Stock Thread (9 Viewers)

[KGB]

DJT at $70

Betting against

 

[Klimtology]

I'm just getting back into the market.

Is this a bad idea?

 

[Capella]

I'm just getting back into the market.

Is this a bad idea?

Nobody can really answer that question. If you are getting back in long-term it is never a bad idea. If you are trying to flip stocks it’s probably risky.

 

[Klimtology]

What would you consider to be Long Term?

TIA

 

[Klimtology]

3- 5 years?

 

[Capella]

What would you consider to be Long Term?

TIA

Yea, 3-5. Longer in my case.

 

[Bob Sacamano]

DJT at $70

Betting against

How?

 

[Bob Sacamano]

Hmmm... options are available. I assume because DWAC was already actively traded? I was assuming this would have new name restrictions and take time to have options traded.

 

[Ridgeback]

DJT at $70

Betting against

I rarely short anymore but betting against the grifter's platform and all the fake math behind it seems like a no-brainer.

 

[FreeBaGeL]

Hmmm... options are available. I assume because DWAC was already actively traded? I was assuming this would have new name restrictions and take time to have options traded.

Puts are stupid expensive though. And as we've seen before these stonks that are disconnected from fundamentals could triple again before they crash.

 

[Bob Sacamano]

Hmmm... options are available. I assume because DWAC was already actively traded? I was assuming this would have new name restrictions and take time to have options traded.

Puts are stupid expensive though.

You are not lyin.

 

[Penguin]

want to state that I'm not saying we hit 1929 lows, just that the drop will be worse than the 2008/2009 housing crisis and the .Com bubble

I think most people are expecting some sort of downward turn but that seems overly pessimistic. Why do you think that?

It's the opinion of the really smart folks I follow, not mine

 

[DevilDog919]

It seems like the DJT move was to be in already by Monday and sell today.

Going to be making some pretty good money off of 3/28 $50 and $70 calls I bought last week.

 

[beef]

Hmmm... options are available. I assume because DWAC was already actively traded? I was assuming this would have new name restrictions and take time to have options traded.

Puts are stupid expensive though. And as we've seen before these stonks that are disconnected from fundamentals could triple again before they crash.

I'm staying away. Money can pour in from all over and it's not worth the risk imo.

 

[Bogart]

I'm considering opening a margin account for this DJT/DWAC opportunity...

Pretty good sign we've reached a top of some kind.

His fanbase is dedicated. I could see a silly pump to $100 or more this week, but then the fall will come. This will be around 6-7 dollars by May.

 

[McBokonon]

Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.

DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.

This thing will still trade bonkers. Trump has billions in shares which he could theoretically just dump to pay bills. He could also demand other GOPers spend advertising money there as a show of fealty. The people in the tired of Vegas thread should just gamble with DJT and RDDT instead. All of the action, none of the cigarette smoke.

One thing to add to the above. Trump is apparently locked into holding his shares for 6 months, so he can't immediately dump them to raise money. However, the board can vote to remove that restriction. The board consists of people like Devin Nunes and Don Jr, so you can imagine how that vote would go. But I think we'd know the vote is taking place in advance so you can act accordingly.

 

[Bob Sacamano]

Somehow DWAC received SEC approval to move forward with their merger. Most likely down to just a shareholder vote, although their old DWAC CEO Patrick Orlando is now holding them hostage for more money (shocker!!) The new ticker symbol is going to be "DJT" if the merger passes. Stock up to $50 a share today, again with no real product (Truth Social is the #139 social media app in the Apple App store) and bleeding money. I sold at $44 when it doubled my money on early primary news, but thinking about shorting now. The dilution when merged is going to kill the price. And it could be a few more months before the merger, which will force the price and excitement down.

DWAC shareholders successfully voted today to merge with TMTG and will be on the stock exchange Monday as DJT. Volatile price movement today was expected and it delivered. Share dilution hits Monday and also the realization of being a real company will come crashing down. Made about 200% on just playing with this stock the last two years with some fun money, but glad it's gone.

This thing will still trade bonkers. Trump has billions in shares which he could theoretically just dump to pay bills. He could also demand other GOPers spend advertising money there as a show of fealty. The people in the tired of Vegas thread should just gamble with DJT and RDDT instead. All of the action, none of the cigarette smoke.

One thing to add to the above. Trump is apparently locked into holding his shares for 6 months, so he can't immediately dump them to raise money. However, the board can vote to remove that restriction. The board consists of people like Devin Nunes and Don Jr, so you can imagine how that vote would go. But I think we'd know the vote is taking place in advance so you can act accordingly.

I'd be shocked if this doesn't happen

 

[beef]

Big money will crush the followers in the end. They only care about making money and don't give a crap about the political BS. Anyone in this with personal feelings will stay too long. A lot of them don't have a ton of stock trading experience. A few converted their shares early for huge losses before the merger even went through.

 

[Bogart]

Big money will crush the followers in the end. They only care about making money and don't give a crap about the political BS. Anyone in this with personal feelings will stay too long. A lot of them don't have a ton of stock trading experience. A few converted their shares early for huge losses before the merger even went through.

That is putting it mildly. They honestly don't know anything other than they signed up for an account, funded it, and went all in on DWAC. The sad thing is that now, anytime the price goes up, it's "too the moon" (thanks WallStreetApes) and if it goes down, it's the deep state and the shorts that are depressing the price. They are also taught that the brokers are evil, the SEC is evil and all of Big Tech is going to come crashing down and they (TMTG owners) will buy up X, Meta, TikTok for pennies on the dollar.

Rant over.

 

[FBG Moderator]

Please keep this politics free. Thank you.

 

[McBokonon]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

 

[fruity pebbles]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

Out of all of the great companies out there, why you would choose this thing I have no idea. It offers nothing and is basically a business that doesn’t even need to exist. It’s like having a dvd store.

 

[Bob Sacamano]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Wish you would have mentioned this sooner

 

[Sand]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

Out of all of the great companies out there, why you would choose this thing I have no idea. It offers nothing and is basically a business that doesn’t even need to exist. It’s like having a dvd store.

There's still one Blockbuster store left.

 

[Capella]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

I honestly can’t believe they still have a 4B market cap.

 

[Sand]

Utilities up 2.5%. That's like a 3 sigma move. What's going on here? I can't find anything about inflation easing, etc. that may explain this a bit.

 

[Todem]

Utilities up 2.5%. That's like a 3 sigma move. What's going on here? I can't find anything about inflation easing, etc. that may explain this a bit.

cuz they are cheap.

 

[KGB]

I have a few things going on. rddt and DWT. all together, down like 43% today. oof

holding

 

[pecorino]

I know they're expensive but I bought two DJT puts for June, strike price of $30 for $9. It's a ridiculous premium but I'm not set up to short anything so buying puts is how I do it. Pretty confident that that ticker drops, just a matter of time. I hope it comes fast enough to warrant buying those puts.

 

[guru_007]

$9 billion dollar market cap with $3.5 million in revenues. wtf

 

[jvdesigns2002]

I have a few things going on. rddt and DWT. all together, down like 43% today. oof

holding

You definitely seem to swing for the fences. Good luck GB

 

[Bob Sacamano]

Anybody have thoughts on the DIS BOD drama? Any shareholders vote with Peltz?

 

[Sand]

I know they're expensive but I bought two DJT puts for June, strike price of $30 for $9. It's a ridiculous premium but I'm not set up to short anything so buying puts is how I do it. Pretty confident that that ticker drops, just a matter of time. I hope it comes fast enough to warrant buying those puts.

I couldn't borrow shares to short.

 

[Capella]

I have a few things going on. rddt and DWT. all together, down like 43% today. oof

holding

I respect your absolute commitment to going hard af

 

[fruity pebbles]

I have a few things going on. rddt and DWT. all together, down like 43% today. oof

holding

I respect your absolute commitment to going hard af

Gives me anxiety just reading it lol

 

[KGB]

I have a few things going on. rddt and DWT. all together, down like 43% today. oof

holding

I respect your absolute commitment to going hard af

Gives me anxiety just reading it lol

When Reddit was at $70 and DJT was also at $70 (pretty sure) is when I made these options.... Granted I have bigger balls than brains, but well see.

for april
RDDT - put $62.5
RDDT - put $45
RDDT - call $80 oof
DJT - put $40. Its down, but I have hope. I paid alot, but this thing has dog all over it.

Unfortunately I have more $ on my losers than winners.

 

[stbugs]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

Lol at GME’s new SEC report:

GameStop also claimed in the SEC filing that ever since gaming consoles from companies such as Sony, Nintendo and Microsoft started allowing users to digitally download games (and even created consoles that only allow digital downloads) the change has taken a toll on sales.
“Downloading of video game content to the current generation video game systems continues to grow and take an increasing percentage of new video game sales,” said GameStop in the filing. “If consumers’ preference for downloading video game content in lieu of physical software continues to increase, our business and financial performance may be adversely impacted.”

How can they say that with a straight face in March 2024? All the attempts to pivot have failed and been shut down. I laughed at an article this week about the Microsoft “partnership”, which most people would just say is GameStop paying for cloud services. They still have cash so it’s likely a slow burn. They reduced headcount in the report by 30% so pretty soon, you’ll drive to GameStop and walk in to order a game from a kiosk.

I think Dodds was likely in heavy on all of that still. Conspiracy ran deep with him and TBH, I think he was in way higher than we supposed because I honestly don’t recall much discussion in here at all until it had already blown up. I think I recall $70 to $85 post-split being an amount he recommended buying. Cohen had already sold out when he was still talking BBBY.

 

[Bob Sacamano]

"Oh, right, it's good Friday." :sigh:

 

[General Malaise]

"Oh, right, it's good Friday." :sigh:

Not for those of us who are desperately trying to get K1s out the door.

 

[Sand]

For something different - bought a small chunk of FSCO this week. This slowly decreasing inflation rate thing we have going should be very good for debt funds. It throws off 12% and is trading at a 17% discount - should have bought 6 months ago, but will see how this works.

 

[SFBayDuck]

For something different - bought a small chunk of FSCO this week. This slowly decreasing inflation rate thing we have going should be very good for debt funds. It throws off 12% and is trading at a 17% discount - should have bought 6 months ago, but will see how this works.

Interesting. I see the discount to NAV has reduced significantly, it was nearly 35% a year ago. But there's probably a reason for that in terms of reduced risk.

I regularly poke around and look at Closed End Funds at cefconnect.com, but have only pulled the trigger on a small position in one of them to date.

 

[Sand]

For something different - bought a small chunk of FSCO this week. This slowly decreasing inflation rate thing we have going should be very good for debt funds. It throws off 12% and is trading at a 17% discount - should have bought 6 months ago, but will see how this works.

Interesting. I see the discount to NAV has reduced significantly, it was nearly 35% a year ago. But there's probably a reason for that in terms of reduced risk.

I regularly poke around and look at Closed End Funds at cefconnect.com, but have only pulled the trigger on a small position in one of them to date.

The return profile of these has become known so it has been bought up a bit. Like I said, I should have done this 6 months ago. But I figure it still has room to go.

 

[KGB]

$GME getting hammered after reporting - turns out it’s a brick and mortal retailer selling physical versions of things most people get digitally.

Has Dodds been around? I hope he got out of BBBY and this piece of junk relatively unscathed.

Lol at GME’s new SEC report:

GameStop also claimed in the SEC filing that ever since gaming consoles from companies such as Sony, Nintendo and Microsoft started allowing users to digitally download games (and even created consoles that only allow digital downloads) the change has taken a toll on sales.
“Downloading of video game content to the current generation video game systems continues to grow and take an increasing percentage of new video game sales,” said GameStop in the filing. “If consumers’ preference for downloading video game content in lieu of physical software continues to increase, our business and financial performance may be adversely impacted.”

How can they say that with a straight face in March 2024? All the attempts to pivot have failed and been shut down. I laughed at an article this week about the Microsoft “partnership”, which most people would just say is GameStop paying for cloud services. They still have cash so it’s likely a slow burn. They reduced headcount in the report by 30% so pretty soon, you’ll drive to GameStop and walk in to order a game from a kiosk.

I think Dodds was likely in heavy on all of that still. Conspiracy ran deep with him and TBH, I think he was in way higher than we supposed because I honestly don’t recall much discussion in here at all until it had already blown up. I think I recall $70 to $85 post-split being an amount he recommended buying. Cohen had already sold out when he was still talking BBBY.

just asking... is anyone here still playing gme?

 

[KGB]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision!

 

[Schmeabs]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision!

FB got met with the same disdain from this board as DJT did so that is a better comparison.

 

[KGB]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision!

FB got met with the same disdain from this board as DJT did so that is a better comparison.

yeah, but at least rddt is in the same category.

 

[KGB]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision!

FB got met with the same disdain from this board as DJT did so that is a better comparison.

DWAC went up
100
100
and then crashed. I know. it was my money lost.

DJT is different and I think a huge loser too. and im not a dem. I only care about $$$

 

[KGB]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision!

I vote DOWN. $25 low

 

[hooter311]

Place your bets!

RDDT is about $50

in 6 months. do you think up or down?


I remember facebook was quite a split decision.

Up. Their AI has potential as far as putting stuff interesting in my feed, better than facebook imo which should have way more data on me. Billion dollars a year in ad revenue as well. Think it could very easily justify a few more billion in marketcap.

I'm looking for a small entry after laughing off the stock a few weeks ago.

 

[Sand]

Nice inflation tantrum going on this morning. The way this is going I wouldn't be surprised at 0 rate cuts this year.