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GoGoGadgetChris posted:Enjoy your stay! CSPAM or whatever is just 2 clicks away if you find yourself outside of your comfort zone i'll post less, i read the bwm thread a bunch and it was great
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Jan 27, 2021 02:18
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GoGoGadgetChris posted:Enjoy your stay! CSPAM or whatever is just 2 clicks away if you find yourself outside of your comfort zone the true balance is poastin on cspam and bfc at the same time all the time (its cuz i mainly yospost)
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Jan 27, 2021 02:18
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Relevant Tangent posted:literally illegal though, which is why this is not just a fantastic way to make money it's a moral way to make money and lord knows there's basically none of those left This finance baby is going to learn what’s going on and hopefully get in on the action.
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Jan 27, 2021 02:21
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Relevant Tangent posted:literally illegal though, which is why this is not just a fantastic way to make money it's a moral way to make money and lord knows there's basically none of those left A lot of retail investors are gonna be burned when this thing crashes, not just institutional investors. And it's going to hurt them more.
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Jan 27, 2021 02:22
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err posted:Okay but what about BB and AMC Not in either of those boomer traps to divert attention from GME. I threw a toy position at NOK at open that lost like 50% and have a position in PLTR that I'll probably roll out another month. Also BABA and a couple others. I'm starting to rotate out of long calls into some wheels since they should be less stressful to manage with some new projects at work starting.
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Jan 27, 2021 02:24
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GoGoGadgetChris posted:Many of us own multiple homes that we rent for money sounds like youre getting your just desserts op
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Jan 27, 2021 02:25
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ohnobugs posted:A lot of retail investors are gonna be burned when this thing crashes, not just institutional investors. And it's going to hurt them more. when it crashes when a post on wsb gets sufficiently upvoted saying "jobs done boys time to pull out" its going to crash as fast as people can sell
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Jan 27, 2021 02:28
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GoGoGadgetChris posted:Many of us own multiple homes that we rent for money You're gonna trigger the gently caress out of this guy Chris as I type from my rented 1bedroom hovel
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Jan 27, 2021 02:30
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Phobophilia posted:when it crashes No chance that happens. There will be people spamming rocket ships and HOLD until the price is below $20.
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Jan 27, 2021 02:31
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ohnobugs posted:A lot of retail investors are gonna be burned when this thing crashes, not just institutional investors. And it's going to hurt them more. Anyone putting money in on GME that they can't afford to lose kinda has it coming though
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Jan 27, 2021 02:32
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Pilfered Pallbearers posted:No chance that happens. Bag holders are a critical part of the ecosystem.
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Jan 27, 2021 02:32
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I find it hilarious that Reddit and WSB have created a community lottery. Just need a critical mass of people to pump a stock. Winners get out ahead and some losers get caught holding the bag. It's a lottery and you just can't be on the wrong side by shorting, buying puts, or bagholding. If anything it should make you want to take profits a little early and cut losses quickly if it turns sideways.
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Jan 27, 2021 02:34
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Phobophilia posted:Anyway those hedge funds aren't actually wrong that Gamestop and AMC are doomed businesses, and all they're really doing is nudging those businesses into the pit slightly faster and gambling that they will fall at a certain velocity. On the one hand, yes, and shorting has a way of stress-testing companies to make sure they have actual value. Some real skunks have been sniffed out before. At the same time, accelerating a company's decline and profiting from it, to the point of over-committing to the short so that there's no feasible way out, is ghoulish and deserves a correction as a warning to other hedge funds.
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Jan 27, 2021 02:35
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Threw in $50 on AMC for $8.10/share before close. If I can make a month's rent when/if it gets high enough, sweet, I'll be happy.
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Jan 27, 2021 02:36
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prom candy posted:Anyone putting money in on GME that they can't afford to lose kinda has it coming though I mean I won't be losing sleep over it, but the argument that making money off a ponzi scheme is somehow moral is stupid.
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Jan 27, 2021 02:37
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prom candy posted:Anyone putting money in on GME that they can't afford to lose kinda has it coming though Agreed. I put in about 2k, and it’s currently up 4k. Plan to take out 2k to cover cost before Friday and see where things ride, plus multiple limits on the way up so I don’t miss if the giant spike that they’re screaming about happens. I really think the musk tweet is going to push this into turbo drive tomorrow if WSB doesn’t get closed before open.
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Jan 27, 2021 02:37
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ohnobugs posted:I mean I won't be losing sleep over it, but the argument that making money off a ponzi scheme is somehow moral is stupid. What if all of capitalism is a Ponzi scheme?
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Jan 27, 2021 02:38
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ohnobugs posted:A lot of retail investors are gonna be burned when this thing crashes, not just institutional investors. And it's going to hurt them more. is there ever a time where that's not true? retail might've just killed a brokerage it owns
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Jan 27, 2021 02:38
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ohnobugs posted:I mean I won't be losing sleep over it, but the argument that making money off a ponzi scheme is somehow moral is stupid. this is a short squeeze, thank you very much, and even better it's a naked short squeeze and we're the ones selling clothing hobbesmaster posted:What if all of capitalism is a Ponzi scheme? want to change to this person's argument
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Jan 27, 2021 02:39
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Oscar Wild posted:I find it hilarious that Reddit and WSB have created a community lottery. Just need a critical mass of people to pump a stock. Winners get out ahead and some losers get caught holding the bag. didn't reddit used to have literally that "make someone a millionaire" subreddit where a bunch of people would donate $1 to one person
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Jan 27, 2021 02:40
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hobbesmaster posted:What if all of capitalism is a Ponzi scheme? 
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Jan 27, 2021 02:40
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Talked to a friend (I've mentioned him before) about Gamestop and he lost $500 today on it. And this thread on twitter if legitimate (and it appears to be so) makes sense and confirm that this thread things Reddit are a bunch of idiots (some of which might become rich idiots but still). https://twitter.com/toxic/status/1353890766800621569?s=20
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Jan 27, 2021 02:42
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LionArcher posted:Talked to a friend (I've mentioned him before) about Gamestop and he lost $500 today on it. And this thread on twitter if legitimate (and it appears to be so) makes sense and confirm that this thread things Reddit are a bunch of idiots (some of which might become rich idiots but still). https://twitter.com/toxic/status/1353890771087151105?s=21 This GME thing has been months in the making though?
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Jan 27, 2021 02:45
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Class today we learn how Robinhood makes its money without charging a fee!
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Jan 27, 2021 02:45
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https://twitter.com/matt_levine/status/1354131836323196928?s=21
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Jan 27, 2021 02:50
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ohnobugs posted:I mean I won't be losing sleep over it, but the argument that making money off a ponzi scheme is somehow moral is stupid. yes i agree the stock market is immoral
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Jan 27, 2021 02:53
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LionArcher posted:Talked to a friend (I've mentioned him before) about Gamestop and he lost $500 today on it. And this thread on twitter if legitimate (and it appears to be so) makes sense and confirm that this thread things Reddit are a bunch of idiots (some of which might become rich idiots but still). lmfao i totally forgot about the hft dynamic of course some gullible redditors are collectively getting taken for a ride even if some of them will make money in the end
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Jan 27, 2021 02:53
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Add me to the list of dumbasses that sold AMC covered calls today. Between that and selling off GME two weeks ago it has been a rough ride. Everything I do is wrong but at least it’s a little profitable... After hours trading is bullshit
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Jan 27, 2021 02:55
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This GME nonsense is spawning some decent meltdowns. https://twitter.com/jowens510/status/1354197191984746496
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Jan 27, 2021 02:55
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LeafHouse posted:Add me to the list of dumbasses that sold AMC covered calls today. Between that and selling off GME two weeks ago it has been a rough ride. Everything I do is wrong but at least it’s a little profitable... meet me in the pool at 9:30am, waters still warm
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Jan 27, 2021 02:57
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If AMC reaches $10, I might exercise my $6 call and sell lol If I exercise an option and then sell, does that count as a day trade? I think I'm close to my three limit for the week and don't want to run into the problem of having both AMC and GME pop on the same day. I bought the option today. nvm RH had the answer in FAQ Axel Serenity fucked around with this message at 03:03 on Jan 27, 2021 |
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Jan 27, 2021 02:59
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Vox Nihili posted:This GME nonsense is spawning some decent meltdowns. This guy is so mad lol
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Jan 27, 2021 03:00
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amcs cheap enough that itll probably keep running for awhile so just buy back in gently caress it
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Jan 27, 2021 03:00
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Vox Nihili posted:This GME nonsense is spawning some decent meltdowns. "You won't like it when YOU'RE a billionaire!!!" That's a risk I'm willing to take baby
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Jan 27, 2021 03:03
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Axel Serenity posted:If AMC reaches $10, I might exercise my $6 call and sell lol Just sell the call, exercising is almost always less profitable if you aren't trying to establish a long-term position
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Jan 27, 2021 03:04
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LeafHouse posted:Add me to the list of dumbasses that sold AMC covered calls today. Between that and selling off GME two weeks ago it has been a rough ride. Everything I do is wrong but at least it’s a little profitable... Did you write them for twice what you paid for the shares? Grats on doubling up in a week!
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Jan 27, 2021 03:06
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thats not candy posted:amcs cheap enough that itll probably keep running for awhile so just buy back in gently caress it That is true. TBF I had AMC as one I was looking at anyway as a long-term stock since it's an industry I know extremely well. i had Cinemark for a bit and it actually made some of my better gains for such a small position put into it. If I do exercise AMC, I might hold till Friday and see what happens. Assuming it hits $10. Otherwise I'm just selling that option cr0y posted:Just sell the call, exercising is almost always less profitable if you aren't trying to establish a long-term position The breakeven was $6.17. If its after-hours holds even remotely true at open then, welp.
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Jan 27, 2021 03:06
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Axel Serenity posted:If AMC reaches $10, I might exercise my $6 call and sell lol the price difference between exercising and then selling is part of the premium of the call, just sell the call
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Jan 27, 2021 03:07
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Axel Serenity posted:That is true. TBF I had AMC as one I was looking at anyway as a long-term stock since it's an industry I know extremely well. i had Cinemark for a bit and it actually made some of my better gains for such a small position put into it. If I do exercise AMC, I might hold till Friday and see what happens. Sell the option and buy 100 shares is the most profitable play since it will have very high IV if it keeps going up into the day from after market.
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Jan 27, 2021 03:10
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Christ this poo poo is bleeding into instagram now
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Jan 27, 2021 03:13
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