Bob Sacamano Posted May 24 Share Posted May 24 What lit a fire under SQ's ###? Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted May 24 Share Posted May 24 Ah, the BTC pop, I assume. A little volume to accompany that 6%, finally. Quote Link to comment Share on other sites More sharing options...
Charlie Harper Posted May 24 Share Posted May 24 It's crazy how GME can't seem to get past $180. 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 24 Share Posted May 24 14 minutes ago, Bob Sacamano said: Ah, the BTC pop, I assume. A little volume to accompany that 6%, finally. There was a story that they are about to introduce business banking accounts. Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 24 Share Posted May 24 (edited) 1 hour ago, Charlie Harper said: It's crazy how GME can't seem to get past $180. It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story. Edited May 24 by stbugs 3 Quote Link to comment Share on other sites More sharing options...
identikit Posted May 24 Share Posted May 24 RBLX had another pretty good day. Up 38+% since I bought it in March. 2 2 Quote Link to comment Share on other sites More sharing options...
millertyme1 Posted May 24 Share Posted May 24 2 hours ago, Charlie Harper said: It's crazy how GME can't seem to get past $180. We're waiting til some date in June before it explodes. Or July. Or March. Or April. 4 2 2 Quote Link to comment Share on other sites More sharing options...
JB Breakfast Club Posted May 25 Share Posted May 25 4 hours ago, stbugs said: It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story. The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. 1 Quote Link to comment Share on other sites More sharing options...
2Squirrels1Nut Posted May 25 Share Posted May 25 (edited) 8 hours ago, General Malaise said: I thought if I bought it and told my vegan wife about it I'd at least get some sort of nookie reward for being a good guy. That too was stupid. She's probably tired of making her own milk. Edited May 25 by 2Squirrels1Nut 1 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 2 hours ago, JB Breakfast Club said: The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. Lol, I’m sorry but that’s ridiculous longer term. I absolutely understand that if people are willing to pay a price to stick it to the man, you can temporarily keep it elevated but it will wear off. Trendy stuff always does and the future stock price will be based on the fundamentals. Just like AMC where the billionaire whale that brought the company public was more than happy to abandon ship at retail investors expense (made almost $700M), the same will happen here. You aren’t fighting evil hedge funds, you are assisting one set of billionaires over another. Elon is a friend then an enemy. Same with Chamath. Ryan Cohen, a billionaire, is somehow a man of the people because he tweets and ice cream cone and a frog? He’s out to make money. It will be interesting to see how long it lasts but we just passed by another moonshot call date with nothing. I’m still amazed at how much press this company gets as a mini Best Buy that hasn’t even turned around the business. All I can say is good luck. 1 1 Quote Link to comment Share on other sites More sharing options...
JaxBill Posted May 25 Share Posted May 25 9 hours ago, JB Breakfast Club said: The fact that it sustains this price channel tells me the ape strong/diamond hand community is a real thing. Carrying the shares legitimately feels like being part of a fight with deep pockets. Also, any analysis of the price has to consider the potential for a squeeze...it's much more than same store sales and shipping infrastructure. I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity. Yes, the allure of a squeeze is very much part of my motivation. That being said, I doubt I'm holding this stock come September 1. In fact, I may cash out most, if not all, in next 48 hours heading into holiday weekend. Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket. Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 53 minutes ago, JaxBill said: I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity. Yes, the allure of a squeeze is very much part of my motivation. That being said, I doubt I'm holding this stock come September 1. In fact, I may cash out most, if not all, in next 48 hours heading into holiday weekend. Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket. Exactly, it’s a trading opportunity. If you are truly trying to fight the rich man while helping the other rich man, then you’ll likely hold it way too long. At some point, the company will be based on the fundamentals. Right now, it’s a different animal, but that won’t last long. Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 25 Share Posted May 25 41 minutes ago, stbugs said: Exactly, it’s a trading opportunity. If you are truly trying to fight the rich man while helping the other rich man, then you’ll likely hold it way too long. At some point, the company will be based on the fundamentals. Right now, it’s a different animal, but that won’t last long. LOL...get outta here with your fundamentals. 🚀baby. In two weeks Ryan Cohen is going to make everyone show up at their local game stop and present their shares to be validated. We are taking down the man on that day and headed to orbit. 1 4 Quote Link to comment Share on other sites More sharing options...
JB Breakfast Club Posted May 25 Share Posted May 25 Fun start to the day. #Stonks 2 Quote Link to comment Share on other sites More sharing options...
Wild Young Billy Posted May 25 Share Posted May 25 (edited) 18 hours ago, Bob Sacamano said: What lit a fire under SQ's ###? https://www.nasdaq.com/articles/square-partners-with-plaid-on-ach-payment-for-merchants-2021-05-24 ETA: There's more and more pushback on fees that merchants pay for accepting credit cards that alternative payment methods are now being more actively pursued. ACH isn't new of course but its overall lower cost to process is more appealing to some merchants. Edited May 25 by Wild Young Billy Quote Link to comment Share on other sites More sharing options...
Capella Posted May 25 Share Posted May 25 1 minute ago, JB Breakfast Club said: Fun start to the day. #Stonks Sources say that we do in fact, love the stonks 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 25 Share Posted May 25 (edited) When stonks go down, they’re merely crouching so they can spring up and jump higher. Edited May 25 by McBokonon 1 1 3 3 1 Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 25 Share Posted May 25 Ruger...10% in two months doesn't cut it, out the door you go. Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 25 Share Posted May 25 1 minute ago, McBokonon said: When stonks go down, they’re merely crouching so they can spring up and jump higher. PLTR, DM, CSPR, etc must be crouching for a world record. 1 2 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 Wow, this article is pretty telling on AMC. Forget about all the other reasons, which are good reasons to not invest, the one that really got me was this. Based on how much debt has been added to try and save the company, their interest expenses for this year will be more than AMC has ever made in a year. That’s mind blowing. Just servicing debt and interest expenses, they are now paying more cash than they’ve ever generated in a year. Movie revenue and ticket sales continue to go down every year. Day trade as much as you like, AMC is a complete dog and unfortunately the largest whale/billionaire investor just dumped all his shares on retail investors at these higher prices. All the fighting the man is just putting more shares in apes hands and the leader of the apes at AMC got a $5M bonus last year and his compensation doubled in 2020. The company doesn’t have its investors’ backs. Seems like they are keeping it alive to milk as much as they can. Good luck to all! 1 Quote Link to comment Share on other sites More sharing options...
David Dodds Posted May 25 Share Posted May 25 I am so glad I got the Spacesuit back from the cleaners last Thursday. Safe travels everyone. 2 3 Quote Link to comment Share on other sites More sharing options...
Chadstroma Posted May 25 Share Posted May 25 Still waiting for the market to catch up on UWMC https://www.youtube.com/watch?v=beSqEqJf5k8 A good interview with Mat Ishbia, CEO of UWM 1 1 Quote Link to comment Share on other sites More sharing options...
JaxBill Posted May 25 Share Posted May 25 3 hours ago, JaxBill said: I have xxx shares averaged at about 155. While I sympathize with the "fighting deep pockets", I look at this as a trading opportunity. Yes, the allure of a squeeze is very much part of my motivation. That being said, I doubt I'm holding this stock come September 1. In fact, I may cash out most, if not all, in next 48 hours heading into holiday weekend. Now if the stock goes on sale again in the 150s in the summer, I may buy another ticket. Sold 80% at 191.50. #paperHands Keeping xx "free" shares for a ride Quote Link to comment Share on other sites More sharing options...
identikit Posted May 25 Share Posted May 25 19 minutes ago, David Dodds said: I am so glad I got the Spacesuit back from the cleaners last Thursday. Safe travels everyone. I'm surprised it even needed to be cleaned. Dust? 😋 3 Quote Link to comment Share on other sites More sharing options...
Capella Posted May 25 Share Posted May 25 GME up 8% as Ryan Cohen posted a cartoon of a guy with a boner. #fundamentals #economics #bonerstonks 1 1 4 Quote Link to comment Share on other sites More sharing options...
David Dodds Posted May 25 Share Posted May 25 (edited) 27 minutes ago, JaxBill said: Sold 80% at 191.50. #paperHands Keeping xx "free" shares for a ride Why aren't you rich grandpa? Well, I paper-handed the stock trade of a lifetime a week early. But I was able to pay for a family vacation at our zoo. Lambos or Homeless. We are just getting started here. Edited May 25 by David Dodds 1 1 1 2 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 25 Share Posted May 25 8 minutes ago, Capella said: GME up 8% as Ryan Cohen posted a cartoon of a guy with a boner. #fundamentals #economics #bonerstonks I checked because I wasn't sure if serious and sure enough 2 Quote Link to comment Share on other sites More sharing options...
Capella Posted May 25 Share Posted May 25 1 hour ago, McBokonon said: When stonks go down, they’re merely crouching so they can spring up and jump higher. Crouching Stock, Hidden Money 1 1 Quote Link to comment Share on other sites More sharing options...
wilked Posted May 25 Share Posted May 25 5 minutes ago, McBokonon said: I checked because I wasn't sure if serious and sure enough Hilarious! Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 Not sure if anyone is still in RIDE but it seems like they didn’t have a good earnings call. It’s seemed a little worrisome that they said they will be delayed and producing less than expected this year and also said they’ll end 2021 with $50-75M in liquidity. That sure is shaping up to not be enough to survive. It wouldn’t shock me if they have nothing produced this year so either close up shop or dilute. I think there’s going to be a whole lot more SPACs like this over the next couple years. Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted May 25 Share Posted May 25 1 hour ago, stbugs said: Wow, this article is pretty telling on AMC. Forget about all the other reasons, which are good reasons to not invest, the one that really got me was this. Based on how much debt has been added to try and save the company, their interest expenses for this year will be more than AMC has ever made in a year. That’s mind blowing. Just servicing debt and interest expenses, they are now paying more cash than they’ve ever generated in a year. Movie revenue and ticket sales continue to go down every year. Day trade as much as you like, AMC is a complete dog and unfortunately the largest whale/billionaire investor just dumped all his shares on retail investors at these higher prices. All the fighting the man is just putting more shares in apes hands and the leader of the apes at AMC got a $5M bonus last year and his compensation doubled in 2020. The company doesn’t have its investors’ backs. Seems like they are keeping it alive to milk as much as they can. Good luck to all! Sure, but what's more compelling? "Their interest expense for this year will be more than AMC has ever made in a year" 😴 Or "To the moooooooon zomgletsgo!!!! 🚀🚀" You never stood a chance, gb. 2 1 Quote Link to comment Share on other sites More sharing options...
Dwayne Hoover Posted May 25 Share Posted May 25 9 minutes ago, stbugs said: Not sure if anyone is still in RIDE but it seems like they didn’t have a good earnings call. It’s seemed a little worrisome that they said they will be delayed and producing less than expected this year and also said they’ll end 2021 with $50-75M in liquidity. That sure is shaping up to not be enough to survive. It wouldn’t shock me if they have nothing produced this year so either close up shop or dilute. I think there’s going to be a whole lot more SPACs like this over the next couple years. Abandoned RIDE a long time ago, made some money but obviously glad to be out. I'm in Ford instead. https://www.caranddriver.com/news/a36433090/2022-ford-f-150-lightning-specs-revealed/ Quote Link to comment Share on other sites More sharing options...
JAA Posted May 25 Share Posted May 25 18 hours ago, stbugs said: 19 hours ago, Charlie Harper said: It's crazy how GME can't seem to get past $180. It’s honestly crazy that it’s that high in the first place. I’m truly shocked that it still has so much attention for what it is. I mean it’s a smaller Best Buy that’s valued at multiples (ratios not market cap) of Best Buy except that they haven’t “succeeded” in becoming profitable or stop the revenue loss. It’s another really interesting story. knock knock 1 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 9 minutes ago, JAA said: knock knock Who’s there? Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted May 25 Share Posted May 25 Just now, stbugs said: Who’s there? Banana Quote Link to comment Share on other sites More sharing options...
JAA Posted May 25 Share Posted May 25 Just now, stbugs said: 10 minutes ago, JAA said: knock knock Who’s there? Support at 187 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 3 minutes ago, Nick Vermeil said: Banana Banana who? Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted May 25 Share Posted May 25 1 minute ago, stbugs said: Banana who? Knock knock Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 1 minute ago, Nick Vermeil said: Knock knock WHO’s THERE! Quote Link to comment Share on other sites More sharing options...
David Dodds Posted May 25 Share Posted May 25 2 minutes ago, Nick Vermeil said: Knock knock I don't think Marge is knocking. She is calling. 1 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted May 25 Share Posted May 25 (edited) 1 minute ago, stbugs said: WHO’s THERE! Banana Edited May 25 by Nick Vermeil (don't think stbugs has kids) Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 28 minutes ago, Nick Vermeil said: Banana Got 3 boys, but well beyond knock knock jokes. I still remember the orange part though, probably the only one I recall. Aren’t I supposed to get annoyed at each banana? Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted May 25 Share Posted May 25 2 minutes ago, stbugs said: Got 3 boys, but well beyond knock knock jokes. I still remember the orange part though, probably the only one I recall. Aren’tOrange I supposed to get annoyed at each banana? 2 Quote Link to comment Share on other sites More sharing options...
David Dodds Posted May 25 Share Posted May 25 Good video on the Dumb Money betting on Gamestop. https://www.reddit.com/r/Superstonk/comments/nkqai5/why_the_dumb_money_is_still_betting_on_gamestop/ Quote Link to comment Share on other sites More sharing options...
urbanhack Posted May 25 Share Posted May 25 HOW HIGH SOFI???? LET'S GOOOOOOOOO 3 Quote Link to comment Share on other sites More sharing options...
JB Breakfast Club Posted May 25 Share Posted May 25 3 minutes ago, urbanhack said: HOW HIGH SOFI???? LET'S GOOOOOOOOO Tempted to add more. Feels like there's still room to double from here. Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 25 Share Posted May 25 (edited) 31 minutes ago, David Dodds said: Good video on the Dumb Money betting on Gamestop. https://www.reddit.com/r/Superstonk/comments/nkqai5/why_the_dumb_money_is_still_betting_on_gamestop/ This video still assumes hedge funds are only on one side of the trade. Edited May 25 by McBokonon Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 25 Share Posted May 25 2 hours ago, Chadstroma said: Still waiting for the market to catch up on UWMC https://www.youtube.com/watch?v=beSqEqJf5k8 A good interview with Mat Ishbia, CEO of UWM He’s very impressive. 2 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 1 hour ago, Nick Vermeil said: Walked right into that. 1 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 25 Share Posted May 25 35 minutes ago, JB Breakfast Club said: Tempted to add more. Feels like there's still room to double from here. Me too. I said 5/13 felt like a stabilizing base, just wish I added more of this and some other stuff. Still below all their highs but $13 and $15 definitely felt cheap. I did add another 200 before on the drop so finally green overall since my other 200 was at $22. Probably will be some more bumps in the road that get it under $20 again to add a last batch, but not sure. Quote Link to comment Share on other sites More sharing options...
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