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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 1630373083 02-02-2021, 03:03 PM
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#1591
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Can someone explain how much the stock will go up if the squeeze happened?
post 1630373153 02-02-2021, 03:04 PM
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#1592
  1. AltarOfPlagues
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Originally Posted By nn586⏩



still HODLing
jesus lol
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1630373893 02-02-2021, 03:10 PM
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#1593
  1. ANumber1
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Originally Posted By MetroBrah⏩
One of the main things I remember from reading market wizards is to cut your losses and let your winners run.
My view is that nobody should throw good money after bad, but also that nobody should lock in losses while a trade's thesis is still sound.

We don't know what really happened to short interest yet, and I've been burned before letting go of a losing stock just before my prediction comes true.

Most likely outcome is that if this tanks, I'll complete the lot of 100 shares to bring the DCA down and sell covered calls on it until somebody buys out GME.
Nah, fukk that. I’m not doing that.
post 1630374733 02-02-2021, 03:21 PM
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#1594
  1. MisterDiapers
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Originally Posted By Kabamaro⏩
Can someone explain how much the stock will go up if the squeeze happened?
the squeeze happened. it went to 483
post 1630374773 02-02-2021, 03:21 PM
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#1595
  1. Contribution05
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Originally Posted By MiscInformed⏩
One cardinal rule of the stock market is not to throw good money after bad. That basically means "do not to fall for the sunk cost fallacy". That fallacy has led many an investor to ruin.

Be smart, boyos. If the bottom has fallen out, don't double down to prove you still believe in the dream.
That saying sounds good but it's hard to apply in most cases. I mean usually you only invest in something you believe will make money. If you throw more money at it when it drops and then it recovers to a new high you look like a genius, if it continues to bottom out then you get people saying "well, you shouldn't have thrown good money after bad".

Though in this particular scenario, hard to argue for buying more of a very over valued stock just on the hope there is still some hedge fund to squeeze a little longer.
post 1630376113 02-02-2021, 03:40 PM
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#1596
  1. nn586
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Originally Posted By AltarOfPlagues⏩
jesus lol
who needs money when you're a Reddit legend








post 1630376573 02-02-2021, 03:46 PM
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#1597
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I'm surprised that redditor didn't cash out a lil more. He still put away $13 mil and he's been tied to this for months now, so I get wanting to see it till the end
post 1630378763 02-02-2021, 04:14 PM
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#1598
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Originally Posted By Jaydawg08⏩
I'm surprised that redditor didn't cash out a lil more. He still put away $13 mil and he's been tied to this for months now, so I get wanting to see it till the end
He's the one that did all the due diligence and got this ball rolling 6 months ago. He dealt with all the backlash of people saying he had no idea what he was talking about and at the peak he was up $50 MILLION. That was plenty of money to retire the rest of your life. And he left it in. Should tell you something.
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post 1630378973 02-02-2021, 04:18 PM
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That guy should have cashed out. Greed got him. 50million is enough for anyone.
post 1630380423 02-02-2021, 04:35 PM
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#1600
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https://fintel.io/so/us/amc/blackrock

BlackRock increased AMC holdings by 60 percent today.
post 1630380803 02-02-2021, 04:40 PM
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#1601
  1. nn586
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anyone have a link that can provide the actual short float?
post 1630382363 02-02-2021, 04:58 PM
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#1602
  1. roughinhouse
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greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
post 1630387363 02-02-2021, 06:12 PM
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#1603
  1. entropy91
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Originally Posted By roughinhouse⏩
greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
Jesus man what price did you buy at?
post 1630388463 02-02-2021, 06:30 PM
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#1604
  1. twistedbodyman
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oof all the people who bought at 400 lol
post 1630388593 02-02-2021, 06:32 PM
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#1605
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Originally Posted By roughinhouse⏩
greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
Everyone who gets into the market gets their ass handed to them at least once. Happened to me 10 years ago (Chinese solar stock), happened to my father (silver in 1980), probably happened to my grandfather, great gf, uncles, cousins, etc.
May take a few years to recoup those losses but it'll happen, esp if market takes a huge dump and you get back in on the low.
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post 1630389213 02-02-2021, 06:39 PM
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#1606
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I was very hesitant when I first heard about it but decided to jump in when it was at $90 a share. First day closed at -$500 and was so mad at myself but i held on. Next day it shot up and I sold for a few hundred $ profit. Bought back in and did a couple days trades. Ended up +$7000 at peak but greed got a hold of me and I held. Currently I'm around $3000 profit but still holding 10 shares shares @ 116. Plan on selling those tomorrow morning at costs if I'm lucky
post 1630389393 02-02-2021, 06:42 PM
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#1607
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lmao I was on the hype meme stock train until I realized what was happening, and got off just before the crash started. I knew it was bad news once Robinhood restricted buys
AP7 crew
post 1630390873 02-02-2021, 07:02 PM
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#1608
  1. ANumber1
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Originally Posted By roughinhouse⏩
greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
Oof.

Sorry, broheim. It does happen to everyone. Learn and grow stronger.
Nah, fukk that. I’m not doing that.
post 1630398673 02-02-2021, 08:28 PM
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#1609
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Originally Posted By entropy91⏩
Jesus man what price did you buy at?
multiple prices but mostly 250 and then some at 360.
post 1630402713 02-02-2021, 09:24 PM
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#1610
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i bought in at 36 & sold my initial investment amount over a week ago, so everything is profit...i'll probably sell tomorrow, but i might hold
Our lives begin to end the day we become silent about things that matter - Martin Luther King, Jr.
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post 1630405473 02-02-2021, 10:08 PM
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#1611
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I was telling people not to chase this when they were late to the game, but so many were convinced it was going to $1000.

All fun and games if you just bought a few shares for the lulz, but feel bad for the kids that didn't know what they were doing and put in more than they could afford to lose.
☠ By reading this post, you have agreed to my negative reputation terms of service.
post 1630405923 02-02-2021, 10:15 PM
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#1612
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Originally Posted By Amp30⏩



lmao I was on the hype meme stock train until I realized what was happening, and got off just before the crash started. I knew it was bad news once Robinhood restricted buys
LOL coworker bought in at $ 350 he is holding
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post 1630419553 02-03-2021, 04:51 AM
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#1613
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When the shoe shine boy was telling me to buy in I knew it was time to get out!
LAY DOWN AND ROT CREW
post 1630419623 02-03-2021, 04:54 AM
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#1614
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Think about the hype train and the surge in price in that window of time at the end of last week. Deep ****ing Valve is a plant I am sure of it.
LAY DOWN AND ROT CREW
post 1630420133 02-03-2021, 05:10 AM
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#1615
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Got in at 68, I sold yesterday at 97. Still made a profit but wish I didn’t caught into the hype and sold it around 400.

Lol at people that bought after 300.
post 1630420823 02-03-2021, 05:31 AM
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#1616
  1. FrankCostanza
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Originally Posted By VoxExMachina⏩
I was telling people not to chase this when they were late to the game, but so many were convinced it was going to $1000.

All fun and games if you just bought a few shares for the lulz, but feel bad for the kids that didn't know what they were doing and put in more than they could afford to lose.
never chase a bitch or a stock.
I'm not here for rage. I'm here for revenge!
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post 1630420863 02-03-2021, 05:32 AM
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#1617
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Originally Posted By mr.left
LOL coworker bought in at $ 350 he is holding
love the helmet retard guy
I'm not here for rage. I'm here for revenge!
Anti Covid VAX Superhero
Mein power
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Trump 2024
post 1630424113 02-03-2021, 06:31 AM
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#1618
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
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Originally Posted By VoxExMachina⏩
I was telling people not to chase this when they were late to the game, but so many were convinced it was going to $1000.

All fun and games if you just bought a few shares for the lulz, but feel bad for the kids that didn't know what they were doing and put in more than they could afford to lose.
idk i was willfully retarded in my 20s i dont have any sympathy for this demographic.
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1630424233 02-03-2021, 06:33 AM
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#1619
  1. AltarOfPlagues
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Originally Posted By HaiMeesk⏩
Everyone who gets into the market gets their ass handed to them at least once. Happened to me 10 years ago (Chinese solar stock), happened to my father (silver in 1980), probably happened to my grandfather, great gf, uncles, cousins, etc.
May take a few years to recoup those losses but it'll happen, esp if market takes a huge dump and you get back in on the low.
i bought a 3 bedroom house in 2008 when i was 25 and single. i came yay close to getting an ARM. i was financed 100% so i was like immediately underwater. i think it was maybe 5 years later and i basically sold it for what i paid for it.
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1630427363 02-03-2021, 07:23 AM
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#1620
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Originally Posted By FrankCostanza⏩
never chase a bitch or a stock.
This should be the first advice anyone gives their grandkids.



Right up there next to never get in a land war in Asia.
☠ By reading this post, you have agreed to my negative reputation terms of service.
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