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St. Louis Bob

By St. Louis Bob,
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Todem

Trying to time bottoms is very hard. If you believe in the company long term I feel this price is a very strong entry point long term. Set it and forget for a while. When it doubles....take your

David Dodds

I will make a wager. If this stock hits $420.69 before this earnings call on March 31st, I will pass out 100 FBG subscriptions to the gents in the stock thread.

Studs & Duds

sponks

cosjobs

cosjobs 15,364

Posted
Posted
Just now, Pigskin Fanatic said:

any thoughts on where this goes from here, sell and look for it to go sub-8 again, or watch it and hope it goes north of 10-11?

I sold 1000 out of 7000, holding the rest

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Bonfire

Bonfire 154

Posted
Posted
9 minutes ago, JAA said:

Lot of resistance at 150 for GME.  What is it going to take to push it past?  I dont think retail is selling, not at $150.  Must be on the options side?

Tinfoil hat:

Seems like the mob of retail is too varied to have such tight selling to keep it right around $150 ish, assuming they sell at all.

This seems like Hedges and Big Boys somehow capping/pulling it to this level through whatever method I don't understand.

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David Dodds

David Dodds 2,753

Posted
Posted (edited)
14 minutes ago, JAA said:

Lot of resistance at 150 for GME.  What is it going to take to push it past?  I dont think retail is selling, not at $150.  Must be on the options side?

games they play. They want you to be happy to take 150. Over 150, lots of calls come in making this an even harder buy so the shorts have to try and have a stand here or rocketship is launched. I saw enough today to tell me they can't hold this back without some help. Let's hope SEC/Congess don't screw us.

These games are played every options payday. We are just getting it a day early on GME.

Edited by David Dodds
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hooter311

hooter311 2,955

Posted
Posted
46 minutes ago, General Malaise said:

West coast guys eat lunch between 9am and 10am.  In 20+ years working for 3 different hedge funds, I can probably count on both hands the number of times these lunches were eaten somewhere other than our desks.  Money never eats, pal.

It's true, I've seen how many crackers he can put on his mouth.

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kevzilla

kevzilla 8,046

Posted
Posted
6 minutes ago, Pigskin Fanatic said:

any thoughts on where this goes from here, sell and look for it to go sub-8 again, or watch it and hope it goes north of 10-11?

This is quite a daily move. I'm probably out by EOD one way or another, but my cost basis is $9.56 and it's almost 30% of the account now. That isn't sustainable.

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Bob Sacamano

Bob Sacamano 10,059

Posted
Posted

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

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2Squirrels1Nut

2Squirrels1Nut 2,512

Posted
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7 minutes ago, David Dodds said:

games they play. They want you to be happy to take 150. Over 150, lots of calls come in making this an even harder buy so the shorts have to try and have a stand here or rocketship is launched. I saw enough today to tell me they can't hold this back without some help. Let's hope SEC/Congess don't screw us.

These games are played every options payday. We are just getting it a day early on GME.

This is my biggest fear and why I took some off the table 

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Angry Beavers

Angry Beavers 2,064

Posted
Posted
3 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

3.5

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CR69

CR69 1,518

Posted
Posted
34 minutes ago, cosjobs said:

They are on different clocks. GTBC is only market hours, not even Pre or afterhours.

BTC itself is for sale 24/7

It's still trading at a discount when it normally trades at a premium. Each share of GBTC is 1/1030th of a bitcoin. Should be closer to $47.70 right now and that's just the equal price point. 

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General Malaise

General Malaise 27,589

Posted
Posted
8 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

Over/Under on number of drinks you consume before you actually step foot in a physical bank? 

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cosjobs

cosjobs 15,364

Posted
Posted
10 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

7

but it won;t get done even then

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kevzilla

kevzilla 8,046

Posted
Posted

Looks like I may have sold myself a little short on UVXY today, but that's OK. The first two tranches were bought so poorly, it was fortunate I was able to get out 5% up. Will finish today up >2%, so no complaints. But I need to leave that evil witch alone.

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ChiefD

ChiefD 19,815

Posted
Posted
11 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

Take one to a restaurant and try and buy dinner with it. 

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John Kreese

John Kreese 75

Posted
Posted
35 minutes ago, cosjobs said:

They are on different clocks. GTBC is only market hours, not even Pre or afterhours.

BTC itself is for sale 24/7

3 minutes ago, CR69 said:

It's still trading at a discount when it normally trades at a premium. Each share of GBTC is 1/1030th of a bitcoin. Should be closer to $47.70 right now and that's just the equal price point. 

I was referring to the price of bitcoin at market close yesterday vs today. Maybe i'm missing something or it is just the discount/premium changing.

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drunken slob

drunken slob 621

Posted
Posted
21 minutes ago, David Dodds said:

This is why we HODL. I love how these guys just can't stand that this stock is winning.

https://www.reddit.com/r/wallstreetbets/comments/ls8m0k/cramer_confusion_on_gme/

"this dollar store Louis CK looking ***** @@@ thinks YOURE a loser"

:lmao::lmao::lmao:

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hooter311

hooter311 2,955

Posted
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23 minutes ago, David Dodds said:

games they play. They want you to be happy to take 150. Over 150, lots of calls come in making this an even harder buy so the shorts have to try and have a stand here or rocketship is launched. I saw enough today to tell me they can't hold this back without some help. Let's hope SEC/Congess don't screw us.

These games are played every options payday. We are just getting it a day early on GME.

Are you holding over night?

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beef

beef 3,006

Posted
Posted
31 minutes ago, kevzilla said:

I have plenty of work to do but I feel like I need to babysit UVXY this afternoon :oldunsure:

That's another reason why I got out.  I do want to be online tomorrow either.  

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David Dodds

David Dodds 2,753

Posted
Posted
Just now, David Dodds said:

diamond hands

believe in what you saw today.

was trading for $160 on Euro market

was trading $184 afterhours yesterday

was trading at $170 in premarket

flew past $150 to $180

halted three times early

the whole market is a sea of red and it's still at 140+

 

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Yo Mama

Yo Mama 4,902

Posted
Posted
25 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

You’re like Chevy Chase in Caddyshack with checks just lying around all over the house. I’m in awe. 

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drunken slob

drunken slob 621

Posted
Posted

Not gonna bash Cramer but I will say he's out of touch.

One morning last month I was home and watching that morning squawk show he's on.

He told a story about needing a charging cord. As it went on, he solidified my belief. First he didn't know you could buy online and pick up. Next he went to Best Buy to pickup said order and saw a line to get in and couldn't understand why. Gets in line does his thing and leaves. Went on a tirade that Best Buy was purposely keeping customers out of the store (said he was in New Jersey). 

He's right, BB is keeping customers out. I'm sure there are occupancy limits as ordered by the government due to the pandemic. I know here in WV the governor mandated limits back in April and they haven't been eased to date. Lots of out of touch in one little story about a charging cable.

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stbugs

stbugs 3,417

Posted
Posted

Getting my ### kicked about the same as Monday, correct that, worse. Not as bad as early Tuesday, but not a lot of time to recover. Feel like I should dip my toes into a couple stocks, but not sure it's over. May just stick with what I got and see how the week ends.

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dino259

dino259 619

Posted
Posted
37 minutes ago, Bob Sacamano said:

Just found a bunch of Travelers checks that are probably 15 years old. Over/Under on how many tellers at the local bank branch have to get involved before someone knows what they are/what to do with them?

probably a bunch and then they will give you a number to call.  Then you probably have to go to your state's unclaimed property website.

 

As an fyi, everyone should check their unclaimed property website.  Any bonus there would be good for STONKS.

 

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Bossman

Bossman 1,883

Posted
Posted (edited)
4 minutes ago, Capella said:

Today is definitely going to wash some people out of the market imo 

Stonks are down ... but I look at it as I still have the same shares as I did when the day started.

You only lose if you sell!

Edited by Bossman
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Capella

Capella 31,630

Posted
Posted
Just now, Bossman said:

Stonks are down ... but I look at it as I still have the same shares as I did when the day started.

You only lose is you sell!

Don’t have to tell me but half the market is scared money. 

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