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Post by Deleted on Jan 27, 2021 7:52:05 GMT -5
I imagine everyone here is familiar with whats happening with GME Gamestop
I was too slow to realize what truly was going on with GME
This morning I googled something like What stocks are trading like Gamestop
There were 5 stocks listed I bought 4 of them GME, BB, AMD, EXPR about 40 minutes ago
I'm up $100,000
I dont know how this will end but so far i'm smiling
KOSS is up the most
AMD is second
Buyer Beware
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Post by Blitz on Jan 27, 2021 9:02:48 GMT -5
I imagine everyone here is familiar with whats happening with GME Gamestop I was too slow to realize what truly was going on with GME This morning I googled something like What stocks are trading like Gamestop There were 5 stocks listed I bought 4 of them GME, BB, AMD, EXPR about 40 minutes ago I'm up $100,000 I dont know how this will end but so far i'm smiling KOSS is up the most AMD is second Buyer Beware Buy the call options too... or maybe you did? Welcome to day trading... good luck. |
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Post by Deleted on Jan 27, 2021 11:58:40 GMT -5
They said on TV last night the cost of the calls is astronomical however I never changed the calls out
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Post by Deleted on Jan 27, 2021 16:24:15 GMT -5
I made $501,050 today playing
AMC, EXPR, KOSS
If I didn't sell and held them till the end of the day I would have made over $2,000,000 using $400,000 of my own money, this is nuts!!
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Post by Blitz on Jan 27, 2021 22:09:50 GMT -5
Well, that’s some real nice doe-ray-me for bs hyped up crap!!! Congrats...
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Post by birdnest on Jan 28, 2021 7:57:14 GMT -5
Congrats Man! I would get the hell out quick before the crash...
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Post by birdnest on Jan 28, 2021 7:58:09 GMT -5
Maybe they can run RIG to $100......
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Post by Blitz on Jan 28, 2021 9:28:31 GMT -5
GME is now down 17% preMarket after being up $100 preM.
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Post by Deleted on Feb 2, 2021 14:15:20 GMT -5
After I made the half million dollars $501,050 (I corrected a mistake of $519,100) (one heck of a mistake) I went gambling/investing the next day and sold my last stock of the second day trade, it wasn't pretty.
$501,050 1st day
-$200,100 the second day played AMC and AAL, almost all of the loss is due to the position I took in AAL
I netted $300,905 Yea!!!!! Final Results
*** I sold AMC yeterday at $16.23 per share, at a small loss, today it's down over $9 at $7.53, talk about good timing, if I didn't sell yesterday I would have had an additional $200,000 loss. OUCH!!
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Post by birdnest on Feb 2, 2021 16:35:07 GMT -5
Wow nice Job taxs! Well done, usually when I buy it turns to $hit the next day...
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Post by Deleted on Feb 4, 2021 9:57:54 GMT -5
The stocks that were high flyiers: Gamestop, Blackberry, AMC Enterprise, Express
(GME, BB, AMC, EXPR) had prices of $0.10 to $2.70 before their explosion into the stratosphere.
Interesting:
The day I made the $500,000 profit I sold in the afternoon
If i would have held the stocks till:
the end of the day they would have been worth $1.5M to $2M
the next morning they would have been worth $2M to $3M
2 hours later they were worth $3M to $4M
after they hit about $4M they began to decline
Some people probably made millions on the trade.
I was amazed while watching all of this, it was wild as the stocks went straight up
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Post by bjspokanimal on Feb 4, 2021 13:49:43 GMT -5
Once a decent number of reddit lemmings have gotten into some of these stocks a couple of days later than the people at the top of the "stock top pyramid"... and have held on 2 or 3 days longer than those who've finished their post-pump dump, they'll get tired if their status as the "chump" in reddit's process and this scheme will go the way of the famous tulip craze. Not that reddit wasn't onto something, however. Excessive short interest did, indeed, expose an inefficiency in the markets and these guys deftly jumped on it. But hedge funds quickly changed their tactics, and the window of inefficiency is rapidly closing. A good example, is reddit's more recent Silver play. Silver jumped, but nothing like gamestop did, and silver corrected back down much more quickly, despite having similar short interest metrics before the top-of-the-pyramid people jumped in ahead of reddit's obligatory Chumps. Seeing what happened to gamestop's Chumps, Silver's Chumps bailed more quickly, and Silver's rise was mitigated much more quickly.
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Post by Blitz on Feb 4, 2021 14:41:33 GMT -5
Once a decent number of reddit lemmings have gotten into some of these stocks a couple of days later than the people at the top of the "stock top pyramid"... and have held on 2 or 3 days longer than those who've finished their post-pump dump, they'll get tired if their status as the "chump" in reddit's process and this scheme will go the way of the famous tulip craze. Not that reddit wasn't onto something, however. Excessive short interest did, indeed, expose an inefficiency in the markets and these guys deftly jumped on it. But hedge funds quickly changed their tactics, and the window of inefficiency is rapidly closing. A good example, is reddit's more recent Silver play. Silver jumped, but nothing like gamestop did, and silver corrected back down much more quickly, despite having similar short interest metrics before the top-of-the-pyramid people jumped in ahead of reddit's obligatory Chumps. Seeing what happened to gamestop's Chumps, Silver's Chumps bailed more quickly, and Silver's rise was mitigated much more quickly. I would like more transparency... meaning hedgies have to state their short positions and no more than 60% of a company’s shares can be shorted. Perhaps even put the uptick rule back in place. |
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Post by Deleted on Feb 4, 2021 16:14:48 GMT -5
Silver jumped and was doing fine until the CME raised the margin costs to 250% and that ended the silver trade.
The stocks that traded along with GME (AMC, BB, Expr, Koss etc. have all declined substantially and none have shown a bounce up so far.
GME is the last stock to travel down the decline road, today it lost about 43% of its value ($85 to $53) showed no bounce up and is continuing going down after hours
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