Stock Market: The Thread

[happybat4]

AMC is next. I tried to buy several stocks this morning but something went wrong with Fidelity. It was at 5 this morning. I bought one stock at 16.

[Make Angels Great Again]

On 1/22/2021 at 4:55 PM, Make Angels Great Again said:

A dude on reddit paid 50k for options on gamestop that are now valued at 11 million.

And he's still holding...

Make that fifty million.

Holy mother of God...

[AngelsLakersFan]

12 minutes ago, happybat4 said:

AMC is next. I tried to buy several stocks this morning but something went wrong with Fidelity. It was at 5 this morning. I bought one stock at 16.

Lol I tried to get in several days back at $3.50 but it was blocked because the price had jumped too high. Once it started to take off I didn't want any part of it, but damn I probably still could've got in under $5.

[gotbeer]

This is just nuts how a few stocks are doing this.  

[gotbeer]

I'm wondering now if we are seeing the beginning of the newest financial crisis?  Good thing is, it's going to be a bunch of hedge funds that lose everything so hopefully no bailout.  But it sure does seem like someone figured out how to really screw with, while getting rich, these option traders.

[Tank]

Can someone summarize in laymen’s terms what happened today?

[Blarg]

Contra was unbeatable today. 

[Catwhoshatinthehat]

37 minutes ago, Tank said:

Can someone summarize in laymen’s terms what happened today?

Some funds on Wall Street had been betting against game stop by shorting the stock. Users of a Reddit sub forum didn’t like that and started investing in it helping drive the stock up as high as 1,200% in the last few weeks. Also helped when Elon Musk tweeted his support for game stop and other social media brought more investors in. The funds shorting it got crushed with one of them needing almost 3B to stay open. The small guys turned the table on large investors and screwed them for a change. 

[gotbeer]

And it looks like it's happening with AMC also.  

[gotbeer]

25 minutes ago, Catwhoshatinthehat said:

Some funds on Wall Street had been betting against game stop by shorting the stock. Users of a Reddit sub forum didn’t like that and started investing in it helping drive the stock up as high as 1,200% in the last few weeks. Also helped when Elon Musk tweeted his support for game stop and other social media brought more investors in. The funds shorting it got crushed with one of them needing almost 3B to stay open. The small guys turned the table on large investors and screwed them for a change. 

And to add to that.  From what I heard.  They were shorting the stock in such a high number that if all the shorts were executed, it would have been 125% of the total available stock.  

[Catwhoshatinthehat]

21 minutes ago, gotbeer said:

And to add to that.  From what I heard.  They were shorting the stock in such a high number that if all the shorts were executed, it would have been 125% of the total available stock.  

I wouldn’t doubt it. The funds that get crushed and make the news for the wrong reasons tend to be over levered. The ones that end up as case studies are levered to the point they can’t cover the positions. 

[Taylor]

I think I know who's really behind this massive FU to Wall Street.

 

[Lhalo]

1 hour ago, Catwhoshatinthehat said:

The funds shorting it got crushed with one of them needing almost 3B to stay open.

Talk about calling in a favor.

[Blarg]

2 hours ago, gotbeer said:

And it looks like it's happening with AMC also.  

Good, the Pacer and Gremlin deserve respect.

[Redondo]

5 hours ago, Catwhoshatinthehat said:

Some funds on Wall Street had been betting against game stop by shorting the stock. Users of a Reddit sub forum didn’t like that and started investing in it helping drive the stock up as high as 1,200% in the last few weeks. Also helped when Elon Musk tweeted his support for game stop and other social media brought more investors in. The funds shorting it got crushed with one of them needing almost 3B to stay open. The small guys turned the table on large investors and screwed them for a change. 

6

[Inside Pitch]

6 hours ago, Tank said:

Can someone summarize in laymen’s terms what happened today?

You're welcome...

 

[Jay]

3 hours ago, Inside Pitch said:

You're welcome...

 

I was able to get to 0:26 of that video.

[Inside Pitch]

1 minute ago, Jay said:

I was able to get to 0:26 of that video.

It gets progressively more ridiculous.

[St1ck]

14 minutes ago, Jay said:

I was able to get to 0:26 of that video.

 

13 minutes ago, Inside Pitch said:

It gets progressively more ridiculous.

You guys know she was joking right?

[Inside Pitch]

14 minutes ago, st1ckboy said:

 

You guys know she was joking right?

Of course, I enjoyed it.... but there is no denying it gets more and more ridiculous.  Her making it about hedges was great IMO.   

[Tank]

50 minutes ago, st1ckboy said:

 

You guys know she was joking right?

wait, wut?

[Tank]

36 minutes ago, Inside Pitch said:

Of course, I enjoyed it.... but there is no denying it gets more and more ridiculous.  Her making it about hedges was great IMO.   

is there a version of this where she takes off her glasses, shakes out her hair, and removes the hoodie? asking for a friend.

[Lou]

14 minutes ago, Tank said:

is there a version of this where she takes off her glasses, shakes out her hair, and removes the hoodie? asking for a friend.

Thanks for asking.

Friend.

[St1ck]

15 minutes ago, Tank said:

is there a version of this where she takes off her glasses, shakes out her hair, and removes the hoodie? asking for a friend.

You going to start the fantasy golf league again?

[Jay]

1 hour ago, st1ckboy said:

 

You guys know she was joking right?

Does it matter?