(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.

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