ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 6 minutes ago, RegularGuyGamer said: These are the same people who found the he will not divide us flag by shia labeouf from weather patterns and airline routes. I forgot that memes got Trump the presidency.... 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 I'm jumping in on SLV. Redditors are pumping it and it's pretty safe overall. It's only seen about a 10% swing in the last three months and it is a decent long term hold. Volume has jumped exponentially in the last five days without a big corresponding swing in price. Link to comment Share on other sites More sharing options...
RegularGuyGamer | 2,013 Posted January 29, 2021 Share Posted January 29, 2021 21 minutes ago, ThePhleo said: I forgot that memes got Trump the presidency.... It's crazy to think the majority of people probably never even knew... Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, DoctorEncore said: I'm jumping in on SLV. Redditors are pumping it and it's pretty safe overall. It's only seen about a 10% swing in the last three months and it is a decent long term hold. Volume has jumped exponentially in the last five days without a big corresponding swing in price. I don’t know about that. metals are crazy right now. I’m getting $2.08/lb. for mixed range brass when I normally get $1.25 - $1.40 for it. I know a correction is coming soon and it sucks because I got “used to” this new price and all the extra expendable cash that comes with it. Then again, silver is undervalued compared to gold. But maybe gold is too high instead of silver being too low. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 39 minutes ago, ThePhleo said: I don’t know about that. metals are crazy right now. I’m getting $2.08/lb. for mixed range brass when I normally get $1.25 - $1.40 for it. I know a correction is coming soon and it sucks because I got “used to” this new price and all the extra expendable cash that comes with it. Then again, silver is undervalued compared to gold. But maybe gold is too high instead of silver being too low. I don't necessarily believe it will be a real money maker short term (although it does have buy/hold ratings from Morningstar), but I think the downside is minimal. I mostly just want to see what can happen if Reddit coordinates on a true commodity with a huge worldwide market. This time I can play along without the insane volatility of GME which is having wild swings today. Edited January 29, 2021 by DoctorEncore Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 What happens if the stock get held through the market close? Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 Gme at 264 its getting tempting. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 10 minutes ago, Californication said: What happens if the stock get held through the market close? Someone else may understand it and be able to explain it better, but if the shorts are not going to cover today and retail traders continue to hold, then the battle will continue into next week. I don't think data is available on when margin calls are actually scheduled, but a lot of wsb people were saying it would be today. If that was true, then the shorts injected more cash into their accounts today or they already had cash to cover continued losses or they will try to cover at the end of the day or after hours. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 The battle basically goes on until one side capitulates -- or in the case of the shorts -- if they are forced to cover (though there appears to be a lot of systemic pressure to avoid that -- because a true "infinity squeeze" goes a lot farther reaching than people initially considered) Link to comment Share on other sites More sharing options...
Kguillemette | 1,544 Posted January 29, 2021 Share Posted January 29, 2021 I'm out. I don't have the stomach for this! Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 Just now, Kguillemette said: I'm out. I don't have the stomach for this! (sorry I had to) I’m up to 5 GME, 20 AMC, and 0.0420 TSLA. Wish I had more play money too but I won’t risk real money since I too might become a Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, Kguillemette said: I'm out. I don't have the stomach for this! I'm thinking a big drop right before close, then a big bump Monday morning if people haven't gotten bored. I think the novelty is starting to wear off. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,105 Posted January 29, 2021 Share Posted January 29, 2021 I honestly wonder if these people will move to the crypto market over the weekend when they get bored with the stock market being closed. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 So maybe that veiled threat from the Senate banking committee has them taking a dif. tactic. So they want us to get bored than? Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 11 minutes ago, Bearcat-Doug said: I honestly wonder if these people will move to the crypto market over the weekend when they get bored with the stock market being closed. Lol. Similar thought Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 16 minutes ago, Bearcat-Doug said: I honestly wonder if these people will move to the crypto market over the weekend when they get bored with the stock market being closed. If all of their cash is tied up in meme stocks, then they can't, yet. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,105 Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, arch_8ngel said: If all of their cash is tied up in meme stocks, then they can't, yet. It's possible that there are some that cashed out, but I wouldn't be surprised if there are others late to join in that missed the meme stocks and are looking for the next thing. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 Wow, it actually held. Unbelievable. I'm starting to wonder if some of the funds started taking positions earlier this week to ride the retail investors. It would have been stupid of them not to. Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 2 minutes ago, DoctorEncore said: Wow, it actually held. Unbelievable. I'm starting to wonder if some of the funds started taking positions earlier this week to ride the retail investors. It would have been stupid of them not to. So many memes. We’re +69% today. Memes make dreams I guess. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 Regretting not taking that dip. Lol. This stock has me traumatized. 2 Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 So that ringleader dude just posted HES still in. He’s clearly posting immediately after hours and is a pied piper...when he sells it will be too late for everyone else Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, ThePhleo said: So that ringleader dude just posted HES still in. He’s clearly posting immediately after hours and is a pied piper...when he sells it will be too late for everyone else He is definitely NOT going to be the one holding the bag. He's already pocketed $13.8 million, so even if GME goes to zero on Monday, he will have won. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 8 minutes ago, DoctorEncore said: He is definitely NOT going to be the one holding the bag. He's already pocketed $13.8 million, so even if GME goes to zero on Monday, he will have won. Yeah, he claims his plan all along was to stay in the 50,000 shares that he has -- and for the fact that he's managed to cash in so much in options, and the fact that he's held through so many dips and bumps along the way -- I really think he might. EDIT: and it looks like the Robinhood traders didn't have full access to the stock today -- they were only allowed to buy up to 5 shares and later in the day that ceiling was reduced to 2 shares. So most of the "meme energy" couldn't get into the stock today, at all, similar to yesterday. Edited January 29, 2021 by arch_8ngel 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 3 hours ago, DoctorEncore said: I'm jumping in on SLV. Redditors are pumping it and it's pretty safe overall. It's only seen about a 10% swing in the last three months and it is a decent long term hold. Volume has jumped exponentially in the last five days without a big corresponding swing in price. It's running! Up 0.37% since I bought in! Hahahaha. 1 Link to comment Share on other sites More sharing options...
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