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Stock-Age: Stocks, Options and Dividends oh my!

BigBooper

BigBooper

Member
Also, if you read most of the comments on Reddit and GME groups, most of the people there have just a few shares or partial shares. It's easy to cheer on everyone to ride to the moon when you are only risking a couple hundred bucks. Hey, I hope it works out for them though. It made me some good money, but I got in when it was in around $27.
 
Smiles and Cries

Smiles and Cries

Member
Yeah it is the meme status, risk a few hundred bucks and entertain yourself on the dream. This attracks the same kind of people who play Powerball when it hits a billion. They hype themselves up. they are even having meet ups now.

Not saying it is not fun, but for those risking more than a few hundred, there are wiser ways to invest your money.

really fun to watch, and if you are in it and winning some good gains it is hard to not be hyped and hope for a win.
 
zeorhymer

zeorhymer

Member
I bought quite a number of GME back before the Microsoft partnership. I was only expecting it to give me like double of my investment. I never dreamed that it would turn into a meme stock and sold that baby off near the height. I was thinking of doing the same with AMC, but with Disney and ATT doing the streaming bull, I decided against it.
 
StreetsofBeige

StreetsofBeige

Gold Member
I have no skin in meme stocks since Jan/Feb and made some money. But if you guys (and my bro with AMC) make good cash on the ride, I'm all for it. I thought this shit would slowly fizzle out.

Good luck. You guys got tougher stomachs than I do.

Pay Me Kim Kardashian GIF by GQ
 
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Smiles and Cries

Smiles and Cries

Member
GHG said:
The markets are telling me I should sell everything and buy AMC.
Click to expand...
I did that last week after someone here made me see that buying Tesla was kinda silly of me. So I sold the little I had in it and got AMC

Tesla, Nio, PLTR and others will have to wait until I have serious money to work with.

I am not working with large sums of money here so it was worth it. I would not do it if you are working with large sums.

I wish I could play big on AMC tho, I see dudes dropping $80k on it and thinking damn that must be some nice cash when I look at my own gains so far
 
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GHG

GHG

Member
Smiles and Cries said:
I did that last week after someone here made me see that buying Tesla was kinda silly of me. So I sold the little I had in it and got AMC

Tesla, Nio, PLTR and others will have to wait until I have serious money to work with.

I am not working with large sums of money here so it was worth it. I would not do it if you are working with large sums.

I wish I could play big on AMC tho, I see dudes dropping $80k on it and thinking damn that must be some nice cash when I look at my own gains so far
Click to expand...

To be honest the risk with something like AMC is even less the larger your account. I can just put in a little bit set a reasonable stop loss and then see what happens. To be frank, people YOLO'ing in 80k at this stage are asking for their accounts to get blown up.

Good luck man, I hope you get what you need out of it. Do not forget you don't make any money until you sell, decide a reasonable point for yourself, take the profits and don't look back.
 
Smiles and Cries

Smiles and Cries

Member
GHG said:
To be honest the risk with something like AMC is even less the larger your account. I can just put in a little bit set a reasonable stop loss and then see what happens. To be frank, people YOLO'ing in 80k at this stage are asking for their accounts to get blown up.

Good luck man, I hope you get what you need out of it. Do not forget you don't make any money until you sell, decide a reasonable point for yourself, take the profits and don't look back.
Click to expand...
I'll try to be reasonable. This is still a learning experience for me. I am learning more now that I am following fewer stocks than trying what I was doing a few weeks ago. I am not betting the farm because I don't have one to bet in the first place so no afraid of Holding.

I am not really as optimistic about winning this, at least not to the hyped end game. It seems like the other side tries very hard to sink the stock with more and more borrows. Tomorrow could be rough.

Good luck to you all.
 
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ricardo_sousa11

ricardo_sousa11

Member
godhandiscen said:
Damn. What prompted you to do that?
Click to expand...
I started investing in AMC before the first squeeze, first it was just hype, but after the first squeeze I started looking at the numbers in depth and doing my own DD.

As soon as I started watching borrow fee go through the roof, utility rate at 100%, I was certain the squeeze hadnt happen, so I started selling all my other positions and got in heavily in AMC at 7$ and 9$ (theres a few posts I made about this if you look up this thread).

After months of DD and investigation, I'm certain there is no exit for them, and I truly think it will skyrocket for the last time in history, I dont think naked shares/dark pool will continue after this, this will certainly change the market for the better.

The only question right now is, how fuk'd are they.

IF I had kept my portfolio, which was respectable and isnt in terrible state at the moment, I would still be losing 50% of what im in profit right now...and those stocks I had ivnested in are pretty safe bets that most of us have.

I've always been a high risk investor, and regarding AMC I honestly think the upside is much much greater than the downside.
 
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ricardo_sousa11

ricardo_sousa11

Member
12Goblins said:
@ ricardo how much money are we talking about here? ball park
Click to expand...

My initial inv. was about 5k (real money was only about 2.5k, the 5k was already profit from earlier trades), Im not american so this might not seem a lot, but here in Europe its a considerable amount, as for me it was all I had to invest without hurting my life.

But Im now in profit about 1yr salary (min wage), and this hasnt even started.
 
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Smiles and Cries

Smiles and Cries

Member
Ass of Can Whooping said:
Sold all my shares in NVIDA and FB for over £6000 profit. Had a great run with these two but the prices are just insane

I've been building towards a value investing strategy now, but wow is it difficult in this market. Been buying a shit ton of Intel these
Click to expand...
NVIDA stock split is very tempting to me but I am not in a position to own any.
 
GHG

GHG

Member
Smiles and Cries said:
NVIDA stock split is very tempting to me but I am not in a position to own any.
Click to expand...

Wait until it settles after the split and earnings.

It's in the middle (or towards the end of, earnings is tomorrow) of a ridiculous run at the moment. It will 100% settle the fuck down after earnings and the split. I'm eyeing a market cap of around 250-275B to make an entry. If that never comes around then oh well, I frequently trade SOXL anyway so will continue to gain when Nvidia goes on these parabolic runs.

I'm already stuck in AMD in an oversized position (@83 a share) because I bought in too high and had to average down. I wont buy another stock in the same sector until I've brought that down to under 3% of my overall portfolio.

Across the sector only QCOM, INTC and SWKS look like semi-reasonable buys at the moment and even they are still a tad on the high side.

It's tough out there at the moment looking for good opportunities to buy so I will to sit on my hands as far as longer term opportunities go and will continue to do trades when the opportunity arises. If the Nasdaq has a bounce tomorrow then LABU should do well, biotech has cooled off in the last couple of days and is now due a day to run.
 
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zeorhymer

zeorhymer

Member
Smiles and Cries said:
I wish I could play big on AMC tho, I see dudes dropping $80k on it and thinking damn that must be some nice cash when I look at my own gains so far
Click to expand...
Don't ever compare your gains with other people. That's what gets you into a lot of trouble. If the stocks are a game for you like a casino game, then treat it as one. Be ready to throw away money. If you're going to think of it as a retirement, then act as if you're going to retire next year and be smart with the information out there. Since this is a learning experience for you, don't throw down too many chips.

I've been around for a long while and I went through the 2000s and 2010 depression and saw the cycle. GME was a bonus for me, but now I'm going to owe a ton of taxes if I don't figure something out.
 
Smiles and Cries

Smiles and Cries

Member
zeorhymer said:
Don't ever compare your gains with other people. That's what gets you into a lot of trouble. If the stocks are a game for you like a casino game, then treat it as one. Be ready to throw away money. If you're going to think of it as a retirement, then act as if you're going to retire next year and be smart with the information out there. Since this is a learning experience for you, don't throw down too many chips.

I've been around for a long while and I went through the 2000s and 2010 depression and saw the cycle. GME was a bonus for me, but now I'm going to owe a ton of taxes if I don't figure something out.
Click to expand...
Yeah I agree with you. This is a learning run for me and I am glad I don't have the funds to throw at impluse reactions. Oh and I think of the taxes first before I make a move, I am scared of that shit.

I like this moment because it makes me more interested and motivated to learning something I would normally give up on out of boredom so it is a win to be interested enough to learn a few things before I get serious in a year or so.


After market for AMC looking good. Hearing that word FOMO a lot in the last hour. Hope these guys have it right.

edit: here is another dude I follow


most of the guys I follow for info make money off Options. I am too new to mess with that, got to take it slow and learn, but yeah right now they are winning.
 
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T

Taxexemption

Member
Smiles and Cries said:
Yeah I agree with you. This is a learning run for me and I am glad I don't have the funds to throw at impluse reactions. Oh and I think of the taxes first before I make a move, I am scared of that shit.

I like this moment because it makes me more interested and motivated to learning something I would normally give up on out of boredom so it is a win to be interested enough to learn a few things before I get serious in a year or so.


After market for AMC looking good. Hearing that word FOMO a lot in the last hour. Hope these guys have it right.

edit: here is another dude I follow


most of the guys I follow for info make money off Options. I am too new to mess with that, got to take it slow and learn, but yeah right now they are winning.
Click to expand...


If you care about taxes don't buy anything unless you are going to hold it for a year so you can get that long term capital gains rate. If your income is high enough that you have to make estimated payments outside of your withholdings by your employer, then yeah be concerned about taxes.


I've made money on options but I can't really recommend it. When I buy an ETF I believe in I feel really good about the fact that if it goes down I believe it's only a matter of time before a future bull run where it will be in the green. With options if your timing is off or if there were facts you weren't aware of you could end up with nothing.
 
GHG

GHG

Member
Taxexemption said:
I've made money on options but I can't really recommend it. When I buy an ETF I believe in I feel really good about the fact that if it goes down I believe it's only a matter of time before a future bull run where it will be in the green. With options if your timing is off or if there were facts you weren't aware of you could end up with nothing.
Click to expand...

I'd only ever recommend buying LEAP options and to be honest this might be one of the worst times to buy LEAP calls considering the current valuations.

I really want to get some 2023 LEAPs for Microsoft and Spotify but I won't be doing so until there is a significant pullback across the whole market.
 
H

HawksWinStanley

Member
After reading some of the posts here the past couple days I, out of morbid curiosity, was looking around at some of the DD for GME and the fabled massive short squeeze everyone is expecting and...I’m kind of convinced. If the phantom shares being swapped between hedge funds is actually happening then I don’t see how this thing won’t blow up at some point. It just seems like a matter of time and retail actually holding their shares, which seems like it’s highly possible considering how big this meme has become and all of the buying when it sunk months ago to get back to this level.

Somebody talk me out of it because I think I might buy like one share to go for the ride.
 
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DrunkandDrunker

DrunkandDrunker

Member
HawksWinStanley said:
After reading some of the posts here the past couple days I, out of morbid curiosity, was looking around at some of the DD for GME and the fabled massive short squeeze everyone is expecting and...I’m kind of convinced. If the phantom shares being swapped between hedge funds is actually happening then I don’t see how this thing won’t blow up at some point. It just seems like a matter of time and retail actually holding their shares, which seems like it’s highly possible considering how big this meme has become and all of the buying when it sunk months ago to get back to this level.

Somebody talk me out of it because I think I might buy like one share to go for the ride.
Click to expand...
If you're willing to stick with one share for fun, why not.
Just don't start chasing gains, get caught bag holding, then having to average down in hope of breaking even, sweating it out till the stock suddenly rises so you can pretend you have huge balls only to be let down aftermarket.....
Not based on experience at all...
 
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Raven117

Raven117

Member
HawksWinStanley said:
After reading some of the posts here the past couple days I, out of morbid curiosity, was looking around at some of the DD for GME and the fabled massive short squeeze everyone is expecting and...I’m kind of convinced. If the phantom shares being swapped between hedge funds is actually happening then I don’t see how this thing won’t blow up at some point. It just seems like a matter of time and retail actually holding their shares, which seems like it’s highly possible considering how big this meme has become and all of the buying when it sunk months ago to get back to this level.

Somebody talk me out of it because I think I might buy like one share to go for the ride.
Click to expand...
If you want to be entertained and “waste” a few bucks, then it’s fine.

can’t say yoloing your retirement and life savings is a good idea.

In other words, don’t put in any money you can’t afford to loose.

not financial advice.
 
ricardo_sousa11

ricardo_sousa11

Member
StreetsofBeige said:
For you guys who follow meme stocks, any other cheap ones that might follow again that havent popped like GME or AMC?
Click to expand...

We didnt pick AMC and GME, they really are the only ones with the incredible potential of going to the thousands, none of the others have that potential.

I wouldnt even go as far as saying AMC is currently in a better position than GME, both have been shorted to death (literally), but AMC has been a target for longer, so I believe there are much more naked shares on AMC.

This isnt an organized pump and dump, this is finding which stocks are fundamentally so shorted that they will be forced to by back the company X times fold.

Even the subredit WSB isnt what it used to be, most of us dont even go there anymore, its full of bots and shills.
 
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DrunkandDrunker

DrunkandDrunker

Member
GameStop has quietly unveiled a new web portal for a non-fungible token (NFT) platform.....The exact scope of the project is unclear, though prominently featured on the page is a link to an Ethereum address, indicating that GameStop's team will use Ethereum as a technology base.

The smart contract code declares "Game On Anon" and links to GameStop's NFT page and indicates that potential GameStop-released NFTs will utilize Ethereum's ERC721 standard. The code also points to a dedicated token, GME.

As for the intended audience for whatever NFT offering emerges from GameStop's team, an animated image on the page states: "Power to the players. Power to the creators. Power to the collectors."
Click to expand...
link

Nothing from the official GameStop twitter. Not sure what to make of it. "Game On Anon" seems too trollish.
 
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