OT: Stock trading | Page 89 | The Boneyard

OT: Stock trading

Took 20% out of the market on Monday and bought some AMC which acted as a good hedge to today’s sell off. Rebought some of my Monday sells ($PYPL, $F, NOW) Hopefully FB AMZN and AAPL blow out, as it’s been a while since a down day is followed by another down
 
goskis2018 said:
Can it? Yes. Should it is another question. Wall Street has their guy in office so I wouldn't be shocked to see a push to regulate retail investors
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They should be regulating "professional" investing shops first.
 
Dibbie said:
Took 20% out of the market on Monday and bought some AMC which acted as a good hedge to today’s sell off. Rebought some of my Monday sells ($PYPL, $F, NOW) Hopefully FB AMZN and AAPL blow out, as it’s been a while since a down day is followed by another down
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I put 8% of my stock $ into BBBY today. Let's go!
 
aburks41 said:
helllll no. I've followed WSB for a few years now, I know better than that lol
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lol. Smart man. I've been scrolling through it everyday now for the past week. I laugh so hard. I could do without the use of the r-word, but other than that, it's absolutely hilarious.
 
XLCenterFan said:
Of course they could. But why make it easier for the rich? Make them think twice before they make massive short plays that daddy Cohen has to bail them out of. The game dovne changed today.
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In addition to the SEC potentially acting to limit excessive shorts relative to total outstanding shares or to float (GME ~140%), the SEC and brokerage firms are or will likely be scrutinizing some retail GME traders' activities, the brokerage firms' own risks and possible margin and option policy changes related to GME or similar activities.
 
XLCenterFan said:
lol. Smart man. I've been scrolling through it everyday now for the past week. I laugh so hard. I could do without the use of the r-word, but other than that, it's absolutely hilarious.
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It's not as good now but Dealbreaker was a great site and the message board comments were pure gold everyday. I suspect a lot of WSB folks came over from there because the humor is along the same lines.
 
Da_Aisijimo_Gou said:
My take is quality, well-respected investment management companies, not just shorting shyters such as Melvin and other big GME shorters, may be selling across the board to free up cash. On the other hand, some quality US and non-US equities way down today may be relative steals and SPY and QQQ puts may be reasonable low cost hedging considerations. Then again, none of the preceding may prove to have any merit.
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I sold stuff like DIS, MU and some very solid companies that I felt were still at valuations that were probably unrealistic in the medium term. I kept SPY and QQQQ, but there are a lot of unrecognized gains in those two.

Has anybody every hired an active manager? I may do that.
 
tiger8mush said:
This week's stock competition:
@Matrim55 ... $GSAT = $1.18 on 1/25 9:30am
@UConnSwag11 ... $QYOUF = $0.17 on 1/25 9:32am
@Jaker ... $WPF = $13.855 @ 1/25 9:48am
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After day three (today 6pm), Swag remains in the lead:
QYOUF = $0.1716 (-3%)
GSAT = $1.03 (-12.7%)
WPF = $11.10 (-19.9%)
Rough week. 2 days left!
 
I’m still convinced NOK is at a good price ($6.88 after hours right now). I’d take anything under $20 on AMC.
 
LIuconn said:
still?
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I don't know your risk tolerance. I'd expect illogical swings. I don't buy things I don't understand.

The forum went private. Not banned. Been a member there for a while. Only mods allowed in.

Check NOK after hours.
 
Imagine the folks who owned GameStop at $4 a share for most of 2020 and rode the wave the last week....I hope they sold today because it's on its way back down earth as quickly as it rose.
 
CTBasketball said:
I’m still convinced NOK is at a good price ($6.88 after hours right now). I’d take anything under $20 on AMC.
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Not anymore for AMC I don't think, saw it peak after hours around 16 now heading down fast
 
The fix has been in. Everyone here understands that Robin Hood is free because they allow hedge funds and financial institutions to front-run their trades and buy the data and exploit their users
 
Kemba'sYogurt said:
WSB just got another Discord up and running. I think it'll get shut down, but man thousands of people have already joined in just a few minutes. This is incredible to watch
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Link?
 
I think large hedge funds and others who "short" are kind of dumb. It's more like gambling than investing. It's the equivalent of going into a casino and finding a drunk guy playing $500 blackjack hands and back betting on him. If you're betting the market will go down, you're essentially betting against the house. That being said hedge funds have made a ton of $$ over the years off of this kind of stuff, but letting a bunch of kids living in their parent's basement manipulate stocks like this is insane. It will come to a stop one way or the other, but I hope something comes of this because there is literally nothing to keep these idiots from running a stock way up and then cashing it out and letting it crash. Not sure how they'll regulate it, but until these guys lose their shirts off doing this kind of stuff they aren't going to learn their lesson. I'm not saying I'm in favor of hedge funds, but I think this short term stock manipulation is a joke.
 
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