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Posted: 1/28/2021 12:28:48 AM EDT
[#1]
Quote HistoryQuoted: /r/wallstreetbets is now set to private. They are back now |
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Posted: 1/28/2021 12:33:35 AM EDT
[#2]
So do I buy a bunch of AMC or what?
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Posted: 1/28/2021 12:34:32 AM EDT
[#3]
Quote HistoryQuoted: So do I buy a bunch of AMC or what? Ship has sailed but please stop by Friday to catch my bags |
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Posted: 1/28/2021 12:35:28 AM EDT
[#4]
Quick question, why not short GME now? This wave might go much larger, but certainly it will crash back down closer to its $15 sometime in the next week’s/months
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Posted: 1/28/2021 12:38:16 AM EDT
[#5]
Quote HistoryQuoted: Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. Quote HistoryQuoted: Quoted: I wish I knew what all this meant.  Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. And the billionaire class will have the rules changed to make it impossible for anyone other than them to do it. |
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Posted: 1/28/2021 12:44:22 AM EDT
[#6]
Quote HistoryQuoted: Quick question, why not short GME now? This wave might go much larger, but certainly it will crash back down closer to its $15 sometime in the next week’s/months You could. But, the people you are now betting against are now not in it for the money. This is occupy wall street for autists that haven't left their basement since they got fast internet. You may suffer. not financial advice. |
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Posted: 1/28/2021 12:45:46 AM EDT
[#7]
Quote HistoryQuoted: So do I buy a bunch of AMC or what? Only if you have the ability to day trade. I think it’ll skyrocket tomorrow, since most people are just learning about this tonight. But it will probably come crashing down pretty quickly. Whether that’s hours, days, or weeks from now, no one knows. |
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Posted: 1/28/2021 12:47:22 AM EDT
[#8]
Quote HistoryQuoted: So NOW is probably a good time to short gamestop? Imagine the $$ to be made when it plummets Your short needs to be after the squeeze occurs. At some point when the float is less than 100% it my make sense but right now the incentive to hold the stock is because it is being shorted. You want to wait till the people holding GME are incentivized to start selling. It will probably cascade then. |
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Posted: 1/28/2021 12:48:57 AM EDT
[#9]
Quote HistoryQuoted: You could. But, the people you are now betting against are now not in it for the money. This is occupy wall street for autists that haven't left their basement since they got fast internet. You may suffer. not financial advice. Quote HistoryQuoted: Quoted: Quick question, why not short GME now? This wave might go much larger, but certainly it will crash back down closer to its $15 sometime in the next week’s/months You could. But, the people you are now betting against are now not in it for the money. This is occupy wall street for autists that haven't left their basement since they got fast internet. You may suffer. not financial advice. I agree. But I also think that people have the attention span of a fucking goldfish. What’s more likely to happen; GME becomes the next bitcoin? Or the SEC fixes this “glitch” and things are back to normal in 2 weeks? The million dollar question |
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Posted: 1/28/2021 12:52:16 AM EDT
[#10]
Quote HistoryQuoted: Just made a Robinhood account and pumped more money into GMS and AMC. Let's do this boyos. how are you able to log in? i keep getting errors while trying to finish setting up my account. |
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Posted: 1/28/2021 12:52:35 AM EDT
[#11]
Quote HistoryQuoted: And the billionaire class will have the rules changed to make it impossible for anyone other than them to do it. Quote HistoryQuoted: Quoted: Quoted: I wish I knew what all this meant. Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. And the billionaire class will have the rules changed to make it impossible for anyone other than them to do it. And they'll get that sweet sweet bailout |
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Posted: 1/28/2021 12:55:14 AM EDT
[#12]
Quote HistoryQuoted: Ship has sailed but please stop by Friday to catch my bags Lol I don’t think you realize what is happening. You may be on the wrong ship. Amc is going to rocket unless they try to halt trading or some other shady shit. This is class warfare and we are having the largest transfer of wealth from Wall Street to the people ever. |
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Posted: 1/28/2021 1:02:52 AM EDT
[#13]
Quote HistoryQuoted: Lol I don't think you realize what is happening. You may be on the wrong ship. Amc is going to rocket unless they try to halt trading or some other shady shit. This is class warfare and we are having the largest transfer of wealth from Wall Street to the people ever. |
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Posted: 1/28/2021 1:10:22 AM EDT
[#14]
This has now become a movement!
It will hit $2000 tomorrow before they shut down the exchange. |
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Posted: 1/28/2021 1:16:03 AM EDT
[#15]
Quote HistoryQuoted: Shit, he fucked some countries currency IIRC Quote HistoryQuoted: Quoted: How do you think Soros got so powerful? Shit, he fucked some countries currency IIRC He broke the Bank of England. |
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Posted: 1/28/2021 1:26:46 AM EDT
[#16]
Quote HistoryFucksticks are even using the same covid speak which is despicable in of itself |
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Posted: 1/28/2021 1:35:51 AM EDT
[#17]
I just bought 10 shares of AMC at $14.64 a share. Did I do good?
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Posted: 1/28/2021 1:35:55 AM EDT
[#18]
Quote HistoryQuoted: So how do you make money on this when the stock goes back down to where it "should be"? You could always short the stock
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Posted: 1/28/2021 1:37:20 AM EDT
[#19]
Quote HistoryQuoted: I just bought 10 shares of AMC at $14.64 a share. Did I do good? How? |
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Posted: 1/28/2021 1:38:04 AM EDT
[#20]
Quote HistoryQuoted: How? With my Robinhood app. First stock I've ever bought. |
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Posted: 1/28/2021 1:38:31 AM EDT
[#21]
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Posted: 1/28/2021 1:39:35 AM EDT
[#22]
Quote HistoryQuoted: With my Robinhood app. First stock I've ever bought. You sure you actually have it or did you just place an order for when the market opens? Im pretty sure Robinhood won’t open trading till 9am |
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Posted: 1/28/2021 1:40:41 AM EDT
[#23]
Quote HistoryLol this is so epic the Chinese are piling into amc and gme too |
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Posted: 1/28/2021 1:41:42 AM EDT
[#24]
Quote HistoryQuoted: @raven , Did TD halt trading on the stocks period or just option trading? Well they kicked me off for about an hour costing me $$ cause I had puts on ROKU I was trying to get out. Was finally able to get back into my account and by then it was too late of course. Then they wouldn't fill me on trying to put order in to buy call on AMC. Finally got filled 30 min before close. Whole thing was full of fuckery. |
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Posted: 1/28/2021 1:42:05 AM EDT
[#25]
Quote HistoryQuoted: You sure you actually have it or did you just place an order for when the market opens? Im pretty sure Robinhood won’t open trading till 9am Doh! You're right. I just got the email. |
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Posted: 1/28/2021 1:42:43 AM EDT
[#26]
Quote HistoryQuoted: They are back now The best part, there's no limit to the downside of a short. It's like buying a security where the most you can lose is what you bought it for if it goes to 0%. The losses can be endless with a short. As I mentioned previously once the shorts are called in they HAVE to sell to cover it and they lose more and more money as the stock price goes up. It drives up the price. It's a self fulfilling disaster for a while  Lot of "media" crap about the SEC should investigate. The investigation should be the hedge funds and their brokers that gave them the credit and means to short >120% of available shares of a stock. It didn't happen by accident. You are "supposed" to prove to the broker that you have the ability cover your shorts and cover the 20%+ interest the broker chargers. Well orchestrated cluster fuck, till it wasn't. |
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Posted: 1/28/2021 1:43:17 AM EDT
[#27]
Quote HistoryQuoted: This play is making me so happy. One of the main guys at one of these funds owns a resort by me that imports liberal after liberal to my town. Schmoozed with our liberal governor. Pushed gun gun control here. I'm so giddy that he's going to get fucked hardcore. To the point where his tax haven resorts go under. There are atleast 20 people in the area that made some accounts this past week to get in on ruining his company. Yesterday the resort was supposed to open again to new reservations. It halted all new reservations. They got absolutely fucked by covid. And now are getting fucked because their big daddy ain't making money. Good. Very good. |
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Posted: 1/28/2021 1:45:03 AM EDT
[#28]
Quoted: So do I buy a bunch of AMC or what? Yes and guy below is for sure an infiltrator trying to discourage people from buying. Quoted: Ship has sailed but please stop by Friday to catch my bags |
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Posted: 1/28/2021 1:45:35 AM EDT
[#29]
Quote HistoryQuoted: Lol this is so epic the Chinese are piling into amc and gme too 
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Posted: 1/28/2021 1:46:47 AM EDT
[#30]
Short interest went up.
https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts |
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Posted: 1/28/2021 1:47:21 AM EDT
[#31]
Quote HistoryQuoted: Doh! You're right. I just got the email. your make essentially a back order if you were looking to buy a hot TV. They will attempt to fulfill your TV order when the store opens in the morning. But if the TV costs more in the morning, you won't get it. Or if the Tv costs less, you still pay the dumb ass aftermarket price because you want it so bad. Go to sleep, wake before the market, research. Do not spend more that you can lose. The market is essentially gambling. not financial advice. |
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Posted: 1/28/2021 1:49:00 AM EDT
[#32]
Quote HistoryQuoted: Lol this is so epic the Chinese are piling into amc and gme too ohh...that give me boner. not financial advice. |
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Posted: 1/28/2021 1:49:36 AM EDT
[#33]
Quote HistoryQuoted: ohh...that give me boner. not financial advice. Quote HistoryQuoted: Quoted: Lol this is so epic the Chinese are piling into amc and gme too ohh...that give me boner. not financial advice. I like this stock. |
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Posted: 1/28/2021 1:50:22 AM EDT
[#34]
Quote HistoryQuoted: your make essentially a back order if you were looking to buy a hot TV. They will attempt to fulfill your TV order when the store opens in the morning. But if the TV costs more in the morning, you won't get it. Or if the Tv costs less, you still pay the dumb ass aftermarket price because you want it so bad. Go to sleep, wake before the market, research. Do not spend more that you can lose. The market is essentially gambling. not financial advice. That makes sense to me! I can afford to lose $150,I'll sell a few boxes of HST
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Posted: 1/28/2021 1:50:34 AM EDT
[#35]
Quote HistoryQuoted: Short interest went up. https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts marketwatch.com is saying 120%, there is something fucky here! https://www.marketwatch.com/investing/stock/gme now today, they updated it to 120% down from 138%. This is because every two weeks the short position report comes out. It was released today at 4pm est. not financial advice. |
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Posted: 1/28/2021 1:53:24 AM EDT
[#36]
One of the drivers of GME has been the options. WSB buys the highest prices most out of the money calls, forcing the option seller to buy the stock, sucking shares from the short sellers. As the price climbs they have to buy more and more to hedge their option. Friday when it topped out at what 80? the top option was $70. That's what stopped it. Two days ago it got to 150 with the top option at $200. Wednesday $320 was top option and it blew past that but settled about there. Thursday it will be $570.
I'm kind of shocked they did this. Not adding any higher priced options would be a good way to make it tougher to drive higher. Just for reference today there was 34k contracts traded for the 320 call expiring this Friday. There was 3100 of the $310, 4k of the $300 and less and less as you went lower. It's all about yolo'ing the highest contract expiring the soonest, which is an idiotic trade normally, but that's the beauty of all of this. These guys are wrecking the system by going long the absolute dumbest, worst garbage ass stocks. It's beautiful. |
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Posted: 1/28/2021 1:54:28 AM EDT
[#37]
Quote HistoryQuoted: That makes sense to me! I can afford to lose $150,I'll sell a few boxes of HST please, new people watch this.  Why mainstream media's slander of wallstreetbets pisses me off regarding GME. not financial advice |
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Posted: 1/28/2021 1:56:04 AM EDT
[#38]
Tagged. I’m curious how this is going to go.
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Posted: 1/28/2021 1:59:27 AM EDT
[#39]
 Payne sounds off on Wall St over GameStop: All of this whining is making me sick |
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Posted: 1/28/2021 2:04:10 AM EDT
[#40]
@WhiskersTheCat @beitodesstrafe @PraesidiumFabrica @SBR_Slut
Check this shit out! Professional investors are worried: How can financial markets function when stock movements are so obviously disconnected from fundamentals, played by both sides like a videogame?After a sharp correction midday Monday, GameStop on Tuesday rose a further 93%, bringing its total gain since Jan. 11 to more than 600%. Those worries are understandable but overblown. Here, a little international comparison is helpful: Unlike some other major global equity markets, frenetic individual investors are far from the point where they are really disrupting the real purpose of equity markets—to help companies to raise capital. Insert Bagdad Bob meme here. And in the next breath... The origins of the surge are in the prevalent belief among Wall Street sharps -- professional investors -- that GameStop's stock, even before this recent spike, was overvalued. After all, shopping malls are in a long decline -- "Malls are doomed: 25% will be gone in 5 years," read a CNN headline in 2017 -- that has only been exacerbated by the Covid-19 pandemic. As a result of the belief among the pro investor crowd that GameStop was, essentially, doomed, they began shorting the stock -- essentially betting on it to fail. This happens all the time to a variety of stocks with very little fanfare. It is the way of the modern stock market. Except that this time, amateur investors decided to revolt against the pros. Using Reddit -- and a subreddit known as r/wallstreetbets -- the amateurs began a coordinated effort of buying GameStop stock to drive its price higher and higher. (It's worth noting that Reddit was also a gathering spot for some of the most ardent Trump supporters in 2016.) That effort to screw the pros -- people with a short position on a stock that is surging have major vulnerabilities the higher the stock goes -- got an unexpected boost from none other than iconoclast-in-chief and Tesla founder Elon Musk, who tweeted "Gamestonk!" with a link to the "wallstreetbets" subreddit on Tuesday. And there it is. Literally hitler and the nazis are undermining the pros at wallstreet. TrUsT uS wE aRe PrOfEsHuNaLs! ThIs Is NoRmAl! DoNt Do ThAt! Muh Stonks! Muh hedge fundz! |
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Posted: 1/28/2021 2:04:19 AM EDT
[#41]
Quote HistoryQuoted: One of the drivers of GME has been the options. WSB buys the highest prices most out of the money calls, forcing the option seller to buy the stock, sucking shares from the short sellers. As the price climbs they have to buy more and more to hedge their option. Friday when it topped out at what 80? the top option was $70. That's what stopped it. Two days ago it got to 150 with the top option at $200. Wednesday $320 was top option and it blew past that but settled about there. Thursday it will be $570. I'm kind of shocked they did this. Not adding any higher priced options would be a good way to make it tougher to drive higher. Just for reference today there was 34k contracts traded for the 320 call expiring this Friday. There was 3100 of the $310, 4k of the $300 and less and less as you went lower. It's all about yolo'ing the highest contract expiring the soonest, which is an idiotic trade normally, but that's the beauty of all of this. These guys are wrecking the system by going long the absolute dumbest, worst garbage ass stocks. It's beautiful. So fucking simple, yet so fucking genius. |
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Posted: 1/28/2021 2:04:19 AM EDT
[#42]
Where should one set the buy price for AMC on open?
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Posted: 1/28/2021 2:07:58 AM EDT
[#43]
Quote HistoryQuoted: Where should one set the buy price for AMC on open? Market will guarantee you get it. If not it might be best to wait for the market to open and decide how much you want to get in at. |
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Posted: 1/28/2021 2:08:32 AM EDT
[#44]
Quote HistoryQuoted: @WhiskersTheCat @beitodesstrafe @PraesidiumFabrica @SBR_Slut Check this shit out! Insert Bagdad Bob meme here. And in the next breath... And there it is. Literally hitler and the nazis are undermining the pros at wallstreet. TrUsT uS wE aRe PrOfEsHuNaLs! ThIs Is NoRmAl! DoNt Do ThAt! Muh Stonks! Muh hedge fundz! Yup. Reddit tards ain't letting off this squeeze once it starts. Gonna be a bucking bronco. Its is not about money anymore for a lot of the new investors, they "just like this stock". not financial advice |
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Posted: 1/28/2021 2:08:35 AM EDT
[#45]
Quote HistoryQuoted: @WhiskersTheCat @beitodesstrafe @PraesidiumFabrica @SBR_Slut Check this shit out! Insert Bagdad Bob meme here. And in the next breath... And there it is. Literally hitler and the nazis are undermining the pros at wallstreet. TrUsT uS wE aRe PrOfEsHuNaLs! ThIs Is NoRmAl! DoNt Do ThAt! Muh Stonks! Muh hedge fundz! bigmad |
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Posted: 1/28/2021 2:09:31 AM EDT
[#46]
Shorting a stock has risk. Who would have thought the higher the risk the higher the reward. Don't think you need to be a professional to figure that out. But hey we reduce our risk by helping drive down the price of the stocks that we are shorting through the media and such. You can't make a produce and lie about it in an ad, but you can lie all you want on an investment show about how doomed a company is while you are making a killing driving the price down.
As mentioned before, as long as they still have a short posistion the amount of losses is endless unlike buying a stock you can only lose how much you paid for it. It's a great less they are being taught. Risk versus reward. |
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Posted: 1/28/2021 2:10:35 AM EDT
[#47]
Dogecoin is spiking >50% tonight.
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Posted: 1/28/2021 2:11:31 AM EDT
[#48]
Quote HistoryQuoted: Dogecoin is spiking >50% tonight. meh |
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Posted: 1/28/2021 2:19:35 AM EDT
[#49]
Quote HistoryQuoted: Dogecoin is spiking >50% tonight. No one is trying to get 50% We’re buying fucking rockets, baby!! Moon or bust! |
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Posted: 1/28/2021 2:20:22 AM EDT
[#50]
Quote HistoryQuoted: This has now become a movement! It will hit $2000 tomorrow before they shut down the exchange. Need a meme of Joe Schmo dangling a shorted stock certificate over Helmsley Monroe Fontleroy III like that Geico fisherman. |
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