southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 1 minute ago, Chisoxfn said: And now up to $92. I'm sure soon enough it will be below 75. It is down almost $250 a share since Monday. Like I said, I hope people took their profits. Quote Link to comment Share on other sites More sharing options...
GREEDY Posted February 2, 2021 Share Posted February 2, 2021 1 minute ago, southsider2k5 said: It is down almost $250 a share since Monday. Like I said, I hope people took their profits. I bought the top. Lost 20k. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted February 2, 2021 Share Posted February 2, 2021 Just for fun I bought at around $100. I let it dip one time and then it went back to $120 so it seemed like a possible floor. Usually I would have been more patient, but trying to get the absolute floor is impossible. Well see what happens, its just for fun. I didnt touch any of my real investment. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted February 2, 2021 Share Posted February 2, 2021 31 minutes ago, southsider2k5 said: 75 Now back over 120. This is crazy. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 18 minutes ago, Soxbadger said: Just for fun I bought at around $100. I let it dip one time and then it went back to $120 so it seemed like a possible floor. Usually I would have been more patient, but trying to get the absolute floor is impossible. Well see what happens, its just for fun. I didnt touch any of my real investment. I wouldn't be surprised to see some dead cat bounce here, but I think the funeral planning should start. Be careful. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted February 2, 2021 Share Posted February 2, 2021 5 minutes ago, turnin' two said: Now back over 120. This is crazy. Now almost 140 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 26 minutes ago, GREEDY said: I bought the top. Lost 20k. I felt bad for selling my puts too early. Yuck. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted February 2, 2021 Share Posted February 2, 2021 6 minutes ago, southsider2k5 said: I wouldn't be surprised to see some dead cat bounce here, but I think the funeral planning should start. Be careful. The amount I put in is less than Ive made on a single long term position today. I basically just did it so that I can watch it on my all accounts screen. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 Stock halted Quote Link to comment Share on other sites More sharing options...
he gone. Posted February 2, 2021 Share Posted February 2, 2021 Stocks in the Reddit thread for all intents & purposes are just speculative buys at this point. Can you buy and sell/time the market to make a profit. It reminds me of a lot of alt-coins in the crypto space. Can make and lose a ton of money, but has nothing to do much with actual fundamentals. Big psychology game. I wouldn't be surprised to see it bounce up a bit over the next few days, but at the end of the day it was a momentum trade & the momentum was robbed last week. That was the ultimate high & everything beyond that will just be spikes up, on the way down. If you're going to make a case, AMC might have one with raising shares to retire debt. I don't think the stock will do great, however with vaccines happening and people wanting to get back to normal I can see earnings being better than expected over the next few quarters leading to spikes that may be exaggerated just because of this whole saga. Name recognition and memes go further than they used to. Quote Link to comment Share on other sites More sharing options...
Southwest Sider Posted February 2, 2021 Share Posted February 2, 2021 Interesting. Mark Cuban did an AMA on WSB and said he had any GME, he'd be holding still. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 $90 peg for the close. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 2, 2021 Share Posted February 2, 2021 Quote Link to comment Share on other sites More sharing options...
turnin' two Posted February 2, 2021 Share Posted February 2, 2021 GME ending on round numbers 3 days in a row is interesting. Quote Link to comment Share on other sites More sharing options...
bmags Posted February 2, 2021 Share Posted February 2, 2021 just monster numbers for google, amazon and microsoft. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 2, 2021 Share Posted February 2, 2021 5 hours ago, BrianAnderson said: Stocks in the Reddit thread for all intents & purposes are just speculative buys at this point. Can you buy and sell/time the market to make a profit. It reminds me of a lot of alt-coins in the crypto space. Can make and lose a ton of money, but has nothing to do much with actual fundamentals. Big psychology game. I wouldn't be surprised to see it bounce up a bit over the next few days, but at the end of the day it was a momentum trade & the momentum was robbed last week. That was the ultimate high & everything beyond that will just be spikes up, on the way down. If you're going to make a case, AMC might have one with raising shares to retire debt. I don't think the stock will do great, however with vaccines happening and people wanting to get back to normal I can see earnings being better than expected over the next few quarters leading to spikes that may be exaggerated just because of this whole saga. Name recognition and memes go further than they used to. But they’ve diluted their shares by 75%. Sure, AMC will trade $15-22, but Cinemark and especially IMAX are better positioned. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted February 2, 2021 Share Posted February 2, 2021 15 minutes ago, bmags said: just monster numbers for google, amazon and microsoft. And Apple. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted February 3, 2021 Share Posted February 3, 2021 It is really with a lot of regret that I feel at this point it is inevitable that a lot of people are going to get crushed over the next few days. The whole idea of paper hands and diamond hands is foolish, there is only one type of hands and that is money hands. The entire point is to make money consistently. The GME event is a closer to a once in a lifetime event than a repeatable idea. The hedge funds are goliath and they beat them one time. The belief that somehow they havent been able to adjust or get out of their positions seems unlikely. This is closer to gambling than trading, its basically no limit hold'em, where you have the smaller stack and the worse hand. I hope I am wrong as I think it would be fun to see a mass of people get a big payday. If it can stay between 100-150, maybe there is something. But I think its more likely it goes down 50%. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 3, 2021 Share Posted February 3, 2021 In a far less of a look than I would if I was investing real money I see $35 to $40 by April 1st. That's based on a few of the summaries I've read and a hunch that some will hang on. I'm interested in what some of you that took a deeper look are thinking. Quote Link to comment Share on other sites More sharing options...
he gone. Posted February 3, 2021 Share Posted February 3, 2021 It will all be a footnote in history. These type of events repeat themselves over history, however are just becoming more prevalent and frequent as technology becomes more widely available. Sharing info and building momentum is easier than ever. momentum and psychology work both ways. i agree with whoever noted the texas hold em analogy -- doesn't matter how good your hand is here, the deck is stacked against you here. Plus its much harder to organize millions of people to row in one direction than a handful with billions. These are all a fart in the wind. An expensive fart. If anything comes of this it's having people realize and wake up. It put finance on a lot of peoples radars. It put stocks on peoples radars. The amount of people who bought their first stock probably was through the roof. Unfortunately for most their first experience will be a bad one, but it's a step. Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 4, 2021 Share Posted February 4, 2021 The man starts to fight back https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop-massmutual.html Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted February 4, 2021 Share Posted February 4, 2021 3 hours ago, Texsox said: The man starts to fight back https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop-massmutual.html If he was licensed he should have known better. I was working off the assumption he was not licensed. Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 4, 2021 Share Posted February 4, 2021 3 hours ago, Soxbadger said: If he was licensed he should have known better. I was working off the assumption he was not licensed. I think everyone was. It's an interesting twist. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 4, 2021 Share Posted February 4, 2021 GME now into the 50's. Quote Link to comment Share on other sites More sharing options...
ron883 Posted February 4, 2021 Share Posted February 4, 2021 @southsider2k5 - this may be out of your ballpark, but do you have any idea if the aforementioned redditer can face serious consequences since he is a licensed securities broker? Quote Link to comment Share on other sites More sharing options...
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