Board 8 > Stock Topic 14

(+) Yeah! (+)

Damn pre order bonus business is HOT

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If this is the power of WSB it's just a matter of time before they do it to AMC imho

I need to free up some money

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Hmm, looks like it reversed hard off of $160. Must be some big holder of stock taking profits.

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red sox 777 posted...

I have limit sell orders at $400, $650, and $1000. I may end up selling earlier if I get too skittish later.

You're a madman. I salute your bravery!

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red sox 777 posted...

Hmm, looks like it reversed hard off of $160. Must be some big holder of stock taking profits.

i saw one dude in there who is up 11 million. Might be his time to retire

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I mean I probably will sell earlier. I just have those in place in case it squeezes hard while I'm not looking as I do have to work (from home) pretty soon. I know the Northern Pacific corner went from $150 to $1000 in like a few minutes so I don't want to be on the other side of the rocket launch by the time I'm aware of what's happened.

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red sox 777 posted...

I know the Northern Pacific corner went from $150 to $1000 in like a few minutes

holy fuck, even in crazy squeezes I did not know such a thing was possible

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Halted again


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StartTheMachine posted...

holy fuck, even in crazy squeezes I did not know such a thing was possible

Well, that was 1901, so all the trading was being done by people on the floor of the NYSE. I don't know if it could still happen like now but in case it does, best to have a limit order in place.

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In non-insane stock news, EVRI is below $13 again. I recommend you guys get in on it.

Halted again and seems to be collapsing now.

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In fact, the whole market seems to be collapsing now.

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Yikes. Shouldve sold AMC at 4.80 when I had the chance

Om nom nom give me those cheap AMC calls

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All those gamestop margin calls gotta come from somewhere

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I wonder if Wall Street is having to mass sell other investments to cover their GME losses.

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Hope you made money red sox! You gotta get in and get out of those kind of stonks fast

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I lied it's pumping again

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I've been surprisingly calm this morning. I think it's because I have a small enough percentage of my portfolio in GME that even a complete loss wouldn't be too devastating.

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If my check cleared to get me day trading I would be kind of tempted to try to keep buying at 90 and selling at 110

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masterplum posted...

If my check cleared to get me day trading I would be kind of tempted to try to keep buying at 90 and selling at 110

I've been buying and selling $5 AMC calls like this all morning.

Buy at .70, sell around 1

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ok i was literally clicking sell on my everything so i can bet it all on gamestop and my broker went down with a technical difficulty page that i've never seen before

they did this for my own good

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Now that's a lucky break, Cly! Here comes the Gamestop panic sell.

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This has been a really great morning to learn some things for my students (I literally teach a finance class and was clueless about short squeezes). Honestly my favorite thing about this is like 10% of the WSB profits will go to onlyfans.

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I'm just looking at it on my watchlist for shits and giggles, and it unhalted for...I'm gonna say 30 seconds before halting again

Lmao

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What even caused the panic sell?
Imagine what happens if WSB is shutting down...

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I think tens of millions of shares were bought today, but i wonder if this actually means a good portion of the squeeze happened, or if this was all just hype buying because of friday

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If you're on the board at Gamestop, are there rules against just like...selling all your shares? I'm sure there are for the CEO but what about the lesser guys?

My name is Reggie, and I'm about kicking ass and selling high

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You know, I really don't need this level of volatility in my life. Went from a moderately profitable day at open to my most profitable day ever and then into the red in about an hour and a half. Weirdly enough after all that I am currently a little in the green for the day (though red on Gamestop), and if the market closed now would be at an ATH for closing prices.

If I was being totally objective I would probably be more aggressive and buy more GME but I think this is about as much as I can handle emotionally before starting to risk bad decisions.

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I did it, its stupid and its dumb but I bought 65 GME at $71

I set a 35 share sell order at $150 and another 30 shares at $500. i dont expect these to trigger (especially the second) but if it goes that high I do want it to go off

I'm not going to panic sell until at least february begins and I have solid info that the peak has passed, but i'll revisit profit harvesting at some points as it goes up

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CoolCly posted...

I did it, its stupid and its dumb but I bought 65 GME at $71

I set a 35 share sell order at $150 and another 30 shares at $500. i dont expect these to trigger (especially the second) but if it goes that high I do want it to go off

I'm not going to panic sell until at least february begins and I have solid info that the peak has passed, but i'll revisit profit harvesting at some points as it goes up

what

You do not want to hold that stock until February. The actual value is like $7. I know the WSB gang is crazy, but it won't stay at these levels long. I doubt it will be there next week. Eventually it'll crash and they'll find a new stock to pump.

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I just realized that February is in a week lol, I'm a bit of a dolt and was thinking you were talking about holding for like a month. Nonetheless I wouldn't want to hold that thing for more than a couple days.

I'm not against these kinds of plays because I've done them successfully, just saying that you don't want to be the guy holding the bag. This thing will end very, very badly for those people.

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i bought 20 at 58 last week and sold 10 for 140 today.

Made a profit and have 10 free shares that i'm gonna just let ride.

I bought 1000 amc at around 4.15 average and sold 10 calls for about .70 a share. Trying to debate what i want to do for buying calls with amc still. I was thinking June with a 5.5 buy thats 2 dollars a share. I'm so hesistant to spend almost half the price of the stock on a call. March is only 40 cents cheaper per share for 3 less months though

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hah yeah when i said that i actually meant the end of the week, i'll revisit next monday (Feb 1) if I haven't sold before then (though I would really love to be out well before then)

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https://twitter.com/LaMonicaBuzz/status/1353768938883207168

According to this source, shorts are covering but are being immediately replaced with new shorts, preserving the sky high short interest. I guess the new shorts have a breakeven point at a much higher level, but, on the other hand, they've had to put up much more margin to start with.

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It kinda makes sense. The assumption is that it WILL go down eventually (we all know this) so they keep doubling down on shorting. It's bold but it seems foolhardy to think it will work *this time*.

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I don't understand shorters
Sure, GME is a overvalued bubble (and isn't worth more than $10 at best) but it's momentum is so strong so if you decide to gamble why not join the fun?
This is much more likely to rise than to fall, and the reward for rising is much higher than the potential crash
I mean, I don't see GME going down 30% in one day, but I can see it going up over 60% (and happened today)

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Hedge fund compensation has something to do with this I think. A hedge fund manager usually gets paid each year, 2% of assets under management and 20% of profits over some benchmark. But they don't receive negative income if the fund loses money or even if it suffers a 100% loss. It's in the manager's interest to take aggressive risks because he participates heavily in the gains but not as much in the losses.

I doubt many of the fund managers would be willing to short GME if it was for their personal account.

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As long as you can afford to cover and not get closed out of your position via a margin call, isn't shorting GME just like a guaranteed win in the long run? All you have to do is hold/cover until it happens.

I've never shorted so I could be wrong about how this works

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StartTheMachine posted...

As long as you can afford to cover and not get closed out of your position via a margin call, isn't shorting GME just like a guaranteed win in the long run? All you have to do is hold/cover until it happens.

I've never shorted so I could be wrong about how this works

No. Even ssuming you short at a high enough price point where it eventually drops below that. (Like say you short at $60 a share and it hits 50 in 2 weeks) its possible that the interest you are paying outweights any gains you make

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Also, you have finite capital no matter who you are. There is no theoretical upper limit to how high the stock can go. VW became the world's most valuable company at the top of the squeeze. Supposing you do have enough capital to ride it out, you are going to be risking a massive amount of money to make a little. You could do other things with that capital, like, buy stocks.

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Colegreen_c12 posted...

No. Even ssuming you short at a high enough price point where it eventually drops below that. (Like say you short at $60 a share and it hits 50 in 2 weeks) its possible that the interest you are paying outweights any gains you make

Ahhh right, I didn't even think about the margin interest. Yikes

Makes sense. But I am still mad at you guys for telling me not to short Hertz when they went bankrupt, the biggest slam dunk duh short in the world!

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i personally would buy puts over shorting any day of the week cause i dont like infinite downside lol

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Time for AMC to get its weeklong run of 30%+ gains each day...

Hope it's week-long 10% gains I don't really wanna sell my shares for $7 let's get up to $6.90 instead.

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Thursday/Friday should be the big day of the squeeze. I'm excited. Still haven't sold GME.

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diamond hands rocket to the moon

am i doing this right

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For real though this AMC thing looks interesting but I haven't really been looking into the details behind what you guys were saying last week, looks like you guys had a good insight on that

I'll just buy in next week when it's too late like with GME

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Anyone making any moves with Nokia?

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I ended up buying back all my GME shares from January 13. This could end up very good or quite bad. I think tomorrow if it's green I am going to be less aggressive than today and sell a good portion at price levels that I didn't sell at today.

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