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Stock Thread (4 Viewers)

Charlie Harper said:
It's crazy how GME can't seem to get past $180.
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It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story.

 
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stbugs said:
It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story.
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The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. 

 
JB Breakfast Club said:
The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. 
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Lol, I’m sorry but that’s ridiculous longer term. I absolutely understand that if people are willing to pay a price to stick it to the man, you can temporarily keep it elevated but it will wear off. Trendy stuff always does and the future stock price will be based on the fundamentals. Just like AMC where the billionaire whale that brought the company public was more than happy to abandon ship at retail investors expense (made almost $700M), the same will happen here. You aren’t fighting evil hedge funds, you are assisting one set of billionaires over another. Elon is a friend then an enemy. Same with Chamath. Ryan Cohen, a billionaire, is somehow a man of the people because he tweets and ice cream cone and a frog? He’s out to make money.

It will be interesting to see how long it lasts but we just passed by another moonshot call date with nothing. I’m still amazed at how much press this company gets as a mini Best Buy that hasn’t even turned around the business. All I can say is good luck.

 
JB Breakfast Club said:
The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. 
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I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity.  Yes, the allure of a squeeze is very much part of my motivation.  

That being said, I doubt I'm holding this stock come September 1.  In fact, I may cash out most, if not all,  in next 48 hours heading into holiday weekend. 

Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket.

 
JaxBill said:
I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity.  Yes, the allure of a squeeze is very much part of my motivation.  

That being said, I doubt I'm holding this stock come September 1.  In fact, I may cash out most, if not all,  in next 48 hours heading into holiday weekend. 

Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket.
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Exactly, it’s a trading opportunity. If you are truly trying to fight the rich man while helping the other rich man, then you’ll likely hold it way too long. At some point, the company will be based on the fundamentals. Right now, it’s a different animal, but that won’t last long.

 
stbugs said:
Exactly, it’s a trading opportunity. If you are truly trying to fight the rich man while helping the other rich man, then you’ll likely hold it way too long. At some point, the company will be based on the fundamentals. Right now, it’s a different animal, but that won’t last long.
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LOL...get outta here with your fundamentals.  🚀baby.  In two weeks Ryan Cohen is going to make everyone show up at their local game stop and present their shares to be validated.  We are taking down the man on that day and headed to orbit.

 
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Wow, this article is pretty telling on AMC. Forget about all the other reasons, which are good reasons to not invest, the one that really got me was this. Based on how much debt has been added to try and save the company, their interest expenses for this year will be more than AMC has ever made in a year. That’s mind blowing. Just servicing debt and interest expenses, they are now paying more cash than they’ve ever generated in a year. Movie revenue and ticket sales continue to go down every year. Day trade as much as you like, AMC is a complete dog and unfortunately the largest whale/billionaire investor just dumped all his shares on retail investors at these higher prices. All the fighting the man is just putting more shares in apes hands and the leader of the apes at AMC got a $5M bonus last year and his compensation doubled in 2020. The company doesn’t have its investors’ backs. Seems like they are keeping it alive to milk as much as they can.

Good luck to all!

 
JaxBill said:
I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity.  Yes, the allure of a squeeze is very much part of my motivation.  

That being said, I doubt I'm holding this stock come September 1.  In fact, I may cash out most, if not all,  in next 48 hours heading into holiday weekend. 

Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket.
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Sold 80% at 191.50. #paperHands

Keeping xx "free" shares for a ride 

 
Not sure if anyone is still in RIDE but it seems like they didn’t have a good earnings call. It’s seemed a little worrisome that they said they will be delayed and producing less than expected this year and also said they’ll end 2021 with $50-75M in liquidity. That sure is shaping up to not be enough to survive. It wouldn’t shock me if they have nothing produced this year so either close up shop or dilute. I think there’s going to be a whole lot more SPACs like this over the next couple years.

 
stbugs said:
Wow, this article is pretty telling on AMC. Forget about all the other reasons, which are good reasons to not invest, the one that really got me was this. Based on how much debt has been added to try and save the company, their interest expenses for this year will be more than AMC has ever made in a year. That’s mind blowing. Just servicing debt and interest expenses, they are now paying more cash than they’ve ever generated in a year. Movie revenue and ticket sales continue to go down every year. Day trade as much as you like, AMC is a complete dog and unfortunately the largest whale/billionaire investor just dumped all his shares on retail investors at these higher prices. All the fighting the man is just putting more shares in apes hands and the leader of the apes at AMC got a $5M bonus last year and his compensation doubled in 2020. The company doesn’t have its investors’ backs. Seems like they are keeping it alive to milk as much as they can.

Good luck to all!
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Sure, but what's more compelling? "Their interest expense for this year will be more than AMC has ever made in a year" 😴 

Or "To the moooooooon zomgletsgo!!!! 🚀🚀"

You never stood a chance, gb.

 
stbugs said:
Not sure if anyone is still in RIDE but it seems like they didn’t have a good earnings call. It’s seemed a little worrisome that they said they will be delayed and producing less than expected this year and also said they’ll end 2021 with $50-75M in liquidity. That sure is shaping up to not be enough to survive. It wouldn’t shock me if they have nothing produced this year so either close up shop or dilute. I think there’s going to be a whole lot more SPACs like this over the next couple years.
Click to expand...
Abandoned RIDE a long time ago, made some money but obviously glad to be out.

I'm in Ford instead. 

https://www.caranddriver.com/news/a36433090/2022-ford-f-150-lightning-specs-revealed/

 
stbugs said:
Charlie Harper said:
It's crazy how GME can't seem to get past $180.
Click to expand...
It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story.
Click to expand...
knock knock

 
JB Breakfast Club said:
Tempted to add more. Feels like there's still room to double from here. 
Click to expand...
Me too. I said 5/13 felt like a stabilizing base, just wish I added more of this and some other stuff. Still below all their highs but $13 and $15 definitely felt cheap. I did add another 200 before on the drop so finally green overall since my other 200 was at $22. Probably will be some more bumps in the road that get it under $20 again to add a last batch, but not sure.

 
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