Stock Thread (12 Viewers)

[Bob Sacamano]

$50p pay $730 for breakeven $42.30 (lower than it was prior to this recent run)

$40p pay $420 (heh) breakeven $35.80

Those are really nice plays for 25 days, with obvious collection points in days if this thing does what Dodds is hoping.

 

[Desert_Power]

I still don't see why revenue matters and I'm sure you know that are a number of stocks at high valuations that don't have revenue. Investments, at a very high level, are about supply and demand. Bitcoin fits into that definition very well. 

It doesn't really matter, just saying I'd rather have the tulip that at least has the potential to generate cash flow one day.

 

[stbugs]

It's more akin to cutting a hole in the pockets of the guys running the ponzi scheme.

Crazy how the little guys can get painted the villain in any of this when it's the greed of the hedge funds over shorting the stocks that create the situation.

These guys win every day beating the little guy, this is the ultimate reap what they sow.

*And yes, ultimately it will be other big players that end up making the most money off this.

Lol at the last line. The naive folks seem to forget this. The billionaires who people love will make money from the villain billionaires.

The real little guys got in after $45, lost their shirt, got margin called and now are figuring out how to get back in over $100.

 

[hooter311]

It doesn't really matter, just saying I'd rather have the tulip that at least has the potential to generate cash flow one day.

 

[ConstruxBoy]

It doesn't really matter, just saying I'd rather have the tulip that at least has the potential to generate cash flow one day.

I think you mistake the ability of blockchain to generate cash someday, but I certainly understand the skepticism.  

 

[Bob Sacamano]

it's the greed of the hedge funds over shorting the stocks that create the situation.

I'm not arguing against the greed of anyone, but there's no more inherent greed in shorting than there is in being long. They look at that stock, and their valuation models say it's overvalued, so they short it.

If they're taking those positions and then issuing short reports specifically to drive down the price so they can make money, OK. I get avarice directed at that whole game. The guy betting the Don't Pass line is crazy annoying, but his bet is no more greedy imo.

 

[FreeBaGeL]

Meanwhile market just utterly tanking today, yeesh.

 

[hooter311]

I'm not arguing against the greed of anyone, but there's no more inherent greed in shorting than there is in being long. They look at that stock, and their valuation models say it's overvalued, so they short it.

If they're taking those positions and then issuing short reports specifically to drive down the price so they can make money, OK. I get avarice directed at that whole game. The guy betting the Don't Pass line is crazy annoying, but his bet is no more greedy imo.

I'll do my part to make the "don't pass line" guy's life a living hell as well.

 

[Capella]

Meanwhile market just utterly tanking today, yeesh.

Yea February can end already. 

 

[TwinTurbo]

Once I sell GME/AMC, I will be transitioning into PayPal and Peloton. Both are attractive to me at the current prices.

I think Peleton is going much lower, all of these stay at home stocks are going to get whacked. PayPal is good long term. 

 

[hooter311]

I think Peleton is going much lower, all of these stay at home stocks are going to get whacked. PayPal is good long term. 

Stay at home is here to stay and people gotta get in vacation shape.

 

[beef]

I see everyone else is selling all their stocks to buy GME too.  

 

[David Dodds]

I'm not arguing against the greed of anyone, but there's no more inherent greed in shorting than there is in being long. They look at that stock, and their valuation models say it's overvalued, so they short it.

If they're taking those positions and then issuing short reports specifically to drive down the price so they can make money, OK. I get avarice directed at that whole game. The guy betting the Don't Pass line is crazy annoying, but his bet is no more greedy imo.

I agree with this to a point. The naked short sellers trying to ram companies into bankruptcy so they never have to cover their positions is crap. Let companies die naturally without the naked short positions accelerating it.

 

[stbugs]

Meanwhile market just utterly tanking today, yeesh.

Yeah and I was all excited when I was green at the open. Just wanted some flat days. Days like this, I tend to trail the market. We all knew it was going to happen, but it’s never fun. I do see some potential bargains, just wish I had sold a wee bit more than I did and held off on a few buys. No big deal as they were all in the 5 year plan, but still obviously better to buy cheaper. I may make some purchases but still don’t feel like it’s quite over yet.

 

[David Dodds]

GME $150 is a real barrier. If it accelerates past this and people believe those calls are coming in tomorrow, watch out. This is the start.

 

[Bob Sacamano]

I agree with this to a point. The naked short sellers trying to ram companies into bankruptcy so they never have to cover their positions is crap. Let companies die naturally without the naked short positions accelerating it.

Agreed

 

[Capella]

“At least I have gamestonk today”, he says to himself, unbelievably. 

 

[Desert_Power]

I think you mistake the ability of blockchain to generate cash someday, but I certainly understand the skepticism.  

I think blockchain is really cool technology. It's a great way to track ethically mined cobalt or unique NBA highlights you don't actually own.

I've just never connected to why I would want to own these coins as investment. They're never going to be used as a payment methods. Nobody knows what the actual "float" out there is. There is a lot of fraud and shady stuff that goes on with these (looking at you, Tether).

 

[Wild Young Billy]

GME $150 is a real barrier. If it accelerates past this and people believe those calls are coming in tomorrow, watch out. This is the start.

Ironically trading halted at 149.55

 

[beef]

Since I'm losing money every day on $DM I might as well shift that to GME.  PLTR, you're on notice too.  

 

[BassNBrew]

I think blockchain is really cool technology. It's a great way to track ethically mined cobalt or unique NBA highlights you don't actually own.

I've just never connected to why I would want to own these coins as investment. They're never going to be used as a payment methods. Nobody knows what the actual "float" out there is. There is a lot of fraud and shady stuff that goes on with these (looking at you, Tether).

Pull up a chair next to me DP and help me yell at these kids on my lawn.

 

[Bob Sacamano]

But then I also believe naked shorting should result in fines that make the 2020 deficit look like my 14 year-old's VHS tape budget.

 

[David Dodds]

An aside. Interesting tidbit from SQ's earnings:

In 2020, more than three million customers purchased or sold bitcoin on Cash App

In January 2021, more than one million customers purchased bitcoin through the app for the first time.

This is why I love PayPal as well. Fast-forward 5 years and 10X number of people (or more) will own some crypto. I am extremely bullish on these stocks.

I actually applaud the cool kid companies like TESLA that hold a portion of their cash-reserves in crypto. It's the ultimate hedge against the dollar, etc.

 

[TripItUp]

So I'm a big dummy still holding $CCIV at about 14.5% profit.

Unsure on whether to sell at this point.

I know I missed the top...

Oy

@TripItUp ?

The production delays were a huge red flag for me.   I got out as soon as I could after that news.

 

[FreeBaGeL]

SEC investigating Elon Musk for his tweets.

Nice buy opportunity for TSLA probably.  That's all these dumb headlines have ever been.

 

[TripItUp]

I am in a large cash position, trying to determine my next moves.   Rising rates really complicates the matter.  I may have to go with a boring, traditional strategy...SPACs/Growth was a lot more fun but there are headwinds that can't be overcome.

 

[hooter311]

This is why I love PayPal as well. Fast-forward 5 years and 10X number of people (or more) will own some crypto. I am extremely bullish on these stocks.

I actually applaud the cool kid companies like TESLA that hold a portion of their cash-reserves in crypto. It's the ultimate hedge against the dollar, etc.

1 million people used square's Cash App to buy bitcoin for the first time in January.

 

[Desert_Power]

Pull up a chair next to me DP and help me yell at these kids on my lawn.

Let's grab a beer in NoDa and yell at these hipsters with their newfangled IPAs.

 

[David Dodds]

1 million people used square's Cash App to buy bitcoin for the first time in January.

yes PayPal added Bitcoin, Litecoin, Bitcoin Cash, and Ethereum as well. They take a transaction fee of $9.00 on $500 purchased. I think this will be like printing money from us boomers that don't want to jump through all the hassles of a crypto wallet. I will just keep everything in my PayPal account.

 

[beef]

I am in a large cash position, trying to determine my next moves.   Rising rates really complicates the matter.  I may have to go with a boring, traditional strategy...SPACs/Growth was a lot more fun but there are headwinds that can't be overcome.

The SPAC gig may be up, and the only winners are the ones involved in the merger.  Almost every one I've been tracking that has announced a merger (past couple of months) is almost back to where it was prior to the merger announcement.  

 

[hooter311]

This SPAC thing is gonna end a lot worse than crypto.

 

[beef]

yes PayPal added Bitcoin, Litecoin, Bitcoin Cash, and Ethereum as well. They take a transaction fee of $9.00 on $500 purchased. I think this will be like printing money from us boomers that don't want to jump through all the hassles of a crypto wallet. I will just keep everything in my PayPal account.

Same here.  Not sure how other platforms do it, but Paypal's is brilliantly simple and easy.  

 

[Swaymoney]

The production delays were a huge red flag for me.   I got out as soon as I could after that news.

I think CCIV eventually rebounds and could be a score for folks and that's not wishful thinking. 

 

[General Malaise]

Let's grab a beer in NoDa and yell at these hipsters with their newfangled IPAs.

Newfangled????   Sir, I'll have you know that's the flagship beer of Oregon!

 

[General Malaise]

Buy Apple, they said.  It's bulletproof.  The earnings are ungodly.  You can't lose.  


Guess I'll buy more?

 

[Swaymoney]

What a beautifully red day!

 

[Steeler]

The SPAC gig may be up.

I have VCVC and HZAC.  I'll hold VCVC because it's tied to REE.  HZAC trading at 10.35 so no immediate need to sell it - will hold and see what happens.

 

[Capella]

Buy Apple, they said.  It's bulletproof.  The earnings are ungodly.  You can't lose.  


Guess I'll buy more?

Seems like to me that everybody is getting out of these prestige stocks or whatever you want to call them in order to chase the fast money. 

 

[cosjobs]

VIX Down 21.5%

UVXY +10%

wtfh. I sure miss TVIX. This is ridiculous. We should be up 40% today in UVXY

 

[Buckna]

Once I sell GME/AMC, I will be transitioning into PayPal and Peloton. Both are attractive to me at the current prices.

Are you thinking as more of a day trade or short term swing trade, or as an actual longer term investment?

 

[TripItUp]

I have VCVC and HZAC.  I'll hold VCVC because it's tied to REE.  HZAC trading at 10.35 so no immediate need to sell it - will hold and see what happens.

Not a ton of risk at those prices...you don't see many reputable SPACs go from 11 to 8, for example.

 

[David Dodds]

Are you thinking as more of a day trade or short term swing trade, or as an actual longer term investment?

at some point, my wife is going to tire of me yelling STONKS and I may need to actually start working again. I like Peloton and PayPal for long-term growth. 

 

[cosjobs]

GBTC and  MARA down about 3%

RGBFF, MSTR and MOGO down about 8-9%. Could be some relative value in those

 

[hooter311]

GBTC and  MARA down about 3%

RGBFF, MSTR and MOGO down about 8-9%. Could be some relative value in those

I've been buying MSTR. Up to 52 shares.

 

[General Malaise]

Ah hell, it's only money.....

50 GME Stonks.....MARKET NOT HELD!

 

[David Dodds]

That was a MOVE up for GME. It's on right now. Let the Hedge Fund battle commence.

 

[David Dodds]

Ah hell, it's only money.....

50 GME Stonks.....MARKET NOT HELD!

Market reacted to GM joining the mission. Let's do this.

 

[caustic]

This SPAC thing is gonna end a lot worse than crypto.

How so?

 

[hooter311]

at some point, my wife is going to tire of me yelling STONKS and I may need to actually start working again. I like Peloton and PayPal for long-term growth. 

I just had this conversation yesterday.  My of the argument was "let's focus on the results and not the process."

 

[General Malaise]

Market reacted to GM joining the mission. Let's do this.

LEEEEEEEEEEEEETTTTTTTTTTTTTTSSSSSSSSSSSSSSSSSSSSSSS GOOOOOOOOOOOOOOOOOOOOOOOOOOOOO