If any of you nerds are trading daily and have any advice feel free to share it here :)
**This thread was edited on Apr 21st 2018 at 3:58:05am
Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!
GrandThingsJumped on the AMC train this morning. Fingers crossed boys
Rotten_TrumpkinsJesus christ that's up too wtf. Movie theaters have been progressively declining for years. Covid annihilated them. Even if they rebound to precovid incomes, that shit ain't gonna be good. That's putting money in a failing business so get those profits and get out and don't be too greedy
TOAST.Can someone explain to me the end game of the GME and other various stocks? Sure right now everyone that was shorting when it was on the decline are getting fucked, but it's not like the stock can go up forever and will eventually have a devastating crash back down?
Dustin.Dang dude, no we haven't seen that. Can you give us more info?
TOAST.Can someone explain to me the end game of the GME and other various stocks? Sure right now everyone that was shorting when it was on the decline are getting fucked, but it's not like the stock can go up forever and will eventually have a devastating crash back down?
CaptainObvious.The end goal from what I understand is to try and devastate large short positions coming to maturity soon. So if the stock price hits a peak when the hedge funds large positions mature, they get fucked. The huge issue with this is that there are ways to negotiate, change, extend, etc. so you’re right. Droves of amateurs are dumping money to create an artificially inflated stock price. They’re creating a bubble. The small percentage of smart investors who know this will sell at the right time and make their money on the backs of thousands of others who will lose their money.
Rotten_TrumpkinsI'd like to see a screenshot of a shorted account. Probably fucked. It's crazy cuz it could be transient for a few more days or a week, or be ludicrous and last another month.
Anyone wanna take bets on the time it takes to crash? Sheer speculation but I say by next Friday, if not this week.
CaptainObvious.I like your guesses. I’d guess early next week. I think this weekend will destroy momentum for the casuals.
edit: typo
**This post was edited on Jan 27th 2021 at 6:18:27pm
Rotten_TrumpkinsUpdate: wsb is now private. My guess is someone in charge got a letter from a lawyer and panicked. Wonder if that will fire people up or drop the stock with panic sells. Very very interesting to see big business whipping their cocks out and beating people with them again. This js about as sus as when J. Epstein died.
Rotten_TrumpkinsUpdate: wsb is now private. My guess is someone in charge got a letter from a lawyer and panicked. Wonder if that will fire people up or drop the stock with panic sells. Very very interesting to see big business whipping their cocks out and beating people with them again. This js about as sus as when J. Epstein died.
forrest-coleOh boy, tanking hard.. might have gotten a little too greedy..
CLQThe sub has gone private quite a few times before but IMO this time might be different. I personally think most people should sell by Friday but I really don’t know anything :)
CatdickBojanglesThe Wolf of Wall Street Bets coming to an AMC theater near you.
1337
Charlie_KellyStill here, still holding.
Charlie_KellyRobinhood not allowing trading of GME. Heard they banned BB and NOK too. So glad I dropped them.
Charlie_KellyRobinhood not allowing trading of GME. Heard they banned BB and NOK too. So glad I dropped them.
kingsskierEventually, these guys will run out of buying power and a wall will be hit. Then the market will correct back swiftly. But right now, ride that shit.
**This post was edited on Jan 28th 2021 at 8:36:52am
GrandThings^This. It wont be a happy ending for everyone. But honestly, as long as these hedgefunds are also getting fucked, I dont mind losing a few bucks. I'm more of a casual investor (ETFs, Mutual Funds etc.) but it's been really fun to play the game
Charlie_KellyRobinhood not allowing trading of GME. Heard they banned BB and NOK too. So glad I dropped them.
270on420outFUCK ROBINHOOD. Which platform y’all buying today ?
DayManWhat the fuck Robinhood how are they allowed to do that? Literally market manipulation. Fuck Robinhood
Charlie_KellyLocked out of TD again...
kingsskierKeep trying, it is brief usually. I have had issues today but got right back.
kingsskierVolume is way lower today. I think it may get one more rally and its done. Going to slowly buy puts and watch it carefully.
T.L.Volume is lower because tons of platforms have halted or limited trading on GME, NOK, AMC, and others. They're protecting their gazillionaire buddies because financial vampires are the only ones allowed to make money.
forrest-coleYes some serious bullshit going on. I almost sold half at the $480 peak this morning but Schwab wouldn’t let me after attempting over and over. It ultimately worked and I sold half at 420, I’ve got everything I put into it now, so I can be way less stressed out!
This is seriously wild though, stoked to see it play out and still hoping for $1k+