Stock Thread

[Charlie Harper 1,230]

I'm holding GME until the vote on 6/9.

GME Investor Materials

Quote

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.

 

Quote

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

 

Edited April 23 by Charlie Harper

[Bossman 1,922]

Anyone in here ever short a stock?

Just seems too easy to short GME and ride it down. (sorry DD)

[Dr. Octopus 17,576]

7 hours ago, Charlie Harper said:

I'm holding GME until the vote on 6/9.

GME Investor Materials

 

 

Wow they really keep stringing people along to get them to diamond hand.

[stbugs 3,503]

8 minutes ago, Bossman said:

Anyone in here ever short a stock?

Just seems too easy to short GME and ride it down. (sorry DD)

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. 

[stbugs 3,503]

1 minute ago, Dr. Octopus said:

Wow they really keep stringing people along to get them to diamond hand.

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.

It’s amazing to me how much energy and thought is going into a company that’s basically like Best Buy or Sears. Incredible.

[Capella 31,988]

45 minutes ago, Bossman said:

Anyone in here ever short a stock?

Just seems too easy to short GME and ride it down. (sorry DD)

I haven’t but I have thought about shorting one (1) share of GME just to see how it works. 

Edited April 23 by Capella

[Steeler 3,028]

10 minutes ago, Capella said:

I haven’t but I have thought about shorting one (1) share of GME just to see how it works. 

Option contracts are in lots of 100 shares, no?

[stbugs 3,503]

12 minutes ago, Capella said:

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.

[BassNBrew 11,904]

6 minutes ago, stbugs said:

Lol. See above. Don’t pull a TroutNZima and think you only bought one share.

Hey there...I made $900 on that trade in minutes.  Tossing a pair of pants in the garbage was a small price to pay.

[Capella 31,988]

25 minutes ago, BassNBrew said:

Hey there...I made $900 on that trade in minutes.  Tossing a pair of pants in the garbage was a small price to pay.

 ok I will not be doing this never mind 

[Capella 31,988]

36 minutes ago, Steeler said:

Option contracts are in lots of 100 shares, no?

This is why we talk things out here first. 

[McBokonon 3,959]

57 minutes ago, Steeler said:

Option contracts are in lots of 100 shares, no?

 

54 minutes ago, stbugs said:

Lol. See above. Don’t pull a TroutNZima and think you only bought one share.

 

20 minutes ago, Capella said:

This is why we talk things out here first. 

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.

Edited April 23 by McBokonon

[Capella 31,988]

10 minutes ago, McBokonon said:

 

 

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.

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. 

[McBokonon 3,959]

17 minutes ago, Capella said:

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. 

You’ve gambled way more money on far, far dumber things.

[Capella 31,988]

5 minutes ago, McBokonon said:

You’ve gambled way more money on far, far dumber things.

Lol this week 

[Al Czervik 355]

12 hours ago, Capella said:

Not at that rate. No chance. 

And not when some of the biggest millionaire (insider) traders are our representatives.

[beef 3,093]

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.  

[[icon] 10,162]

1 hour ago, Capella said:

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. 

Sure, but if it goes to 69,000 you're in trouble. 

[Bossman 1,922]

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."

[[icon] 10,162]

12 minutes ago, beef said:

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.  

Big Tax Hikes = Dems getting crucified in Midterms.

No way they're that dumb.

Well... they're probably not that dumb. They ARE politicians. 

[Caveman33 15]

3 hours ago, Bossman said:

Anyone in here ever short a stock?

Just seems too easy to short GME and ride it down. (sorry DD)

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?  

I recently shorted BLNK after allowing a few puts to exercise.  I was lucky enough to time my cover purchase well.  The brokers also charge interest on shorts if the shares are considered hard to borrow, might start when the float is 10-20% borrowed and the interest is charged daily at an APR of ~10-100%

Edited April 23 by Caveman33

[Capella 31,988]

8 minutes ago, [icon] said:

Sure, but if it goes to 69,000 you're in trouble. 

Nah cause I still have all my crappy shares lol 

[kevzilla 8,139]

17 hours ago, General Malaise said:

your Curtis Mathis 1968 black and white TV...... 

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.

[identikit 1,672]

1 minute ago, kevzilla said:

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.

Our Packard Bell was our only lifeline.

[rick6668 1,257]

QS off to a great start.  Hope it can hold

[stbugs 3,503]

16 minutes ago, Bossman said:

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."

We tend to do the opposite of what you do. 

[Caveman33 15]

NFLX 4/23 $525 call is dead, $1.15 to $.08 but the 2 4/30 $530 calls at $2.45 still have a chance.  I'm not optimistic about NFLX's long term prospects.  I set a sell order for the calls at $3.25, but will go lower if the opportunity is there to get even or small profit.  I figure if the stock has a good day on Mon or Tues and runs to $517, the calls could sell at that price.

RGR 5/21 $75 call at $0.95.  I hope this one goes better.  I've only played about 10 calls/puts so far but the puts have all been hits, not so much with the calls.

[FreeBaGeL 9,557]

27 minutes ago, Bossman said:

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.

[Caveman33 15]

17 minutes ago, Capella said:

Nah cause I still have all my crappy shares lol 

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.

[Caveman33 15]

2 minutes ago, FreeBaGeL said:

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'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.

[beef 3,093]

14 minutes ago, stbugs said:

We tend to do the opposite of what you do. 

I'd want nothing to do with shorting crypto.  I actually doubled down on RIOT premarket when it was on clearance for under $35.

[Caveman33 15]

Borrowing interest seems like one of the few high profit charges left for brokers. Trading fees have gotten competitive, but brokers are very selfish about the H-T-B charge.  I think Interactive Brokers might share 50% of the fee with the customer whose shares are being borrowed.  Hopefully, this will become more commonplace in the future.

[Caveman33 15]

2 minutes ago, beef said:

I'd want nothing to do with shorting crypto.  I actually doubled down on RIOT premarket when it was on clearance for under $35.

What makes $35 a clearance?

[beef 3,093]

5 minutes ago, Caveman33 said:

What makes $35 a clearance?

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...

[Nick Vermeil 3,590]

15 minutes ago, beef said:

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 added as well but couldn't quite double.  Down from a cost basis in the $50s to $42.

[Al Czervik 355]

6 minutes ago, beef said:

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...

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.

[Caveman33 15]

8 minutes ago, beef said:

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.

[FreeBaGeL 9,557]

You have to be careful being too aggressive buying around strong support on these trading stocks.  Because while strong support can often lead to a bounce, if it doesn't it can lead to a major flush where a steady unwind turns into a panic selloff before you have a chance to react.

I'm also not sure I would have called $34 strong support on RIOT prior to this recent bounce. It looks like there were buyers there only 1 time prior to this last bounce so good that it worked out but wouldn't have been a strong conviction trade for me.

[stbugs 3,503]

27 minutes ago, beef said:

I'd want nothing to do with shorting crypto.  I actually doubled down on RIOT premarket when it was on clearance for under $35.

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.

[shadrap 1,906]

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?

[FreeBaGeL 9,557]

1 minute ago, shadrap said:

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?

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.

Also FWIW the fed keeps swearing that the current inflation track is under control and healthy.  Not sure how many are buying it but that's what they're saying at least.

Edited April 23 by FreeBaGeL

[stbugs 3,503]

1 minute ago, shadrap said:

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.

[Nugget 1,679]

2 minutes ago, shadrap said:

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 Theory

Basically we print money until we hit our inflation target and then raise taxes to control it.

[BassNBrew 11,904]

51 minutes ago, Caveman33 said:

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.

He's an Amazon owner but not a total imbecile.

[Caveman33 15]

2 minutes ago, shadrap said:

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?

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.

[identikit 1,672]

Bought some INTC on the dip today...

I'd like to think @Todemapproved this.

[Caveman33 15]

All the short talk got me hot.  I bought 15 puts on BLNK 4/23 $36.50 @ .18.  It expires today.  BLNK is a terrible company that will likely go below $5 within a few years.  If this ends in the money I will let a few exercise just to get in short. HTB Interest is at 40% on BLNK.

Edited April 23 by Caveman33

[BassNBrew 11,904]

MMEDF up 38% today.

[BassNBrew 11,904]

Dumping another lot of DM that was up 13%.  Trying to get that hold down to a 1% allocation.

[kevzilla 8,139]

8 minutes ago, BassNBrew said:

MMEDF up 38% today.

They're going to trade on NASDAQ effective Tuesday.