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Posted (edited)

If I owned Crypto, I would consider moving out of all of it right now. Margin calls are coming. I expect crypto to get hit hard quickly.

Edited by David Dodds
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2 minutes ago, David Dodds said:

If I owned Crypto, I would consider moving out of all of it right now. Margin calls are coming. I expect crypto to get hard quickly.

Crypto already got beat down with 10-1 margin calls this weekend. 

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Just now, Capella said:

Crypto already got beat down with 10-1 margin calls this weekend. 

agreed, but it has run back up since then. I think we will see a redo tonight.

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3 minutes ago, SFBayDuck said:

Might I actually be able to get out of my GME shares without taking a big loss?  Or is it 🚀 and I should hodl?  

everybody needs to make their own decisions here, but I suspect today's price change gets some shorts margin called. Whoever inherits those toxic positions will be coming to the market to buy the shares. This is just starting. 

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1 hour ago, BassNBrew said:

He’s very impressive. 

 Some schmuck broker called him a "midget" to another broker friend of mine. I could not stop laughing... I promise you Mr. Nobody broker who thinks more of himself than anyone else does.... a guy who is a NCAA champion, lead a literally nothing company to the largest wholesale lender and 2nd largest mortgage lender and is a self made multi billionaire doesn't lose sleep over you calling him a "midget". The thing is, he really is. Which I think makes him even more impressive being on a NCAA national champion basketball team. 

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I've got to admit, I never expected to see GME trading over $200 again.

15% run up on no news. Something is obviously happening.

... and seems like all the memes are way up today.

Gobmnt send another stimmy check that I didn't know about?

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5 hours ago, Capella said:

GME up 8% as Ryan Cohen posted a cartoon of a guy with a boner. #fundamentals #economics #bonerstonks

 

4 hours ago, McBokonon said:

I checked because I wasn't sure if serious and sure enough :lmao:

Wait, .... this 15% run up was because of a Boner tweet?

Yeah, I'll likely be shorting this after hours today.

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54 minutes ago, caustic said:

NAKD and KOSS with some sympathy pops too. I love how stupid this is.

It really is. AMC is the worst. At least with GME you can make a case that they have enough money to attempt the turn around (I still think they are still ridiculously overvalued) but AMC is burning through their cash, which they already diluted the shares for a ton, at a rate that makes them very vulnerable to insolvency in a year. I mean, would you buy a stock if it’s revenues had been pummeled and they added so much debt that even paying just the interest expense would be more than the most amount of cash they had ever generated in the best of times? It’s a game of hot potato. I don’t think the all the great Reddit posts with numbers ever look at true fundamentals. It’s all about short squeezes and fake shares. People see AMC’s price and say wow, $16 is a bargain compared to $30+ back in the day. Problem is that in 2017 (after it peaked) there were 127 million shares so it was a $2.5b market cap. With all the dilution, AMC now has 450 million shares (4x the number of shares during 2020), so the market cap even with the hits from streaming and the pandemic is triple what it was at the peak price. The revenue back then was a lot higher than it is today.

Good luck to those that get out before reality sets in.

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17 minutes ago, Bossman said:

 

Wait, .... this 15% run up was because of a Boner tweet?

Yeah, I'll likely be shorting this after hours today.

My head exploded while trying to come up with the obvious joke that wouldn't also get me banned.

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26 minutes ago, Bossman said:

 

Wait, .... this 15% run up was because of a Boner tweet?

Yeah, I'll likely be shorting this after hours today.

 

7 minutes ago, Bob Sacamano said:

My head exploded while trying to come up with the obvious joke that wouldn't also get me banned.

:unsure:

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Posted (edited)

Blue Horseshoe likes this:

https://nft.gamestop.com/

In the near future, you'll be able to sell your digital copies of games using GameStop blockchain. This company is the future of gaming.

and banana cat too:

https://nft.gamestop.com/runner.html

Edited by David Dodds
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32 minutes ago, David Dodds said:

Blue Horseshoe likes this:

https://nft.gamestop.com/

In the near future, you'll be able to sell your digital copies of games using GameStop blockchain. This company is the future of gaming.

 

One of, if not THE, main reason game developers have moved to digital downloads and away from physical games is because they receive no money from the resell of physical games. Digital games come with terms and conditions that prohibit the type of transfer you describe. Has Gamestop outlined a plan to make reselling of digital games (really, it would just be a license not an actual game) possible?

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57 minutes ago, McBokonon said:

One of, if not THE, main reason game developers have moved to digital downloads and away from physical games is because they receive no money from the resell of physical games. Digital games come with terms and conditions that prohibit the type of transfer you describe. Has Gamestop outlined a plan to make reselling of digital games (really, it would just be a license not an actual game) possible?

No, pretty sure that statement was his assumption not reality. I don’t see why the games makers would ever want to open that up. It’s not like a DVD that gets scratched. If you can resell a digital code, it works perfectly and they’d lose a lot of profit. Also, again, GME isn’t some sort of content creator so if blockchains can be created almost overnight (look at all the alt coins that popped up this year) why would Microsoft not create their own if they wanted to resell codes? As Michael Douglas said in Disclosure, when did GME have the power? When? Full disclosure, I would have let her do whatever she wanted.

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Posted (edited)
24 minutes ago, JB Breakfast Club said:

962 on my second run. That will be my sale price, I think. 

1137 on my third. Never bought, likely never will!

Edited by stbugs
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Posted (edited)

GameStop could be doing the NFT Crypto dividend like Overstock did.

Here is a good thread on SuperStonk talking about it. If this happens (and the stock has been massively oversold as some of us anticipate, this will literally cause the stock and dividend to go nuts).

https://www.reddit.com/r/Superstonk/comments/nl0lk1/gme_token_info/

I am hodling until I know more. The annual meeting on 6/9 should be eye opening.

Edited by David Dodds
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On 5/23/2021 at 8:43 PM, KGB said:

KGB top 20 or so.  What I'm recommending for my buddy,

 

25% Cash

1) BTC/ETH/etc 10%

2) JD 10%

3) DIS 5%

4) AMZN 5%

5) BLDP 5%

6) DKNG 5%

7) UUUU 5%

8. MUDS 5%

9) TSLA 5%

10) SPCX 5%

11) RIOT 5%

hmmmmm

Actually.  I decided I am too high risk to give advice.  Thank you all.  I will send him to a pro

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I was gonna give really good stonks advice.........but then I got high

 

Sorry for the boring ask, but does anyone have a recommendation on a nice 4-5% dividend stock with nice growth potential as well? Trying to rebalance some stuff here, need some safety with swoon capability.

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Just now, NajehHejan said:

I was gonna give really good stonks advice.........but then I got high

 

Sorry for the boring ask, but does anyone have a recommendation on a nice 4-5% dividend stock with nice growth potential as well? Trying to rebalance some stuff here, need some safety with swoon capability.

I may hop back into AVGO check em out

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2 minutes ago, NajehHejan said:

Very interesting chart. Where were you on May 12 lol

lol, I was in at $350 and noted in in this thread.  but its boring. lol

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Not sure if anyone wants to talk the downside of trading....

Just got my taxes back....

Up 60K last year and lost it all this year.  Im pretty F'ed

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19 minutes ago, NajehHejan said:

I was gonna give really good stonks advice.........but then I got high

 

Sorry for the boring ask, but does anyone have a recommendation on a nice 4-5% dividend stock with nice growth potential as well? Trying to rebalance some stuff here, need some safety with swoon capability.

ONEOK w/ a 7% annual yield.

I'm up 18% growth-wise in 3 months.

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6 hours ago, KGB said:

With that said.  

I have 1639 Shares of JD I just purchased.  @72.XX

:pusheschips:

Wow, I would never invest more than a couple percent of my portfolio in a Chinese company. Either you are more confident in them than most or you’re a multimillionaire. Or both. 

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6 hours ago, KGB said:

I may hop back into AVGO check em out

When I decided to dip my toe into preferred stocks, I bought AVGOP. Pays 8% dividend and rock solid company. It’s done well over the past couple years. 

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9 hours ago, David Dodds said:

GameStop could be doing the NFT Crypto dividend like Overstock did.

Here is a good thread on SuperStonk talking about it. If this happens (and the stock has been massively oversold as some of us anticipate, this will literally cause the stock and dividend to go nuts).

https://www.reddit.com/r/Superstonk/comments/nl0lk1/gme_token_info/

I am hodling until I know more. The annual meeting on 6/9 should be eye opening.

How does the introduction of the NFT Crypto dividend force people to recall their shares?  

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Posted (edited)
16 minutes ago, Steeler said:

How does the introduction of the NFT Crypto dividend force people to recall their shares?  

It makes the shorts have to also buy the special crypto dividend. Overstock did this, was challenged in court, but won their court case. Look at how their stock and crypto performed is telling (Mar 3 - Aug 21, 2020).

https://finance.yahoo.com/quote/ostk

and 

https://finance.yahoo.com/quote/ostko

It is essentially a forced short squeeze to remove all rehypothecated shares.

Edited by David Dodds
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Posted (edited)
18 minutes ago, Steeler said:

How does the introduction of the NFT Crypto dividend force people to recall their shares?  

I think the idea is that those who lent their shares out will recall them, because if they don’t they won’t receive the dividend. ETA: Or whatever Dodds said.

Honestly, this seems like another reddit dream (“the board is going to recall the shares even though that’s not really a thing!”) hoping Ryan Cohen will follow in the footsteps of the former Overstock CEO who dreamt the idea up before leaving the company, selling all of his stock, and disclosing his multi-year affair with a confirmed Russian agent. He’s also a conspiracy theorist.

I do think HBO could make a decent Patrick Byrne movie, though. I’d watch.

Fundamentals aside, though, that chart looks pretty good.

Edited by McBokonon
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15 hours ago, McBokonon said:
16 hours ago, David Dodds said:

Blue Horseshoe likes this:

https://nft.gamestop.com/

In the near future, you'll be able to sell your digital copies of games using GameStop blockchain. This company is the future of gaming.

 

One of, if not THE, main reason game developers have moved to digital downloads and away from physical games is because they receive no money from the resell of physical games. Digital games come with terms and conditions that prohibit the type of transfer you describe. Has Gamestop outlined a plan to make reselling of digital games (really, it would just be a license not an actual game) possible?

Why should any creators receive any compensation for the reselling of their original creation?

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7 hours ago, NajehHejan said:

I was gonna give really good stonks advice.........but then I got high

 

Sorry for the boring ask, but does anyone have a recommendation on a nice 4-5% dividend stock with nice growth potential as well? Trying to rebalance some stuff here, need some safety with swoon capability.

GCV.  Also consider MDU

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1 minute ago, JAA said:

Why should any creators receive any compensation for the reselling of their original creation?

That’s another discussion and probably a worthwhile one. I’m just talking about the realities of today.

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Just now, McBokonon said:
2 minutes ago, JAA said:

Why should any creators receive any compensation for the reselling of their original creation?

That’s another discussion and probably a worthwhile one. I’m just talking about the realities of today.

Im talking about the realities of today also.

I dont find the point compelling.

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