What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Stock Thread (13 Viewers)

I know nobody knows for sure, but does anyone want to guess at a top-end price for AMC and GME today?

Also, one of the comments on that reddit post about GME said: "forget the moon!  We are going to alpha centauri  :lol:  

 
Steeler said:
I know nobody knows for sure, but does anyone want to guess at a top-end price for AMC and GME today?

Also, one of the comments on that reddit post about GME said: "forget the moon!  We are going to alpha centauri  :lol:  
Click to expand...
IMO AMC is capped by their ongoing aggressive dilution 

 
[icon] said:
Very VERY interesting WSB read here:

30 Seconds From Triggering Market Nuclear Bomb

I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.  

Disclaimer: I am that monkey.  Let me explain to you what happened, play by play.  I will give you illiterates who hate reading a spoiler up front: 

__We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market.__ Do I have your attention?  Here goes:

1.    ⁠Yesterday, new call option strike prices were added all the way up to $570.  Do I have to go over gamma squeezes again?  Really?  We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock.  This creates upwards pressure on the market.  We've been seeing these movements all week.
2.    ⁠Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off.  It didn't work.
3.    ⁠Last night, Robinhood sent out a message to users: you could no longer enter into new options.  You could exercise them if you had the collateral (money in the account) to do so.  Very interesting and the first sign of pants-####ting fear.
4.    ⁠Today, the market opened very strong.  It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
5.    ⁠At approximately 9:58 am, the stock had reached $468 in a parabolic move.
6.    ⁠Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
7.    ⁠The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it.  What does that mean?  It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.  

__I saw an unsubstantiated post from a user ([u/zshub](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)) who said a market sell order executed at $2600 for him.  Also, someone else for over [$5,000](https://www.reddit.com/r/wallstreetbets/comments/l7em07/coworker_had_a_limit_executed_of_a_little_over/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) per share. Do you get the severity of the situation, if that's true?__ It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares.  It means virtually any ask was getting bid.

How do you get infinite upwards pressure?  A gamma squeeze triggering the mother of all short squeezes, just like we predicted.  The call writers need shares to hedge.  Retail is still buying more.  The short sellers need over 100% of the float back.  Add these together.  There were more shares needed than existed on the open market.  That's what a liquidity crisis is.

[Listen to this ](https://youtu.be/7RH4XKP55fM)to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home.  DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello!  He's not talking about the market for GME shares.  He's talking about the entire market!  The New York Stock Exchange.  The NASDAQ.  All that.

Remember the movie Snowpiercer?  Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets?  Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o

It kick starts a full blown rebellion.  They have no bullets.  It's the exact same in this market:  No capital.  No shares.  Infinite losses inbound.

__TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares.  Do you get that?  HOLD.  Like the guy in the movie, scream, "They're out of bullets!" and create a stampede.  That's how we win.__

They needed your shares so badly that they literally risked PRISON TIME to get them.  They tried robbing you, and I'm not even exaggerating.  They were within 30 seconds of all being wiped out today.

Credit: u/PlayFree_Bird
Click to expand...
 

Pros... this sound viable? 
Click to expand...
I’m not saying this stuff is wrong, but a whole lot of the chatter and what is being accepted as facts on this stuff sounds and feels like a lot of the QAnon and other political conspiracy stuff. A lot of wild claims, stats, and numbers being thrown around and just accepted as fact if they promote the desired narrative. And if things start playing out in a direction that runs counter to that narrative, the narrative is adjusted or excuses are given as to why what we’re seeing isn’t really real.

Continuing to jump on the populist and train and blindly accepting the narrative is a good way for the little guy to get run over. I love the idea behind all of this, and the thought of billionaire hedge funds getting punched in the mouth by small individual retail investors after the hedge funds tried to shadily tank a company is delicious. But at some point the everyday folks are going to get left holding the bag.

 
GroveDiesel said:
I’m not saying this stuff is wrong, but a whole lot of the chatter and what is being accepted as facts on this stuff sounds and feels like a lot of the QAnon and other political conspiracy stuff. A lot of wild claims, stats, and numbers being thrown around and just accepted as fact if they promote the desired narrative. And if things start playing out in a direction that runs counter to that narrative, the narrative is adjusted or excuses are given as to why what we’re seeing isn’t really real.

Continuing to jump on the populist and train and blindly accepting the narrative is a good way for the little guy to get run over. I love the idea behind all of this, and the thought of billionaire hedge funds getting punched in the mouth by small individual retail investors after the hedge funds tried to shadily tank a company is delicious. But at some point the everyday folks are going to get left holding the bag.
Click to expand...
About the only thing in all this I'm sure of.

 
Captain Cranks said:
There's a good chance this is just a short term rise before the "diamond hands" finish the squeeze and move on to other victims, leaving the stock to drop precipitously.  You could buy a put option at a strike $50 or $100 lower than the value of the stock which gives you the right to sell 100 shares of the stock without the infinite downside of shorting the stock.  Since volatility is crazy high, the options will be expensive, but you can pay for that by shorting another put option at a lower strike.  It's difficult for me to draft a firm example since I don't have actual option prices right now, but one idea I'd throw out is buy a Feb 19th $200 put and sell a Feb 19th $50 put against it. 
Click to expand...
Much to learn I have, as I don't get this almost at all.

 
Just tried selling my AMC to get out with a small win.

Error:(16500) Fidelity is unable to provide the information that you requested at this time. This may be due to scheduled system maintenance or an intermittent outage. Please retry your request at a later time.

 
Steeler said:
I know nobody knows for sure, but does anyone want to guess at a top-end price for AMC and GME today?

Also, one of the comments on that reddit post about GME said: "forget the moon!  We are going to alpha centauri  :lol:  
Click to expand...
Whoa they get props for the Civ reference

-QG

 
urbanhack said:
Just tried selling my AMC to get out with a small win.

Error:(16500) Fidelity is unable to provide the information that you requested at this time. This may be due to scheduled system maintenance or an intermittent outage. Please retry your request at a later time.
Click to expand...
It’s halted after going from 413 to 354

 
urbanhack said:
Just tried selling my AMC to get out with a small win.

Error:(16500) Fidelity is unable to provide the information that you requested at this time. This may be due to scheduled system maintenance or an intermittent outage. Please retry your request at a later time.
Click to expand...
I can't even get into Fidelity right now.

 
urbanhack said:
Just tried selling my AMC to get out with a small win.

Error:(16500) Fidelity is unable to provide the information that you requested at this time. This may be due to scheduled system maintenance or an intermittent outage. Please retry your request at a later time.
Click to expand...
Was having similar issue executing some trades, they're getting hammered. Keep trying and it'll work 

 
Leeroy Jenkins said:
Much to learn I have, as I don't get this almost at all.
Click to expand...
Here's an example using the terms I used above.  GME stock on Feb 19th closes at $40/share.

You bought a $200 put option which give you the right to sell the stock for $200.  Therefore, you sell 100 shares of the stock for $200 when it's only worth $40.  Therefore you earned $160/share x 100 shares.  $16,000 gain.

However, you also sold a $50 put option, which means someone is going to sell you the stock at $50.  Therefore you owe $10/share x 100 shares.  $1,000 loss.

Gross profit is $15,000.  Both of these transactions occur automatically and settle financially, so you don't actually take ownership or have to sell the stock.

Now, of course, you need to factor in how much those options cost you.  I'm not able to see realtime prices, but the worst you can ever lose if the stock never goes below $200 is the cost of the options.  

 
These trading issues you guys are talking about remind me about the day I accidentally bought an extra pair of tickets to Hamilton.

-QG

 
McBokonon said:
I closed out. I’ll keep an eye on fintwit to see if there’s a new possible target but I’m taking my couple grand and adding to non-crap positions that got hit once I think the pullback is close to done
Click to expand...
I think I nailed this trade - very happy to have just made a one day trade and by bail on Wednesday. Bought more SQ.

I think @GroveDiesel comparing this to Q is spot on which is why I can notice some posters totally buying into the Fight Club Bringing Down The Man fever dream. 

 
CNBC

“I do sense there’s a double standard here,” said a former Goldman Sachs trader who now works for a technology firm. “Put it this way, if Goldman Sachs were doing this, it would be called `arbitrage’.”

 
Not sure if it just window dressing or not, but, statement made by the SEC this morning that they will "closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities."

 
I saw someone on TV the other day talking about how the wsb are children of the financial collapse and witnessed how their families suffered and the banks were bailed out. I didn't give it too much credit but saw this today:

This is for you, Dad

I remember when the housing collapse sent a torpedo through my family. My father's concrete company collapsed almost overnight. My father lost his home. My uncle lost his home. I remember my brother helping my father count pocket change on our kitchen table. That was all the money he had left in the world. While this was happening in my home, I saw hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protestors. I will never forget that.

My Father never recovered from that blow. He fell deeper and deeper into alcoholism and exists now as a shell of his former self, waiting for death.

This is all the money I have and I'd rather lose it all than give them what they need to destroy me. Taking money from me won't hurt me, because i don't value it at all. I'll burn it all down just to spite them.

This is for you, Dad.
Click to expand...

 
jamny said:
I saw someone on TV the other day talking about how the wsb are children of the financial collapse and witnessed how their families suffered and the banks were bailed out. I didn't give it too much credit but saw this today:
Click to expand...
Ok, I am sorry for his Dad and family but his logic is ####### stupid.  

 
You must log in or register to reply here.

Similar threads

Andrew74
2025 FBG Stock Contest
2
Replies
76
Views
3K
SouthJersey
SouthJersey
Andrew74
2024 FBG Stock Contest
2 3
Replies
127
Views
6K
McBokonon
McBokonon
BLOCKED_PUNT
Hidden Gems
Replies
6
Views
440
Tick
Tick

Users who are viewing this thread

Total: 12 (members: 0, guests: 12)
Back
Top