The Man With No Name
Footballguy
Just noticed SKLZ up over 7% after hours
Not at that rate. No chance.so you don't think the tax goes through?
2. Who Is Entitled to Vote?
Holders of record of shares of common stock as of the close of business on April 15, 2021 are entitled to notice of and to vote at the annual meeting. Shares of common stock can be voted only if the stockholder is present or is represented by proxy at the annual meeting. As of the record date, 70,771,778 shares of common stock were issued, outstanding and entitled to vote.
Flip to page 26/27.
Napkin Math: 70,771,778 total shares
Top 6 institutions (removed RC)- 45.8%
Insiders- 16.5%
= 62.3% of shares or ~44.1M
70.8M total - 44.1M= 26.7M Shares Available (float estimate)
This is wayyy lower than the 40M-50M float assumption commonly used. Yes, top institutions can always sell some but...
Apes Own the Float (and prob a lot more)
Add in all the other institutions and the claim they own >120% of the shares.. LOL
HODL
Wow they really keep stringing people along to get them to diamond hand.
Nope, don’t even plan to short a stock. I’m way too dumb to know how to do that properly without losing my shirt. I lived through LK basically losing almost all value in one shot because I own a lot of different stocks. I couldn’t imagine have potential losses bigger than the investment.Anyone in here ever short a stock?
Just seems too easy to short GME and ride it down. (sorry DD)
It’s a proxy vote. Even though I’m pretty sure I checked every paperless option at Fidelity, I still get those all the freaking time. There’s nothing special. Typically you vote on board members and other board proposals. I guess there’s still that “recall” shares hopes and dreams and evil hedge fund thoughts running around.Wow they really keep stringing people along to get them to diamond hand.
I haven’t but I have thought about shorting one (1) share of GME just to see how it works.Anyone in here ever short a stock?
Just seems too easy to short GME and ride it down. (sorry DD)
Option contracts are in lots of 100 shares, no?I haven’t but I have thought about shorting one (1) share of GME just to see how it works.
Lol. See above. Don’t pull a TroutNZima and think you only bought one share.I haven’t but I have thought about shorting one (1) share of GME just to see how it works.
Hey there...I made $900 on that trade in minutes. Tossing a pair of pants in the garbage was a small price to pay.Lol. See above. Don’t pull a TroutNZima and think you only bought one share.
ok I will not be doing this never mindHey there...I made $900 on that trade in minutes. Tossing a pair of pants in the garbage was a small price to pay.
This is why we talk things out here first.Option contracts are in lots of 100 shares, no?
Option contracts are in lots of 100 shares, no?
Lol. See above. Don’t pull a TroutNZima and think you only bought one share.
This is true if you’re shorting with options. I think you can borrow less than 100 shares to short assuming you have a margin account. I’ve never done it but I think that’s right.This is why we talk things out here first.
Yea I mean Schwab is giving me the option (I have a margin account) to short at $149.30 but now I’m scared to pull the trigger.This is true if you’re shorting with options. I think you can borrow less than 100 shares to short assuming you have a margin account. I’ve never done it but I think that’s right.
You’ve gambled way more money on far, far dumber things.Yea I mean Schwab is giving me the option (I have a margin account) to short at $149.30 but now I’m scared to pull the trigger.
Lol this weekYou’ve gambled way more money on far, far dumber things.
And not when some of the biggest millionaire (insider) traders are our representatives.Not at that rate. No chance.
Sure, but if it goes to 69,000 you're in trouble.Yea I mean Schwab is giving me the option (I have a margin account) to short at $149.30 but now I’m scared to pull the trigger.
Big Tax Hikes = Dems getting crucified in Midterms.I don't think these huge tax hikes happen either. I just don't see the votes. A lot of people just got some free money. And now these tax scares just put some stocks on sale for even more free money.
I was successful shorting Sears from $10.00 to about $.15 for a 99% gain. I went into it with at least 2X my short bet set aside to cover any short term upswing. GME is more intimidating. What would you do if the stock spiked up to 1,500 and you were down 10x your short bet?Anyone in here ever short a stock?
Just seems too easy to short GME and ride it down. (sorry DD)
Nah cause I still have all my crappy shares lolSure, but if it goes to 69,000 you're in trouble.
Hold on there a second, Richie Rich. Some of us didn't grow up in The Parks with Curtis Mathes TVs, some of us had to make do with Philcos.your Curtis Mathis 1968 black and white TV......
Our Packard Bell was our only lifeline.Hold on there a second, Richie Rich. Some of us didn't grow up in The Parks with Curtis Mathes TVs, some of us had to make do with Philcos.
We tend to do the opposite of what you do.All the degenerate gamblers ... Ah, I mean "traders" in here and I'm the only one shorting stocks?
Shorted a few GME, MARA, and RIOT.
"Bold move Cotton ... let's see if it pays off."
I daytraded for a living for a year while my business was shut down for COVID so I've done a lot of shorting. Very rarely hold shorts overnight though as it is exceptionally risky and can be expensive depending on the cost of the borrows. You generally pay 2-4x the normal borrow rate each night to hold overnight.All the degenerate gamblers ... Ah, I mean "traders" in here and I'm the only one shorting stocks?
Shorted a few GME, MARA, and RIOT.
"Bold move Cotton ... let's see if it pays off."
If you hold shares of GME, shorting would neutralize your position and you will likely have to pay borrowing interest.Nah cause I still have all my crappy shares lol
I've not experienced an overnight borrow charge. My broker determines the borrow rate after the trading day and charges accordingly if you held borrowed shares for any part of that day. Holding overnight just guarantees you will be charged for the next day. They charge on weekends and non-trading days as well.I daytraded for a living for a year while my business was shut down for COVID so I've done a lot of shorting. Very rarely hold shorts overnight though as it is exceptionally risky and can be expensive depending on the cost of the borrows. You generally pay 2-4x the normal borrow rate each night to hold overnight.
I'd want nothing to do with shorting crypto. I actually doubled down on RIOT premarket when it was on clearance for under $35.We tend to do the opposite of what you do.
What makes $35 a clearance?I'd want nothing to do with shorting crypto. I actually doubled down on RIOT premarket when it was on clearance for under $35.
Under $35 put RIOT on the 100 day MA, and well below the 50. That sort of caught my attention. Plus I feel the recent crypto tax talks created an overreaction. Maybe it'll hit the 200 day again, and if it does I'll triple down.What makes $35 a clearance?
I added as well but couldn't quite double. Down from a cost basis in the $50s to $42.I'd want nothing to do with shorting crypto. I actually doubled down on RIOT premarket when it was on clearance for under $35.
Been using the last couple tough market months to try to educate myself on reading charts. From what I can tell, this looked like a good buy as there seems to be support around the low $34's. And it looks like you should be good until the next resistance level around $42.Under $35 put RIOT on the 100 day MA, and well below the 50. That sort of caught my attention. Plus I feel the recent crypto tax talks created an overreaction. Maybe it'll hit the 200 day again, and if it does I'll triple down.
I'm not a RIOT pro, excpet for maybe teh Quiet kind. This is just my opinion and what got me to add to my position...
The MA is a good thing to consider and one that I neglect. I think a lot of technical stock measurements have value because enough of us believe and act accordingly. It's like a self fulfilling prophecy. The max pain for RIOT options is at $42 so I wouldn't be surprised to see it find that level for awhile as people may act around it.Under $35 put RIOT on the 100 day MA, and well below the 50. That sort of caught my attention. Plus I feel the recent crypto tax talks created an overreaction. Maybe it'll hit the 200 day again, and if it does I'll triple down.
I'm not a RIOT pro, excpet for maybe teh Quiet kind. This is just my opinion and what got me to add to my position...
If I did shorts I would have been all over a company like Sears. With the volatility and spikes in crypto and GME, I wouldn’t even try. I’d think more about GME now because I think the interest is waning. It’s went from potential spikes every Thursday and Friday to maybe at the annual meeting on 6/30. That’s over two months away. The average attention span of people on Reddit is a couple days max, hence the need to keep rolling out the hey it’ll happen this Friday.I'd want nothing to do with shorting crypto. I actually doubled down on RIOT premarket when it was on clearance for under $35.
I'm not expert on metals but silver is already up almost 100% in the last year so I'm guessing that probably some if it is priced in already.First off I am not an experienced player of stocks. Question: so we have printed trillions & trillions of money. from what I've read over the years this means inflation big time & debasing of the dollar----------which means gold & silver go up a lot. Haven't seen that yet. how come? what am I missing?
One impediment to precious metals is likely Bitcoin. It’s supposed to play the same role.First off I am not an experienced player of stocks. Question: so we have printed trillions & trillions of money. from what I've read over the years this means inflation big time & debasing of the dollar----------which means gold & silver go up a lot. Haven't seen that yet. how come? what am I missing?
Modern Monetary TheoryFirst off I am not an experienced player of stocks. Question: so we have printed trillions & trillions of money. from what I've read over the years this means inflation big time & debasing of the dollar----------which means gold & silver go up a lot. Haven't seen that yet. how come? what am I missing?
He's an Amazon owner but not a total imbecile.If you hold shares of GME, shorting would neutralize your position and you will likely have to pay borrowing interest.
Do you have a hundred shares? You could sell covered calls to capitalize on the premium and bring your cost basis down. Of course you will miss out on the hypothetical moon landing. I think you should sell your calls as limit orders so they only execute when the stock is going up. The momentum swings seem to have a large impact on option prices.
There is some good debate about how much inflation the money printing will cause. I think the money is starting to reach the masses rather than just the selective wealthy, so I believe we will have some modest inflation like 4% rather than the target of 2-3%. Younger people don't view gold as the monetary hedge like their parents did.First off I am not an experienced player of stocks. Question: so we have printed trillions & trillions of money. from what I've read over the years this means inflation big time & debasing of the dollar----------which means gold & silver go up a lot. Haven't seen that yet. how come? what am I missing?