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» **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
05-26-2021, 08:04 AM
#2311
"creates value for the world" investing money on any company generate value for the world… AMC provides entertainment and that my fried is f'ing value for a lot of people!
"Paper money is going away" - EM
Quote
05-26-2021, 08:08 AM
#2312
Originally Posted By Destor⏩
300 apes would be better off spending their time/energy doing something that creates value for the world, this is all silly stuff to focus on IMHO
It will hopefully entice hedge funds to think twice before over leveraging to short in the future. Some shorting is healthy in the market imo, but what they did and continue to do with the shorting and just the manipulation alone I would think would piss people off and make people want to hold them accountable. How greedy do they have to be to continue to double down? They have even done this to stocks like TTCF that have already sold off and they already made a killing shorting, did they really think it would go to a $1? because by their shorting it sure seems like that was their end game with their greed. AMC and GME are just the blatant examples people are focusing on.
There's substantial undeniable evidence of fraudulent activity on their part, the game isn't set up fair for retail investors/traders. Which is fine with me, but this time they took on the risk and should have to pay the price.
Securities act of 1933 only allows "accreddited investors" with a minimum of $1 million in assets to invest with them. So average retail investors can't even utilize hedge funds, not really fair either.
So for me it's not silly, I'm still working my other jobs everyday as well. Just seemed like a good opportunity for a good return and for a good cause at the same time.
Isn't the minute transfer of wealth (in the event of squeezes) long term healthy for the market?
They should get called on their chit. If it were any of us we would have been margin called already on a lot of these, in addition we wouldn't have all the levers to be able to pull. Also, naked shorting is ILLEGAL and the evidence is there showing it is occurring.
They need to go short a stock that makes sense, like Tesla lmao. (although I really want tesla to hit $1000 first pls)
that was long
05-26-2021, 08:13 AM
#2313
gunna be a great weak boyos might have to cop this mclaren soon srs lol
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05-26-2021, 08:18 AM
#2314
Originally Posted By TugOfPeace⏩
You trying to get in lower? What does it matter when the moon mission launches?
need a good red day, wtf is all this green
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05-26-2021, 08:19 AM
#2315
Originally Posted By lntense⏩
I’m not complaining but I made some quick money last year and the irs taxed the fuk out of me.
Easy way to make quick money. Wish people would buy the stock though lol.
Also, in before massive holiday sell off. Stay safe boyos.
05-26-2021, 08:25 AM
#2316
Is the short interest float on GME only like 20%? I'm debating selling at $300
05-26-2021, 08:26 AM
#2317
Anyone have a good link for cliffs on the AMC thing? Thinking about gambling some money in but haven't been following it really.
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
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05-26-2021, 08:28 AM
#2318
Originally Posted By Venom08⏩
imho this will go a lot higher than last time because there are A LOT more people into it right now (same for amc)
Is the short interest float on GME only like 20%? I'm debating selling at $300
I am selling on the way down even if i miss a few $$
"Paper money is going away" - EM
05-26-2021, 08:29 AM
#2319
Originally Posted By lntense⏩
People seem to have painted this mental image where hedge funds are generating tons of cash for fat cats. Hedge funds are not typically used by individuals period, their Clients are generally institutions who pool together and manage money for a larger group like labour unions, pension funds, corporations, governments, etc
It will hopefully entice hedge funds to think twice before over leveraging to short in the future. Some shorting is healthy in the market imo, but what they did and continue to do with the shorting and just the manipulation alone I would think would piss people off and make people want to hold them accountable. How greedy do they have to be to continue to double down? They have even done this to stocks like TTCF that have already sold off and they already made a killing shorting, did they really think it would go to a $1? because by their shorting it sure seems like that was their end game with their greed. AMC and GME are just the blatant examples people are focusing on.
There's substantial undeniable evidence of fraudulent activity on their part, the game isn't set up fair for retail investors/traders. Which is fine with me, but this time they took on the risk and should have to pay the price.
Securities act of 1933 only allows "accreddited investors" with a minimum of $1 million in assets to invest with them. So average retail investors can't even utilize hedge funds, not really fair either.
So for me it's not silly, I'm still working my other jobs everyday as well. Just seemed like a good opportunity for a good return and for a good cause at the same time.
Isn't the minute transfer of wealth (in the event of squeezes) long term healthy for the market?
They should get called on their chit. If it were any of us we would have been margin called already, in addition we wouldn't have all the levers to be able to pull. Also, naked shorting is ILLEGAL and the evidence is there showing it is occurring.
They need to go short a stock that makes sense, like Tesla lmao.
that was long
There's substantial undeniable evidence of fraudulent activity on their part, the game isn't set up fair for retail investors/traders. Which is fine with me, but this time they took on the risk and should have to pay the price.
Securities act of 1933 only allows "accreddited investors" with a minimum of $1 million in assets to invest with them. So average retail investors can't even utilize hedge funds, not really fair either.
So for me it's not silly, I'm still working my other jobs everyday as well. Just seemed like a good opportunity for a good return and for a good cause at the same time.
Isn't the minute transfer of wealth (in the event of squeezes) long term healthy for the market?
They should get called on their chit. If it were any of us we would have been margin called already, in addition we wouldn't have all the levers to be able to pull. Also, naked shorting is ILLEGAL and the evidence is there showing it is occurring.
They need to go short a stock that makes sense, like Tesla lmao.
that was long
So if you're looking to transfer wealth from hedge funds, you're likely hurting the managers but are mostly hoping to transfer it from other "retail" investors who don't actively manage their own investments
The whole thing is a waste of energy IMO
05-26-2021, 08:33 AM
#2320
Originally Posted By Destor⏩
People seem to have painted this mental image where hedge funds are generating tons of cash for fat cats. Hedge funds are not typically used by individuals period, their Clients are generally institutions who pool together and manage money for a larger group like labour unions, pension funds, corporations, governments, etc
So if you're looking to transfer wealth from hedge funds, you're likely hurting the managers but are mostly hoping to transfer it from other "retail" investors who don't actively manage their own investments
The whole thing is a waste of energy IMO
So if you're looking to transfer wealth from hedge funds, you're likely hurting the managers but are mostly hoping to transfer it from other "retail" investors who don't actively manage their own investments
The whole thing is a waste of energy IMO
It's really not about that. They can do whatever they want with their money regardless of whose it is.
It's more about the blatant illegal actions on their part with impunity thus far, which is enough to have made me want to see them answer for a lot of the things they have done behind the scenes.
Stock market police<<<<< I know lol.
No, I just see an opportunity with more upside overall than downside, financially and morally.
Also being up 40k on 2 companies that were supposed to go bankrupt due to shorting would probably have you saying it was energy well expended.
Originally Posted By JoshSP1985⏩
Anyone have a good link for cliffs on the AMC thing? Thinking about gambling some money in but haven't been following it really.
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
Pmed
05-26-2021, 08:40 AM
#2321
Fuk it, out at $245
05-26-2021, 08:41 AM
#2322
Originally Posted By lntense⏩
This is strongly reminiscent of crypto, we have a list of excuses for why we're doing this but reality is that people are just in it for a get-rich-quick scheme
It's really not about that. They can do whatever they want with their money regardless of whose it is.
It's more about the blatant illegal actions on their part with impunity thus far, which is enough to have made me want to see them answer for a lot of the things they have done behind the scenes.
Stock market police<<<<< I know lol.
No, I just see an opportunity with more upside overall than downside, financially and morally.
Also being up 40k on 2 companies that were supposed to go bankrupt due to shorting would probably have you saying it was energy well expended.
It's more about the blatant illegal actions on their part with impunity thus far, which is enough to have made me want to see them answer for a lot of the things they have done behind the scenes.
Stock market police<<<<< I know lol.
No, I just see an opportunity with more upside overall than downside, financially and morally.
Also being up 40k on 2 companies that were supposed to go bankrupt due to shorting would probably have you saying it was energy well expended.
Shorting does not make companies go bankrupt, a failing business model makes companies go bankrupt. And companies with failing business models should go bankrupt, that's how capitalism is designed to work.
Making money off this doesn't preclude it being a waste of energy, I'm saying it's a waste because nothing of value is created.
05-26-2021, 08:44 AM
#2323
Originally Posted By Venom08⏩
Fuk it, out at $245
Originally Posted By Destor⏩
For me it's very different than crypto, the numbers don't lie for AMC(well if they weren't manipulated in any way), a lot of the same crowd are in both though that's for sure. But I am only a bitcoin/ethereum holder for the long term. Fuk the chit coins.
This is strongly reminiscent of crypto, we have a list of excuses for why we're doing this but reality is that people are just in it for a get-rich-quick scheme
Shorting does not make companies go bankrupt, a failing business model makes companies go bankrupt. And companies with failing business models should go bankrupt, that's how capitalism is designed to work.
Making money off this doesn't preclude it from being a waste of energy, I'm saying it's a waste because nothing of value is created. This is not how it's done brahs.
Shorting does not make companies go bankrupt, a failing business model makes companies go bankrupt. And companies with failing business models should go bankrupt, that's how capitalism is designed to work.
Making money off this doesn't preclude it from being a waste of energy, I'm saying it's a waste because nothing of value is created. This is not how it's done brahs.
I'll admit with chit coins I was ONLY in to make a quick buck on things like dogecoin.
To be fair I do believe a good chunk of the holders believe in the moral component and it is a factor for them deciding to hold a position in AMC. Of course the majority want to acquire wealth quickly and that's the only reason they are in, who doesn't want wealth quickly. It's a combination of factors for me and the level of risk vs return for me.
At the least is exposing illegal activity not valuable in your opinion?
05-26-2021, 08:48 AM
#2324
Originally Posted By Venom08⏩
hey congrats to you - if u made money and you are happy with your gains then so be it!
Fuk it, out at $245
"Paper money is going away" - EM
05-26-2021, 08:48 AM
#2325
Originally Posted By Venom08⏩
gg brah
Fuk it, out at $245
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05-26-2021, 08:53 AM
#2326
We millionaire now?
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05-26-2021, 08:54 AM
#2327
Originally Posted By Venom08⏩
No matter what you say you will regret it.
Fuk it, out at $245
Why would anyone choose to exit at this point…
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05-26-2021, 09:04 AM
#2328
Originally Posted By Destor⏩
This is strongly reminiscent of crypto, we have a list of excuses for why we're doing this but reality is that people are just in it for a get-rich-quick scheme
Shorting does not make companies go bankrupt, a failing business model makes companies go bankrupt. And companies with failing business models should go bankrupt, that's how capitalism is designed to work.
Making money off this doesn't preclude it being a waste of energy, I'm saying it's a waste because nothing of value is created.
Shorting does not make companies go bankrupt, a failing business model makes companies go bankrupt. And companies with failing business models should go bankrupt, that's how capitalism is designed to work.
Making money off this doesn't preclude it being a waste of energy, I'm saying it's a waste because nothing of value is created.
Whole stock market / crypto / real estate is built on speculation. Going back thousands of years.
You're posts come off like bit of jealousy.
What if everyone was buying oil stocks? Would that be better.
Let people do what they want to. If they lose money so be it. Glad its not me but you type of deal.
Hedge fund managers are the 1% that don't give a chiit about you / where you work or what your employer does if there is chance to drive you to ground or make profits they will do it.
This guy is hurting sooo much
Why does he need $122 million dollar mansion and 5 other mansions?
https://www.cnbc.com/2019/01/22/bill...n-mansion.html
Originally Posted By MinisterOfLust⏩
Very dangerous to say that.
No matter what you say you will regret it.
Why would anyone choose to exit at this point…
Why would anyone choose to exit at this point…
Profit is profit.
That last sentence is the reason for bag holding.
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05-26-2021, 09:04 AM
#2329
I capitulated a low six figure account last year and scrapped together a grand to start over. I got it up to $4k with amc calls in jan but because of the fukery coulent sell. It was $3k at one point. Now I had a third of it in three GME shares and sold for a $200 profit. My account is almost $2k.
It’s sad and am currently unemployed/looking for a job. I got my Masters in medical science in December 2020 and have no idea where to find work. I’m even applying to sell cars since it’s been a month or two since I applied to medical device sales jobs.
It’s sad and am currently unemployed/looking for a job. I got my Masters in medical science in December 2020 and have no idea where to find work. I’m even applying to sell cars since it’s been a month or two since I applied to medical device sales jobs.
05-26-2021, 09:09 AM
#2330
Originally Posted By Venom08⏩
Profit is profit. I haven't doubled my investment yet, when it gets there I'll be playing with house money.
Fuk it, out at $245
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05-26-2021, 09:12 AM
#2331
Originally Posted By Carbonfibre⏩
agreed i was up 30k when gme went 350 last time and then it just randomly dropped. got to greey missed out on 30k profit
Whole stock market / crypto / real estate is built on speculation. Going back thousands of years.
You're posts come off like bit of jealousy.
What if everyone was buying oil stocks? Would that be better.
Let people do what they want to. If they lose money so be it. Glad its not me but you type of deal.
Hedge fund managers are the 1% that don't give a chiit about you / where you work or what your employer does if there is chance to drive you to ground or make profits they will do it.
This guy is hurting sooo much
Why does he need $122 million dollar mansion and 5 other mansions?
https://www.cnbc.com/2019/01/22/bill...n-mansion.html
Very dangerous to say that.
Profit is profit.
That last sentence is the reason for bag holding.
You're posts come off like bit of jealousy.
What if everyone was buying oil stocks? Would that be better.
Let people do what they want to. If they lose money so be it. Glad its not me but you type of deal.
Hedge fund managers are the 1% that don't give a chiit about you / where you work or what your employer does if there is chance to drive you to ground or make profits they will do it.
This guy is hurting sooo much
Why does he need $122 million dollar mansion and 5 other mansions?
https://www.cnbc.com/2019/01/22/bill...n-mansion.html
Very dangerous to say that.
Profit is profit.
That last sentence is the reason for bag holding.
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05-26-2021, 09:12 AM
#2332
And yes Venom GME short interest is 20%.
This move today seems like related to the NFT site that GME went up yesterday.
This move today seems like related to the NFT site that GME went up yesterday.
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05-26-2021, 09:16 AM
#2333
Yeah, the fact that it’s only 20% tells me that the move to $1000 or whatever targets I’ve heard won’t happen. I’m simply selling into the strength, it doesn’t mean it won’t touch $350 by Friday. I lost confidence when DFV said he’d stop making updates. It tells me he was preparing to sell out and didn’t want to cause a selling frenzy during those times.
05-26-2021, 09:16 AM
#2334
Originally Posted By Venom08⏩
what were you planning on doing with that? so interesting.
I got my Masters in medical science in December 2020 and have no idea where to find work. .
05-26-2021, 09:16 AM
#2335
Originally Posted By JoshSP1985⏩
treys trades on YT. second option would be Matt Kohrs. The do live streams with live price charts too.
Anyone have a good link for cliffs on the AMC thing? Thinking about gambling some money in but haven't been following it really.
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
It's pretty much guaranteed to jump at some level right since the shorts have to cover? So it'll be about when you get out?
05-26-2021, 09:16 AM
#2336
Originally Posted By Carbonfibre⏩
Was the VW big short around 12%?
And yes Venom GME short interest is 20%.
This move today seems like related to the NFT site that GME went up yesterday.
This move today seems like related to the NFT site that GME went up yesterday.
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05-26-2021, 09:22 AM
#2337
Originally Posted By Venom08⏩
Shut the fuk up. Do not give me this chit. You could literally start driving for uber/lyft/doordash/amazon TODAY. You could also get a job at literally any restaurant TODAY. Apply at a construction company as there is a huge labor shortage everywhere. Buy a lawnmower and mow lawns. Trim their bushes. Start a gay OnlyFans account. There are an abundance of jobs available, you just don't want them. I am sick as fuk of this attitude.
I capitulated a low six figure account last year and scrapped together a grand to start over. I got it up to $4k with amc calls in jan but because of the fukery coulent sell. It was $3k at one point. Now I had a third of it in three GME shares and sold for a $200 profit. My account is almost $2k.
It’s sad and am currently unemployed/looking for a job. I got my Masters in medical science in December 2020 and have no idea where to find work. I’m even applying to sell cars since it’s been a month or two since I applied to medical device sales jobs.
It’s sad and am currently unemployed/looking for a job. I got my Masters in medical science in December 2020 and have no idea where to find work. I’m even applying to sell cars since it’s been a month or two since I applied to medical device sales jobs.
Tempted to neg.
See title.
Always Neg Back Crew.
05-26-2021, 09:23 AM
#2338
Originally Posted By Lefticle⏩
got damn. truth bomb out of left field….lol
Shut the fuk up. Do not give me this chit. You could literally start driving for uber/lyft/doordash/amazon TODAY. You could also get a job at literally any restaurant TODAY. Apply at a construction company as there is a huge labor shortage everywhere. Buy a lawnmower and mow lawns. Trim their bushes. Start a gay OnlyFans account. There are an abundance of jobs available, you just don't want them. I am sick as fuk of this attitude.
Tempted to neg.
Tempted to neg.
venom, good luck. srs
05-26-2021, 09:23 AM
#2339
Originally Posted By buckeyenutz⏩
Lmfao no.
Was the VW big short around 12%?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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05-26-2021, 09:24 AM
#2340
Originally Posted By buckeyenutz⏩
Yes, but that can't be compared anymore.
Was the VW big short around 12%?
VW squeezed once and it was over.
GME is doing things that haven't happened before.
That chart above should tell you that who got burned January shorting it got out or reduced significantly. Number is still high but no where to the level it was 3 months ago.
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