Board 8 > Stock Topic 14

(+) Yeah! (+)

Lmao @ Nanis

So whats the plan with AMC? Still expected to blow up later in the week, or should we be content with this 10% gain?

Dont know if I should sell or buy more now that I have funds.

I think AMC is a good buy still.

I think it's a either it stagnates or pops situation. I have a ton of covered calls running on it

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Sunroof posted...

Red Sox, what did you buy GME at that made you not sell it yesterday?

Average price is now around $80. Well, around $66 if you include previous profits on GME. But the question is sort of irrelevant. I'm selling or not based on where I think it's going in the future, not where it's been in the past.

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It did hit my first sell limit order for today already, at $100. Hopefully it can hit some of the more ambitious ones as well.

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Cant believe you had the restraint for not sell it all yesterday. I would never have been able to, lol.

In hindsight, I should have sold it all above $150 and bought back in in the 60s. But the even better decision would have been investing more back in December at $20 and then holding past January 13. But hey, everything is easy with hindsight.

As far as being calm goes, it sure helps when SPCE is putting up stellar numbers.

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Up another grand today

Not going to lie part of me wants to sell out and go with less stressful investments.


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So the interest rate on borrowing GME stock on iborrowdesk is up to 83% from 33% yesterday. That kind of interest may turn the screws on the shorts.

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Man I sold some AVCTW that I'm legit expecting could 3x next month, assuming all the million dollar insider buys were on future news, just to get in bigger on AMC.

And this is what I get. Bleh, the good thing is volume on AVCTW is a joke today so I can likely buy back cheaper than I sold it. But gotta make profits on AMC first this week

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Hot damn, should've thrown this money at KERN

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Sold AMC for about $500. Im all clear now aside from BAND. Need to put it in something else!

Oh Chamath Palihapitiya tweeted that he bought GME $115 calls expiring this week. So that's what caused that move from $81 to $93 in 5 minutes.

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Took my $7 calls off the table to reduce my gain from sold calls from $1500 to $1000

Just don't want those things held if AMC goes on a run.

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What a day for SPCE. +16% and this is now my biggest winner by dollar amount.

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Moonroof you gotta try this long term holding thing. +17% today on a position that's become 30% of my portfolio (SPCE) and i'm not feeling any stress about whether I should sell. Because I believe this is going much higher.

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I thought BB was going to have a good day.

Yeah red, learning to hold is my biggest opportunity for growth. I cant expect big gains by selling after one day.

Dark, we thought it would go up but theres never any way of knowing for sure. I dont know how it will do in the future, but I wouldnt expect it to be anything like GME or even AMC at this point.

Time to throw 10k at this AMC dip

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I dont know if I believe in AMC anymore

Getting a no openning complex options error on GME now. Anywone know whats going on with this?

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Sunroof posted...

I dont know if I believe in AMC anymore

You already sold it so who cares

See you at $7 on Friday

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Sold a bunch and moved it back into my index fund.

Still have these two gamestop 90 calendars hanging around.

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You wish, Lopen! Ill show you

masterplum posted...

Getting a no openning complex options error on GME now. Anywone know whats going on with this?

Probably there's no liquidity right now.

We got to $114 there before the momentum was stopped by a trading halt. Hit my second limit sell order of the day. I feel like without these halts the stock would have reached the moon by now.

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GME taking off

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I cant even. This has got to be a record for most insane run of all time, right?

$120 breached!

Sunroof posted...

I cant even. This has got to be a record for most insane run of all time, right?

Northern Pacific in 1901 and Volkswagen 2008 for fastest surge. Possibly other short squeezes that happened to smaller companies or aren't as famous. But we might set a new record.

I thought setting $150 as my "safe": get out to cover my principal was greedy but man do i get even greedier?

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I've sold at $100, 110, and 120 today to try to lock in some safety. Have limit orders at various points all the way up to $1000.

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My feeling is that shorts have made things worse for themselves by not giving up earlier. If they had panicked on January 13 when it ran from $20 to $38, and started covering en masse, it probably wouldn't have run beyond $150 before peaking. Last Friday, when it ran from $43 to $76, they were probably not getting out in a rout scenario at less than $250. Now.....if the big squeeze happens I don't think it's peaking under $400. Maybe much higher.

They don't want to start covering because they know their own buying, in a large enough volume to make a dent in their cavernous bags, will send the price skyward. But the longer they hold out the worse it's going to get. Unless something happens soon to break GME shareholders' belief that their stock is worth much more than the current price.

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I'm nearly out of GME at this point. Made a safe $4000 or so. It's going to crater at some point, and its now just a question of when.

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I have like 700 AMC shares >_>

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It has nothing to do with the stock and everything to do with shorting as a practice being stupid

It'll be a hard lesson to learn but they'll get it done

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Yeah, shorting always seemed dumb to me. I think this whole thing is silly, but the only real dumb players are the shorters and the people buying GME for the first time right now

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Gamestop bullish analysis - please take with a HUGE grain of salt - this is fueled with hopes and dreams:

People like to compare things to Blockbuster. Well, I've got my own comparison that's about as relevant as the Blockbuster one: Berkshire Hathaway.

In the 1960s, Berkshire Hathaway was a failing clothing manufacturer in New England. Can you imagine, a clothing manufacturer in the United States? They had formerly had 11 mills and had already closed 9 of them. The market thought the business was collapsing, as it was. But they did have something, which was rather a significant amount of capital saved. Capital that they weren't investing well, as their clothing manufacturing business was collapsing.

But Warren Buffett saw the opportunity, and he bought a majority stake in the company. The price was something like $11 a share. He turned the company from a clothing manufacturer to an investment holding company. And now the stock price is $349,962.

Gamestop also has an activist new board member who has acquired a significant stake in the company. That person also has a history of investment/business success. And he is also targeting a radical shift in the business model.

Now ask yourself: which is worth more, Gamestop or Nikola? Nikola is by all appearances a fraudulent company with no product, no sales, and no revenue. Yet the market values it at over $9 billion. Gamestop right now, near $120/share is still only at $8 billion.

I retract what I said a couple of weeks ago about the stock not being worth more than $34 as a business. I think I sort of just assumed the analysts couldn't be that far wrong on that. But as long as the market thinks stuff like Nikola is worth $9 billion, Gamestop should be worth more than that.

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In that assumption Nikola is fairly priced, which I would say is laughably incorrect

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I'm seeing randos showing up buying GME as their very first stock now.

We are in Beanie Baby territory. It might not be today, but this is going to crater hard.

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Well I guess I feel better about potentially holding some shares if it crashes before I hit the rest of my exit points. I also think Nordstrom is fairly comparable, and probably reasonably priced, and they are a $6 billion company.

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red sox 777 posted...

Well I guess I feel better about potentially holding some shares if it crashes before I hit the rest of my exit points. I also think Nordstrom is fairly comparable, and probably reasonably priced, and they are a $6 billion company.

This just isnt an applicable comparison because those stocks are held by people who want to hold stocks. The demand is being fueled by people who are on the stock market

The demand for GME is fueled by memes and greed. That is going to evaporate when people pull out.

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Nordstrom actually turns a profit I don't understand the comparison

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masterplum posted...

This just isnt an applicable comparison because those stocks are held by people who want to hold stocks. The demand is being fueled by people who are on the stock market

The demand for GME is fueled by memes and greed. That is going to evaporate when people pull out.

I think people in GME see it as a tremendous short squeeze opportunity. I don't think this is primarily a FOMO run, and also I'm fairly confident that the vast majority of long stock now held was acquired at levels far below here. And of course it will collapse after the peak of the short squeeze is reached, but it could start collapsing from levels far above here.


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Lopen posted...

Nordstrom actually turns a profit I don't understand the comparison

Don't think they do? Google has a P/E ratio of -- which means there is no profit.

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red sox 777 posted...

I think people in GME see it as a tremendous short squeeze opportunity. I don't think this is primarily a FOMO run, and also I'm fairly confident that the vast majority of long stock now held was acquired at levels far below here. And of course it will collapse after the peak of the short squeeze is reached, but it could start collapsing from levels far above here.

No. The people who took it to 20 saw short squeeze opportunity. The people who took it from 80 to 120 are in just because

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Meanwhile I have quadrupled my money with amc without the insanity.

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$28k AMC, $4.64...

I have said all along long calls are my game and so far so good!

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masterplum posted...

No. The people who took it to 20 saw short squeeze opportunity. The people who took it from 80 to 120 are in just because

It was a once in a lifetime buy at $4, a great buy at $20, and a good buy at $80. Yes, someone will eventually pay too much - maybe the people who bought at $158 yesterday - but until the short squeeze happens (that is, short sellers actually cover) that is a reason to buy the stock.

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You look at pre-covid earning numbers for Gamestop vs Nordstrom and their stock price trends before Covid and you've got two completely different stories even if Nordstrom is running at a (very small) loss right now.

I just think it's disingenuous or ignorant to compare the two. People were humoring Gamestop going bankrupt before Covid. Nordstrom was not at any sort of similar risk. It had a bit of a down year in 2019 but it's still not even reached its pre-covid number yet. GME is meanwhile over 4x their 5 year high currently.

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