Stock Thread (18 Viewers)

[CFB Sicko]

This is the part where we watch the WSB newbies try to catch the falling knife.

 

[ChiefD]

You guys can blame AMC on me. I hemmed and hawed all day yesterday, and since AMC has their headquarters here in KC, I figured - what the hell. Bought some yesterday afternoon. 

:X

Only bought 20 shares though, so not too bad. 

 

[2Squirrels1Nut]

Halted again. The hedges are scared.

Added 200 more at $8.85

 

[shades]

Can I short Robinhood? 

That app is going to get wiped out. 

 

[beef]

Can I short Robinhood? 

That app is going to get wiped out. 

They were scheduled to IPO this year.  That may not happen now.  

Menlo Park, CA hasn't cancel cultured peaceful protests though.  

 

[Man In The Box]

Can I short Robinhood? 

That app is going to get wiped out. 

Rightfully so. 

 

[BassNBrew]

They were scheduled to IPO this year.  That may not happen now.  

I hope the payoff they got was worth it.

 

[Capella]

Can I short Robinhood? 

That app is going to get wiped out. 

I will short for the first time if they do. 

 

[2Squirrels1Nut]

Wouldn't have a beer with him even if he was buying.  

And I'm pretty sure his double chin isn't from neck fat.  WS big wigs has really stretched his throat.  

Nm

Never know where the line is these days. 

 

[beef]

GME  Bid: 211.00   Ask: 5,000.00   Last: 237.86   Chg ($): -109.65   Vol: 22.87M

 

[cosjobs]

(100906) Your market order cannot be accepted right now because the last trade price is not in line with the current bid/ask price. Please change your order to a limit order.

I just got this. When I looked ar bid/ask, they were both zeroes out.

I imagine they tripped the circuit breakers and no one can trade them for ?15 minutes. This can happen multiple times a day

 

[beef]

Coming soon, ARKS.  Specializing in potential short squeeze companies.  

 

[caustic]

Robinhood made a lot of enemies today: https://twitter.com/RashidaTlaib/status/1354807292667981828

 

[stbugs]

Bloodbath out there. The folks who bought premarket and right at open have lost around half. 1.5M buys of GME at $460ish. Those people have lost $450M. Bag holders.

 

[CFB Sicko]

Officially in whipsaw opportunity with GME at $150ish territory, imo. Will definitely see a fake recovery before continuing to decay towards close...


Graph will look something like this when it's all said and done, today.

 

[QuizGuy66]

People bought new GME XBox game this morning now selling thems at used XBox game returns

-QG

 

[FreeBaGeL]

Burn it all down.

 

[tonysmiles]

We talk Free Markets but are they free.  This is BS people should hold are you going to ban people from buying these securities forever they will move there accounts to other brokerages that do not limit an investors rights and freedoms to trade.  We should be concerned here where the institution is put ahead of the retail investor.

 

[caustic]

Well this little exercise will make a good example for an econ 101 textbook. Kids, what happens to price levels when you crush demand?

 

[urbanhack]

We talk Free Markets but are they free.  This is BS people should hold are you going to ban people from buying these securities forever they will move there accounts to other brokerages that do not limit an investors rights and freedoms to trade.  We should be concerned here where the institution is put ahead of the retail investor.

Free for some.

Two americas.

 

[Todem]

GME tanking

Freefall.

Who is left holding the bag??

 

[jamny]

UNVC?

That was some cliff.

 

[Man In The Box]

It’s a big club. And you ain’t in it. 

 

[stbugs]

Also, I don’t really have fond feelings for either side of the fence. Don’t like #######s like Left and shorts/hedge funds that basically lie and manipulate. I don’t think this wsb stuff is anything more than the same just seemingly looked at as sticking it to the man. We’ve been talking about random #### stocks (started with soon delisted and crappy Chinese companies) all 2020 that randomly mooned for no reason. I think the same people that have been doing that all year realized highly shorted stocks could be ridden higher. Unfortunately, I think there are a lot of retail investors who think that they are sticking it to the man when they are just the bottom level of the Ponzi scheme. Guys at the top who have been buying up calls in anticipation and pulled there money out before the end are the same on either side. In the end the people “not in the know” are the ones getting bent over yet again. They are the ones still holding GNUS and Hertz.

 

[Zegras11]

Free for some.

Two americas.

This has been going on forever.  Read Richard Ney's books from 1980.

 

[cosjobs]

I added a LOT under 12.00. Loving life at this moment

another 1000 here at 6.47, You're smart, right?

 

[SFBayDuck]

GME day range:  112.25 - 483.00

 

[Jayrok]

The Empire Strikes Back.

 

[cosjobs]

So for those of us newer to investing who are not partaking in the the games being played here, what is your advice for today and the next few weeks of this?  

play some games

 

[Shula-holic]

Bloodbath out there. The folks who bought premarket and right at open have lost around half. 1.5M buys of GME at $460ish. Those people have lost $450M. Bag holders.

The inevitable outcome

 

[pecorino]

UNVC?

That was some cliff.

Was it halted? Something doesn't look right.

 

[fruity pebbles]

A lot of fun to watch but some people, a lot smarter than me, having been saying for days that the hedge funds are behind both sides of this. 

 

[cosjobs]

https://twitter.com/stoolpresidente/status/1354802879479992321?s=20

oooh, they've got a big decision here. Siding with the hedger will be about as popular as supporting the 1/6 resurrection.

 

[GoBirds]

The inevitable outcome

Yep, day late and a lot of dollars short. 

 

[ChiefD]

Was it halted? Something doesn't look right.

Don't think so, at least according to my Schwab account.

Wondering if people are dumping a bunch of stuff to take some profits to help cover their massive losses on the GME, AMC, and such.

 

[Capella]

oooh, they've got a big decision here. Siding with the hedger will be about as popular as supporting the 1/6 resurrection.

He definitely is not siding with the hedge funds. 

 

[CFB Sicko]

another 1000 here at 6.47, You're smart, right?

Buy a few lots of DHT while you're at it. Oil tanker company with great debt situation and crazy dividend yield. Will only serve to make more money with Democrats in office pumping up the oil price.

Swing tradeable and a nice dividend to ward off potential downside.

 

[Todem]

Also, I don’t really have fond feelings for either side of the fence. Don’t like #######s like Left and shorts/hedge funds that basically lie and manipulate. I don’t think this wsb stuff is anything more than the same just seemingly looked at as sticking it to the man. We’ve been talking about random #### stocks (started with soon delisted and crappy Chinese companies) all 2020 that randomly mooned for no reason. I think the same people that have been doing that all year realized highly shorted stocks could be ridden higher. Unfortunately, I think there are a lot of retail investors who think that they are sticking it to the man when they are just the bottom level of the Ponzi scheme. Guys at the top who have been buying up calls in anticipation and pulled there money out before the end are the same on either side. In the end the people “not in the know” are the ones getting bent over yet again. They are the ones still holding GNUS and Hertz.

Again the moral of the story is.....pigs get slaughtered. 

If you try to get rich quick....99% of the time you will not.

Stay out of these newbies. Don’t get caught in the irrational exuberance. 

Be boring like me. 

You will thank me for it when you retire. 

If you want to be a multi millionaire.....you can do it over time and with common sense and discipline and proper planning and advice. If you are doing it yourself.....good luck. You really need to be emotionally tough and have a stomach made of steel to protect you from yourself when the market goes the other way. 

New investors....let this be a lesson at how you can also get wiped out joining the herd. I said it this morning. To those new at this....stay the hell out of the game.

GME is a shining example of what happens when you try to ride the coat tails of powers you have no control over. 

Ask yourself...why are you buying GME? Do you really think they are a viable business? If the answer is no...stay the hell out. Even if you see you could, shoulda, woulda.....most of the time it ends badly. Don’t chase the so called “next one”. And you really have to be able to get in and get out. And knowing when to get out is the tricky part. 

To those that actually were able to cash out.....kudos. Most of the time it won’t end well. But kudos on a monumental trade.

If you think I am full of crap....put me on ignore.

 

[KGB]

Buying some AMC

 

[stbugs]

A lot of fun to watch but some people, a lot smarter than me, having been saying for days that the hedge funds are behind both sides of this. 

I think you are correct. GME was on steroids but we’ve been seeing stock manipulation all 2020. Kodak anyone? You can see these random small upticks on crap stocks and then spread the news and huge upswings. The smart money bails during the upswing and the latecomers sit and lose a bundle.

 

[Todem]

A lot of fun to watch but some people, a lot smarter than me, having been saying for days that the hedge funds are behind both sides of this. 

There are powers beyond what anyone really thinks behind this. Agree 1000%

 

[cheese]

This game is so rigged.

I’m going down with the ship if needed on these, but once this is over I’m out of the stock market. Clear to me it’s more corrupt than any other place I could put money. I think the timing of this right when a bunch of us casuals were funding accounts for the first time is going to do long term damage to young people ever wanting to do stocks. 

 

[JB Breakfast Club]

I am doubling down on AMC. Gotta chase losses, it's the gambler's way. 

 

[BassNBrew]

Buy a few lots of DHT while you're at it. Oil tanker company with great debt situation and crazy dividend yield. Will only serve to make more money with Democrats in office pumping up the oil price.

Swing tradeable and a nice dividend to ward off potential downside.

Please don't encourage him to tank DHT.

 

[urbanhack]

Again the moral of the story is.....pigs get slaughtered. 

If you try to get rich quick....99% of the time you will not.

Stay out of these newbies. Don’t get caught in the irrational exuberance. 

Be boring like me. 

You will thank me for it when you retire. 

If you want to be a multi millionaire.....you can do it over time and with common sense and discipline and proper planning and advice. If you are doing it yourself.....good luck. You really need to be emotionally tough and have a stomach made of steel to protect you from yourself when the market goes the other way. 

New investors....let this be a lesson at how you can also get wiped out joining the herd. I said it this morning. To those new at this....stay the hell out of the game.

GME is a shining example of what happens when you try to ride the coat tails of powers you have no control over. 

Ask yourself...why are you buying GME? Do you really think they are a viable business? If the answer is no...stay the hell out. Even if you see you could, shoulda, woulda.....most of the time it ends badly. Don’t chase the so called “next one”. And you really have to be able to get in and get out. And knowing when to get out is the tricky part. 

To those that actually were able to cash out.....kudos. Most of the time it won’t end well. But kudos on a monumental trade.

If you think I am full of crap....put me on ignore.

Just playing devil's advocate here...Apple just released great numbers. Why are they down? 

 

[SouthJersey]

I am doubling down on AMC. Gotta chase losses, it's the gambler's way. 

Right now shares are cheaper than a Thursday matinee

 

[Charlie Harper]

Again the moral of the story is.....pigs get slaughtered. 

If you try to get rich quick....99% of the time you will not.

Stay out of these newbies. Don’t get caught in the irrational exuberance. 

Be boring like me. 

You will thank me for it when you retire. 

If you want to be a multi millionaire.....you can do it over time and with common sense and discipline and proper planning and advice. If you are doing it yourself.....good luck. You really need to be emotionally tough and have a stomach made of steel to protect you from yourself when the market goes the other way. 

New investors....let this be a lesson at how you can also get wiped out joining the herd. I said it this morning. To those new at this....stay the hell out of the game.

GME is a shining example of what happens when you try to ride the coat tallish of powers you have no control over. 

Ask yourself...why are you buying GME? Do you really think they are a viable business? If the answer is no...stay the hell out. Even if you see you could, shoulda, woulda.....most of the time it ends badly. Don’t chase the so called “next one”. And you really have to be able to get in and get out. And knowing when to get out is the tricky part. 

To those that actually were able to cash out.....kudos. Most of the time it won’t end well. But kudos on a monumental trade.

If you think I am full of crap....put me on ignore.

So were we to expect flat out market manipulation? 

Come on. This is "I told you so" talk seems to miss the point.

 

[Northern Voice]

#### for the first time ever I'm on Barstool's side

 

[caustic]

There was another one today, CLIM.U focused on "renewable energy, distributed generation, and energy efficiency", but it jumped over $11 pretty quick and closed at $10.90 so I went with the other one. But I'll be watching this one and if it dips a little more I may pick some up.

Looks like Fidelity won't let me buy any CLIM.U right now.

(000940) Your order can not be processed at the current time. Please verify that you have entered the symbol correctly. Note that a symbol with a suffix, such as .N or .OB, is generally quotable but not tradable. You need to use the root symbol to place an order.

Tried an order for "CLIM" after this and it said the symbol was not found.  Hopefully I can order it sometime soon before it runs away.

 

[Sand]

If you think I am full of crap....put me on ignore.

Agree completely and I stayed out of this mania.  Though it is complete, utter bull#### that these trades were throttled.  

Funny enough the link earlier to the Ofdollarsanddata twitter story on Piggly Wiggly in 1919 played out almost exactly here.  He fought the short sellers and the rules got changed on him, driving him bankrupt.  

-----

I am, however, taking a bunch of small shots with some SPACs.  A Taleb anti-fragile investment method.  Odds are well in my favor to come out with a good ROI if just one or two of them hit reasonably well.  And if the names you're betting on are Chamath, Thiel, etc. chances are pretty good that will happen.