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Stock Thread (29 Viewers)

Dr. Octopus said:
It's possible but you're making a lot of assumptions here - not saying they're necessarily incorrect assumptions, but how many of them are making under $75k a year and if so how many can afford to use all of that $1,400.00 on buying stock?

And will they eventually lose interest in this "game"?

It will be interesting to follow - but I sold at a small loss just to be done with it. It's just a bit too stressful for me and there's plenty of other ways to make money in the market (albeit generally more slowly).
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:shrug:  it’ll either go up or it’ll go down. I’m just guessing here, not writing a thesis, but I do think the influx of money will play some role. 

 
Anyone holding GME overnight?  By the time I checked I was down almost 20%, held and scratched back to current levels. Not sure what to do?

 
Dr. Octopus said:
It's possible but you're making a lot of assumptions here - not saying they're necessarily incorrect assumptions, but how many of them are making under $75k a year and if so how many can afford to use all of that $1,400.00 on buying stock?

And will they eventually lose interest in this "game"?

It will be interesting to follow - but I sold at a small loss just to be done with it. It's just a bit too stressful for me and there's plenty of other ways to make money in the market (albeit generally more slowly).
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I have no idea of how many their numbers, but, there are guys on there that are selling their $2,000 cars to buy more GME.

 
tonydead said:
I have no idea of how many their numbers, but, there are guys on there that are selling their $2,000 cars to buy more GME.
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I'll buy a $2k car. 

18 yo son is looking for a truck. He'll pay most, but some of my stimmy is going to that.

will hold. For a while

 
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Diamond thumbs up with my 6-pack of GME tendies. Bought at $260ish during the first run up. I've held this long, no need to jump off the train now 

No stimmie check for me so I'm not temped to go more vs feeding my kids. 

 
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It all seriousness, something like me buying GME is why I have @Todem running my main retirement account. I can’t say enough good things, and he is well worth the money for someone like me.  

 
JB Breakfast Club said:
He's probably day trading it to get another 20% on his position. 
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This is exactly what I did all day. I didn't want to get bogged down. My thesis remains unchanged. Lots of shenanigans trying to drive down this stock including borrowing tons of the stock via ETFs the last two days. But knowing the enemy is willing to battle just made it a great day trade. I ended up buying 1,800 shares and selling 1,700 to increase my already lofty position slightly. 

I will day trade this stock all year if it never moons. It's a volatility monster and all the diamond hands has created a lot of opportunities.

But I think we will moon after the earnings call. Good luck everyone riding this thing. It's not for the faint of heart.

 
David Dodds said:
This is exactly what I did all day. I didn't want to get bogged down. My thesis remains unchanged. Lots of shenanigans trying to drive down this stock including borrowing tons of the stock via ETFs the last two days. But knowing the enemy is willing to battle just made it a great day trade. I ended up buying 1,800 shares and selling 1,700 to increase my already lofty position slightly. 

I will day trade this stock all year if it never moons. It's a volatility monster and all the diamond hands has created a lot of opportunities.

But I think we will moon after the earnings call. Good luck everyone riding this thing. It's not for the faint of heart.
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So I know you’re generally bullish on this company regardless of the squeeze. But after the last week or so do you still believe the gamma squeeze is in play soon. 

 
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dkp993 said:
So I know you’re generally bullish on this company regardless of the squeeze. But after the last week or so do you still believe the gamma squeeze is in play soon. 
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Institutions own 115% of the stock. And I suspect retail has at least that much as well.

https://www.reddit.com/r/GME/comments/m6d20u/bloomberg_terminal_update_031621/

There are only 70 million "real" shares. Lots of games are being played with synthetic stock, but at some point the board of directors is going to recall the stock (likely to vote on a new board, etc). 

As the stock rises, the need for it to be included in more ETFs, etc also emerges.

I think earnings and guidance represent the best catalysts to triggering the gamma squeeze. It's quite possible that a Ryan Cohen led GameStop "should" already be worth a $25-30B market cap. Let's hear his words and sales/revenue estimates going forward.

My "fair value" of GameStop today is $180. So while this stock floats around this level, I will be actively day trading. When it moves into the 300s, I will primarily be holding / selling. 

Is a squeeze imminent? My guess is the shorting could last forever. Think Tesla. But at some point that massive shorting actually vaults the stock upward as well. Those in this stock should be willing to wait months if need be. If your goal is to get rich on GME in a week, then you will likely falter as these attacks continue anyway. I was able to pick up a ton of stock below $190 today, because I generally LOVE the stock at that price. I can and will hold all year if I need to. 

 
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I am not good at this sometimes............ I sold GME to lock in some profit.. and then bought more.... I can't quit it... I want to believe that it will moon. I did take the GME profits and roll them into FNKO.

 
Sold more from my Tesla ATM and will happily buy again if it plunges back to 600. 4th time I’ve hit this thing up. Love trading it. 

 
pmedina said:
Anyone holding GME overnight?  By the time I checked I was down almost 20%, held and scratched back to current levels. Not sure what to do?
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Im with @David Doddson holding till earnings.  As someone else said here, the missed $300 calls on Friday let a lot of wind out of my sales.  However, I think there are still a lot of hodors out there.

 
McBokonon said:
$CRWD :wub:
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Bought 20 shares today at $195 knowing they would likely beat earnings. Wish I bought them before but went with OKTA and ZS at the end of 2019 in that space. ZS and CRWD would have been the best combo. Been meaning to get a full position and I’d imagine we aren’t quite out of the woods year so I’ll probably get to add more under $200 again.

 
Pigskin Fanatic said:
whomever mentioned sub-penny $HVCW as a what-the-flex buy couple of weeks ago, just doubled this morning from when it was mentioned on zero news or mention anywhere. thank you much.
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These sub-penny stocks... $0.0084

Do you purchase 1,000,000 shares?

Would cost you $840

Are the number of shares unlimited?

How does this even work?

 
Pigskin Fanatic said:
whomever mentioned sub-penny $HVCW as a what-the-flex buy couple of weeks ago, just doubled this morning from when it was mentioned on zero news or mention anywhere. thank you much.
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Wasn't my idea but I bought a few shares recently. Had wanted a million shares with a limit price at .0018. only got ¼ of that lot. 🤷🏽‍♂️

 
Bossman said:
These sub-penny stocks... $0.0084

Do you purchase 1,000,000 shares?

Would cost you $840

Are the number of shares unlimited?

How does this even work?
Click to expand...
This is why you always put a limit on these orders. Even if the limit is the current list price. I'd hate to be the guy who puts a market order in for 10 million shares when it's at $0.008, to see it shoot to $0.80 when you buy, then back down soon after your purchase. Seems unlikely, and that's a bit exaggerated but you never really know.

 
"What Is Bitcoin? Bitcoin is a digital currency that was created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. 1 The identity of the person or persons who created the technology is still a mystery."

Why does this rub me the wrong way? 

 
Do diamond hands on GME sell covered calls against their shares, or does that make you a cubic-zirconia hand? Are you looking to get into the world of options? I am staying far away from GME but for those of you that own at least 100 shares and who are the diamond folks (or at least CZ), the premiums on covered calls are through the roof. Good chance to learn about options, hold your shares, and collect a fat premium.

 
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