Investing questions

[DONALDIII]

RH opening the stocks back up in the morning but at a limited capacity. What a fvcking joke.

The scumbag CEO was just on CNBC, still saying they made the right decision. NOK/AMC are about to boom tomorrow.

What's the play in the morning then? NOK? AMC? Both?

 

[Wild Bill]

His argument was so dishonest on every level. This jackass is on TV telling everyone how every trade should be tied to "value" -- when he works in an industry filled with firms dedicated to technical, event-driven, and momentum trading.

He must have learned his lesson after this:

https://www.cnbc.com/2017/05/30/leon-cooperman-tells-cnbc-sec-case-was-extraordinarily-abusive.html

 

[calvegas04]

rumor that a call from the white house to robinhood was made for them to remove buying options.

 

[phillyirish]

You guys see what’s going on with Doge coin? Literally created as a joke but everyone’s trying to pump it up right now. Up over 400% today.

 

[Meatloaf]

You guys see what’s going on with Doge coin? Literally created as a joke but everyone’s trying to pump it up right now. Up over 400% today.

Didn't realize that was still around. I do remember when they managed to get enough money together to sponsor a NASCAR driver lol:

<iframe width="560" height="315" src="https://www.youtube.com/embed/B-JW39Yl7sc" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

 

[tussin]

Prediction: Tomorrow will be epic.

Liquidity was shut down today, the precipitous drop was all algos trading, and the retail traders are diamond handed and refuse to sell. There was so little liquidity today that fractional shares were being filled at $2,600/share. Tomorrow is when a lot of call options expire deep ITM. They have to cover.

Either retail gets screwed in a way that's magnitudes worse than today, or a ton of people are about to make life-changing money.

*** This is not a recommendation to invest in $GME ***

 

[ND87]

What's the play in the morning then? NOK? AMC? Both?

Have a look at futures rn...if the red holds, it's all fone.
If GME goes 500+, the whole thing may break.
TQQ / SPY / AAPL puts

Nfa.

 

[Ndaccountant]

Prediction: Tomorrow will be epic.

Liquidity was shut down today, the precipitous drop was all algos trading, and the retail traders are diamond handed and refuse to sell. There was so little liquidity today that fractional shares were being filled at $2,600/share. Tomorrow is when a lot of call options expire deep ITM. They have to cover.

Either retail gets screwed in a way that's magnitudes worse than today, or a ton of people are about to make life-changing money.

*** This is not a recommendation to invest in $GME ***

The options piece is what intrigues me. Living in Asia, I will be asleep so I am sitting this one out. But impact of options market makers, call options maturing, limited buying, etc is setting this thing up to have bonkers volatility.

Also, just wanted to point out that AMC actually issued stock to sell at prevailing prices. People need to be weary of this, especially as it relates to GME. There is literally nothing stopping GME from working with the hedge funds to sell shares directly to them. If everyone knows GME isn't worth $300/share or whatever price you want to assume, GME could tell the funds I will be willing to sell to you at $150/share. The funds would do it to close their position without having to engage the reddit crowd. How likely is that? Probably not highly likely. But they call these people institutional investors for a reason. They have resources to work deals like this and when the money is right, they will get things done.

I just hope all of you playing the game tomorrow have firm stop losses. Best of luck.

 

[zelezo vlk]

Diagonal blades. Get your sharp diagonal blades! $200, scaffolding not included!

 

[Wild Bill]

The options piece is what intrigues me. Living in Asia, I will be asleep so I am sitting this one out. But impact of options market makers, call options maturing, limited buying, etc is setting this thing up to have bonkers volatility.

Also, just wanted to point out that AMC actually issued stock to sell at prevailing prices. People need to be weary of this, especially as it relates to GME. There is literally nothing stopping GME from working with the hedge funds to sell shares directly to them. If everyone knows GME isn't worth $300/share or whatever price you want to assume, GME could tell the funds I will be willing to sell to you at $150/share. The funds would do it to close their position without having to engage the reddit crowd. How likely is that? Probably not highly likely. But they call these people institutional investors for a reason. They have resources to work deals like this and when the money is right, they will get things done.

I just hope all of you playing the game tomorrow have firm stop losses. Best of luck.

I agree with you on gme working with HFs. It's one of the limited options HFs have right now so they're going to push hard.

 

[BilboBaggins]

The options piece is what intrigues me. Living in Asia, I will be asleep so I am sitting this one out. But impact of options market makers, call options maturing, limited buying, etc is setting this thing up to have bonkers volatility.

Also, just wanted to point out that AMC actually issued stock to sell at prevailing prices. People need to be weary of this, especially as it relates to GME. There is literally nothing stopping GME from working with the hedge funds to sell shares directly to them. If everyone knows GME isn't worth $300/share or whatever price you want to assume, GME could tell the funds I will be willing to sell to you at $150/share. The funds would do it to close their position without having to engage the reddit crowd. How likely is that? Probably not highly likely. But they call these people institutional investors for a reason. They have resources to work deals like this and when the money is right, they will get things done.

I just hope all of you playing the game tomorrow have firm stop losses. Best of luck.

I thought I had read that they'd have to file with the SEC first.

 

[Wild Bill]

I thought I had read that they'd have to file with the SEC first.

Haven't you heard the news? There are no rules.

 

[Ndaccountant]

I thought I had read that they'd have to file with the SEC first.

I am going back a fair bit in my education, but I seem to recall the filing is necessary if there is an underwriter / deemed a "public offering".

There is the 20% rule that is for non-registered offerings. Again, memory could be fuzzy after all the malted hops and bong resin, but they could issue directly to the hedge funds so long as the shares issued were less than 20% of all shares. This is a big deal since the could do that and cover ~1/3 of the shares shorted. That would basically kill the trade and crash the price. But this way, the company actually benefits from the whole ordeal.

 

[Henges24]

Investing questions

You guys see what&#146;s going on with Doge coin? Literally created as a joke but everyone&#146;s trying to pump it up right now. Up over 400% today.

I got in on it right when it started booming. I was up $100 in 10 mins Hopefully it gets some steam over the weekend.

 

[Irish#1]

It sucks being one of the 3 people on the planet that do not perfectly understand how shorting works. I feel like an alien.

Only three of us and two happen to be on IE? lol

 

[Kak7304]

The options piece is what intrigues me. Living in Asia, I will be asleep so I am sitting this one out. But impact of options market makers, call options maturing, limited buying, etc is setting this thing up to have bonkers volatility.

Also, just wanted to point out that AMC actually issued stock to sell at prevailing prices. People need to be weary of this, especially as it relates to GME. There is literally nothing stopping GME from working with the hedge funds to sell shares directly to them. If everyone knows GME isn't worth $300/share or whatever price you want to assume, GME could tell the funds I will be willing to sell to you at $150/share. The funds would do it to close their position without having to engage the reddit crowd. How likely is that? Probably not highly likely. But they call these people institutional investors for a reason. They have resources to work deals like this and when the money is right, they will get things done.

I just hope all of you playing the game tomorrow have firm stop losses. Best of luck.

Why would GME side with the hedge funds that were attempting to short them into oblivion over the Redditors who will be potential customers in the future? GameStop got new investors with plans to restructure the company and business model, which served as the catalyst for what is happening. In the last week, GameStop could have made public statements which could have helped the funds, but they have not. I have a good amount invested in this and I will personally buy anything gaming related from GameStop in the future if they continue to just let this play out and I’ve seen many redditors state they have similar plans.

 

[Ndaccountant]

Why would GME side with the hedge funds that were attempting to short them into oblivion over the Redditors who will be potential customers in the future? GameStop got new investors with plans to restructure the company and business model, which served as the catalyst for what is happening. In the last week, GameStop could have made public statements which could have helped the funds, but they have not. I have a good amount invested in this and I will personally buy anything gaming related from GameStop in the future if they continue to just let this play out and I’ve seen many redditors state they have similar plans.

$$

 

[IrishLax]

https://www.reddit.com/r/wallstreetbets/comments/l7nces/were_in_the_endgame_now/ -- this is funny as hell

 

[Meatloaf]

Looking for a nice dip to buy some more $GME stock. Shit's gone full dot com bubble, but I don't think 500+/share is out of the question given the hold mentality.

 

[tussin]

Looking for a nice dip to buy some more $GME stock. Shit's gone full dot com bubble, but I don't think 500+/share is out of the question given the hold mentality.

It’s not a bubble, no one thinks $GME is worth even $100/share. This is a game of chicken with overexposed shorts to see who blinks first. Classic leverage play. If shorts cave then $1K+/share is easily possible IMO.

 

[BleedBlueGold]

Can someone explain to me the exit strategies for these GME shareholders to be able to cash in on this insane run? I know the point is to hold firm, but if you're a normal folk with a few thousand invested here, wouldn't you be tempted to take your gains and run? What about Ryan Cohen? How does he cash in his billions?

 

[RDU Irish]

GME has been buying back their shares for years - 2016 they had 106M shares out steadily down to 65M today. Float has been declining for years. Spent a bit over $500M retiring 40M shares.

Would be smart to issue 10M shares at $200 or more - $2B of cash infusion moves the floor from bankruptcy to $27/share liquidation value. That is still a painful floor for the shorts who were still shorting at $2/share and a locks in a nice gain for the early actors who bought at $2. May or may not be enough additional float to pop the bubble but I expect the best way to soak the most $$ from the big money crowd.

I don't get this diamond grip stuff - sell a tenth of it at $300 and put limit orders in at ridiculously high values. Half your shares at $5000/share for example. Pigs get fat, hogs get slaughtered.

 

[Wild Bill]

https://images.squarespace-cdn.com/content/v1/5b84e6c23917ee5ecfa435f0/1552281509061-3NL77ZF3ALEMVB628A00/ke17ZwdGBToddI8pDm48kOfOrqI64nLeI3SvY1jCPL1Zw-zPPgdn4jUwVcJE1ZvWQUxwkmyExglNqGp0IvTJZUJFbgE-7XRK3dMEBRBhUpywJSWvb9FbIeEGYvC912imHFrWXzucADsATIs6X5jFRPM0XFsKsvjnyqtXyKPzxEQ/joker+money.jpg?format=750w

.

 

[Greenore]

Can someone explain to me the exit strategies for these GME shareholders to be able to cash in on this insane run? I know the point is to hold firm, but if you're a normal folk with a few thousand invested here, wouldn't you be tempted to take your gains and run? What about Ryan Cohen? How does he cash in his billions?

Haters, lovers and opportunists. Some are going to make money and many are going to lose money. I think it's going to be the opportunists. I really hate this story.

Best financial advice I ever received was given to me by my father over 40 years ago... "Don't give your shares names".

 

[GATTACA!]

Haters, lovers and opportunists. Some are going to make money and many are going to lose money. I think it's going to be the opportunists. I really hate this story.

Best financial advice I ever received was given to me by my father over 40 years ago... "Don't give your shares names".

Greenoe Sr confirmed 🧻✋

 

[tussin]

I don't get this diamond grip stuff - sell a tenth of it at $300 and put limit orders in at ridiculously high values. Half your shares at $5000/share for example. Pigs get fat, hogs get slaughtered.

This is exactly what I did. I got in very early to this trade and sold about a third of my position. The rest of the shares can go to zero and I'll have $20K profit guaranteed.

Haters, lovers and opportunists. Some are going to make money and many are going to lose money. I think it's going to be the opportunists. I really hate this story.

There's nothing to hate about this story. Many, many retail traders are getting rich by exploiting a bad trade by institutional investors. It's a wonderful storyline. People who are making initial investments now may very likely lose money -- but I don't think the risk is underappreciated. Turn on CNBC and you will get hit over the head with why this is an enormously risky play right now.

 

[Greenore]

This is exactly what I did. I got in very early to this trade and sold about a third of my position. The rest of the shares can go to zero and I'll have $20K profit guaranteed.



There's nothing to hate about this story. Many, many retail traders are getting rich by exploiting a bad trade by institutional investors. It's a wonderful storyline. People who are making initial investments now may very likely lose money -- but I don't think the risk is underappreciated. Turn on CNBC and you will get hit over the head with why this is an enormously risky play right now.

I'm being sincere in saying best of luck tussin and everyone else involved in this play. I hope you all make lots of money. I really don't care about the hedge funds but I do worry about the "average joe/jill" investor. As always, Caveat Emptor.

 

[tussin]

I'm being sincere in saying best of luck tussin and everyone else involved in this play. I hope you all make lots of money. I really don't care about the hedge funds but I do worry about the "average joe/jill" investor. As always, Caveat Emptor.

Appreciate it -- I am blessed enough to have a great job and plenty to fall back on. This is honestly fun money to me.

I do get the concern about Average Joe, but I find it hard to believe that there is widespread misunderstanding of the risks involved. If anything, I hope this encourages more and more individuals to read about finance and invest in the markets. Also, despite the fact that many hedge fund guys are manipulators, I don't really have a bone to pick with the concept of hedge funds in general. The market is a jungle and it's fun to see the retail investors massively outmaneuver "professionals" on this trade. Make no mistake -- the retail guys that got in early on this trade (and there are many) are making out with millions.

 

[SonofOahu]

The $BB and $NOK plays make no sense and there's evidence that they are being promoted by bots trying to push people off $GME.

$AMC is fine I guess for a short-term momentum play but I don't think the actual bull case is there to trigger a squeeze anywhere near the magnitude of what we have with GameStop.

BB is the second highest shorted stock and had legit buzz before all this GME stuff really broke out because they announced a contract with Amazon.

No, BlackBerry is not that shorted.

https://finance.yahoo.com/quote/BB/key-statistics?p=BB

https://www.highshortinterest.com/

AMC and BB are next in line for WSB.


NOK and NAKD for the poors.

Am BB owner, am okay with that. TO THE MOON!!!!

 

[SonofOahu]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Just got a tip that Citadel reloaded their shorts before they told Robinhood to stop trading <a href="https://twitter.com/search?q=%24GME&src=ctag&ref_src=twsrc%5Etfw">$GME</a>.<br><br>If this is true, Ken Griffin and the Robinhood founders should be in jail.<br><br>This is class warfare.</p>— Justin Kan (@justinkan) <a href="https://twitter.com/justinkan/status/1354853920762253315?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

If true, this is criminal. But unless they were dumb enough to put it in an email it'll never get proven. Shorting GME at $400 and then taking direct action to crash the price is literally securities fraud.

This is my friend's business partner. He was given the good ol' CnD after this.