GME, AMC, EXPR, FOSL, NOK, and CVM

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Endee said:
Got in on AMC and NOK today and +40% on each since this morning.
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AMC is a piece of shxt. Good for short squeeze. It was around 10$ before covid. On the other side, nok is probably worth something. It signed some 5g contracts recently.
 
narcotics999 said:
AMC is a piece of shxt. Good for short squeeze. It was around 10$ before covid. On the other side, nok is probably worth something. It signed some 5g contracts recently.
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Oh, don't get me wrong, I don't think either company is one that I'd invest in long term. I'm just riding the wave for a little bit.
 
dchz said:
Paging @neurochica

It's a great buy for someone day trading and getting out before it crashes. otherwise it's a short term ponzi scheme. transfer of wealth from those with FOMO to those with luck.
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agree. Killed it this morning/after hours. Looking at my orders, I bought 1000 shares at $2.56 and 1000 more at @4.95. Sold at $22 afte hours. Wouldnt hold long term as an investment.

currently in Nakd for 10,000 shares at from .69 cents currently at 1.90.....debating whether to keep overnight or sale.

locked in profits at $1.80
 
everyone says this will end badly for some people. that was all over CNBC today. The business media keep treating the retail guys with kid gloves. they know exactly what they're doing. if it goes down prior to their sell, so be it. Some of the short positions will be forced to close on Friday. Expect the WSB retail gang to begin closing their positions. For another day or so, they can hold it hostage and I fully expect them to.

As Chamath said earlier today as one of the CNBC hosts was grilling him, why is it NOT okay for the retail guys to make a very savvy, smart play on GME (which had been laid out for months...) but it IS okay for hedge funds to, time and time again, beat a company like GME into the ground with their short positions? I for one am happy to see this occur, and happy to see it play out.

I'm also glad a few of us can cash in on the short.
 
neurochica said:
agree. Killed it this morning/after hours. Looking at my orders, I bought 1000 shares at $2.56 and 1000 more at @4.95. Sold at $22 afte hours. Wouldnt hold long term as an investment.

currently in Nakd for 10,000 shares at from .69 cents currently at 1.90.....debating whether to keep overnight or sale.

locked in profits at $1.80
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Shoot. Nakd at $2.90 sold at 1.80 from .69. Sold to early but my main responsibility as a day trader is to secure profit.
 
Southpaw said:
everyone says this will end badly for some people. that was all over CNBC today. The business media keep treating the retail guys with kid gloves. they know exactly what they're doing. if it goes down prior to their sell, so be it. Some of the short positions will be forced to close on Friday. Expect the WSB retail gang to begin closing their positions. For another day or so, they can hold it hostage and I fully expect them to.

As Chamath said earlier today as one of the CNBC hosts was grilling him, why is it NOT okay for the retail guys to make a very savvy, smart play on GME (which had been laid out for months...) but it IS okay for hedge funds to, time and time again, beat a company like GME into the ground with their short positions? I for one am happy to see this occur, and happy to see it play out.

I'm also glad a few of us can cash in on the short.
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The more I watch Chamath on CNBC, the more I like him. He was on last spring teaching capitalism 101, arguing against bailing out the billionaires and corporations who for years did nothing but artificially pump their stock prices and line their own pockets.

I really hope he runs for CA governor.

 
IMO it's incredibly interesting to see how these institutional investors and dusty money types behave when the system doesn't go the way they've engineered it. Terms like "crony capitalism" and others thrown around willy nilly on CNBC by these hedge fund managers should make people scared - one thing you can't do in this country is screw over the rich, and I am scared to see the lengths these people will go to cover themselves. This is a lesson on "free market" capitalism as the U.S. knows it, and I'm at least grateful the awareness this is raising not just among retail investors but average joes that are becoming galvanized by witnissing the inequities of the system.
 
Norepi said:
IMO it's incredibly interesting to see how these institutional investors and dusty money types behave when the system doesn't go the way they've engineered it. Terms like "crony capitalism" and others thrown around willy nilly on CNBC by these hedge fund managers should make people scared - one thing you can't do in this country is screw over the rich, and I am scared to see the lengths these people will go to cover themselves. This is a lesson on "free market" capitalism as the U.S. knows it, and I'm at least grateful the awareness this is raising not just among retail investors but average joes that are becoming galvanized by witnissing the inequities of the system.
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Exactly.

DBE28E3E-51A5-424A-99A1-3AB79A6CAA01.jpeg
 
anonperson said:
Why edit your post about $GNUS stock?
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it seemed like i was giving advise. I stand by comment Gnus $3.75 PT for me, but i think it goes higher. for this same reason, i opted against showing my watchlist for tomorrow.
 
I remember when circulosvitios wouldn't stop talking about how he is always doing hard manual labor and doing medical school sitting down in a indoors climate controlled environment would be a breeze. Then he didn't last a semester and went right back to manual labor. When all this day trading blows up in your face I will get to relive that feeling.
 
anaesthetic said:
It doesn't make legal sense either. This sort of short selling is technically illegal (shorting 140% of the stock?) but not actively enforced by the SEC. Wonder why the hedge funds are begging the SEC to step in now. Things always get very interesting when large amounts of money are involved.

The same group (Melvin Capital) that shorted GME to oblivion (artificially bringing down the share price to $4) in hopes of it going bankrupt (and affecting tens of thousands of working class people) are now on the verge of bankruptcy because they overextended themselves and doubled down when they thought they could shake "retail investors" by heavily manipulating the stock price via short attacks, reaching out to their media friends to demoralize and demonize retail investors and spread misinformation ("Melvin Capital has closed out their positions"), pumping other stocks to divert money away from GME (read: AMC, NOK, BB, etc.), and getting bailed out by Citadel (and subsequently losing that 2.75 billion bailout money in one day). They are hemorrhaging money right now and are panicking, pulling out all the stops by reaching out to their friends in government to investigate and ultimately try to suppress the people who aren't in their little club--you know, like they've been doing to poor people for centuries via systematic disenfranchisement. Big money is getting really desperate, and we are now seeing how deep the rabbit hole really goes.

I've been following GME for a long time and have been wondering when it would reach this forum. Full disclosure, I've now made some serious F.U. money from it. If you all remember, I was the one that made a couple of posts about the perils of daytrading and how abysmal the chances of making money are. I saw this opportunity, felt like it was worth the risk, and invested in it with the full realization that I could lose it all. I bought in very early and built the position over time.

For anyone thinking of investing in GME now, I would suggest doing a lot of reading: www.reddit.com/r/wallstreetbets/comments/kps5bb/gme_almostultimate_dd/

IMO, investing in GME now has a decent chance of paying off but as always, never invest money you're not prepared to lose. I don't think the short squeeze has even started yet, but the funds who shorted this stock to oblivion are now looking for another bailout from anybody who will give them one (NASDAQ president, Biden administration, CNBC, etc.). They actually may be successful because the money runs deeper than we all realize. We'll find out soon.
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I fully expect to loose my investment, but after learning more about this (at first it was funny - but now I’m mad), I’m holding on to my shares for dear life. I would hope everyone else would also. Stand for this! This is more important than any political thing we’ve ever talked about on this forum.

I will say that selling covered calls is an incredible way to hedge. Premiums are crazy! AMC premiums a week out were almost 50% of the underlying. NOK was about 30%.
I agree, short squeeze will continue as long as people hold.
CFE5A51E-E622-49D4-B70D-095B1291FB2E.jpeg
 
dhb said:
Not to be discounted are all the people buying a share or 2, not caring if they lose the investment, just to stick a big middle finger at all the leaches and parasites that have been playing by their rules for so long.
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Disclosure I have a small stake in $GME and building up decent fu fund.

My thoughts as a novice investor, so don't take this as investment advice ==

My predictions for this upcoming week. these investment bank hedge fund leaches are going to try to shock the market. GME is still massively shorted and the shorters will be massively hosed as they try to get out of their positions. It's amazing to see all the tricks they've tried to pull this week.. Monday playing massive volatility to get people to FOMO on the rapid rise and scared by the huge dip after, all the news outlet **** talk and commentary, trying to get SEC to investigate, trying to demonize wallstreetbets, getting multiple brokers to restrict trading of these stocks, lying about hedge funds meeting all their short position obligations, shutting down WSB server after hours to force panic and selling). They have tried to label this short squeeze ad a "pyramid scheme" but that's wildly inaccurate. A short squeeze is a buyout of your stock by the hedge funds no matter what price. (And that's why everyone is saying to HOLD and not sell until it gets higher). They are legally obligated, and the MM will force them to liquidate their other assets to pay for this. That is the end game and that is why they should be ****ting their pants.

So they are putting on a brave face. Fear is the only weapon they have left. But too many of the small investors don't give a damn and won't back down. It isn't just about thr money. This has become a movement. People want to see the hedge funds burn.. I suspect the broad market sell-off right now is relating to both 1. Manipulation of markets to try to force SEC action to investigate, andr 2. Selling off their assets to get out of their short positions. (In my mind this is a hedge fund fire sale so great opportunity to buy up some quality stocks that you will hold long). Expect more shenanigans to come as things become increasingly desperate.

They created the game and they have manipulated it for years to screw over everyone else. Naked shorts put the owner at the risk of theoretically infinite losses. Now we are going after the weakness in their strategy, something a basic finance major would know about naked shorting, and they are crying foul.

These wall street pros are getting pwned in their own game by the n00bs.
 
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epidural man said:
I fully expect to loose my investment, but after learning more about this (at first it was funny - but now I’m mad), I’m holding on to my shares for dear life. I would hope everyone else would also. Stand for this! This is more important than any political thing we’ve ever talked about on this forum.

I will say that selling covered calls is an incredible way to hedge. Premiums are crazy! AMC premiums a week out were almost 50% of the underlying. NOK was about 30%.
I agree, short squeeze will continue as long as people hold.
View attachment 328471
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I literally have watched it climb >$ 100 In a matter of minutes. Put a little money down probably too late but hey. Always late to the party.
I love and miss Blackberry so hope that comes back strong.
 
chocomorsel said:
I literally have watched it climb >$ 100 In a matter of minutes. Put a little money down probably too late but hey. Always late to the party.
I love and miss Blackberry so hope that comes back strong.
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Never too late to the party as long as there are still plenty of shorters waiting to part with their dollar bills
 
anaesthetic said:
A close friend ignored the initial GME jump because he thought it was too late. I told him about the stock back in November. After the initial jump, he caved and bought in... at $90 cost basis. If you think $340-400 is costly, wait until next week when you’re up 100-200% (no guarantees, obviously). The math works out unless outside forces put a stop to their hedge fund buddies’ losses—a very real possibility. As we speak, pre-market is up to about $440, touched $500 briefly. Be on the right side of history, so they say.

Obviously this is not financial advice and is for (extremely entertaining) entertainment purposes only.
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I am a total Novice. All I do is Vanguard. Decided to gamble today. Had I gambled a couple of days ago when I thought GME on the Beaumont thread was our educational overlords, I could have already doubled my money. Lol
 
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chocomorsel said:
I am a total Novice. All I do is Vanguard. Decided to gamble today. Had I gambled a couple of days ago when I thought GME on the Beaumont thread was our educational overloads, I could have already doubled my money. Lol
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Remember millions of shorted shares still exist.
 
anaesthetic said:
A close friend ignored the initial GME jump because he thought it was too late. I told him about the stock back in November. After the initial jump, he caved and bought in... at $90 cost basis. If you think $340-400 is costly, wait until next week when you’re up 100-200% (no guarantees, obviously). The math works out unless outside forces put a stop to their hedge fund buddies’ losses—a very real possibility. As we speak, pre-market is up to about $440, touched $500 briefly. Be on the right side of history, so they say.

Obviously this is not financial advice and is for (extremely entertaining) entertainment purposes only.
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I wonder what kind of legal liability SEC would face for unscrupulously blocking trading
 
chocomorsel said:
So I should buy more you mean? I am in.
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Only if u are willing to tolerate the risk. There is still risk.

Of
1. SEC stepping in
2. Missing the peak and finding out you are past the peak of the squeeze

Also many onljne brokers have blocked buying GME. Clearly this is an effort to prevent additional speculators from piling on and driving up prices even more
 
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I'm glad this thread was started so I can share my growth this week!

53 on GME @ $76.46 = $14,365.62 / 354.5%
200 on BB @ $19.77 = $ 1,066.19 / 26.97%
297 on NOK @ $4.90 = $489.38 / 33.61%
145 on AMC @ $16.11 = $549.61 / 23.53% (bought into it yesterday, should have pulled the trigger on Tuesday but was putting more into NOK and BB instead)

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

I think this week will be remembered for a long time and even though I didn't invest that much, I can say I was part of it. Here's hoping this will pay off my student loans, an engagement ring and helping with close family and friends debt!
 
dingdong28 said:
I'm glad this thread was started so I can share my growth this week!

53 on GME @ $76.46 = $14,365.62 / 354.5%
200 on BB @ $19.77 = $ 1,066.19 / 26.97%
297 on NOK @ $4.90 = $489.38 / 33.61%
145 on AMC @ $16.11 = $549.61 / 23.53% (bought into it yesterday, should have pulled the trigger on Tuesday but was putting more into NOK and BB instead)

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

I think this week will be remembered for a long time and even though I didn't invest that much, I can say I was part of it. Here's hoping this will pay off my student loans, an engagement ring and helping with close family and friends debt!
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Strong work

All good 👍👌

Just remember it isn't actualy money until it is sold so stay humble and watch thr markets
 
ChiDO said:
The blocking of GME on online brokers will result in lawsuits and fines. Unfortunately, the hedge fund is probably willing to pay the brokerage firms $20mil fine under the table versus losing another $2bil.
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I'm thinking major class action lawsuit. But you are right probably still less than the billions the hedge funds will loss.
 
coffeebythelake said:
Strong work

All good 👍👌

Just remember it isn't actualy money until it is sold so stay humble and watch thr markets
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Heck yes. Always stay humble my friend 👏👏👏

I have my phone on me at all times to monitor the price and have my account set to low and high price alerts so I can watch even more when that time comes. Thankfully I work on the computer so I can watch everything as it's happening live. My exit is $150, but I'm hoping and praying it'll get to at least $500 or more! This is what we're aiming for!!!!!
Southpaw said:
GME to 1k today
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dhb said:
Some might find it sad but this week has been the most entertaining one in recent memory.
Not saying i'd be happy to flush my 50k$ position down the drain but being on the right side of rear end penetration would sweeten the pill.
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That's a nice little nest you would have built with your 50k position especially if u got into this early. I feel sad that I sold my gme options way early because of fear
 
coffeebythelake said:
I think little Gabe will be selling this property soon to pay off his debts, and moving to a 1 bedroom apartment in an ok part of town
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Karma?
"During his time at SAC Capital, he was the recipient of illegal insider information according to federal prosecutors.[6] Reuters identified Plotkin as the so called "Portfolio Manager B" in the Securities and Exchange Commission's civil complaint against Michael Steinberg a fellow SAC PM who was arrested on charges he traded Dell's earnings based on insider information.[7] Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information.[7]" wikipedia
 
chocomorsel said:
And it’s dropping like a stone. People are cashing out! Damn I was late.
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i don't think so. they want to create panic. that's their game plan.
nolthing has fundamentally changed, especially with GME where shorters are still about 100% of stock
again just my opinion.
this is an attack.
 
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