(02-02-2021, 09:15 AM)StroudCrowd1 Wrote: [ -> ] (02-02-2021, 09:11 AM)flsprtsgod Wrote: [ -> ]Which is the issue here, the hedge funds bet and lost, now they want the government to reverse their bad decisions.
I mean, how many industries can you deal what you don't actually own? I can't sell a house I don't own. I can't sell a car I don't own. Hedge funds can sell stock they don't own? I can't imagine a scenario where I am rooting for the hedge funds and ridiculing the little guy.
You can also sell stock you don't own. It isn't restricted to hedge funds. Did you not know that?
(02-02-2021, 09:37 AM)The Real Marty Wrote: [ -> ] (02-02-2021, 09:15 AM)StroudCrowd1 Wrote: [ -> ]I mean, how many industries can you deal what you don't actually own? I can't sell a house I don't own. I can't sell a car I don't own. Hedge funds can sell stock they don't own? I can't imagine a scenario where I am rooting for the hedge funds and ridiculing the little guy.
You can also sell stock you don't own. It isn't restricted to hedge funds. Did you not know that?
Yes, but when you do and it goes badly can you get the government and industry to reverse the rules? Because the Hedgies can and did.
(02-02-2021, 09:15 AM)StroudCrowd1 Wrote: [ -> ] (02-02-2021, 09:11 AM)flsprtsgod Wrote: [ -> ]Which is the issue here, the hedge funds bet and lost, now they want the government to reverse their bad decisions.
I mean, how many industries can you deal what you don't actually own? I can't sell a house I don't own. I can't sell a car I don't own. Hedge funds can sell stock they don't own? I can't imagine a scenario where I am rooting for the hedge funds and ridiculing the little guy.
In reality, most people sell houses they don't own. Most peoples houses are owned by the bank, since there are mortgages tied to it. Same applies to vehicles. You don't get a Title until you fully pay off the auto loan. Many people trade in their cars prior to paying it off so they never even "own" the vehicle they are selling.
So... GME... today's close: $90. Down 135 points in one day.
Didn't I tell you guys to short that stock?
I got in really low. Sold enough to cover my initial purchase then sold the rest in the $300’s. My blackberry is way down, but I got in that really cheap too. So I’m just gonna let that sit and watch it for a bit.
(02-02-2021, 06:45 PM)The Real Marty Wrote: [ -> ]So... GME... today's close: $90. Down 135 points in one day.
Didn't I tell you guys to short that stock?
If shorting and day trading (gambling) was my thing I probably would have done so either Friday or yesterday. However, it's just not my thing and I wouldn't bother with such a volatile stock. Besides that to make any real money I would have had to risk too much.
(02-02-2021, 06:55 PM)Bchbunnie4 Wrote: [ -> ]I got in really low. Sold enough to cover my initial purchase then sold the rest in the $300’s. My blackberry is way down, but I got in that really cheap too. So I’m just gonna let that sit and watch it for a bit.
Some of the more sensible people probably did the same as you, they just won't admit it on Reddit. Most everyone is a "greedy capitalist" at heart. You basically did a "smart gambler's" play. The people screaming "hold" or "buy the dip" on Reddit basically lost.
I would guess at the end of the day the only people that made "millions" off of this whole thing are the very hedge funds that were the target.
In the meantime it appears that the stock market under President Biden is doing just fine. The NASDAQ closed very close to an all time high, tech is still churning and there are more opportunities for investors to add to their nest-eggs.
(02-02-2021, 07:53 PM)jagibelieve Wrote: [ -> ] (02-02-2021, 06:45 PM)The Real Marty Wrote: [ -> ]So... GME... today's close: $90. Down 135 points in one day.
Didn't I tell you guys to short that stock?
If shorting and day trading (gambling) was my thing I probably would have done so either Friday or yesterday. However, it's just not my thing and I wouldn't bother with such a volatile stock. Besides that to make any real money I would have had to risk too much.
(02-02-2021, 06:55 PM)Bchbunnie4 Wrote: [ -> ]I got in really low. Sold enough to cover my initial purchase then sold the rest in the $300’s. My blackberry is way down, but I got in that really cheap too. So I’m just gonna let that sit and watch it for a bit.
Some of the more sensible people probably did the same as you, they just won't admit it on Reddit. Most everyone is a "greedy capitalist" at heart. You basically did a "smart gambler's" play. The people screaming "hold" or "buy the dip" on Reddit basically lost.
I would guess at the end of the day the only people that made "millions" off of this whole thing are the very hedge funds that were the target.
In the meantime it appears that the stock market under President Biden is doing just fine. The NASDAQ closed very close to an all time high, tech is still churning and there are more opportunities for investors to add to their nest-eggs.
I agree with this. I’d say at least half or more of the Reddit people have already sold and made money while the other half is trying to be a [BLEEP] and claim the “rocket to the moon” [BLEEP]. Whatever the [BLEEP] that means.
Had I had the RH app early enough I would’ve dumped some money in it. But at 300+, forget that.
(02-02-2021, 06:55 PM)Bchbunnie4 Wrote: [ -> ]I got in really low. Sold enough to cover my initial purchase then sold the rest in the $300’s. My blackberry is way down, but I got in that really cheap too. So I’m just gonna let that sit and watch it for a bit.
I own ~ 30 stocks and make ~ 10-15 transactions per week. I learned pretty quickly that one can't perfect its timing of getting in at the bottom and selling at the top so I quit looking back at every transaction. Anytime, one can walk away with a 100% to 500% return on investment within a few weeks is a win in a manner that may never be repeated. I got in on AMC at $4.96 and out at $14.10. Conversely, instead of buying GME, I invested in ZNGA as I thought GME already topped at $80 and ZNGA was still hovering around $9 OUCH !!!!
GME was a once in a lifetime opportunity !!!
(02-03-2021, 09:19 AM)HURRICANE!!! Wrote: [ -> ] (02-02-2021, 06:55 PM)Bchbunnie4 Wrote: [ -> ]I got in really low. Sold enough to cover my initial purchase then sold the rest in the $300’s. My blackberry is way down, but I got in that really cheap too. So I’m just gonna let that sit and watch it for a bit.
I own ~ 30 stocks and make ~ 10-15 transactions per week. I learned pretty quickly that one can't perfect its timing of getting in at the bottom and selling at the top so I quit looking back at every transaction. Anytime, one can walk away with a 100% to 500% return on investment within a few weeks is a win in a manner that may never be repeated. I got in on AMC at $4.96 and out at $14.10. Conversely, instead of buying GME, I invested in ZNGA as I thought GME already topped at $80 and ZNGA was still hovering around $9 OUCH !!!!
GME was a once in a lifetime opportunity !!!
I had a dream last night that today is the day that you enlighten the board on how you would like Joe Biden to enforce a national mask mandate. After you are done counting your money, let us know.
(02-02-2021, 08:43 PM)Jags Wrote: [ -> ] (02-02-2021, 08:40 PM)mal234 Wrote: [ -> ]Looks like the Reddit user that helped spur the major trading of the Gamestop stock has lost a bunch of money:
Reddit user who helped inspire GameStop mania says he lost $13 million on Tuesday, but is still holding on (msn.com)
Unfortunately this is the result of risk that was taken when people tried to artificially drive up the price of something that really isn't that valuable.
If he’s making a stand, kudos to him. If he’s up 13m and still takes his stand... that’s on him. I sure hope he has plenty left over.
Losing $13 million on Tuesday was likely preceded by gains that were well in excess of $13 million knowing he got in at the beginning. I mean, if one gets in at $10 you don't lose money until the stock falls below $10. His initiative was driven as a short squeeze, not to make money so it's noble for him to hold his position on the subject matter.
I recall the March 2020 market crash in which Jeff Bezos lost $7 billion in 1 day. You know you're rich when you can lose $7 billion !!!
(02-03-2021, 09:22 AM)StroudCrowd1 Wrote: [ -> ] (02-03-2021, 09:19 AM)HURRICANE!!! Wrote: [ -> ]I own ~ 30 stocks and make ~ 10-15 transactions per week. I learned pretty quickly that one can't perfect its timing of getting in at the bottom and selling at the top so I quit looking back at every transaction. Anytime, one can walk away with a 100% to 500% return on investment within a few weeks is a win in a manner that may never be repeated. I got in on AMC at $4.96 and out at $14.10. Conversely, instead of buying GME, I invested in ZNGA as I thought GME already topped at $80 and ZNGA was still hovering around $9 OUCH !!!!
GME was a once in a lifetime opportunity !!!
I had a dream last night that today is the day that you enlighten the board on how you would like Joe Biden to enforce a national mask mandate. After you are done counting your money, let us know.
Sorry, I'm still focusing on my EV, Weed, and Solar stocks after the Biden victory.
I'll get back to you later on the mask issue.
Stay Safe !!!
(02-03-2021, 09:24 AM)HURRICANE!!! Wrote: [ -> ] (02-02-2021, 08:43 PM)Jags Wrote: [ -> ]If he’s making a stand, kudos to him. If he’s up 13m and still takes his stand... that’s on him. I sure hope he has plenty left over.
Losing $13 million on Tuesday was likely preceded by gains that were well in excess of $13 million knowing he got in at the beginning. I mean, if one gets in at $10 you don't lose money until the stock falls below $10. His initiative was driven as a short squeeze, not to make money so it's noble for him to hold his position on the subject matter.
I recall the March 2020 market crash in which Jeff Bezos lost $7 billion in 1 day. You know you're rich when you can lose $7 billion !!!
(02-03-2021, 09:22 AM)StroudCrowd1 Wrote: [ -> ]I had a dream last night that today is the day that you enlighten the board on how you would like Joe Biden to enforce a national mask mandate. After you are done counting your money, let us know.
Sorry, I'm still focusing on my EV, Weed, and Solar stocks after the Biden victory.
I'll get back to you later on the mask issue.
Stay Safe !!!
Looking forward to it. I will send you another reminder next month.
(02-03-2021, 09:36 AM)StroudCrowd1 Wrote: [ -> ]Looking forward to it. I will send you another reminder next month.
Appreciate it. Sorry to distract your from your endless bickering on the 2 other threads.
(02-03-2021, 09:51 AM)HURRICANE!!! Wrote: [ -> ] (02-03-2021, 09:36 AM)StroudCrowd1 Wrote: [ -> ]Looking forward to it. I will send you another reminder next month.
Appreciate it. Sorry to distract your from your endless bickering on the 2 other threads.
Just not a huge fan of being called out on your ignorance on certain topics. I get it. The world needs hypocrites too.
Join us in the COVID-19 thread when you are ready to defend your Hitler/Stalin national enforcement tactics.
Back on topic.... Buy the GME dip!
(02-03-2021, 09:58 AM)StroudCrowd1 Wrote: [ -> ] (02-03-2021, 09:51 AM)HURRICANE!!! Wrote: [ -> ]Appreciate it. Sorry to distract your from your endless bickering on the 2 other threads.
Just not a huge fan of being called out on your ignorance on certain topics. I get it. The world needs hypocrites too.
Join us in the COVID-19 thread when you are ready to defend your Hitler/Stalin national enforcement tactics.
Back on topic.... Buy the GME dip!
I'm just supporting the opinions of health experts as I'm not the most educated person with regard to infectious diseases.
Back on topic -- I think GME is done and will revert back to $40ish or less. I'll get back in on AMC if it dips below $6.
Update: just noticed GME is up 28% in the premarket --- dang thing just won't die. wow
OK, I couldn't resist. Just threw a few $$ back into AMC at $6.85 prior to the close to see if it pops of drops over the weekend. TDOC and a bunch of other stocks are on fire so this AMC entails very little risk in the grand scheme of things but if I end up making $100k or something like that, I'll treat you all to dinner at my favorite restaurant -- The Golden Corral.
(02-05-2021, 05:30 PM)HURRICANE!!! Wrote: [ -> ]OK, I couldn't resist. Just threw a few $$ back into AMC at $6.85 prior to the close to see if it pops of drops over the weekend. TDOC and a bunch of other stocks are on fire so this AMC entails very little risk in the grand scheme of things but if I end up making $100k or something like that, I'll treat you all to dinner at my favorite restaurant -- The Golden Corral.
Maybe you can help pay off someone's student loan debt with your profit?