Stock Thread (11 Viewers)

[Capella]

Okay the Mets dimension to this whole GME story take things to a whole new level

-QG

This is going to be made into a movie one day. The guy who played Screech is going to play every Reddit user. 

 

[identikit]

This is going to be made into a movie one day. The guy who played Screech is going to play every Reddit user. 

Better start filming very very soon.

 

[pecorino]

Held my nose and bought a mere 200 AMC at $8 after hours last night. At $11 this morning. If it hits $16, I'm going free-rolling. It's the wild west out there, everyone needs to be careful. The house of cards feeling very crashy right now.

 

[caustic]

GME $320  

ETA: down to 290 in the time it took me to post this

 

[BassNBrew]

Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, manager of the fund Gabe Plotkin told CNBC’s Andrew Ross Sorkin.

The brick-and-mortar videogame retailer, a popular short target by hedge funds, was targeted by an army of retail investors marshaled against short sellers in online chat rooms. Rookie investors encouraged each other to push the stock higher in the Reddit forum “wallstreetbets” with more than two million subscribers. 

CNBC could not confirm the amount of losses the firm took on the short position. Citadel and Point72 have infused close to $3 billion into Melvin Capital to shore up the fund’s finances.

Short sellers have amassed a mark-to-market loss of more than $5 billion year to date in the stock, including a loss of $917 million on Monday and $1.6 billion on Friday, according to data from S3 Partners.

Plotkin told Sorkin that the speculation that the firm would file for bankruptcy is false.

GameStop shares traded off its highs in premarket trading, and last traded up 83%.

So they say...

 

[Swaymoney]

Better start filming very very soon.

Was thinking the same thing, hoping the best for him but tough diagnosis. 

 

[BassNBrew]

Anyone want to discuss AMD and their big beat and the market yawning to a -1% drop?

AMD down 3%.  I suspect this is an overreaction.

 

[cosjobs]

So uhhhhhhh we buying AMC tomorrow?

I did pre-market at 10.98

If you had asked me a week ago, i would have said its about equal in value to GME

 

[cosjobs]

in MOMO now. Love the symbol. Might be enough nowadays/

 

[Capella]

I did pre-market at 10.98

If you had asked me a week ago, i would have said its about equal in value to GME

I put in orders last night but can’t see if they’ve been filled yet. 

 

[cosjobs]

I put in orders last night but can’t see if they’ve been filled yet. 

what platform? Fidelity works great for me. TD makes me tick a box I usually forget, so they don't go through afterhours

 

[cosjobs]

in Cinemark CNK

 

[cosjobs]

UVXY popping

 

[Capella]

what platform? Fidelity works great for me. TD makes me tick a box I usually forget, so they don't go through afterhours

Schwab. Neither order filled.  Bought some AMC at 11.75 

 

[[icon]]

UVXY popping

Jumped in AH 11.53

 

[2Squirrels1Nut]

AMC $16.02.

 

[pecorino]

Held my nose and bought a mere 200 AMC at $8 after hours last night. At $11 this morning. If it hits $16, I'm going free-rolling. It's the wild west out there, everyone needs to be careful. The house of cards feeling very crashy right now.

Closed half at $16 in pre-market. I don't know what is more insane, this silly AMC trade after / before hours or my experience with GME yesterday. To wit:

GME was trading at $110 per share midday when I bought five puts for $2 each for March. I watched it do nothing but go up, and when it was trading at almost $150 a share, those puts were now worth $2.20 each (I guess due to volatility) even though the stock price was 30% higher. So I sold all five of them, made $100, and closed the position. Craziest hundred bucks I ever made.

 

[[icon]]

Grabbed a little BB and a tub of popcorn in AH... likely late to the game 

 

[cosjobs]

AH?

 

[Nick Vermeil]

AH?

Awwhh Hell.  

After hours.  

 

[cosjobs]

also a little BB and GIK

 

[NajehHejan]

Of all the ones mentioned the only one that doesn't look like it already had a wet dream is NOK. In for 500 at 4.84. I think my first flip phone was a Nokia. Go Nokia.

 

[Nigel]

in at $7.78

Bought more at $8.15, average cost $7.98, sold 1/3 at $16 this am. Swinging for the fences with the rest. 

 

[BassNBrew]

Hmmmm....companies that are executing and beating expectations are down.  Companies that are headed out of business are doubling and tripling.  Interesting day.

 

[[icon]]

Hmmmm....companies that are executing and beating expectations are down.  Companies that are headed out of business are doubling and tripling.  Interesting day.

4Chan has entered the chat. Welcome to the thunderdome. 

 

[Nick Vermeil]

I finally got the Fidelity Active Trader app. Whoa. I still have to make the call to get the after hours access. I'll be ready for the next one!

 

[Demian]

Looks like market makers aren't happy with the games being played. I see a lot of red pre-market in my watchlists.

 

[NajehHejan]

Looks like market makers aren't happy with the games being played. I see a lot of red pre-market in my watchlists.

Are they fighting back on real stocks? Ugh.

 

[Nick Vermeil]

I finally got the Fidelity Active Trader app. Whoa. I still have to make the call to get the after hours access. I'll be ready for the next one!

What "route" do you guys choose when ordering?  Does it matter?

 

[McBokonon]

Are they fighting back on real stocks? Ugh.

Cool. Will use the AMC profits on dips.

 

[McBokonon]

Bought more at $8.15, average cost $7.98, sold 1/3 at $16 this am. Swinging for the fences with the rest. 

I planned on selling half at the double, but I'm gambling until market hours when RH traders can enter the fray.

 

[cosjobs]

in Cinemark CNK

Only up 10% in an hour. What a dog

 

[pecorino]

I see Michael Burry calling the GME shenanigans "Unnatural, insane, dangerous" and that there should be "legal and regulatory repercussions." I agree.

 

[cosjobs]

KODK up 30% pre-market.

Fits the insanity profile.

I'm in

 

[BassNBrew]

I see Michael Burry calling the GME shenanigans "Unnatural, insane, dangerous" and that there should be "legal and regulatory repercussions." I agree.

Shorting 130% of a stock is unnatural too.  

 

[Capella]

I see Michael Burry calling the GME shenanigans "Unnatural, insane, dangerous" and that there should be "legal and regulatory repercussions." I agree.

Screw, and I can’t emphasize this enough, all of these people. 

 

[The Man With No Name]

I finally got the Fidelity Active Trader app. Whoa. I still have to make the call to get the after hours access. I'll be ready for the next one!

Got an email predicting the next :

KNDI
AYRO
APRN
KOSS

 

[guru_007]

I see Michael Burry calling the GME shenanigans "Unnatural, insane, dangerous" and that there should be "legal and regulatory repercussions." I agree.

I would like to hear his argument for what the legal repercussions should be.  Some internet poster stating I'm not going to sell my shares until this hits $1000 is illegal now?  Pretty sure we should lock up that CYDY thread in that event.

Just a word of caution to people trying to ride the wave, when these things fall (and they will), they tend to fall quickly.  I'm not saying I'm not along for the ride in some, but I tend to tread carefully and a lot more cautiously then some people in this thread

g'luck to us

 

[jb1020]

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. 

Damn happy I decided to see what happens the next day or two.  This time yesterday I was happy with taking a 15% profit and heading home.  Currently up 440%.  

 

[hagmania]

Screw, and I can’t emphasize this enough, all of these people. 

100000000000000%

 

[ericttspikes]

In for 1000 shares of Blockbuster Video

 

[McBokonon]

In for 1000 shares of Blockbuster Video

You laugh, but their liquidation ticker was up several hundred percent yesterday: $BLIAQ

 

[guru_007]

I watched an interesting video in regard to $GME and the options convexity that was always squeezing/pushing prices upwards and it was very interest in that the max strike price on the calls was at $60.  Keep in mind that this stock may well open mid $200's.  This fact negated the ability to push out risk in options and forced a lot of stock buying on an already heavily shorted stock.  Reminded me a LOT of what happened with LTCM and the derivatives markets that they were heavily invested in, totally unregulated. I'm really not sure what the OCC can do about fixing this issue as this is way above my pay grade, but they probably do need to look into something like that as when options get overheated that's a huge leveraging tool.  Of course, the fact that the short float was 140% which I believe is illegal should be looked into first and foremost

 

[cosjobs]

Got an email predicting the next :

KNDI
AYRO
APRN
KOSS

from whom

 

[2Squirrels1Nut]

I planned on selling half at the double, but I'm gambling until market hours when RH traders can enter the fray.

My plan exactly.

 

[ericttspikes]

You laugh, but their liquidation ticker was up several hundred percent yesterday: $BLIAQ

Lol. The end is near. 

 

[pecorino]

Got an email predicting the next :

KNDI
AYRO
APRN
KOSS

Thank you. I just placed crazy-high call orders on KNDI and AYRO. No reason not to throw $300 at each, hope to get some way out of the money calls that do the GME thing. KOSS is already booming plus it doesn't trade on the options market. The APRN options are too close to the money to be worth buying. Guess I should have asked, where did that email come from? 

 

[beef]

WSB is the new Q?  Organized and taking people down.

 

[The Man With No Name]

from whom

Luke Lango

 

[Steve Tasker]

AMCX also up like 25% since 3 PM yesterday, because presumably some investors don't realize that AMC the movie theater company and AMC the tv network are not the same thing.