Author Topic: New To Investing Thread  (Read 327377 times)

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Offline IPA4Me

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Re: New To Investing Thread
« Reply #3125 on: January 27, 2021, 10:02:29 AM »
WSB is pushing the stock to levels to bankrupt the hedge funds. Basically forcing the hedge funds to exhaust resources before they can cash the short.

Offline wetwillie

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Re: New To Investing Thread
« Reply #3126 on: January 27, 2021, 10:03:44 AM »
But isnt the point of shorting that the price is going to crash?

Yea but you have a relatively short time window for that to happen.  These stock bros are basically keeping the price high long enough to force a call on that short position.  Shorting is borrowing shares basically.
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Re: New To Investing Thread
« Reply #3127 on: January 27, 2021, 10:07:06 AM »
Aren't the reddit nerds losing money too?
Hyperbolic partisan duplicitous hypocrite

Offline kim carnes

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Re: New To Investing Thread
« Reply #3128 on: January 27, 2021, 10:08:22 AM »
Imagine being Ryan Cohen right now.  Surely he is selling some of his shares.

Offline wetwillie

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Re: New To Investing Thread
« Reply #3129 on: January 27, 2021, 10:10:40 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.
When the bullets are flying, that's when I'm at my best

Offline kim carnes

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Re: New To Investing Thread
« Reply #3130 on: January 27, 2021, 10:14:37 AM »
Aren't the reddit nerds losing money too?

The ones who started this movement were long on the stock before any of this got started.  They’re the main beneficiaries.  But others are making money when those who were short have to cover their positions causing the stock to go up even further. 

Offline bucket

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Re: New To Investing Thread
« Reply #3131 on: January 27, 2021, 10:15:10 AM »
gE should create our own meme stock.

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Re: New To Investing Thread
« Reply #3132 on: January 27, 2021, 10:17:33 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.

I'm guessing they're outside of their trading window and can only sit and watch.

Offline IPA4Me

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Re: New To Investing Thread
« Reply #3133 on: January 27, 2021, 10:18:48 AM »
It's a day trader's wet dream right now. Load up. Cash out initial investment. Keep letting it ride up and cash out profit daily.

Offline IPA4Me

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Re: New To Investing Thread
« Reply #3134 on: January 27, 2021, 10:26:33 AM »
Ya. The main guy that plopped down $53K in 2019 has already realized gains but did go back in strong.

Offline Stupid Fitz

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Re: New To Investing Thread
« Reply #3135 on: January 27, 2021, 10:27:15 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.

I'm guessing they're outside of their trading window and can only sit and watch.

yeah, imagine being an employee and maybe having shares of this or AMC or whatever in your 401k and seeing your balance go way up knowing it will come down soon and there is nothing you can do about it.

Offline IPA4Me

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Re: New To Investing Thread
« Reply #3136 on: January 27, 2021, 10:30:26 AM »
NOK getting a ride this morning.

https://www.google.com/finance/quote/NOK:NYSE

Offline ChiComCat

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Re: New To Investing Thread
« Reply #3137 on: January 27, 2021, 10:49:40 AM »
I had some money in an account that I threw in on NOK.  We'll see what happens.

Offline wetwillie

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Re: New To Investing Thread
« Reply #3138 on: January 27, 2021, 11:05:54 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.


I'm guessing they're outside of their trading window and can only sit and watch.

Isn’t the trading window 2 days after earnings gets reported and then lasts 30 days?
When the bullets are flying, that's when I'm at my best

Offline Pete

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Re: New To Investing Thread
« Reply #3139 on: January 27, 2021, 11:09:42 AM »
I think I picked a great time to start day trading

haha, its pretty funny how this "New to Investing Thread" has turned. I imagine someone new clicking through here and then immediately closing their Robinhood account.

Robinhood is bad, then?  Summary for someone too lazy to go back and read this thread.  He's Canadian.

Offline IPA4Me

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Re: New To Investing Thread
« Reply #3140 on: January 27, 2021, 11:11:08 AM »
Trades are being blocked by the brokerage houses on amc and gme. Hope you got out.

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Re: New To Investing Thread
« Reply #3141 on: January 27, 2021, 11:12:12 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.


I'm guessing they're outside of their trading window and can only sit and watch.

Isn’t the trading window 2 days after earnings gets reported and then lasts 30 days?
They reported Q3 earnings December 8. not sure if their holiday numbers release they just had opens a new window or not.

Offline wetwillie

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Re: New To Investing Thread
« Reply #3142 on: January 27, 2021, 11:15:15 AM »
Yea stock options in April 2020 or whenever they would have been paid out for 2019 around that time could be huge windfalls if sold in the last few days.


I'm guessing they're outside of their trading window and can only sit and watch.

Isn’t the trading window 2 days after earnings gets reported and then lasts 30 days?
They reported Q3 earnings December 8. not sure if their holiday numbers release they just had opens a new window or not.

Yea not sure, I can’t imagine seeing that number in an account and not being able to pull the trigger.
When the bullets are flying, that's when I'm at my best

Offline Pete

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Re: New To Investing Thread
« Reply #3143 on: January 27, 2021, 11:19:49 AM »
Wow, I think I am up to speed now.  I too am rooting for the good little guys and against the big bad guys. 

Offline steve dave

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Re: New To Investing Thread
« Reply #3144 on: January 27, 2021, 11:21:18 AM »

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Re: New To Investing Thread
« Reply #3145 on: January 27, 2021, 11:24:28 AM »
Yeah, if I had a bunch of balls and money (I have neither), I'd be gobbling up options on highly shorted stocks right now.  Particularly ones that are brands that are LOLish to retail investors.

Offline ben ji

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Re: New To Investing Thread
« Reply #3146 on: January 27, 2021, 11:26:30 AM »
Really interested to see how this will be taught in business school in a couple of years. Will there be screen shots of of reddit threads included in the material?

"And then on January 25th at 10:25 DiCkFaCe696969 said "HODL THE LINE, WE LIKE THIS STOCK" and the stock continued to surge.

 

Offline steve dave

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Re: New To Investing Thread
« Reply #3147 on: January 27, 2021, 11:29:19 AM »
Really interested to see how this will be taught in business school in a couple of years. Will there be screen shots of of reddit threads included in the material?

"And then on January 25th at 10:25 DiCkFaCe696969 said "HODL THE LINE, WE LIKE THIS STOCK" and the stock continued to surge.

Thicc Dads Club quoted here

https://www.marketwatch.com/story/even-reddit-is-beginning-to-discuss-the-endgame-for-the-wild-gamestop-ride-11611747710


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Offline steve dave

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Re: New To Investing Thread
« Reply #3149 on: January 27, 2021, 11:34:38 AM »
for irl discussion of this Michael Batnick made a really good point on the Animal Spirits podcast that these hedge funds holding shorts of companies with over 30% short interest are going to have a LOT of explaining to do to their clients.

and, obviously, this month will probably be the last time any of them do so lesson learned there I guess.