OT: Stock trading | Page 104 | The Boneyard

OT: Stock trading

tentoes4rings said:
FYI, Frontier Communications’ breakout is continuing. Up 14 cents the past two sessions to .58. Poorly run company under new management but there’s something going on. Symbol is FTRCQ.
Expand ...
They reverse split at least two times in the past as FTR. Be careful lol!
 
Has anyone bought into GameStop recently? I wonder if the squeeze up to 500+ will ever happen like the people on reddit keep saying to hold out for.
 
Kemba'sYogurt said:
Has anyone bought into GameStop recently? I wonder if the squeeze up to 500+ will ever happen like the people on reddit keep saying to hold out for.
Expand ...
The GME squeeze is dead. Unfortunately even though there were a lot of people behind it, I think as the price got up to above $300/share they eventually lost their purchasing ability (partly because they were limited by Robinhood, but mostly because they just ran out of $$). This stock is likely to sink back to $15 in the next few weeks. Some of these reddit guys will make $$ off of GME, but others are going to lose their shirts (and they claim they don't care). I actually thought about buying some puts, but I haven't gotten into options trading. I think it's a vocal minority on their board now telling people to keep holding, but anyone who had serious $$ in the stock if they were smart have gotten out.
 
Hurleyman216 said:
The GME squeeze is dead. Unfortunately even though there were a lot of people behind it, I think as the price got up to above $300/share they eventually lost their purchasing ability (partly because they were limited by Robinhood, but mostly because they just ran out of $$). This stock is likely to sink back to $15 in the next few weeks. Some of these reddit guys will make $$ off of GME, but others are going to lose their shirts (and they claim they don't care). I actually thought about buying some puts, but I haven't gotten into options trading. I think it's a vocal minority on their board now telling people to keep holding, but anyone who had serious $$ in the stock if they were smart have gotten out.
Expand ...
Oh heck no, it's not going to $15 anytime soon and the squeeze is not dead, you are just witnessing a bunch off off hours manipulation over the weekend. The calls have not come in yet for most of it. People are still figuring out where they can even buy it. People are going to jail over this hopefully
 
FriarJ said:
Oh heck no, it's not going to $15 anytime soon and the squeeze is not dead, you are just witnessing a bunch off off hours manipulation over the weekend. The calls have not come in yet for most of it. People are still figuring out where they can even buy it. People are going to jail over this hopefully
Expand ...
Lol, ok. It’s down over 25% today since it opened. Keep reading your Reddit posts though. Look, a lot of people made a lot of $$ and they squeezed hedge funds for billions, but just as many will make $$ on the way back down and an equal number will lose it all as well. It isn’t gonna stay propped up forever regardless of what your Reddit ringleaders say. Just be smart.
 
Hurleyman216 said:
Lol, ok. It’s down over 25% today since it opened. Keep reading your Reddit posts though. Look, a lot of people made a lot of $$ and they squeezed hedge funds for billions, but just as many will make $$ on the way back down and an equal number will lose it all as well. It isn’t gonna stay propped up forever regardless of what your Reddit ringleaders say. Just be smart.
Expand ...
Look how much of the stock is still shorted. The longer is outperforms the puts the squeeze will continue. Nothing has changed - there are dips in this there has been the last 4 weeks.
 
CTBasketball said:
Look how much of the stock is still shorted. The longer is outperforms the puts the squeeze will continue. Nothing has changed - there are dips in this there has been the last 4 weeks.
Expand ...
There are a lot of new shorts in the stock just in the past 2 weeks...the company has a value that should be trading between $10-15/share and it’s trading for 20x that. There are a lot of people shorting the stock that are going to make a huge amount of $$ in the next few weeks.
 
Hurleyman216 said:
Lol, ok. It’s down over 25% today since it opened. Keep reading your Reddit posts though. Look, a lot of people made a lot of $$ and they squeezed hedge funds for billions, but just as many will make $$ on the way back down and an equal number will lose it all as well. It isn’t gonna stay propped up forever regardless of what your Reddit ringleaders say. Just be smart.
Expand ...
You are wrong about the $15 in two weeks too much has been put into it and not all of it is going to be pulled out.
 
CTBasketball said:
Look how much of the stock is still shorted. The longer is outperforms the puts the squeeze will continue. Nothing has changed - there are dips in this there has been the last 4 weeks.
Expand ...
Why not short the stock now if so certain it'll drop? Wouldn't that coincidentally be a way to tell if the hedge funds have unwound their short positions? (again I heard somewhere that short positions max out at 200% of shares).
EDIT: Hurleym - how do you know/track new short positions? I'd think only those within past few days are relevant - and I just read an article on bloomberg that short positions dropped:
"Short interest in the video-game retailer plummeted to 39% of free-floating shares, from 114% in mid-January, according to IHS Markit Ltd. data.
Presumably though retail investors could be taking small short positions which would be far smaller than what hedge funds had.
Make money on the way up and down.
 
Last edited:
FriarJ said:
You are wrong about the $15 in two weeks too much has been put into it and not all of it is going to be pulled out.
Expand ...
Ok, it might take a few months to hit $15. We can agree on that, but the reality is these diamond hands guys are going to have to make a decision. As soon as they start to lose trust in each other holding it’s done (this is already happening of you go read their board). You can only blame someone else for so long before looking in the mirror. If these people basically single handedly drove the price up, then the fact that the price is dropping means at least some of them are selling (regardless of what they’re telling you on a message board). Just use some common sense....the stock isn’t down because shorts are manipulating it, it’s down because some of the WSB guys are taking profits and running.
 
Hurleyman216 said:
Ok, it might take a few months to hit $15. We can agree on that, but the reality is these diamond hands guys are going to have to make a decision. As soon as they start to lose trust in each other holding it’s done (this is already happening of you go read their board). You can only blame someone else for so long before looking in the mirror. If these people basically single handedly drove the price up, then the fact that the price is dropping means at least some of them are selling (regardless of what they’re telling you on a message board). Just use some common sense....the stock isn’t down because shorts are manipulating it, it’s down because some of the WSB guys are taking profits and running.
Expand ...
We agree on this. What I don’t agree on this that it’s going back to where it was. The company is worth saving, despite what the scumbag hedge fund guys thought. I also believe that all of these places that have limited buys of it without limiting selling are thieves. This has nothing to do with Reddit.

I assume you are shorting it?
 
...
LIuconn said:
CYDY which was recommended here is having a moment today
Expand ...
Premature, albeit a moment. However, it's not solely due to Redditor trader's searching for a quick eph yew to Citron, Sykes, Feuerstein, et al.
 
Right, this isn't a Reddit stock - pure BY. So you like it long term? I'm always iffy on biotech
 
UCTitleTown said:
I'm a Private Client customer. They manage my money and I don't have input. It was a hard adjustment to give up control of my allocations. It's nice have a single cockpit for my cash, investments, retirement and credit cards.
Expand ...
UCTitle

what kind of returns have you gotten over the years.?
 
FriarJ said:
We agree on this. What I don’t agree on this that it’s going back to where it was. The company is worth saving, despite what the scumbag hedge fund guys thought. I also believe that all of these places that have limited buys of it without limiting selling are thieves. This has nothing to do with Reddit.

I assume you are shorting it?
Expand ...
Dogdeacon said:
Why not short the stock now if so certain it'll drop? Wouldn't that coincidentally be a way to tell if the hedge funds have unwound their short positions? (again I heard somewhere that short positions max out at 200% of shares).
EDIT: Hurleym - how do you know/track new short positions? I'd think only those within past few days are relevant - and I just read an article on bloomberg that short positions dropped:
"Short interest in the video-game retailer plummeted to 39% of free-floating shares, from 114% in mid-January, according to IHS Markit Ltd. data.
Presumably though retail investors could be taking small short positions which would be far smaller than what hedge funds had.
Make money on the way up and down.
Expand ...
News outlets are lying about the short positions on GME and AMC.
 
FriarJ said:
We agree on this. What I don’t agree on this that it’s going back to where it was. The company is worth saving, despite what the scumbag hedge fund guys thought. I also believe that all of these places that have limited buys of it without limiting selling are thieves. This has nothing to do with Reddit.

I assume you are shorting it?
Expand ...
I’m not shorting it because I just haven’t gotten into options trading. It’s too much like gambling to me, especially if you’re shorting stocks. If I ever was going to jump in, this would be the one, but honestly I’ve made so much $$ buying and holding stocks I don’t feel the need to get involved with GME. I’m glad these guys squeezed the hedge funds (they had it coming). Just would like to see some of these Reddit guys come out on top rather than losing it all. It will clearly be a mixed bag. Those that bought it under $20 are in great shape, but if you bought it recently for over $350 then you’re set up to lose most of your $$. I know these guys on WSB still think they’re taking this stock to $10,000/share but I’m telling you there’s zero chance of that happening. The ONLY chance would be if someone like Elon Musk wanted to throw a few billion $$’s at it just to piss off Wall St. even in that scenario it isn’t going to $10,000. If you go read that board there are some people on there who know what they’re talking about (maybe 10%). The other 90% don’t have a clue what they’re doing. They just think of it went from $12 to $400 them surely it can go to $10,000.
 
LIuconn said:
Right, this isn't a Reddit stock - pure BY. So you like it long term? I'm always iffy on biotech
Expand ...
Typically, I'm similarly iffy at most with biotech and pfennig stocks. Late Mar/early Apr, I added LH, DNR, TMO and MTD, and took flyers with TDOC, RLFTF (blah) and CYDY. I'm still unsure what to think of the latter 2, remain underimpressed by CYDY's CEO, yet haven't sold RLFTF nor CYDY despite repeated attacks by Citron, Sykes, Feuerstein and shystery law firms.

In a few weeks, CYDY's severe/critical Covid19 Phase 3 trial results of Leronlimab/Vyrologix are supposed to be unblinded and ideally voted on by the FDA. Never mind financial considerations and other treatment possibilities (HIV, breast cancer, NASH, etc), I really hope we all finally have a far more effective SARS2 therapeutical treatment to complement vaccines.
 
You must log in or register to reply here.

Online statistics

Members online
25
Guests online
747
Total visitors
772
Totals may include hidden visitors.

Share This Page

Forum statistics

Threads
164,028
Messages
4,378,969
Members
10,172
Latest member
ctfb19382


.
..
Top Bottom