Investing, Stock Market and Retirement Planning Thread

Postby **mac5155** » Wed Jan 27, 2021 10:08 am

That's convenient.

Postby **skullman80** » Wed Jan 27, 2021 10:11 am

Yeah it's a **** show all around.

Postby **meow** » Wed Jan 27, 2021 10:13 am

Ok. Explain this all to me like I am 5 years old - which is exactly what I tell my financial advisor when we talk.

It seems like some internet folks decided to bankrupt a group of Wall Street doofuses by buying a random stock (GameStop) and it is actually working. Is this correct?

Postby **mac5155** » Wed Jan 27, 2021 10:14 am

All the apps are down. Lol

Postby **willeyeam** » Wed Jan 27, 2021 10:14 am

my stop order hit at 250 - i am out, it was a good ride. put in 1k and tripled it on that and AMC this AM

Postby **mac5155** » Wed Jan 27, 2021 10:14 am

Ok. Explain this all to me like I am 5 years old - which is exactly what I tell my financial advisor when we talk.

It seems like some internet folks decided to bankrupt a group of Wall Street doofuses by buying a random stock (GameStop) and it is actually working. Is this correct?

Pretty much.

Postby **skullman80** » Wed Jan 27, 2021 10:16 am

my stop order hit at 250 - i am out, it was a good ride. put in 1k and tripled it on that and AMC this AM

Smart to have an exit strategy.

Postby **Pavel Bure** » Wed Jan 27, 2021 10:19 am

Ok. Explain this all to me like I am 5 years old - which is exactly what I tell my financial advisor when we talk.

It seems like some internet folks decided to bankrupt a group of Wall Street doofuses by buying a random stock (GameStop) and it is actually working. Is this correct?
Pretty much.

They said it was public knowledge that GME was over shotted and some decided to squeeze and created this.

(This is just regurgitating stuff people have posted, I don’t actually know)

Postby **mac5155** » Wed Jan 27, 2021 10:19 am

My robinhood portfolio is inaccessible.

Postby **skullman80** » Wed Jan 27, 2021 10:21 am

My robinhood portfolio is inaccessible.

Mine was as well but now is back.

Postby **mac5155** » Wed Jan 27, 2021 10:22 am

Yep, we're back.

Postby **mac5155** » Wed Jan 27, 2021 10:32 am

Today has tracked like Monday and Tuesday. Open high, dip immediately, level out about an hour later, then... Rockets?

Anyway, everyone being locked out of their access won't help.

Postby **Fire0nIce228** » Wed Jan 27, 2021 10:32 am

AMC crashing...

i think that was the investors that want no business in this game locking in their profits while the pumpers fly in.. coming back up now

Postby **skullman80** » Wed Jan 27, 2021 10:34 am

My wife told me she was proud I was one of the degenerates in on this and is mad I didn't get in earlier. haha.

Postby **NTP66** » Wed Jan 27, 2021 10:36 am

Was able to buy more after calling VG. Every brokerage is pretty much **** right now, so volume is low. This just means that you should have your sell limit set ahead of time so you don't get **** when you want to get out.

Postby **iamjs** » Wed Jan 27, 2021 10:39 am

how long does Robinhood take to verify?

Signed up yesterday morning and still haven't seen anything in my account.

Postby **skullman80** » Wed Jan 27, 2021 10:39 am

Anyone notice the new header on the WSB sub reddit? hahah

Postby **MrKennethTKangaroo** » Wed Jan 27, 2021 10:43 am

Ok. Explain this all to me like I am 5 years old - which is exactly what I tell my financial advisor when we talk.

It seems like some internet folks decided to bankrupt a group of Wall Street doofuses by buying a random stock (GameStop) and it is actually working. Is this correct?

It actually will require one set of wall street doofuses willingly boning another set of doofuses over profits that the first set of doofuses don't deserve. Not to mention that the second set of doofuses probably doesn't have enough money to pay the first set at this point, anyway.

Postby **NTP66** » Wed Jan 27, 2021 10:43 am

VG being down netted me 4 extra shares since my original limit buy was $320, so I guess I'll take it.

Postby **skullman80** » Wed Jan 27, 2021 10:43 am

Also I do honestly wonder how all the people on reddit have this much income to keep throwing in....things that make you go hmmmm

Postby **mac5155** » Wed Jan 27, 2021 10:50 am

Also I do honestly wonder how all the people on reddit have this much income to keep throwing in....things that make you go hmmmm

There's a lot of money to be made (and lost) in the options world.

Postby **mac5155** » Wed Jan 27, 2021 10:51 am

Which speaking of that, wasn't that their original M.O. on that sub? Options bets?

Postby **MalkinIsMyHomeboy** » Wed Jan 27, 2021 10:53 am

increased my position on AMC (originally went in yesterday morning) and bought my first GME shares

ride or die

Postby **NTP66** » Wed Jan 27, 2021 10:55 am

Also I do honestly wonder how all the people on reddit have this much income to keep throwing in....things that make you go hmmmm

There are over 2m subs on wsb. Retail (us) is just helping, but make no mistake about it - whales from the outside have jumped in to get in on the action. I don't think there is a high ratio of YOLOers on this.

Postby **skullman80** » Wed Jan 27, 2021 10:57 am

Also I do honestly wonder how all the people on reddit have this much income to keep throwing in....things that make you go hmmmm
There are over 2m subs on wsb. Retail (us) is just helping, but make no mistake about it - whales from the outside have jumped in to get in on the action. I don't think there is a high ratio of YOLOers on this.