Stock Thread

[David Dodds 2,763]

I am tracking volume and price at 10 minute intervals. Volume is slowing while price is accelerating. The hedge funds won't get out of all of these puts in time by the close at their current rate. The spigot has to get turned on eventually.

I am a hold at AMC and may start buying again if they don't hurry up an buy themselves. IMO, Gamma squeeze is in play 

[McBokonon 3,956]

5 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:

 

There's some good articles out there (if I remember I'll find them and post later) comparing the rise of socialist sympathies among people during the Depression and present day. Not full blown communism, but more people wanting social safety nets in place coupled with distrust of large financial institutions. The latter were basically to blame for the Depression and Great Recession and normal people got crushed, so things like the New Deal became palatable, and you're seeing it now with a majority being in favor of Medicare for all and other programs, as an example.

[BassNBrew 11,891]

12 minutes ago, -OZ- said:

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

Good work.  I sold the $206 lot yesterday at $226.  Moved some of that to APPL and kept the rest in cash.

[McBokonon 3,956]

7 minutes ago, Sideshow Bob said:

FLGT210716P55

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

I don't quite know what that is. Did you sell a put or a call or what? I see a strike date in July with a target price of 55 but don't know exactly what the transaction is from that.

[KGB 480]

9 minutes ago, David Dodds said:

I am tracking volume and price at 10 minute intervals. Volume is slowing while price is accelerating. The hedge funds won't get out of all of these puts in time by the close at their current rate. The spigot has to get turned on eventually.

I am a hold at AMC and may start buying again if they don't hurry up an buy themselves. IMO, Gamma squeeze is in play 

I'm a buyer at 11 and if it goes to 9 I'm going big

[Capella 31,966]

23 minutes ago, tonydead said:

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

I picked up more Amz yesterday while it was getting dragged down. 

[Todem 5,348]

19 minutes ago, Dwayne Hoover said:

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.

What was the premium you paid?

[Dwayne Hoover 545]

2 minutes ago, Todem said:

What was the premium you paid?

11.60

[Sideshow Bob 869]

10 minutes ago, McBokonon said:

I don't quite know what that is. Did you sell a put or a call or what? I see a strike date in July with a target price of 55 but don't know exactly what the transaction is from that.

I sold 4 July $55 puts for $14.40. I could buy them to close 3 weeks later somewhere between $5.50-$8.50 if I wanted to.

[David Dodds 2,763]

I feel like the Hedge Funds tipped their hand by buying so strongly at the open. For AMC, we know they are willing to pay $14.31 a share because the market opened there (and was accelerating during the opening of pre-market until the real market opened). But they failed to get enough shares then by my estimation at the current volume levels.

Volume has to increase for them to avoid the gamma squeeze. That only happens when they increase what they are willing to buy it for.

I have set my first sales at $14.30 and am stepping up from there. I will take all my shares to afterhours if need be.

[cosjobs 15,366]

2 hours ago, culdeus said:

https://www.barchart.com/stocks/quotes/GME|20210129|78.00P/overview

editing to note you'd have to be out of your mind to get that, but if you do I'll cheer you on.

last three days they were pay up to 13, 5, and 11 dollar for the position.

Today's its only 47 cents because the beta has almost completely decayed

[KGB 480]

2 hours ago, Todem said:

Good luck with that. Hence why it will most likely fail ultimately. 

Nothing new at all. Just far more advertised because of the internet.

 

Folks......there are far more powerful forces at play here. If you think Reddit users are moving the market.....think again. This is a billionaires playground. What you are seeing is a massive tug of war between massive multi billionaire players....with retail investors hanging on for a ride. It is why if you want to jump into the fray do so with money you are willing to lose a 100% of. It is that dangerous. This is not investing. This is pure casino gambling. This is making horn bets at the crap table. And it is really exciting. And if you hit on a 12 or a 2 in the horn....you are hooked. And you don’t know when to stop until you run out of chips.

 In the meantime I will get back to suggesting stocks you can invest in and sleep at night. 

 

I just free'd up some money, what do you like at todays prices?  Thank you as always!

[cosjobs 15,366]

2 hours 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. 

That's too much effort for 6 shares

[Sideshow Bob 869]

People do realize Todem gets compensated to do this professionally, and we're just leeching off him, right? We probably collectively owe him a little something. At least some tendies.

[beef 3,088]

2 minutes ago, Dwayne Hoover said:

11.60

I don't get involved with options but like to follow along with what others are doing.  And so I understand this move correctly...

You paid $11.60, per contract, for the right to sell GME at $50 by 2/19?  Total cost $1160 (11.60*100 shares).  So if GME were around $20 then, you'd exercise and profit $1840 (50-20*100 = $3000 - 1160).  

 

[cosjobs 15,366]

2 hours ago, Joe Mammy said:

I may need to borrow them later as I'm probably gonna short it.

You ealize some Redditors think its going to 4000, right? You got 25K to cover, if they're right?

[beef 3,088]

2 minutes ago, Sideshow Bob said:

People do realize Todem gets compensated to do this professionally, and we're just leeching off him, right? We probably collectively owe him a little something. At least some tendies.

I've offered backrubs but he turns me down. 

[BassNBrew 11,891]

20 minutes ago, Capella said:

I picked up more Amz yesterday while it was getting dragged down. 

Dude...this is the Stonk thread, not the bond thread.

[Sideshow Bob 869]

2 minutes ago, beef said:

I've offered backrubs but he turns me down. 

There are a few names I like right now. 

Just sayin'.

[cosjobs 15,366]

2 hours ago, beef said:

I have some NOK too, but there is a lot less short % here than other stocks.  59 mil short shares vs 5.6 billion shares outstanding.  Seems like there is plenty out there to cover with.  

NOK Short data (assuming this data is accurate)

but its only 1% of the float. SPCE is 67%

[cosjobs 15,366]

2 hours ago, McBokonon said:

I bought shares of $XL in my girlfriend’s SEP as our Biden/EV play a little while back. Been just sort of languishing but that’s fine since this isn’t a trade. I like the fact that they electrify existing vehicles rather than build new ones - niche, and I think fleets will do that more often than just get a whole new fleet, especially at first.

BTIG gave them a $30 price target a week or so ago and Canaccord did the same this morning. But to go with the theme of the day, it also has 73% short interest. I’m seeing this as a long term hold and not a quick flip but the latter might be possible.

Cramer loves them Or he did a couple weeks ago.

[cosjobs 15,366]

2 hours ago, [icon] said:

AMC dumping even MORE stock today. 

https://www.thestreet.com/.amp/investing/amc-entertainment-cash-raise-reddit-rally-012921

to fund keeping all their theaters operational. I'm cool with that. 

[soothsayer 272]

Does anyone have a Binance referral code they'd like to share? PM pls. TIA.

[cheese 1,048]

7 minutes ago, cosjobs said:

You ealize some Redditors think its going to 4000, right? You got 25K to cover, if they're right?

Not only that but if people are right that the banks got off the hook with yesterday’s tactics and we are now against a bunch of individuals shorting.... do you think they will employ similar tactics to protect YOU shorting GME, AMC, etc that they did to protect hedge funds?

Seems like betting against the internet when the big guys no longer have skin in the game to me, but I could be off base. 

[beef 3,088]

6 minutes ago, cosjobs said:

Cramer loves them Or he did a couple weeks ago.

I bought a little XL today.  Like your thinking on SPCE too and tailing some of that action.    

[NajehHejan 431]

I wish I saw this two hours ago (darn work) but I loaded up more on SFIO at .06 - from my internet buddy:

To all the brave souls that got in SFIO, it's finally happening and we will get rich. Late night email said caveat emptor is dropped in a few days, and OTC MARKETS just updated all their Agrokings filings. This #### is really happening. If you have td or swab today is laat day in history that you can buy a caveat emptor stock, so imo "load up" before caveat drops on probably Monday, as it will gap up huge. Also i will be buying much more if etrade allows on day it drops, and others i know. Anyways important heads up! Also don't rob peter to pay paul. Stack both cbbt and sfio together as a super team as both will see a dollar.

[Worm 2,173]

2 hours ago, McBokonon said:

I bought shares of $XL in my girlfriend’s SEP as our Biden/EV play a little while back. Been just sort of languishing but that’s fine since this isn’t a trade. I like the fact that they electrify existing vehicles rather than build new ones - niche, and I think fleets will do that more often than just get a whole new fleet, especially at first.

BTIG gave them a $30 price target a week or so ago and Canaccord did the same this morning. But to go with the theme of the day, it also has 73% short interest. I’m seeing this as a long term hold and not a quick flip but the latter might be possible.

Someone smart tell me what effect this exercising of warrants will have on the price over the next month:

https://investors.xlfleet.com/news/news-details/2021/XL-Fleet-Corp.-Announces-Redemption-of-Public-Warrants/default.aspx

 

[pecorino 2,220]

58 minutes ago, Dwayne Hoover said:

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.

What did those cost you? At least three grand each, I assume.

[beef 3,088]

3 minutes ago, Worm said:

Someone smart tell me what effect this exercising of warrants will have on the price over the next month:

https://investors.xlfleet.com/news/news-details/2021/XL-Fleet-Corp.-Announces-Redemption-of-Public-Warrants/default.aspx

 

Shouldn't have an effect since these warrants were already known about and priced in.  Maybe similar to what RIDE just did and redeeming their warrants, yet price held/goes up.  

[Al Czervik 352]

8 minutes ago, NajehHejan said:

I wish I saw this two hours ago (darn work) but I loaded up more on SFIO at .06 - from my internet buddy:

To all the brave souls that got in SFIO, it's finally happening and we will get rich. Late night email said caveat emptor is dropped in a few days, and OTC MARKETS just updated all their Agrokings filings. This #### is really happening. If you have td or swab today is laat day in history that you can buy a caveat emptor stock, so imo "load up" before caveat drops on probably Monday, as it will gap up huge. Also i will be buying much more if etrade allows on day it drops, and others i know. Anyways important heads up! Also don't rob peter to pay paul. Stack both cbbt and sfio together as a super team as both will see a dollar.

IN @ .061

[Chaz McNulty 1,165]

2 minutes ago, Al Czervik said:

IN @ .061

In @ .0615

But I really don't know what I bought into.  Just a flier.

Edited January 29 by Chaz McNulty

[David Dodds 2,763]

The big guys just let AMC run these last ten minutes and they can't get the volume. Price explosion is coming to you. They are running out of time to manipulate. I expect they will open up soon to catch lunch hour and reassess.

[Todem 5,348]

35 minutes ago, KGB said:

I just free'd up some money, what do you like at todays prices?  Thank you as always!

I am not crazy about a lot. But these names to me are really good buys now:

 

MDU

AMT

EBS

And DIS I feel will be a $300 stock over the next 18-24 months.

BLDP is a long term bet (Think 5 year hold and a potential 10 bagger). But swim with caution. It will be volatile.

Edited January 29 by Todem

[Chaz McNulty 1,165]

1 minute ago, David Dodds said:

The big guys just let AMC run these last ten minutes and they can't get the volume. Price explosion is coming to you. They are running out of time to manipulate. I expect they will open up soon to catch lunch hour and reassess.

???

Do I sell or buy?

[2Squirrels1Nut 2,588]

1 hour ago, KGB said:

Dumping my AMC up 63%

May buy back in after the crash

 

1 hour ago, urbanhack said:

executed at $14.25

Out as well at $13.75 for another $1500 gain

[FreeBaGeL 9,549]

AAPL now back down below were they were before reporting huge blowout earnings.

[FreeBaGeL 9,549]

Just now, Chaz McNulty said:

???

Do I sell or buy?

:cramerbuy:

Disclaimer: Not stock advice I am an idiot

[Nigel 3,613]

Ugh, need to take $SI off my watch list after unloading @ $66 last week, hope some of you are still in it.

[Todem 5,348]

1 minute ago, FreeBaGeL said:

AAPL now back down below were they were before reporting huge blowout earnings.

You simply can’t go wrong with AAPL and it was a blowout quarter. 

Funny. LOL.

[Capella 31,966]

2 minutes ago, FreeBaGeL said:

AAPL now back down below were they were before reporting huge blowout earnings.

Stupidest crap ever 

[David Dodds 2,763]

3 minutes ago, Chaz McNulty said:

???

Do I sell or buy?

I am in at $8.44 so I am holding/selling today. But I expect the stock to get to the 15s at least.

[FreeBaGeL 9,549]

Jesus a Feb 5th $500 call for GME costs $10,000.

[Sideshow Bob 869]

3 minutes ago, Todem said:

I am not crazy about a lot. But these names to me are really good buys now:

 

MDU

AMT

And DIS I feel will be a $300 stock over the next 18-24 months.

Is it just their earnings misses driving the downward pressure the last 6 months? They recovered so quickly after the March slaughter, and then they've just been bleeding since.

[FreeBaGeL 9,549]

I hate ruining my sexy looking average in AAPL by averaging up but I think I'm going to have to at this point.

[Leeroy Jenkins 3,135]

1 minute ago, FreeBaGeL said:

Jesus a Feb 5th $500 call for GME costs $10,000.

OK, so what does that mean?

[Capella 31,966]

33 minutes ago, BassNBrew said:

Dude...this is the Stonk thread, not the bond thread.

4k EOY and you knooooooow this. 

[2Squirrels1Nut 2,588]

3 minutes ago, FreeBaGeL said:

Jesus a Feb 5th $500 call for GME costs $10,000.

I looked last week and an April put was $6000

Edited January 29 by 2Squirrels1Nut

[Todem 5,348]

1 minute ago, Sideshow Bob said:

Is it just their earnings misses driving the downward pressure the last 6 months? They recovered so quickly after the March slaughter, and then they've just been bleeding since.

The are by far the best positioned tower REIT in the world. With 5G coming.....this stock will eventually run like a mother.

Also add NFLX to the list. $700 in 12 months is very much on the table. They are a content dominator in the stream economy.

[Dwayne Hoover 545]

34 minutes ago, beef said:

I don't get involved with options but like to follow along with what others are doing.  And so I understand this move correctly...

You paid $11.60, per contract, for the right to sell GME at $50 by 2/19?  Total cost $1160 (11.60*100 shares).  So if GME were around $20 then, you'd exercise and profit $1840 (50-20*100 = $3000 - 1160).  

 

Yes and I have no intention of riding this all the way down to $20.  I'll be out on some big moves down which I think are going to happen in the coming weeks.

[Todem 5,348]

4 minutes ago, Leeroy Jenkins said:

OK, so what does that mean?

That means the market is extremely bullish GME will exceed $500 a share in price. So if you think the stock will run to say a $1000 a share you have to pay 10K for the right to own it at $500 a share.

With options trading you do not want to exercise. You simply want to either buy and sell the position to close out the option on the market. 

That 10K cost can be worth 2-3 times that if the stock went to 1K a share. Thats what you are betting on. So you buy the call. Then if the price runs to 1K a share you’ll sell that call to close out the position for a juicy profit. But if the stock goes the other way....the intrinsic value will decay....and you will have to decide to sell it for a loss to close it out before it expires to salvage some of your 10K risk before expiration. 

The key is you risk can never be more than the 10K you paid for the option. And you never owned the stock. 

Edited January 29 by Todem