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Deviant posted:thoughts on BB shares? Hold for more growth? Sell asap? I have 30 shares of CCIV i'm comfortable holding to 0 since i think Lucid, if the merger ends up being true, could end up with the same magic that Tesla has
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Jan 23, 2021 00:16
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Ola posted:What's the big case for BB again? Meme, Reddit vs shorts, a new and exciting device? According to this the short interest is 6.25% so I don't think it will squeeze like GME. But this is now, so who the gently caress knows. They sold all their phone patents to Huawei and are focusing on some tech industry stuff now (can't remember what exactly)
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Jan 23, 2021 00:48
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wet_goods posted:Cramer goes on tv every night and smacks a big buy or sell button with millions of viewers That's how I feel about it. Or like how Citron had a ton of short sales then announces a low price target tanking the stock. Seems like more manipulation to me then a bunch of WSBers just buying and holding
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Jan 23, 2021 20:34
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Ulio posted:For this to happen on a large scale though you would need Robin Hood to enable OTC/pinksheets trading if they do that, it might be gameover for that subreddit. Because you will some pump and dumps of massive scale. WSB does not allow pennystocks though so I believe this statement would be false at least in regards to WSB.
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Jan 23, 2021 22:52
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cr0y posted:Is there and upper circuit breaker? Yes and GME hit it twice on Friday. I don't know the specifics of how it's hit though
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Jan 25, 2021 14:44
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. Maybe don't short a stock that already has 140% of the float shorted next time
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Jan 26, 2021 00:33
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Superrodan posted:I think the problem with listening to reddit clamor "Hold at least til friday, hold at least til friday" is that gives everyone the same idea of "I gotta get out at the right time on friday so I'm not left holding" fear I want you to know that no one is saying "hold til friday" it's "hold until you hit $X sell target" because if everyone holds out for the shorts to have to cover due to either Margin Calls or just deciding to give up, it's a seller's market and we can get whatever we want.
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Jan 26, 2021 21:34
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GramCracker posted:I literally live 1/4th of a mile from the Point72 offices. Should I go knock on their door tomorrow and ask how that $2.75bn injection to Melvin is doing? If you could livestream that it'd be nice
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Jan 26, 2021 23:01
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Have 190 shares with a $70 cost basis, riding these to $1000 with a few small sells below that to pay off the entry cost in case the huge squeeze doesn't happen
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Jan 26, 2021 23:45
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Femtosecond posted:CNBC reporting that melvin has covered all their positions and is out of GME. Dunno what that means for this supposed big Friday event. That they're liars and it's still going to hit over $1,000 when they actually do cover
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Jan 27, 2021 15:56
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H110Hawk posted:This is blatant market manipulation if it's not true right? Like, SEC knocks on your companies officers doors manipulation? (In a fair and just world.) The secret is something like "we sold our current shorts to some other hedge fund then doubled down on more shorts" and they used weasel words to be technically correct while still completely hosed when they have to cover
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Jan 27, 2021 16:03
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Aruan posted:if you are throwing money at this don't buy GME, buy AMC. much lower cost of entry, equally as risky and stupid. Or don't listen to this and buy into the one that still shorted over 100% and not the one being pumped by the shorts trying to move money from GME to AMC. Not financial advice or a financial advisor
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Jan 27, 2021 17:20
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melon cat posted:Sooooo when the dust settles are overnight meme traders going to become some sort of crack squad that pump-and-dumps any stock that gets targeted by institutional investors It's really annoying that everyone calls Hedge Funds overshorting a stock to try to bankrupt it and cause tens of thousands of job losses, only to be saved by retailers knowing they can gently caress over the Hedge Funds, and support a company that has a new board member with 3 seats and 13% ownership who created CHEWY and made it a billion dollar company, a pump and dump.
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Jan 27, 2021 17:47
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GoGoGadgetChris posted:I'm extremely proud to have correctly called the top and heralded the crash. Looks like my specifics were off but man anyone who took my advice made out like a king among thieves I don't understand how you can consider yourself right when GME is still over $200
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Jan 28, 2021 21:28
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GoGoGadgetChris posted:Because it came crashing down from 350? How much do you need to lose before I'm right that you're going to lose money? My cost basis is $72 so i haven't lost anything, but you were wrong again so no big deal
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Jan 28, 2021 21:39
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Leperflesh posted:If a brokerage finds itself temporarily holding 10M extra AAPL shares for an hour because of shifting conditions within their clearing ecosystem, they are not so scared that it might lose 80% of its value during that hour, yeah? What I am speculating on is that some or several of these brokerages may have found themselves holding millions of shares of GME that they are terrified will go to $10 at any moment and choosing to stop buying (or any trading) by their customers until they have time to divest themselves of unwanted positions. Every seller has a buyer, how the gently caress are the going to be stuck with the shares? Maybe i'm reading wrong but this makes 0 sense.
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Jan 28, 2021 22:35
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Mr Gadget Chris, GME isn't $100? I thought it was going to $100 today genius man
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Jan 28, 2021 22:37
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Leperflesh posted:It is not the case that each time you buy a stock through your brokerage you are instantly matched with a retail seller of that stock somewhere else. Your brokerage makes it look like that and it sometimes/often is that, but not always. Explanations of how the market work are usually simplified down to that, because getting into the weeds is unnecessary for normal people who just want to buy a share of apple and then log out. I really appreciate this in depth analysis. I have not tried to learn about that end of the side, but i'd have to guess there is a way to still provide some liquidity at a diminished rate to guarantee the buyer and seller are connected without the clearing house having to hold the bag. This isn't the first time there has been this sort of crazy volatility, it just manages to coincide with 140% shorting where every retail investor knows they can profit if they buy and hold and make the hedge funds pay dearly to cover their shorts.
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Jan 28, 2021 22:52
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Has GoGoGadgetChris been here recently to proclaim he called the top more? Haven't read the last 1000 messages
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Jan 29, 2021 11:42
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shame on an IGA posted:CNBC's game plan for today seems to be doxxing u/DeepFuckingValue, cause they totally just did Link?
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Jan 29, 2021 14:57
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John F Bennett posted:I wonder how many people know about the short term capital gains tax of 40% in the USA. So don't spend it all at once! Wrong, it's taxed the same as regular income for the Fed. Nice job spreading misinformation though
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Jan 29, 2021 15:53
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ReidRansom posted:Yeah, kinda right? Much flatter than I was expecting. I feel like the fact that RH users can only buy 5 shares max if they had 0 shares has affected the pricing and volume a decent amount
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Jan 29, 2021 16:46
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ReidRansom posted:Is that 5 shares at a go? Or are they restricting you to holding 5 shares if you didn't already have more? If the latter, that's super fucky. You can only have a total of 5 shares. If you had more, you can't buy any
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Jan 29, 2021 16:49
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SabinBlitz posted:Ok. I’m trying to set my shares at a sell limit of $8k. Ya know. Just in case. TDA says it can’t because ‘Your limit is significantly higher than the last traded price. Confirm you are trading the correct security.’ You aren't missing anything. TDA change the rules yesterday (I assume, no confirmation.) I have sell orders set at 10,000 that are still valid (that i placed earlier in the week) E: Double edits added in parenthesis
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Jan 29, 2021 17:06
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Ursine Catastrophe posted:There were people literally ITT earlier this week asking how to short GME. I would bet, at this point, most of the "at risk at the end of the month" hedge funds have eaten the loss on their 1/29 shorts (aka, why the price was "stable" yesterday even though so many retail investors could only sell) and the remaining shorts are ones due long after 1/29 (and a fair few are probably retail investors with a taste for risk). "slaughtering" only happens when you have to realize your losses, not just when you're behind on paper on something a month or more out Shorted stock does not have an expiry. They're just paying a poo poo ton of interest on these shorted shares
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Jan 29, 2021 19:12
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Shammypants posted:Just to be clear, no one here has real evidence the shorts are safe. I’ve heard nothing convincing me. I agree with this. They're trying to make everything look normal with a slight lowering of price over the day with claims of "WE COVERED!" to try to get people to sell and then they can exit cheaper.
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Jan 29, 2021 19:21
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cr0y posted:If the big boys didn't take advantage of yesterday's fuckery they deserve what they get today. From what i read they shorted EVEN MORE so they could capitalize on the 400-150 drop with their ladder selling gobbling up other peoples shares who are getting scared and selling, but that wouldn't mean they got out of their shorts if they shorted even more to at least profit from that drop.
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Jan 29, 2021 19:25
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orange sky posted:I'm at best in the 60th percentile of understanding all of this but one thing seems clear to me - yesterday they were able to do whatever they needed to do. The explosive event that could have really hosed them yesterday didn't happen, and they'll just hang on, with billions in losses that they'll just raise next year from rich people, but without a market destroying event that would have the whole country looking at it and saying "seriously something needs to be done because none of this makes any sense" (it doesn't).
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Jan 29, 2021 20:55
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John F Bennett posted:Have to say I'm surprised there isn't a big sell-off of the memes. People seem to be very confident to hold over the weekend. We want to bleed the hedge funds dry to they have to cover the shorts. Holding is our only option
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Jan 29, 2021 21:58
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Terebus posted:Speaking of non meme stocks, how do you guys feel about AAPL, their revenue is up 21% over the last quarter but their stock is down, I'm wondering why. Do you guys think it's a good long term buy? I hope that this is a joke and you aren't seriously asking if buying a company with a war chest of spare money and has the highest market cap in the stock market is a good "long term buy"
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Jan 29, 2021 23:39
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MrOnBicycle posted:I'm inclined to believe the conclusion that it's a tactic to stir up fear to get people to sell their poo poo. But I am also biased in that I want it to be true. Do they have anything to gain from telling people that they have closed the shorts if they actually have closed? They certainly isn't doing it out of the goodness of their hearts... I feel the same way you do. It makes no sense to pay money to try to propagandize the masses "hey guys we're out of shorting, you can totally sell now! *sweats*"
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Jan 30, 2021 12:21
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Shorts are losing billions so I think so
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Jan 31, 2021 02:55
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VelociBacon posted:I'm willing to not have beer + food delivered to me at a theater if it means I don't have to deal with staff delivering poo poo to people around me in a theater during a movie or people talking to their friends about what to order during a movie or drunk people being obnoxious during a movie. I can't be alone! Yeah, the one time i went to Alamo i found the food delivery SUPER distracting, i was not a fan of the idea
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Feb 1, 2021 22:54
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Elysium posted:drat where were you guys on SAVA when I was yolo buying NDRA solely on the advice of internet strangers. Agreed with this. SAVA would have paid out insanely
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Feb 4, 2021 16:26
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gay picnic defence posted:This looks like a fun ETF, is there a leveraged version of it? Yea give me 10x leverage and i'm all in
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Feb 5, 2021 20:35
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Definitely bought 500 shares of SNDL for $4.20 premarket and really regretting that now. At least it was only profit from selling GME that i'll be losing
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Feb 11, 2021 17:38
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Imagine investing in a porn company that won't even let you see butthole
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Feb 12, 2021 17:45
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Kunabomber posted:selling covered calls on this stock was the best thing i've done this week, you just gotta break your brain outta the DIAMOND HANDS GONNA MOON mentality and be OK with 'missing out' on 'potential gains' if the stock spikes above your contract Agreed on this. Was an idiot and bought very high, sold 5 CC $ 4.50 strike a month out and used the proceeds to buy 100 more shares to get my average cost down.
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Feb 12, 2021 18:04
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500 NDRA at around $2.55.
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Feb 12, 2021 22:17
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Oscar Wild posted:I am going to sell calls on APHA until my trade becomes profitable. Same but SNDL. Only $1100 more call premium needed!!!
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Feb 13, 2021 00:29
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