OT: Stock trading | Page 86 | The Boneyard

OT: Stock trading

Dear Management,

I would like to put in a short squeeze request for MITT. I have been a bagholder for some time now and it is a terrible stock that is badly broken. Based on current trends I feel I am entitled to at least 5x profits.

Thanks,

Autist
 
They were also going OR are trying to short FUBO.

When FUBO was rising and rising some big names came out and said “it’s overvalued, not worth it, I’m going to sell”. And then it tanked.
How is that ok, but what’s happening with AMC and GME not?
 
it powered from $16 to $17 in the last 2 minutes

8:31am edit - back down to $14, sinking quickly
8:32am edit - back up over $16, lol
 
Last edited:
For the first time in the past 5+/- years I am concerned about the next 12 months in the stock market. Even after the March 2020 COVID drop I was confident that the market would spring back. I am fearing a prolonged downward/ sideward spiral is developing.

My question is whether anyone else reading this post is feeling apprehension about the stock market, and if so, what you are doing to defend your positions.

Thanks.
 
Bobol said:
For the first time in the past 5+/- years I am concerned about the next 12 months in the stock market. Even after the March 2020 COVID drop I was confident that the market would spring back. I am fearing a prolonged downward/ sideward spiral is developing.

My question is whether anyone else reading this post is feeling apprehension about the stock market, and if so, what you are doing to defend your positions.

Thanks.
Expand ...
Yes. Absolutely but not bc of a Reddit group. Since 2000 the market and economy is controlled by The Fed
 
is the sky falling and we should sell everything today? or will the sun rise tomorrow and we see green?
 
UConnSwag11 said:
Yes. Absolutely but not bc of a Reddit group. Since 2000 the market and economy is controlled by The Fed
Expand ...
I don't know about that, never bought the 'perfect information' theory of stock pricing, but I do think the market mostly determines and facts right now are tons of capital 'looking' & stock market is the best place to find good yield.

That said with bulk of my retirement money I've been conservative over past 2yrs, before Covid. I think there are lots of rocks to look under & the fact that the market prospers while life is unrecognizable is a big disconnect for me. I get AMZN & other 'winners' in tech, bioscience etc during this time - but overall for the market to continue to be up does not follow.
So with short-term money I want to be in the market and make some bets, while close to half of total savings is in stable investments. Downside of that was 8% return on 401k in 2020 & possibly stuck wanting to be 'right' + unenviable almost no win position of timing a market re-entry.
 
Sorry to derail the conversation on gamestop and AMC. What mutual funds do you see with the most upside for someone just starting out.
 
Can someone with knowledge of how this all works, explain to me like I'm 5, what is going on with Gamestop?
 
Dooch said:
Can someone with knowledge of how this all works, explain to me like I'm 5, what is going on with Gamestop?
Expand ...
Hedge fund guys bought shorts, basically betting on GameStop to go bankrupt and they'd be able to buy the stock for pennies. Instead people on Reddit started buying the stocks driving the price up so the hedge funds would be forced to buy at much higher costs than they hoped
 
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