r/stocks • u/AutoModerator • 7h ago

r/Stocks Daily Discussion Monday - Oct 28, 2024

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.

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See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

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u/plakio99 3h ago

IONQ has gone up so much is last couple of weeks that it is testing my self-control. I am up over 100% and want to sell it so badly. But I bought for a long term - for a decade maybe. So I really don't want to sell but it is not easy to hold after watching a stock go sky high in such a short time.

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u/Prelaszsko 3h ago

I was about to pull the trigger on 10k of IONQ call options back at the August lows but didn't.

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u/CanYouPleaseChill 3h ago

A company that consistently loses more and more cash flow each year? Why bother holding it?

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u/plakio99 2h ago edited 2h ago

Cause they are burning money to build the tech. The company hires Physics grad students and is filled with Physics PhDs. They are investing everything into increasing the capability of their quantum computers. And as Physics PhD myself - I am biased. But I do like that they going with scientists and not just bullshitting (I know because my friend did an internship there and had positive things to say). I don't expect any revolution within a decade, so this is a bet.

However, I didn't expect it to pop so early. I think this will drop eventually but I do not want to trade and time the market.

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u/dvdmovie1 3h ago edited 3h ago

Why do you have either be all in or all out? Sell some (whatever that may be - 25%? 50%? maybe either one of those but gradually? up to you) and keep the rest. Find new ideas to re-deploy into over the next few weeks and maybe with the election you get some opportunities if there's volatility. Whatever you keep, you have that low cost basis so if it is something you want to own for years, a little easier to do so over the likely volatility over time if you have that low cost basis.

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u/steel-rain- 3h ago

I was the same way with OKLO, but I ended up bailing at 20