Stock market

deepfuckingvalue is still in which is absolutely wild - so much respect for the guy, if I was up 30mil I honestly can't say my hands would stay as rock fuckin diamond hard as they are right now

that being said I might have to pick up some more while its on sale, what if it actually goes to $1000? I'll feel dumb if I miss that
 
Bezos 'stepping down' as CEO of Amazon to assume a new title.

Q4 revenue was $125 Billion

Net Income for 2020 over $20 BILLION.

Q4 EPS over $14

For people that don't know those numbers aren't normal or comparable to almost any other company. Amazon is taking over the world.
 
14237322:.Dad said:
Gamestop is the largest brick and mortar company for an industry that is only going to get bigger. those brand new consoles that nobody can get? all have disc drives meaning people are still buying physical discs. and they're buying them in person at stores just like this one. not to mention the quickly growing gaming PC industry which they already have their fingers in via their online store.

There's also a rumor floating around that they're converting stores into build-a-pc stations. not only would that introduce a whole new crowd but it existing pc owners would be able to get their parts quickly and reliably, as opposed to waiting 3 days for a package that will probably be damaged.

and my favourite part about all this is the new board members introduced in December. Alan Attal, Ryan Cohen and Jim Grube. Cohen, founder of pet supplies E-commerce Chewy sold it to petsmart for 3.4billion. this dude has motivation and conviction to turn this company around for the better. plus he has former president and chief operating officer of Nintendo of America on the board as well.
Click to expand...

Oof man that's a horrible take I'm sorry. It's a dead company. Just what Zues said it's like blockbuster not seeing netflix coming. They dead bro you have to see this rise for what it is not a false premise. Don't get caught with gamestop stock in the next two weeks that shit is going back to $18 once people learn how to read a financial statement.
 
14237278:Charlie_Kelly said:
Pivot to e-commerce
Click to expand...

They haven't already and that makes them dead in the water. They are blockbuster hanging onto the old way of doing things.
 
14237482:soup said:
Don't get caught with gamestop stock in the next two weeks that shit is going back to $18 once people learn how to read a financial statement.
Click to expand...

you're forgetting about the shorts that need to be fulfilled
 
14237484:IanAvery-Leaf said:
you're forgetting about the shorts that need to be fulfilled
Click to expand...

They’ll negotiate, hunker down, let the storm blow over, and quietly repurchase once the two week news cycle does its work. The people with hands submerged in the cookie jar got fucked, but all the others who were still chewing will keep reaching in.

edit: news. Not “new”

**This post was edited on Feb 2nd 2021 at 5:24:54pm
 
14237486:CaptainObvious. said:
They’ll negotiate, hunker down, let the storm blow over, and quietly repurchase once the two week news cycle does its work. The people with hands submerged in the cookie jar got fucked, but all the others who were still chewing will keep reaching in.

edit: news. Not “new”

**This post was edited on Feb 2nd 2021 at 5:24:54pm
Click to expand...

what about the interest they need to pay daily when they don't fulfill the shorts? I'm dumb when it comes to all this but afaik they're hemorrhaging money daily and the ladder attacks, super low volume of actual sellers, bullshit all over MSM (pushing silver ?), and army of bot accounts kinda show how desperate they're getting
 
14237482:soup said:
Don't get caught with gamestop stock in the next two weeks that shit is going back to $18 once people learn how to read a financial statement.
Click to expand...

Everyone (well except for .Dad apparently) knows that. The "I just like the stock" meme is a just that, no one really thinks for a second GME is worth $1000 today, or anytime in the near to mid term. This is a short squeeze, it's not about the company's performance or outlook, not one involved in that move gives a fuck about GME's new CEO or digital shift really.

That being said, I agree that .Dad's argument is nonsense and could have applied to Blockbuster just the same: "this industry isn't going anywhere", "people have disc drives", etc. it was the exact same scenario, big old brick and mortar business not seeing that while people will keep consuming the products of their industry forever, it doesn't mean they'll keep doing it the same way, and therefore do it with them.

Now it doesn't mean they're doomed, but they have to successfully pivot, and who knows how successfully they'll do it and more importantly how big they will be once they're done. Sure, GameStop might not close doors, but they might go from "largest whatever" to just another medium size company in a crowded video game industry, and if you're just looking at the value of the stock as an investor, that's a big fucking risk.
 
14237367:Lonely said:
Robinhood won't say it, because it's a pretty terrible thing to have to say as a company, but it seems they are having liquidity issues. Robinhood doesn't front the money for purchases themselves. It all goes to the clearinghouse. Because of the volatility sec laws mandate that the clearinghouse have super high collaterals to cover bad sales. Places like Robinhood simply don't have the capital to meet the new collateral requirements. So they can't let people buy, because the people selling might not get their money and the people buying might not get their share.

Now I still don't understand why this means you can only sell. The current claim from these companies is there are no collateral regulations for selling, only buying. But that doesn't make sense to me because someone is buying the share you sell right?
Click to expand...

I am still convinced that RH is full of shit and they wanted to help their shiteating hedge fund friends dodge suicide.

if this excuse that robinhood put forward was genuine, then they would have said it days ago when everybody wanted Robinhoods head on a stick for changing the rules to help hedge funds.

Its total bullshit. Robinhood spent a few days brainstorming their excuse letter to investors.

i hope they get slapped with 10 billion in fines from customers lost gains from not being able to buy gme and amc.

total fucking shenanigans
 
14237495:Monsieur_Patate said:
Everyone (well except for .Dad apparently) knows that. The "I just like the stock" meme is a just that, no one really thinks for a second GME is worth $1000 today, or anytime in the near to mid term. This is a short squeeze, it's not about the company's performance or outlook, not one involved in that move gives a fuck about GME's new CEO or digital shift really.

That being said, I agree that .Dad's argument is nonsense and could have applied to Blockbuster just the same: "this industry isn't going anywhere", "people have disc drives", etc. it was the exact same scenario, big old brick and mortar business not seeing that while people will keep consuming the products of their industry forever, it doesn't mean they'll keep doing it the same way, and therefore do it with them.

Now it doesn't mean they're doomed, but they have to successfully pivot, and who knows how successfully they'll do it and more importantly how big they will be once they're done. Sure, GameStop might not close doors, but they might go from "largest whatever" to just another medium size company in a crowded video game industry, and if you're just looking at the value of the stock as an investor, that's a big fucking risk.
Click to expand...

idk maybe you're right, i'll lose 5 grand and make it back in a month at my real job, oh well. to be completely honest i only started trading in December and it wasn't because of gme. it was for a general interest in investing. i know it was huge risk to get in on this thing but i feel like at the very least it's a good learning experience of a stock market phenomenon.

regardless i only put down money i'm willing to lose. if the squeeze happens, great. if gme turns it shit around in 2 years, great. if it goes to $0 i couldn't care because i only put down money that i can live without.

**This post was edited on Feb 2nd 2021 at 6:01:32pm
 
14237495:Monsieur_Patate said:
Everyone (well except for .Dad apparently) knows that. The "I just like the stock" meme is a just that, no one really thinks for a second GME is worth $1000 today, or anytime in the near to mid term. This is a short squeeze, it's not about the company's performance or outlook, not one involved in that move gives a fuck about GME's new CEO or digital shift really.

That being said, I agree that .Dad's argument is nonsense and could have applied to Blockbuster just the same: "this industry isn't going anywhere", "people have disc drives", etc. it was the exact same scenario, big old brick and mortar business not seeing that while people will keep consuming the products of their industry forever, it doesn't mean they'll keep doing it the same way, and therefore do it with them.

Now it doesn't mean they're doomed, but they have to successfully pivot, and who knows how successfully they'll do it and more importantly how big they will be once they're done. Sure, GameStop might not close doors, but they might go from "largest whatever" to just another medium size company in a crowded video game industry, and if you're just looking at the value of the stock as an investor, that's a big fucking risk.
Click to expand...

For sure. If they don't come out of this just crushing whatever arena they want to excel at then this is all a lost opportunity.
 
Just a word of advice for newer investors. Just because you like something doesn't mean you'll make money on it. I've learned to cut my losses so that I still have money remaining to reinvest in a better opportunity down the line. I think most successful investors would echo this.

14237505:.Dad said:
idk maybe you're right, i'll lose 5 grand and make it back in a month at my real job, oh well. to be completely honest i only started trading in December and it wasn't because of gme. it was for a general interest in investing. i know it was huge risk to get in on this thing but i feel like at the very least it's a good learning experience of a stock market phenomenon.
Click to expand...
 
NYSE restricting short selling tomorrow for GME.

THEY'RE FUELING THE ROCKET. SEE YOU ON ALPHA CENTAURI TOMORROW???
 
14237522:.Dad said:
alright you guys convinced me to sell. but i'm keeping 5 shares in for sentimental value
Click to expand...

You shouldn't take anyone on NS seriously for financial advice, do what you want. And since it looks like you don't have much invested anyway, another option might be to hold onto it in case it does get to the moon...
 
I was being serious about cutting losses. But hey if you don't need that money for anything else you might as let it ride.
 
Wow I’m a hypocrite and a paper handed little bitch. Sold most of my position. After A LOT of deliberation and anxiety I have come to the conclusion that Thursday was peak squeeze among a few smaller squeezes. And it would have continued if the brokerages didn’t shut it down. VW went from $200 to $1000, this went from $4 to $513. Look at the charts. Shorts covered and doubled down. They used complex trading strategies and hedges to mitigate loss and maybe even profit. And I’m of the mindset of Zeus, instead of bag holding for god knows how long I’d rather take my losses and use what I have left to reinvest in things I know will appreciate in value. I just don’t see this coming back the more I read.

Im disappointed with myself but at the same time I have goals for my portfolio and this set that shit back a little. Luckily I only lost profit and not any initial investment so it’s not the end of the world but still. I will say it was nice seeing my whole portfolio up 3x peak Thursday, the slow bleed down as been killer though.

Wild ride boys and proud of the diamond hands still out there.
 
14237490:IanAvery-Leaf said:
what about the interest they need to pay daily when they don't fulfill the shorts? I'm dumb when it comes to all this but afaik they're hemorrhaging money daily and the ladder attacks, super low volume of actual sellers, bullshit all over MSM (pushing silver ?), and army of bot accounts kinda show how desperate they're getting
Click to expand...

The money they’re hemorrhaging aren’t from the shorts, it’s from pensions, private investors, and anyone else who owns portions of the hedge fund pulling out. The shorts are entered into as a contract with no real set future date and a set fee. Their lender could demand repurchase, but that’s between the short holder and the lender. It’s not up to the market. The bankrupt funds are bankrupt because everyone left and they no longer have the money to cover their oodles of short positions they owe on. Hence, they fell into debt and had to declare themselves bankrupt.
 
Mr. Madison, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

14237589:CaptainObvious. said:
The money they’re hemorrhaging aren’t from the shorts, it’s from pensions, private investors, and anyone else who owns portions of the hedge fund pulling out. The shorts are entered into as a contract with no real set future date and a set fee. Their lender could demand repurchase, but that’s between the short holder and the lender. It’s not up to the market. The bankrupt funds are bankrupt because everyone left and they no longer have the money to cover their oodles of short positions they owe on. Hence, they fell into debt and had to declare themselves bankrupt.
Click to expand...
 
14237589:CaptainObvious. said:
The money they’re hemorrhaging aren’t from the shorts, it’s from pensions, private investors, and anyone else who owns portions of the hedge fund pulling out. The shorts are entered into as a contract with no real set future date and a set fee. Their lender could demand repurchase, but that’s between the short holder and the lender. It’s not up to the market. The bankrupt funds are bankrupt because everyone left and they no longer have the money to cover their oodles of short positions they owe on. Hence, they fell into debt and had to declare themselves bankrupt.
Click to expand...

Edit: I didn't want what I wrote written. luv u bby. Be smart.

**This post was edited on Feb 2nd 2021 at 8:40:30pm
 
fuck man this shit seriously has taken me for a wild ride. i do have some other shit going on right now and i haven't been able to leave my house for a month so maybe i'm just going stir crazy. i'm gonna turn off notifications for everything for a bit. come back in a week and see where we're at.
 
A rebound looks to be happening pre-market, but if nothing substantial happens today with short restrictions in place I'm going to ??
 
14234334:kingsskier said:
I went idiot mode and bought my 1 put at a 225 strike. Im officially in the money on it and can execute it if this stays
Click to expand...

If these prices stay for GME, this one put is going to execute and make so much.
 
14237586:Charlie_Kelly said:
Wow I’m a hypocrite and a paper handed little bitch. Sold most of my position. After A LOT of deliberation and anxiety I have come to the conclusion that Thursday was peak squeeze among a few smaller squeezes. And it would have continued if the brokerages didn’t shut it down. VW went from $200 to $1000, this went from $4 to $513. Look at the charts. Shorts covered and doubled down. They used complex trading strategies and hedges to mitigate loss and maybe even profit. And I’m of the mindset of Zeus, instead of bag holding for god knows how long I’d rather take my losses and use what I have left to reinvest in things I know will appreciate in value. I just don’t see this coming back the more I read.

Im disappointed with myself but at the same time I have goals for my portfolio and this set that shit back a little. Luckily I only lost profit and not any initial investment so it’s not the end of the world but still. I will say it was nice seeing my whole portfolio up 3x peak Thursday, the slow bleed down as been killer though.

Wild ride boys and proud of the diamond hands still out there.
Click to expand...

This is prudent. The bet was on the gamma bomb going off and it came very, very close but they Hedge Funds pulled every trick and pulled it together. My theory is that the HFs knew something could happen and got worried. They didnt expect however the acceleration of the buys when word got our beyond WSB about the Gamestock meme stock. This drove the price to the point it almost went supercritical on Thursday so they called RH and told them to shut down trading. At that point the HF shit their pants and kept the machine at redline while they figured out a strategy over the weekend.

Then Monday hit, they were able to use the media to distract everyone with Silver etc and slowly bled off the shorts keeping just on the redline. You could tell WallStreet was still nervous though because another rush to buy probably would have sent them over the edge again. At this point the price has been driven down to the point the HF can exit and get long with life. The bomb was diffused so its a matter of cutting your losses if you bought at the peak hoping for the gamma nuke to detonate.

Even looking at the graph there is something strangely systematic about the price falling. Its too linear to be an organic fluctuation in the share price.
 
I haven't really gotten into trading until super recently and it's been mad fun snagging a few bucks here and there. I def don't know what I'm doing but I could only imagine the highs/lows of people who do this shit for a living
 
What is that term for wishing you woulda bought more or wishing you didn't sell? I'm having that big time on both stocks I still hold (but sold some) and ones I sold entirely. Made out pretty good on the covid market and its still running pretty hard.
 
14238099:Mr.LamasCosmos said:
I don’t know why you guys think short squeezes exist.
Click to expand...

To further add, seeing as Newschoolers has the collective IQ of a can Sprite:

Long investors with momentum influence the stock a lot more than shorts who get in and out.

What happens is, long investors try to pile in to “squeeze” the ghost short seller (who has exited, with experience)

Even if you get the short to squeeze, the amount of buyers holding the stock at now ridiculously high prices put way more energy into the stock than the short seller ever could.

**This post was edited on Feb 4th 2021 at 2:26:34pm
 
14238322:Rotten_Trumpkins said:
What is that term for wishing you woulda bought more or wishing you didn't sell? I'm having that big time on both stocks I still hold (but sold some) and ones I sold entirely. Made out pretty good on the covid market and its still running pretty hard.
Click to expand...

Its called not being a rookie and getting emotional about your trading x
 
14238402:Rotten_Trumpkins said:
You're like the plague
Click to expand...

The plague of truth, you may not like what I say but I’m right. As for my esoteric theories - people don’t agree with me, yet I’m more successful.

Go figure.

Regardless, don’t turn this thread into a parade of insults. There is no need.

**This post was edited on Feb 4th 2021 at 2:58:33pm
 
I hear ya man. I was buying and using bitcoin in 2011 for under $5 per coin. I wasted that shit up my nose and into my lungs. I know how you feel. I've gotten over it but i'll never forget it.

14238322:Rotten_Trumpkins said:
What is that term for wishing you woulda bought more or wishing you didn't sell? I'm having that big time on both stocks I still hold (but sold some) and ones I sold entirely. Made out pretty good on the covid market and its still running pretty hard.
Click to expand...
 
14238386:Mr.LamasCosmos said:
To further add, seeing as Newschoolers has the collective IQ of a can Sprite:

Long investors with momentum influence the stock a lot more than shorts who get in and out.

What happens is, long investors try to pile in to “squeeze” the ghost short seller (who has exited, with experience)

Even if you get the short to squeeze, the amount of buyers holding the stock at now ridiculously high prices put way more energy into the stock than the short seller ever could.

**This post was edited on Feb 4th 2021 at 2:26:34pm
Click to expand...

Ah that explains Melvins 56% loss since the start of January. Thank you for the clarity!

Anyways, GME puts helping recoup some losses.
 
The stock market is a free for all. We all prefer to band together but greed eventually is the end game.
 
14238457:Charlie_Kelly said:
Ah that explains Melvins 56% loss since the start of January. Thank you for the clarity!

Anyways, GME puts helping recoup some losses.
Click to expand...

Most would define short squeeze as an erratic up movement of stock price driven by short covering. Relate this definition to what I said.

Daily reminder to not be condescending, it’s bad for the soul! [tag=128249]@Charlie_Kelly[/tag]

**This post was edited on Feb 4th 2021 at 4:49:59pm
 
14238294:Biffbarf said:
I haven't really gotten into trading until super recently and it's been mad fun snagging a few bucks here and there. I def don't know what I'm doing but I could only imagine the highs/lows of people who do this shit for a living
Click to expand...

The best is the dude at some major international bank/investment house that makes some really bad calls, loses tons of money, hides it through creative accounting, tries to use other REALLY risky bets to make it back, loses even more, does more sketchy bets then by the time anyone finds out about it the whole company goes down the toilet.
 
14238410:zues said:
I hear ya man. I was buying and using bitcoin in 2011 for under $5 per coin. I wasted that shit up my nose and into my lungs. I know how you feel. I've gotten over it but i'll never forget it.
Click to expand...

Preach. I got gifted 100 that I never took seriously. I'll never forget
 
14238409:Mr.LamasCosmos said:
The plague of truth, you may not like what I say but I’m right. As for my esoteric theories - people don’t agree with me, yet I’m more successful.

Go figure.

Regardless, don’t turn this thread into a parade of insults. There is no need.

**This post was edited on Feb 4th 2021 at 2:58:33pm
Click to expand...

Fuck outta here. You came in here directly to start shit with multiple people. Don't act all high and mighty. You're more successful? Bro you're a vagabond. That's all I have to say.
 
14238538:Rotten_Trumpkins said:
Fuck outta here. You came in here directly to start shit with multiple people. Don't act all high and mighty. You're more successful? Bro you're a vagabond. That's all I have to say.
Click to expand...

Ironically you are exactly what you preach against. My friend, you are a projector of emotions!

And if posting a detailed response (In a stock market thread) as to why I don’t think short squeezes exist in the traditional sense is “starting shit with multiple people” then you my friend, are also a fool. All you have done here is insult me for no reason, I come in peace!

Now good day to you Sir.
 
14238466:Mr.LamasCosmos said:
Most would define short squeeze as an erratic up movement of stock price driven by short covering. Relate this definition to what I said.

Daily reminder to not be condescending, it’s bad for the soul! [tag=128249]@Charlie_Kelly[/tag]

**This post was edited on Feb 4th 2021 at 4:49:59pm
Click to expand...

What you said was, maybe, partially correct. Short squeezes exist whether you want to acknowledge that fact or not. I wasnt condescending, Melvin most likely double or tripled down on their shorts thinking the price would fall. It didn’t. Large funds and institutional investors drive the price up. That doesn’t negate it being a squeeze. You’re being silly.
 
14238596:Charlie_Kelly said:
What you said was, maybe, partially correct. Short squeezes exist whether you want to acknowledge that fact or not. I wasnt condescending, Melvin most likely double or tripled down on their shorts thinking the price would fall. It didn’t. Large funds and institutional investors drive the price up. That doesn’t negate it being a squeeze. You’re being silly.
Click to expand...

I’m not partially correct, I am correct.

The underlying price didn’t rise due to shorts covering - which is the definition of a short squeeze.
 
14238457:Charlie_Kelly said:
Ah that explains Melvins 56% loss since the start of January. Thank you for the clarity!

Anyways, GME puts helping recoup some losses.
Click to expand...

Why put when you can short?
 
Love that I bought at the peak of both GME and AMC

Can't lose until you sell and I'M NOT SELLING DAMMIT

Just happy I didn't buy more because I definitely thought about it lol

Sooo who's got some sick stock picks with actual good value and fundamentals for me to recoup my GME/AMC losses
 
You must log in or register to reply here.
Back
Top