February 2, 20215 yr 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.
February 2, 20215 yr 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.
February 2, 20215 yr 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.
February 2, 20215 yr 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.
February 2, 20215 yr 5 minutes ago, turnin' two said: Now back over 120. This is crazy. Now almost 140
February 2, 20215 yr 26 minutes ago, GREEDY said: I bought the top. Lost 20k. I felt bad for selling my puts too early. Yuck.
February 2, 20215 yr 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.
February 2, 20215 yr 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.
February 2, 20215 yr Interesting. Mark Cuban did an AMA on WSB and said he had any GME, he'd be holding still.
February 2, 20215 yr 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.
February 2, 20215 yr 15 minutes ago, bmags said: just monster numbers for google, amazon and microsoft. And Apple.
February 3, 20215 yr 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%.
February 3, 20215 yr 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.
February 3, 20215 yr 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.
February 4, 20215 yr The man starts to fight back https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop-massmutual.html
February 4, 20215 yr 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.
February 4, 20215 yr 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.
February 4, 20215 yr @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?
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