jonebone

And I could go on and on about DealTavern games that sold out and have totally blown up to the moon in pricing. If you find ones that he has in nice shape (because it's a total crapshoot, some are junk and some are gem), then you always do well buying from him. Inventory has been picked pretty clean by this point but I'm sure there's still some that will inevitably spike.

Sold at $250 according to 130point. Not sure what slabwatch is but it appears inaccurate.

Yeah I saw people talking about this, likely a fake as DS titles were heavily faked. Grading companies sadly let one get by sometimes. I'm not sure what their policy is, but they should offer to buy it back if they cared about their reputation.

I was trigger happy on selling covered calls. Sold 16 covered calls today for AMC at $13 that expire next Friday. Looks like a real possibility I get called out of all 1600 shares. Profit is profit but still, momentum is way up on that one.

Well I think we're massively devaluing the dollar so I expect 2021 to still continue up in the stock market. I'd rather have the 3x gains in an upmarket than slower. It is a very small portion of my portfolio so I can tolerate swings there.

To be direct, I'm not advocating buying any of those today. You typically would wait for volume to thin out and rather be a bit late (paying more) after confirming the trend. The flipside is buying way too early and watching yourself bleed the whole way down. Personally I like PTON at $100 and absolutely love it at $80. Zillow I played from $40 to $100 before getting out, and like that one again around $140. BYND I still think is really bloated but the chart shows me good support at $120 and would consider a position there.

Keep an eye on all of the tech selloff, there's several I wouldn't mind entering if the price gets right. A few that I am keeping a close eye on, ones I've wanted too buy but have felt were too bloated: PTON, Z, BYND and of course just SPY (or TQQQ) in general.

There's no reason to catch a falling knife with volatility. I suspect BTC has a while to pullback before you find a new entry. It's happening across the board with the big bloated techs, TSLA, Z, all of the ARK funds, etc. Bulls make money, Bears make money, pigs get slaughtered. There's a lot of pigs out there in some of these investments right now.

Down $58k to $51k in about 24 hours. You better be prepared to ride the waves if you want to invest in the speculative things. We need some red days across the board for everyhing. Greed is at an all time high everywhere, stocks, crypto, collectibles, etc. Nothing goes up every day forever. And things typically fall faster than the climb. So when they climb straight up....

We get Chic-Fil-A about once a week for a dinner. And occassionally we'll treat the kids to McDonald's happy meals but usually the wife and I will pass from there.

Why torture yourself with woulda coulda...

Yes, most all hobbies and many stocks are going ridiculous right now. The NES Ghostbusters link you posted was low though, that was a quick BIN. That one is worth double at least.

You were 1.5 months early for April Fool's Day by the way.

Neat, I've always heard pigs are actually as smart as or smarter than most dogs.

Ugh... I rode the ACB wave from $10.50 to $14 and sold last week because I was scared going into Feb 11 earnings. I thought charts looked bullish but I think the AMC play caused me to lock in some profits premature. Of course it's at $20 a few days later. I think that sector has room to run but I'm not buying at highs now. Also, the RAD pick in the thread was good, I passed over it though and started a WBE (Walgreens) position instead. I think RAD and WBE have some room to run as well.

Wow another old timer joins the ranks!

And actually kudos for this recommendation. Need to do more research but this is exactly the type of stock I love to grab. The "big name" companies that are beaten up and selling at steep discounts to prior highs. I grabbed some Mattel (MAT) and Jakks Pacific (JAKK) last year that have doubled and Rite Aid fits my pattern. I'll look into them more for sure.

I don't know anything about Canadian stocks, but surely there has to be some marijuana stocks in the mix? I just played ACB on the $10-$14 run and exited as I'm scared of them going into earnings, but I think the marijuana sector has a lot of room to run. Surely it will be legal here in the next 10 years at worst if not sooner, possibly even next 4 years with a Democratic president. All of those stocks already experienced their crazy speculative boom years back, have since bottomed out, and are now starting to trickle up a bit too. Could be an easy set it and forget it type thing for you. Otherwise, with only $250, just throw it in a blended mutual fund and let it track the market.

Well 6.5 is not a good grade, what would you expect? A 6.5 should have a lot of wear and it does.

This is also true, if you get into "trading" (i.e. not necessarily investing), then you WILL LOSE MONEY at the beginning. Maybe that 1% (or less) doesn't, but the overwhelming majority do. That's the learning curve that you overcome. If someone truly does have an interest but not the capital, just do paper trading for several months first. Pick a number, call it $5k, $10k, whatever, and create your portfolio of stocks with paper money. Then you can track value day to day and see how much risk you can stomach. I think I lost about 3 to 5k on a 10k investment my first year of trading and man it hurt at the time. But I've made way more over the years and the learning experience was worth it. And as a side note, you can also write off $3k of losses a year to deduct your income. So that $3k lost is more like $2-$2.5k after tax writeoffs. Still negative but the system lets you deduct some of it at least.

I really thought it would find some footing in the $10-$15 range. Obviously a heavy short is going to be advertising a $1 target, but why not just call for their bankruptcy at that point... The lows were pre $900M capital securement that buys them at least 2021. Then the share announcement raises even more cash and wipes the debt clean. I think I'm alright on buying anymore for now but these wild plus / minus swings will eventually stop and you'll see stability somewhere.

GME likely though maybe a dead cat bounce or two. AMC I still think has steam and I'm going after that one still. Have to play the channel though, not just panic buy when it runs up.

Also, you're playing with fire here. If you're trying to catch bottoms (they say don't catch a falling knife), you'd better have a very tight stop loss or be prepared to hold long if the stock doesn't bounce. One of these bounces will be the last. In my AMC position I'm prepared to go quite long if I have to. Not worried of bankruptcy.

Catching the bottom of the bounce is quite hard. I bought more AMC today at $10 and $8 but don't think I'm adding again. I do want to thank this mania for causing me to learn more about options. I got paid handsomely to sell covered calls yesterday. Depending on volatility I hope to do this another time or two and be into all of my shares for free essentially.

My new pick is SLV, buying some at open today. Thought process: For one, it's getting the meme hype and reddit is trying to squeeze it. Yeah okay, not the main reason I buy a stock. But when you combine that with the other factors, this is why I like it. Silver in general got a big boost late 2020. I noticed people on getting into precious metals, some liquidating games or pokemon cards to get some. No reason to panic buy silver but that was a real push that moved Silver price a few dollars. It's channeled more or less flat since then but hasn't been able to drop past a support level. With all of the stimulus money we're spending, there is also no secret our dollar is getting devalued. And with dollar devaluation comes increased interest in safe havens like silver and gold... and I bet that was a contributing factor to the BItcoin insanity too. I wanted to buy SLV Friday but I was worried $25 was going to be a head fake and pull back. The premarket pop could still be a bit of head fake this AM but I'd rather get some and sit on it at least. Another interesting week ahead...