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-   -   STOCK MARKET Thread (https://www.revscene.net/forums/374823-stock-market-thread.html)

Spoon 02-01-2021 03:04 PM

So do the people left holding the bucket start complaining about the dangers of market manipulation in the internet and the need to throw these people behind bars? :lol

68style 02-01-2021 03:13 PM

After hours for GME is a bit ugly... another 20+% down at one point but about 15% now... stay safe everyone

threezero 02-01-2021 03:59 PM

Quote:

Originally Posted by lowside67 (Post 9016382)
If I were looking to continue to put Vegas money on Gamestop, I'd say I like the downward direction more than up. But a naked short is pretty scary, if I am betting downwards, I'd likely prefer to buy put options. It's a far more binary outcome - you either win or lose (all of your investment), but at least the potential loss is limited to what you put into the options rather than an unlimited exposure of a short.

-Mark

Note on the put option.

The IV is still insanely jacked on GME.

You will still lose premium even as the stock price itself crashes down.

My put spread is worth less today than it was last week. Expect to see both side of the the option chain crashing down in value with the stock.

If it’s seems easy money. It’s most likely a trap. GME is going to be a painful lesson for all those that are just in it for the money that join last week...

ilovebacon 02-01-2021 04:56 PM

Lots of ladder shorting.. what an ugly day.

BIC_BAWS 02-01-2021 06:31 PM

Quote:

Originally Posted by Eff-1 (Post 9016412)
I bailed out on NAKD today. Lost some decent money, but it's okay, I knew the risk. Got caught up in the FOMO for sure and didn't do my DD, just listened to a rich friend with way more disposable income who had already made his profits by buying in a week ago and followed his lead to my detriment.

EFF-1 knew the risks and was okay with it. But for everyone else who is new to trading and is reading this thread - do not do this.

Rich buddy tells you how much profit he's made on X stock, by the time you hear about it, it's more often than not too late for you to go and buy that stock. If anything, if it's not a hype stock (ie. VERY), I would just put it on my watch list, do my DD (due diligence) and wait for a significantly lower price.

I'm no expert or anything and this isn't financial advise. But I've seen many friends, myself included, when we were ultra newbs at the stock market that purchased a stock by listening to a rich friend and got fucked. Like entry at $8 to exit $3 (one guy exited at $1.00) kind of fucked. Bag holding is not the way to go

Obsideon 02-01-2021 07:11 PM

Quote:

Originally Posted by blkgsr (Post 9016429)
i can't see GME making a come back based on what's been written above...nor do i care as i'm not invested

hoping there's still hope for AMC

I'm in the same boat, let's hope for the best!

Mr.Money 02-01-2021 07:52 PM

GME bounced back once on one dip so far......that wasn't expected to me

the ultimate gamble is if you're thinking its gonna dip $150 and boost to $250 in matter of hours a 2nd time

:suspicious:

BIC_BAWS 02-01-2021 11:07 PM

LOL the first ad I see on Reddit.. damage control


https://uploads.tapatalk-cdn.com/202...9cb34053da.jpg

SkinnyPupp 02-01-2021 11:08 PM

To me it looks like it's not even close to being over; they're trying to mitigate complete disaster. If all the shorts were covered, the volume should be pretty easy to keep track of. Reddit is making them hold on and pretend things are fine, let's see who has the most patience LUL

SumAznGuy 02-02-2021 06:15 AM

Quote:

Originally Posted by BIC_BAWS (Post 9016467)
EFF-1 knew the risks and was okay with it. But for everyone else who is new to trading and is reading this thread - do not do this.

Rich buddy tells you how much profit he's made on X stock, by the time you hear about it, it's more often than not too late for you to go and buy that stock. If anything, if it's not a hype stock (ie. VERY), I would just put it on my watch list, do my DD (due diligence) and wait for a significantly lower price.

I have a friend who missed the early wave and bought before the weekend at under $300. He didn't mention anything yesterday but I hope he cashed out when it was $325 because it's very ugly right now and I just don't see it bouncing back up.

blkgsr 02-02-2021 06:47 AM

Quote:

Originally Posted by Obsideon (Post 9016472)
I'm in the same boat, let's hope for the best!

not looking good this morning....the lows keep getting lower.

unit 02-02-2021 07:13 AM

i find that usually i find out about these things when things are still going up, and i usually don't get caught up in it but i did here. when i got in i had ample opportunity to get out with a tidy profit but then greed kicks in. oh well, lesson learned.

GIZZ 02-02-2021 07:25 AM

Mark Cuban goes live. GME starts climbing and they halt the trading, killing momentum. Too much manipulation.

Doubl3_H 02-02-2021 07:27 AM

Yikes for this guy

https://i.ibb.co/yR9SH7n/47oih6km7be61.jpg
image hosting websites

unit 02-02-2021 07:44 AM

i get the feeling that this is not uncommon. some ppl believed so hard they prob did stupid things like take out massive loans

underscore 02-02-2021 08:07 AM

Another news org not bothering to verify anything before posting stuff that's easily checked as false. If nothing else GME has been good at showing who to ignore.

https://markets.businessinsider.com/...1-2-1030028701

cafe22 02-02-2021 08:15 AM

Lots of paper hands today.

Spoon 02-02-2021 08:53 AM

Quote:

Originally Posted by BIC_BAWS (Post 9016467)
I'm no expert or anything and this isn't financial advise. But I've seen many friends, myself included, when we were ultra newbs at the stock market that purchased a stock by listening to a rich friend and got fucked.

This is why it pays to go long as a retail investor. If you're not first, you're last.

whitev70r 02-02-2021 11:53 AM

The rockets for GME are coming back to earth.

Razor Ramon HG 02-02-2021 12:10 PM

AMZN beats and Bezos steps down as CEO to executive chairman in Q3.

whitev70r 02-02-2021 12:19 PM

^ Reminds me of Bill Gates ... at some time, founder should step down and do other things.

Razor Ramon HG 02-02-2021 12:45 PM

Quote:

Originally Posted by whitev70r (Post 9016539)
^ Reminds me of Bill Gates ... at some time, founder should step down and do other things.

https://finance.yahoo.com/news/amazo...211421791.html

Should've linked the article earlier.

Quote:

“Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else,” he added. “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

whitev70r 02-02-2021 01:16 PM

^ yup, once you are swimming in billions, something clicks inside and I think you start thinking how I can leave a positive legacy of some sort like environment, alleviate poverty, health and eradicating disease, education for the developing countries, clean water, etc.

I actually like how some of the wealthiest people in the world has pledged to give away like 50% of their wealth away. https://en.wikipedia.org/wiki/The_Giving_Pledge

Obsideon 02-02-2021 01:51 PM

Well ouch for AMC, I hope it bounces back a little...

lowside67 02-02-2021 03:16 PM

Quote:

Originally Posted by Obsideon (Post 9016554)
Well ouch for AMC, I hope it bounces back a little...

Not really sure why it would... the long term targets for AMC range between $1.00 and $5.00ish depending on the analyst.

-Mark


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