Side Hustle
01-27-2021, 09:51 AM
#661
New Hire
Joined APC: Jan 2015
Position: Concourse A
Posts: 780
[QUOTE=LAXtoDEN;3186985]Update: $GME jumped to $310 a share, shorts finally covered and officially took the L this morning. All I can say is wow.
https://www.cnbc.com/2021/01/27/game...tml[/QUOTE]
I’m lucky..been on WSB for a couple of years. Bought in at $38..sold PM this morning..roughly one week just under 10x. Been a stressful fun ride, but the shorts that did this made it all to easy.
smaller amount of AMC produced 4x in just in 1day.
cashed out for now
https://www.cnbc.com/2021/01/27/game...tml[/QUOTE]
I’m lucky..been on WSB for a couple of years. Bought in at $38..sold PM this morning..roughly one week just under 10x. Been a stressful fun ride, but the shorts that did this made it all to easy.
smaller amount of AMC produced 4x in just in 1day.
cashed out for now
01-27-2021, 06:07 PM
#662
Gets Weekends Off
Joined APC: Jan 2021
Posts: 1,121
Originally Posted by Gunfighter
My college age son is active on reddit. I thought he was just comparing gaming strategies. Apparently he's been on r/wallstreetbets. He used his discretionary college funds to open a Robinhood account and joined the crowd in squeezing the GME shorts. The way he explains it, there is a mob mentality of retail traders who want to "stick it to the man". He knows it's a fools errand and closed a portion of his position after a 4x gain. I'm not sure if I should applaud his interest in trading or be worried about a gambling problem. At least he has demonstrated initiative in looking for ways to make a buck.
I’m actually really upset now as well on how they’re using the SEC to bail them out yet they gamble with money everyday. This just became personal for many investors.
The new movement on Reddit is “we’re the Whales now, you’re the bottom feeders” 😂😂😂
Like I said this is biblical, the SEC is jumping on CNBC making threats as we speak, but **** them.
Watch the Chamath Palihapitiya interview on CNBC.
Last edited by LAXtoDEN; 01-27-2021 at 06:29 PM.
01-27-2021, 07:08 PM
#663
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
Originally Posted by LAXtoDEN
I’m still holding $AMC, I don’t care about the over 350% I’m up on it. They actually have threatened multiple times on halting trading and “price manipulation” fines. Yet all these renewable energy stocks with zero profit are up a zillion. This originally was a “stick it to the short hedge funds” now it’s a stick it to the suits. Hedge funds trade off momentum, yet they now claim this is reckless?
I’m actually really upset now as well on how they’re using the SEC to bail them out yet they gamble with money everyday. This just became personal for many investors.
The new movement on Reddit is “we’re the Whales now, you’re the bottom feeders” 😂😂😂
Like I said this is biblical, the SEC is jumping on CNBC making threats as we speak, but **** them.
Watch the Chamath Palihapitiya interview on CNBC.
I’m actually really upset now as well on how they’re using the SEC to bail them out yet they gamble with money everyday. This just became personal for many investors.
The new movement on Reddit is “we’re the Whales now, you’re the bottom feeders” 😂😂😂
Like I said this is biblical, the SEC is jumping on CNBC making threats as we speak, but **** them.
Watch the Chamath Palihapitiya interview on CNBC.
There are many entry doors to get on a short squeeze and ride it up. Never forget that there is only one exit door. Don't be late to the door. The ride down will be much faster than the ride up.
01-27-2021, 07:20 PM
#664
Gets Weekends Off
Joined APC: Dec 2013
Posts: 2,236
Originally Posted by LAXtoDEN
I’m still holding $AMC, I don’t care about the over 350% I’m up on it. They actually have threatened multiple times on halting trading and “price manipulation” fines. Yet all these renewable energy stocks with zero profit are up a zillion. This originally was a “stick it to the short hedge funds” now it’s a stick it to the suits. Hedge funds trade off momentum, yet they now claim this is reckless?
I’m actually really upset now as well on how they’re using the SEC to bail them out yet they gamble with money everyday. This just became personal for many investors.
The new movement on Reddit is “we’re the Whales now, you’re the bottom feeders” 😂😂😂
Like I said this is biblical, the SEC is jumping on CNBC making threats as we speak, but **** them.
Watch the Chamath Palihapitiya interview on CNBC.
I’m actually really upset now as well on how they’re using the SEC to bail them out yet they gamble with money everyday. This just became personal for many investors.
The new movement on Reddit is “we’re the Whales now, you’re the bottom feeders” 😂😂😂
Like I said this is biblical, the SEC is jumping on CNBC making threats as we speak, but **** them.
Watch the Chamath Palihapitiya interview on CNBC.
01-27-2021, 07:44 PM
#665
Gets Weekends Off
Joined APC: Feb 2007
Position: Big ones
Posts: 708
Well it seems to be an interesting phenomenon. Big fund managers have been able to move markets by the huge sums of money they command. Now those similar dollar amounts are dispersed among hundreds or thousands of ‘small time’ investors who seem able to coordinate similar momentum via social media. I wonder how short sellers manage that new variable
01-27-2021, 07:49 PM
#666
Gets Weekends Off
Joined APC: Jan 2021
Posts: 1,121
Originally Posted by Nantonaku
Palihapitiya manipulated the market by announcing he was buying GME on Twitter(he has 1 million followers). The next day he sells all his shares. How much did he make? Just like Ackman announces on CNBC last April the world needs to shut down and then throws in millions of dollars into the market at the low points he helped to create and proceeds to make almost a half billion dollars. I agree with Chamaths sentiment but he isn’t a friend of the common man.
He was also late to the party when he bought shares, but early enough to ride the massive wave.
01-29-2021, 09:50 AM
#667
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
With all the press surrounding GME the squeeze will be ending sooner, rather than later. I am very interested in selling two Jan, 2022 100.00 calls and taking the 50K and buying a bunch of Jan, 2023 40.00 puts. Actual future value of the stock is probably about zero.
Edit: this is not trading advice. Go see a professional before making any investment decisions. Do not get your investment advice from an internet forum.
Edit: this is not trading advice. Go see a professional before making any investment decisions. Do not get your investment advice from an internet forum.
01-29-2021, 12:32 PM
#668
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
Originally Posted by Seneca Pilot
With all the press surrounding GME the squeeze will be ending sooner, rather than later. I am very interested in selling two Jan, 2022 100.00 calls and taking the 50K and buying a bunch of Jan, 2023 40.00 puts. Actual future value of the stock is probably about zero.
Edit: this is not trading advice. Go see a professional before making any investment decisions. Do not get your investment advice from an internet forum.
Edit: this is not trading advice. Go see a professional before making any investment decisions. Do not get your investment advice from an internet forum.
Didn't pull the trigger, not time yet.
02-03-2021, 04:13 PM
#670
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,191
Intresting 20 min read about crypto currencies if anyone does that...I'm interested in ur take. Seems well researched
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
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