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Post by Deleted on Jan 27, 2021 7:54:47 GMT -5
GO TO OTHER STOCKS IF YOU WANT TO GAMBLE
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Post by birdnest on Jan 27, 2021 8:09:14 GMT -5
I wished I bought AME and GME earlier this week. Looks like I missed another home run. Story of my life.
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Post by Deleted on Jan 27, 2021 8:17:01 GMT -5
Bird : I missed the first days.
The only realized what was really going on with the stocks is that CNBC this morning is talking about all the shorts and Robinhood people in GME and then he said that's going on with AMC also. So I bought the 4 stocks.
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Post by birdnest on Jan 27, 2021 8:18:06 GMT -5
AMC.
Wow, wished I did the same thing. Nice work!
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Post by Blitz on Jan 27, 2021 8:57:12 GMT -5
Here's the rub... People are also buying AMCX. Why? Because they think they're buying AMC. The same thing happened with Zoom the company. People bot the stock symbol ZOOM... and not Zoom the company's stock which is ticker ZM.
There is just crazy stupid stuff going on via Robinhood type traders and just plain gambling by people spending their stimulus checks on stuff they don't understand.
So, I guess the new mantra is to follow the stupid money...
I've got some tulips for sale too...
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Post by ccogburn on Jan 27, 2021 10:14:26 GMT -5
You gotta love it though, Elon Musk helping to smoke out short sellers. All these short hedge funds who don't have to disclose positions being forced to cover cause of a Reddit message board. They deserve it, serves them right for shorting companies during a pandemic. Elon Musk despises these short sellers! Go get em Elon, I love it.
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Post by Blitz on Jan 27, 2021 11:05:25 GMT -5
I get screwing the shorts but a lot of neophyte traders are going to get killed! Yay... stimulus checks for people that don’t need them!!!
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Post by laupailee on Jan 27, 2021 11:33:22 GMT -5
I get screwing the shorts but a lot of neophyte traders are going to get killed! Yay... stimulus checks for people that don’t need them!!! I agree, Blitz. This will end badly for all involved. Can you say "frothy market"? Reddit traders probably the equivalent of the last century's shoeshine boys giving out stock tips, signaling the top. LPL |
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Post by laupailee on Jan 27, 2021 11:36:36 GMT -5
You gotta love it though, Elon Musk helping to smoke out short sellers. All these short hedge funds who don't have to disclose positions being forced to cover cause of a Reddit message board. They deserve it, serves them right for shorting companies during a pandemic. Elon Musk despises these short sellers! Go get em Elon, I love it. Cogs, just now the only green streaming by on CNBC are Gamestop, AMC, etc. Stuff the daytrading Reddit/Robinhood crowd are piling into. I think these kids (?) need to watch out -- this activity feels like something that can and will be judged to be illegal, the organizing of cash to manipulate market results. People may well go to jail in the future, and a defense of "I didn't know" isn't going to wash. And Elon Musk seen as giving directions to the followers? Not a good idea for him. LPL |
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Post by Blitz on Jan 27, 2021 12:25:18 GMT -5
RIG is up 25%
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Post by ccogburn on Jan 27, 2021 13:46:10 GMT -5
Yea they had a guy on CNBC explaining the problem, they let these hedge funds short 140% of the stock. There lies the issue, these short funds don't have to disclose there position & drive a company down for no reason sometimes. It's not a level playing field, love to see these short funds take it up the wazoo!! Yes, there will be some retail bag holders when it's over but the short hedgies got smoked!! Those are the people who need to be regulated, the short hedge funds!! All us retail and long funds have to disclose positions, why shouldn't the short funds have too? This is the main issue in making the market a level playing field.
I believe short funds get together & short the same stock, I believe this should be illegal. I thought the previous administration was going to level the playing field. This was not addressed though, be careful what you wish for....if these funds get regulated how they should will this cause a giant drop in the market?
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Post by Deleted on Jan 27, 2021 14:56:21 GMT -5
The Gov't will do something to help the big boys
The Gov't should stay out of it and let it run its course
They may stop trading on the stocks for a period of time and this will annoy all the small people who will complain and do whatever and it will kill the stocks.
After a potential cooling off period, when the stocks open up they will just go higher again.
Ameritrade will not let people use margin on these stocks, they also have several other restrictions, restricting spreads which is hurting the small guy.
So far lucky me I sold EXPR and KOSS and put $276,790 in my pocket so far.
I'm still in AMC UP $187,650 however the day isn't over and AMC can go substantially down or up in the next hour.
Rig on a tear? Takeover?
LVS getting distroyed prior to earnings, don't see any news?
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Post by Blitz on Jan 27, 2021 21:35:03 GMT -5
The Gov't will do something to help the big boys The Gov't should stay out of it and let it run its course They may stop trading on the stocks for a period of time and this will annoy all the small people who will complain and do whatever and it will kill the stocks. After a potential cooling off period, when the stocks open up they will just go higher again. Ameritrade will not let people use margin on these stocks, they also have several other restrictions, restricting spreads which is hurting the small guy. So far lucky me I sold EXPR and KOSS and put $276,790 in my pocket so far. I'm still in AMC UP $187,650 however the day isn't over and AMC can go substantially down or up in the next hour. Rig on a tear? Takeover? LVS getting distroyed prior to earnings, don't see any news? Good for u taxx. This is still all a big risk no matter which side of the short term trades. I just hate that so many are going to lose so much... eventually! The retards buying this crap and even buying the wrong stocks because they don’t even know the correct ticker symbol just portends really bad things... Yay, stimulus checks for idiots... |
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Post by laupailee on Jan 28, 2021 11:36:05 GMT -5
So far lucky me I sold EXPR and KOSS and put $276,790 in my pocket so far. I'm still in AMC UP $187,650 however the day isn't over and AMC can go substantially down or up in the next hour. Congrats, Taxx, you made a great move on EXPR and KOSS. Did you get your gains out of the AMC position before today's crackdowns? LPL |
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Post by Blitz on Jan 28, 2021 12:10:21 GMT -5
Game Stop now down $75 after being up over $100 today.
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Post by Blitz on Jan 28, 2021 12:11:56 GMT -5
Wait... now it’s going up... wait
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Post by Blitz on Jan 28, 2021 12:48:29 GMT -5
Now Game Stop is $250... wait...
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Post by Blitz on Jan 28, 2021 13:04:57 GMT -5
Just today GME has gone from near $500 to near $100.
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Post by Deleted on Jan 28, 2021 14:39:24 GMT -5
lau.......
I used $400,000 of my money in these 2 days I traded.
I made $519,100 yesterday playing BB, EXPR, AMC and KOSS and was extremely happy.
Today i'm down $345,100 so far and counting (it's looking like i will loose even more - ouch!) today i'm playing AMC, AAL, SNDL and NAKD, all down, and i'm extremely unhappy.
Someone forgot to tell me the trade was over yesterday.
This is/was a crazy trade.
Here's what I could have made yesterday if I held the stock
till the end of the day $2 mil
sold this morning instead of selling yesterday $3 mil
sold 1 1/2 hours after the market opened today $4 mil
The amounts are not misprints, mind boggling crazy trade
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Post by laupailee on Jan 28, 2021 21:21:43 GMT -5
lau....... I used $400,000 of my money in these 2 days I traded. I made $519,100 yesterday playing BB, EXPR, AMC and KOSS and was extremely happy. Today i'm down $345,100 so far and counting (it's looking like i will loose even more - ouch!) today i'm playing AMC, AAL, SNDL and NAKD, all down, and i'm extremely unhappy. Someone forgot to tell me the trade was over yesterday. This is/was a crazy trade. Here's what I could have made yesterday if I held the stock till the end of the day $2 mil sold this morning instead of selling yesterday $3 mil sold 1 1/2 hours after the market opened today $4 mil The amounts are not misprints, mind boggling crazy trade Taxx, Holy Moley! As a famous and randy ex-president once said, "I can feel your pain!" But it sounds like you probably at least got out with "something". (How quickly things change, when a $100,000 two-day windfall can become merely "something". ... But it must feel that way, coming down from +$4 million ... sheesh!!) Still: Lobsters and Dom Perignon tonight? LPL |
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Post by Blitz on Jan 29, 2021 7:24:50 GMT -5
Looks like liquidity problems have been solved and hedgies got thrown a bone, so those stocks are trading again this morning... have fun kids!
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Post by Blitz on Jan 29, 2021 7:25:42 GMT -5
Game Stop up $145 this morning.
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Post by laupailee on Jan 29, 2021 10:46:35 GMT -5
What I don't understand in the first place, is why the law allows brokerage houses etc. to "loan" out shares for to be sold by hedge funds etc. to establish their short positions.
After all, the brokerage houses don't own those shares -- the shares are just being held "in street name" on behalf of their investors.
And all of those investors are, by definition, longs who would not wish to assist anyone in pushing down the price of shares they own. That's just common sense.
(Actually, I do understand why this is allowed: the unholy alliance of lawmakers and financial elites who benefit from this provision being allowed.)
But for what it's worth, if I were a dictator able to rule by fiat (you know, like Plain Old Joe from Scranton), my first order would be to end the loaning of shares.
End of short selling and the kind of distortion that allows waves and waves of shares to be dumped on the market, even more than exist in reality.
But on the other side, I'd also enforce laws against price manipulation, regardless of how big or small a player you are -- ie, if you are involved in a conspiracy to pump a share price up, to later claim "But I'm just a little guy" will be no defense.
The SEC is probably recording the names and trading accounts of WSB players, as we speak ...
LPL
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Post by Blitz on Jan 29, 2021 21:43:19 GMT -5
What I don't understand in the first place, is why the law allows brokerage houses etc. to "loan" out shares for to be sold by hedge funds etc. to establish their short positions. After all, the brokerage houses don't own those shares -- the shares are just being held "in street name" on behalf of their investors. And all of those investors are, by definition, longs who would not wish to assist anyone in pushing down the price of shares they own. That's just common sense. (Actually, I do understand why this is allowed: the unholy alliance of lawmakers and financial elites who benefit from this provision being allowed.) But for what it's worth, if I were a dictator able to rule by fiat (you know, like Plain Old Joe from Scranton), my first order would be to end the loaning of shares. End of short selling and the kind of distortion that allows waves and waves of shares to be dumped on the market, even more than exist in reality. But on the other side, I'd also enforce laws against price manipulation, regardless of how big or small a player you are -- ie, if you are involved in a conspiracy to pump a share price up, to later claim "But I'm just a little guy" will be no defense. The SEC is probably recording the names and trading accounts of WSB players, as we speak ... LPL I’m going to guess that there will be a rule change that limits the amount of shares to 50% of a company’s outstanding shares. Just a guess. I’m also going to guess that there was going to be a big and very serious liquidity crisis related to about 10 stocks that the hedgies shorted and the Reddit Army exploited in a very sophisticated short squeeze. So, to reluctantly save the hedgies, somebody made it super difficult to short these 10 stocks yesterday. That allowed the hedge funds that got screwed to get out of their shorts. Robinhood had to get a $1 billion loan to remain solvent. Imagine how much the hedgies needed. There was a WSJ article today about the guy that organized the big short screw... I mean short squeeze. Wall St changed the rules for 1 day to avoid a shiptastrophy! |
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Post by Deleted on Feb 2, 2021 14:08:27 GMT -5
After I made the half million dollars $501,050 (I correted the above 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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