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Stock Thread (10 Viewers)
- Thread starter St. Louis Bob
- Start date
2Squirrels1Nut
Footballguy
Yeah, volatility like crazy. Down the past two days but after the ups last week, no worries. Every single month there’s been dips on a lot of my more tech related stocks, like clockwork since April. Wish I trimmed more last week as I don’t have a good feeling that things will end well.
McBokonon
Footballguy
Yepper. Just saw that. Amazon up nicely in sympathy and all my tech stocks appear to be bouncing as well. I think we’ll see them once again trounce earnings and while these “bad” companies with short squeezing are getting the headlines there’s a clear sight line to the companies that are fundamentally strong.
Nigel
Footballguy
SFBayDuck
Footballguy
DHHCU
ENVIU
CFIVU
SNPR
IPOF
ACTC
BTWN
GRAMF
NGABU
QELLU
VTIQU
DPHC (now RIDE, the only one I've ridden through acquisition so far)
All of them but NGABU ($11.67) and DPHC ($12.13) I got in at $11.12 or lower
jb1020
Footballguy
beef
Footballguy
Last edited by a moderator:
Sideshow Bob
Footballguy
Sand
Footballguy
His cost basis was like $15 and he's held for a while, so he was way, way down for a while. I think GME bottomed at $6 or so in March. So he definitely rode it down and now way back up. Huge bet, too, like a 750k bet on the whole.
Balls of steel, that dude.
He started with $53k. The current holdings cost basis is $750k because he bought and sold a lot along the way. Sitting on 4.8mil in cash he's already taken off the table.
Those 800 April 16 call $12 were worth $10.6mil at close, now $17mil at an after-hours price of $225. He's got another $11.25mil in shares. The $53k is now up to $33mil total at the after hours price of $225..
Stop what? A bunch of guys are publicly pointing out that a stock is 130% shorted, and the shorts have to buy shares by Friday to cover, so one could make money if everyone bought and held and forced the shorts to pay $200 for a stock they borrowed at $8. There's nothing illegal, unethical, or even the slightest bit shady going on.
They're doing for the longs what Citron and all the pump-and-dumps do against the longs. How many of these funds make their money by taking a position in a stock, then releasing something on Twitter for/against, wait for the news bots to spray it all over the place, and then take profit when the average joes pile in or flee?
in the time it took to type, after hours went from 225 to 245. Up 66% after hours.
ChiefD
Footballguy
Pssst.....if you know some of those guys can you...umm.....have them do us a solid on the shorts that manipulated CYDY earlier this year......you know.....just have them get CYDY up to a hundred bucks or so......you know.....to teach them shorts a lesson....thanks in advance....
They're not planning to manipulate anything.
And it's not coordinated, there's a hundred thousand users posting all their crazy bets. All in on Apple, Tesla, Plug, Blackberry... guys just hoping to get attention for having the craziest pick and putting everything they have into one stock ticker on an all-or-nothing, "I'll eat beans and live in a cardboard box for the rest of my life if this doesn't work" wager.
Most of them go broke. Most of them are using options way out of the money and hoping a surprise earnings call or other unexpected event will be their jackpot, and will be worth $0 if not. Trying to follow any of them is madness.
Just so happened that one of these guys, who started in Sept 2019 with the thesis "this stock is worth more than $8 a share, so, I'm putting everything I have into it", happened to be right. He got ridiculed the whole way and thousands of people warned him he was being stupid. For every point he made, there were a dozen counterpoints that GameStop is more likely to collapse than stick around five more years. All he wanted was for the stock to hit $18. But then the shorts got cornered on the Jan 29th price and now it's a full assault.
2Squirrels1Nut
Footballguy
Steve Tasker
Footballguy
r/wsb is not that complicated, nor is it some sort of coordinated effort. GME (and the others) are meme buys. Enjoy the ride and land some tendies.
Steve Tasker
Footballguy
McBokonon
Footballguy
ARK just sent out their Big Ideas 2021 presentation
You can guess most of them based on their ETF themes, but gives data and rationale, as well as forecasts. Interesting so far as I'm skimming.
You can guess most of them based on their ETF themes, but gives data and rationale, as well as forecasts. Interesting so far as I'm skimming.
Bonfire
Footballguy
Im going to be that guy and toot my own horn, forgive the jerkstore behavior.
https://forums.footballguys.com/topic/782985-2020-fbg-stock-contest/
The good, obviously has been a nice payday
The bad, was only with what amounted to play money.
The story and my continual selling early and doubting STONKS GO UP
Despite contest linked, my average cost is $4.25
Sold a chunk at $10 taking more than a double seems a reasonable move.
Sold another chunk at $40 as 10x is fast getting dumb.
Sold another yesterday at $85 as I was away and later saw spike to $150 and thought that was it.
Have slowly shed tiny amounts today (thank you no cost trading) at $125.
Before typing this scattered sells at $175/$200/$225 in after hours.
Obviously it has disconnected from reality, but kicking myself for being cautious/prudent. Have made plenty even by not executing well at all. This has been a wild wild ride and I have both idea where it goes. $500 or $10 per share in coming days wouldn't surprise me much either way.
https://forums.footballguys.com/topic/782985-2020-fbg-stock-contest/
The good, obviously has been a nice payday
The bad, was only with what amounted to play money.
The story and my continual selling early and doubting STONKS GO UP
Despite contest linked, my average cost is $4.25
Sold a chunk at $10 taking more than a double seems a reasonable move.
Sold another chunk at $40 as 10x is fast getting dumb.
Sold another yesterday at $85 as I was away and later saw spike to $150 and thought that was it.
Have slowly shed tiny amounts today (thank you no cost trading) at $125.
Before typing this scattered sells at $175/$200/$225 in after hours.
Obviously it has disconnected from reality, but kicking myself for being cautious/prudent. Have made plenty even by not executing well at all. This has been a wild wild ride and I have both idea where it goes. $500 or $10 per share in coming days wouldn't surprise me much either way.
Todem
Footballguy
cosjobs
Footballguy
Dwayne Hoover
Footballguy
Since I think the short attack guys are doing stuff that is shady, unethical and maybe illegal, I feel the same way about these reddit guys. I’m not a lawyer, FYI.
Sideshow Bob
Footballguy
Sideshow Bob
Footballguy
Every action has an equal/opposite reaction
Thanks to WSB, Gamestop shorts are suddenly in traction
I don't mean to cast blame, but this started with Andrew Left's reaction
'Cause his explanation of short interest amazed this clueless faction
They all get satisfaction, given he's a giant ### an'
Uses his influence to cause stocks to crash so he can cash in
But now the suckers at the poker game are the ones cashing
Treating the elite like Spacey treated fresh meat at Margin Call casting
Now their picks to brick are leaving them scrambling for cash
And downing every last drop in their flask
Kicked square in the balls 'cause their calls are so brash
'Til someone turns the tables and takes the bread from their pockets
I guess Melvin's allergic to AND workin' for peanuts as Game
It must be nice, it must be nice
To have Citadel on your side
It must be nice, it must be nice
To have Citadel on your side
Nick Vermeil
Footballguy
Dwayne Hoover
Footballguy
GROOT
Footballguy
2Squirrels1Nut
Footballguy
GREAT call!
They were talking on CNBC about completing halting trading for a few days, so be careful.
Steve Tasker
Footballguy
To be clear, I'm not actually investing in AMC, just relaying what I've been seeing because I regularly lurk on r/wsb, and what I'm hearing from friends who are much more "in the know" than I am. You guys in this thread are much more sophisticated stock investors than me. I'm not sure there's any actual teeth to it more than it just being another meme "dying" company in an entertainment/tech space, hence it being inherently attractive to wsb investors.
2Squirrels1Nut
Footballguy
lakerstan
Footballguy
Bravo! Jefferson and Adams would be proud... these guys will never be Satisfied.Every action has an equal/opposite reaction
Thanks to WSB, Gamestop shorts are suddenly in traction
I don't mean to cast blame, but this started with Andrew Left's reaction
'Cause his explanation of short interest amazed this clueless faction
They all get satisfaction, given he's a giant ### an'
Uses his influence to cause stocks to crash so he can cash in
But now the suckers at the poker game are the ones cashing
Treating the elite like Spacey treated fresh meat at Margin Call casting
Now their picks to brick are leaving them scrambling for cash
And downing every last drop in their flask
Kicked square in the balls 'cause their calls are so brash
'Til someone turns the tables and takes the bread from their pockets
I guess Melvin's allergic to AND workin' for peanuts as Game
It must be nice, it must be nice
To have Citadel on your side
It must be nice, it must be nice
To have Citadel on your side
McBokonon
Footballguy
I did 350 at $7.74 for ####s and giggles in the account where $NNOX is ripping off faces so #### it.In for 300 at $7.65.
2Squirrels1Nut
Footballguy
I'm wondering if in the case of GME if market orders are driving up the price. Anyone?
