Current Events > Stock Market General #11

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Esrac
01/31/21 12:16:34 AM
#402:


AtelierRyza2462 posted...
Keep holding, well be moonside in no time.

Yeah, I really don't expect AMC to get that high.
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Admiral_Zero
01/31/21 12:54:31 AM
#403:


Ill have that squeeze squoze site opened in another tab and will refresh once in a while. When it does show that the squeeze was squoze, how much time do I have to sell while the iron is still hot?

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Vigrim
01/31/21 12:58:40 AM
#404:


Admiral_Zero posted...
Ill have that squeeze squoze site opened in another tab and will refresh once in a while. When it does show that the squeeze was squoze, how much time do I have to sell while the iron is still hot?
Could be seconds,minutes,hours,days, nobody knows.

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SCCAN85
01/31/21 1:17:41 AM
#405:


I could see GME realistically getting over $500 and AMC at $40. I really hope BB goes to $30 or higher and stupid Doge goes to a dime.

Never been this excited for a freaking Monday

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TheDarkCircle
01/31/21 1:42:20 AM
#406:


Im $1000 in on amc, DIAMOND HANDS MOTHAFUCKERS!!
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#407
Post #407 was unavailable or deleted.
ShyOx
01/31/21 2:18:25 AM
#408:


AngelsNAirwav3s posted...
I think the clearing house/broker will then be on the hook for filling the orders. I really hope they dont just disappear lol

then that's RH. And they already have huge capital issues.

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kage_53
01/31/21 2:35:33 AM
#409:




Anyone know whats causing? Ive been trying to create an account all day but keep getting this message.
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ShyOx
01/31/21 2:52:26 AM
#410:


kage_53 posted...


Anyone know whats causing? Ive been trying to create an account all day but keep getting this message.

Everyone else had the same idea as you is what's up unfortunately.

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NeonOctopus
01/31/21 7:27:04 AM
#411:


kage_53 posted...


Anyone know whats causing? Ive been trying to create an account all day but keep getting this message.
I made my account during 1am on my night shift yesterday and it was smooth lol. idk why it isn't now

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Lebronwon
01/31/21 8:38:02 AM
#412:


whitelytning posted...
GME isn't going to get above 400 Monday if limits are still imposed on retail.

I sold 8 of my last 10 shares Friday right before the market closed because until it's clearer what the major brokerages are going to be doing next week it's a much more risky position to hold in the 300s than it was a week ago for under $100. There is much more downside.

This week has shown that there are factors in play that people didn't anticipate. There were major problems on the backside of the market that were not anticipated and don't look like they will be changing for the better. The short interest is coming down and the entire world is watching what's happening while they have limited new demand from retail. Its like a new pressure release was added.

There is still a decent chance GME does squeeze up in the next week or two but a whole set of new risk was inserted into the marker last week and the path forward has become much less clear.

I want to be able to buy back in but not at the current price. I think a drop into the low 100s will happen before 1000 if retail can't buy shares still.

Retail can still buy GME on several brokerages. As far as I know RH was only one that made their restrictions include stuff like AMD, GM, SBUX, INO, MRNA, and CCIV.

They changed their restrictions again now the only stuff restricted as of time of this post on RH are GME, KOSS, AMC, EXPR, NAKD, GNUS, BB, and NOK.

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emblem boy
01/31/21 8:43:23 AM
#413:


Something to remember in the next few weeks




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AtelierRyza2462
01/31/21 8:46:44 AM
#414:


TheDarkCircle posted...
Im $1000 in on amc, DIAMOND HANDS MOTHAFUCKERS!!

Ah yiss
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Lebronwon
01/31/21 8:47:11 AM
#415:


I'm kinda glad I bought several of the restricted RH stocks to hold over the weekend. Since now that the restrictions are off on many of those stocks getting crashed for whatever reason by RH. They should go up now. Especially the penny stocks that were limited to only buying 1 share.

I just hope they dont change the rules again. It tough to do this stock market thing if you don't know which stocks can suddenly get their buying restricted.

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Lebronwon
01/31/21 9:37:24 AM
#416:


Media is calling the AMC/GME stuff a Ponzi scheme
https://www.cnet.com/news/amc-gamestop-stock-go-wild-reddits-insane-train-wreckponzi-scheme/

Is that another hit piece like them saying WSB were alt right. Or it actually is a Ponzi Scheme?

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The Trent
01/31/21 10:11:51 AM
#417:


Lebronwon posted...
Media is calling the AMC/GME stuff a Ponzi scheme
https://www.cnet.com/news/amc-gamestop-stock-go-wild-reddits-insane-train-wreckponzi-scheme/

Is that another hit piece like them saying WSB were alt right. Or it actually is a Ponzi Scheme?

we shall see tomorrow, eh

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SK8T3R215
01/31/21 10:36:19 AM
#418:


Melvin Capital has a 53% loss in January per WSJ.

Looks like they lost half their assets under management also since $2.75 billion from Citadel and Point72 is included in their current $8B figure, but investors will add money for February.

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whitelytning
01/31/21 10:43:14 AM
#419:


emblem boy posted...
Something to remember in the next few weeks


This so much. All these new people have no idea how much of an exception this GME thing was. They are going to lose their ass on weekly options like the huge majority of people do.

On a less serious note, it's also going to suck when WSB starts to get lame. A lot if the memes were already being over or used and it's only a matter of time until the PC police try to be heard. It was more fun to read than any other sub I'm aware of.

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closetkpopfan
01/31/21 10:45:29 AM
#420:


whitelytning posted...
This so much. All these new people have no idea how much of an exception this GME thing was. They are going to lose their ass on weekly options like the huge majority of people do.

On a less serious note, it's also going to suck when WSB starts to get lame. A lot if the memes were already being over or used and it's only a matter of time until the PC police try to be heard. It was more fun to read than any other sub I'm aware of.

Yeah I see people on my Facebook saying BB and AMC are next, like theyre expecting the same thing as GME. Lots of people are gonna get burned.

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Lebronwon
01/31/21 10:48:03 AM
#421:


closetkpopfan posted...
Yeah I see people on my Facebook saying BB and AMC are next, like theyre expecting the same thing as GME. Lots of people are gonna get burned.

So there isnt a short squeeze happening with AMC? I thought the two major ones were GME and AMC and other stuff like NOK and BB got pulled into it.

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The X Dawg
01/31/21 10:51:46 AM
#422:


What I've learned through this whole thing is that the economy must not be too bad if people are throwing in 10s of thousands of dollars on a gamble.
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The Trent
01/31/21 10:52:18 AM
#423:


The X Dawg posted...
What I've learned through this whole thing is that the economy must not be too bad if people are throwing in 10s of thousands of dollars on a gamble.

more stimmies

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emblem boy
01/31/21 11:27:38 AM
#424:


BB was never a short squeeze though was it? It was more that someone posted some DD about how they looked good in the long term because of their change in business.
Same with NOK, I mean, that's why I got calls for it expiring in like 9 months
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Pitter-patter, let's get at 'er
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Lebronwon
01/31/21 11:45:07 AM
#425:


emblem boy posted...
BB was never a short squeeze though was it? It was more that someone posted some DD about how they looked good in the long term because of their change in business.
Same with NOK, I mean, that's why I got calls for it expiring in like 9 months

Not really a squeeze they just said it was undervalued since people still think it is a phone company.

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Tyranthraxus
01/31/21 11:50:51 AM
#426:


Lebronwon posted...
Not really a squeeze they just said it was undervalued since people still think it is a phone company.

It still is, they're just also doing other things now.

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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theAteam
01/31/21 11:52:11 AM
#427:


BB is part of the EV bubble now

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Despised
01/31/21 11:53:24 AM
#428:


So what yall think we're seeing gme at tomorrow, stable? Flying?
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CommonStar
01/31/21 11:53:34 AM
#429:


Lebronwon posted...
So there isnt a short squeeze happening with AMC? I thought the two major ones were GME and AMC and other stuff like NOK and BB got pulled into it.
From what I understand all those other stocks that aren't GME are a distraction to get GME stock holders to ditch their holding and jump on the other stocks to lower the price for the hedge fund to buy it up. It also made no sense to play with the other stocks because they're not shorted over 100%.
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IdiotMachine
01/31/21 12:04:04 PM
#430:


CommonStar posted...
From what I understand all those other stocks that aren't GME are a distraction to get GME stock holders to ditch their holding and jump on the other stocks to lower the price for the hedge fund to buy it up. It also made no sense to play with the other stocks because they're not shorted over 100%.
AMC has about 80% shorted of float. Its definitely part of this bullshit. But is it as bad as GME and is it justified for AMC to be this high? No, not really. Personal, non financial advisor advice? Get out of AMC when its high.

GME, though, theres money to be made since its still over 100% shorted of float. Question is when will people (not retail investors, but whales and the big institutions that we all hate who own literal millions of these stocks) jump ship? Because that is what will drive the prices back down, not retail investors who only make up like 10% of the stocks.

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Lebronwon
01/31/21 12:06:21 PM
#431:


CommonStar posted...
From what I understand all those other stocks that aren't GME are a distraction to get GME stock holders to ditch their holding and jump on the other stocks to lower the price for the hedge fund to buy it up. It also made no sense to play with the other stocks because they're not shorted over 100%.


But isn't it highly recommend to put your money in different stocks. So I dont get why they saying other stocks are distractions. If you put all your cash in GME and it crashes you are fucked.

Either way I put my money into stuff like CCIV, INO, JAGX, TRVG, GTE off the RH list that got dragged into this GME stuff. Loaded up on more CTRM whether they are distractions or not they cant all fail at once.

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The Trent
01/31/21 12:07:14 PM
#432:


Lebronwon posted...
they cant all fail at once.

heh

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i'm Trent B and i get respect
your cash and your jewelry is what i expect
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CommonStar
01/31/21 12:07:24 PM
#433:


IdiotMachine posted...
GME, though, theres money to be made since its still over 100% shorted of float. Question is when will people (not retail investors, but whales and the big institutions that we all hate who own literal millions of these stocks) jump ship? Because that is what will drive the prices back down, not retail investors who only make up like 10% of the stocks.
But won't the price be driven up once they jump because Melvin would have to buy those shares causing the price to increase and it's not like they'd be able to cover it all in a day, it would take them days to do so.
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BignutzisBack
01/31/21 12:08:25 PM
#434:


What happens if that hedge fund goes bankrupt pretty soon from the price rising, how does everyone get their full payout?

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CE_gonna_CE
01/31/21 12:08:38 PM
#435:


The X Dawg posted...
What I've learned through this whole thing is that the economy must not be too bad if people are throwing in 10s of thousands of dollars on a gamble.
This, so much

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IdiotMachine
01/31/21 12:09:49 PM
#436:


Lebronwon posted...
But isn't it highly recommend to put your money in different stocks. So I dont get why they saying other stocks are distractions. If you put all your cash in GME and it crashes you are fucked.

Either way I put my money into stuff like CCIV, INO, JAGX, TRVG, GTE off the RH list that got dragged into this GME stuff. Loaded up on more CTRM whether they are distractions or not they cant all fail at once.
Because going all in on GME is the flavor of the century right now. This isnt responsible investing (i.e., diversifying). Youre not supposed to diversify right now, but go all in on GME with your fun money.

If you do not have any fun money, literally dont pay attention to the market and dont bother with trying to get in because of a fear of missing out; youre going to be left holding the bag, and youll be fucked because..... you didnt use your fun money.

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Skype
01/31/21 12:11:31 PM
#437:


CE_gonna_CE posted...
This, so much

A few million people isn't "the economy", what?

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What the heck
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IdiotMachine
01/31/21 12:14:23 PM
#438:


CommonStar posted...
But won't the price be driven up once they jump because Melvin would have to buy those shares causing the price to increase and it's not like they'd be able to cover it all in a day, it would take them days to do so.

Not really. There are just under 50 million shares floating; if you look at the volume of shares before Robinhood and the likes stopped people from buying, volumes were up to like 100 million.

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Despised
01/31/21 12:22:23 PM
#439:


Webull finally approved my account yeet

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Instagig
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IdiotMachine
01/31/21 12:23:15 PM
#440:


Despised posted...
Webull finally approved my account yeet
WeBull was one of the brokers that restricted purchase of meme stocks, like GME. Why would you go there?

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Despised
01/31/21 12:30:45 PM
#441:


IdiotMachine posted...
WeBull was one of the brokers that restricted purchase of meme stocks, like GME. Why would you go there?
Do you understand why restrictions were placed and how they have since been lifted? Also better AH hours.

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Instagig
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Lebronwon
01/31/21 12:34:05 PM
#442:


IdiotMachine posted...
WeBull was one of the brokers that restricted purchase of meme stocks, like GME. Why would you go there?

They only restricted three GME, AMC and KOSS. Anything else like BB, NOK, NAKD could have been bought. After a couple hours it was lifted.

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Despised
01/31/21 12:35:29 PM
#443:


I need that litty 4am trading so I can make power plays
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The Trent
01/31/21 12:36:00 PM
#444:


Despised posted...
I need that litty 4am trading so I can make power plays

liar, you hate power plays

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i'm Trent B and i get respect
your cash and your jewelry is what i expect
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Despised
01/31/21 12:37:44 PM
#445:


The Trent posted...
Despised posted...
I need that litty 4am trading so I can make power plays

liar, you hate power plays

I fucking hate you lmao God damnit that was funny

Also it's sooooo nice outside today
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The Trent
01/31/21 12:38:26 PM
#446:


POWER plays all day baby chicks dig long balls

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i'm Trent B and i get respect
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IdiotMachine
01/31/21 12:40:25 PM
#447:


Despised posted...
Do you understand why restrictions were placed and how they have since been lifted? Also better AH hours.

Lebronwon posted...
They only restricted three GME, AMC and KOSS. Anything else like BB, NOK, NAKD could have been bought. After a couple hours it was lifted.
Why are you kissing their asses? Go with Vanguard, Fidelity, etc. who hasnt restricted any for any time period.

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Despised
01/31/21 12:41:28 PM
#448:


Or I can go with what I want to go with

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Instagig
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Lebronwon
01/31/21 12:42:41 PM
#449:


IdiotMachine posted...
Why are you kissing their asses? Go with Vanguard, Fidelity, etc. who hasnt restricted any for any time period.

Just stating facts. Webull restrictions were nothing like RH. Where 50 stocks got delisted. The restriction only lasted a couple of hour.

Webull's CEO explanation of what happened was also way better than how the Robinhood CEO explained it when he said the restrictions were to protect you.

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littlebro07
01/31/21 12:53:51 PM
#450:


Oooh, Dogecoin rising hard

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Ushiromiya
01/31/21 1:00:20 PM
#451:


littlebro07 posted...
Dogecoin rising hard
why tho?

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