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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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06-01-2021, 11:33 AM
#2761
Originally Posted By topperstyle⏩
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
Lmao what movie is this from?
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*DAD CREW*
*SUPER STRAIGHT*
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06-01-2021, 11:37 AM
#2762
Originally Posted By topperstyle⏩
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
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06-01-2021, 11:46 AM
#2763
Is volume always this poverty in Summer or is it this dumb meme chit ruining the market.
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06-01-2021, 11:57 AM
#2764
Originally Posted By dankydank⏩
Is volume always this poverty in Summer or is it this dumb meme chit ruining the market.
4 day week

job report Friday morning.

when SPY and QQQ are trading +/- 0.25 percent all day you know its weak volume type of day
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06-01-2021, 12:33 PM
#2765
Even this thread is unusually slow today

O&G just ripping hard af, like +$12k today on my portfolio
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06-01-2021, 12:38 PM
#2766
Amazing day. Thanks Biden!
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06-01-2021, 01:03 PM
#2767
not a bad day
"Paper money is going away" - EM
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06-01-2021, 01:07 PM
#2768
Originally Posted By Carbonfibre⏩
Someone will calculate over weekend updated short interest.

You only get burned once.

Who ever shorted AMC here probably learned lesson.

Few billion was lost in span of 2-3 days.

Of course someone else can come in later to short.

I don't think they have learned ****.
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06-01-2021, 01:19 PM
#2769
Seeking non-financial advice on taking profit on the way up on a stock like GME. Crazy not to scrape some when the price is where it is currently? **** is so volatile, could be at $180 tomorrow–I'm not trying to be greedy, just wanting to make a somewhat logical decision on an illogical stock.

Also, asking outside of the Reddit echo chamber.
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06-01-2021, 01:21 PM
#2770
Who knew AMC would be one of my best investments this past year.
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06-01-2021, 02:00 PM
#2771
Originally Posted By _zman⏩
Who knew AMC would be one of my best investments this past year.
One time I had a dumbass try to slowplay what I thought was a boat on me, I ended up making a straight flush on the river lol.

Turns out he had 4 of a kind lmao!

Don't be greedy.



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06-01-2021, 02:09 PM
#2772
Originally Posted By buckeyenutz⏩
Seeking non-financial advice on taking profit on the way up on a stock like GME. Crazy not to scrape some when the price is where it is currently? **** is so volatile, could be at $180 tomorrow–I'm not trying to be greedy, just wanting to make a somewhat logical decision on an illogical stock.

Also, asking outside of the Reddit echo chamber.

I have no clue where this is going.

My expectations are very small $300 I plan to get out. If it starts to tank below $200. Will just sell where I bought it at $150.

It all comes down to how much risk you're willing to take. If you're exposure to GME is 20+ percent of total portfolio and you're getting nervous reduce exposure.

If you got in GME sub $100 than why not take some profits?

Yes, it would suck if GME went to $1000+ share and the regret selling to early would be hard to take.

Take the other side of that what if GME is sub $100 after June 9th.

You can find countless stories of people that sold BTC when it was below $1000 etc.

99.99 percent reason why its trading where it is now is belief shorts never left and tons of DD from superstonk on topics that you would need phd to understand.

Cohen has not said anything but post random gifs on twitter.

June 9th hopefully answers lot of questions.
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06-01-2021, 02:27 PM
#2773
New all time high today, thanks to good ol murican black gold.
STEM Wagie Brah
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06-01-2021, 02:45 PM
#2774
Originally Posted By buckeyenutz⏩
Seeking non-financial advice on taking profit on the way up on a stock like GME. Crazy not to scrape some when the price is where it is currently? **** is so volatile, could be at $180 tomorrow–I'm not trying to be greedy, just wanting to make a somewhat logical decision on an illogical stock.

Also, asking outside of the Reddit echo chamber.
If it were me, I'd sell 50%. That way, you'd probably cover your costs and you wouldn't miss out if it went higher.

Also, keep in mind, the ONLY reason this stock is up is because reddit tried to bankrupt some hedge funds. Not because it's an inherently good investment. The company was quite literally failing before reddit.
See title.

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06-01-2021, 02:59 PM
#2775
BB and AMC after hours

you what?


this feels like January let it run and than rug pull.
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06-01-2021, 03:04 PM
#2776
Ive been riding the oil train heavily since February, haven't even been looking at tech. srs
Sig line can't be a novel
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06-01-2021, 03:14 PM
#2777
Originally Posted By Carbonfibre⏩
BB and AMC after hours

you what?


this feels like January let it run and than rug pull.
CEO is talking up the company to retail investors who probably aren't even looking at financials and realizing and/or don't care that AMC has been losing a lot of money for a long fukn time

and/or sophisticated traders are taking advantage of ^^ that
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06-01-2021, 04:04 PM
#2778
Originally Posted By JungleJenetics⏩
Ive been riding the oil train heavily since February, haven't even been looking at tech. srs
Tech has been going back up. I am pretty psyched.
See title.

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06-01-2021, 04:20 PM
#2779
someone must be covering here after hours.

AMC could hit $40+ premarket tmmrw.

its already touching $39.


how nobody is blowing up over this blows my mind.

might explain all those reverse repos
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06-01-2021, 04:27 PM
#2780
Fcjs going with Amc lol
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06-01-2021, 04:29 PM
#2781
AMC u wot m8
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06-01-2021, 04:39 PM
#2782
AMC: finna dump a bunch of stock, u want in?

Mudrick: ok lol


Totally what that deal was. Why wouldn’t AMC issue stock directly to market? They cut Mudrick in on the action
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06-01-2021, 05:25 PM
#2783
Originally Posted By Carbonfibre⏩
BB and AMC after hours

you what?


this feels like January let it run and than rug pull.
Been holding BB before it became a meme stock. I am for the longterm regardless of what happened.

And do you guys think AMC is the new GME?

Could it go past 100? Maybe even 200? I will finally have a big account if that were to happen.
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06-01-2021, 06:32 PM
#2784
Originally Posted By MinisterOfLust⏩
Been holding BB before it became a meme stock. I am for the longterm regardless of what happened.

And do you guys think AMC is the new GME?

Could it go past 100? Maybe even 200? I will finally have a big account if that were to happen.

Nobody knows.

If we did we would all be driving lambos as winter beaters.



…………..


kinda related saw youtuber being interviewed on business channel this morning about AMC lmao we have come full circle to meme land. \




not a financial advisor just some guy that quit his software job to stream youtube live 8 hours day refreshing GME / AMC tickers and taking super chat questions

last week he turned $10K bet on AMC into $150K all thanks to superchat donators and youtube ad revenue. (he shows his buys live)

sometimes you have to admire the hustle of some of these people.

https://socialblade.com/youtube/c/mattkohrs

https://www.youtube.com/c/MattKohrs/videos
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06-01-2021, 07:10 PM
#2785
sold my meme bags at the bottom months ago fk me
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06-01-2021, 08:00 PM
#2786
Originally Posted By Carbonfibre⏩
I have no clue where this is going.

My expectations are very small $300 I plan to get out. If it starts to tank below $200. Will just sell where I bought it at $150.

It all comes down to how much risk you're willing to take. If you're exposure to GME is 20+ percent of total portfolio and you're getting nervous reduce exposure.

If you got in GME sub $100 than why not take some profits?

Yes, it would suck if GME went to $1000+ share and the regret selling to early would be hard to take.

Take the other side of that what if GME is sub $100 after June 9th.

You can find countless stories of people that sold BTC when it was below $1000 etc.

99.99 percent reason why its trading where it is now is belief shorts never left and tons of DD from superstonk on topics that you would need phd to understand.

Cohen has not said anything but post random gifs on twitter.

June 9th hopefully answers lot of questions.
Originally Posted By Lefticle⏩
If it were me, I'd sell 50%. That way, you'd probably cover your costs and you wouldn't miss out if it went higher.

Also, keep in mind, the ONLY reason this stock is up is because reddit tried to bankrupt some hedge funds. Not because it's an inherently good investment. The company was quite literally failing before reddit.
Thank you for the replies. I’ve held for months and only bought more during dips—my most expensive purchase being 2 @ $232 last week—which turned profitable today. I’ve only invested what I didn’t care to lose (up to around $7K at the moment) and have almost covered my initial investment.

To your point about the bias on Reddit CF—I don’t take it too seriously; however, some of the DD in there is compelling (not particularly around covered speculation for me, more around looking at levels of significance around beta and other metrics—which, oddly enough you mention a PhD, I’m actually working on my doctorate in business admin now, lmao).

I think I’ll look at where it’s at tomorrow, if it gets close to $280, I’ll sell my original investment as profit and then just keep the rest and see how 6/9 goes. Outside of options, from a risk perspective, I’ve never messed with something so volatile on a daily basis—definitely not used to these insane swings.
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06-01-2021, 09:41 PM
#2787
Gme to the mooooooooooooooooooooooooooooooooooooooooooon
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06-01-2021, 09:46 PM
#2788
Originally Posted By buckeyenutz⏩
Thank you for the replies. I’ve held for months and only bought more during dips—my most expensive purchase being 2 @ $232 last week—which turned profitable today. I’ve only invested what I didn’t care to lose (up to around $7K at the moment) and have almost covered my initial investment.

To your point about the bias on Reddit CF—I don’t take it too seriously; however, some of the DD in there is compelling (not particularly around covered speculation for me, more around looking at levels of significance around beta and other metrics—which, oddly enough you mention a PhD, I’m actually working on my doctorate in business admin now, lmao).

I think I’ll look at where it’s at tomorrow, if it gets close to $280, I’ll sell my original investment as profit and then just keep the rest and see how 6/9 goes. Outside of options, from a risk perspective, I’ve never messed with something so volatile on a daily basis—definitely not used to these insane swings.
Congrats on the doctoral.
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06-02-2021, 01:47 AM
#2789
Originally Posted By TugOfPeace⏩
AMC.. holy moly. this is starting to look like an early stage GME
this but i feel this is a lot bigger than gme…

i am starting to think they just can't cover… too many synthetic shares
"Paper money is going away" - EM
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06-02-2021, 02:20 AM
#2790
Originally Posted By camaleom⏩
this but i feel this is a lot bigger than gme…

i am starting to think they just can't cover… too many synthetic shares
Pretty sure it’s the same problem for both.

Not sure how they can unwind this.
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