Investing, Stock Market and Retirement Planning Thread

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Wed Jan 27, 2021 8:39 pm

My take is that GME was a concentrated effort and paid off/is paying off. Now everyone's searching for the next GME and the efforts are split amongst these stocks and they won't end up as successful. imo


I also own AMC and BB so YOLO
There are something like 20 million shorts expiring on Friday which is said to push GME to the moon if everyone holds.

Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Wed Jan 27, 2021 8:42 pm

My take is that GME was a concentrated effort and paid off/is paying off. Now everyone's searching for the next GME and the efforts are split amongst these stocks and they won't end up as successful. imo


I also own AMC and BB so YOLO
GME was just the ultimate low-hanging fruit, overripe and dripping with juice. It was/is, by far, the most shorted stock by % of float - 140%. I think the next closest is like 65%.

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Wed Jan 27, 2021 8:44 pm


Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Wed Jan 27, 2021 8:50 pm


Freddy Rumsen
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Investing, Stock Market and Retirement Planning Thread

Postby Freddy Rumsen » Wed Jan 27, 2021 8:51 pm

Yes


willeyeam
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Investing, Stock Market and Retirement Planning Thread

Postby willeyeam » Wed Jan 27, 2021 9:10 pm


Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Wed Jan 27, 2021 9:14 pm

Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days
Sounds like a hell of a good argument for a securities transfer tax.

:pop:

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Wed Jan 27, 2021 9:34 pm

Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days, and now its the shorts ruining things?
Explain this a bit. Most people that know the industry/fundamentals seem pretty upset. Why?
Ok, so there are 47 million shares of gamestop available to trade, and the total number of shares a day that have changed hands each day of the past week is 99 million.

By comparison, apple has about 16 billion shares available to trade, and only 174 million exchange hands day. Recently, gamestop shares have turned over twice a day while it takes 100 days for apple to turn over.

We all know the logic behind supply and demand. If there is more demand for shares, the price is going to go up. When there is less demand for shares, the price is going to go down. One of the reasons that kool is excited about some short having to close out a trade on 20 million shares means more demand for shares and therefore higher prices.

The problem i see is that 20 million shares isn’t going to sustain whatever this asinine stock price is. The only way it is going to stay this high or get higher is for redditors to convince more people to go to the moon or whatever

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Wed Jan 27, 2021 9:35 pm

Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days
Sounds like a hell of a good argument for a securities transfer tax.

:pop:
I applaud your ability to mix your socialist hobby while also profiteering off the madness of common folk.

count2infinity
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Investing, Stock Market and Retirement Planning Thread

Postby count2infinity » Wed Jan 27, 2021 9:35 pm

To the moon, boys...

MalkinIsMyHomeboy
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Investing, Stock Market and Retirement Planning Thread

Postby MalkinIsMyHomeboy » Wed Jan 27, 2021 9:43 pm

I had already asked for Friday off since our vacation days expire at the end of Jan (our fiscal year) but man, Friday is gonna be either a great day or a terrible day

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Wed Jan 27, 2021 9:51 pm

I knew I couldn't ever time my exit perfectly, but now it's feeling like the consensus is "Monday or Tuesday" while yesterday it was "Thursday or Friday".

So I'm not sure which side of this is "delaying the inevitable"

Dickie Dunn
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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Wed Jan 27, 2021 10:02 pm

Davey Day Trader needs to get on NAKD.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Wed Jan 27, 2021 10:05 pm

He's NOK Gang

MalkinIsMyHomeboy
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Investing, Stock Market and Retirement Planning Thread

Postby MalkinIsMyHomeboy » Wed Jan 27, 2021 10:18 pm

I don’t understand how NAKD got on this bandwagon

not that I’m complaining. I’m up a couple hundred. But nobody is shorting it

King Colby
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Investing, Stock Market and Retirement Planning Thread

Postby King Colby » Wed Jan 27, 2021 10:21 pm

Bots. Picked up steam. I looked at it at 85 **** cents and thought hell ill buy 100 shares but for some reason didnt.

Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Wed Jan 27, 2021 10:23 pm

The problem i see is that 20 million shares isn’t going to sustain whatever this asinine stock price is. The only way it is going to stay this high or get higher is for redditors to convince more people to go to the moon or whatever
Sort of like how people believe that fiat currency has value? Or bitcoin?

Of course GME isn't going to hold anywhere near these prices long term. I don't believe that anyone thinks it will. People need to cover themselves - either like I did by selling enough to cover, and/or by setting stop loss orders - or risk losing everything. Not sure how much you've looked, but a lot of posts on WSB make it VERY clear that you should only play what you can afford to lose.
I applaud your ability to mix your socialist hobby while also profiteering off the madness of common folk.
Human get sick. Ape get smart.

CBear3
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Investing, Stock Market and Retirement Planning Thread

Postby CBear3 » Wed Jan 27, 2021 10:35 pm

Too late, and too cheap to get on GME, NOK actually looks like it has some longer term viability of the meme stocks & higher floor if things go tits up so I landed there.
Last edited by CBear3 on Wed Jan 27, 2021 10:49 pm, edited 1 time in total.

Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Wed Jan 27, 2021 10:38 pm

I don’t understand how NAKD got on this bandwagon
When betting on meme stocks, is there a better symbol?

MalkinIsMyHomeboy
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Investing, Stock Market and Retirement Planning Thread

Postby MalkinIsMyHomeboy » Wed Jan 27, 2021 10:44 pm

I don’t understand how NAKD got on this bandwagon
When betting on meme stocks, is there a better symbol?
BBW

Dickie Dunn
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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Wed Jan 27, 2021 10:46 pm

I don’t understand how NAKD got on this bandwagon

not that I’m complaining. I’m up a couple hundred. But nobody is shorting it
Penny stock that needs to reverse split by May to stay on the Nasdaq. Interest in something so cheap is worth trying to time the entry and exit. With the world on fire #NAKD on Twitter is probably enough to significantly increase the share price for a couple days.

Dickie Dunn
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Investing, Stock Market and Retirement Planning Thread

Postby Dickie Dunn » Wed Jan 27, 2021 10:48 pm

Too late, and too cheap to get on GME, NOK actually looks like it has some longer term viability of the meme stocks & lower floor if things go tits up so I landed there.
I invested in it for the long-term but if the internet feels like doubling my value tomorrow I'll sell and get back in when people find a different hobby.

Lelldorin
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Investing, Stock Market and Retirement Planning Thread

Postby Lelldorin » Thu Jan 28, 2021 4:22 am

I have stayed away from GME, but I have bought some popcorn for tomorrow. I have a friend that bougt shares for $90 and he hopes to sell at $390 tomorrow...

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 6:02 am

Trending towards 500...

robbiestoupe
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Investing, Stock Market and Retirement Planning Thread

Postby robbiestoupe » Thu Jan 28, 2021 6:04 am

It’s funny that RH is now in on the scheme to slow this train down. Keep getting notices from them that “the market is volatile” and to beware. Just trying to scare people out of their holdings.

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