Plainview's Stock Trading Thread...
- Thread starter Plainview
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It's chaos. Penny stocks are getting piped. There is zero rational reason for these stocks to go up, then again, the manipulation is now coming from regular Joes rather than billionaires, and they're letting the middle class that has any means know about it before it happens so they can profit. It's like... Robinhood!
I cashed out this morning. Had 30 shares of GME that I bought last summer.
Do you regret cashing out? It seems r/wsb is pretty serious on this $1000 figure. Either way, good for you man, I'm sure you netted a nice little profit!
I'm now sitting on 45K in investments, after plunking in about 4K, over the last couple years. I've actually never had this much money before. What they say is definitely true about it taking money to make money. This is a sizable return so far, though.
I'm now going to take 1K out at a time until my investment is totally neutral, and I'm only playing with gained money.
I'm now going to take 1K out at a time until my investment is totally neutral, and I'm only playing with gained money.
For those of us that have made profits, feel free to share any tips, daily hot buys, ideas, strategies, etc.
I felt like the Fed was closing in. The White House is monitoring the situation, TD ameritrade starting restricting trades of GME this morning. Nasdaq CEO Adena Friedman said her firm actively monitors social media chatter and will halt stock trading if the content it sees matches with “unusual activity in stocks". Something has to give. I took my ball and went home.
A good, short, pun intended, description of why hedge funds are angry and are getting f***.
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www.investopedia.com
Another distinguishing feature of short selling is that the seller is selling a stock that they do not own. That is, they're selling a stock before they buy it. To do that, they must borrow the stock that they're selling from the investment broker. When they do, they sell the stock and wait until it (hopefully) falls in price.
At that time, they can purchase the stock for delivery, then close out the short position at a profit. You may be wondering what happens if the stock price rises and that's an important question. The seller can opt to hold a short position until the stock does fall in price, or they can close out the position at a loss.
Why You Should Never Short a Stock
Short selling a stock means you are betting on the stock decreasing in price. Before taking on this investment, you should fully understand the risks.
How Shorting Works
The motivation behind short selling stocks is that the investor makes money when the stock price falls in value. This is the opposite of the "normal" process, in which the investor buys a stock with the idea that it will rise in price and be sold at a profit.Another distinguishing feature of short selling is that the seller is selling a stock that they do not own. That is, they're selling a stock before they buy it. To do that, they must borrow the stock that they're selling from the investment broker. When they do, they sell the stock and wait until it (hopefully) falls in price.
At that time, they can purchase the stock for delivery, then close out the short position at a profit. You may be wondering what happens if the stock price rises and that's an important question. The seller can opt to hold a short position until the stock does fall in price, or they can close out the position at a loss.
Why this matters for GameStop is that a hedge fund was betting against GameStop, actually purposefully trying to collapse and force into bainkruptency by spreading news, using friends in media, being the slimeballs that they always are. How people got wind of this, I'm not sure. When people got wind of what was going on, they did the exact opposite of what the hedge funds and their minions were doing, except fully through social media. They pumped GME up so the hedge fund got rekt. Massively rekt. Like, closing up shop rekt. We'll see.
Here's a quick sum. Hedge fund "borrowed" 1,000,000 shares of GameStop stock for $20 a share. They sold all the shares for $20 to whoever wanted to buy it. They then purposefully tried to collapse GameStop so they could buy the stock back for $5 per share. If they were successful, they would complete the "borrow" on Friday and pay the lender $5,000,000 because that's the price at the time they settled up. Since the hedge fund sold the "borrowed" shares for $20 per share, $20,000,000, they how have made $15,000,000 in profit.
Not so fast Robinhood's said... Since the stock was piped to $380, let's say it stays there until Friday. The hedge fund now has to settle on Friday for the current price of GME. The hedge fund now owes the lender of the stock $360,000,000 that they sold for $20,000,000.
Here's a quick sum. Hedge fund "borrowed" 1,000,000 shares of GameStop stock for $20 a share. They sold all the shares for $20 to whoever wanted to buy it. They then purposefully tried to collapse GameStop so they could buy the stock back for $5 per share. If they were successful, they would complete the "borrow" on Friday and pay the lender $5,000,000 because that's the price at the time they settled up. Since the hedge fund sold the "borrowed" shares for $20 per share, $20,000,000, they how have made $15,000,000 in profit.
Not so fast Robinhood's said... Since the stock was piped to $380, let's say it stays there until Friday. The hedge fund now has to settle on Friday for the current price of GME. The hedge fund now owes the lender of the stock $360,000,000 that they sold for $20,000,000.
Why this matters for GameStop is that a hedge fund was betting against GameStop, actually purposefully trying to collapse and force into bainkruptency by spreading news, using friends in media, being the slimeballs that they always are. How people got wind of this, I'm not sure. When people got wind of what was going on, they did the exact opposite of what the hedge funds and their minions were doing, except fully through social media. They pumped GRE up so the hedge fund got rekt. Massively rekt. Like, closing up shop rekt. We'll see.
Here's a quick sum. Hedge fund "borrowed" 1,000,000 shares of GameStop stock for $20 a share. They sold all the shares for $20 to whoever wanted to buy it. They then purposefully tried to collapse GameStop so they could buy the stock back for $5 per share. If they were successful, they would complete the "borrow" on Friday and pay the lender $5,000,000 because that's the price at the time they settled up. Since the hedge fund sold the "borrowed" shares for $20 per share, $20,000,000, they how have made $15,000,000 in profit.
Not so fast Robinhood's said... Since the stock was piped to $380, let's say it stays there until Friday. The hedge fund now has to settle on Friday for the current price of GME. The hedge fund now owes the lender of the stock $360,000,000 that they sold for $20,000,000.
Yea its really messed up. The insta karma is amazing.
A finacial person i think named Micheal Curry ran numbers and came to the conclusion that Gamestop had value and gave the stock a range of 65-200(aggressive).
I remember reading that last week and didn't pay it much mind because we're a video games forum and we see how many of us are going all digital.
Silly me!
I think alot of people moving money to the memes. All my other stocks went red thankfully most of them i have confidence to keep awhile.
I think the best strategy is to follow the memes lol, I've made a bit of money in GME and hopefully BB is the next to rocket up.
I'm rather a conservative investor and usually put money into ETFs but this GME business is just too fun. Plus I love seeing these big hedge funds go tits up. And they have the balls to cry "market manipulation" even though it's how they make all their money, screw them. And I'm enjoying some good folks talking about how they can afford to pay for operations they or their families need and give to charities (with pics).
Gutted I didn't get on the AMC jump, my money didn't come through in time.
I'm rather a conservative investor and usually put money into ETFs but this GME business is just too fun. Plus I love seeing these big hedge funds go tits up. And they have the balls to cry "market manipulation" even though it's how they make all their money, screw them. And I'm enjoying some good folks talking about how they can afford to pay for operations they or their families need and give to charities (with pics).
Gutted I didn't get on the AMC jump, my money didn't come through in time.
After hours. This can sway heavily in both directions. Not until about a n hour before market opens do you get a better idea of where it will open.
I hope you bank!
Ahh so the billionaires can go back to manipulating the markets to their will of course.
A big reason for the continued craziness is that Melvin doubled down * 10. Social media would be hard to crack down because the big institutions use it for signals and manipulation. They need to put more controls on margins, options and shorts which may be a good thing because this is where a lot of people get themselves in trouble.
