Stock Thread

Steeler · January 29

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:

BigJohn · January 29

Stolen from Youtube...

Quote

This is just the generation that spent their entire childhood getting $5 in premium for their entire N64 library, getting even with the house...

:lmao:

[icon] · January 29

5 minutes ago, 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

IMO AMC is capped by their ongoing aggressive dilution

GroveDiesel · January 29

3 hours ago, [icon] said:

Very VERY interesting WSB read here:

[quote]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[/quote]

Pros... this sound viable?

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.

Shula-holic · January 29

Just now, 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.

About the only thing in all this I'm sure of.

Leeroy Jenkins · January 29

55 minutes ago, 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.

Much to learn I have, as I don't get this almost at all.

Nigel · January 29

Just now, Leeroy Jenkins said:

Much to learn I have, as I don't get this almost at all.

Yoda alias?

tonydead · January 29

To the moon.

urbanhack · January 29

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.

QuizGuy66 · January 29

10 minutes ago, 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

Whoa they get props for the Civ reference

-QG

CGRdrJoe · January 29

Just 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.

It’s halted after going from 413 to 354

BassNBrew · January 29

2 minutes ago, 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.

I can't even get into Fidelity right now.

McBokonon · January 29

1 minute ago, CGRdrJoe said:

It’s halted after going from 413 to 354

He’s talking about AMC, not GME

QuizGuy66 · January 29

6 minutes ago, GroveDiesel said:

But at some point the everyday folks are going to get left holding the bag.

What company owns Hefty? Seems like bag stocks are a good buy today given all the people that will be holding them.

-QG

[icon] · January 29

3 minutes ago, 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.

Was having similar issue executing some trades, they're getting hammered. Keep trying and it'll work

CGRdrJoe · January 29

1 minute ago, McBokonon said:

He’s talking about AMC, not GME

Ah :bag: well both had the e-brakes deployed

urbanhack · January 29

Just now, [icon] said:

Was having similar issue executing some trades, they're getting hammered. Keep trying and it'll work

executed at $14.25

QuizGuy66 · January 29

1 minute ago, McBokonon said:

He’s talking about AMC, not GME

AMC and GME need to execute a merger to really get things going :excited: List at the merger as GMC and go into the truck business.

-QG

Captain Cranks · January 29

2 minutes ago, Leeroy Jenkins said:

Much to learn I have, as I don't get this almost at all.

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.

QuizGuy66 · January 29

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 · January 29

On 1/27/2021 at 3:30 PM, 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

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.

KGB · January 29

Dumping my AMC up 63%

May buy back in after the crash

culdeus · January 29

13 minutes ago, [icon] said:

IMO AMC is capped by their ongoing aggressive dilution

It's not thaaaat aggressive. They haven't even capitalized 20% of their debt in this.

Moe Green · January 29

10 minutes ago, Nigel said:

Yoda alias?

It is the way.

QuizGuy66 · January 29

Need more @SWC in this thread. Take that one to the bank bromigos

-QG

Willy · January 29

For those keeping score at home: When will this happen?

https://www.youtube.com/watch?v=j4SRsGn14PI&ab_channel=okidokivideos

Want to be sure to tune in for that.

Capella · January 29

Shtick stocks aside, looks to be an ugly ending to an ugly week.

Moe Green · January 29

1 minute ago, Moe Green said:

This is the way.

Navin Johnson · January 29

11 minutes ago, tonydead said:

To the moon.

💎🤲

QuizGuy66 · January 29

Thread opening at 52 members today. Sell at 90.

-QG

QuizGuy66 · January 29

Dogecoin between .05 and .06 - that is the pure pump and dump scenario of the day.

-QG

KGB · January 29

9 minutes ago, KGB said:

Dumping my AMC up 63%

May buy back in after the crash

Note to self. Sold at ,,$13.30. 8500

Edited January 29 by KGB

Moe Green · January 29

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’.”

McBokonon · January 29

3 minutes ago, Moe Green said:

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’.”

Also they are probably totally doing it.

Nigel · January 29

FLGT keeping my boat afloat

McBokonon · January 29

Just now, Nigel said:

FLGT keeping my boat afloat

$SE is starting to get jealous of the way I look at my $FLGT shares. :wub:

Sideshow Bob · January 29

7 minutes ago, McBokonon said:

$SE is starting to get jealous of the way I look at my $FLGT shares.

Indeed. The way my wife looks at red wine. Or @Idiot Boxer looks at Ryan Reynolds.

cheese · January 29

39 minutes ago, [icon] said:

IMO AMC is capped by their ongoing aggressive dilution

I’m sure you’re right, but most of the players involved in this dont even understand what you just said so I doubt it impacts short term buying.

tonydead · January 29

26 minutes ago, Capella said:

Shtick stocks aside, looks to be an ugly ending to an ugly week.

I prefer to say a week full of buying opportunities. I love it when that happens in January and February.

-OZ- · January 29

On 1/26/2021 at 3:04 PM, BassNBrew said:

Replaced the 50% of the shares I sold two weeks ago at $216.

Bought back what I had sold, plus a little at $212

tonydead · January 29

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."

-OZ- · January 29

25 minutes ago, KGB said:

Note to self. Sold at ,,$13.30. 8500

Sold a lot less at $14

Sideshow Bob · January 29

32 minutes ago, Moe Green said:

This is the way

jamny · January 29

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:

Quote

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.

Dwayne Hoover · January 29

Bought some $50 GME puts expiring 2/19. Sorry people, I think the rug is going to get pulled.

Could be $20 stock by then.

Sideshow Bob · January 29

39 minutes ago, [icon] said:

Was having similar issue executing some trades, they're getting hammered. Keep trying and it'll work

Yeah, there's a part of me that would like all of this to be over just so I can get my full Summary tab when I login. #OldManYellingAtClouds

kevzilla · January 29

Probably a good day to start a JNJ position

Al Czervik · January 29

https://twitter.com/robinhood/status/1354786505873625091 😄

Redwes25 · January 29

4 minutes ago, 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:

Ok, I am sorry for his Dad and family but his logic is ####### stupid.

Sideshow Bob · January 29

23 minutes ago, McBokonon said:

$SE is starting to get jealous of the way I look at my $FLGT shares.

FLGT210716P55

I wrote these on 1/6 for $14.40. Just over 3 weeks later the Bid/Ask is $5.50/$8.50

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