Investing General Discussion

The I'll never sell stuff cracks me up: "I LIKE IT"

Rajaah said:

I grabbed BTNB at about 12.20 as well. Feels good to catch something on the low end for a change.

Gamestop value is down to 55% of what I paid for it...lul, here's hoping for another rally before noon tomorrow. This will offset all the gains I made this week in other areas, but I suppose that's why temporarily-inflated stocks are a bad idea.

Click to expand...

Im the last one thatshould give advice but if you still hold GME id get out. Its cratering hard

Jackie Treehorn said:

Meme stocks dead in the German market. Over the past few days it seemed like they’ve always risen in German market and continued that trend at US premarket. This should signal the end for certain I would think.

$170 GME and $11.35 AMC

I wouldn’t be surprised if AMC due to its low price just hovers indefinitely around $8-13

Click to expand...

I wish I would have held onto my AMC shares when I was in at $3.01. Sold when incoming vaccine approval hit the news and it popped to over $5. Profit is profit, but still...

May start buying physical silver again.
Also, Billionaire wants to be taxed more. Anytime you see these people want to tax themselves more...don't ever believe it. "I made my money and I want to be taxed more

AKA guy wants wealth tax now that the poors are starting to figure the game:

Jackie Treehorn said:

The bullion place I ordered from isn’t even shipping for almost two weeks. Probably gonna send out for delivery the minute I go on vacation on the 10th. Silver futures down this evening, which goes to show how much sway financial institutions have over silver prices. Inconsequential to me as it’s a long term hold anyway.

Click to expand...

Quite interesting. Wonder how much is actually out there and if supply is so low, why is the price still down..

Reported for holding their own life ransom.

TJT said:

I feel this is fake but lol anyway.

Donate to Small investor lost life savings in $GME fiasco, organized by Justin Fisher

This post is for a small investor who lost his life savings in the Stock… Justin Fisher needs your support for Small investor lost life savings in $GME fiasco

www.gofundme.com

Click to expand...

The fact that people are actually giving to this person is just amazing.

Wingz said:

The fact that people are actually giving to this person is just amazing.

Click to expand...

My guess is most of it is from friends. Sort of like how "homeless" beggers put money they already have in their cup to make it seem like other people have donated so that other people see it and feel obligated.

That gofundme.post doesn't seem legit. He claims to have had all his positions closed out thr next morning, but he was trading options.

Brokerages dont close out options trades like they would with shorts and leave you with a massive loss.

I guess if he was a brand new trader and didn't understand options that maybe he bought an option on Thursday, that expired on Friday? If true, I feel bad for the folks that throw entire life savings away on something they don't understand.

I got burnt on some trades previously trying to follow a herd before I educated myself on why I was watching others win and me lose on every trade. My losses were only about $10k total though before I wised up.


Edit....

And GME is gonna cause catastrophic losses for a majority of traders. By the time it went mainstream, it was too late for many to catch the move up. Fundamentally, GME has zero chance in its fundamentals to survive, this was simply a way that people found a way to crush some shorts with some momentum and make a ton of cash. There are some people that have made millions off of this massive squeeze up, but I'm afraid there are gonna many more that lose on this trade due to jumping in way too late and not understanding the game.