INVVY interesting play. Avoid it!

JesseJamesFinn1 · May 26, 2020

I bought 200 shares at $19, no idea what they do or the news. Dumb trade almost like my MARK.

sprstpd · May 26, 2020

It's an ADR that tracks INDV.L (traded in London). And INVVY is trading at about a 200% premium to INDV.L. Hope you get a bounce so you can sell into it.

JesseJamesFinn1 · May 27, 2020

sprstpd said:
It's an ADR that tracks INDV.L (traded in London). And INVVY is trading at about a 200% premium to INDV.L. Hope you get a bounce so you can sell into it.

I made a stupid gain several hundred shares putting out sells in the $30s after missing some of the greatest moves on Preferred Shares. I thought this was another situation like that. Thanks for your advice, it was timely too, stock got slammed!

maxinger · May 27, 2020

JesseJamesFinn1 said:
I bought 200 shares at $19, no idea what they do or the news. Dumb trade almost like my MARK.

why must you avoid it?
it has very good range and volume.

are you doing day trading?
on 19 May, there is indication that this ADR is for day trading.

JesseJamesFinn1 · May 27, 2020

maxinger said:
why must you avoid it?
it has very good range and volume.

are you doing day trading?
on 19 May, there is indication that this ADR is for day trading.

I thought it was going to be a dream stock, weeks ago I played a very small position on a stock walked up from $8 to $130, of course I never got anything near $130 but the dream still lived on

I bought shares from the teens, sold in the $30s once buying got too stupid. Its the same with MARK, except MARK does not trap you like these Pink Sheets can.

JesseJamesFinn1 · May 27, 2020

JesseJamesFinn1 said:
I thought it was going to be a dream stock, weeks ago I played a very small position on a stock walked up from $8 to $130, of course I never got anything near $130 but the dream still lived on I bought shares from the teens, sold in the $30s once buying got too stupid. Its the same with MARK, except MARK does not trap you like these Pink Sheets can.

Same with a small stock I caught doing unusual volume by some insider buying 600,000 during Crash. I bought with him, this IMBI been lugging it around for over a month. A 2000 share a day volume stock, I was stuck tilletill worked out ok.