OT: Stock trading

[Deepster]

can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?

I was under the impression that the stall and limits by Robinhood (since their users owned like 50+% of GME/AMC) allowed the hedge funds to scramble and save their rear ends. That's a really simplistic explanation so I apologize and I have no idea if it's right.

 

[CTBasketball]

I got out today on all my AMC as well. Lost a little money on it since I was hoping it pulled out of the tailspin and it didn't look like it will. It was fun following for a few days. Back to the normal grind.

Soft.

I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.

Weak.

 

[huskypantz]

can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?

I don’t know what the truth really is but many Redditors are freaking out, begging people to hold the line.

 

[Jay-Bone]

I was under the impression that the stall and limits by Robinhood (since their users owned like 50+% of GME/AMC) allowed the hedge funds to scramble and save their rear ends. That's a really simplistic explanation so I apologize and I have no idea if it's right.

I agree. The deep plunges have occurred when trading was restricted. The deep plunges are terrifying people and they're bailing. Its sad to see.

 

[the Q]

GME should’ve issued new shares at 30x it’s true value.

 

[HuskyHawk]

I don’t know what the truth really is but many Redditors are freaking out, begging people to hold the line.

That was always the risk. With or without the Robinhood trading issues, at some point, human nature takes over and people choose their interest over some collective goal. Are some of those WSB guys crying foul while actually selling and taking the profits? Of course they are.

If you show up at a poker table and you don't know who the fish is, you're the fish. WSB is a massive poker table.

 

[auror]

That was always the risk. With or without the Robinhood trading issues, at some point, human nature takes over and people choose their interest over some collective goal. Are some of those WSB guys crying foul while actually selling and taking the profits? Of course they are.

If you show up at a poker table and you don't know who the fish is, you're the fish. WSB is a massive poker table.

The whole market is the table. WSB is the fish that won a few hands by surprising the pros with a bluff and then hitting a draw. Then they didn't have enough sense to get up from the table and were slowly bled dry by the pros at the table.

 

[tiger8mush]

Etherium very bullish, $1,500 coming soon

if by "soon" you meant today, you were correct

 

[HuskyHawk]

The whole market is the table. WSB is the fish that won a few hands by surprising the pros with a bluff and then hitting a draw. Then they didn't have enough sense to get up from the table and were slowly bled dry by the pros at the table.

That's one way to look at it. I think there are also some within WSB who were using WSB to drive up GME for their benefit, at the expense of perhaps, newer folks in WSB who came in later.

 

[CTBasketball]

I don’t know what the truth really is but many Redditors are freaking out, begging people to hold the line.

The people who matter are holding.

 

[Deepster]

The people who matter are holding.

Can you explain how you see that working at this point? If it makes sense, I'd buy right back in.

 

[tentoes4rings]

if by "soon" you meant today, you were correct

Getting through 1500 was huge, no resistance left. I think we’ll see 1600 tonight. 2000 will be huge.

 

[UConnSwag11]

Getting through 1500 was huge, no resistance left. I think we’ll see 1600 tonight. 2000 will be huge.

People think it’ll get to $10,000 this year, maybe 2022

 

[WrenchFan69]

$BB gonna pick back up? down big the past couple days

I like $BB long term even without the squeeze. Doing big things in lucrative space

 

[Jay-Bone]

The whole market is the table. WSB is the fish that won a few hands by surprising the pros with a bluff and then hitting a draw. Then they didn't have enough sense to get up from the table and were slowly bled dry by the pros at the table.

You forgot to mention the dealer slipping the hedge funds cards. The market restrictions are really killing the mojo.

 

[huskypantz]

The people who matter are holding.

I don't think that's going to end well for them. I wish them the best, but this is now riverboat gambling.

 

[g_smith]

Sold 8 of my 18 CCIV stock today. Was up 50%. I’ll leave the other 10 hoping the Lucid rumors are true and I’ll be in a great price for years to come.

 

[Minicoop69]

Sold 8 of my 18 CCIV stock today. Was up 50%. I’ll leave the other 10 hoping the Lucid rumors are true and I’ll be in a great price for years to come.

I bought a $20 call option last week. Should have kept my 130 shares at $18.30 or so. It might be looking like people are buying early to drive up price before an announcement of some sort.

 

[tentoes4rings]

People think it’ll get to $10,000 this year, maybe 2022

My buddy who has more invested in ETH than me has read articles that say 100k by 2030 is very possible, I love the ETH/LINK combo.

 

[the Q]

I like $BB long term even without the squeeze. Doing big things in lucrative space

I agree. Them and NOK are good long term buys when this nonsense is over

 

[uconntoatl]

My buddy who has more invested in ETH than me has read articles that say 100k by 2030 is very possible, I love the ETH/LINK combo.

Link about rip above $25. Might be the last time we see sub $25

 

[CTBasketball]

Can you explain how you see that working at this point? If it makes sense, I'd buy right back in.

Not your average hype video - the guy uses facts and math. But the SSR list needs to be in place for tomorrow.

 

[HuskylnSC]

This past spring my 17 year old high school senior grandson called and said he was taking a course in the stock market and to send him cash for his birthday. I asked what he was going to buy. He said there is one company that is really exciting and he bought it in the 20's. He was full of new 'nano' technology and having all ready in place distribution systems, six month shelf life. Because I wanted to show faith in him I bought a few shares for 40. And so we could have something to talk about.

The stock NVAX. Motley Fool just posted their conservative estimate for USA only revenues are at $4.5B. I think I'm going to ride this one for a while. Also, it pays to have kids who are smarter than you

 

[Deepster]

Not your average hype video - the guy uses facts and math. But the SSR list needs to be in place for tomorrow.

He didn’t really say anything other than Black Rock buying up 6% of the shares. What did I miss?