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Forum » How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees
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Thread: How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees

post 1629808903 01-27-2021, 12:14 AM
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#271
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Originally Posted By fupduckbad⏩
Safer play in terms of shorting you mean ?
I wouldn't risk shorting either of them tbh. I highly doubt it's only retail going long on these stocks. The upside for AMC is much greater given they have enough cash to last 2 years and they're undervalued in general. I plan on riding out this wave and holding some longer term as they pay a handsome dividend.
post 1629808963 01-27-2021, 12:17 AM
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#272
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Originally Posted By CptClean⏩
If you get them when it pops to like 250 maybe, those are going to be minimum like 5k each though the IV is insane.
No way they will cost more than 1k each for a strike at 100. In any case I want to invest around 5k so that would be fine
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post 1629809493 01-27-2021, 12:33 AM
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Guys theres TWO AMC... AMC entertainment or AMC Networks... which 1 is it? and did you buy the right 1?
post 1629809533 01-27-2021, 12:34 AM
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#274
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Originally Posted By entropy91⏩
I wouldn't risk shorting either of them tbh. I highly doubt it's only retail going long on these stocks. The upside for AMC is much greater given they have enough cash to last 2 years and they're undervalued in general. I plan on riding out this wave and holding some longer term as they pay a handsome dividend.
Which AMC? theres two... entertainment or network?
post 1629809663 01-27-2021, 12:37 AM
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#275
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Originally Posted By fupduckbad⏩
No way they will cost more than 1k each for a strike at 100. In any case I want to invest around 5k so that would be fine
03/19 100p are $4390
One day scientists are going to kill us all.
post 1629809753 01-27-2021, 12:39 AM
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#276
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Lol I love when the WSB schemes actually work. Most of the time they don't. Ask me how I know.

Literally lost $3000 on fukkin CORN a few months back thanks to WSB. Then there was the $2500 I lost in one day on RKT calls.
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post 1629810233 01-27-2021, 12:53 AM
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#277
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Originally Posted By LinuxJon⏩
Lol I love when the WSB schemes actually work. Most of the time they don't. Ask me how I know.

Literally lost $3000 on fukkin CORN a few months back thanks to WSB. Then there was the $2500 I lost in one day on RKT calls.
Just get some AMC calls 1-2 years out and sit on them
post 1629810293 01-27-2021, 12:56 AM
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#278
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Proud to be a part of this movement against Melvin and other hedge funds. This is been a wild rollercoaster ride. Went from $165 to $61 in a matter of minutes. I was shook. And now we are over $200 lmao. I sold my initial investment at $135 so now im comfortable holding as long as needed for the actual short squeeze to take place.
post 1629811103 01-27-2021, 01:25 AM
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#279
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How do you trade out of hours or see the out of hours price? My apps are still showing the closing price of $146
post 1629811153 01-27-2021, 01:27 AM
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Originally Posted By CptClean⏩
I turned 6k into 60k on monday had a **** load of NOK, BB, and BBBY calls.

Sold the NOK, BB and bbby still rolling.
same **** happening to me, turned 5k to 50k in one of my gambling accounts with NOK, BB and GME calls... sold all of GME calls to shares @ $80/GME cause thats how you play for the squeeze and sold all NOK (which is purely speculative play)... holding deep ITM BB calls which has another year to expiry...
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post 1629811763 01-27-2021, 01:49 AM
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'Big Short' investor Michael Burry is not happy with the autist even though he made 1400% on his position in 4 months.

Michael Burry slammed day traders who have worked in concert to boost GameStop‘s stock price and squeeze short-sellers in recent days, and called on federal regulators to investigate them.

“If I put $GME on your radar, and you did well, I’m genuinely happy for you,” the Scion Asset Management boss tweeted on Tuesday.

“However, what is going on now – there should be legal and regulatory repercussions. This is unnatural, insane, and dangerous,” he added, tagging the Securities and Exchange Commission’s enforcement arm. The tweet was deleted minutes later.

Scion owned 1.7 million GameStop shares at the end of September. Assuming Burry hasn’t altered the size of the holding, it has ballooned in value from about $US17 million to $US250 million as of Tuesday’s close — an almost 1,400% gain in under four months.
post 1629811863 01-27-2021, 01:52 AM
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#282
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Originally Posted By meteoraniac⏩
same **** happening to me, turned 5k to 50k in one of my gambling accounts with NOK, BB and GME calls... sold all of GME calls to shares @ $80/GME cause thats how you play for the squeeze and sold all NOK (which is purely speculative play)... holding deep ITM BB calls which has another year to expiry...
IV on NOK when I bought them was like 60% and when I sold them it was 280% so pretty happy to just cash that. If it doesn't move again today I'm gonna hop back on with a bunch 3/19 6c
One day scientists are going to kill us all.
post 1629812753 01-27-2021, 02:29 AM
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#283
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BTW, for those kicking themselves for missing out, keep these things in mind:

1) This isn't investing. This is gambling with the stock market as your game. What you've got here is a game of high stakes poker with a large pot.
2) Winning a game like this is all about timing. Somebody is going to be left holding the bag. Right now it looks like the hedge fund managers, but keep in mind that those are professionals trying to save their jobs. If they can shift the bulk of the losses to unsophisticated players who jumped in late, they will. You don't want to be one of them.
3) These are short term capital gains. They are subject to full federal, state, and local taxes just like your income. That can easily mean ~50% gone in taxes (e.g., for California residents). If you're reading that somebody turned $20K into $200K in a week, their take home might actually only be $90K after taxes (50% x ($200K - $20K)). That's still a lot of money, but this is the downside of playing the market instead of investing in the market. Long term capital gains tax rates are much lower.
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post 1629813663 01-27-2021, 03:11 AM
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#284
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Originally Posted By saltypits⏩
You're talking about an operating line of credit.

That's a far cry from LET'S OPEN 15000 LOCATIONS or BIG HQ!! that some companies do.
The terms of that line of credit will be worse for buyer or seller if their stock is under pressure

Just belt up already, you have no clue what you are talking about
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post 1629813923 01-27-2021, 03:28 AM
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#285
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Originally Posted By MiscInformed⏩
BTW, for those kicking themselves for missing out, keep these things in mind:

1) This isn't investing. This is gambling with the stock market as your game. What you've got here is a game of high stakes poker with a large pot.
2) Winning a game like this is all about timing. Somebody is going to be left holding the bag. Right now it looks like the hedge fund managers, but keep in mind that those are professionals trying to save their jobs. If they can shift the bulk of the losses to unsophisticated players who jumped in late, they will. You don't want to be one of them.
3) These are short term capital gains. They are subject to full federal, state, and local taxes just like your income. That can easily mean ~50% gone in taxes (e.g., for California residents). If you're reading that somebody turned $20K into $200K in a week, their take home might actually only be $90K after taxes (50% x ($200K - $20K)). That's still a lot of money, but this is the downside of playing the market instead of investing in the market. Long term capital gains tax rates are much lower.
Disagree. Its only gambling if you go all in and YOLO your money, but that is the case for every investment. GME was severely undervalued and in light of recents developments the stock price should have been way higher. Also the theory about the short squeeze was genuine and if you know what you are doing the chances of success was considerable
post 1629814203 01-27-2021, 03:41 AM
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#286
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Originally Posted By MotorCityCobra⏩
Disagree. Its only gambling if you go all in and YOLO your money, but that is the case for every investment. GME was severely undervalued and in light of recents developments the stock price should have been way higher. Also the theory about the short squeeze was genuine and if you know what you are doing the chances of success was considerable
The average Joe doesn’t see ‘investing’ as ‘gambling’. To him, they are two separate boxes. He’s wrong, of course, since every investment, a house, a stock, a bond, holding cash, crypto, whatever is always a calculated gamble. This was no different
2023 bertie awards 2024 nominations

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post 1629814643 01-27-2021, 04:00 AM
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#287
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Love to see the little guys stick it to hedge fund *******s. They've made billions playing by different rules than the rest of us forever.

Phuk them and I hope all their shorts get squeezed.
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post 1629814723 01-27-2021, 04:03 AM
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#288
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What the phuck are the cliffs for the future?

Are people hodling? Selling?
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post 1629814833 01-27-2021, 04:06 AM
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#289
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GME is 340 in pre trading. lmao I was like lmao
post 1629814923 01-27-2021, 04:08 AM
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According to CNBC Melvin is out, could be a lie though
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post 1629815183 01-27-2021, 04:20 AM
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edit there is some controversy on whether its AMCX or AMC. Please do your own research!

------------------------
Originally Posted By lilbloaty⏩
just bought some amc lol
Its AMCX guys. I see AMC is popping too. Probably like how an unrelated sensor company Signal Advance popped after Elon tweeted how he loved Signal
Originally Posted By Ragnerlothbrok⏩
Which AMC? theres two... entertainment or network?


Make sure it has the X at the end
post 1629815283 01-27-2021, 04:23 AM
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#292
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Originally Posted By Ragnerlothbrok⏩
Which AMC? theres two... entertainment or network?
Inb4 twenty miscers buy the wrong one
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1629815383 01-27-2021, 04:27 AM
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#293
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Originally Posted By samsbolton⏩
Inb4 twenty miscers buy the wrong one
I put 1k into Entertainment originally lmao I cancelled awhile ago though waiting for the market to open. Good to know now
AP7 crew
post 1629815463 01-27-2021, 04:30 AM
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#294
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Originally Posted By Weezy32⏩
This just proves to me that stocks are nothing but straight up gambling at this point. The stock price is supposed to be based on business potential, financial statements, and going concern.

All that has been out of the window for the last 10 years or so.... Now its all about **** if the company is actually worth this much its all about do i think other people will be buying or selling this stock today and is there any new bull**** articles coming out for this company.


Gamestop is a blockbuster of gaming even if you look at the newest generation consoles both of them come with a digital-only version which gamestop will make 0 money from.

Even using Gamestop as an outlier you look at companies like Tesla there is no way Tesla should be worth what it is right now and even Elon Musk has said the stock is overpriced.


You can also look at Uber stock and you have to laugh at its valuation considering the company has been losing money for years with no profits in sight. They just sold their self driving car section too so there is 0 chance they will reduce their operating cost in the near future..
lmfao

Sky is blue brah. But I'm glad you've finally had this revelation.
post 1629815513 01-27-2021, 04:37 AM
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#295
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Originally Posted By MyBaddBrah⏩
What the phuck are the cliffs for the future?

Are people hodling? Selling?
It’s not for you pizza boy
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1629815613 01-27-2021, 04:43 AM
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#296
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Originally Posted By Dan_S⏩
It's actually almost exactly the plot of the movie Trading Places, but instead of just 2 guys screwing 2 other rich guys, it's 2 million redditors screwing some hedge funds. And the stakes are WAY higher.
Great, great film. But not really the same since that was fraud and insider trading, this is out in the open and anyone could have done it. Completely legal.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1629815733 01-27-2021, 04:47 AM
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#297
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Originally Posted By rootcon⏩
Its AMCX guys. I see AMC is popping too. Probably like how an unrelated sensor company Signal Advance popped after Elon tweeted how he loved Signal





Make sure it has the X at the end
actually the movie theater one is AMC and AMCX is the television network

the reddit is promoting the theater (AMC)
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post 1629815853 01-27-2021, 04:52 AM
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#298
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Originally Posted By Amp30⏩
I put 1k into Entertainment originally lmao I cancelled awhile ago though waiting for the market to open. Good to know now
you know you dun fuked up right?

It’s amc (the theater’s)
post 1629815873 01-27-2021, 04:53 AM
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#299
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Originally Posted By Amp30⏩
I put 1k into Entertainment originally lmao I cancelled awhile ago though waiting for the market to open. Good to know now
Dude it's amc entertainment. AMCX is the network channel. AMC is the movie theater.
post 1629815953 01-27-2021, 04:55 AM
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#300
  1. entropy91
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Originally Posted By rootcon⏩
Its AMCX guys. I see AMC is popping too. Probably like how an unrelated sensor company Signal Advance popped after Elon tweeted how he loved Signal





Make sure it has the X at the end
Are you dumb or are you purposely spreading false info?

You're about to get a mass negging for ****ing with people's money
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