OT: Stock trading | Page 87 | The Boneyard

OT: Stock trading

navery12 said:
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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And to add on, when the shorts start to exit their position they need to buy the stock which helps fuel the rocket upwards lol

One guy on wallstreetbets started with 50k in $GME calls a year ago, he's now sitting on over $25million. Bananaland
 
Dooch said:
Can someone with knowledge of how this all works, explain to me like I'm 5, what is going on with Gamestop?
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the only definition for the alchemy known as 'economics,' ie 'supply, demand, fear, greed.'
a short squeeze, ie folks needing (demand) stock to fill a trading position, and they all show up at the store at the same to buy, creating a supply shortfall, therefore price rise. think toilet paper insanity of last spring. toss in an educated guess on the fear and greed component for the future price of the thing ('gotta get the tp now, cuz next week it'll be triple the price....i think') and there u have it. underneath this specific event, methinks many traders thought that the bricks and mortar component of gamestop would eventually crush the stock, hence the shortsellers.
i don't know that answer, and i don't care. signed 'not a video game playa,' which, by the way, is kinda how large parts of the market today look to me.
'Yo pretty ladies around the world
Got a weird thing to show you,
So tell all the boys and girls.
Tell your brother, your sister
And your mama too, cause they're
About to go down
And you'll know just what to do'
word up.
 
aburks41 said:
And to add on, when the shorts start to exit their position they need to buy the stock which helps fuel the rocket upwards lol

One guy on wallstreetbets started with 50k in $GME calls a year ago, he's now sitting on over $25million. Bananaland
Expand ...

If anybody has every watched Trading Places, it's the same concept.
 
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 ...

I am caught between the obvious reality that this shouldn't be able to continue, and the risk of missing out on continued gains. I am tempted to take profits now, but I'm already sitting on a lot of cash and honestly have no place to put any additional cash. My money market yield is .26%. Yet most stocks are clearly overvalued.

I feel like that has been what fuels this and continues to fuel this. The Fed needs to raise rates, as things as wildly overstimulated right now, and the normal avenues of investment in new businesses are all shut down by Covid restrictions. Cash positions are massive right now. As I said the other day, we are sitting in a 454 Chevelle SS, foot to the floor, and the brake pedal to the floor. It's a giant smokeshow that accomplishes nothing but burning federal money.

I find myself tempted to cash out and buy a second house or something.
 
Take your profits on these stocks by the end of the week - no way the SEC let’s this happen for much longer.
 
ClifSpliffy said:
the only definition for the alchemy known as 'economics,' ie 'supply, demand, fear, greed.'
a short squeeze, ie folks needing (demand) stock to fill a trading position, and they all show up at the store at the same to buy, creating a supply shortfall, therefore price rise. think toilet paper insanity of last spring. toss in an educated guess on the fear and greed component for the future price of the thing ('gotta get the tp now, cuz next week it'll be triple the price....i think') and there u have it. underneath this specific event, methinks many traders thought that the bricks and mortar component of gamestop would eventually crush the stock, hence the shortsellers.
i don't know that answer, and i don't care. signed 'not a video game playa,' which, by the way, is kinda how large parts of the market today look to me.
'Yo pretty ladies around the world
Got a weird thing to show you,
So tell all the boys and girls.
Tell your brother, your sister
And your mama too, cause they're
About to go down
And you'll know just what to do'
word up.
Expand ...

someone mentioned 'trading places.'
'Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung- grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.!'
fear, greed. we already covered 'supply, demand.'
 
are BB and NOK part of this social media bubble? or are they true long term holds?

(edited grammar)
 
hey if hedge funds can short businesses and influence markets, crushing companies and jobs, we can hold them accountable as the dbags they are
 
I tried to buy AMC today and it was denied due to affiliation with twitter/barstool type chatter. How is that legal?
 
ClifSpliffy said:
someone mentioned 'trading places.'
'Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung- grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.!'
fear, greed. we already covered 'supply, demand.'
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I was about to post the trading places reference too. Three clarifications:
1. Ending squeeze was OJ futures.
2. The Dukes were long & screwed not short (like Gamestop), but same yet opposite concept in that the Dukes effort to exit their long positions drove the price even lower than where it started.
3. The pork bellies are first referenced in the movie when one of the Dukes explains commodities to Eddie & describes how pork bellies are used to make bacon which you might find in a bacon, lettuce and tomato sandwich & then Eddie gives a deadpan 4th wall break look.
Carry on ;)
 
Caronimo said:
At what point do people get rekt?
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always sooner than they think possible. too much 'heart' in their analysis, and not enuf 'head.'
twas ever thus for 'fear, greed' situations.
it is patently redunkulous to survey the world's financial media, and hear very little aboot anything other than the current state of our 'stimulus plans.' kinda like watching cnbc and hearing nothing other than blather aboot apples lastest gizmo.
now, im heading over to blockbuster, to get the latest 'Rocky Climbs the Stairs' vhs. if it's not there, i'll prolly get the 'Ernest Saves the World from y2k one.' wish me luck.
 
Well this would suck the life out of investing...

www.realclearmarkets.com

Beware of a Biden Tax On Unrealized Capital Gains

Newly-inaugurated President Biden is likely to take office and push for a flurry of new legislation. Yet while all eyes will be on Biden’s proposals for COVID-19 relief, healthcare policy, and u
www.realclearmarkets.com www.realclearmarkets.com
 
StllH8L8ner said:
Well this would suck the life out of investing...

www.realclearmarkets.com

Beware of a Biden Tax On Unrealized Capital Gains

Newly-inaugurated President Biden is likely to take office and push for a flurry of new legislation. Yet while all eyes will be on Biden’s proposals for COVID-19 relief, healthcare policy, and u
www.realclearmarkets.com www.realclearmarkets.com
Expand ...
Nah. It would only hit the ultra-wealthy:

Wyden would change to a “mark-to-market” system. That is, for wealthy Americans who report income above $1 million or assets above $10 million for three consecutive years, taxation would no longer be tied to when people sell their stocks, artwork, or houses. It would instead happen every year that the asset gains in value. If I hold stock worth $20 million one year and it increases in value to $23 million the next year, I would pay tax on that $3 million gain when I file taxes that year.

www.vox.com

How Ron Wyden’s tax plan would hit and change philanthropy

He would tax the rich’s capital gains as regular income — every year.
www.vox.com www.vox.com

It's a great plan.
 
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