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Stock Thread (13 Viewers)

Whoever said yesterday - I still have the same amount of shares - I lost nothing because I haven't sold - really helped me out - thank you very much. My head has been in a bad place and I really needed that - thank you!

DIAMOND HANDS ON AMC - TO DA MOON LOLZ

 
Went shopping premarket and at the open...added the following positions

TWTR - bullish long, may be choppy short

MAR - reopening swing trade

IPOE - bullish long

IPOE Call Options - bullish short 

CZR - reopening swing trade

SRNGU - (added yesterday)

BTC -  looked like a good re-entry 

 
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The battle at GME is setting up at 150.

If it closes above 150 then 5.8M shares need to be purchased to cover the calls. There is not that kind of stock available. We need the shorts all bailing together trying to get available shares. 

Blow past 150 and this war is alive and well.

 
So what post-pandemic stocks should we be looking at?  Where are the plays in the travel, food service, live-venue, and in-person shopping sectors?  People are going to go wild starting this spring/summer.

 
Leeroy Jenkins said:
So what post-pandemic stocks should we be looking at?  Where are the plays in the travel, food service, live-venue, and in-person shopping sectors?  People are going to go wild starting this spring/summer.
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Im not sure I will play in the space as I am not sure about timing, but I have to believe Casino's, Cruise lines, and hotels are the best options.  Maybe even ski resorts are a shark move timing wise.

 
NajehHejan said:
Why is the reddit crowd really paper hands with AMC? If you don't sell, price goes up. Do they not understand diamond hands?
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AMC has so many shares that these short attacks can work. You can buy and sell all day on AMC. I have done about 7 orbits already this year and am close to exiting for good (sometime today).

A bunch of calls come in today so this play will be there next week as well. 

In the end though, it's a movie chain which will be fully replaced with streaming in the near future.

 
Nigel said:
Ok, maybe there's some hope for the day? Pre-market seems to have taken a turn for the better. Not being greedy, I'll take a flat day to end this ####-show of a week/month. 
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Up about 30-40% of yesterday's flogging. I'm honestly thinking it may be a little bit of a dead cat bounce. I was going to buy into a few things, but I already own some of them. I just don't really feel like this week was "it" in terms of a correction. I am not thinking huge like last March, but I just don't feel like it's over. We had some good earnings come in for (me) DKNG, BAND, ZS (love that stock) and ETSY.

Welp, got pinged on Teams and damn it if I'm way back closer to flat than up 2%. I guess it was a bit of a dead cat bounce. Weird because the stocks I own have for the most part been killing it with earnings and it's the same today, but no sympathy.

 
It's interesting that ARKK seems to be a leading indicator of the NASDAQ direction, at least as I've followed it this week. 

 
Wild Young Billy said:
Swaymoney posted this Wednesday - https://investorplace.com/hypergrowthinvesting/2021/02/lucid-motors-cciv-stock-merger-confirmed-buy-cciv-10x-gains/

Dave Portnoy pimped it on Twitter today. To the moon!  :banned:
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A word of caution IMHO. This is from the article:

 Merger execution risks surrounding CCIV stock have been eliminated. We now know that the value of CCIV stock is backed by the fundamental earnings power of Lucid Motors.

Operationally, Lucid Motors is where Tesla was 10 years ago — and has all the right ingredients and necessary firepower to turn into a major force in the global EV market soon.

Given the company’s long-term earnings growth potential, Lucid Motors is worth about $100 billion today. That implies a fair price for CCIV stock of over $60. Long-term, shares could soar to $400 — representing 10X upside potential from the CCIV stock price today.

If they are like Tesla 10 years ago, they aren't worth anywhere close to $100B. The merger was around $15B. Saying the company is worth $100B is basically the same as what the Nikola guy. How's that going? Also, let's put some real world numbers into play here. Tesla was not worth $100B until a little over 1 year ago, so Lucid with an 800lb gorilla competitor and a dozen more new competitors is worth Tesla of late 2019/early 2020 even though they are Tesla of 2011? That's some pretty creative accounting.

Also, they haven't even started producing cars and there's a delay: https://electrek.co/2021/02/25/lucid-motors-pushes-back-first-air-deliveries-to-second-half-of-2021/

They are well behind many big competitors in Tesla, VW/Audi, BMW, GM and Toyota. Heck, what if Nio and others already manufacturing cars outside the US decide to compete in other markets.

If you believe they can win later, that's cool, buy and hold, but this article is well borderline misleading IMHO, way past hopeful.

 
JAA said:
Are people worried GME squeeze will brake the hamster wheel?  
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People got mad at me for loving hedge funds when I sort of said the huge run up caused the last (much smaller) dip when GME went above $400. It may not be coincidence that people saw was Dodds was predicting or read on WSB. May have been some pre-emptive selling that happened to start this. It wouldn't take much because we've been hearing there would be a pull back in Q1 since the start of the year. Not sure if it's coincidence or not.

 
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Reactions: JAA
David Dodds said:
JAA said:
Are people worried GME squeeze will brake the hamster wheel?  
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someone will step in, halt trading and settle at a price determined to be "fair" that screws retail. 
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Privatizing profits and then socializing losses.

GME has a real opportunity here to write some big time lore.  They can play this out to maximize profits or can play it out to be the bastion of ethics and morality in an area of corporate greed.

 
stbugs said:
People got mad at me for loving hedge funds when I sort of said the huge run up caused the last (much smaller) dip when GME went above $400. It may not be coincidence that people saw was Dodds was predicting or read on WSB. May have been some pre-emptive selling that happened to start this. It wouldn't take much because we've been hearing there would be a pull back in Q1 since the start of the year. Not sure if it's coincidence or not.
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I think there was causation last time. Most of this (so far) is completely unrelated imo. Interest rates rising = risk off makes sense. If institutions start taking losses significant enough to trigger margin calls again, then I think you're back to this driving down the prices of other equities, as forced selling of other positions kicks in.

 
JAA said:
Privatizing profits and then socializing losses.

GME has a real opportunity here to write some big time lore.  They can play this out to maximize profits or can play it out to be the bastion of ethics and morality in an area of corporate greed.
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Gee I can’t imagine which one is going to happen 

 
NajehHejan said:
I couldn't take it anymore. My paper hands folded and sold AMC at 7.90. I used that money to buy more SFIO at .115
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Im with you, sold a little earlier today.  Took my medium position and put it into GME.

 
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Been watching Beyond Meat (BYND) lately to see if it gets  back around $125ish, announced new fast food partnerships before the bell and spiked but sold off with the rest of the market to about even now. So still on my watchlist but not ready to take a bite quite yet.

 
Desert_Power said:
Interesting move given our whole discussion a couple days ago about whether or not we are in a tech bubble.  Tesla is already priced like its going to eat the entire industry and has a CEO that openly tries to manipulate the value of its stock/investments on Twitter. If there is a tech bubble to pop, this might be the poster child.
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Oh for sure if this week's action is the beginning of the bubble popping then TSLA is screwed.  But as I mentioned several times in those posts I think this week's action is merely a correction, not the bubble pop.  Again, 10-20% is a correction/pullback, not a bubble burst.

If it's the bubble popping then I am in for major pain either way because I have a lot of tech in my portfolio.

 
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hooter311 said:
Win or lose, I'm just happy to be here for it.

That 15% chance of a "gamma squeeze" is worth the price of admission alone...
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Honestly I think people throw around the term "gamma squeeze" way too loosely now.

The first gamma squeeze on the first run-up happened because everyone was caught offguard to the extent that literally EVERY SINGLE call option for GME was MASSIVELY in the money.  Like I believe that week the highest call option written was $60 and GME closed Friday at over $120.

This is nothing like that.  This reminds more of an even lesser version of about two weeks ago when everyone was sure $320 was a massive gamma squeeze.  Everyone yelled about how $320 had to be defended, how the stock was going back and forth above and below it all day.  It eventually closed at $328 and....nothing.

Right now calls have been written all the way up to $800.  Open interest on calls $120 and below represents barely 35% of all open interest on GME calls, which means at $120 65% of GME calls will expire worthless.  That is extremely different than the gamma squeeze that kicked all of this off when 0% of GME calls expired worthless, and all of the 100% that had to be filled were 100%+ out of the money.  Even a few weeks ago with that $320 gamma theory 70%+ of all open calls were ITM and it didn't budge the share price at all.

Just my $.02.  GME could still moon for a variety of reasons, but I see nothing even resembling even a small gamma squeeze here, personally.

 
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