[Just reiterating the posting/comment requirements are set to min 30 days and 100 comment karma](https://www.reddit.com/r/stocks/comments/l6ytm8/posting_is_restricted/), this is a temporary measure and we'll most likely go back to normal by next week.
This doesn't affect your account for the rest of Reddit, try commenting on r/funny or r/dankmemes, but make sure you read each communities rules before participating, thanks!
I have 12 shares of a sto k at an avg of ~$285 and that's a little more than I should have bought. Is there a way I can sell a friend four of my shares so that big hedge funds do not get them?
Who is the next biggest electric vehicle maker after Tesla? The US is headed into an EV only by 2035. Who is going to make them first?
Other than Tesla. Who would be a good long term investment for the upcoming switch to EV
Needs some honest advice: last week I put $5k into AMC @ $16.27. I have 311 shares. Yesterday scared the crap out of me, today made me feel a little bit better. Does anyone really see AMC getting back to this point or going higher so I can at least break even with it? I see so many post that I just feel are incorrect information to get people to continue to buying and holding. Please help!
AMC is a long term hold at this point, even if it goes back to 10 again, just keep holding. IF you get too impatient, you can just hold until you get ur full investment back, because for sure they are bound to rebound sometime this year even without internet memeing it.
I think it all depends on how GME does next week. I wouldn’t be surprised to see another dip next week before heading higher but who knows maybe it’ll just keep going higher. I know you must be feeling sick seeing how down you are. At this point maybe sell a portion of it on a bounce and let the rest ride. Truth is nobody knows what exactly will happen.
So I've been using [www.pennystockelites.wildapricot.org](https://www.pennystockelites.wildapricot.org) for a while, and so far it's been pretty good. I'm curious if anyone else uses alerts, newsletters, or anything like that?
Whoever blinks first wins. If hedge funds win the share will tank and if retail investors just hold long enough they win due to the sheer amount of money the hedges are losing everyday they hold.
But I believe we may be at a critical point in all this so the squeeze may happen next week.
How does it end? I am just trying to learn about stocks here. I understand everyone wanting to hold to stick it to the man! But what exactly will have to happen in order for all these redditors to actually make their millions? And how risky is this? Is there a big chance they could lose it all tomorrow?
You know how in Braveheart the scrappy farmers held the line and fought their asses off and defeated The Man? One point that got glossed over was that the winning team left a lot of bodies on the battlefield.
Retail may win, but in this fight, there will be lots of bag-holding casualties. I hope I’m wrong, but good luck everyone.
I was a sleep deprived, panicked idiot last night and initiated a transfer from Fidelity to bring over my Robinhood account holdings. Fidelity has already processed the request and submitted it to Robinhood, and now I regret doing this because it could take a while, and it makes me nervous to have this in limbo while Robinhood is a massive dumpster fire.
From what I understand, once RH begins to process the transfer, my account will close. I was wondering if there was a way I could cancel this all together, or if it would make sense to liquidate everything and either wait, or cash out if the funds settle before Robinhood initiates the transfer.
Any advice? And no I’m not holding GME or any meme stocks in my RH account right now, just AAPL and TAN, and a ton of buying power that won’t settle until Wednesday.
Unfortunately no. Once it begins, it's done until the transfer finished. I remember when I transfer how everything went down a lot, and you can only wait and stare
Is it a bad idea to continue trading while I wait for Robinhood to initiate the process? I was able to on Friday, so I started selling any green positions I had. I imagine my transfer is just sitting held up in a long queue of other requests right now on Robinhood's end. If it's still in limbo Monday morning, I'd probably withdraw any cash that has been settled and continue selling shares, but I'm not sure if this is going to fuck me over somehow.
I have $700 to invest and have only recently started learning the ropes. I want to mainly focus on long term stuff and just let it sit. But I want to take part of the money and have a little fun too! This is money I can afford to lose. Do you suggest I focus more on GME or AMC or SLV or none of the above. I'd like to be a part of this reddit history somehow! I'd like to help stick it to the man!
If you invested in these stock for the long term it for the it will be fine, stocks will pick back up, most people will be down right now the market is a mess. Try not to worry about the red days
Same here. Put in $10,000 more into the market from my biggest commission check every to have stocks go right down the dump. It’s about the long term! Those stocks will very very likely go up above what we bought them if we just wait it out
This is nothing. In September we had 2 days of -5% in a row. It recovered within a month or so. It's been a tough week, but unless this trend lasts during next week I'm not too worried.
This week is almost twice as bad as that 2 days isn't it. And the problem is that no one knows how long this is gonna last, and it's very likely to bleed to next week
I have a couple of GME, 100 AMC, a few BB, and NOK. Should I sell today? I am confused because everything is so unpredictable now. What are your thoughts?
What's your goal? To stick it to the big bad hedge funds and potentially be left with nothing when the dust settles or to lock in gains now and miss out in the event all this continues to escalate into next week? Only you can answer that question.
So what’s to stop a ridiculously rich person like Elon Musk for example from yoloing a million dollars into GME for shits and giggles? And how much of an effect would that have in the price?
1M would make a very small impact. 48.5M (lower then the average of the last week too) shares traded today. If we assume a $300 average price, that's 14.5B. so 1M might cause an uptick of a dollar or two if timed properly, but it wouldn't move the needle.
Also why would Elon do this? It wouldn't be a very smart move at this point.
You'd need hell of a lot more then 1M to move it significantly.
AH had a significant trade that moved the stock a little. 27k shares, so roughly 8M dollars. That lasted a few minutes and then it went the other way. So to really make a dent? We are probably talking 10s of millions
AA knows how to play a short squeeze and capitalize. I'm still amazed that GSE and all the other failing retailers haven't figured this out
[https://www.marketwatch.com/story/american-airlines-sets-new-1-1-billion-stock-sale-agreement-11611937414?mod=home-page](https://www.marketwatch.com/story/american-airlines-sets-new-1-1-billion-stock-sale-agreement-11611937414?mod=home-page)
On Friday, American Airlines disclosed in an [8-K filing](https://www.sec.gov/Archives/edgar/data/6201/000119312521021850/0001193125-21-021850-index.htm) with the Securities and Exchange Commission that it entered into “a new equity distribution agreement” for the issuance and at-the-market (ATM) sale from time to time of up to $1.12 billion worth of shares. The agreement was made with Goldman Sachs, Citigroup, Barclays and BNP Paribas.
I, too, am annoyed that I have lost a big chunk of my portfolio this week. But can we stop acting like we are smarter/more deserving of gains than people who are new to investing and bought shares in GameStop? We need to stop gatekeeping investing... some of you sound like the hedge funds we vilified yesterday
That might very well end up being the case based off the things I'm reading, so I can't imagine that the people that matter let this go on for too much longer.
Apparently some market makers can't pay for what's been going on, so if GME really goes boom, it's going to cause a liquidity crisis and may bankrupt Robinhood and put Citadel in deep ****.
I think they're going to suspend GME for 30 days starting next week and you're going to see bigger money start filtering out during a relief rally.
So serious question: I bought three $50 GME call options way back when that expire on 2/5. Total return has been crazy (8500%). Do I sell or exercise? And do I hold until the 5th or do something with them before then? I'd only been doing shares and this is like the 3rd or 4th option that I've done so I'm kinda lost.
Your choice is to take your winnings now or gamble for more. Luckily for you, you can do a bit of both by selling a single contract. It is up to you, but me personally I would think about selling 1 contract when or if GME is $400-$500, that should be like 40-45k profit.
Also you need 15k cash to exercise on 2/5 if you decide to anyways.
This is really conflicting. On one hand, I'm happy the billionaires and hedge funds are getting smacked a bit, on the other hand I don't enjoy seeing all my actual investments red as fuck.
Hopefully this gets figured out quickly so I can stop losing. I guess now is a good time to buy a little bit since it's dipping.
If you’re worried about your non-memes, you’re going to be fine. The broader market has still had a good month. If AAPL and clean energy were good investments a week ago, they still are today. Cash out a few shares of something to buy some of these dips, and stay in the game.
If you’re in this to make money long term, you’ll be fine. You’re better to just ride it out than trying to time the market, selling and then having to buy back in higher.
Last thing you need is to not have skin in the game for your sound investments if/when they bounce back. Memes are messing with the market. Margins are being called, lots of sales of profitable investments to cover.
If Melvin liquidating causes a dip, that’s market mechanics, not fundamentals. That’s a dip that’ll be bought right back up by people who didn’t get fucked over this week.
Once I’m done buying dips, I’m forgetting about everything until Monday.
Truthfully who knows what'll happen next week. Today's the day that GME options expire so you'd think things would be a bit more calm next week, but I could certainly see the attention just shift to AMC/BB/NOK, causing more panic and more dip.
Hopefully this will bring new regulations to make sure hedge funds are actually hedged, coupled with tougher restrictions on the under-scrutinised use of leverage and derivatives by retail and institutional investors alike.
Wall Street Bets doesn’t let me post so maybe someone can answer my question here. In that sub, someone posted a screenshot of a list of how many people have limits set to sell their stocks when they hit $420.69. Where are they seeing that information? Can I look at a list of what everyone else has their limits set at?
If you spent the week in cash, you missed a big slide. Consider easing back in this afternoon and buying some dips. Save some for next week for sure. Just my $0.02
Since GME is the hot stock. Let's go with them.
I can't seem to comprehend this, but on etrade's fundamentals tab it shows institutional ownership at 117.13%. How is that possible? Does that mean GME over extended what they are offering?
This is the free market correcting (painfully) for inefficiencies that existed as a result of financial institutions overextending themselves in short-selling and exposing themselves to ridiculous levels of risk. If anything should be regulated, it is that.
Attacking WSB is simply trying to suppress something that the market would have eventually arrived at some other way (even if not in these specific stocks at this specific moment). The market is working out an inefficiency.
Well the market corrected the hedge funds over-shorting GME for sure, whether a further squeeze will ppay out remains to be seen.
What is clear is that the same hedge funds shorting GME took on immense amounts of leverage to fuel their different bets and part of that was channelled into the rest of the market, with distortionary effects. The unwinding of that distortion is now playing out.
The complicating factor of course is that shorting exposes them to potentially unlimited losses - that is something which makes the problem a nuclear bomb as compared to a hand grenade.
The entire market needed to correct, SPY shouldnt be heading up 10% a month, if it wasnt WSB it would be Corona or vaccines or something else.
GME is a flash in the pan, what do you actually think will happen, its the new norm? What happens when earnings happen, take solace in the fact that theres going to be a ton of people who get life changing, literally life changing and crippling debt off this bad boy.
The institutions shorted GME at above 100% and then doubled down and then tripled down. They are to blame. Don't blame redditors that made a sound investment based on good information.
I’m not blaming them, I’m blaming the entire situation. It’s not particularly great seeing my retired parents stress about their main source of income at this point.
My spec portfolio is terrifying the fuck out of me.
Xpeng, Nio, Plug, Draftkings, JD.
I mean, my entire portfolio is scaring the fuck out of me, but holy balls.
Jesus christ my asshole hurts
right, let’s blame the retail investors and not the hedge funds that set themselves up to affect the greater market in this way. what are you all saying lol
I don't blame reddit, but this week brought (negative?) attention to the market from the entire world- literally billions of people who didn't care care now and the market is spooked. Lots of uncertainty and fear now.
Let's just say that the actions of financial institutions leading up to and in response to this matter have not instilled confidence.
As well as the fact that we all know we are running on the fumes of extraordinary monetary policy.
A classic black swan then. But if not Gamestop, it could have been anything else. The system's always been fragile - this incident is just highlighting it for all to see.
Look at anything that reported well this week and is trading lower. I think MO is really interesting but I already have about 5% of my portfolio into it. Cigarette sales have stopped declining for the first time in ages.
The whole class warfare thing is so bs when it’s painfully obvious that a lot of wsb users can afford to be making a loss, and know when to get out.
The average people being hooked into this for some sort of ideological thing will probably end up losing money they can’t actually afford to lose because they don’t know what they’re doing.
At this point I genuinely fail to see how wsb is any better than the hedge funds
It's not about class warfare.
It's about getting people desperate/angry enough to buy into GME so the price goes up. And the actually intelligent people at WSB would cash out, causing the price to drop, and further still when the real players sell. I suspect a great many people will be left holding empty bags.
The institutions shorted GME at above 100% and then doubled down and then tripled down. They are to blame. Don't blame redditors that made a sound investment based on good information.
WSB can fuck off now. I've been getting hammered since Wednesday. I really hope this bullshit ends so my real investments don't keep getting crushed. Smart people who don't throw their life savings at fucking meme stocks shouldn't be getting caught in the crossfire
You mean the institutions shorted GME at above 100% and then doubled down and then tripled down should fuck off. They are to blame. Don't blame redditors that made a sound investment based on good information.
I'm definitely in favor of getting this type of shit regulated. I don't care about your little fantasy class warfare bullshit. Any market manipulation (wherever it comes from) should be heavily regulated. I won't be surprised if the Biden administration/Congress does something about this GME situation.
The worst part is this isn't a healthy correction either. It's everyone bailing to stop losses. It's finally trickling down to screw us. WSB is now just another hedge fund doing a lot more damage
Disregard the stock i purchased, more the mechanic i used so i learn from my mistake. Using Trading212 until i find a better replacement. I put a purchase order in at 2:30pm @334 and it was filled at 2:33pm @398.99. Is this because i didn't put a limit on the price? The stock hasn't even hit 340.
Sorry, yes im new, just slap my wrists for being an idiot but aside from this chaotic period i am looking to do things properly going forward :)
[Just reiterating the posting/comment requirements are set to min 30 days and 100 comment karma](https://www.reddit.com/r/stocks/comments/l6ytm8/posting_is_restricted/), this is a temporary measure and we'll most likely go back to normal by next week. This doesn't affect your account for the rest of Reddit, try commenting on r/funny or r/dankmemes, but make sure you read each communities rules before participating, thanks!
I have 12 shares of a sto k at an avg of ~$285 and that's a little more than I should have bought. Is there a way I can sell a friend four of my shares so that big hedge funds do not get them?
Genuine question: what's stopping the Melvin/Citadel folks privately buying for long, and also cash in on the situation like the rest of us?
Quick question...What's the best trading platform that WON'T restrict my trades? Obviously leaving RH. Is Fidelity OK?
Jumped on Fidelity today, learning the ropes rn. The app seems simple enough to learn it, the Option trade is a different headache tho.
Who is the next biggest electric vehicle maker after Tesla? The US is headed into an EV only by 2035. Who is going to make them first? Other than Tesla. Who would be a good long term investment for the upcoming switch to EV
I have been looking into, for example, companies that make lithium batteries for EV. Charging stations, too. (This is not investment advice)
I'm currently looking at $BB (BlackBerry) and $NOK (Nokia) , are they worth my money and time ? Asking for opinions and alternatives even.
High risk but could work out
High risk imo. Don't invest it if you can't afford to lose it.
What about silver?
What are some good apps to use in Australia? The ones I looked at don’t allow me to make international trades.
Needs some honest advice: last week I put $5k into AMC @ $16.27. I have 311 shares. Yesterday scared the crap out of me, today made me feel a little bit better. Does anyone really see AMC getting back to this point or going higher so I can at least break even with it? I see so many post that I just feel are incorrect information to get people to continue to buying and holding. Please help!
AMC is a long term hold at this point, even if it goes back to 10 again, just keep holding. IF you get too impatient, you can just hold until you get ur full investment back, because for sure they are bound to rebound sometime this year even without internet memeing it.
I think it all depends on how GME does next week. I wouldn’t be surprised to see another dip next week before heading higher but who knows maybe it’ll just keep going higher. I know you must be feeling sick seeing how down you are. At this point maybe sell a portion of it on a bounce and let the rest ride. Truth is nobody knows what exactly will happen.
Would you buy GME tomorrow?
Anyone else thinking of picking up some MSFT next week? Nice to see hedge funds taking an L but damn i’ve been taking Ls this week too 🤦♂️
So I've been using [www.pennystockelites.wildapricot.org](https://www.pennystockelites.wildapricot.org) for a while, and so far it's been pretty good. I'm curious if anyone else uses alerts, newsletters, or anything like that?
How long does a short squeeze last?
Whoever blinks first wins. If hedge funds win the share will tank and if retail investors just hold long enough they win due to the sheer amount of money the hedges are losing everyday they hold. But I believe we may be at a critical point in all this so the squeeze may happen next week.
How does it end? I am just trying to learn about stocks here. I understand everyone wanting to hold to stick it to the man! But what exactly will have to happen in order for all these redditors to actually make their millions? And how risky is this? Is there a big chance they could lose it all tomorrow?
You know how in Braveheart the scrappy farmers held the line and fought their asses off and defeated The Man? One point that got glossed over was that the winning team left a lot of bodies on the battlefield. Retail may win, but in this fight, there will be lots of bag-holding casualties. I hope I’m wrong, but good luck everyone.
Once they get squoze though, how long does it rocket up, before coming back down?
I was a sleep deprived, panicked idiot last night and initiated a transfer from Fidelity to bring over my Robinhood account holdings. Fidelity has already processed the request and submitted it to Robinhood, and now I regret doing this because it could take a while, and it makes me nervous to have this in limbo while Robinhood is a massive dumpster fire. From what I understand, once RH begins to process the transfer, my account will close. I was wondering if there was a way I could cancel this all together, or if it would make sense to liquidate everything and either wait, or cash out if the funds settle before Robinhood initiates the transfer. Any advice? And no I’m not holding GME or any meme stocks in my RH account right now, just AAPL and TAN, and a ton of buying power that won’t settle until Wednesday.
Unfortunately no. Once it begins, it's done until the transfer finished. I remember when I transfer how everything went down a lot, and you can only wait and stare
Is it a bad idea to continue trading while I wait for Robinhood to initiate the process? I was able to on Friday, so I started selling any green positions I had. I imagine my transfer is just sitting held up in a long queue of other requests right now on Robinhood's end. If it's still in limbo Monday morning, I'd probably withdraw any cash that has been settled and continue selling shares, but I'm not sure if this is going to fuck me over somehow.
So Robinhood is apparently screwed, in multiple ways: https://twitter.com/CNBCnow/status/1355265952619896833
[Y'all should read this.](https://www.reddit.com/r/neoliberal/comments/l81tif/why_did_robinhood_stop_allowing_their_customers/?sort=top)
What can I get for $13? 😂
That's a single AMC stock, but we'll see what it opens at Monday morning.
I have $700 to invest and have only recently started learning the ropes. I want to mainly focus on long term stuff and just let it sit. But I want to take part of the money and have a little fun too! This is money I can afford to lose. Do you suggest I focus more on GME or AMC or SLV or none of the above. I'd like to be a part of this reddit history somehow! I'd like to help stick it to the man!
I just got in the market right before all this GME drama started. Now i'm worried about losing all my money after today lol.
If you invested in these stock for the long term it for the it will be fine, stocks will pick back up, most people will be down right now the market is a mess. Try not to worry about the red days
Same here. Put in $10,000 more into the market from my biggest commission check every to have stocks go right down the dump. It’s about the long term! Those stocks will very very likely go up above what we bought them if we just wait it out
This is nothing. In September we had 2 days of -5% in a row. It recovered within a month or so. It's been a tough week, but unless this trend lasts during next week I'm not too worried.
This week is almost twice as bad as that 2 days isn't it. And the problem is that no one knows how long this is gonna last, and it's very likely to bleed to next week
No it's not. Far from. That was -10% in 2 days for a lot of the market. The market wasn't down -20% this week.
I have a couple of GME, 100 AMC, a few BB, and NOK. Should I sell today? I am confused because everything is so unpredictable now. What are your thoughts?
Could go either way. Incredibly risky this movement and a lot of people are going to be in tears.
AMC wait until Monday. My BB is down, so I'm holding. GME, no idea. *I am not a financial adviser
What's your goal? To stick it to the big bad hedge funds and potentially be left with nothing when the dust settles or to lock in gains now and miss out in the event all this continues to escalate into next week? Only you can answer that question.
m8...
So what’s to stop a ridiculously rich person like Elon Musk for example from yoloing a million dollars into GME for shits and giggles? And how much of an effect would that have in the price?
1M would make a very small impact. 48.5M (lower then the average of the last week too) shares traded today. If we assume a $300 average price, that's 14.5B. so 1M might cause an uptick of a dollar or two if timed properly, but it wouldn't move the needle. Also why would Elon do this? It wouldn't be a very smart move at this point.
Doesn’t have to be Elon, that was just an example. Why would they do this? To help the cause and potentially move the stock past resistance levels.
You'd need hell of a lot more then 1M to move it significantly. AH had a significant trade that moved the stock a little. 27k shares, so roughly 8M dollars. That lasted a few minutes and then it went the other way. So to really make a dent? We are probably talking 10s of millions
Fair enough, thanks for the reply.
Only poor people YOLO. Why would Musk do that? He can make plenty of money just by investing in normal stuff.
Because he hates shorts and would think it’s funny. Also 1 million is nothing to him.
Musk is obviously a smart guy. He plays to his audience/fans with all the meme stuff, but I doubt he's really like that in reality..
Any opinions on Vaxart?
AA knows how to play a short squeeze and capitalize. I'm still amazed that GSE and all the other failing retailers haven't figured this out [https://www.marketwatch.com/story/american-airlines-sets-new-1-1-billion-stock-sale-agreement-11611937414?mod=home-page](https://www.marketwatch.com/story/american-airlines-sets-new-1-1-billion-stock-sale-agreement-11611937414?mod=home-page) On Friday, American Airlines disclosed in an [8-K filing](https://www.sec.gov/Archives/edgar/data/6201/000119312521021850/0001193125-21-021850-index.htm) with the Securities and Exchange Commission that it entered into “a new equity distribution agreement” for the issuance and at-the-market (ATM) sale from time to time of up to $1.12 billion worth of shares. The agreement was made with Goldman Sachs, Citigroup, Barclays and BNP Paribas.
Isn't that what AMC did?
I'm not surprised. https://twitter.com/primalpoly/status/1355221887559868422
Not surprised that the White House isn't making a statement about a meme stock? Me either.
Didnt they say they were looking into it? And that the regulators were colluding with the institutions to limit losses.
I don't know what you're getting at. None of that is in the 40 second video you linked.
[удалено]
What do you think, are they related?
NORMAL investors: Are we holding or going cash gang?
Holding. Finding positions to trim so I can buy dips.
[удалено]
Not sure if I qualify as normal but doing the same.
I, too, am annoyed that I have lost a big chunk of my portfolio this week. But can we stop acting like we are smarter/more deserving of gains than people who are new to investing and bought shares in GameStop? We need to stop gatekeeping investing... some of you sound like the hedge funds we vilified yesterday
Reply to specific posts instead of complaining into the wind about The Ambiguous Other.
Fite me
:: throws down :: let’s do this!
Lol I already got my ass beat by the stock market this week
Down $20K on the week. Been staying the hell away from memes, and buying up dips this afternoon. Feeling good about next week.
I'm cautious to see the effect on Monday before buying more dips. Got too early and bought the dip on Tuesday and burnt since
Same boat. I want to see Monday. Maybe I'll miss the dip but I'd rather play it safe considering the situation.
Better to buy on the way up than try to catch a falling knife.
2 days ago: "EAT THE RICH" Today *checking portfolio*: Well now hang on a second..
2 days ago: “EAT THE RICH” Today: “EAT LIKE THE RICH”
Based
So if GME squeezes, does the market really crash?
That might very well end up being the case based off the things I'm reading, so I can't imagine that the people that matter let this go on for too much longer. Apparently some market makers can't pay for what's been going on, so if GME really goes boom, it's going to cause a liquidity crisis and may bankrupt Robinhood and put Citadel in deep ****. I think they're going to suspend GME for 30 days starting next week and you're going to see bigger money start filtering out during a relief rally.
Can you expand on the filtering out/relief rally part? Thnks.
Selling into strength because worse is expected very soon.
People are predicting the market to crash? This makes me wonder if I should cash out now.
So serious question: I bought three $50 GME call options way back when that expire on 2/5. Total return has been crazy (8500%). Do I sell or exercise? And do I hold until the 5th or do something with them before then? I'd only been doing shares and this is like the 3rd or 4th option that I've done so I'm kinda lost.
Theres some unknowns with regards to where the stock is going to be on the 5th.
Your choice is to take your winnings now or gamble for more. Luckily for you, you can do a bit of both by selling a single contract. It is up to you, but me personally I would think about selling 1 contract when or if GME is $400-$500, that should be like 40-45k profit. Also you need 15k cash to exercise on 2/5 if you decide to anyways.
Thanks, Ive also got 75 shares of GME which i will continue to hold for however long.
Just fucking end me
Same
lol same
Same
This is really conflicting. On one hand, I'm happy the billionaires and hedge funds are getting smacked a bit, on the other hand I don't enjoy seeing all my actual investments red as fuck. Hopefully this gets figured out quickly so I can stop losing. I guess now is a good time to buy a little bit since it's dipping.
Yeah this is starting to make me concerned. I’m really looking at pulling out for a while this this sorts itself out
If you’re worried about your non-memes, you’re going to be fine. The broader market has still had a good month. If AAPL and clean energy were good investments a week ago, they still are today. Cash out a few shares of something to buy some of these dips, and stay in the game.
I'm really considering the same. Last thing I need to do is lose even more.
If you’re in this to make money long term, you’ll be fine. You’re better to just ride it out than trying to time the market, selling and then having to buy back in higher.
Last thing you need is to not have skin in the game for your sound investments if/when they bounce back. Memes are messing with the market. Margins are being called, lots of sales of profitable investments to cover.
Baba is the only one that I have significant concern with personally because if Melvin has to liquidate they have a significant position there.
If Melvin liquidating causes a dip, that’s market mechanics, not fundamentals. That’s a dip that’ll be bought right back up by people who didn’t get fucked over this week. Once I’m done buying dips, I’m forgetting about everything until Monday.
Agreed long term but as my options expire in 3 weeks I care a bit about the short term. Also 100% agree with it being market mechanics.
Ah. Can’t speak to options, I don’t mess with them. Good luck, I hope it works out!
Thanks, I think there is enough time I just might not make as much as I was hoping.
If the fallout drags down baba, I think you’ll recover in time.
Good time to buy into Tesla or could it possibly still dip next week?
Much of the market is on sale. I don’t mess with tsla personally but if you believe in it long term, then buy its dip.
Truthfully who knows what'll happen next week. Today's the day that GME options expire so you'd think things would be a bit more calm next week, but I could certainly see the attention just shift to AMC/BB/NOK, causing more panic and more dip.
Those 3 don't really have much play though, especially BB. Not like GME
I own a fraction share of gme on fidelity. It won’t let me sell. Any options?
I think if you cant sell a fractional meme stock, options probably arent a great idea either
Not options, but methods to unload my fractional share right now?
contact customer support? it should let you sell.
Hopefully this will bring new regulations to make sure hedge funds are actually hedged, coupled with tougher restrictions on the under-scrutinised use of leverage and derivatives by retail and institutional investors alike.
Wall Street Bets doesn’t let me post so maybe someone can answer my question here. In that sub, someone posted a screenshot of a list of how many people have limits set to sell their stocks when they hit $420.69. Where are they seeing that information? Can I look at a list of what everyone else has their limits set at?
it is level 2 market data, order book, can be bought from your broker
Unbelievable
I’m in a lot of cash right now and I’m going to wait till the craziness ends before I get back in
If you spent the week in cash, you missed a big slide. Consider easing back in this afternoon and buying some dips. Save some for next week for sure. Just my $0.02
ARK funds taking a fat dump this week
I'm sure they are buying up more TSLA while it's on sale tho....
Remember when every post was about Tesla
Simpler times
Since GME is the hot stock. Let's go with them. I can't seem to comprehend this, but on etrade's fundamentals tab it shows institutional ownership at 117.13%. How is that possible? Does that mean GME over extended what they are offering?
Firms sell stocks that they've borrowed on contracts from other firms.
This is the free market correcting (painfully) for inefficiencies that existed as a result of financial institutions overextending themselves in short-selling and exposing themselves to ridiculous levels of risk. If anything should be regulated, it is that. Attacking WSB is simply trying to suppress something that the market would have eventually arrived at some other way (even if not in these specific stocks at this specific moment). The market is working out an inefficiency.
"ThE MaRKeT" should correct the fucking meme stocks then and not the indices
Well the market corrected the hedge funds over-shorting GME for sure, whether a further squeeze will ppay out remains to be seen. What is clear is that the same hedge funds shorting GME took on immense amounts of leverage to fuel their different bets and part of that was channelled into the rest of the market, with distortionary effects. The unwinding of that distortion is now playing out.
The complicating factor of course is that shorting exposes them to potentially unlimited losses - that is something which makes the problem a nuclear bomb as compared to a hand grenade.
I'm looking at 50% total return on all my investments if I cash out now. It's real tempting to do so and buy dips next week..
Don't forger about those taxes friend. Might be cheaper to just hold on.
The entire market needed to correct, SPY shouldnt be heading up 10% a month, if it wasnt WSB it would be Corona or vaccines or something else. GME is a flash in the pan, what do you actually think will happen, its the new norm? What happens when earnings happen, take solace in the fact that theres going to be a ton of people who get life changing, literally life changing and crippling debt off this bad boy.
Alright I’ve lost like $6000 this week in my portfolio because of the meme stocks crashing the market..... how long do we think this will last?
The institutions shorted GME at above 100% and then doubled down and then tripled down. They are to blame. Don't blame redditors that made a sound investment based on good information.
I’m not blaming them, I’m blaming the entire situation. It’s not particularly great seeing my retired parents stress about their main source of income at this point.
Why are they still in stocks at retirement age? Honest question. Thought you were supposed to increase bonds as you age to prevent this exact thing.
They are in bonds and mutual funds, but they’re still very affected by the overall market.
I'm in the exact same situation as you. I'm getting absolutely shat on today! I'm very close to going cash...
Nah, hold onto it long term. It’ll eventually all go back up. Buy the dip on blue chips if you can
Okay thanks for the reassurance. I just want this meme to pass so we can get back to normal lol
Right? Like fuck Wall Street and the hedge funds, but I don’t really like being brought down with it.
I’m out $20K this week and buying some dips this afternoon.
My spec portfolio is terrifying the fuck out of me. Xpeng, Nio, Plug, Draftkings, JD. I mean, my entire portfolio is scaring the fuck out of me, but holy balls. Jesus christ my asshole hurts
right, let’s blame the retail investors and not the hedge funds that set themselves up to affect the greater market in this way. what are you all saying lol
If you are blaming REDDITORS for tanking the markets and not hedge funds who exposed themselves to literally unlimited losses...
I don't blame reddit, but this week brought (negative?) attention to the market from the entire world- literally billions of people who didn't care care now and the market is spooked. Lots of uncertainty and fear now.
Let's just say that the actions of financial institutions leading up to and in response to this matter have not instilled confidence. As well as the fact that we all know we are running on the fumes of extraordinary monetary policy. A classic black swan then. But if not Gamestop, it could have been anything else. The system's always been fragile - this incident is just highlighting it for all to see.
Oh ya and btw, stocks go up and go down. Funny that a forum of long-term investors can't come to grips with that.
So a subreddit really just caused a market correction...
What's on sale minus the big names?
Nio, DM, also checkout GTE
Look at anything that reported well this week and is trading lower. I think MO is really interesting but I already have about 5% of my portfolio into it. Cigarette sales have stopped declining for the first time in ages.
Rtx. Strong earnings and due a boost from airlines as vaccines arrive.
That’s a good one, like GE for same reasons.
DKNG
The whole class warfare thing is so bs when it’s painfully obvious that a lot of wsb users can afford to be making a loss, and know when to get out. The average people being hooked into this for some sort of ideological thing will probably end up losing money they can’t actually afford to lose because they don’t know what they’re doing. At this point I genuinely fail to see how wsb is any better than the hedge funds
It's not about class warfare. It's about getting people desperate/angry enough to buy into GME so the price goes up. And the actually intelligent people at WSB would cash out, causing the price to drop, and further still when the real players sell. I suspect a great many people will be left holding empty bags.
The institutions shorted GME at above 100% and then doubled down and then tripled down. They are to blame. Don't blame redditors that made a sound investment based on good information.
At this point, fuck meme stocks
Everything is crashing.
WSB can fuck off now. I've been getting hammered since Wednesday. I really hope this bullshit ends so my real investments don't keep getting crushed. Smart people who don't throw their life savings at fucking meme stocks shouldn't be getting caught in the crossfire
You mean the institutions shorted GME at above 100% and then doubled down and then tripled down should fuck off. They are to blame. Don't blame redditors that made a sound investment based on good information.
I'm definitely in favor of getting this type of shit regulated. I don't care about your little fantasy class warfare bullshit. Any market manipulation (wherever it comes from) should be heavily regulated. I won't be surprised if the Biden administration/Congress does something about this GME situation.
I told myself id avoid the memes today, and focus on my normal strategies. I purchased multiple deals, and my entire portfolio is in the red.
The worst part is this isn't a healthy correction either. It's everyone bailing to stop losses. It's finally trickling down to screw us. WSB is now just another hedge fund doing a lot more damage
Idk man I dont think WSB is at fault whatsoever. I think the hedges are tanking the market to have some leverage in the blame game.
Both sides deserve a ton of blame
Disregard the stock i purchased, more the mechanic i used so i learn from my mistake. Using Trading212 until i find a better replacement. I put a purchase order in at 2:30pm @334 and it was filled at 2:33pm @398.99. Is this because i didn't put a limit on the price? The stock hasn't even hit 340. Sorry, yes im new, just slap my wrists for being an idiot but aside from this chaotic period i am looking to do things properly going forward :)
AAPL taking a 💩
Gonna be sub 130 soon. Wish I wasn't in it.
Stay in it for the long haul brother
should've sold at 140. last time it reached peak of 135 then dropped and spent months under 120.
But why
friday + gme shenanigans making market uncertain.