OT: Stock trading | Page 106 | The Boneyard

OT: Stock trading

Besides bets2 and daily discuss there was another message board folks moved too. Can anyone share that site please.
 
aburks41 said:
$GME is getting hammered pre-market. I wonder if this is the end of that...
Expand ...
will it go back up later this week when the hedge funds execute their shorts (buying millions of dollars worth of the stock)?
 
I sold some dumb stuff like Naked. Back to investing based on fundamentals for me. Latest adds are NOC and LMT. Virgin Galactic is way up on hopes that ARK creates a space ETF, but it's fundamentals are terrible. Both NOC and LMT are better positioned if space becomes a real growth area, and both are solid dividend paying stocks.
 
tiger8mush said:
will it go back up later this week when the hedge funds execute their shorts (buying millions of dollars worth of the stock)?
Expand ...
As I said yesterday, this thing is just going to keep crashing down. I wouldn’t touch this with a 10 foot pole. Pick another stock to buy, almost anything you pick will be a better short term trade than GME. Don’t be stupid...
 
WhereistheDove? said:
Got out with a small profit right before RH opened up restrictions and it shoots up 30%. Cool lol
Expand ...
The whole robinhood restrictions thing is super weird & manipulative. I assume RH re-opened GME at 10:45 where it reversed from multi-day low.
If you ONLY allow shareholders to sell ya think the stock might drop? What's to stop every gambler from buying during restriction then selling once lifted?! They are creating scarcity, demand & inbalance.
 
How do we feel about $TOPS still? Good time to buy more on the dip today?
 
I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.
 
UCPharma11 said:
I read an article that said the Chinese are buying silver like crazy. If that is true then thats 3 billion people that may gobble up a lot of supply.
Expand ...
Purely speculative, mainland China's population may not have recently doubled nor lapped India's population. Aside from such realities, mainland silver purchases are overwhelmingly for industrial or institutional investment purposes. Maybe the YT videos didn't provide such factual insights, but relatively little silver is worn by the mainland's ~1.5 population nor by ethnic Chinese in other nations nor HK.

Quasi-related east Asia factoid: Other than 14k gold worn by westerners, 14k gold is pretty much non-existent nor worn by people of Chinese background/ethnicity. In east Asia, 18K or 24K is the jewelry gold standard.
 
Dibbie said:
I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.
Expand ...
Nice, if you know you have paper hands or philosophy & exit with discipline that's good - its the downside where your pre-disposition is detrimental. Contrastingly I know myself & can't take positions in fads b/c I know that i have diamond hands & would get stuck possibly forever = have to invest accordingly in less volatile, more value based.

Newcomers in the market likely have only short-term perspective & the attraction of a miracle quick buck, but the happy upside is they'll get an education and develop an interest. So for some percentage even losses will only motivate to learn more so either next time they are in early. Or better still they are in for the long-haul. Just the fact that this story broke thru such that everyone was talking about it is good for stimulating investment interest.
 
Dibbie said:
I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.
Expand ...
I got out today on all my AMC as well. Lost a little money on it since I was hoping it pulled out of the tailspin and it didn't look like it will. It was fun following for a few days. Back to the normal grind.
 
HuskyHawk said:
I sold some dumb stuff like Naked. Back to investing based on fundamentals for me. Latest adds are NOC and LMT. Virgin Galactic is way up on hopes that ARK creates a space ETF, but it's fundamentals are terrible. Both NOC and LMT are better positioned if space becomes a real growth area, and both are solid dividend paying stocks.
Expand ...
ARKX's filing is in process, but SPCE is up on it's own value speculation with ARK lover's speculation providing an assist. (I have ARKK). Managers of other ETFs with objectives similar to ARKK and with actual track records surely appreciate the ARKX speculation.

For us primarily LT investors, NOC and LMT seem likeable at current prices and mgmt fee.
 
Da_Aisijimo_Gou said:
ARKX's filing is in process, but SPCE is up on it's own value speculation with ARK lover's speculation providing an assist. (I have ARKK). Managers of other ETFs with objectives similar to ARKK and with actual track records surely appreciate the ARKX speculation.

For us primarily LT investors, NOC and LMT seem likeable at current prices and mgmt fee.
Expand ...

Yes, that was my thinking. 1. valuation is pretty attractive 2. pretty good hedge against market decline (massive long term federal contracts add stability) and 3. maybe some upside if they get a bigger piece of disruptive technology.
 
Dibbie said:
I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.
Expand ...
Were they really knowledgeable though or aware of the market? Knowledgeable to mean conveys knowing about fundamentals, earnings, realistic expected longterm returns etc, not banding together to defeat shorts. My hope is with a huge influx of younger retail investors this past year that a high enough % actually study all the facets involved in trading and stay involved for years to come. I feared a lot would get hurt badly with their herd mentality, that’s starting to price out. Even Portnoy who so many follow, has bailed already, just like he did on BTC below 12k. The people millions are taking advice from is scary.
 
Last edited:
can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?
 
UConnSwag11 said:
can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?
Expand ...

I was under the impression that the stall and limits by Robinhood (since their users owned like 50+% of GME/AMC) allowed the hedge funds to scramble and save their rear ends. That's a really simplistic explanation so I apologize and I have no idea if it's right.
 
Deepster said:
I got out today on all my AMC as well. Lost a little money on it since I was hoping it pulled out of the tailspin and it didn't look like it will. It was fun following for a few days. Back to the normal grind.
Expand ...
Soft.
Dibbie said:
I have paper hands (always have), got out of 1/2 my AMC trade yesterday, closed it out today. Had a nice return but not nearly as much had the manipulation not occurred last Thursday. I believe we were on the cusp of the gamma squeeze.

Wall Street beat the little guy. I’ve been in the market for decades and will continue to do my thing. My concern is, what happened last week, will drive away millions of new investors who were getting excited and knowledgeable about the market.

My hope was they would all make some money and then reinvest it, more wisely, on long term investments. Hope that is still the case.
Expand ...
Weak.
 
UConnSwag11 said:
can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?
Expand ...
I don’t know what the truth really is but many Redditors are freaking out, begging people to hold the line.
 
Deepster said:
I was under the impression that the stall and limits by Robinhood (since their users owned like 50+% of GME/AMC) allowed the hedge funds to scramble and save their rear ends. That's a really simplistic explanation so I apologize and I have no idea if it's right.
Expand ...
I agree. The deep plunges have occurred when trading was restricted. The deep plunges are terrifying people and they're bailing. Its sad to see.
 
GME should’ve issued new shares at 30x it’s true value.
 
huskypantz said:
I don’t know what the truth really is but many Redditors are freaking out, begging people to hold the line.
Expand ...

That was always the risk. With or without the Robinhood trading issues, at some point, human nature takes over and people choose their interest over some collective goal. Are some of those WSB guys crying foul while actually selling and taking the profits? Of course they are.

If you show up at a poker table and you don't know who the fish is, you're the fish. WSB is a massive poker table.
 
You must log in or register to reply here.

Online statistics

Members online
120
Guests online
1,146
Total visitors
1,266
Totals may include hidden visitors.

Share This Page

Forum statistics

Threads
164,029
Messages
4,378,979
Members
10,172
Latest member
ctfb19382


.
..
Top Bottom