:tapsfoot:I got some Mr. Bubble on tap for tonight. Taking a warm bath and getting a nice sleep. I will wake up around 4am PT to see what is happening in the Euro-market and what BS we are up against (halting buy orders, etc).
I will set my exit strategy up in the morning. I have a chance to make life-changing money, but don't think I have the guts to go diamond hands with all my shares.
But as crazy as all this is, this could be just the START of the squeeze. It feels like Hedge Funds against Hedge funds and people like me are just tagging along.
I can't say that I understand all of that. I put in a premarket buy at 143. Small amount.Right now, GME is trading at 160 in the premarket.
at 150 - 77,782 call contracts (100 shares each) finish in the money. That's potentially 7.78 million shares needed to cover a few days after Friday.
FINRA has the short interest at 60%, but there are a few people on Reddit showing the games that are playing that would imply this thing might be leveraged at 3-4X the float.
The options call ladder is set up to blast this stock if it gets some momentum.
a ridiculous 10,159 contracts would hit at $800. This is the game the shorts were playing to hold the stock down. But at a certain momentum the fuel from the other contracts (and diamond hands) could actually cause the people shorting to also want it to go up.
It sounds insane to most, but I think I am mostly just going to watch a lot of this day play out.
My mom did not raise me to fold at the first opportunity. I believe the gamma squeeze is very much in play (if the SEC, Congress, etc don't halt trading).
Any worries about robinhood or another service shutting it down again?AMC is in a similar position, but there are so many shares outstanding that the trouble spot for this stock will be after Friday if the stock finishes above $10.00 (due to call options). This should propel the stock to get past $15 as well for refueling, but I think new shorts could hold this down below $20 (at current share volume and option contracts as they sit).
I think all options are on the table here. I am also going to wait this one out too for a big part of this day.
less than last time. I think the stock may get halted from time to time, but I don't think they will restrict buys like they did last time.Any worries about robinhood or another service shutting it down again?
Why?The guys shorting could very well be the people also wanting these stocks to go crazy in the end
Look at the bottom of the call ladder:Why?
Good luck to you. Change your life and dont look back.I got some Mr. Bubble on tap for tonight. Taking a warm bath and getting a nice sleep. I will wake up around 4am PT to see what is happening in the Euro-market and what BS we are up against (halting buy orders, etc).What's your exit plan for GME or are you diamond holding to see what Cohen does?
I will set my exit strategy up in the morning. I have a chance to make life-changing money, but don't think I have the guts to go diamond hands with all my shares.
But as crazy as all this is, this could be just the START of the squeeze. It feels like Hedge Funds against Hedge funds and people like me are just tagging along.
Screw it - in for a little bit at 10.43 - let's see what happens!@David DoddsDo you think 10.38 is a good premarket price to get into AMC or wait until regular hours and see what happens?
SPAC is fun to say - it brings those good Star Trek vibes. Has your analysis factored that in?randall146 said:Can someone explain to me why my fundamental concern about SPACs is incorrect? I admit I am a total newb but here goes: SPAC gets listed for $10. You get in somewhat early for $10.50. Rumors start flying that SPAC is going to acquire XYZ. XYZ looks like a good company and is in a hot sector so SPAC rises to $15. Then for a while rumors continue and people debate the merits of XYZ and SPAC numbers go up or down. Then at some point a deal becomes more likely and again the price rises or falls based on what the market thinks of XYZ.
But what never seems to be discussed until it's an afterthought is how much of XYZ SPAC is acquiring, and at what price. It's like evaluating someone's portfolio knowing only the company names, not the amounts owned or purchase price.
So it seems like all you get with a SPAC is the possibility of acquiring some percentage of some company, or you get $10 back.
I don't like losing other people's money so I am not going to advise what people should be doing. I have made my money in this stock mostly below $8.00. I never buy at the open. You can watch volume in 1 minute intervals on Yahoo finance charts. Buy at a wave of red volume that pushes the stock down.@David DoddsDo you think 10.38 is a good premarket price to get into AMC or wait until regular hours and see what happens?
Unless you're Robert Downey Jr in Less Than Zero.Good luck to you. Change your life and dont look back.
Also - never apologize for making money
Good luck, but I will say I completely disagree with the company’s real worth. What’s happening and what happened has no correlation with the real worth of the company. The action is all the options and other stuff you are talking about. That’s just gaming the stock in the same way shorts attack stocks. It’s absolutely possible that Cohen turns around the mess, but the stock reflects the fact that there’s a huge risk in that and that their revenues are still declining and they are becoming less relevant every day.This game is going to be played hard in the options today. By mid-day, I think we will have a lot better understanding that the squeeze is alive. If I did not already have a giant position in this, I actually would buy a few shares below $160.
As stated a on Tuesday, I think this stock (led by Cohen) should be worth closer to 12-14B market cap. So that was a 4X multiple of the $45 price before the craziness. So even after all of this madness, I think the stock might find a resting place at 120-130 anyway (and rise to $180 within the year).
Topic maybe for a different thread, but I disagree.Good luck, but I will say I completely disagree with the company’s real worth. What’s happening and what happened has no correlation with the real worth of the company. The action is all the options and other stuff you are talking about. That’s just gaming the stock in the same way shorts attack stocks. It’s absolutely possible that Cohen turns around the mess, but the stock reflects the fact that there’s a huge risk in that and that their revenues are still declining and they are becoming less relevant every day.This game is going to be played hard in the options today. By mid-day, I think we will have a lot better understanding that the squeeze is alive. If I did not already have a giant position in this, I actually would buy a few shares below $160.
As stated a on Tuesday, I think this stock (led by Cohen) should be worth closer to 12-14B market cap. So that was a 4X multiple of the $45 price before the craziness. So even after all of this madness, I think the stock might find a resting place at 120-130 anyway (and rise to $180 within the year).
I got into ARKQ at the end of last week and I'm just going to bail today and eat the loss :(Looks like the ARK funds are going to take another huge dump today. Story of my life - always late to the party. Always the bridesmaid, never the bride.
Yeah watching these torpedo every day is sad even though they are supposed to be long term investments.Looks like the ARK funds are going to take another huge dump today. Story of my life - always late to the party. Always the bridesmaid, never the bride.
I nearly got in on ARKK and ARKG on Monday. Glad I held off. Even with yesterday's rise, I'm real leery of going in too big right now. Outside of some picking, I'm staying mostly in cash until there's real strength. At least more than one day here and there.Looks like the ARK funds are going to take another huge dump today. Story of my life - always late to the party. Always the bridesmaid, never the bride.
Pre-pandemic my teenage kids loved going to the mall and hanging out. Of course they don't have a lot of money to actually buy much but they did make some purchases. It was a magical experience for them to actually see products before purchasing them.Topic maybe for a different thread, but I disagree.
While the vast majorty of shopping will be done remotely, there will always be some level of physical shopping. This is why Im huge on WMT, TGT and Best Buy (dont own). People will always want to go into stores to look around. Its a social experience.
I believe at some level we will always want a store like Game Stop. A place to go inside to look and explore and touch. I believe GME is perfectly positioned for this. I believe this whole frenzy couldnt have been better brand management for GME even if Lebron James himself signed on to the board of directors. Now, does this mean the stonk is worth $500? Prolly not, but I believe the company has a great outlook if people can get outside of their tiny box thinking.
I got too much in them to bail. They will recover eventually. It just sucks.I got into ARKQ at the end of last week and I'm just going to bail today and eat the loss :(
Before going home and purchasing them online cheaper somewhere else usually.Pre-pandemic my teenage kids loved going to the mall and hanging out. Of course they don't have a lot of money to actually buy much but they did make some purchases. It was a magical experience for them to actually see products before purchasing them.
Yesterday someone mentioned to me that the roaring twenties was the roaring twenties because of the pandemic. Lots of people died, everyone couped up, all folks needing an escape. Im wondering if the we are going to have another set of raring twenties with people overdoing the social components of humanity once CV is over. If so, I think we can see a tremendous amount of support in these types of industries.Pre-pandemic my teenage kids loved going to the mall and hanging out. Of course they don't have a lot of money to actually buy much but they did make some purchases. It was a magical experience for them to actually see products before purchasing them.16 minutes ago, JAA said:
Topic maybe for a different thread, but I disagree.
While the vast majorty of shopping will be done remotely, there will always be some level of physical shopping. This is why Im huge on WMT, TGT and Best Buy (dont own). People will always want to go into stores to look around. Its a social experience.
I believe at some level we will always want a store like Game Stop. A place to go inside to look and explore and touch. I believe GME is perfectly positioned for this. I believe this whole frenzy couldnt have been better brand management for GME even if Lebron James himself signed on to the board of directors. Now, does this mean the stonk is worth $500? Prolly not, but I believe the company has a great outlook if people can get outside of their tiny box thinking.
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I believe people are learning to support local. It will take more time, but $5 here or there isnt that much for people to comprehend.Before going home and purchasing them online cheaper somewhere else usually.Pre-pandemic my teenage kids loved going to the mall and hanging out. Of course they don't have a lot of money to actually buy much but they did make some purchases. It was a magical experience for them to actually see products before purchasing them.
I've heard this comparison and prediction since the announcement of the vaccine. I think it's probable. I'm chewing on my fur here.Yesterday someone mentioned to me that the roaring twenties was the roaring twenties because of the pandemic. Lots of people died, everyone couped up, all folks needing an escape. Im wondering if the we are going to have another set of raring twenties with people overdoing the social components of humanity once CV is over. If so, I think we can see a tremendous amount of support in these types of industries.
Put in a $100 sell limit for INND. What happens?Can you unpack that for me?
Kids love malls because they don't have houses and can't go to bars. But malls are dying/have died because kids don't have money and adults don't go.Pre-pandemic my teenage kids loved going to the mall and hanging out. Of course they don't have a lot of money to actually buy much but they did make some purchases. It was a magical experience for them to actually see products before purchasing them.
No, but again, they don't have a lot of money to spend. Their mean ol' dad has invested most of their money for them in stocks.Before going home and purchasing them online cheaper somewhere else usually.
OK - still not making sense to me, but if you say thats the way it isPut in a $100 sell limit for INND. What happens?
Put in a $500 sell limit for another $100-something stock.
These vary by broker, but they should be fairly consistent from stock to stock. Everything is not a conspiracy.
My retail experience is limited to CostCo, Safeway, Home Depot or Ace Hardware, Sports Basement (REI-like but better) and an occasional splurge at an outlet mall. Otherwise, it's all online. I buy a ton on Amazon, I watch YouTube reviews fo figure out product interests, I rely heavily on ability to return items for free, free shipping, etc.Before going home and purchasing them online cheaper somewhere else usually.
Again, the numbers show a struggling falling revenue picture. Stores are pretty much all open at this point. My boys used to love going in GameStop but now they can watch people play games online. One of the top reasons I went in there was to trade in stuff or buy used games. There are less and less used games now. It’s funny that you think the social experience is a key when GME’s earnings highlighted the online shopping angle and it’s growth (mainly due to having a small starting base) and Cohen’s experience is all online.Topic maybe for a different thread, but I disagree.
While the vast majorty of shopping will be done remotely, there will always be some level of physical shopping. This is why Im huge on WMT, TGT and Best Buy (dont own). People will always want to go into stores to look around. Its a social experience.
I believe at some level we will always want a store like Game Stop. A place to go inside to look and explore and touch. I believe GME is perfectly positioned for this. I believe this whole frenzy couldnt have been better brand management for GME even if Lebron James himself signed on to the board of directors. Now, does this mean the stonk is worth $500? Prolly not, but I believe the company has a great outlook if people can get outside of their tiny box thinking.
It's not set to a generic, "You can't trade something at X times its value." For shares under $X - whatever threshold they set - there is one limit. For shares under $Y, there is a different limit. Usually dollar-based. They aren't standard across brokerages. When we were at the height of CYDY, some people could set $100 sell limits even though it was a sub-$5 stock. I'm at Fidelity and could not. It's not because Fidelity hates CYDY. It's programmatic.OK - still not making sense to me, but if you say thats the way it is
Absolute BSand already halted to screw the retail investor.
I am waiting this stuff out.