Board 8 > Stock Topic $eventeen

(+) Yeah! (+)

We are amidst history in the making, but on which side?

They hold all the cards I just hope I make some extra money that would be amazing

We HODL all the cards except the ones we panic sold

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tag

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Holding the line on AMC

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In non-insanity news and mere normal insanity news, Novavax is up 30% AH, which should put me at a healthy gain there.

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dammit Moonroof why do you always make these so early

I just had a stock topic 17 with a much better title ready to go, since I figured recent events were worthy of a politics containment style subtitle

this is a bigger problem than your paper hands quite frankly

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red sox 777 posted...
Based on the short interest data I've seen, it seems as though short interest has barely moved at all since this started. The data I've seen admittedly is either slow, or incomplete. Iborrowdesk only covers IBKR, but they were showing 0 shares available to borrow all day today, meaning they've all already been borrowed. I think it's fairly safe to say think that the short interest is still in the stratosphere.

Well, I think the short interest is still there - but I'm starting to wonder if settling it will actually have the impact we thought it will if that level of volume is already normally happening?

There's no reason to think they have to settle all the short interest at the same time, right? If they had to settle they theoretically could have done it already, so when they actually do it, why would it push the price that much

If I'm thinking along the right track then the $200-400 range is where we will peak, but maybe I'm missing something

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StartTheMachine posted...

politics containment style subtitle

I kinda like that these topics don't use the subtitle thing to be honest

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CoolCly posted...

Well, I think the short interest is still there - but I'm starting to wonder if settling it will actually have the impact we thought it will if that level of volume is already normally happening?

There's no reason to think they have to settle all the short interest at the same time, right? If they had to settle they theoretically could have done it already, so when they actually do it, why would it push the price that much

If I'm thinking along the right track then the $200-400 range is where we will peak, but maybe I'm missing something

They have to close the position if they get margin called. That happens if the total value of their portfolio falls below some level. Their broker will force them to close the positions as a further move in price against them will bankrupt them leaving the broker with liability to pay the difference.

According to Chamath, hedge funds have already been doing this, but by selling their long positions rather than closing shorts (because they are afraid buying the short stocks will send the prices soaring even faster). His data is that amount of position closing done by long/short funds is already nearly at the level of March 2020, when the whole market crashed and then zoomed up. But the belief is that the actual closing so far has been mostly in the long positions. That was probably the reason the market in general fell yesterday a lot yesterday as GME and AMC soared.

https://twitter.com/chamath/status/1354883155279237123

The reason it surges skyward is that when it gets bad, shorts will have to compete to get out first. If you are out early, you don't lose as much. The more you wait, the worse it gets. So once a short fund decides there's no way out, that the squeeze will happen, then it's in their interest to be the first to start covering. So there's a mad rush for the exits, like a crowded theater on fire.

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I think its funny that we kind of have 3 different leves of investment in this topic. Some people have 100k in AMC some people have 3k in AMC, and some have like 300 in AMC

but we are all together rooting for AMC

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And we are back over $300 on GME in after hours.

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AMC near 13 too.

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Lopen posted...

I kinda like that these topics don't use the subtitle thing to be honest

I only wanted it to be a one time thing! Because yeah, we don't need subtitles here. They only work in a moment like this where we're all working as a collective unit to make money. Spoilers:

My topic title was just: Stock Topic 17: The Bulls of Main Street

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masterplum posted...

I think its funny that we kind of have 3 different leves of investment in this topic. Some people have 100k in AMC some people have 3k in AMC, and some have like 300 in AMC

but we are all together rooting for AMC

We also have people of different political affiliations, like red sox and Chris, just like we have AOC all the way to Ted Cruz fighting against the brokers clearly manipulating the market to do the bidding of hedge funds

Unity in America. You love to see it

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Omg this is unreal. Shouldve gotten in GME too lmao all hail the stubborn investors!

okay these are going by so fast i can't lurk anymore.

but let's go AMC, NOK, and dogecoin.


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Disclosure time.

I own calls expiring on 1/20/23 at an average cost of 1.63 per - 120 calls

Today I bought 5000 shares at 9.02 average

I have sold off a good amount of business stock at 10% under market value to afford all this.

My. body. Is. Ready.

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StartTheMachine posted...

We also have people of different political affiliations, like red sox and Chris, just like we have AOC all the way to Ted Cruz fighting against the brokers clearly manipulating the market to do the bidding of hedge funds

Unity in America. You love to see it

Chris and I actually agree on a lot of things in politics. Much more than we disagree on, I think.

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I am very civil towards red sox to boot, we are not polar opposites on all issues.

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I remember when I very first made these topics we had only a few people participating. Now we are unstoppable. And it took all of our collective efforts, some more than others, to get where we are!

congrats on your doge, chris.
if this keeps up you'll be a millionaire from a meme coin.

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OK, so, I have an account in Fidelity. Is buying/selling stocks really as simple as

• (do some kind of research into stocks)
• Pick company
• Buy some shares (you should only buy into as much as you are willing to lose)
• Watch share values
• If value go up enough, sell
• get money???

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Chris you have Doge too?

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I have 30000 shares in DOGE.

I want to keep putting money into it.

Should I?

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Yeah

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red sox 777 posted...

Chris and I actually agree on a lot of things in politics. Much more than we disagree on, I think.

Ideologically I know this is true, but you were also a pretty fervent Trump supporter which Chris clearly was not. Just happy to see Americans like yourselves united behind eating the rich. But yeah, I know you liked Bernie too

Anyway GME red to green! Fuck the moon, I hope you land on Mars tomorrow

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I think eating the rich is the thing me and red sox for sure agree on most.

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So I balanced my bills for February and determined I have $200 that I can live without.

Should I put that in AMC? And if so what is the best website/app to use? Clearly not RH.

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Guys, MOST IMPORTANTLY

We are all $3.70 away from Moonroof making us all $50 richer

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FD, want a serious answer?

https://www.walmart.com/ip/Pokemon-TCG-Zacian-Zamazenta-Ultra-Premium-Collection-2-Special-Gold-Versions-2-Metal-Coins/202026856

Buy two of these, they will be worth double in 6 months.

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Don't mind me over here, just plodding along dollar cost averaging mutual funds...

I love that all this craziness is happening. Best of luck to everyone involved. For me, I'm happy to check my accounts twice a year and know I'm going to have a nice, big, no stress nest egg when I'm ready to retire.

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masterplum posted...

Guys, MOST IMPORTANTLY

We are all $3.70 away from Moonroof making us all $50 richer

If you all don't immediately reinvest that money back in AMC you're all lamers

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Seanchan posted...

Don't mind me over here, just plodding along dollar cost averaging mutual funds...

I love that all this craziness is happening. Best of luck to everyone involved. For me, I'm happy to check my accounts twice a year and know I'm going to have a nice, big, no stress nest egg when I'm ready to retire.

your money is doing the work for you, thats better than such a massive amount of people

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StartTheMachine posted...

If you all don't immediately reinvest that money back in AMC you're all lamers

Mine is going to the mighty Doge

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I have $76k liquid. Recs? Id like to see how things end with AMC and the market overall first, of course, but just wondering if people think Doge is a serious option after tomorrow open, or another stock?

Sunroof posted...

I have $76k liquid. Recs? Id like to see how things end with AMC and the market overall first, of course, but just wondering if people think Doge is a serious option after tomorrow open, or another stock?

I would put it all in doge right now, its cyrpto you dont need to wait~

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Also whats the ticker for DOGE because I am seeing multiple with more letters after, but none with just DOGE

Do not actually buy Doge

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don't listen to plum, he is very anti crypto

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Seanchan posted...

Don't mind me over here, just plodding along dollar cost averaging mutual funds...

I love that all this craziness is happening. Best of luck to everyone involved. For me, I'm happy to check my accounts twice a year and know I'm going to have a nice, big, no stress nest egg when I'm ready to retire.

Now this sounds like the kind of action I'm interested in

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https://www.reddit.com/r/Wallstreetbetsnew/comments/l7d323/amc_might_skyrocket_tomorrow_short_squeeze

Everybody upvote this thread. I mayyyy have exaggerated in my post on there but bring on the hype

I also may not sell until 50 if it appears it's happening sooo didn't exaggerate that much!

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neonreaper posted...

Mine is going to the mighty Doge

Yes buy Doge
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also if anyone wants a more calm investment you can invest in my small business so that I can do crazy things like buy 2200 tins of hidden fates again.

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Doge is hilarious but seems like a great way to lose money quickly. Or gain it quickly. Is it really just a joke thing that causes it to actually be profitable?

I mean its +300% today

Thats pretty profitable
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I meant starting now

it has gone up .6 cents since I told you to invest.

that's 15% or so bud

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I cant get In until open tomorrow

Doge is going to meteorically rise and then crash just as hard

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