Talking Stocks 2.0

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Originally Posted by AshCashEmAll

Same thing going on here?


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BB short interest is quite low. Could be gamma squeeze though from call options.

[bimmer nerd]

Originally Posted by AshCashEmAll

Same thing going on here?


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From my understanding, the sentiment on the recent meme stocks are as follows:

GME = Short Squeeze
AMC = Developing short Squeeze
BBBY = Developing short Squeeze
BB = EV/Cyber-Security/amazon partnership hype

[Vishy26]

Originally Posted by enjoythemusic

Add AMC and BBBY as a buy. This is going to be fun.

Yea, was thinking to add small positions on all three. Happy to see my money disappear. This looks be one of the fights of the decade or at the worst, one of the fights of 2021

[jltait]

I fear that all of this price action on GME has turned me from a savvy, patient, value-oriented investor into a gambling degenerate.

[Flex368]

Originally Posted by Screwly

Bought amc and in for the ride

Same here.

[thedak]

Originally Posted by jltait

I fear that all of this price action on GME has turned me from a savvy, patient, value-oriented investor into a gambling degenerate.

[asloper6001]

Melvin finally exited their gme position. Classic

[JParm]

I'm not a buyer of the GME / AMC / Wall Street Bets stocks but I will say this - I think that this has brought on an entirely new level of investor that obviously was not a factor before. You cannot underestimate the power of the retail investor at this point, or the power of the internet for that matter.

Is this a good thing? Well, if you hate shorts, sure. It's not like pumping and dumping isn't a real thing by some of these institutions, so this is the retail investor's weapon. But there are some who say that shorting is an essential part of the market too. At the end of the day, it is very interesting to watch...and painful to see as my growth stocks are taking a hit while people funnel money from true investments to 100% speculation.

[scarlet knight]

This GME and AMC phenomenon is a bit alarming. Hope they stay away from my conventional stocks. I like somewhat predictable.

[jltait]

Originally Posted by scarlet knight

This GME and AMC phenomenon is a bit alarming. Hope they stay away from my conventional stocks. I like somewhat predictable.

I’d say good luck not being impacted by this mania at least marginally. Diversified ETFs such as FOF are now moving with relatively large swings only holding tiny, tiny percentages of wsb targets. This will have ripple effects and cause fund and index rebalancing on the frontier, pushing everything around slightly like waves in a bathtub.

[JParm]

Speculation is that firms are selling out of solid names to cover their shorts, thus the price action on a lot of growth stocks. Sell out of solid companies to cover shorts on speculation - just amazed at this point.

[enjoythemusic]

Originally Posted by jltait

I fear that all of this price action on GME has turned me from a savvy, patient, value-oriented investor into a gambling degenerate.

Well, you could follow CNBC's Jim Cramer and buy/hold Bear Sterns. You know, the 'professional trader' who outwardly admitted to manipulating Apple stock years ago on video for all to see (and yes i alerted the SEC, they don't care).

Your call.

STAY STRONG and REMEMBER to make your shares NON-LENDABLE.

[JasoninDenver]

Originally Posted by jpeezy14@hotmail.com

Speculation is that firms are selling out of solid names to cover their shorts, thus the price action on a lot of growth stocks. Sell out of solid companies to cover shorts on speculation - just amazed at this point.

But that could be good buying opportunities for value investors.

I suspect that the retail investor effect on stocks based on tweets and reddit board discussions on short positions will be short lived. We have been here before and it ended badly each time.

[RyanO]

Recommending Cango, I initiated a position today. One to look into with a bright future ahead.

Also initiated a position in FIX.

On another note, looks like I reopened my positions in SQ and SE too early, and Boeing isn't faring so well, either. Oh well.

[huncho]

Originally Posted by jpeezy14@hotmail.com

I'm not a buyer of the GME / AMC / Wall Street Bets stocks but I will say this - I think that this has brought on an entirely new level of investor that obviously was not a factor before. You cannot underestimate the power of the retail investor at this point, or the power of the internet for that matter.

Is this a good thing? Well, if you hate shorts, sure. It's not like pumping and dumping isn't a real thing by some of these institutions, so this is the retail investor's weapon. But there are some who say that shorting is an essential part of the market too. At the end of the day, it is very interesting to watch...and painful to see as my growth stocks are taking a hit while people funnel money from true investments to 100% speculation.

i think this will end ugly. wsb used to actually be a good place to find under the radar stuff that was worth the risk. now there's 500k people online at the same time for 3 days straight and their daily threads are just comments full of bots and manipulation

[JParm]

Originally Posted by JasoninDenver

But that could be good buying opportunities for value investors.

I suspect that the retail investor effect on stocks based on tweets and reddit board discussions on short positions will be short lived. We have been here before and it ended badly each time.

Originally Posted by huncho

i think this will end ugly. wsb used to actually be a good place to find under the radar stuff that was worth the risk. now there's 500k people online at the same time for 3 days straight and their daily threads are just comments full of bots and manipulation

I don't disagree with either of you. Many of these top names are now at a discount; look no further than my favorites of PINS and SE.

I am not worried long-term, because I do believe this will be short lived. The only thing it changes is my strategy on options; as I've mentioned, I've been debating on selling out of calls recently to get cash heavy and this is pushing me more and more towards that in order to buy the dip in shares vs. calls.

[scarlet knight]

Originally Posted by enjoythemusic

Well, you could follow CNBC's Jim Cramer and buy/hold Bear Sterns. You know, the 'professional trader' who outwardly admitted to manipulating Apple stock years ago on video for all to see (and yes i alerted the SEC, they don't care).

Your call.

STAY STRONG and REMEMBER to make your shares NON-LENDABLE.

I do the opposite. (I don’t short, just don’t buy his recommendations).

[bimmer nerd]

Originally Posted by asloper6001

Melvin finally exited their gme position. Classic

Source? CNBC?

The short interest hasn’t changed according to most of my sources, how could they have exited their positions without effecting the short float?

Am I missing something?

[vipereaper30]

Originally Posted by RyanO

Thanks very much. Very helpful mate. I initiated a small position AH and look forward to seeing where we go from here.


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AUPH continues to be pushed down, again added @ 16 this AM. The stock is risky enough I think the options on this one may be ripe for manipulation. Good luck!

[Vishy26]

Originally Posted by bimmer nerd

Source? CNBC?

The short interest hasn’t changed according to most of my sources, how could they have exited their positions without effecting the short float?

Am I missing something?

Source is CNBC I think

[RyanO]

Boy, another wild day.

[jltait]

Originally Posted by bimmer nerd

Source? CNBC?

The short interest hasn’t changed according to most of my sources, how could they have exited their positions without effecting the short float?

Am I missing something?

Yes, CNBC. Melvin has existed their short, or so they say. If true other short sellers have taken their place on this ride up. If it was an attractive short at 20, it’s a very attractive short at 320, were it not for the steamrolling momentum.

[JParm]

Added to GOOGL, MELI, PINS and SE. Took profit on some U and MGNI longs.

Bought calls in MGNI and SE; too large a dip at open in my opinion.

[7sins]

Originally Posted by bimmer nerd

Source? CNBC?

The short interest hasn’t changed according to most of my sources, how could they have exited their positions without effecting the short float?

Am I missing something?

Short interest data is typically only updated bi-weekly.

Some great buys at MO, PYPL was down over 5.5% at one point.

[V25V]

Originally Posted by jltait

I fear that all of this price action on GME has turned me from a savvy, patient, value-oriented investor into a gambling degenerate.

This was hilarious to read, thank you.

[RBradleigh]

Out of curiosity do Gamestop Execs get to sell their vested shares/options at this?

Just what if all large share holding execs and funds mass dump and company files bankruptcy?

How many funds and retail investors would lose their shirts if buying at 100, 200 and 300 while BA values the company at $10/

And then in bankruptcy wouldn’t all common shares be about worthless?

[jltait]

Originally Posted by jpeezy14@hotmail.com

Speculation is that firms are selling out of solid names to cover their shorts, thus the price action on a lot of growth stocks. Sell out of solid companies to cover shorts on speculation - just amazed at this point.

This reminded me of the March covid plummet where gold also plunged because it was one of the only things of stable value. Traders were liquidating GLD positions in order to cover margin calls. Baby out with the bath water and all that. It of course came roaring back again

[7sins]

GME WOULD BE FOOLISH to not do an equity raise at these levels to put some cash away, which they will most certainly need in the future.

[JParm]

Very happy with the action thus far and the buying opportunity presented this morning. Many stocks going back to trendlines. Let's hope it continues to recover.

I'd be lying though if there wasn't a part of me during pre-market/open that was VERY concerned...

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Very happy with the action thus far and the buying opportunity presented this morning. Many stocks going back to trendlines. Let's hope it continues to recover.

I'd be lying though if there wasn't a part of me during pre-market/open that was VERY concerned...

I’ll second that. Hope the stabilization continues.


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