Stock Thread (13 Viewers)

[Nigel]

I've done zero actual work today, cancelled a couple of meetings to stay on top of this

 

[culdeus]

This is crazy, so Reddit people are just jumping in a group of struggling stocks causing shorts to cover?

more or less.  

 

[beef]

NOK halted again at 7.74

 

[NajehHejan]

NOK halted again at 7.74

How does it go down a buck then halt again? C'mon!!!

 

[guru_007]

my NOK options are showing me up, uhhh a lot

 

[ChiefD]

I don't think I understand this game good enough to participate.  

 

[-OZ-]

Is GME really being pushed to $1000? 

I don't have the guts to jump in now.  

The most dangerous game. 

Yeah, I can't get in.  FOMO big time on all of this.  

The worst game of ever? 

Ok, not like nuclear war, but still. Craziness. What's next, tulip bulbs?

 

[NajehHejan]

I don't think I understand this game good enough to participate.  

Buy failing company that is being heavily shorted. Make moat loads. End of story.

 

[Sand]

So who goosed KALA?  I can't find news on why it's flying.

 

[-OZ-]

I don't think I understand this game good enough to participate.  

Basically take a stab and hope there are bigger fools later.

 

[BigJohn]

my NOK options are showing me up, uhhh a lot

Sell to close submitted @$50. only a 5215.79% profit.......

 

[guru_007]

well that sucked

 

[beef]

NOK down again, 6.68

 

[2Squirrels1Nut]

NOK halted again at 7.74

I got 300 NOK at $7.50

 

[Nick Vermeil]

NOK down again, 6.68

I get NOK down, but I get up again...

 

[culdeus]

They are going to have to halt trading of everything.  Reddit broke the stock market, it took awhile, but they did it.  

 

[Chaz McNulty]

Buy failing company that is being heavily shorted. Make moat loads. End of story.

It's a pretty good strategy.  Unlike a pyramid scheme where only the first few profit, everyone can profit when the shorts are forced to cover (which drives the price even higher).

This could mark the end of the bear raid.

 

[urbanhack]

In at AMC at $15.15

 

[Al Czervik]

So who goosed KALA?  I can't find news on why it's flying.

Wondered the same thing.  Was very close to giving up on KALA.

 

[Nigel]

Looking at the GME chart it went up around 3X on Mon, retreated to around 2X, stayed pretty flat for a day, then rocketed to 9X.

Remaining holders of AMC, you think we've seen the peak or do we think there's a second, more explosive run? 

 

[-OZ-]

It's a pretty good strategy.  Unlike a pyramid scheme where only the first few profit, everyone can profit when the shorts are forced to cover (which drives the price even higher).

This could mark the end of the bear raid.

I get that this can kill hedge funds and other short sellers. But what's the potential impact on the overall market? How much collateral damage might we see?

Also, can these people attack the stocks we already own? Please.

 

[General Malaise]

Elon Musk just Tweeted that if GameStop goes to $1,000 he will put the log on his next rocket going to outer space.

 

[beef]

Ha, another NOK halt. b/a 6.31/8.80

 

[The Z Machine]

I get that this can kill hedge funds and other short sellers. But what's the potential impact on the overall market? How much collateral damage might we see?

Ferrari gonna do some bizness after this.  Lots of redditeers gonna cash in and buy some expensive ish.

 

[Chaz McNulty]

I get that this can kill hedge funds and other short sellers. But what's the potential impact on the overall market? How much collateral damage might we see?

This could get really ugly if it manifests in the Reddit Community discovering how to Short.  They could decide that they don't like a companies business practices (for whatever reason), and drive the stock down to pennies.

 

[-OZ-]

It's funny seeing GameStop and AMC emails. Completely unrelated to any holdings. We just use the businesses

 

[QuizGuy66]

Elon Musk just Tweeted that if GameStop goes to $1,000 he will put the log on his next rocket going to outer space.

I know if I HAD been in on the GME train the moment Musk jumped I'd get out just because.

-QG

 

[-OZ-]

I've done zero actual work today, cancelled a couple of meetings to stay on top of this

Lol.

I put my boss on speaker phone and sold AMC while discussing work.

 

[Capella]

Looking at the GME chart it went up around 3X on Mon, retreated to around 2X, stayed pretty flat for a day, then rocketed to 9X.

Remaining holders of AMC, you think we've seen the peak or do we think there's a second, more explosive run? 

I don’t think there is any way to know. I just have a few hundred shares so I’m gonna ride it out for a while and see. 

 

[hagmania]

NOW folks are concerned about the "rationality" of the market.

 

[Dwayne Hoover]

Not sure how many are in this one but KALA is flying today

 

[BigJohn]

LOL  Every time NOK moves, it gets halted...

 

[General Malaise]

Not sure how many are in this one but KALA is flying today

is this because of news or is this just another reddit darling?  I'm so confused.

 

[QuizGuy66]

This is crazy to watch but amazed at how "sky is falling" some of these analyst are.  It really is just a rare situation where a MASSIVE market inefficiency has been found and getting exploited.

-QG

 

[hagmania]

is this because of news or is this just another reddit darling?  I'm so confused.

The only wsb "darling" is GME right now.

And TSLA, but that's just a staple.

 

[urbanhack]

Is institutional trading still being allowed on these while they are halted for retail investors??

 

[beef]

Chamath is making more sense of GME than anything I've heard yet.  

talking on cnbc now

 

[Sideshow Bob]

Mostly only in the south and southwest now I believe. Texas, Florida, Arizona, etc.

Definitely in AZ. Don't think I've been to one since I've lived here, though.

 

[Buckna]

The worst game of ever? 

Ok, not like nuclear war, but still. Craziness. What's next, tulip bulbs?

And I thought all the people getting rich buying Hertz last year was crazy!

 

[BassNBrew]

Lime networks up 15%

I think I'm the only one left, but Luckin up 9% and now a 3x for me.  Glad I followed @stbugs suggestion and sat on this.

 

[culdeus]

The downstream effect of this could be huge, if it's bank holdings that are in the mix of these hedge funds, (Think trust departments for high net worth) and the banks have loaned against the HNW accounts that are now defunct or zeroed out.  

Not only are you looking at these HNW people walking on the banks, the underwriting goes in the weeds.   While this isn't great depression territory, it casts a shadow over it.

 

[Sideshow Bob]

It's a pretty good strategy.  Unlike a pyramid scheme where only the first few profit, everyone can profit when the shorts are forced to cover (which drives the price even higher).

This could mark the end of the bear raid.

You do realize people are going to be stuck holding shares at the peak when these things collapse.

 

[hagmania]

LMFAO Chamath is blasting the walls off of the CNBC Production Studio rn.

"Are you concerned there may be some retail investors left holding bags?"

Chamath: "Where was this message in 2008?"

 

[2Squirrels1Nut]

Looking at the GME chart it went up around 3X on Mon, retreated to around 2X, stayed pretty flat for a day, then rocketed to 9X.

Remaining holders of AMC, you think we've seen the peak or do we think there's a second, more explosive run? 

No idea which is  why I wanted my original money off the table.  It sure would be sweet if it follows the same path.

 

[Chaz McNulty]

You do realize people are going to be stuck holding shares at the peak when these things collapse.

If you get to greedy, then yes.  But most of the profits will come from the Shorts who were forced to cover.

Bear Raid meet Bull Raid.

 

[2Squirrels1Nut]

This is crazy to watch but amazed at how "sky is falling" some of these analyst are.  It really is just a rare situation where a MASSIVE market inefficiency has been found and getting exploited.

-QG

Yeah, they have been fleecing small investors forever.  Now all of a sudden there's a problem.

 

[Sideshow Bob]

If you get to greedy, then yes.  But most of the profits will come from the Shorts who were forced to cover.

Bear Raid meet Bull Raid.

OK, well let me know when TOO GREEDY happens.

 

[Charlie Harper]

Looking at the GME chart it went up around 3X on Mon, retreated to around 2X, stayed pretty flat for a day, then rocketed to 9X.

Remaining holders of AMC, you think we've seen the peak or do we think there's a second, more explosive run? 

Nothing is on the level of GME. GME is unique because 140% of the float was shorted. AMC I think it's 50%. So AMC won't have the potential "infinite squeeze" GME  has behind it.

 

[culdeus]

If you get to greedy, then yes.  But most of the profits will come from the Shorts who were forced to cover.

Bear Raid meet Bull Raid.

I don't think that's what he's saying.  The big problem is the guy who showed up and bought shares, may not find anyone with liquidity on the way down to buy back in.  Could end up entering an order to sell at market at 350 and watch it execute at 15.

 

[shades]

You do realize people are going to be stuck holding shares at the peak when these things collapse.

Most of the strategic posts on WSB seem to be "when you sell at/near the peak, the only people buying are the shorts who have to cover their position. No rational investor sees GME at $300 and thinks that's the right price for a long term hold. So just wait until the shorts are forced to cover, and sell to them"