about some of these to begin with and how many have either gone nowhere or tanked.

Its easy to feel like you're a rockstar stock-picker in an extremely bullish markets like this but its important to keep everything in context. There's a famous saying: "Rising tide raises all boats" which is exactly what is happening with the financial markets right now. Central banks around the world have deployed what is now nicknamed as the wall-of-liquidity by pumping trillions of $ into the economy which has trickled its way into the markets. Take a look at this M3 growth below which represents the supply of money in the economy. That massive monetary stimulus combined with zero-interest-rate-policy (ZIRP) has created an environment where its virtually impossible to lose money on your investments. There's another famous saying from Buffet: "Only when the tide goes out do you discover who's been swimming naked."

https://www.omfif.org/wp-content/upl...jun20-fig2.png

I wished I saved the link, but there was a research that showed a recent strong negative correlation between stock's share price and the stock's performance: The cheaper the price of each share, the stronger the performance. Best performing stocks on average were 'penny' stocks and then $1-2 /per share stocks, $2-$5/per share stocks etc... Why is that?

1. Investors (particularly retail investors with smaller capital) have always had a psychological bias towards stocks with a lower share price. This is why companies choose to do stock splits to make their stock appear more accessible.
2. It is much easier now for retail investors (particularly millennials) to access the stock market via Robinhood etc.
3. There is euphoric sentiment in the market where investors feel like its safe to chase extreme returns through micro-cap stocks, bitcoin, GME etc.

A lot of you guys are also looking down on ETFs but the point of ETFs is not to generate the highest possible return, its to target a good risk-adjusted return through diversification. Again, in an environment like this, its easy to forget the importance of diversification, but proper risk management is what separates the novices from the experts. If you are into picking micro-cap stocks like a lot of the names mentioned in this thread, you should consider benchmarking your performance against a passive approach like IWC (iShares US Micro-cap ETF). It has over +60% return since November 2020 and over +150% return since COVID-bottom in March 2020. How does your portfolio compare against that on a risk-adjusted basis (portfolio return / portfolio volatility)? If you are not beating a passive investment alternative on a risk-adjusted basis, you are either taking more risk than you need to get the same amount of return, or you are generating less return for the same amount of risk in your portfolio.

This "should" answer your question. https://www.fool.ca/2021/01/21/canad...ill-get-taxed/

Someone I work with got raped. Said colleague believed CRA wouldn't catch him but he is in more trouble than he's willing to tell me.

Imagine if we're all here to shill each other :suspicious:

Any idea the volume of transactions and size of his TFSA?

Seems like people here make a large amount of transactions, are you guys using a non-registered account?

No idea on the volumes of transactions my colleague pumped through his TFSA; My assumption was he was doing high volumes like crazy during the day (got written up for it due to lack of productivity.) He also talked a big game like his dick was over 12" long but for him to get busted by CRA and suddenly go quiet, I would assume they were frequent transactions. He landed on some money when a family member passed away so he was playing around with the money from what he told me. For all I know, he could be bullshitting, but so far the story lines up.

I can't speak for the others in the thread but I do my trading on a non-registered account. Long term stuff I do via my TFSA and only maybe once or twice a month. I'm a bit conservative at the moment as I'm doing renovations on my home so I have to keep an eye on my cash flow and liquidity to cover expenses over the next few months.

i think if you're just swing trading every few days or weeks then it should be fine. if you're day trading and making many transactions per day then i think that is what they are specifically trying to crack down on.

If an individual is making a trade every day that's likely will trigger CRA from what I interpret. A few moves a month shouldn't be of issue (no matter what amount you put through as long as its within threshold limits you are allowed). "Rebalancing the savings portfolio LOL" :troll:

Oh my ... that's good to know about excessive trading in TFSA! Thanks for the warning.

Rumors from friends of friends in Audits say that the algo triggers a flag when TFSA account balance exceeds 500K. I've only had one client get flagged for business income (activity) in TFSA, but he was trading in excess of $1M.

I personally don't day trade in my TFSA. I'm debating on putting part of my position of $HULK.V, up to my contribution limit in my TFSA. I know I'd take a capital gains hit on the transfer into the account, but better now than later. That said, if this goes south, which it can. GG contribution room. So maybe not. Max 25% tax hit isn't all too bad.

(If $2M gains -> Capital gains = $1M -> Tax = $250K -> 250K/$1M = 25% or 250K/$2M = 12.5%)

If you're ever curious about the tax you may incur, you can use this calculator: https://www.wealthsimple.com/en-ca/tool/tax-calculator

Take your gains / 2 = capital gains -> input that # into the capital gains box

welp the Hyundai and Apple deal ia now off... do you guys think it is still worth to hold on to GOEV CANOO?

i cant find these guys on the stock market, but looking at the product...what do you think?


is there any massive gains to be made???, or do you think this just a niche product with very little market..


the interesting thing is it takes 2 hours to set-up.

I've been trying to read up on the issue with haste as my TFSA account has ballooned since GME. What's unfortunate is there is no clear cut line from the CRA, so I'm not sure if I'll be flagged or not. I have around 60 trades over the past 4 months, but am certainly not a sophisticated trader.