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Stock Market under President Biden
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(01-27-2021, 06:46 PM)HURRICANE!!! Wrote: Yes, the investors on Reddit conspired to target companies that have been extensively shorted, knowing those that are taking the hit will need to buy more stock (as it is going up) to hedge their losses. As such they actually created a big time demand coming from the ones that got screwed the most. It's a false and artificial value on a stock (or group of stocks). A very few of the "math/financial wizards" might profit off of it, but in the long run many people are going to suffer a big loss. They might be "math/financial wizards" but they are amateurs when it comes to investing. This isn't investing it's gambling. A large number of people are going to take a huge hit because of this. Go ahead and buy up shares of penny stocks. Take a home equity loan out on your home to put more money into it. Fall into the trap of "easy money" while you "screw the wall street billionaires". Let's see who wins in the long run. This nonsense is just setting up for a huge crash. There are 10 kinds of people in this world. Those who understand binary and those who don't. We show less advertisements to registered users. Accounts are free; join today! (01-27-2021, 02:57 PM)jagibelieve Wrote:(01-27-2021, 02:29 PM)Bchbunnie4 Wrote: I sold off enough to cover my original buy in so everything else is just cake. If I lose it all at this point, it will suck, but it won’t hurt. I wonder if this will cause there to be more regulation regarding trading stocks. I hope not too much more. One of the things I like about Robinhood is that it allows a lot more people including working/middle class people the opportunity to invest. I do believe that people especially working people should have the opportunity to invest regardless of what their income is. It shouldn't just be for the rich and wealthy. People can really make money in the stock market, especially if they invest responsibly. I am concerned this articial driving up of prices will cause there to be more regulation and it will backfire and hurt a lot of us "little" investors. Some of us invest honestly/responsibly and do things like research and actually buy and hold a lot of our stocks and let them grow for a bit before we sell them. I don't blame people for selling quickly to get big gains (and I would do it in the right situations), but I think in the long run what is happening now with stocks like Gamestop may not pan out and could hurt some people besides the hedge funds guys. (01-27-2021, 05:50 PM)jagibelieve Wrote:(01-27-2021, 04:48 PM)mal234 Wrote: I remember when investing sites recommended Gamestop several weeks ago. It was very cheap then (under $15). I thought about buying some shares and adding to them but I didn't. One reason because they were having some bad publicity around this time. (I think due to Covid). This is something. I have seen people on another site I visit sometimes saying they are going to go and buy some more Gamestop shares. That stock is now over $300. Unless many of these people have large amounts of disposable income/savings lying around, they don't have the funds to buy a bunch of this stock. And I think it's a mistake to buy/try and buy a bunch of it up. I actually bought some shares of a penny stock from a company called Genius Brand last year, where people drove the price up and then it ended up falling a bit, losing people money. Including me. Some people were predicting it was going to be the next Netflix but for children. They have a cartoon channel which has several children's programs. Well, people were buying up this stock because they thought it was going to do well and it drove the price up. I bought some more shares as the price was going up. At first some people made some money and I made a little bit, but it wasn't sustainable and the price of the stock fell very quickly. (I want to say within a few days). And it's been a very low price ever since. I lost some money on that, thankfully nothing astronomical. Maybe a couple of hundred dollars at the most, it wasn't too much, thank goodness. But that was a stock that ended up falling significantly and people were investing in that stock with good intentions. If that could happen there, I do think some of these other stocks that people are driving the price up now (and still buying into) could have bigger crashes.
(01-27-2021, 06:21 PM)jagibelieve Wrote:(01-27-2021, 05:56 PM)KingIngram052787 Wrote: It's not really that basic of an example, it's pretty much exactly what's happening but in much larger volumes and with large hedge funds being the ones shorting the stock. I agree, but it still makes me chuckle. My 401k, IRA, and brokerage account took a beating today, but I mostly just invest in index funds/ETFs/mutual funds and a few select stocks here and there, the big names you would suspect. But, I'm also only 33, so not a whole lot to worry about over time, so to me it's still kind of funny. (01-27-2021, 06:46 PM)HURRICANE!!! Wrote:(01-27-2021, 06:01 PM)Jags Wrote: That’s a good explanation. I understand what you’re saying except one thing. Are these Reddit people artificially inflating it because it’s been shorted? Make money and screw some investor over? Is this something that’s mutually exclusive or no? one doesn’t need to happen for the other to happen, right? I agree, but I'm sure a lot of non math/finance wizards who catch wind of this are going to go and try to play and lose their butts!
(01-27-2021, 08:01 PM)mal234 Wrote:(01-27-2021, 02:57 PM)jagibelieve Wrote: I would dump every bit of it quickly and take whatever profit you might have at this point. They are talking about putting a freeze on trading some of these stocks for 30 days (something I don't agree with). At the end of the day, if you're going to play this gambling game, and it is gambling, just don't risk what you're not comfortable losing. If i'm taking a risk on an investment, i.e. a gamble, I just assume I'm not getting that money back and that's the amount I'm comfortable using. I don't do that often, most of the time I am buying what I believe are long term investments, so I'm typically spending money that I don't believe I will need for a long time, but eventually expect to get back. That's also not always guaranteed, but over time, there are strategies that tend to work and make you solid/moderate returns as you let them sit for 10-20 years.
Suits trying to shut down WSB. Poop about to hit the fan. AMC and NOK are going to absolutely explode tomorrow. Censorship has awaken the Kracken.
We show less advertisements to registered users. Accounts are free; join today! (01-27-2021, 08:42 PM)KingIngram052787 Wrote:Oh yeah, I definitely not try to invest more in a stock than I can afford. I have said "too rich for my blood" several times when it comes to investing in various stocks. I look up what the upsides, projections for them are for a certain amount of time (like over the course of a year) And at some point if I think it's better off to try buying/loading up on that stock, I definitely stop. I usually invest in a lot of penny/cheaper stocks, but I am going to start investing in more longer term options as well.(01-27-2021, 08:01 PM)mal234 Wrote: I wonder if this will cause there to be more regulation regarding trading stocks. I hope not too much more. One of the things I like about Robinhood is that it allows a lot more people including working/middle class people the opportunity to invest. I do believe that people especially working people should have the opportunity to invest regardless of what their income is. It shouldn't just be for the rich and wealthy. People can really make money in the stock market, especially if they invest responsibly. I am concerned this articial driving up of prices will cause there to be more regulation and it will backfire and hurt a lot of us "little" investors. Some of us invest honestly/responsibly and do things like research and actually buy and hold a lot of our stocks and let them grow for a bit before we sell them. I don't blame people for selling quickly to get big gains (and I would do it in the right situations), but I think in the long run what is happening now with stocks like Gamestop may not pan out and could hurt some people besides the hedge funds guys. (01-27-2021, 09:40 PM)StroudCrowd1 Wrote: Suits trying to shut down WSB. Poop about to hit the fan. AMC and NOK are going to absolutely explode tomorrow. Censorship has awaken the Kracken. NOK and AMC were two stocks that I have seen multiple sights suggest investing in. I haven't invested in either one of them either, because I was a bit skeptical about how well they would do. But maybe they will have big days tomorrow if people keep driving/drive up their price. I actually saw someone someone post a post, that looked like it was from wallstreetbets. (Though, it looks like they may have been banned from reddit). The post mentioned Genius is next. I sold most of my Genius stock once the price fell down quite a bit last year. But I have a very small amount of shares left. If they really do drive the price of Genius up, maybe they will make it rain with the 8 shares I have left lol. I decided to keep a very small amount of shares in case the stock ever rebounded. My average cost of shares is like $3.88. I did just see it went up like a dollar today. If they do try and drive it up, I wonder how far they will drive it up. I also saw people post what looked like quotes from Nasdaq CEO, that they will possibly halt trading if a stock looks like it's being driven up artificially. And that they will possibly monitoring social media chatter to do that. So maybe that will halt what people may try and do with stocks like Nokia and Genius tomorrow. I am interested in seeing what happens. I am scheduled to work a little later tomorrow, so I will be checking to see what possibly happens with Genius tomorrow. I'm not saying I will help people run it up, but if they run it up, I will cash out the few shares I have if there is a big profit to be made lol.
(01-27-2021, 10:34 PM)mal234 Wrote:(01-27-2021, 08:42 PM)KingIngram052787 Wrote: At the end of the day, if you're going to play this gambling game, and it is gambling, just don't risk what you're not comfortable losing. If i'm taking a risk on an investment, i.e. a gamble, I just assume I'm not getting that money back and that's the amount I'm comfortable using.Oh yeah, I definitely not try to invest more in a stock than I can afford. I have said "too rich for my blood" several times when it comes to investing in various stocks. I look up what the upsides, projections for them are for a certain amount of time (like over the course of a year) And at some point if I think it's better off to try buying/loading up on that stock, I definitely stop. I usually invest in a lot of penny/cheaper stocks, but I am going to start investing in more longer term options as well. Looks like the suits are trying to drive the after hours price of NOK and AMC down to scare people off. I think it will have the opposite reaction. Tomorrow will be fun. This is fun. Is it sustainable? No. It's no different than going to Vegas. Just bring what you are willing to flush down the toilet and hope you might win. I mean, if you don't get greedy, there is some kid out there who will take the stock off your hands after a modest profit.
(01-27-2021, 11:26 PM)homebiscuit Wrote: It was Trump: This whole thing has bigger repercussions. The attempted silencing of WSB will bring awareness to a larger audience to big tech censorship that is going on, but before today mainly restricted to the political atmosphere. I expect Trump to capitalize on this when he decides to re-enter our daily lives, and it is going to be glorious. We show less advertisements to registered users. Accounts are free; join today!
Some solid insider trading in Tesla by Pelosi. Nothing to see here folks. Our elected officials are rotten to the core.
I can already see the title to the 2021 sequel novelization of 2020:
2021: Reddit Kills the Stock Market FWIW, I've shifted a bunch of money in my 401k around over the last few days and, um, made money.
(01-28-2021, 12:01 AM)TJBender Wrote: I can already see the title to the 2021 sequel novelization of 2020: It would be fitting, huh? Pochanatus Warren is already calling for Biden regulations to protect her hedge fund buddies who are getting hosed. Biden isn't even 2 weeks into his term and we are already talking about the death of the stock market. That's your boy.
(01-27-2021, 11:26 PM)homebiscuit Wrote: It was Trump: This is absurd. First of all Trump protected the elites throughout his term. Additionally, his most loyal supporters (who haven't yet been arrested for rioting) are too busy complaining about the election to actually take time to figure out how to manipulate the market in this fashion. We show less advertisements to registered users. Accounts are free; join today!
(01-28-2021, 08:48 AM)HURRICANE!!! Wrote:(01-27-2021, 11:26 PM)homebiscuit Wrote: It was Trump: I know, right?
(01-28-2021, 08:48 AM)HURRICANE!!! Wrote:(01-27-2021, 11:26 PM)homebiscuit Wrote: It was Trump: Dear SEC. We do not know this guy, and have no idea what he means by manipulating the market. Sincerely, Jaguar message board
So, dumb question...
When the hedge fund closes their short positions and are out of the picture, what is the benefit of still buying the stock at that point? Seems like the last ones holding the shares would be wiped out when the company files bankruptcy, right?
Crap ---- I sold AAL and invested in LUV back in December
American Airlines is the next AMC --- here it comes. The reason I didn't reference Gamestop is because GME is way beyond the AMC and Blackberry market boom. We show less advertisements to registered users. Accounts are free; join today!
(01-28-2021, 09:24 AM)StroudCrowd1 Wrote: So, dumb question... I think that is correct. Someone is going to be left holding the bag, and those people will lose a whole lot of money.
(01-28-2021, 09:36 AM)The Real Marty Wrote:(01-28-2021, 09:24 AM)StroudCrowd1 Wrote: So, dumb question... It was my belief that the smart ones would cash out before the hedge funds could react.
A lot of Robinhood investors right now are upset because it looks like they took stocks like Gamestop off the app/website. And left a message for those who own the stock that they can only close out their positions on it and not buy anymore. People are saying they will be done with Robinhood after this. Robinhood has already been getting flack prior to this move, because people including politicians have likened it to gaming and have said it's not good for young, inexperienced investors. I do like the website and am glad I signed up on it back in March, but this current move does not look good for them.
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