The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
02-01-2021, 04:04 PM
|
#11101 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
|
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?  | 
|  | |
02-01-2021, 04:13 PM
|
#11102 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,624
Thanked 17,308 Times in 5,785 Posts
Failed 291 Times in 187 Posts
|
After hours for GME is a bit ugly... another 20+% down at one point but about 15% now... stay safe everyone
| 
| | |
02-01-2021, 04:59 PM
|
#11103 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by lowside67  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...
| |
| | |
02-01-2021, 05:56 PM
|
#11104 | | My homepage has been set to RS
Join Date: Jan 2012 Location: vancouver
Posts: 2,447
Thanked 1,759 Times in 545 Posts
Failed 1,107 Times in 281 Posts
|
Lots of ladder shorting.. what an ugly day.
| |
| | |
02-01-2021, 07:31 PM
|
#11105 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
Posts: 4,235
Thanked 4,797 Times in 1,619 Posts
Failed 165 Times in 63 Posts
| Quote:
Originally Posted by Eff-1 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
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
| |
| | |
02-01-2021, 08:11 PM
|
#11106 | Ebisu Boss
Join Date: Apr 2001 Location: West Side
Posts: 4,048
Thanked 1,889 Times in 705 Posts
Failed 76 Times in 29 Posts
| Quote:
Originally Posted by blkgsr 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!
| |
| | |
02-01-2021, 08:52 PM
|
#11107 | | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
Posts: 4,322
Thanked 2,797 Times in 916 Posts
Failed 1,257 Times in 270 Posts
|
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 
__________________
Fly Your Own Flag.
| |
| | |
02-02-2021, 12:07 AM
|
#11108 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
Posts: 4,235
Thanked 4,797 Times in 1,619 Posts
Failed 165 Times in 63 Posts
|
LOL the first ad I see on Reddit.. damage control 
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
| |
| | |
02-02-2021, 12:08 AM
|
#11109 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 53,367
Thanked 24,430 Times in 8,497 Posts
Failed 1,535 Times in 683 Posts
|
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  | |
| | |
02-02-2021, 07:15 AM
|
#11110 | | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
Posts: 8,449
Thanked 2,414 Times in 1,283 Posts
Failed 128 Times in 71 Posts
| Quote:
Originally Posted by BIC_BAWS 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.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
| | |
02-02-2021, 07:47 AM
|
#11111 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
| Quote:
Originally Posted by Obsideon I'm in the same boat, let's hope for the best! | not looking good this morning....the lows keep getting lower.
| |
| | |
02-02-2021, 08:13 AM
|
#11112 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,866 Times in 1,151 Posts
Failed 153 Times in 76 Posts
|
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.
| |
| | |
02-02-2021, 08:25 AM
|
#11113 | | Even when im right, revscene.net is still right!
Join Date: Jun 2003 Location: Vancouver
Posts: 1,307
Thanked 390 Times in 164 Posts
Failed 15 Times in 6 Posts
|
Mark Cuban goes live. GME starts climbing and they halt the trading, killing momentum. Too much manipulation.
| |
| | |
02-02-2021, 08:27 AM
|
#11114 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
Posts: 3,077
Thanked 299 Times in 72 Posts
Failed 8 Times in 8 Posts
|
__________________
,___,
[O.o]....O'Rly?
/)__)
-"--"-
| |
| | |
02-02-2021, 08:44 AM
|
#11115 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,866 Times in 1,151 Posts
Failed 153 Times in 76 Posts
|
i get the feeling that this is not uncommon. some ppl believed so hard they prob did stupid things like take out massive loans
| |
| | |
02-02-2021, 09:07 AM
|
#11116 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,700
Thanked 9,390 Times in 4,089 Posts
Failed 427 Times in 225 Posts
|
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
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
| | |
02-02-2021, 09:15 AM
|
#11117 | | Need my Daily Fix of RS
Join Date: Oct 2018 Location: Vancouver
Posts: 277
Thanked 312 Times in 117 Posts
Failed 0 Times in 0 Posts
|
Lots of paper hands today.
| |
| | |
02-02-2021, 09:53 AM
|
#11118 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
| Quote:
Originally Posted by BIC_BAWS 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.
| |
| | |
02-02-2021, 12:53 PM
|
#11119 | | I answer every Emotion with an emoticon
Join Date: Nov 2002 Location: 604
Posts: 7,954
Thanked 4,406 Times in 2,119 Posts
Failed 296 Times in 140 Posts
|
The rockets for GME are coming back to earth.
| |
| | |
02-02-2021, 01:10 PM
|
#11120 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
Failed 240 Times in 64 Posts
|
AMZN beats and Bezos steps down as CEO to executive chairman in Q3.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
| | |
02-02-2021, 01:19 PM
|
#11121 | | I answer every Emotion with an emoticon
Join Date: Nov 2002 Location: 604
Posts: 7,954
Thanked 4,406 Times in 2,119 Posts
Failed 296 Times in 140 Posts
|
^ Reminds me of Bill Gates ... at some time, founder should step down and do other things.
| |
| | |
02-02-2021, 01:45 PM
|
#11122 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
Failed 240 Times in 64 Posts
| Quote:
Originally Posted by whitev70r ^ 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.”
|
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
| | |
02-02-2021, 02:16 PM
|
#11123 | | I answer every Emotion with an emoticon
Join Date: Nov 2002 Location: 604
Posts: 7,954
Thanked 4,406 Times in 2,119 Posts
Failed 296 Times in 140 Posts
|
^ 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 | |
| | |
02-02-2021, 02:51 PM
|
#11124 | Ebisu Boss
Join Date: Apr 2001 Location: West Side
Posts: 4,048
Thanked 1,889 Times in 705 Posts
Failed 76 Times in 29 Posts
|
Well ouch for AMC, I hope it bounces back a little...
| |
| | |
02-02-2021, 04:16 PM
|
#11125 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,596
Thanked 4,042 Times in 1,232 Posts
Failed 129 Times in 79 Posts
| Quote:
Originally Posted by Obsideon 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
__________________
I'm old now - boring street cars and sweet race cars. | |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 05:26 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
