OT: Stock trading

[Jay-Bone]

A lot of people getting their pockets shook out right now.

 

[Hi-Low]

I’m still convinced NOK is at a good price ($6.88 after hours right now). I’d take anything under $20 on AMC.

Not anymore for AMC I don't think, saw it peak after hours around 16 now heading down fast

 

[huskyinfl]

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]

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

 

[UConnSwag11]

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

Link?

 

[Kemba'sYogurt]

Link?

Discord - Group Chat That’s All Fun & Games

Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.

discord.gg

Edit: I think it just got banned again actually

 

[goskis2018]

Big brother banned WSB. The fix is in, govt is protecting wall street. Despicable

You get what you paid for

 

[Hurleyman216]

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.

 

[aburks41]

I think it's 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 regulated 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.

correct me if I'm wrong, but if a hedge fund is operating as their name suggests...shouldn't they be hedging against their short position? It's hard to feel bad for multi-billion dollar funds put all their eggs in one basket without taking normal risk measures. If I was one of their clients I would be livid and never invest with them again

 

[Hurleyman216]

correct me if I'm wrong, but if a hedge fund is operating as their name suggests...shouldn't they be hedging against their short position? It's hard to feel bad for multi-billion dollar funds put all their eggs in one basket without taking normal risk measures. If I was one of their clients I would be livid and never invest with them again

I never said anywhere the I felt bad for hedge funds. They know the game they're playing and actually most of them lose money shorting stocks. There are some that do well over short periods of time, like Bill Ackman, but those guys play dirty as well. They'll buy puts and bet huge against a company and then try to expose as much dirt as they possibly can to drive the stock price down. Some of the companies deserve it, but others don't. What happened to just buying companies with good fundamentals that had strong balance sheets and were well managed? Now it's turned into a video game of sorts where people can go on a message board and in real-time get 2 million people to go buy a stock to drive the price up....just doesn't seem right. I'm all for making $$ in the stock market, but these guys are just playing games. I apologize to any of you guys who made a killing off of GME...great job if you did, I just think the whole thing is out of control.

 

[Jay-Bone]

Vive la resistance! A resurgence or dead cat bounce?

 

[WhereistheDove?]

Vive la resistance! A resurgence or dead cat bounce?

I have no idea how this will play out. I could see this backfiring and reinvigorating WSB investors. At the back of all of this is that if these folks just maintain, the price will go up with some of these shorts expiring on Friday.

 

[UconnU]

Investors/banks get together all the time to squeeze shorts. You’re not allowed to do in on a message board, it needs to be done in private?

 

[WhereistheDove?]

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.

No idea how you regulate this (within the scope of the first amendment) without heavily regulating the ability of these hedge funds to enter into such staggering short positions on companies. And not for nothing, but how on earth do you prove market manipulation for a single anonymous poster on a message board full of a couple million anonymous posters?

 

[Jay-Bone]

WSB reddit back online

 

[Jay-Bone]

So the reddit and discord bog down and the stocks dump. They get back online and the stocks bounce back. Amazing.

 

[CTBasketball]

Not anymore for AMC I don't think, saw it peak after hours around 16 now heading down fast

Diamond hands!

 

[CTBasketball]

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I know you hate me but...

 

[Matrim55]

Vive la resistance! A resurgence or dead cat bounce?

Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.

I took a small position just so I could be part of the fun.

 

[the Q]

Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.

I took a small position just so I could be part of the fun.

Allegedly there is a ridiculous amount of sells for 420.69.

So if anyone here has it, I’d put a sell in for at least 420.68 lol

 

[ASweet3781]

I am pretty illiterate when it comes to the market. I have mastered the art of not looking at my account on days like today but all of this drama seems like it could lead to....disaster? My Roth is in VTSAX and I put some money in the S&P fund and VGT last spring. It's been the bright spot of the disastrous last year. Is it all about to go to hell? Was this Reddit-Gameplan story the only reason it dropped like a rock today or a combo of factors?

 

[CTBasketball]

Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.

I took a small position just so I could be part of the fun.

Its going to be armageddon tomorrow morning. The horde is mad they banned WSB and their discord.

 

[UConnSwag11]

 

[UConnSwag11]

Wsb is back up

 

[LIuconn]

Let's go Davey Daytrader stick it to the suits