Lurker > Lopen

HanOfTheNekos posted...

At least one top ten placement? If I have any faith in Board 8, that means Age of Ultron is at the bottom.

I believe. Honestly though with Eddv ranking anything could have a top 10

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CTRM is just gonna offering spam until they slowly erode back down to 1/3 what they currently are

Reverse split for good measure when they can't hold above $1

You're right I'm not the one that decides but look at the 5 year graph for TOPS and you'll see what CTRM is heading towards

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There were a lot of end of week shorts that would in theory need to be covered or double downed on this week at some point. If they double down then you'd need to hold longer-- it's not as heavily shorted as Gamestop and it's not super far above the pressure line yet (it needs to hold above $9 for shorts to actually feel pain from this last set) so it could take a while. You'll probably know within the next week or two based on what the buzz is and the price motion is whether the short squeeze is going to work.

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If you have enough in this that you're afraid of it dropping a buck you may need to reduce your stake a little. I'm at peace knowing even if the value of my shares go to 0 I'm still over double my money.

It will go up to be sure, but it could go down more from here.

(Though I'm a little skeptical it can actually go down that much more. Wait till you go green again before selling some of it off.)


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Seeing this manufactured dip in AMC is making me feel better about it

I've seen this happen with biotechs before FDA approval a few times. Market makers are trying to shake the money away which means they're expecting the price to go up.

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Sunroof posted...

Exactly.

Trust me I've played on both sides of this coin and it's much harder to make money with less.

You just play like a freak. If I had your funds I'd have so much diversity that movement would not phase me because it'd all be +/- $100 and I'd have 100k

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Conspiracy Theory hedgies are selling to drive price down after Robinhood unlock news to try and get people to panic sell

Robinhood will then relock the stock once it's dropped a bit

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Xiahou Shake posted...

I wish I had this kind of money to throw around. Then again with Robinhood's restrictions I guess I wouldn't be able to, anyway! Sitting at 100 shares right now and feeling reasonably happy. Looking forward to seeing what this week brings.

Gotta start somewhere. When I first started 100 shares of AMC would be 3/4 of my portfolio.

I will say if a squeeze happens sell at least half when it doubles. You don't want to get too greedy even if you're playing with low numbers. Get your gains.

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Time for me to take the leadership of the AMC gains crew. Still sitting on 1400 shares (though even if AMC went to $0 somehow I'd be over double my initial investment). More than enough to crack 100k.

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And yeah at least with AMC there hasn't been a squeeze yet. I mean when you look at the asks and bids you can get the price up to $15.50 with just 7 million dollars. If there are hundreds of millions sold short it seems pretty unlikely AMC has had a spike caused from covering yet.

GME I'm less sure because it did move a ton but yeah.

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MKM analyst dropping AMC PT to $1, from $2

LMAO. Has had only good news since it was at $2. Even if you don't believe the current price whatsoever you can't put the target at less than like $5.

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HPR was valuable because I played it right (bought a lot before it rocketed) and still got it wrong (sold before it rocketed because I couldn't hold a stock I had no faith in on a level above GRAPHZ that dropped 5%) so it cost me like three hundred bucks but it was money well spent

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I lied it came out to 6

Some of that was formatting though. Given I was trying to lowball 19 pages probably isn't too nuts.

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I think mine probably came out to like 2 pages in word but I was trying to be brief cause there were so many people

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https://investor.vanguard.com/stocks/options

Looks like you need to apply

I highly recommend you consider it

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No

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"what is it good for"

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It's fine for you to it's bad for Sunroof (or most people) to. His upside is $100 his downside is like 10x that.

Related I just made $100 selling and unselling the right for people to buy my AMC for $28 at any time before 2/5. You really need to get into this covered call business Moonroof. Much safer day trade flipping if you really gotta do that.

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I mean it could payoff but it doesn't enforce good trading behavior so I advise everyone to avoid.

Like you're probably better off just putting a bunch of money into a random super cheap stock and hoping it goes up.

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No one invest in CTRM please

Scam company

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Bitcoin is fine but if you invest in it it's closer to gambling than an investment at the moment. If it dips back down enough I may buy some

Ethereum is superior and closer to an investment than gambling

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Voltch has really good safe advice I think

If you have a comfortable amount as a base and want that to just steadily earn, follow stuff voltch recommends

It's not my style until recently though-- once this AMC stuff settles down I'll be going hard on his recommendations though with at least half my money

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Sunroof posted...

In the beginning (March through June) I wasnt comfortable investing all $90k. I limited myself to $25k then $50k then $75k. So I think Im over double but its hard to prorate it all. I only just recently started investing over $75k.

Yeah I actually started at 3k and eased up to 13k over time, putting in about $1000 a month. So it's not like I had 13k to start, which limited my early profits a lot.

However I think that was actually really smart because I actually lost a ton of money in the first 4 months. Like at my worst I'd lost half my investment. It's easy to think it's easy when you're virtual trading but when it's your actual money you have to train willpower to hold, take profits, etc.

Now that I have actual good skin in the game I feel fairly safe that the money will only go up, though.

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Blur is my story he's just placed better bets than me

My worth is currently at $60k up from $13k though, with 25k in AMC currently (got in at $4.50)

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$50 GME July Put breaks even at $26 feels like bad money to me.

I don't want anything that doesn't break even at lower than $40 on GME. Feels too risky for limited upside at any lower break even price

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I may just try to wire a transfer from my bank to E-Trade after I get this last bit off of Robinhood

The amount of money I'm losing by being unable to fully leverage my options contracts is insane.

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AMC is craps but you lose all your bets on 3 not 7

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You can no longer exercise contracts to get over the share maximum and I can no longer sell calls as I'm above the contract minimum

Hurry up and get my money etrade dammit

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StartTheMachine posted...

That said, the whole "Robinhood is working with hedge funds" narrative is only going to help more people revolt buy, so I can't complain about ignorance here.

The fix Robinhood made doesn't make sense if they're not with the hedges. If it was as simple as volume all Robinhood would have to do is require funds to be settled to invest more in AMC/GME etc

The way it's implemented is absolutely hedge conspiracy. This clearinghouse stuff is a front to try and get out without being sued/fined into the earth

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DoomTheGyarados posted...

It helps that amc has nothing to do with wsb for me

And AMC has a lot to do with WSB for me BUT I think it's a buy at $16 without WSB at this point.

WSB just gives us like $100/share upside

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List sent

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Peyton Royce and The Miz sounds like a great team I'm sure to win

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foolm0r0n posted...

that literally already happened in history and you can look it up and see what happened, like this

So? It could happen again. It could be worse this time.

I believe in cryptocurrency as a thing but if your goal is to convince about Bitcoin being the best protip tautologies are never terribly convincing

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Beat earth weak omega



Need one more for another 250 anime+. Wind weak and holy weak seem plausible.

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Also BTC could absolutely fall to that level if there was a hole in the algorithm found like what caused the ETH vs ETHC rift.

Especially if Bitcoin becomes the "classic" variant in that pairing

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It was hyperbole. Yet if I told you that the rock solid 1 BTC worth 1/3 of its previous value in 6 months, could you say with confidence I'm wrong after seeing how it's value has wildly fluctuated in the past 5 years?

Because despite what foolmo will tell you 39000 dollars have not been worth 29000 dollars at any time in the past week. You get roughly the same goods and services with 39k as you did a week ago-- not the same with 1 BTC.

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In

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foolm0r0n posted...

That's what you're saying, because you're missing its fundamental strengths. No other coin has come out that is superior to Bitcoin in those strengths, so it is naturally still at the top

You refuse to actually mention its strengths repeatedly while at the same time demonstrating an ignorance of what other crypto currencies features are in this topic, with your only argument for being the tautology of "it is the top right now so it must be the best otherwise it wouldn't be the top." So I'm going to file you under "rar independent currency good derp I like the name brand one cause it has max cash value" as I originally filed you under

Bye. See you when bitdollar comes out and renders the algorithm obsolete and BTC goes down to $12.

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foolm0r0n posted...

Then why hasn't it. That's what I'm telling you to answer since you're missing it. You're talking like Bitcoin isn't the most attacked and competed and better-alternative'd thing in the history of money. (Also def look up how confirmations work after all coins are mined, it's really simple and clever... pretty sure it's in the original paper and wikipedia.)

A rich and long history of 12 years, the first 4 of those years it was barely even acknowledged as a thing that existed. Impressive. Will definitely survive forever with that lifespan.

"Why hasn't it" would boil down to this currency is basically infantile in the lifespan of currencies, particularly given it's based more in technology than currency, really. If the only argument is that it hasn't been replaced as the most widely used in its field in 12 years so it must be the best thats a really bad argument. Imagine claiming like Fortran will be the most used programming language forever because it was leading in its field for the 1960s.

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Safer_777 posted...

@Lopen But everything flactuates and changes. Sure USA still uses Dollars but are you saying to me that 1 Dollar in 2001 has the same value as the 2021 dollar? Of course no.

The Dec 2020 dollar and Jan 2021 dollar are roughly the same value. Bitcoin in the past month has fluctuated between $27k to $42k. That's actually a comparable variance to the dollar's value (you'd be looking at around $1-$1.50) has had since 2001. There's also the fact that the value basically jumps all over the map on a day to day basis. Consider Bitcoin in the past 5 years has grown 80x and the dollar hasn't even grown in value a quarter of that in TWO HUNDRED years and comparing their variance is comical.

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You don't even know the very basic principle of how DOGE works-- like that's literally the core of what separates it from other coins the baked in inflation and the fact that you'll always be able to mine it, and are lecturing me about not doing my homework on crypto.

Are you just blindly following bitcoin as the best because "rar independent currency people power" and saying the first established name is the best at it by default? If not tell me why it's dominant instead of asking me to look into it-- I already have looked into it. I did not find any reason BTC is the best aside from being the first that got traction (which gives it a lot of advantages). Which is not to say it's inherently worse than any of them (aside from Eth and Ripple (and DOGE!!)) and there's nothing wrong with being the first, but it also means your currency can basically become worthless if a better alternative arises and gets any sort of traction.

So a currency needs three things to be useful

• needs to be able to be widely accepted as payment
• spending needs to be trackable
• value of the currency needs to be relatively constant over time

BTC has a good algorithm verify transactions and such which makes it effective at the second point, and it's gaining traction with the first point, but the catch is a currency needs to inspire confidence that what you have is going to have a relatively constant value and bitcoin utterly fails at that, and will continue to fail at that because of the capped supply (I'm still not sure how we verify transactions if all bitcoins are mined away what is the solution to that issue) and increased demand. You actually get that with DOGE at some level due to the inflationary nature of it and the main problem it has is not being acceptable as payment in many places. DOGE is not perfect because you can basically flood the market with dogecoins if everyone is mining so you need to have some sort of cleanup algorithm to reduce the amount of DOGE in circulation (much like banks do when they dispose of trashed money) and I don't know exactly how to solve that issue without reducing the number of dogecoins in play which means someone loses currency, but it's closer to the right answer of what is usable as an independent currency that works like a currency than BTC is. I'd legit be interested in a DOGE spinoff that is trying to refine the idea to something more than a joke.

But like with BTC, why on earth would I accept a $40 bitcoin payment for gas when that same quantity of bitcoin can be worth $20 next week. The idea of it as an actual widely accepted currency is completely absurd, which makes it pointless. You've got a bunch of rigs doing work, wasting energy, to verify the legitimacy of exchanged coins which is nice but these coins are inherently super volatile and relatively worthless as a currency for that reason. You effectively get the "double spend" problem that BTC supposedly solves baked into the value of the coin because the value varies so wildly.

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Yeah covered calls is why I'm owning shares

I made 3k selling 5k worth of $30-$40 2/5 covered calls on Friday and buying 2/3s of them back for 2k at the end of the day. Very lucrative

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l LIKE THE STOCK.

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Forceful_Dragon posted...

I saw a thread on reddit about getting around the Robin Hood limitations via contracts:
https://www.reddit.com/r/wallstreetbets/comments/l82y7u/how_to_buy_gme_above_broker_limits/

I don't have enough knowledge to know if this is a good idea or if you are overpaying this way, but it makes it sound like it's an opportunity for people who still have resources tied up in RH to stay in on the action without waiting.

Also yes I used this method on AMC. That's how I'm up to 1400 shares after selling down to 500 and will be up to 2000 again on Monday on Robinhood.

(I am in the process on moving to E-Trade I just wanna make sure I hold AMC shares through this so I moved all of my free/expendable money first while holding AMC)

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I don't see AMC going back to 4 or 5 ever. The floor is just higher now. Bankruptcy off the table and theaters re-opening with increasing frequency makes it go up naturally. I made fun of Chris's army of calls on it because he opened them before the bankruptcy refinancing news but his logic behind the stock going up (aside from Disney buying it out which I still think seems a bit strange) isn't completely off. If you feel safe it can weather the storm it should go up.

And that's ignoring this huge free publicity it got as a hero against corrupt money and short squeeze x-factor. It's not going to rocket to $300 but it should make steady gains and eventually those shorts will need to get out.

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StartTheMachine posted...

Welp, I await to hear the take from investing genius Lopen!

AMC is actually worth buying as a non-squeeze stock at these levels so just hold. No reason not to hold. Worst case scenario it goes up to a modest $20 in a year or two, back what it was in 2018. Like there's no chance AMC goes out of business now. It and Gamestop are symbols against the greed of the upper echelon of American wealth at this point.

GME is obviously still overpriced in spite of this by several times over but AMC is safe here.

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Always set limits on your after hour buys via limit buy order

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INCEPTlON posted...

I do like working with kids by the way. Just the work is never done and youre always planning and thinking about the next big program or event.

So I know a few librarians on a fairly friendly level (my company does support for cities and counties which libraries fall under and I tend to get along with the librarians we deal with) and I've never heard them describe their job as "exhausting" I guess that's why the word choice seemed strange. Like for the most part the long time employees seem to love what they do with the only problem being the pay itself.

Like I guess hating children was harsh. But you have to really be passionate about it though and you may not be. Or you're burnt out or whatever. You just don't sound like other long term librarians I've met.

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I'm pretty sure if Doge reaches $1 it has higher market cap than Bitcoin and Dogecoin is subject to constant inflation due to how the currency works

Just so you know. If you buy Dogecoin at anywhere near this price it's probably going down. That's not to say it can't reach the nickel->dime level again someday but I figure this is close enough to its peak that it's not worth the risk.

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Yeah I think that's important, what KP said. If you find library work exhausting, and think working at a DMV would be less so (to me it sounds like it'd probably be way worse unless you hated children), you may not have made the right career choice.

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