arch_8ngel | 1,597 Posted February 24, 2021 Share Posted February 24, 2021 (edited) 3 minutes ago, RH said: So, is this still short-squeezing or are people just this dumb to buy into a stock of a dead company at whatever price they are being sold on the order books? Unknown -- there is at least some chatter about this being related to updated short numbers being released and the number of shorts going UP rather than DOWN (granted they would presumably all be at a much more defensible position than the first wave of the squeeze that was attempting to crush shorts that entered below $6/share) And on top of that, the WSB-guys, at least, are pumped about DFV / Roaring Kitty / Keith Gill having doubled his share position following his congressional testimony (bought another 50,000 shares out of his cash hoard) Of course coupled with the CFO departure today. Edited February 24, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 24, 2021 Share Posted February 24, 2021 (edited) I am thinking about grabbing GME. Just don't know if that gamma looking squeeze was from people closing short positions or if the increased price is tightening the noose Edit: I was telling someone yest. that the increasing inflation would be good for gme and amc smh Edited February 24, 2021 by Californication Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 24, 2021 Share Posted February 24, 2021 (edited) All the meme stocks or up so this isn't based on fundamentals. Really wishing I would have bought back in at $135. That is going to ruin my night. Edited February 25, 2021 by Californication Link to comment Share on other sites More sharing options...
jonebone | 1,307 Posted February 25, 2021 Share Posted February 25, 2021 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. Link to comment Share on other sites More sharing options...
tbone3969 | 304 Posted February 25, 2021 Share Posted February 25, 2021 (edited) GME will not quit. This is a ride for the ages. Can AMC breach $20? Edited February 25, 2021 by tbone3969 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, tbone3969 said: GME will not quit. This is a ride for the ages. Can AMC breach $20? I really don't think this is going to have the legs it had last time. I think both will settle down tomorrow. That being said, I know nothing and have been repeatedly wrong about this fiasco. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 25, 2021 Share Posted February 25, 2021 (edited) 3 hours ago, Californication said: All the meme stocks or up so this isn't based on fundamentals. Really wishing I would have bought back in at $135. That is going to ruin my night. Dude, this is not one to wring hands about. This is not real investing. This is 100% speculating. This isn't like investing in Blockbuster instead of Amazon in 2010. People getting in above $100 might as well be throwing money into a dumpster fire. Edited February 25, 2021 by DoctorEncore 1 Link to comment Share on other sites More sharing options...
Gloves | 11,759 Administrator · Posted February 25, 2021 Share Posted February 25, 2021 Diamond hands, to the MOOON! Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 (edited) 44 minutes ago, DoctorEncore said: Dude, this is not one to wring hands about. This is not real investing. This is 100% speculating. This isn't like investing in Blockbuster instead of Amazon in 2010. People getting in above $100 might as well be throwing money into a dumpster fire. I'll tell you what's not real investing, holding shares of half of the airline stocks, starbucks, wynn, etc. that are inflated like so many sectors of the market. These companys are going to have another bad year and are selling for more than they did before the pandemic. The last week has reminded me of how fragile the market is when we saw big caps like etsy drop 12% in the snap of a finger. So when I see a play that could have netted 40% I will take that all day over trying to create a diversified portfolio in a market with so many pockets of bubbles that a systemic market decline is a high probability. Edited February 25, 2021 by Californication Link to comment Share on other sites More sharing options...
SilverspoonGaming | 331 Posted February 25, 2021 Share Posted February 25, 2021 (edited) I really want to invest in Apple but I cant decide if now is a good time or not. I can only see them going up, but they were down to like $57/share last year. Edited February 25, 2021 by SilverspoonGaming Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted February 25, 2021 Share Posted February 25, 2021 7 hours ago, SilverspoonGaming said: I really want to invest in Apple but I cant decide if now is a good time or not. I can only see them going up, but they were down to like $57/share last year. I'm no expert, but I think Apple is a really good buy right now. They are an extremely healthy company and the stock is about the same price it was in Aug 2020, even though the market has been crazy for tech stocks. Remember, they were never actually trading at $57/share, it just looks that way because the stock split last year and most graphs ignore that. The lowest they've been in many years was about $106 after the split. See the graphs below for the actual price before and after the split. I think Apple will gain 20% or more this year. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 Bought 1 share of GME up 18% and 10 shares of AMC up 9%. I have like 75% of lortfolio in cash I guess my heart just isn't in it today. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted February 25, 2021 Share Posted February 25, 2021 (edited) 10 hours ago, Californication said: I'll tell you what's not real investing, holding shares of half of the airline stocks, starbucks, wynn, etc. that are inflated like so many sectors of the market. These companys are going to have another bad year and are selling for more than they did before the pandemic. The last week has reminded me of how fragile the market is when we saw big caps like etsy drop 12% in the snap of a finger. So when I see a play that could have netted 40% I will take that all day over trying to create a diversified portfolio in a market with so many pockets of bubbles that a systemic market decline is a high probability. I really think that you're leaning into a dangerous attitude that is much more likely to blow up in your face than it is to lead to success. EDIT: and in total seriousness -- cross-referencing your posts HERE with your posts in the politics discussion about whether a $50k student loan debt payoff is necessary or a good idea does NOT serve to make your case in the other thread Edited February 25, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 (edited) 36 minutes ago, arch_8ngel said: I really think that you're leaning into a dangerous attitude that is much more likely to blow up in your face than it is to lead to success. EDIT: and in total seriousness -- cross-referencing your posts HERE with your posts in the politics discussion about whether a $50k student loan debt payoff is necessary or a good idea does NOT serve to make your case in the other thread I'm not investing my money. My money is sitting in a savings account. I'll invest my personal money after the market implodes. Most investing in the current market should be considered dangerous behavior. Edit: and I don't need the govt. to pay off my loan. I am making more money as I keep a position and even more when I chose to take a new position. My argument is that student debt relief is one of the only few options the democrats have to stimulate the economy because the conservatives seem like they will limit most major legislation to reconciliation. Edited February 25, 2021 by Californication Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted February 25, 2021 Share Posted February 25, 2021 16 minutes ago, Californication said: I'm not investing my money. My money is sitting in a savings account. I'll invest my personal money after the market implodes. Most investing in the current market should be considered dangerous behavior. Edit: and I don't need the govt. to pay off my loan. I am making more money as I keep a position and even more when I chose to take a new position. My argument is that student debt relief is one of the only few options the democrats have to stimulate the economy because the conservatives seem like they will limit most major legislation to reconciliation. Since you seem to be saying two different thing, which of these statements is actually true? Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 5 minutes ago, arch_8ngel said: Since you seem to be saying two different thing, which of these statements is actually true? The second statement is related to work. I am in the growth part of my career. I am getting raises bonuses etc. for staying with my current company, but would get paid more if I choose to leave.My argument is that I don't need the govt. to pay my student loans, but that doesn't diminish the fact that other college graduates didn't choose a stable profession like accounting or that the debt relief is the best opportunity available to try and boost the economy. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted February 25, 2021 Share Posted February 25, 2021 12 minutes ago, Californication said: The second statement is related to work. I am in the growth part of my career. I am getting raises bonuses etc. for staying with my current company, but would get paid more if I choose to leave.My argument is that I don't need the govt. to pay my student loans, but that doesn't diminish the fact that other college graduates didn't choose a stable profession like accounting or that the debt relief is the best opportunity available to try and boost the economy. Ah, was reading "position" as a stock position given the context of the rest of the discussion Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 25, 2021 Share Posted February 25, 2021 11 hours ago, Gloves said: Diamond hands, to the MOOON! Bless those crazy r/WSB bastards. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 Glad I am in mostly cash. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted February 25, 2021 Share Posted February 25, 2021 10 minutes ago, Californication said: Glad I am in mostly cash. It has barely even been a "correction" in tech stocks at this point. Link to comment Share on other sites More sharing options...
RH | 4,895 Posted February 25, 2021 Share Posted February 25, 2021 Well it looks like AMC took a beat down today, right on schedule. I'm going to guess there's going to be a weak attempt after hours to pump it up, and tomorrow we should see a further slide. Honestly, I didn't think it'd drop this fast when it would. I might have to re-adjust my target floor range from $6-7, to $5-6. We will see what tomorrow looks like. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted February 25, 2021 Share Posted February 25, 2021 Etsy beat revenue by .49 a share. This should bw interesting. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, Californication said: Glad I am in mostly cash. What is this "cash" you speak of? I prefer my currencies to be full of memes and have an active subreddit. Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,104 Posted February 25, 2021 Share Posted February 25, 2021 1 hour ago, arch_8ngel said: It has barely even been a "correction" in tech stocks at this point. That's nothing. I don't think it counts as a correction in bitcoin unless it hits double digits in one day. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,690 Posted March 1, 2021 Share Posted March 1, 2021 (edited) On 2/24/2021 at 4:08 PM, DoctorEncore said: Oh yeah for sure. You are WAY more likely to lose money on AMC or Gamestop than make money at this point. They are complete joke stocks. The only exception is if you truly buy at the bottom. We both bought at $5.50 which is a reasonable price for the stock. $9 is not. I got some good prices today on Square, Clover Health, and Fuse Acquisition. Those should give me some nice returns over the coming days and weeks. Today was a great day to buy real stocks. I also think Apple is an amazing buy right now. It's down quite a bit from its peak and down for the year. I bet it makes 20% growth by the end of the year. Clover Health having a great run today, up 12% so far. Thanks to last week's selloff, it was a heck of a deal in the high $9 range last week. Earnings is tonight, so clearly the market expects good things and wants to get in while they can. Should be an interesting aftermarket for them tonight. Anyone in for the Oscar Health IPO tomorrow? I will probably try to day trade it and then get out before the day 2 drop. Edited March 1, 2021 by DoctorEncore Link to comment Share on other sites More sharing options...
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