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[OP]
Newbie
Dec 14, 2020
19 posts
12 upvotes

Hidden gems

Hello. After years of sacrifices, we are finally in a position to start investing modest amounts into the Stock Market. We started two months ago and are up by 30%, so even if it is not changing our life, we are happy.

Due to misconceptions and myths, probably fueled by too many idealized fiction tv shows and novels, we have this ambition of finding a hidden gem, a stock that nobody knows about that will make us rich overnight. But recent developments in the Stock Market (Gamestop) made us wonder whether those secret stocks actually exist. If you find a good stock, you will probably want to spread the word and try to get as many investors as possible to buy so that the price rises, right? Is there any situation where you would rather keep quiet and benefit from it?
20 replies
Deal Addict
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Nov 15, 2013
1878 posts
1698 upvotes
Toronto, ON
I feel like this post was from the 1970's.
Deal Addict
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Jul 29, 2013
1305 posts
938 upvotes
Congratulations on starting to invest.

Don't look for quick money, there is none.
Long and slow wins the race.
Investing in a ,"secret stock" is called gambling.
[OP]
Newbie
Dec 14, 2020
19 posts
12 upvotes
profile wrote: Congratulations on starting to invest.

Don't look for quick money, there is none.
Long and slow wins the race.
Investing in a ,"secret stock" is called gambling.
Thank you for the kind words!
Member
Dec 20, 2010
367 posts
281 upvotes
Toronto
You can get some quick returns if you get in early enough on the flavour(s) of the month stocks. Each month recently something goes on a fast tear whether it be EV, Psychedelics, Blockchain stocks, Small cap biotechs, short squeeze mania, etc. Last week, OTC stocks made a great run.

We have a penny stocks thread here if you’re interested. Keep in mind these are highly speculative plays so only put in a portion of your portfolio that you don’t mind losing if things goes south, whether it be 1K, 5K, 10K, etc. You can make 100%+ returns in one day but you can also lose 50+% the next. Sometimes it can happen on the same day. Just like typical investing, don’t put all your speculative money on one speculative stock, diversify. This way your speculative capital can survive when one stock tanks hard but have another that you are able to bank a 2X, 5X, or 10X and come out ahead and grow the speculative account.
Deal Addict
Sep 2, 2004
2319 posts
653 upvotes
apertotes wrote: Is there any situation where you would rather keep quiet and benefit from it?
Congrats on getting started. If you want to pick individual stocks, be prepared for a lot of research, learning, and some ups and downs. If not, I would suggest sticking with broad based index funds, ETFs, etc.

To answer your question above, the only time this might make sense is if you want to keep it quiet and not promote the company. Maybe if you're still accumulating more of it and want to keep it as more of a hidden gem like you said. But realistically the only time this will ever to matter is if it's a smaller company. Even if it's small it still probably won't make any difference. Your forum posts will definitely never move an Amazon, CN Rail or Telus.
Member
May 25, 2015
319 posts
754 upvotes
on
Hidden gems? They tend to get you to buy high and sell low.
[OP]
Newbie
Dec 14, 2020
19 posts
12 upvotes
Capt. wrote: Congrats on getting started. If you want to pick individual stocks, be prepared for a lot of research, learning, and some ups and downs. If not, I would suggest sticking with broad based index funds, ETFs, etc.

To answer your question above, the only time this might make sense is if you want to keep it quiet and not promote the company. Maybe if you're still accumulating more of it and want to keep it as more of a hidden gem like you said. But realistically the only time this will ever to matter is if it's a smaller company. Even if it's small it still probably won't make any difference. Your forum posts will definitely never move an Amazon, CN Rail or Telus.
Well, somebody's forum post moved Gamestop. But I get what you are saying. Thanks a lot for answering the question!
Member
Sep 18, 2016
324 posts
276 upvotes
Love to see how this plays out.
Index Investors, the Vegans of the Investing Industry
Member
Jan 8, 2008
418 posts
81 upvotes
1Ogiku2 wrote: Love to see how this plays out.
LOL.

I did buy 4,000,000 shares of MINE at 0.0019. I think it's a hidden turd with a gem hiding inside of it. If it doesn't hit, I'll get the smaller boat for the cottage this summer.

There are no, "hidden gems" although each day, a stock does go up 40-200%. It's the wild west right now. We all miss going to the casino, so the market has replaced it.

Take 5% of what you have and go to the penny stock forum. They actually have some great calls there. I'm completely serious.

If you find a hidden gem, let us know. I love a good tip and I'm also serious.
Member
Sep 18, 2016
324 posts
276 upvotes
Braude wrote: LOL.

I did buy 4,000,000 shares of MINE at 0.0019. I think it's a hidden turd with a gem hiding inside of it. If it doesn't hit, I'll get the smaller boat for the cottage this summer.

There are no, "hidden gems" although each day, a stock does go up 40-200%. It's the wild west right now. We all miss going to the casino, so the market has replaced it.

Take 5% of what you have and go to the penny stock forum. They actually have some great calls there. I'm completely serious.

If you find a hidden gem, let us know. I love a good tip and I'm also serious.
I was rather sarcastic, as this is completely speculative and just based on luck and gambling.
Index Investors, the Vegans of the Investing Industry
Deal Expert
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Feb 8, 2014
18991 posts
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Hindsight is 20/20. If we had it to do over again we could have mined bitcoin in the early days, bought Apple, Google and Microsoft or even a year or two ago bought Tesla. Or bought up bargains in late March 2020. Alas none of us has a crystal ball. Your chances of picking the next hot stock are nil. But you can gamble and get lucky, but its luck, and not much skill involved.

Sorry to be the bearer of bad news.
In fact in Rand McNally they wear hats on their feet and hamburders eat people
Member
Jan 8, 2008
418 posts
81 upvotes
1Ogiku2 wrote: I was rather sarcastic, as this is completely speculative and just based on luck and gambling.
Of course.

I was just expanding off of your sarcasm.
Deal Addict
Dec 4, 2011
1524 posts
978 upvotes
Montreal
Quentin5 wrote: Hindsight is 20/20. If we had it to do over again we could have mined bitcoin in the early days,
I posted in another thread how smart I thought I was when I made 1500BTC with my Nvidia card in early 2010s and sold them for $5,000 (no one knew what they were at the time except the people in the mining pools). Hindsight is 20/20 indeed!
Member
Dec 20, 2010
367 posts
281 upvotes
Toronto
admiralackbar wrote: I posted in another thread how smart I thought I was when I made 1500BTC with my Nvidia card in early 2010s and sold them for $5,000 (no one knew what they were at the time except the people in the mining pools). Hindsight is 20/20 indeed!
That must really sting. You would have had to stomach all those ups and downs but you basically won the Lotto Max a decade ago lol. But again, how would you have known? Trimming positions seems to be the way to go, rather than sell all at once.
Deal Addict
Dec 4, 2011
1524 posts
978 upvotes
Montreal
EddySaver wrote: That must really sting. You would have had to stomach all those ups and downs but you basically won the Lotto Max a decade ago lol. But again, how would you have known? Trimming positions seems to be the way to go, rather than sell all at once.
At the time I was mostly worried about the legality of creating currency at home (the legality of BTC was not well established at the time either). It does sting, but I was blessed with health, a wonderful spouse and enough material comfort in life which is what I concentrate on. I also did pretty well on my stock portfolio over time (MSFT, GOOG, AMZN, AAPL, etc since the early 00s) so cannot complain there either.
Deal Guru
Feb 9, 2009
10735 posts
9111 upvotes
admiralackbar wrote: At the time I was mostly worried about the legality of creating currency at home (the legality of BTC was not well established at the time either). It does sting, but I was blessed with health, a wonderful spouse and enough material comfort in life which is what I concentrate on. I also did pretty well on my stock portfolio over time (MSFT, GOOG, AMZN, AAPL, etc since the early 00s) so cannot complain there either.
Jeez 1500 bitcoin is $60 mil today lol...
Deal Addict
Dec 4, 2011
1524 posts
978 upvotes
Montreal
Sanyo wrote: Jeez 1500 bitcoin is $60 mil today lol...
Yep, not sure I wouldn't have sold at 10k, 100k or a mil, easy to say now!
Deal Guru
Feb 9, 2009
10735 posts
9111 upvotes
admiralackbar wrote: Yep, not sure I wouldn't have sold at 10k, 100k or a mil, easy to say now!
yeah i dont think people saw all this easy QE coming this decade and extremely low rates that allowed Bitcoin to zoom up.

Bitcoin is the anti-fiat and when govts treat fiat like a joke, this is what happens.

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