Talking stocks, trading, and investing in general

[Piobaire]

Here's a good read for us simple folk on the mechanism WSB used:

GameStop stock crashed, but Reddit still wants to send it to the moon. How, and what's next

Wall Street's big bets against GameStop went sour when Reddit traders bet on the company's success instead. Now, billions of dollars are on the line.

www.cnet.com

 

[javyn]

These dudes are berserk! I love it!

 

[jbarwick]

Popping to $170s after hours on 3M plus vol. Melvin will have nothing left tomorrow

 

[javyn]

Is it too late to buy into Gamestop

 

[Omega Male]

Do it for the loss Appreciation!

 

[javyn]

I just looked at the sub; these guys really are crazy. They are not only holding but adding to their positions.

Now it's getting segments on Fox News. I don't know if this is over yet lol

 

[brokencycle]

*insert 'free markets!!' quote here*

Isn't the circuit breaker a NYSE/Nasdaq feature? IE done by private actors seeing both exchanges are owned by corporations?

Is it too late to buy into Gamestop

No, I hear it is going to the moon. Put your whole paycheck in. Those billionaires using other people's money can't ride this out.

These dudes are berserk! I love it!

They're going to be so crushed.

 

[jbarwick]

The stock is up 40% 50% AH on 8.5M. There has to be a ton of **** going on. No way WSB has that kind of volume....Next thing you know Medallion Fund was responsible for half of this...

 

[brokencycle]

Again, I do want to see the data. My gut says someone is making a lot of money on this, but it isn't the wsb guys with their handful of shares.

Edit:

The stock is up 40% 50% AH on 8.5M. There has to be a ton of **** going on. No way WSB has that kind of volume....Next thing you know Medallion Fund was responsible for half of this...

Agreed. The volume the other day was a full year's trading volume. Reddit alone doesn't explain anywhere near that much.

 

[Omega Male]

When there's blood in the water, it attracts sharks. Suspect there are other hedgies happily picking Plotkin's pocket.

 

[javyn]

No, I hear it is going to the moon. Put your whole paycheck in. Those billionaires using other people's money can't ride this out.

Just one paycheck?

They're going to be so crushed.

 

[jbarwick]

GME was a small cap stock to start the year and is now considered large cap because it is worth $10B.

 

[brokencycle]

Just one paycheck?



Oh yeah somebody is.

I know you're not a regular here, so you don't know my standard advice that you should always triple leverage. So one paycheck should do nicely in a triple leverage scenario.

Just remember though, if the stock starts going down, you need to average down. Just keep buying that dip to bring your average cost basis down. That's the most important part.

 

[javyn]

Hell yeah $1k PPS here I come baby.

 

[brokencycle]

It is already up 50% in after hour trading. Over $200.