Talking Stocks 2.0

[Baco Noir]

Sounds like these WSB guys are going after SLV next and I have some of that in my portfolio. I guess I’m going to have to keep an active eye on it next week and watch for a big run up and try to figure out when to lock in gains. With the volatility that GME showed, I’m assuming a trailing Stop Loss order could get triggered to early. Oh well, a good problem to have I guess.

[vipereaper30]

BCRX hit over 11 in pre-market? Dreams may be coming true with the WSB BIOWAR let's see how this plays out leading to open.

[BroncoOne]

Originally Posted by SMD

Yes because they ran out of cash to do so. When you take a buy order you have to post collateral with the clearing house until the trade settles. You do not have to do that with sell orders. Robinhood had a cash crunch and had to do an emergency cash raise in order to survive. Again, you really should learn a little bit about how the markets work if you are going to participate in them. Again, learn how securities actually settle and trade. You don’t own the share when the confetti 🎉 blows across your screen.

Doing just fine, but thanks. Appreciate the concern

[JParm]

Futures looking bright green - is this another dead cat bounce or have people moved on from the GME story?

I still lean towards a bullish 2021, as I remind myself of the environment that we're in with Fed policies - but that doesn't mean we won't have big pullbacks. Just how big remains the question...this market has remained resilient since recovering from the March lows.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Futures looking bright green - is this another dead cat bounce or have people moved on from the GME story?

I still lean towards a bullish 2021, as I remind myself of the environment that we're in with Fed policies - but that doesn't mean we won't have big pullbacks. Just how big remains the question...this market has remained resilient since recovering from the March lows.

Definitely a strong reversal from overnight trading and nice to see as I was adding on the weakness Friday.

I am almost as tired about hearing about GME as Corona. Ready for that recovery haha!

I initiated a new position in Ehang. While the stock has had a huge run, this is more of a speculative position for me in a company which I think has a bright future. Anyone else own or watching this one?

Also, Cango had a nice pullback Friday for a better entry.


Sent from my iPhone using Tapatalk

[RyanO]

For those holding Sea Ltd, she’s on a tear premarket!


Sent from my iPhone using Tapatalk

[JParm]

Originally Posted by RyanO

For those holding Sea Ltd, she’s on a tear premarket!


Sent from my iPhone using Tapatalk

I ended up buying a call late Friday before close because I can't stay away - and just sold it. Nothing like a quick 40% gain there.

Continue to be long SE, MELI and AMZN - e-commerce is not going away anytime soon and more growth opportunities ahead.

[chsu74]

ALUS

SPAC merger with Freyr announced on Fri. https://www.freyrbattery.com Norwegian solid state battery company. Competitor to QS. That was a wild ride..

[JParm]

https://www.cnbc.com/2021/02/01/ford...pps-cloud.html

Long GOOGL. Let's see what earnings brings tomorrow, but expect big things from this giant company for a long time.

[RyanO]

MW Square seems to be picking up Cash App users amid Robinhood drama, says analyst

Square Inc.'s (SQ) Cash App seems to be the primary beneficiary of the recent user backlash against Robinhood, according to an analyst. Mizuho analyst Dan Dolev said that his recent survey of retail investors found that Square picked up the most users among those who left Robinhood's platform due to complaints over the company's decision to limit purchases late last week of hot stocks like GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) amid a retail investing frenzy. Almost 40% of those surveyed by Mizuho said they moved to Square's Cash App, which allows users to buy and sell stocks, and about a third of those who switched to Square were new users to the platform, Dolev wrote. Square picked up more users from the Robinhood backlash than Stash, Fidelity, or any of the other platforms that Mizuho looked at through the survey of about 80 retail investors. Square shares are up about 2% in midday trading Monday and they're up 42% over the past three months as the S&P 500 has risen 16%.

[Eyenigma]

E*Trade was literally down for an hour and change at open. 9:30AM to 11:00 ish - zero orders were being filled. Market or otherwise. Absolutely devastating. Was plenty of money to be made that couldn't be. Hard not to buy into conspiracies with nonsense like that.

Current positions - (hate me all you want) - weekly puts on $GME. No way Redditors stay the course. Especially with diversions like Silver and BTC. Profit isn't profit until you sell, and I can't imagine the "diamond hands" kids will completely forgo all their paper wealth to prove a point. Maybe I'm wrong. Hence defined risk with options.

[huncho]

Originally Posted by Eyenigma

E*Trade was literally down for an hour and change at open. 9:30AM to 11:00 ish - zero orders were being filled. Market or otherwise. Absolutely devastating. Was plenty of money to be made that couldn't be. Hard not to buy into conspiracies with nonsense like that.

Current positions - (hate me all you want) - weekly puts on $GME. No way Redditors stay the course. Especially with diversions like Silver and BTC. Profit isn't profit until you sell, and I can't imagine the "diamond hands" kids will completely forgo all their paper wealth to prove a point. Maybe I'm wrong. Hence defined risk with options.

a lot of these kids on reddit are gonna get burned. i understand it's fun for most of them but the ones with millions in profits are treating it like a game, it's scary when you have that kinda money in it

[JParm]

Great movement today, and excellent close. Got my eye on GOOGL / AMZN earnings tomorrow, PINS/U on Thursday.

Still sitting on 10% cash, which at this point is the minimum amount I want to have for crash. 90% invested ain't bad!

[Eyenigma]

Originally Posted by huncho

a lot of these kids on reddit are gonna get burned.

At this point, deservedly so. Even swapping common for call options would be smart and prudent for those sitting on massive gains. It's not profit until you sell. That goes for stocks or a Rolex. Doesn't matter what you were up at the blackjack table at one point. What did you walk away with?

Trying to give people small bits of rational advice too, you're downvoted to oblivion. Oh well. People who put their life savings into this are going to learn (later) they were part of the biggest self fueled pump and dump in the last 20 years.

[RyanO]

Originally Posted by Eyenigma

E*Trade was literally down for an hour and change at open. 9:30AM to 11:00 ish - zero orders were being filled. Market or otherwise. Absolutely devastating. Was plenty of money to be made that couldn't be. Hard not to buy into conspiracies with nonsense like that.

Current positions - (hate me all you want) - weekly puts on $GME. No way Redditors stay the course. Especially with diversions like Silver and BTC. Profit isn't profit until you sell, and I can't imagine the "diamond hands" kids will completely forgo all their paper wealth to prove a point. Maybe I'm wrong. Hence defined risk with options.

I had the same issues with Etrade today at the same time. Very frustrating indeed.

[-dustin]

Originally Posted by Eyenigma

At this point, deservedly so. Even swapping common for call options would be smart and prudent for those sitting on massive gains. It's not profit until you sell. That goes for stocks or a Rolex. Doesn't matter what you were up at the blackjack table at one point. What did you walk away with?

Trying to give people small bits of rational advice too, you're downvoted to oblivion. Oh well. People who put their life savings into this are going to learn (later) they were part of the biggest self fueled pump and dump in the last 20 years.

I imagine that this fellow was well beyond any rational advice if he had truly dumped his IRA in it.

[vipereaper30]

Originally Posted by AshCashEmAll

Aww man I wish you didn’t tell me. Time to gamble!


Sent from my iPhone using Tapatalk

So, did you get in? Today's action exceeded my wildest expectations. Sold off a bit after hours but 39% isn't too bad on the day.

BCRX to the moon!

[asloper6001]

I think SLV is a trap. The way CNBC and them covered it today. These kids definitely need to be careful now bc the MM's know how to easily set them up. Its only a matter of time now. The diversion tactics are all aboard now. The more WSB grows the more confused they will become. All they see is Melvin has a position lol

[Laszlo]

48% today. Not complaining.

[gnuyork]

Originally Posted by Laszlo

48% today. Not complaining.

You're up 48%? Wow! Congrats. I thought I did well with 5%.

Edit: I see, I guess you mean BCRX...

[gnuyork]

Originally Posted by asloper6001

I think SLV is a trap. The way CNBC and them covered it today. These kids definitely need to be careful now bc the MM's know how to easily set them up. Its only a matter of time now. The diversion tactics are all aboard now. The more WSB grows the more confused they will become. All they see is Melvin has a position lol

According to the majority of comments on a CNN you tube clip I saw about "silver surges", these reddit people didn't fall for it.

[AshCashEmAll]

Originally Posted by vipereaper30

So, did you get in? Today's action exceeded my wildest expectations. Sold off a bit after hours but 39% isn't too bad on the day.

BCRX to the moon!

I had an order for feb19 calls but it didn’t go through... but I was up till 4 am last night looking at the price action.


Sent from my iPhone using Tapatalk

[huncho]

Originally Posted by Eyenigma

At this point, deservedly so. Even swapping common for call options would be smart and prudent for those sitting on massive gains. It's not profit until you sell. That goes for stocks or a Rolex. Doesn't matter what you were up at the blackjack table at one point. What did you walk away with?

Trying to give people small bits of rational advice too, you're downvoted to oblivion. Oh well. People who put their life savings into this are going to learn (later) they were part of the biggest self fueled pump and dump in the last 20 years.

yeah its sad, hedge funds will end up on top in the long run because they have profit taking down to a science. these guys will get burned by their own greed

[sokoloka]

Originally Posted by Eyenigma

E*Trade was literally down for an hour and change at open. 9:30AM to 11:00 ish - zero orders were being filled. Market or otherwise. Absolutely devastating. Was plenty of money to be made that couldn't be. Hard not to buy into conspiracies with nonsense like that.

Was wondering WTF was going on this morning - placed a few market orders and took upwards of 10+ mins to fill and this was about 15 minutes after the open.

Super frustrating.

[JWD531]

Originally Posted by jpeezy14@hotmail.com

Great movement today, and excellent close. Got my eye on GOOGL / AMZN earnings tomorrow, PINS/U on Thursday.

Still sitting on 10% cash, which at this point is the minimum amount I want to have for crash. 90% invested ain't bad!

Ya, I am very intrigued about tomorrow. Not sure if it will be more “gap up and sell off,” or not.


Sent from my iPhone using Tapatalk

[Spartacus]

I’m pulling for WSB-Reddit. Would love to see GME hit $1000.

[logo]

Originally Posted by huncho

yeah its sad, hedge funds will end up on top in the long run because they have profit taking down to a science. these guys will get burned by their own greed

Already it happening after hours. They brought BB down -8% on no news/reason with trades of 1-5 shares, probably to scare off retail, before bringing it back up to -2%. Rinse and repeat for them. Their buying power is essentially unlimited, which makes it tough for retail to pump memes any further. They did well last week when all retail were buying concurrently, but once the retail money fountain runs dry, it’s the end of the line.

[jaisonline]

Ark Invest bought a nice amount of $dkng today.

[tudorbaja27]

Originally Posted by huncho

yeah its sad, hedge funds will end up on top in the long run because they have profit taking down to a science. these guys will get burned by their own greed

Exactly. I spent 15 minutes scrolling through WSB - and my, oh my, this won't be pretty in the end for most.

Quote: "I lost half of my life savings today, but I'm HOLDING"

And thousands of these morons not really understanding the end game, because, well, they don't have an end game.

[2bigalow]

Originally Posted by tudorbaja27

Exactly. I spent 15 minutes scrolling through WSB - and my, oh my, this won't be pretty in the end for most.

Quote: "I lost half of my life savings today, but I'm HOLDING"

And thousands of these morons not really understanding the end game, because, well, they don't have an end game.

Blinded by get quick greed, this is truly sad.

It's prolly safe to say, those who made a healthy profit will not hear the knock at the door....The tax man cometh...