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Seriously. Them hiring a new CEO isn't going to change the fact that retail has been dying for years and covid only accelerated that. Then add tons of people buying digital games and why do they even exist now? They're a freaking used video game store chain that's worth $5b. That's like a Tesla style valuation lol.
It’s up 5% today and it’s up on where it started on Friday. Just a pop end of Friday into Monday morning. Was actually about to sell during that and then the market popped a little. Still within a few percent of its high outside of 30 minutes, so not sure I'd call that tanking.
This is why I haven't sold a damn thing, being a new investor, I'm hesitant because of the tax implications.
You'd have to think even better is to come, no? You just feeling happy that you didn't lose money, so I get that.
Dude is trying to turn into Elon Musk right before our eyes.Chamath bought GME calls I friggin love it.
Because "analyst" upgrades from front running market makers using their weight to improve their position is "rational"?
I mean GME's fundamentals are completely irrelevant if you're participating right now. It's a trading vehicle with a relatively strong trading case, both for potentially making (or losing) a lot of money and also for sticking it to the man that's been sticking it to retail investors for 100 years.
Yeah, outside of CYDY, which was a good timed sell (reinvestments up way more than short term taxes), I was smart about waiting for long term capital gains. Even so, ZM did very well for me as well (sold at $570), so I’m going to get hit even with long term taxes. I have been better about putting most of my short term stuff in my IRA so taxes don’t matter. Between AMZN, MDB and OKTA, I’ve got plenty more to sell, if needed, that’s all long term. That makes it easy now to stay invested but also be able to free up taxable cash quickly without getting hammered by short term taxes. Short term sucks since my wife and I both work and every penny of short term gains gets taxed at whatever your highest bracket is on top of your wages.
No I completely agree that what’s going on now is not fundamental but if you check out the various threads on Reddit there are people that think the new CEO is going to turn the company around and this is a long term hold.
Yeah that’s the hard part lol. The volatility is driving premiums through the roof.The prices on the calls/puts are
Now running for governor? 0% state taxes and loads of free stuff. Is he having a breakdown?Dude is trying to turn into Elon Musk right before our eyes.
Yeah and why I'm not entering right now. The crash to the downside should be large so going to let this thing run up some more and will evaluate at that point.The prices on the calls/puts are
I'd say. Pinks vs Coke is like two total opposite ends. One could be a total firecracker in the sack, the other is an old granny but gets the job done.
My neighbor runs his own boutique investment business after years at Goldman. He's convinced that WSB, Robinhooders and meme traders are just being used by deep pocket guys. Makes some sense. I'm sure Robinhood traders and WSB message board people "believe" they have this amazing power over the market. My neighbor doubts the true leverage of these investors and their ability to move markets like they think they are. They are portrayed as angry, WFH millennials with stimulus checks out to stick it to the man, and he says there is no way they alone are moving the markets. That the "man" is behind most of the money and are just an unwitting front. Thought that was interesting, and as always, the little guy will get crushed.
Macy's has to be at 20.15 in two years for you to break even. You're also tying your cash up for two years if you hold to expiration. Macy's was getting beat up pre-Covid. I am not a believer in Macy's and wouldn't want to hold these, but you likely could make money if you picked the correct exit point.
The problem is this part...
Rumor is they will buy eToro. @hooter311, any thoughts on that? They provide Financial services, Investing online, Social investment, Bitcoin exchange
That’s pretty savage, Trading Places type savage. Front run and make all kinds of money on the GME short squeeze and then turning that capital gained around to buy into a distressed hedge fund that needed capital due to the short squeeze. Savage and while the RH guys made some coin, those Citadel folks turned it into billions.
Seems unlikely to me.
That would be nice but those rumors come and go. Been sitting on PSTH and GSAH for a while back when you could get in at a few percent over the IPO price.
My 4.85 bid executed while I was at lunch. Go, Macy's! Will probably look to sell the call as opposed to hold and exercise. i appreciate the input. I have a feeling M could be the next EXPR or GME so trying to get some exposure...
As you typed that I sold half of mine +75%. I have not timed profit-taking very well though.
