Investing (stocks and/or other asset classes).

Started by Dan_AKA_ROY23, December 16, 2020, 07:37 PM

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TylerBeer

#60
Quote from: mkd post_id=4890 time=1611679051 user_id=155
Quote from: TylerBeer post_id=4874 time=1611674076 user_id=116
Quote from: mkd post_id=4850 time=1611637909 user_id=155I've been holding MP materials. Speculative..

Reddits Wall Street bets really moved markets on GME and BB.
Wish I would have listened to Tyler on that one,😓


Alright now that I have your attention let's talk public healthcare .... jkjk


The GameStop thing was pure Internet buffoonery - in a real world your short made a ton of sense. GameStop has been looking like RadioShack. But I guess the brand has more emotional worth in 2021

That didn't take long for you to go back to your FOS ways.
 Short sellers manipulation by going in 150% of the float, but it's the retail traders who are the baffoons?
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Hey you're the one fucking up your trades not me

I'm not saying it's 'bad', I'm saying that it doesn't follow what has normally gone on in the market, and I can't see anyone disagreeing with that. Your video doesn't.

TylerBeer

#61
good call on FCEL though, wow. I jumped in for a moment, didn't do anything and hopped off. crazy

mattq

#62
$AMC wow makes no sense

I'm up150% since yesterday

Smit

#63
Quote from: mattq post_id=4979 time=1611756576 user_id=89$AMC wow makes no sense

I'm up150% since yesterday


Damn, up 189%.

I felt theater stocks were probably undervalued but I wouldn't have expected them to bounce back like that!

mattq

#64
I sold at 24.00 good thing I did. :)

TylerBeer

#65
It hasn't, it's WallStreetBets fighting the stock market, and winning haha

TylerBeer

#66
Stonks!

RobertELee

#67
Anyone watching Gamestop? Up almost $200 today.

TylerBeer

#68
I use the TD Ameritrade app and it was really frustrating today - had to do double sign ins, tons of stalls. Cost me a few hundred bucks - I like the app but that was frustrating and stupid.

gcode

#69
Gamestop and Blackbury article

https://pjmedia.com/instapundit/428621/">https://pjmedia.com/instapundit/428621/

QuoteGameStop is a video game retailer that has been priced at about $3 to $10 a share for much of the year. But in the past few days, individual investors have driven the share price above $300.

Many of these buyers are using Robinhood, an app that lets anyone trade stocks without a commission. Because of the pandemic, people have plenty of time on their hands, and are looking to make cash, and it's fueled a spectacular rise in individual day trading.

Why are they buying ­GameStop? Well, some of the commentators on ­"WallStreetBets," the Reddit ­message board driving the frenzy, believe it's a good company.

But mostly they're out to hurt the big guys.

Hedge funds love shorting stocks, a trading technique where you make money when stock prices go down. Companies often go belly up amid short selling "bear raids." That's why small investors hate hedge funds so much.

When word spread among Robinhood traders that GameStop was heavily shorted by the big guys, the tables were turned into a bull raid. They drove up the price, and all those bets that GameStop would decline in value failed. A "short squeeze" was on at a level sophisticated market players hadn't seen in years.

At least one big hedge fund, Melvin Capital, needed a bailout as prices of GameStop spiked a gazillion percent in a matter of days. My trading sources say there will likely be other big players seeking money to stay alive.

TylerBeer

#70
WSB is gone - sell sell!!

TylerBeer

#71
it's back up buy buy!

ghuns

#72
Seeing billionaire, short seller, hedge fund vultures getting wrecked by a bunch of nerds is a little heartwarming.

joshc

#73
i just seen on gab yesterday that andrew torba the owner of Gab.com (which is like twitter but for free speech) started their own WallStreetBets group since many other of the groups were taken down.

They were talking about doing to $BLIAQ what they did to $GME. $BLIAQ and $BLIBQ are the A/B shares of BlockBuster, just different voting shares. Blockbuster (http://www.blockbuster.com/">http://www.blockbuster.com/) was bought out by dish and dish is said to try to turn it into the next netflix. Currently its trading at $0.012 i believe. Im not much of a pennystocker but im jumping onboard just for a small lottery/gamble buy. The more i use Gab though the more its growing on me. seems to be a really well ran social media platform.

ghuns

#74
Robinhood, TD Ameritrade, and several other brokerages have blocked users from purchasing anymore stock from GME, AMC and NOK.

Now the only buyers in market for those stocks will be the big guys who need to close out their short positions on the stock.

So much for The Holy Blessed Sacred Free Market.