Official Stock Market Investing Thread

[The Feral Slasher]

Again, if you're not watching, this is the greatest show on earth. Even CNBC is on it almost nonstop.

I FINALLY entered the fray today, buying 3 GME Feb 115 calls at NOON TODAY when the stock was at 88. It's 3 1/2 hours later, those calls are up 120%!!

The stock is at 148!!




My SKT calls are up 200% today and 390% IN ONE WEEK.

What was that book you recommended ?

[Bene Futuis]

What was that book you recommended ?

For you, this one: https://www.amazon.com/gp/product/09...SIN=0962653144

[The Feral Slasher]

For you, this one: https://www.amazon.com/gp/product/09...SIN=0962653144

um, you have no idea what a field of land mines you just stepped in. I'll give you a bit of time to exit gracefully, in spite of your mischaracterizations. you are one step forward away from stepping on a really big one.

#BOOM






Anyway, maybe you could just loan me your copy ?

[revo]

The power of Reddit to influence the market. Kinda scary. /r/WallStreetBets is a garbage subreddit.

They definitely influenced it, absolutely.

And, in fact, you may even say they have created a monster that has taken advantage of an incredible loophole, which is using the power of their numbers to Short Squeeze. It's not just GME, it's SKT, TR, BBBY, BB, REV, virtually any company on the list of top shorted stocks.

Sometimes you have to ride the wave, as long as you know when to jump off.



BTW, Elon Musk tweeted about GME. After closing at 148, the stock shot up to 234 after hours!!!!!

[chancellor]

LOL...just saw this on the whole Game Stop issue - https://threads-web.vercel.app/threa...51035224694785

[umjewman]

Friend of mine is one of these finance guys, appears on CNBC a bunch. His twitter is pretty funny - he's like "keeping my eye on Blockbuster, Radio Shack and Circuit City for investment opportunities."

[Sour Masher]

Friend of mine is one of these finance guys, appears on CNBC a bunch. His twitter is pretty funny - he's like "keeping my eye on Blockbuster, Radio Shack and Circuit City for investment opportunities."

If Musk tweeted he thought they were cool and retro, they would immediately be brought back and skyrocket. The current market seems crazy to me. I am tempted to convert my measly 401k to stores of wheat in anticipation of the coming bubble bursting.

[revo]

My strategy of buying calls of the Top Shorted Stocks has paid off in spades as they find themselves at the mercy of the WallStreetBettors. Keep in mind I bought most of these last week. I bought GME & BB yesterday:

AMC: +435%
GME: +870%
REV: +169%
NOK: +174%
SKT: +765%
TR: +249%
SPCE: +95%
RKT: +28%
BB: +45%
FUBO: +48%
M: +107%
FCEL: +204%
PLAY: +37%

[chancellor]

My strategy of buying calls of the Top Shorted Stocks has paid off in spades as they find themselves at the mercy of the WallStreetBettors.

You've been there and know the market really well - how long before the Street launches a counter-attack against these guys?

[heyelander]

I see FCEL there. Are my out of nowhere improvements in PLUG part of this as well?

[umjewman]

You've been there and know the market really well - how long before the Street launches a counter-attack against these guys?

My guess is as soon as I liquidate assets to be a sucker and get caught up in this frenzy. I'll keep you updated on my willpower.

[joncarlos]

Am I really missing out by not jumping in on this craziness before the ride ends? I feel like I should get in on this.

[revo]

You've been there and know the market really well - how long before the Street launches a counter-attack against these guys?

Well, TDA already restricted trades in GME and AMC among others today.

I would also expect the SEC to start looking into restrictions. But that could take awhile.

Sold one of my GME calls for a nifty 900% one day profit. Still holding two.

Am I really missing out by not jumping in on this craziness before the ride ends? I feel like I should get in on this.

If you are not watching a trading screen all day long......no way. These stocks could turn on a dime and head south quickly.

[ThatRogue]

At what point do the Puts become the attractive play? That’s what I want to know. Not to take the side of the shorts, but realistically, will the Reddit army hold the line & can this war last more than 90 days?

[chancellor]

Well, TDA already restricted trades in GME and AMC among others today.

Discord banned the WSB channel and the WSB subreddit is now private. Methinks the Empire is striking back.

Edit to add: And according to Chris Cillizza, you're a Trump supporter for cashing in on this Trumpist behavior or something.