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

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any books you guys recommend to learn what half this stuff means?

Ive read Bogleheads twice, put money in Vanguard ETFs. Then got into crypto, read about 5 books, learned that game pretty well through experience. Now would like to learn some about the market.
 
zushrgs2dme61.jpg
 
blockstar said:
like to understand this:

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But why? To what end? To gamble? To speculate? To waste countless hours TRYING (and usually failing) to beat market returns significantly enough to justify the amount of time you put into following companies and their stocks' minute to minute changes, the many trading fees, the taxes? To add unneeded stress to your life?

Saving 20-30% of your income and saving it á la bogleheads (index funds, well diversified, low fees, set it and forget it) is all you need to ensure your financial future.

But I guess if that's what you "like" to do as a hobby, have a blast. Don't gamble more than you can afford to lose.
 
epidural man said:
Would have been nice to see this 4 months ago - and BELIEVED it.
Talk now is on silver...the most shorted future. Except apparently it is a much bigger short position than GME. This could pose a problem for the market.
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nobody on WSB is talking about buying silver.
in fact, sounds like there are unscrupulous people out there trying to ride on WSB name and may in fact be hedge funds trying to cash in on silver
 
abolt18 said:
But why? To what end? To gamble? To speculate? To waste countless hours TRYING (and usually failing) to beat market returns significantly enough to justify the amount of time you put into following companies and their stocks' minute to minute changes, the many trading fees, the taxes? To add unneeded stress to your life?

Saving 20-30% of your income and saving it á la bogleheads (index funds, well diversified, low fees, set it and forget it) is all you need to ensure your financial future.

But I guess if that's what you "like" to do as a hobby, have a blast. Don't gamble more than you can afford to lose.
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yeah it depends on how early u got into this
 
abolt18 said:
But why? To what end? To gamble? To speculate? To waste countless hours TRYING (and usually failing) to beat market returns significantly enough to justify the amount of time you put into following companies and their stocks' minute to minute changes, the many trading fees, the taxes? To add unneeded stress to your life?

Saving 20-30% of your income and saving it á la bogleheads (index funds, well diversified, low fees, set it and forget it) is all you need to ensure your financial future.

But I guess if that's what you "like" to do as a hobby, have a blast. Don't gamble more than you can afford to lose.
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OUCH!!!!

Thanks for the reality check Dad.

What if ETFs turn into CDOs for some unforeseen reason?
 
coffeebythelake said:
nobody on WSB is talking about buying silver.
in fact, sounds like there are unscrupulous people out there trying to ride on WSB name and may in fact be hedge funds trying to cash in on silver
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https://www.reddit.com/r/wallstreet...urce=share&utm_medium=ios_app&utm_name=iossmf

I am enjoying my[emoji897].
 
SI is less than 50% per S3. I've sold my shares. It's a loss but it's the trigger for me to sell.
 
dchz said:
SI is less than 50% per S3. I've sold my shares. It's a loss but it's the trigger for me to sell.
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Do u really believe 35 million plus shorted shares got closed out in thr last few days with such extremely low volumes? The news outlets has been inundated with fake info from the market manipulators.
 
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coffeebythelake said:
Do u really believe 35 million plus shorted shares got closed out in thr last few days with such extremely low volumes? The news outlets has been inundated with fake info from the market manipulators.
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I actually do, mainly because i am behaving as if S3 data is truthful. I don't believe anything on MSNBC or target ads. But as someone who is barely literate in the market forces and barely have any beat on the info. When S3 tells me the short interests covered. I believe them.

I know what I don't know, and I am disciplined.
 
anaesthetic said:
Unfortunately, I had to sell most of my holdings today as well given the short interest data from Ortex, S3, and other places which were somewhat correlated. I had dreamed that GME would hit 1000-1500 (my retirement target), but I knew that the multiple hits from last week from Robinhood/clearing houses, the CNBC/media news cycle, and questionable short interest data would crush any hopes of it gaining that type of momentum ever again.

I do think the suits were very good at spreading fear/uncertainty throughout the weekend, and they very clearly have deep pockets. I hope everyone makes it out with some profit.
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Maybe just my opinion, but seems they don't need to do all the manipulations today if they are able to effectively get out of the squeeze. Plenty of low volume maneuvers, disinformation in the news, and all. Why bother spreading FUD if thry are in the clear? Im holding on. Shall see.
 
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coffeebythelake said:
Do u really believe 35 million plus shorted shares got closed out in thr last few days with such extremely low volumes? The news outlets has been inundated with fake info from the market manipulators.
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Well, it’s a new month and I just bought more! Lol. I am holding!!
 
anaesthetic said:
The problem is that a short squeeze needs a huge catalyst and short pressure to trigger, both of which are gone now IMO. The gamma squeeze and the short interest propelled GME forward, along with national/international interest, but there needed to be another catalyst to keep the momentum going. With the short interest going way down (no idea how they did that) and no catalysts in sight except earnings in March, it's going to be a while before anything happens, and most of the people who jumped on board will be paper handed by nature (some didn't even know the difference between pre-market/aftermarket orders or market/limit orders).

There's still a small chance of it mooning again, but when I looked at everything objectively, the only plan that made sense to me was an exit plan. I still have a significant amount of active shares in case it rockets up again, but I'm happy with my profits (+2800% total account value, peak +5800%). Came away with net 7-figures from this trade.
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Do you day trade for fun?
 
anaesthetic said:
The problem is that a short squeeze needs a huge catalyst and short pressure to trigger, both of which are gone now IMO. The gamma squeeze and the short interest propelled GME forward, along with national/international interest, but there needed to be another catalyst to keep the momentum going. With the short interest going way down (no idea how they did that) and no catalysts in sight except earnings in March, it's going to be a while before anything happens, and most of the people who jumped on board will be paper handed by nature (some didn't even know the difference between pre-market/aftermarket orders or market/limit orders).

There's still a small chance of it mooning again, but when I looked at everything objectively, the only plan that made sense to me was an exit plan. I still have a significant amount of active shares in case it rockets up again, but I'm happy with my profits (+2800% total account value, peak +5800%). Came away with net 7-figures from this trade.
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Initial investment was 5 figures?
 
anaesthetic said:
Nope, not at all. I saw the original post about GME back in August 2020, read everything I could about it over the course of a couple of months, and went in heavy as soon as Cohen dug deeper into the company. Didn’t expect this much traction but very happy with the outcome.
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So how soon are you retiring now?
 
anaesthetic said:
Probably took off 5 years of my working life. I’m doing a few more (less) aggressive investments, looking to knock a few more years off if I can. If GME would have hit 1250-1500, I would have been working for free for the rest of my life. The dream was good while it lasted!
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Beastmode
 
anaesthetic said:
Yep. It would have stung a bit had I lost it all, but it wasn’t a threat to my livelihood. Taking some out for taxes/entertainment and will be reinvesting the rest. Once in a lifetime ride, was fun while it lasted!
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damn... i didn’t have the balls. Too much speculation for me. Awesome for you tho. 👊🏽
 
Damn, last week was wild. Risked 1.5% of my portfolio to increase overall portfolio by 30%. Biggest earnings came from AMC shares & AMC/Nokia call options. Lost a little on GME. There was definitely tons of risk & luck involved, but I was following the WSB reddit & discord channel (before it was shut down) closely to follow the momentum. Not sure I'll see something like that again in my life.
 
GME after hours hovering in the 90s.

Five days ago was 350. What a ride.

Reddit WSB still with a lot of posts on people buying and wanting to hold GME.

Can't say I agree with that.

Maybe it's me, but the general feeling I get from Wallstreetbets is that there are some unscrupulous people there pumping up stocks trying to create a frenzy and then jumping ship.

On an unrelated forum, one person claims they had been hired at times to make fake account screenshots for account totals for WSB.

The fear of missing out is real though. I am typically 100% in low cost Vanguard funds but I was feeling the itch last week. I threw $400 on a penny stock which has promptly lost a fair amount of value, so now I have that out of my system.

I think my quality of life is better with a simpler broad index funds approach. I don't think I can handle constantly checking the next big thing knowing the deck is stacked against the typical retail investor.
 
anonperson said:
GME after hours hovering in the 90s.

Five days ago was 350. What a ride.

Reddit WSB still with a lot of posts on people buying and wanting to hold GME.

Can't say I agree with that.

Maybe it's me, but the general feeling I get from Wallstreetbets is that there are some unscrupulous people there pumping up stocks trying to create a frenzy and then jumping ship.

On an unrelated forum, one person claims they had been hired at times to make fake account screenshots for account totals for WSB.

The fear of missing out is real though. I am typically 100% in low cost Vanguard funds but I was feeling the itch last week. I threw $400 on a penny stock which has promptly lost a fair amount of value, so now I have that out of my system.

I think my quality of life is better with a simpler broad index funds approach. I don't think I can handle constantly checking the next big thing knowing the deck is stacked against the typical retail investor.
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Something smells with $GME, the disinformation campaign makes me feel there is something nefarious continuing to go on.
Why all the misleading and misdirection? Why all the spam bots on WSB? The math doesn't add up regarding the apparent number of short stocks that remain, given the low volumes over the past few days. What should one make of it? I did sell some of my position, although I continue to hold a fair amount (much easier to swallow if it drops more) in case of rocket ship. $GME could well keep dropping, or maybe it skyrockets? There are a large number of people who are holding their positions with a sizeable number of shares. I think the story isn't quite over yet.
 
The fact that they made their own new subreddit, wallstreetbetselite, trying to make amc go up by botting, the media attention on silver to boost the price, the fake news stories of hedge funds closing in their positions. I knew that the media propaganda was strong but it is amazing how far they go to lie to the people. It is all about the dollar dollar bill and the people at the top will do anything to get their hands on more. There's no way traders are out there losing billions and not jumping out of windows. **** cnbc, **** the hedge funds, **** wall street in general for the inequality they propagate.
 
anonperson said:
He's had some insane swings but I was under the impression he has made several million already.

I do feel bad that every maniac out there knows he's a millionaire. That can't be a pleasant feeling .
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yes i believe he has about $13 million in cash so he will come out ahead no matter what happens
that's the benefit of getting in early..
 
Today I lost my @ss trading. I had a red day. I have lost before, but never because I deviated from my plan. Today, I chased, was not fast to pull out, and in general was not discipline. It humbled me- will learn from it. Tomorrow I will more focus and we'll see how it goes.
 
neurochica said:
Today I lost my @ss trading. I had a red day. I have lost before, but never because I deviated from my plan. Today, I chased, was not fast to pull out, and in general was not discipline. It humbled me- will learn from it. Tomorrow I will more focus and we'll see how it goes.
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game is not over yet..
 
coffeebythelake said:
nobody on WSB is talking about buying silver.
in fact, sounds like there are unscrupulous people out there trying to ride on WSB name and may in fact be hedge funds trying to cash in on silver
Click to expand...
My theory now is that a guy built a bot to analyze the top tickets of WSB by mentions in top 100 threads (actually is out there) and silver popped up.
Lack of knowledge of Reddit silver prompted rumors to fly.
 
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