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One of my first losses was buying NAK shares with the expectation that Trump would say gently caress it and approve the pebble mine in Alaska. Then it turns out his stupid son fished near the mine and was under the impression the mine would gently caress up the fishing. Thanks a lot Trump Jr. idiot
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Mar 10, 2021 16:53
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When does RBLX open?
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Mar 10, 2021 16:54
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So how does an IPO work in this case in terms of the originally set price and buying?
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Mar 10, 2021 16:55
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MazelTovCocktail posted:So how does an IPO work in this case in terms of the originally set price and buying? They make an initial offering of X shares at a certain price, and then away they go. They’ll get an underwriter to generate interest and the underwriter generally buys all the shares at an agreed upon price that’s pretty low, and then commits to selling them publicly (called a firm commitment)— this is the most common way, and is a situation where underwriters make stupid money since they have a network of investors to tap into, and get the shares at a really good price. Public investors can buy these shares on the exchange, but the success of an IPO usually is determined by which funds they get to Hoover up millions of shares. Otherwise, they expend “best efforts” to get those shares sold on behalf of the company, for a fee.
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Mar 10, 2021 17:03
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Volkswagen continues to go up, this is how all stocks should work imo
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Mar 10, 2021 17:13
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jokes posted:They make an initial offering of X shares at a certain price, and then away they go. Thanks! I always get confused on how the initial part is...well initially sold. I’ll be pleasant surprised if I get anything filled at $50 or lower. My idea on this is just quick profit and back into NDRA when it’s lower...well unless staying on Roblox makes sense obviously.
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Mar 10, 2021 17:15
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I have bids for GME puts and RBLX that I'm certain won't get filled. This way I don't lose money. This is how I win.
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Mar 10, 2021 17:24
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Oscar Wild posted:I have bids for GME puts and RBLX that I'm certain won't get filled. Pretty much where I’m at with rblx. I just took some nice gains this morning on my not ndra stuff, I’m not sure I want to reinvest it yet, something about the markets today just feels off to me. Great investment strategy, I know.
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Mar 10, 2021 17:36
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paternity suitor posted:They do that, but they also openly coordinate to tank stocks. There are conferences where they gather to "discuss" short position research. It's a tangled web of hedge funds, short side researchers and financial reporters. so what you're saying is that people talking to each other about stocks is bad
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Mar 10, 2021 17:36
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Mr. F! posted:One of my first losses was buying NAK shares with the expectation that Trump would say gently caress it and approve the pebble mine in Alaska. Then it turns out his stupid son fished near the mine and was under the impression the mine would gently caress up the fishing. Thanks a lot Trump Jr. idiot That actually sounds like the best thing he's ever done. Sorry for ur capitalism loss there! Stocks wise myself I'm just letting everything ride currently. A lot of SPACs and then plays like NDRA/CRTX.
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Mar 10, 2021 17:37
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I just tossed it all into GameStop might as well increase my house money for Roblox. Edit: Well poo poo this is actually working out lol
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Mar 10, 2021 17:40
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Someone convince me why I shouldn’t buy a bunch of long-dated puts on GME
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Mar 10, 2021 17:40
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UnfurledSails posted:No way it actually opens at 45 Is it going to open higher or lower than $45? I've never done this kind of buying before. 
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Mar 10, 2021 17:41
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YeahTubaMike posted:Is it going to open higher or lower than $45? I've never done this kind of buying before. Higher Anyway I thought it was supposed to open between 10-11 EST?
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Mar 10, 2021 17:43
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RCarr posted:Higher How do you know that? Like, if the price is $45 now, what's going to cause it to immediately go up, to the point that I won't be able to buy shares at $45?
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Mar 10, 2021 17:44
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Flowers for QAnon posted:Someone convince me why I shouldn’t buy a bunch of long-dated puts on GME Quick look says it costs almost $1,500 - $2,000 a contract That’s for a $60 put, $300 puts cost like $36k Jimong5 fucked around with this message at 17:48 on Mar 10, 2021 |
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Mar 10, 2021 17:44
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New Found Power posted:so what you're saying is that people talking to each other about stocks is bad "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." - Karl Marx, probably
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Mar 10, 2021 17:44
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Flowers for QAnon posted:Someone convince me why I shouldn’t buy a bunch of long-dated puts on GME Not an emptyquote!
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Mar 10, 2021 17:44
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Well so much for the GameStop idea. Granted I lost nothing, but eh timing never seems to work...well also patience. Anyway done for 6 robolox at $50 we’ll see if it gets filled.
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Mar 10, 2021 17:45
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for a stock as volatile as gamestop the options are going to be hella expensive
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Mar 10, 2021 17:46
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YeahTubaMike posted:How do you know that? Like, if the price is $45 now, what's going to cause it to immediately go up, to the point that I won't be able to buy shares at $45? Part of the delay is the exchanges matching buyers and sellers. If there are a lot of buyers it will immediately increase to match those orders. The reverse is also true.
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Mar 10, 2021 17:46
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Flowers for QAnon posted:Someone convince me why I shouldn’t buy a bunch of long-dated puts on GME The only thing I can really offer in response is that dude who lost like a billion dollars shorting Tesla.
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Mar 10, 2021 17:47
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Shear Modulus posted:for a stock as volatile as gamestop the options are going to be hella expensive That's why I chose a really bad bid. I'm pretty sure I won't get filled unless it goes up to ridiculous levels.
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Mar 10, 2021 17:47
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reignofevil posted:The only thing I can really offer in response is that dude who lost like a billion dollars shorting Tesla. I just want my $500 GME lottery ticket.
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Mar 10, 2021 17:48
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https://twitter.com/chrisfralic/status/1369625571630739456?s=21 This timeline is so cursed.
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Mar 10, 2021 17:49
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loving gamestonk, how does it work?! The real crazy run so far today though is KOSS which was at +50% just a little while ago and now +100%
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Mar 10, 2021 17:50
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GME has incredible volatility so they’re expensive as poo poo and you’ll likely lose most/all/more than your investment no matter what
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Mar 10, 2021 17:51
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Flowers for QAnon posted:Someone convince me why I shouldn’t buy a bunch of long-dated puts on GME
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Mar 10, 2021 17:51
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fwiw i find GME rather easy to day trade, i don't see any point in getting cute with expensive options. just use commons and make bank however i do have years of experience scalping/trading shitcoins and super volatile stocks so if you aren't used to this then stay away lol. GME is basically a shitcoin that's having its 15 minutes of fame
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Mar 10, 2021 17:54
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NDRA has been my most successful stock for day trading. Dont care about the long term if the swings keep making me money.
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Mar 10, 2021 17:57
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YeahTubaMike posted:How do you know that? Like, if the price is $45 now, what's going to cause it to immediately go up, to the point that I won't be able to buy shares at $45? if there are more bids at $45 than shares available at $45 then the exchange has a lot of leeway in deciding whose bids get filled. then some of those people immediately turn around and sell their shares to the guys offering above 45. now the last trade price is above 45.
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Mar 10, 2021 17:58
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Oh good. Everything is red. I don't need to panic today.
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Mar 10, 2021 17:59
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RCarr posted:Higher I did a quick google search and apparently IPOs open "whenever"
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Mar 10, 2021 17:59
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Uranium 235 posted:because the IV is super high therefore the premiums are very expensive Okay, so basically I would be fighting premium decay once IV starts dropping?
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Mar 10, 2021 18:00
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Is anyone else expecting GME to crash as WSB moves their meme stock focus to RBLX?
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Mar 10, 2021 18:03
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Uranium 235 posted:fwiw i find GME rather easy to day trade, i don't see any point in getting cute with expensive options. just use commons and make bank Teach me your ways. I almost bought a few gme stocks at open/premarket and chickenedo ut  iSurrender posted:NDRA has been my most successful stock for day trading. Dont care about the long term if the swings keep making me money. can I ask your strategy here? Just buy low, wait for it to go above 2.30? are there any minimum amounts of stock you consider worhtwhile to do this with? TheParadigm fucked around with this message at 18:06 on Mar 10, 2021 |
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Mar 10, 2021 18:04
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TheParadigm posted:can I ask your strategy here? Just buy low, wait for it to go above 2.30? Basically yes
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Mar 10, 2021 18:06
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TheParadigm posted:Teach me your ways. I almost bought a few gme stocks at open/premarket and chickenedo ut volume increased after that second 300 break which gave me conviction that it could get follow through and head higher. i've been scaling out when the price shoots up on high volume, then adding back small amounts when the price pulls back in. buyers in full control, i'm going to keep doing this until they aren't this is a thing that can't really be taught.. i mean i can tell you what i do but you probably won't be able to do it until you get a lot of experience yourself, and this style of trading is not for everyone. you really have to have the time to sit in front of the screen and make very quick decisions. i have thousands and thousands of hours of experience trading this way, have been doing it since 2017 some people are much better suited for trading on longer timeframes. just depends on personality i guess. Uranium 235 fucked around with this message at 18:11 on Mar 10, 2021 |
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Mar 10, 2021 18:07
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lol gently caress me I'm in the green on gamestop now
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Mar 10, 2021 18:07
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Grem posted:Is anyone else expecting GME to crash as WSB moves their meme stock focus to RBLX? WSB won't migrate until GME triples daily for a week straight
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Mar 10, 2021 18:09
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