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Messages - VirginiaBob

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 19, 2014, 02:10:29 PM »
Wow, good thing I sold!

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 19, 2014, 09:46:55 AM »
Sold at $25.95.  $6,479.39 after trading costs.  Not bad for $3,750 worth of investments and in only 6 trading days.  Not buying back in, but it was a fun ride while it lasted.  Back to indexing!

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 19, 2014, 09:38:08 AM »
Getting really close to my stop loss trigger $26, wow!  pretty volatile this morning.  The low was $26.25 so far today.

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 19, 2014, 09:18:54 AM »
 I think right now the stock price is not really based on the revenue, growth potential, or profits.  It is frenzy.  But I'm not against profiting off of that.

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 18, 2014, 08:05:07 PM »
Was just curious if anyone was planning on using an options contract as a hedge for the 250 IPO shares still in their possession, and if so, what was the strategy.

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 18, 2014, 07:52:21 PM »
Just curious, put or call?

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 18, 2014, 10:34:50 AM »
futures are at 29.40.  I'm bumping my stop loss to $26.

Based on your previous posts, I was under the impression that you put a trailing stop loss order.  If you did, you don't have to keep bumping your stop loss limit manually.  ;-)

I changed my order to manual for more control since I'm off from work today.  Gives me something to do while taking care of one of our twins. Also gives my wife something to complain about as I watch the screen.  lol! 

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 18, 2014, 08:54:58 AM »
futures are at 29.40.  I'm bumping my stop loss to $26.

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Investors - LC / Re: Lending Club Stock Price Speculation Dates/Info
« on: December 17, 2014, 04:02:31 PM »
Very impressive closing price today, $27.90/share.  My Fidelity account, which was originally $3,750 for the 250 shares at $15 IPO price is now $6,975.  Thinking about upping my stop loss to $25 anyways from $24.  Hoping for this stock to hang on until 2015 above my stop loss for tax reasons.

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Investors - LC / Lending Club Stock Price Speculation Dates/Info
« on: December 16, 2014, 09:30:28 AM »
Please add to this list:

15-DEC-2014:  BTIG raises price target for LC from $19 to $31. 

19-DEC-2014:  LC gets added to Renaissance IPO ETF.  Potentially can drive up prices since another big buyer = less supply on the market.

9-JUN-2015: Lock-up period is over.  Employees, etc. can now sell thier shares.   Potentially can drive down prices since the market may be flooded with shares.


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it appears they got Liberty Corporation listed in google finance.  Maybe an old company that used the LC ticker previously?

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Investors - LC / Re: STOCK PRICE TALK: Opened at $24.75
« on: December 15, 2014, 07:37:51 PM »
Bumped up my stop loss order $2 today.   The order was getting pretty close to executing (about $0.50 per share away).  It appears the shares are up about $0.50 in after hours trading, so we'll see what tomorrow holds.

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Investors - LC / Re: FYI: 4 Reasons To Avoid LendingClub Stock
« on: December 15, 2014, 07:34:54 PM »
and another day of increases for LC stock and another bump up in my stop loss order.

14
I did a wire transfer just to be sure I was following the IPO instruction sheet.   Fortunately, my credit union waives the fee for 1 wire transfer per month.

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Investors - LC / Re: STOCK PRICE TALK: Opened at $24.75
« on: December 12, 2014, 10:39:36 PM »
Gains supported by stop loss order are not opinions though.  They are pretty much locked in +/- fractions of a percent.  Anyways, another +5% day!  Bump up my stop loss slightly and lock in again.

Stop loss orders are only good while the market is open.  For some reason really bad news always seems to come out when the market is closed, then the stock opens up the next day down double digit %.  Or if bad news is released during the day and one of the new limiters on the market is hit and halts trading, your order might not get processed.  Your stop loss order does not protect you from these really bad scenarios, it only is useful when the stock is following a slow downward path and you want to get out if it doesn't turn around.  Until you sell, your gain is only on paper.  I am not saying I think one of these horrible scenarios is going to happen to Lending Club, but I thought I would chime in with clarification on how a stop loss order works so people do not get the misconception that it locks in their profit.

While true, this is mostly overcome by applying for after hours privileges at the brokerage firm and setting your stop loss orders active when the market is closed.

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