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#6451 |
"TRF" Member
Join Date: Jan 2019
Location: North America
Posts: 2,369
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#6452 | |
"TRF" Member
Join Date: Sep 2019
Location: Los Angeles
Watch: 126710 BLNR
Posts: 75
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Quote:
GME = Short Squeeze AMC = Developing short Squeeze BBBY = Developing short Squeeze BB = EV/Cyber-Security/amazon partnership hype |
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#6453 |
"TRF" Member
Join Date: Aug 2013
Real Name: Krishna
Location: Australia
Posts: 611
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#6454 |
"TRF" Member
Join Date: May 2018
Real Name: Jared
Location: Westchestah
Watch: 116200
Posts: 814
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I fear that all of this price action on GME has turned me from a savvy, patient, value-oriented investor into a gambling degenerate.
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#6455 |
"TRF" Member
Join Date: May 2014
Real Name: Felix
Location: GMT +1
Watch: Yes!
Posts: 3,082
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#6456 |
"TRF" Member
Join Date: Jun 2016
Location: Pittsburgh, PA
Posts: 1,730
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#6457 |
2025 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,394
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Melvin finally exited their gme position. Classic
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#6458 |
"TRF" Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,579
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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.
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#6459 |
"TRF" Member
Join Date: Jul 2010
Location: USA
Watch: Good ones
Posts: 8,545
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This GME and AMC phenomenon is a bit alarming. Hope they stay away from my conventional stocks. I like somewhat predictable.
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#6460 |
"TRF" Member
Join Date: May 2018
Real Name: Jared
Location: Westchestah
Watch: 116200
Posts: 814
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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.
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#6461 |
"TRF" Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,579
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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.
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#6462 | |
2025 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 21,788
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Quote:
Your call. ![]() STAY STRONG and REMEMBER to make your shares NON-LENDABLE.
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__________________ GTG: Rednecks And Rolex MARCH 15th @ Freedom Factory In Bradenton FL https://www.rolexforums.com/showthread.php?t=976099 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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#6463 | |
"TRF" Member
Join Date: Jul 2010
Location: Denver
Posts: 4,324
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Quote:
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.
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Jason 116610 LN DateJust Pelagos FXD |
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#6464 |
"TRF" Member
Join Date: Feb 2013
Real Name: Ryan
Location: DMV
Watch: LVc
Posts: 2,169
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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. |
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#6465 | |
2025 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,816
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Quote:
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#6466 | ||
"TRF" Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,579
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Quote:
Quote:
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.
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#6467 | |
"TRF" Member
Join Date: Jul 2010
Location: USA
Watch: Good ones
Posts: 8,545
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I use the George Constanza technique on Cramer.
Quote:
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#6468 |
"TRF" Member
Join Date: Sep 2019
Location: Los Angeles
Watch: 126710 BLNR
Posts: 75
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#6469 |
"TRF" Member
Join Date: Jun 2015
Real Name: BMF
Location: Tennessee USA
Watch: FPJ UTC
Posts: 2,285
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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!
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#6470 |
"TRF" Member
Join Date: Aug 2013
Real Name: Krishna
Location: Australia
Posts: 611
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#6471 |
"TRF" Member
Join Date: Feb 2013
Real Name: Ryan
Location: DMV
Watch: LVc
Posts: 2,169
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Boy, another wild day.
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#6472 |
"TRF" Member
Join Date: May 2018
Real Name: Jared
Location: Westchestah
Watch: 116200
Posts: 814
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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.
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#6473 |
"TRF" Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,579
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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.
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#6474 | |
"TRF" Member
Join Date: Mar 2011
Real Name: B.
Location: Beverly Hills, CA
Posts: 3,692
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Quote:
Some great buys at MO, PYPL was down over 5.5% at one point.
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#6475 |
"TRF" Member
Join Date: Feb 2017
Location: USA
Posts: 4,417
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#6476 |
"TRF" Member
Join Date: Apr 2018
Real Name: Russell
Location: Moses Lake
Watch: 216570 Polar
Posts: 282
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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?
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Polar 216570 ElPrimero O’69 Nomos Tangente Hamilton Khaki Sub 114060 |
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#6477 | |
"TRF" Member
Join Date: May 2018
Real Name: Jared
Location: Westchestah
Watch: 116200
Posts: 814
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Quote:
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#6478 |
"TRF" Member
Join Date: Mar 2011
Real Name: B.
Location: Beverly Hills, CA
Posts: 3,692
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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.
__________________
Richard Mille RG RM030 || Richard Mille RM72ti || AP 26240 50TH Green Royal Oak Chrono || AP Royal Oak Off Shore Gulf Blue 26238 || AP Royal Oak Blue JUMBO SS 15202ST || AP ROO Diver Green 15720ST || ♕ Rolex Platinum Daytona Diamond 116506 || Cartier Santos |
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#6479 |
"TRF" Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,579
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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...
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#6480 | |
"TRF" Member
Join Date: Feb 2013
Real Name: Ryan
Location: DMV
Watch: LVc
Posts: 2,169
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Quote:
I’ll second that. Hope the stabilization continues. Sent from my iPhone using Tapatalk |
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