Current Events > Stock Market General #11

Topic List
Page List: 1, 2, 3, 4, 5, 6, 7, 8, 9 ... 10
Tyranthraxus
01/29/21 10:02:57 PM
#201:


Background_Guy posted...
Will the GME squeeze happen?
No idea. There's also a danger that Melvin Capital will dissolve and who the fuck knows what happens to the shorts at that point.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
#202
Post #202 was unavailable or deleted.
ShyOx
01/29/21 10:04:17 PM
#203:


indica posted...
Yeah, that CEO gave no factual reason as to what they did. He was just talking out of his ass. It's obvious what they did was at the behest of their hedgefund investors. Fuck Robin Hood!

they dont have the credit to cover all of these purchases; they have their own clearing house.

what this plainly shows is just how many people are trying to buy right now.

---
... Copied to Clipboard!
CE_gonna_CE
01/29/21 10:04:59 PM
#204:


RAAAWWWRRR posted...
Alright gonna ask the common question as usual...

Is it still worth Buying Gamestop atm? Or sometime this weekend if it ever dips? I still regret buy not buying at least 2 or 3 shares. Man.. I should've started all of this last year. Literally investing was one of my 2020 goals yet was slacking. Glad i've finally joined the party rn though. Makes me asked myself why I haven't done this since HS (i'm 24 rn).
If the general rule of investing is to purchase shares in a company when theyre at a reasonable and potentially undervalued level and avoid overpaying for anything, then no - I would never seriously recommend buying GameStop now.

Hold your cash until there is a market crash or correction and then load up on shares of companies you like and just hold onto them forever.

Are there people making real, decent money on GME now? Well of course, certainly. But the hammer will fall at some point, and fall hard, and you dont want to be holding the bag when that happens.

I too wish I got into this way earlier than I did, but dont buy into hype. Buy in when the sky is falling, people are fearful of losing money on all stocks, and no one is buying anything. Prices will be lower, so think of it as a sale.

---
... Copied to Clipboard!
pogo_rabid
01/29/21 10:06:22 PM
#205:


Linus has joined the fight

Timestamped
https://youtu.be/Ic7NhQ62njg?t=951

---
Ryzen 3800x @ 4.3, 32 gig @ 4000, 1070ti, 970pro, Asus Strix x570-E
FC: SW-8431-3263-1243
... Copied to Clipboard!
Sniffindraws
01/29/21 10:07:55 PM
#206:


:O

---
Currently playing: DCS World
https://youtu.be/FjkSya4ZN8Y
... Copied to Clipboard!
Tyranthraxus
01/29/21 10:09:27 PM
#207:


ShyOx posted...
they dont have the credit to cover all of these purchases; they have their own clearing house.

what this plainly shows is just how many people are trying to buy right now.
They have their own clearing house but you're not necessarily trading with other people on Robin hood. Those people might go through different clearing houses and if they do it'll go through the DTCC who demanded 100% cash collateral for all GME, AMC, and KOSS once they realized there's literally no chance in hell Melvin can actually pay.

For reference, the federal budget is like 7 trillion or something like that. According to wikipedia, in 2011, the DTCC cleared $1.7 QUADRILLION IN WORLD WIDE TRANSACTIONS HOLY FUCKING SHIT WHAT THE FUCK HOW IS THIS EVEN POSSIBLE FOR A COMPANY TO BE THIS BIG

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
Returning_CEmen
01/29/21 10:18:36 PM
#208:


Did the Chinese Billionaires join the battle yet?
... Copied to Clipboard!
Tyranthraxus
01/29/21 10:19:39 PM
#209:


Returning_CEmen posted...
Did the Chinese Billionaires join the battle yet?
Yes, actually

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
Makeveli_lives
01/29/21 10:21:14 PM
#210:


Background_Guy posted...
Will the GME squeeze happen?
Monday if people hold. It'll hit 600 that day.

---
Switch FC: SW-3917-4425-6106
PSN: PiKappaPhi769
... Copied to Clipboard!
GoriIIa
01/29/21 10:28:53 PM
#211:


The date keeps getting further and further haha. Boring day for GME today, made it easy to hold at least!

---
f*** dean spanos
... Copied to Clipboard!
anttttt
01/29/21 10:30:13 PM
#212:


ugh why are no other sites as fast as robinhood to register

robinhood sucks and i can't put any more stocks into amc
... Copied to Clipboard!
Tactical_Spork
01/29/21 10:30:27 PM
#213:


Buy doge while its low kings

---
... Copied to Clipboard!
Tyranthraxus
01/29/21 10:32:38 PM
#214:


GoriIIa posted...
The date keeps getting further and further haha. Boring day for GME today, made it easy to hold at least!
Buy orders are outnumbering sell orders so it's still in a solid position

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
The_Korey
01/29/21 10:35:30 PM
#215:


Is Binance even usable for the UK? They had a Binance Jersey for us, but that got shut down.

Also, fuck Robinhood.

---
... Copied to Clipboard!
lilORANG
01/29/21 10:35:39 PM
#216:


Dark_Koopatrol posted...
Man, Dogecoin is plummeting fast. Are that many people selling it now? Why?

Because it's a meme crypto. It's been at under 1 cent since it was created (as a joke). It got some attention recently which bumped it up, but it's not a serious hold.
---
... Copied to Clipboard!
CommonStar
01/29/21 10:36:29 PM
#217:


pogo_rabid posted...
Linus has joined the fight

Timestamped
https://youtu.be/Ic7NhQ62njg?t=951
LOL We won't see Linus again after this. Poor Yvonne.
... Copied to Clipboard!
darkphoenix181
01/29/21 10:38:03 PM
#218:


If anyone lost money on doge, just hold it.

It will spike again because it is a meme.

Next spike, sell and get your money back or a little profit.

Like, the doge guys will always be trying to make it spike, you just gotta wait.

It always goes back down though.
... Copied to Clipboard!
GoriIIa
01/29/21 10:44:05 PM
#219:


Tyranthraxus posted...
Buy orders are outnumbering sell orders so it's still in a solid position

Yeah, I've been hearing murmurs of that! Awesome to see everyone else holding too.

http://isthesqueezesquoze.com/

short interest: 75.54% of float by Ortex, 113.31% of float by S3 Shortsight

This both interests and concerns me? I keep hearing different % short interest. Is short float % the same thing? Being sub-100% from 138% is big right? I also heard that it was 200% elsewhere, haha. I'm so lost.


---
f*** dean spanos
... Copied to Clipboard!
Tactical_Spork
01/29/21 10:46:44 PM
#220:


DOGE is a bad long term hold because its a joke crypt with functionally limitless supply and no use, but it has potential for quick turnaround rn as we saw yesterday. It seems like people end up using it to trade after the market is closed, and I do think well see a spike again when money transfers start to hit.

---
... Copied to Clipboard!
DandyQuackShot
01/29/21 10:55:44 PM
#221:


My picks for next week:

CCIV - Lucid Motors merger
SESN - BLA acceptance & EMA news
ADOM - EV penny stock on Nasdaq
ALYI- EV penny stock OTC trending up
PLL - EV needs batteries which means more lithium
AMC - sticking it to the man


---
... Copied to Clipboard!
The Trent
01/29/21 10:56:15 PM
#222:


https://www.cnbc.com/2021/01/29/app-robinhood-gamestop-class-action-lawsuit.html

---
i'm Trent B and i get respect
your cash and your jewelry is what i expect
... Copied to Clipboard!
anttttt
01/29/21 10:56:51 PM
#223:


good

free amc
... Copied to Clipboard!
Returning_CEmen
01/29/21 10:56:53 PM
#224:


Tactical_Spork posted...
Buy doge while its low kings
buy TRX instead.
... Copied to Clipboard!
AtelierRyza2462
01/29/21 10:57:40 PM
#225:


GoriIIa posted...
The date keeps getting further and further haha. Boring day for GME today, made it easy to hold at least!

I think things are just healing from yesterday.
... Copied to Clipboard!
Conker
01/29/21 10:59:04 PM
#226:


I keep buying at the dips for Doge waiting for the spikes but they arent coming at all tonight. Patience is hard but this is just extra money Im hoping to use on GME and AMC Monday.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Vigrim
01/29/21 11:00:08 PM
#227:


GoriIIa posted...
The date keeps getting further and further haha. Boring day for GME today, made it easy to hold at least!
The shorts have to pay heavy interest on each day now, just gotta be patient and wait for their legs to buckle or for them to get margin called.

---
... Copied to Clipboard!
kage_53
01/29/21 11:01:12 PM
#229:


Hold GME no matter what! I lost $189 of it today but I am not selling. If nobody sells, it will be over a $1000 on next Friday.
... Copied to Clipboard!
ToPoPO
01/29/21 11:12:29 PM
#230:


Seeing dumbasses go "hurr you guys are going to have to face the consequences of this!!! while sucking Warren off"

just reeks of jealously and ignorance
... Copied to Clipboard!
Tyranthraxus
01/29/21 11:20:26 PM
#231:


When Robinhood goes public so you buy puts for robinhood on robinhood



---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
Conker
01/29/21 11:21:58 PM
#232:


Real talk here, please only respond to this if you know wtf youre doing (aka: you already knew what a short was before this week and have traded options before):

At what realistic price could you short everyone buying into GME now and bank? The puts are expensive, but theres a strike price that a couple weeks from now will be ITM. Everyone is too busy buying up the price and Im sure the smart hedges are now buying their puts for the crash lol

Its of course speculative but where is the stable price? Before this all happened it was trending towards $25-30, with the rejuvenated brand recognition from new gen consoles and the stock push, Im sure itll stay up after the squeeze, but how much?

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Tyranthraxus
01/29/21 11:27:14 PM
#233:


Conker posted...
At what realistic price could you short everyone buying into GME now and bank?

Anyone who does this while it's still over 100% shorted should not be allowed to interact with money ever again.

Conker posted...
The puts are expensive, but theres a strike price that a couple weeks from now will be ITM. Everyone is too busy buying up the price and Im sure the smart hedges are now buying their puts for the crash lol

You already know the price ITM in a couple weeks? Can I get your crystal ball? Can it tell me what's ITM for anything or does it only work on GME.

Conker posted...
Its of course speculative but where is the stable price? Before this all happened it was trending towards $25-30, with the rejuvenated brand recognition from new gen consoles and the stock push, Im sure itll stay up after the squeeze, but how much?

Since you already know it'll be ITM who cares?

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
ShyOx
01/29/21 11:36:34 PM
#234:


How bout an explanation of ITM and OTM for us dummies :D

---
... Copied to Clipboard!
Conker
01/29/21 11:37:21 PM
#235:


@Tyranthraxus

Read better please. I literally just said what has to happen, theres a strike price that in a couple weeks will be in the money. That HAS to happen. That isnt saying what that strike price is like you thought you read.

One of the puts will be ITM, its a matter of buying the right one...Im just having a conversation to speculate on where that might fall based on the previous highs before this bubble started.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Tyranthraxus
01/29/21 11:39:13 PM
#236:


ShyOx posted...
How bout an explanation of ITM and OTM for us dummies :D
ITM = strike price is lower / higher than market price for calls / puts

OTM = the opposite, you will only lose money by exercising the option. Before today I'd have said there's literally never a reason to do this but things got fucky.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
CE_gonna_CE
01/29/21 11:39:34 PM
#237:


Dogecoin = the Dan Hibiki of crypto.

hold forever

---
... Copied to Clipboard!
Smashingpmkns
01/29/21 11:40:08 PM
#238:


The real question is what is going to happen to my Robinhood Gold sub when Robinhood goes under?!

lol jk
---
... Copied to Clipboard!
SF_Okami
01/29/21 11:41:15 PM
#239:


I sold my doge, wait til it dipped more, and bought back in.

lets goooo

---
~Bird Pokemon Master~
Latest Pickup: Ksubi "Smoked Out" Denim
... Copied to Clipboard!
ShyOx
01/29/21 11:46:51 PM
#240:


Tyranthraxus posted...
ITM = strike price is lower / higher than market price for calls / puts

OTM = the opposite, you will only lose money by exercising the option. Before today I'd have said there's literally never a reason to do this but things got fucky.

Aye I'm reading about calls and puts now. Reminds me of come and don't come bets in craps

---
... Copied to Clipboard!
ShyOx
01/29/21 11:47:32 PM
#241:


Seriously f*** Robinhood, they're completely screwing us.

---
... Copied to Clipboard!
Ving_Rhames
01/29/21 11:48:29 PM
#242:


Wat they do now

---
the real Irving Rameses
https://imgur.com/A7f6F9h
... Copied to Clipboard!
ShyOx
01/29/21 11:55:25 PM
#243:


Ving_Rhames posted...
Wat they do now
Well they stopped and then limited the shares, so I can't use my buying power to buy any stocks I want lol

THEN they halted all crypto trading right as it was booming. I have money I can't even use and can only watch it drain out aside from holding.

---
... Copied to Clipboard!
NeonOctopus
01/29/21 11:56:44 PM
#244:


I have GME stocks in Robinhood. Say I open a Fidelity account and start buying stocks in GME there. Then I transfer my stuff from Robinhood to Fidelity. Will they add the stocks together or will one total "overwrite" another? >_>

---
... Copied to Clipboard!
anttttt
01/30/21 12:01:38 AM
#245:


i think you should stay because there's a $75 fee for transferring to your bank

i'm just making a fidelity account in the event the restriction isn't lifted by monday and running both at once
... Copied to Clipboard!
3PiesAndAFork
01/30/21 12:04:09 AM
#246:


Would the money people are putting into RH clear over the weekend? I'm reading business days, which means if there is going to be a spike in dogecoin from the robinhooders it's not going to be until Monday at the earliest.

---
@('_')@
... Copied to Clipboard!
CM_Ponch
01/30/21 12:06:55 AM
#247:


What does Robinhood have to gain by fucking over Doge

---
SW-8316-3213-4720
... Copied to Clipboard!
Lebronwon
01/30/21 12:11:13 AM
#248:


CM_Ponch posted...
What does Robinhood have to gain by fucking over Doge

What did they do?

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
Tactical_Spork
01/30/21 12:14:46 AM
#249:


ShyOx posted...
Well they stopped and then limited the shares, so I can't use my buying power to buy any stocks I want lol

THEN they halted all crypto trading right as it was booming. I have money I can't even use and can only watch it drain out aside from holding.
They didnt halt crypto, they just made it so you cant buy it with the imaginary money they lend you until your real money actually transfers over

---
... Copied to Clipboard!
Conker
01/30/21 12:17:21 AM
#250:


CM_Ponch posted...
What does Robinhood have to gain by fucking over Doge

They arent fucking over Doge. They just arent allowing pre-settled cash to be used to buy Crypto right now because they dont have the cash on hand to float you right now. So you have to actually have the money processed in your account. Its like you handed them a check...the check has to clear now. Before it didnt but they were hit all at once from the meme stonks and crypto. Elon gets his laugh.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Fossil
01/30/21 12:21:19 AM
#251:


DandyQuackShot posted...
CCIV - Lucid Motors merger
I had them pegged for a new SPAC to watch in December but I was watching 10 different potentials. Then out of nowhere they started to shoot up with no news or anything. I very easily missed out buying in at $10, but I had no way of knowing. Sucks.

Also, I discovered I had a bitcoin wallet from back in 2014, lol. I highly doubt there's anything on it. I only mined dogecoin for a month or so, but don't recall ever doing anything with bitcoin. But hey who knows, maybe I'm a millionaire. *eyeroll*
... Copied to Clipboard!
Topic List
Page List: 1, 2, 3, 4, 5, 6, 7, 8, 9 ... 10