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Stock Thread (14 Viewers)

KGB said:
Ah my specialty.  

So, I've been following WSB for a long time.  It used to be a place where people put everything they had on 1 bet (roughly) and posted their gains and or losses.  losses are upvoted just as much as gains.  Like a casino brag.

Before GME hit front page news, I saw that WSB was all over it, and I didnt understand exactly how the GME infinite short squeeze worked,..etc.  SO I passed.   

BUT.  I figured all these guys would want to invest in the next big thing after they pulled out the gains.  SO I bet on 

BB

and NOK

I've been in PLTR (My number 3 for awhile)

I didnt expect any to start to boom untill GME hit $420 or $1000, or Friday.  Then I think all these dudes put thier money into the next big thing.

AMC was also on my list.  The fact is, it's blowing up because ELon Musk went onto a discord server (WSB?) and said it's where to go to next.  So, it jumped to the top.

These are all momentum plays IMO.

I'm also an idiot, so take it for what its worth.

HOLDING and keeping PLTR, BB, and NOK until at least Friday.

If you want to see what is popular on WSB.  Look here.  IMO, get in before the run up

https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Click to expand...
Hoh boy, I'm gonna need a tutorial on how to read and navigate that site.....

Help? 

 
Current positions.

AITX $.07

AVGO $$355

BB $18.96

CCIV (SOld and running free from here) $14.80

F $11.41  Not sure what to do.  I think it may be a good EV play but when?????

HAACU $11.81

NOK $5.00

PLTR $27.44 -Im holding forever

UNVC $.0757

 
rascal said:
I've been holding since it was 90.  Waiting to get my year in.
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Lucky I'm in a tax free account so I can trade at will.  Just costs us an extra tree a year in Fidelity statements.

Looks like I've reduced my cost basis by $31 while continuing to accumulate shares.

 
KGB said:
Ah my specialty.  

So, I've been following WSB for a long time.  It used to be a place where people put everything they had on 1 bet (roughly) and posted their gains and or losses.  losses are upvoted just as much as gains.  Like a casino brag.

Before GME hit front page news, I saw that WSB was all over it, and I didnt understand exactly how the GME infinite short squeeze worked,..etc.  SO I passed.   

BUT.  I figured all these guys would want to invest in the next big thing after they pulled out the gains.  SO I bet on 

BB

and NOK

I've been in PLTR (My number 3 for awhile)

I didnt expect any to start to boom untill GME hit $420 or $1000, or Friday.  Then I think all these dudes put thier money into the next big thing.

AMC was also on my list.  The fact is, it's blowing up because ELon Musk went onto a discord server (WSB?) and said it's where to go to next.  So, it jumped to the top.

These are all momentum plays IMO.

I'm also an idiot, so take it for what its worth.

HOLDING and keeping PLTR, BB, and NOK until at least Friday.

If you want to see what is popular on WSB.  Look here.  IMO, get in before the run up

https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Click to expand...
Did you read the DDs put out by the one guy on GME?  I cant digest that amount of math in one sitting, but, if true its overshorted by 130%.  With a bunch of long held by insiders. If all that is true, its truly shorted and this thing could go to the moon. 

AMC is only shorted at 70%, that and the others are more ikely to just be to be the ones just temp inflated. 

 
Many brokerage firms will be cancelled tomorrow.  TD may lose record accounts.  How do brokerage firms restrict access to securities to retail investors but institutions never face such roadblocks.

 
General Malaise said:
Hoh boy, I'm gonna need a tutorial on how to read and navigate that site.....

Help? 
Click to expand...
Honestly.  This is a once in a lifetime thing that happened.  its done.  

But.  Its easiest for old man me, to look at it on phone.  Download :reddit is fun" app from the store.  free. 

Top left corner there is 3 dashes.  tap that and type "wallstreetbets"

It should sort by "hot" at the top.

It's basically a bunch of people talking about GME right now, but it used to have a good nook or cranny if you look.

I like this link.  It show you what people are talking about on there and maybe you can see some new stuff befor it pops.

https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment

 
tonydead said:
Did you read the DDs put out by the one guy on GME?  I cant digest that amount of math in one sitting, but, if true its overshorted by 130%.  With a bunch of long held by insiders. If all that is true, its truly shorted and this thing could go to the moon. 

AMC is only shorted at 70%, that and the others are more ikely to just be to be the ones just temp inflated. 
Click to expand...
I've personally just decided to pass on GME.  I'm sure there is money to be made, but I'm not smart enough to get out in time.  My strategy is to buy what they will buy next with their winnings.  At least I hope.  And that was BB before MUSK decided to pump AMC.

 
SO...

My personal account I use for picks here is a taxable account.  Im speaking to my tax guy tomorrow about fixing this.  I hope to just take 200 plusK and move it into a tax deferred account but I doubt thats possible. :(

anyone know the answer before I speak to my guy.  I buy and sell about once a week/month.  but I want it all to be in a retiremnt account so I dont pay taxes.

 
KGB said:
SO...

My personal account I use for picks here is a taxable account.  Im speaking to my tax guy tomorrow about fixing this.  I hope to just take 200 plusK and move it into a tax deferred account but I doubt thats possible. :(

anyone know the answer before I speak to my guy.  I buy and sell about once a week/month.  but I want it all to be in a retiremnt account so I dont pay taxes.
Click to expand...
Do you have a 401K account at a previous employer?

 
BassNBrew said:
What movie did you guys see where interest rates were at all time lows and the gov't was flooding us with money and a pandemic took away our ability to blow money on vacations and bars?  While I agree with you that there are segments that are high, but their are hundreds of companies with solid valuations at historical norms.  On top of that, the giants are delivering earnings above expectations.  Personally I'm up 10% on the year 2021 after today and the SP500 sits where it did on Jan 1.  Too risky to be sitting out waiting for a pullback.
Click to expand...
It’s not the exact macro factors I’m talking about. There are always variations there. It’s the froth and recklessness that always appears near tops. Liquidity is drying up, speculation without protection, high use of margin and much like 2000 you can’t go anywhere without someone talking about how much money they are making trading. Could be wrong but the downside far exceeds the upside where I’m sitting.

 
No advice on GME or AMC.

I personally am holding BB/NOK/PLTR through friday at least unless I hit 100%  JMO

 
KGB said:
SO...

My personal account I use for picks here is a taxable account.  Im speaking to my tax guy tomorrow about fixing this.  I hope to just take 200 plusK and move it into a tax deferred account but I doubt thats possible. :(

anyone know the answer before I speak to my guy.  I buy and sell about once a week/month.  but I want it all to be in a retiremnt account so I dont pay taxes.
Click to expand...
Get everything you can into a Roth. You will be limited to 6-7K/yr (if married, double it)

To get your $$ into a retirement account, you need to move it there from somewhere else. There a numerous restrictions on how much and where it can come from. Talk to your accountant and if you don't have one, get one. You are literally talking about your future, spend the $500

 
Back from a winning poker session at my casino. Still giddy that the internet is fighting back against these naked shorts.

We are in a pandemic and these hedge funds are trying to destroy the one game retail outlet in America and movie theaters. These jerks can rot in hell.

I am setting a limit sell order of AMC at $100 so they also can't borrow against my shares at the open. 

This game has been so rigged against the common investor for so long that I am happy to try and do my part in jamming up their bets against companies. If they want to smash the prices, I will be buying.  

and if I lose, well it will feel just like every other time these crooks have smashed the common folks. They all got rich as working people all foreclosed on their homes. 

Let's trigger some pain tomorrow.

 
KGB said:
I do have about $60K in a previous employer 401K account I have not touched.
Click to expand...
Move it to a Rollover IRA and self-direct it.

eta- be really prudent. Its your retirement and social security is not enough

 
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David Dodds said:
Back from a winning poker session at my casino. Still giddy that the internet is fighting back against these naked shorts.

We are in a pandemic and these hedge funds are trying to destroy the one game retail outlet in America and movie theaters. These jerks can rot in hell.

I am setting a limit sell order of AMC at $100 so they also can't borrow against my shares at the open. 

This game has been so rigged against the common investor for so long that I am happy to try and do my part in jamming up their bets against companies. If they want to smash the prices, I will be buying.  

and if I lose, well it will feel just like every other time these crooks have smashed the common folks. They all got rich as working people all foreclosed on their homes. 

Let's trigger some pain tomorrow.
Click to expand...
Hell yes.

 
Issue is TD and Schwab will no longer allow trades in GME and AMC.  That is a horrible policy you put in place restrictions against the retail investor but Institutional  Investors face no such restrictions.

 
KGB said:
?  What does that even mean?
Click to expand...
It means that TD with their think or swim platform and a number of others had “scheduled maintenance” and other “issues” today during market hours while stock prices on these plays tanked.  It was suspected that they were playing favorites with the big money.  I know I couldn’t make trades on fidelity for an hour or two.  People are pissed at Robinhood for similar.  I believe some are flocking to Webull now.  In general it fits the narrative that the average Joe is sick of the .01% screwing them.   If you haven’t seen it I highly recommend finding the Chamath interview on CNBC today.  That dude is a rockstar and that’s some inspirational content.

 
tonysmiles said:
Issue is TD and Schwab will no longer allow trades in GME and AMC.  That is a horrible policy you put in place restrictions against the retail investor but Institutional  Investors face no such restrictions.
Click to expand...
Where did you get this news? I did after hours at Schwab today.

 
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fruity pebbles said:
It’s not the exact macro factors I’m talking about. There are always variations there. It’s the froth and recklessness that always appears near tops. Liquidity is drying up, speculation without protection, high use of margin and much like 2000 you can’t go anywhere without someone talking about how much money they are making trading. Could be wrong but the downside far exceeds the upside where I’m sitting.
Click to expand...
What's the downside?

Question for you, do you think T or AMZN will both lower at the end of the year than they are now?  What's your case that they are both overvalued?

 
cosjobs said:
Get everything you can into a Roth. You will be limited to 6-7K/yr (if married, double it)

To get your $$ into a retirement account, you need to move it there from somewhere else. There a numerous restrictions on how much and where it can come from. Talk to your accountant and if you don't have one, get one. You are literally talking about your future, spend the $500
Click to expand...
I have a new one. and Im pretty sure he told me about the restrictions about how much a year.  I was really just hoping for a loophole to throw 200K into one and trade my ### off.

 
Lacey said:
It means that TD with their think or swim platform and a number of others had “scheduled maintenance” and other “issues” today during market hours while stock prices on these plays tanked.  It was suspected that they were playing favorites with the big money.  I know I couldn’t make trades on fidelity for an hour or two.  People are pissed at Robinhood for similar.  I believe some are flocking to Webull now.  In general it fits the narrative that the average Joe is sick of the .01% screwing them.   If you haven’t seen it I highly recommend finding the Chamath interview on CNBC today.  That dude is a rockstar and that’s some inspirational content.
Click to expand...
Chamath is the chairman of SPCE, which happens to have 64% of their float shorted

 
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BassNBrew said:
What's the downside?

Question for you, do you think T or AMZN will both lower at the end of the year than they are now?  What's your case that they are both overvalued?
Click to expand...
What do I think the downside is? 30% or so. Some much more. The good will be dragged down with the bad. My guess is another rapid drop triggered by margin calls and then a recovery second half of the year. 

 
Lacey said:
It means that TD with their think or swim platform and a number of others had “scheduled maintenance” and other “issues” today during market hours while stock prices on these plays tanked.  It was suspected that they were playing favorites with the big money.  I know I couldn’t make trades on fidelity for an hour or two.  People are pissed at Robinhood for similar.  I believe some are flocking to Webull now.  In general it fits the narrative that the average Joe is sick of the .01% screwing them.   If you haven’t seen it I highly recommend finding the Chamath interview on CNBC today.  That dude is a rockstar and that’s some inspirational content.
Click to expand...
Thanks.  I use Etrade and didnt notice anything but some warning were issued today which I though was BS.  

 
KGB said:
Thank you.  any way to add more asap and be tax deferred?
Click to expand...
ask your accountant. I could not advise without knowing all your financials and even then I am well-versed, but not qualified for all the intangibles.  I moved 90K from a Rollover IRA to a Roth this year by paying 10% tax on it. We had a horrible financial year and lots of deductions, so it made sense.

eta - actually had a great year tripling my existing Roths, but those are not taxable.

 
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cosjobs said:
ask your accountant. I could not advise without knowing all your financials and even then I am well-versed, but not qualified for all the intangibles.  I moved 90K from a Rollover IRA to a Roth this year by paying 10% tax on it. We had a horrible financial year and lots of deductions, so it made sense.
Click to expand...
Gotcha.  WIll do. thanks

 
Whatever happens the next few days here, know I love all you guys. This is money I can lose (if I indeed lose), but I like the position I have right now immensely. I am going to get a good night sleep and will check in after the market opens. 

 
David Dodds said:
Whatever happens the next few days here, know I love all you guys. This is money I can lose (if I indeed lose), but I like the position I have right now immensely. I am going to get a good night sleep and will check in after the market opens. 
Click to expand...
I felt like a real idiot paying $11 for AMC Wed. pre-market.

 
KGB said:
Current positions.

AITX $.07

AVGO $$355

BB $18.96

CCIV (SOld and running free from here) $14.80

F $11.41  Not sure what to do.  I think it may be a good EV play but when?????

HAACU $11.81

NOK $5.00

PLTR $27.44 -Im holding forever

UNVC $.0757
Click to expand...
Up, but down huge after hours.  💠🖐️

Well. see friday.  Thats the test

 
I have not done options in a while, so if someone familiar could check my work, I'd really appreciate it.

If I put a $12.10 PUT on SPCE that expires Feb 6th with a strike price of $55. for 200 shares, then my max loss would be 2400 but if the stock rose to 60, I'd make about 3600? And if it went to 100, I'd make about 12,000?

On the other hand, If I bought 50 shares at $48  (same 2400 investment) and it went to 100, I'd make ~2600

from fidelity

Estimated Profit/Loss at Expiration

Max Gain Substantial

Break Even SPCE at 42.90

Max Loss -$2,420.00

 
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KGB said:
I've personally just decided to pass on GME.  I'm sure there is money to be made, but I'm not smart enough to get out in time.  My strategy is to buy what they will buy next with their winnings.  At least I hope.  And that was BB before MUSK decided to pump AMC.
Click to expand...
Yep, I am betting on Black(berry).

 
KGB said:
I think this is where WSB goes after AMC.  I think we need to wait a week or so.  
Click to expand...
Been reading the tea leaves there trying to divine the same answers as you. P sure NOK and AMC are bot shills (sorry Dodds, hope you make bank).

 
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