Stock Talk

[PorkChopSandwiches]

CRWD CROWDSTRIKE HLDGS INC CL A

This is a cyber security company that has done pretty well for me.
I bought on 8/17 and to date is up 74%

I also really like Square SQ I think it can hit $300 next year, its currently at $215
I got lucky and bought it in March and its up 371% :shock:

[Teh One Who Knocks]

I wish I had the money to play the market :(

[PorkChopSandwiches]

Robinhood lets you buy partial shares I believe so you can get you feet wet.

[Teh One Who Knocks]

I was playing penny stocks for a little while, but almost all of the ones I got are either gone (bankrupt) or less than worthless.

[PorkChopSandwiches]

those are super risky, but they are great when they do hit

[Teh One Who Knocks]

https://i.imgur.com/i9HkJ9A.png

I'm stuck with the worthless ones forever :rofl: I haven't ever had one hit. I haven't bought any in forever, so I don't know where all the single shares came from :lol:

[PorkChopSandwiches]

Its a bad sign when the symbols turn to numbers:lol:

[DemonGeminiX]

Robinhood lets you buy partial shares I believe so you can get you feet wet.

M1 Finance does that too.

[DemonGeminiX]

If you want safe, then buy into a total market index fund.

[Godfather]

https://i.imgur.com/i9HkJ9A.png

I'm stuck with the worthless ones forever :rofl: I haven't ever had one hit. I haven't bought any in forever, so I don't know where all the single shares came from :lol:

Hey you can sell the couple of big flops there for a tax write-off (in Canada at least), so at least there's that :lol:

[Godfather]

If you want safe, then buy into a total market index fund.

Agreed. More than half my portfolio is in ETF's. Lower management fees than mutual funds, and tons of diversity of funds to chose from.

I like to read blogs on best performing [type] ETF of 2020, for whatever type of risk I'm looking for. So I've got a couple of US big-cap ETF's (top 60/top 100 companies), some big cap Canadian ETF's, one that I hold is a All Global ETF (which is especially nice because then I don't have to find a trading platform to buy from a bunch of random foreign stock exchanges, plus is spreads your risk if North American markets take a shit). You can also look for high dividend yield ETFs which are a very solid play as well.

I also have a few niche ETF's like a medical equipment ETF that has performed really well this year. $IHI - iShares US Medical Devices - Up 20.15% YTD.

[Godfather]

CRWD CROWDSTRIKE HLDGS INC CL A

This is a cyber security company that has done pretty well for me.
I bought on 8/17 and to date is up 74%

I also really like Square SQ I think it can hit $300 next year, its currently at $215
I got lucky and bought it in March and its up 371% :shock:

Square is a really solid buy, good for you. My best one of the year is Pelaton. Bought it at the start of the pandi when all the yuppies I knew were buying these stupid $3000 spin bikes + monthly subscriptions. Up 295% since I bought. Scares me though being such an expensive and trendy product. I may sell my initial investment and just leave house money in.

The other good one that I really like right now is $PENN - Penn National Gaming. They're in online gambling as well as bricks & mortar casinos. They also bought a huge share of Barstool Sports which was what prompted me to buy in. It was as low as $6 during the height of lockdowns with casinos and sports stopped, but now it's at about $74 USD.

[Teh One Who Knocks]

Hey you can sell the couple of big flops there for a tax write-off (in Canada at least), so at least there's that :lol:

Most of those died many, many moons ago, so I think trying to write them off would be a waste. :lol: And it's not like I lost a lot of money on them, the ones where I have 1,000 or more shares of were more than like valued at less than a penny at the time, especially the ones that I have 25,000 and 40,000 shares of. I just wish I knew how I could just remove the ones that aren't trading any longer from my portfolio. :lol:

[PorkChopSandwiches]

Square is a really solid buy, good for you. My best one of the year is Pelaton.

Yeah Pelaton did well, I dont know how well it will do post covid, I think square still has a lot of room for growth during and after covid

https://www.investors.com/research/fastest-growing-stocks-to-watch-2021/

[DemonGeminiX]

https://www.youtube.com/watch?v=BD5ccQ8GqY8

[brah pitt]

IN!

BLNK
TSLA
AAPL
PTRL
CRSR

[Godfather]

IN!

BLNK
TSLA
AAPL
PTRL
CRSR

You must be on WSB too :lol: Palantir is an interesting one for sure, I picked some up (if that's what you meant, PLTR?)

[PorkChopSandwiches]

DASH jumped 15% today

[PorkChopSandwiches]

DASH is up 10% over its 1st day opening today (5.67% today)

[Teh One Who Knocks]

Did you buy?

[PorkChopSandwiches]

I bought it when it came out (Not IPO)

[FBD]

GF, how's your inflation over there bro?

https://i.imgur.com/BbLyvDh.png

[PorkChopSandwiches]

DASH up another 9% today

[Teh One Who Knocks]

DASH up another 9% today

https://i.imgur.com/8iGNsq4.png

[PorkChopSandwiches]

Im up 19.5% on DASH so far.

[Godfather]

GF, how's your inflation over there bro?

https://i.imgur.com/BbLyvDh.png

Pretty fucking low, 0.62% in 2020 which I think is identical to the US. Projected to be under 2% in 2021. Cash is dirt cheap.

[Godfather]

Keep an eye on GME. Something weird is going on, this bizarre investing community wallstreetbets is pumping it hard :lol: I think it's the Blockbuster of the video game market, but it's exploding (maybe a short squeeze coming up).

[PorkChopSandwiches]

Its pretty up there

[brah pitt]

Keep an eye on GME. Something weird is going on, this bizarre investing community wallstreetbets is pumping it hard :lol: I think it's the Blockbuster of the video game market, but it's exploding (maybe a short squeeze coming up).

Did you see GME yesterday? shit was insane.

[PorkChopSandwiches]

I bought it on Thursday, Its up 98% :lol:

[PorkChopSandwiches]

I got it at 42.18 and sold today for 73.165. I got distracted I meant to sell first thing when the market opened when it was at 159.18 :lol:

[FBD]

:lol:

[brah pitt]

I bought it on Thursday, Its up 98% :lol:


This guy

http://i.imgur.com/vomn0EB.jpeg

[Godfather]

Blackberry is the other one those psychos at WSB are pumping, keep an eye on it :lol:

[PorkChopSandwiches]

Guess I sold Game Stop to quick

$134.00 +57.21 (+74.50%)

[FBD]

Look at me....I am the wolf of wall street now

https://i.imgur.com/Z7EDfhS.jpg

https://i.imgur.com/QVh6FNV.png

[PorkChopSandwiches]

:lol:
This is REDDIT

[brah pitt]

Guess I sold Game Stop to quick

$134.00 +57.21 (+74.50%)

https://media1.tenor.com/images/f64ccce093bda28bbeb4c49641b19129/tenor.gif?itemid=4557842

[brah pitt]

Still holding, just 3 shares for the dnce, but wtf LOL over $220

[brah pitt]

http://i.imgur.com/rJzh3qe.png

[brah pitt]

the guy that started it all

http://i.imgur.com/7Qj5i88.png

[Teh One Who Knocks]

Bob Pisani - CNBC


https://i.imgur.com/alKA9xD.jpg

Short sellers on the ropes — or are they?

Short sellers clearly have picked the wrong names in January. The GameStop phenomenon — where buyers deliberately target heavily shorted stocks — is only the most recent development in a long series of failures from short sellers. But don't count them out.

Most short sellers lose money

The market's relentless rally has not been kind to short sellers for many years. For all the attention that is put on superstar short sellers, most of these managers lose money. Equity shorts lost $243 billion in 2020, a return of negative 26%, according to S3 Partners.

This month, their performance is even worse. In January alone, they are down $91 billion, according to S3.

And while traders often focus on stocks that have made money for short sellers due to being in sectors that were out of favor (ExxonMobil) or had accounting irregularities (Luckin Coffee and Wirecard), most shorts do not succeed.

In 2020, 57% of all securities shorted lost money. Sixty-eight percent of every dollar bet lost money.

"The biggest enemy of short sellers has not been Robinhood or Reddit chat rooms, it's been the Federal Reserve and stimulus, which have pushed most stocks higher. It's not a value market, it's a momentum market, and they [short sellers] are on the wrong side of the momentum," said Ihor Dusaniwsky of S3 Partners.

Given the beating short sellers have been taking, it's not surprising that the dollar value of stocks shorted compared to the dollar value of the S&P 500 is at its lowest level in several years, according to Goldman Sachs.

Shorts are not a big part of the market

At any one time, short sellers typically have $900 billion to $1.3 trillion in short bets out on the market, according to Dusaniwsky. That is roughly 2% to 3% of the market capitalization of U.S. stocks.

That may seem like a small amount of money, but short sellers play a very important role. They are instrumental in calling out companies that may have questionable accounting, as was the case with Luckin Coffee and Wirecard last year.

They also provide hedges to long portfolios.

Their most important function may be as liquidity providers. They provide liquidity for the equity market, and they provide liquidity for derivatives traders who take the other side of options trades.

That's where the GameStop story comes in. "Shorts provide liquidity on the back end of rallies. If you are a long seller at the top end of a rally, the shorts are the only ones buying your stock," Dusaniwsky said. "The shorts provide liquidity that many longs no longer provide."

The end of shorts? Not by a long shot

Shorts certainly seem to be in a difficult position. Academy Securities' Peter Tchir said shorts are getting hit with a "one-two punch": First, the relentless rise in the market, but then "some traders are aggressively buying out-of-the-money calls options. That squeezes the shorts. For the moment it seems to be an effective strategy."

What will happen to the shorts? "Shorts are going to have to be more comfortable with losses before getting stopped out," Tchir said. "And I would guess that the prices for call options will go up. Movements like [Monday] seem insane without a repricing of the options. It makes me nervous."

If call option prices do indeed rise, Tchir warns, that could generate false signals to the market. "If call option prices go up, that could force the VIX up, and traders may mistakenly believe there is fear building up. It may not be the time to be bearish, but it certainly may be the time to avoid highly volatile stocks that are chatroom favorites."

Despite all the difficulties, Dusaniwsky laughs when I ask if this is a killer blow for short sellers.

Not a chance, he said: "Even as the shorts are getting killed, new shorts are coming in, particularly in financials and even in the names that have had the biggest successes blowing out short sellers."

[FBD]

NOOOOO PLEBES CANT DO THIS, ONLY RICHFUCKS MAY HAVE THESE BACKCHANNELS!!!!!!!!!

https://i.imgur.com/pve0J8Q.jpg

https://i.imgur.com/W4ZKTuT.jpg

[FBD]

http://i.imgur.com/rJzh3qe.png

https://i.imgur.com/ghfrgM9.png

[FBD]

ya probably want to get out of there before Reddit does tho :lol:

https://i.imgur.com/ZQ34RW5.png

[FBD]

https://i.imgur.com/bHlggRb.jpg

[FBD]

entertainment :lol:

https://i.imgur.com/jwsy0YT.png

[PorkChopSandwiches]

I fucked up



GME GAMESTOP CORP NEW CL A
$317.90 +169.92 (+114.83%)

[FBD]

I fucked up



GME GAMESTOP CORP NEW CL A
$317.90 +169.92 (+114.83%)
Getting out too early while you're ahead is only a fuckup if it stays up like mad...this gamestop shit got started from some people trying to fuck over some hedge funds that were shorting the shit out of GS....while it isnt a guarantee to come crashing down...battles like this which are waged over relative bs dont normally wind up having the steam to keep that lever moved...

[PorkChopSandwiches]

Yeah, still a win :lol:

[FBD]

plebes will not be allowed to interfere in richfucks fuckery and will be actively excluded

https://i.imgur.com/5q60fYq.jpg


the 4chan version :lol:

https://i.imgur.com/JlkKQvc.jpg

https://i.imgur.com/bhO9Egw.png

to deal the killing blow, prepare for a 1+ month hodl


Of the Interview:
-Some retail level DD on WSB & /Biz/ is on par with what you see at large investment firms in terms of quality and depth. A lot is still retarded
-Wallstreet has done a very good job keeping the man behind the curtain hidden but retail WILL catch up to big firms in terms of ability and access to research
-Higher levels of transparency will benefit everyone involved in the market
Of the overall GME situation:
-Hedge funds got greedy and Short Sold more shares than actually exist for GME. The plan was to buy the shares back at a lower price later and return them to the original owner, pocketing the difference
-People realized this bought up all the stock so the short sellers couldn't get it back
-The short sellers HAVE to return the shares by a certain date so they literally have to pay any price demanded, and if people don't sell then the price keeps going up.
-GME $2000 by Feb 19, Multiple Hedge Funds go bankrupt.

[FBD]

https://i.imgur.com/foBpCA0.png

[PorkChopSandwiches]

Funny how that works

[PorkChopSandwiches]

https://www.vice.com/en/article/pkdvgy/send-this-to-anyone-who-wants-to-know-wtf-is-up-with-gamestop-stock


:rofl:

[Godfather]

I can't even focus at work, this GME shit over at wallstreet bets is the funniest thing that has happened on the internet in a long time. u/deepfuckingvalue is now up $33 million on his $750k short position, he's a god.


You can hate AOC, but even a broke clock is right twice a day :lol:

https://i.imgur.com/mwouhGh.png


I'm sure this is going to implode fairly shortly, but until then it's a helluva rollercoaster.

[Godfather]

https://i.imgur.com/5Iz1UwR.png

[DemonGeminiX]

Fuck it, I'm in. $100 on GME via M1. Let's see where this bitch goes. I love rooting for the underdogs.

[brah pitt]

good luck today guys! Apparently, the $1000 meme is no longer a joke

http://i.imgur.com/kgIXsWH.jpeg

[brah pitt]

https://www.vice.com/en/article/pkdvgy/send-this-to-anyone-who-wants-to-know-wtf-is-up-with-gamestop-stock


:rofl:

This is actually a really good article

[Teh One Who Knocks]

By Lucas Manfredi | FOXBusiness


Could American Airlines' stock become the next GameStop? Reddit users believe it may be possible.

American Airlines surged more than 10% on Wednedsay morning after one discussion on Reddit's WallStreetBets forum posed the question, "AAL next GME?"

"Thoughts? AAL majorly shorted when all the other airlines aren’t," one user wrote. "Let’s get this bread wsb!!" (wsb stands for “r/wallstreetbets” a forum or “subreddit” on the popular social platform Reddit, where the discussion centers around investing -- especially speculative investing).

The Verge reported last Tuesday that the forum has decided to switch to private instead of public due to increased activity.

But before the switch occurred, one user replied that they think American Airlines stock is a "good one," noting that "GME is unique, but AAL could hit 30 soon."

https://i.imgur.com/kZ4vRrD.png

Another user chimed in with agreement, writing "Might hit $30 tomorrow with this market. I doubt the big traders will let this opportunity pass them again."

However, not everyone on the forum agreed that the airline -- which number one in carrying passengers in 2019 before the pandemic hits -- would be a safe bet.

"Do what you want with your money, but AAL is a lot bigger than GME," the user said. "Airlines have been showing bad earnings so far and tomorrow could be bad for American. Don't forget that GME and AMC started with good news."

American Airlines, whose stock closed up more than 6% Wednesday at $16.56, its highest level since Dec. 3, will report fourth-quarter earnings on Thursday. Like its competitors, American has struggled as the coronavirus pandemic has ravaged demand for air travel.

A spokesperson for American Airlines did not immediately return FOX Business' request for comment.

https://i.imgur.com/HJ0H9Lp.png

The discussion on Reddit comes as CFRA Research changed its recommendation on American Airlines shares to hold from strong sell and lifted its price target to $19 from $8.

“We think the stock is a high risk for one of the recent retail-investor-driven short squeezes we’ve seen play out,” CFRA analyst Colin Scarola wrote in a client note.

American Airlines is the most shorted major U.S. carrier, with roughly 171.3 million of its 610.8 million shares outstanding, or about 28%, currently sold short, according to S&P Capital IQ.

https://i.imgur.com/O12Qovn.png

In comparison, short-seller interest for shares of United Airlines, Southwest Airlines and Delta Airlines are all under 5%, with United at about 4.4%, Southwest at 2.9% and Delta at 2%.

American Airlines has become the latest potential target in amateur investors' crosshairs after Reddit users banded together to buy up GameStop's call options, causing the struggling retailer's shares to soar to unprecedented levels and hurting market short-sellers.

GameStop had been fighting the economic trends of the last decade as demand for video game discs dropped following technology advances that allow instant virtual purchases of games – removing the need for the game supplier or the store.

https://i.imgur.com/0CzEH21.png

Other stocks recently targeted include AMC, Blackberry Limited and Bed Bath & Beyond, who, in addition to GameStop, have all seen triple-digit percentage increases over consecutive trading days.

According to Dow Jones Market Group, GameStop, AMC and Bed Bath & Beyond have seen increases of 762%, 538% and 103%, respectively, over the past five consecutive trading sessions while BlackBerry Limited has seen an increase of 237% over the past nine consecutive trading sessions.

The market chaos resulting from the gyrations has caught the attention of the White House, Treasury and SEC who have all said they are monitoring the situation after TD Ameritrade and Charles Schwab's mobile apps to experienced outages in response to "unprecedented volumes" during trading on Wednesday morning.

[DemonGeminiX]

I totally bookmarked that WallStreetBets reddit. :lol:

[Teh One Who Knocks]

By Yael Halon | Fox News


Wall Street is "losing its mind" after a group of small investors with trading accounts ranging from $500 to $2,500 banded together to take "down the billionaires," Fox Business host Charles Payne told "Tucker Carlson Tonight" Wednesday.

The "Making Money" host addressed the dramatic surge in GameStop's stock price after a group of Reddit users teamed up to buy up the struggling retailer's call options – pushing the company's stock prices to unprecedented levels and hurting market short-sellers.

"These hedge funds selling this stock, they don’t own the stock, so they borrow it," Payne explained. "Imagine you borrow a stock that’s trading at $10 and then you drive the share price down and then you buy it back for a dollar. You make the difference, nine bucks."

Short-sellers, Payne explained, are investors who speculate the price of a stock or security will fall in value. The strategy involves borrowing shares in order to sell them with the hopes of buying them back at a lower price in the future.

"They are allowed to short so much stock," he said. " Do you know the amount of stock that was out on GameStop? Let’s just say 100% of the shares that are out, they shorted 140% of the stocks, so they borrowed the same stock over and over, and over, the same shares and sold it into the market.

"Their job, their mission was to drive GameStop to zero," he added. "No one said a word on any financial network, particularly CNBC, which always lets the shorts come on ..."

Fed up small-time investors revolted against Wall Street on Wednesday when they decided to collectively drive the stock price up.

"It’s called a short squeeze," Payne said, "and it’s working.

"Wall Street is losing its mind and Wall Street now wants to change the rules of the game because a bunch of people with accounts ranging from $500 to $2,500 are taking down the billionaires."

[DemonGeminiX]

Yeah, they're crying all over the place.

[FBD]

good let the hedge funds BATHE in it

[Teh One Who Knocks]

Brianna Provenzano - Gizmodo


https://i.imgur.com/gL3bBmG.jpg

After kicking off a historic rally around GameStop stock that has incited the ire of hedge fund tycoons and the SEC, the r/wallstreetbets channel was banned from Discord on Wednesday over apparent hate speech violations.

While some on Reddit were quick to speculate that the server had been taken down by hackers as part of a covert attempt to disrupt their push to drive the stock’s price higher, a Discord spokesperson told Gizmodo that the channel had been banned “for continuing to allow hateful and discriminatory content after repeated warnings.” On both Discord and Reddit, wallstreetbets users frequently refer to themselves collectively as “retards” and “autists,” and have been known to deploy the kinds of racial slurs and deliberately offensive language that have become commonplace in 4chan-style posting forums.

Here’s the full statement from Discord:


The server has been on our Trust & Safety team’s radar for some time due to occasional content that violates our Community Guidelines, including hate speech, glorifying violence, and spreading misinformation. Over the past few months, we have issued multiple warnings to the server admin.

Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings.

To be clear, we did not ban this server due to financial fraud related to GameStop or other stocks. Discord welcomes a broad variety of personal finance discussions, from investment clubs and day traders to college students and professional financial advisors. We are monitoring this situation and in the event there are allegations of illegal activities, we will cooperate with authorities as appropriate.

Moments after confirmation of the Discord ban surfaced online, the official r/wallstreetbets subreddit was set to private by its moderators, but has since been made public again. In a new post, moderators for r/wallstreetbets argued that the staggering growth of the community in just a few days’ time had made moderating it effectively impossible, and blamed Discord and Reddit’s software for any shortcomings in cracking down on offensive language.

https://i.imgur.com/tgZQD4Y.png

This post will be updated as more information becomes available.

[DemonGeminiX]

Pelosi said Congress will investigate Gamestop and now everybody's panicking.

[FBD]

funny cuz what they're doing isnt illegal, and its less dubious than what the hedge funds are doing

[Teh One Who Knocks]

By ELANA DURE - Investopedia


Robinhood has become the latest platform to restrict the trading of several highly shorted stocks following an unrelenting trading frenzy led by retail investors and day traders.

The company said in a blog post that it is restricting transactions for certain securities to position closing, including GameStop, AMC Entertainment, Blackberry, and Bed Bath and Beyond, among others. Robinhood also raised margin requirements for certain securities, it said.

“We continuously monitor the markets and make changes where necessary,” Robinhood said. “Amid significant market volatility, it’s important as ever that we help customers stay informed.”

The move comes one day after TD Ameritrade became the first online broker to place restrictions on the trading of these highly shorted stocks amid a multi-day rally spearheaded by retail investors and day traders.

Shares in GameStop have jumped 1,300% so far this year, while shares in AMC popped 308%.

The trading frenzy has led to several broker outages Wednesday, and several of the stocks, including GameStop and AMC, experienced trading halts.

The World is Watching

The unprecedented volume of trading was prompted by a new class of retail investors and day traders that have flooded the market since the beginning of the pandemic. Many of them were part of a buying boom last year as they chased struggling stocks they believed deserve a second chance. Online forums like Reddit's WallStreetBets have become a place for these new day traders to discuss the stocks.

“Individual investors are being stripped of their ability to trade on @RobinhoodApp,” the moderators of the Reddit forum wrote on Twitter. “Meanwhile hedge funds and institutional investors can continue to trade as normal. What do you call a market that removes retail investors [sic] ability to buy to save institutional investors shorts?”

Short sellers betting against these stocks have lost billions of dollars so far. As shares of GameStop soared on retail investor-fueled euphoria, short sellers who were faced with mounting losses and high borrowing fees were forced to close their positions and buy, prompting what is known as a short squeeze.

The Biden administration, including Treasury Secretary Janet Yellen, is “monitoring the situation,” as are the SEC and FINRA. Market regulators typically do not favor day-trading manipulation of the stock market, and regulations are likely to follow.

[FBD]

https://i.imgur.com/wCU4Ho4.jpg

fuckers should change their name to Prince John

/r/ClassActionRobinHood/

[Teh One Who Knocks]

Yun Li and Jesse Pound - CNBC


Shares of GameStop, the center of a trading frenzy fueled by a Reddit message board, were cut in half on Thursday after brokers restricted trading on the stock.

Trading in the stock was halted shortly before midday ET with GameStop down 44% to $196.14 from Wednesday's closing price. Earlier in Thursday's session, it was up over 25% and trading had been halted several times.

Shares were soaring at one point in premarket trading, briefly topping $500. The stock started to fall as word spread that Robinhood and Interactive Brokers were restricting trading, and it opened trading solidly in the red.

The shares recovered and rallied only to turn rapidly lower as the day went on. It was the first decline in GameStop six days and cut its gains for the week to just 200%.

The wild moves followed a more than 130% rally on Wednesday in heavy volume. The stock was worth about $40 just a week ago.

Other speculative names with high levels of short interest also dropped sharply on Thursday. Shares of theater chain AMC Entertainment lost 60%, while Blackberry and Bed Bath and Beyond shed more than 40%.

The dramatic slide came as some retail brokerages limited trading in several of the heavily shorted names to closing positions only, meaning that traders could not buy up shares as the prices fell. Robinhood and Interactive Brokers also hiked their margin requirements on trades, making it harder for traders to use leverage to load up on stocks and options.

The brokers cited the extreme volatility as a reason for the moves, and Robinhood said it did not believe the dramatic price moves would stop "until the exchanges and regulators halt or put certain symbols into liquidation only."

Billionaire investor David Tepper told CNBC early Thursday that investors should be careful playing in speculative names.

"It was 'party on dot-com' in 1999 that screwed the shorts, and now it's 'gang up inc.' It didn't end well in 1999 when the dot-com bubble popped. Been there, done that. Old scars," Tepper told CNBC's Joe Kernen on "Squawk Box."

GameStop has been a red-hot target in the WallStreetBets Reddit chat room, where an army of at-home retail investors banded together in pushing shares higher and squeezing out short-selling hedge funds. The forum, which now has more than 4 million members, briefly went private Wednesday night as the moderators said they were "unable to ensure Reddit's content policy."

One trending post Thursday said "don't be scared of the drop in $GME $BB. Hedge funds trade after hours to scare y'all...KEEP BUYING AND HOLDING." The post quickly drew more than 1,000 comments in an hour.

Another top post in the community said "buy high, sell never," featuring a photo of GameStop.

Some of the passionate Reddit users have been sharing screenshots of their brokerage accounts, showing monstrous returns from trading in GameStop and other names.

"The action in GameStop's stock is a game of musical chairs and my advice for investors is to sell before the music stops," said David Trainer, CEO of New Constructs. "As fickle as the trading mob has been to select GameStop as one of their favorite stocks, they could be just as fickle as to when to let the stock drop."

The Reddit crowd started targeting other heavily shorted names including Bed Bath & Beyond and AMC Entertainment.

AMC skyrocketed 300% on Wednesday alone, bringing its weekly rally to over 450%. In the previous session, more than 1 billion shares changed hands in AMC, marking its highest volume day ever. Bed Bath & Beyond has also surged 75% this week. The duo dipped slightly in premarket trading on Thursday.

The extreme speculative behavior among rookie investors unnerved many on Wall Street worried that mounting losses by hedge funds could spill over to other areas of the market. Some also believe this buying frenzy could hurt overall market confidence and destabilize the conditions.

The S&P 500 and the Dow Jones Industrial Average suffered their biggest loss since October on Wednesday as concerns about the mania deepened.

Reddit co-founder Alexis Ohanian told CNBC on Thursday that GameStop's trading frenzy marked a turning point in the U.S. investing landscape.

"I do think this is a seminal moment. I don't think we go back to a world before this because these communities, they're a byproduct of the connected internet," Ohanian said in a "Squawk Box" interview. "Whether it's one platform or another, this is the new normal."

[FBD]

https://mobile.twitter.com/disclosetv/status/1354824247617576964


They just Said effectively that Biden's treasury secretary, Citadel and Robinhood all have conflicts of interest and financial ties to Melvin lol, THE RIDE NEVER ENDS.

[PorkChopSandwiches]

By Lucas Manfredi | FOXBusiness


Could American Airlines' stock become the next GameStop? Reddit users believe it may be possible.

American Airlines surged more than 10% on Wednedsay morning after one discussion on Reddit's WallStreetBets forum posed the question, "AAL next GME?"

"Thoughts? AAL majorly shorted when all the other airlines aren’t," one user wrote. "Let’s get this bread wsb!!" (wsb stands for “r/wallstreetbets” a forum or “subreddit” on the popular social platform Reddit, where the discussion centers around investing -- especially speculative investing).


I sure hope so, I have a lot of it sitting here sucking balls cuz of covid. I could use the bump :lol:

[PorkChopSandwiches]

Pelosi said Congress will investigate Gamestop and now everybody's panicking.

Did you sell this morning when it was at $450

[FBD]

StupidMinotaur
@StupidMinotaur
·
16m
Replying to
@disclosetv
What are the three zero-fee platforms that have Citadel execute their trades (the firm with the most to lose from $GME trading)?

Robinhood, Schwab and TD Ameritrade

What platforms halted $GME trading today?

Robinhood, Schwab and TD Ameritrade

[FBD]

https://twitter.com/LJMoynihan/status/1354836830169006081

https://chapmanalbin.com/investor-alerts/robinhood-class-action/

The securities arbitration and class action law firm of ChapmanAlbin LLC announced today that it is investigating claims on behalf of Robinhood users that were affected and suffered losses as a result of investing in Gamestop or AMC through the Robinhood brokerage platform.

“Just a month ago, the Massachusetts securities regulators filed a lawsuit against Robinhood for aggressive, dishonest marketing practices geared toward inexperienced investors,” says Philip Vujanov, an attorney at ChapmanAlbin. “Now, Robinhood appears to be up to the same old tricks, recruiting social media influencers to encourage individuals to sign up and fund a Robinhood account and beginning purchasing shares of securities such as Gamestop and AMC, with no consideration as to the suitability of the purchases. To make matters worse, Robinhood proceeded to place trading restrictions on the securities just a day later.”

ChapmanAlbin has helped investors, worldwide, recover millions of dollars in savings invested in fraudulent investment schemes or lost due to the misconduct of broker-dealers or financial advisors.

If you wish to discuss this announcement, please contact Attorney Philip Vujanov of ChapmanAlbin LLC at contact@chapmanlegal.com

[DemonGeminiX]

Did you sell this morning when it was at $450

I didn't get any at all. I put it in the pie but it didn't go through. :(

I probably fucked it up somehow.

[FBD]

:lol:

https://thumbs.gfycat.com/DenseCalmGosling-mobile.mp4

https://i.imgur.com/PD9w4xU.png

https://i.imgur.com/tUYvYax.jpg

[Teh One Who Knocks]

1354848771184750598

[brah pitt]

holding a few positions, but it felt like mainly doggy after today lol..

[Godfather]

1354848771184750598



I love Dave :lol: And I love how everyone I follow online universally supports this movement and says fuck the hedge funds, fuck wallstreet, and fuck Robinhood :lol:

Who'd have thought that so much unity and agreement could rise up from the retards at wsb.

[DemonGeminiX]

https://www.youtube.com/watch?v=n7DpHv3oQW0

[brah pitt]

http://i.imgur.com/sYAnB9c.png

[Godfather]

Robinhood has been shady for a long time. First they sell your trading data to wallstreet to let the algos front run you (this is well documented, not a conspiracy theory), and now this shit. Don't use this fucking platform.

[DemonGeminiX]

Robinhood has been shady for a long time. First they sell your trading data to wallstreet to let the algos front run you (this is well documented, not a conspiracy theory), and now this shit. Don't use this fucking platform.

I'm using M1 Finance, but it's more of a buy and hold long term platform. I can't decide on an active trading platform and it looks like all the good ones are involved in the shady shit going on around these stonks.

[brah pitt]

http://i.imgur.com/eFTp2U1.png

[brah pitt]

https://thumbs.gfycat.com/OblongWiltedEasternglasslizard-mobile.mp4

[Teh One Who Knocks]

By Paul Bois - The Daily Wire


https://i.imgur.com/MvZ7qfJl.jpg

WallStreetBets, the famed Reddit board that drove up GameStop’s stock as a hit against Wall Street hedge fund managers engaged in short selling, has itself not one, but two big-name billionaire allies. After Tesla founder Elon Musk championed the cause on Twitter, billionaire Mark Cuban celebrated the movement while accusing its detractors of hypocrisy.

In a tweet on Thursday, the “Shark Tank” star cheered WallStreetBets for “giving the little guy an edge.”

“I got to say I LOVE LOVE what is going on with #wallstreetbets. All of those years of High Frequency Traders front running retail traders, now speed and density of information and retail trading is giving the little guy an edge. Even my 11 yr old traded w them and made $,” he tweeted.
1354613692239925249
Appearing on CNBC’s “Squawk Box” on Thursday, Cuban argued that WallStreetBets engaged in the same kind of behavior as any brokerage firm.

“How is this any different than what every brokerage firm does?” Cuban asked.

“As someone who’s shorted stocks many times … you know exactly what you’re getting into, and you know exactly what the risks are,” he later added.

Cuban also argued that hedge fund managers were upset that “normal suspects” were not the ones targetting the shorted stocks.

“It’s not the first time that low float or heavily shorted stocks have been targeted,” he later added. “It’s just very visible, and it’s just not the normal suspects that are doing the targeting. … That’s why I like it.”

Going forward, Cuban hoped that these types of grassroots investing movements will target good companies or smaller fledgling companies with good mission statements to “help them grow.”

https://www.youtube.com/watch?v=EhZZnVs-KM4

People on social media, however, expressed dismay over Cuban’s enthusiasm, fearing that these types of investing movements could create market instability.

“It’s entertaining, but not good. Market stability is critical to public trust. Pensions, 401’s, and common investors might not be hurt by it today because they aren’t in shorts, but this kind of market manipulation undermines confidence. If you mean we need better regs – I agree,” said one Cuban follower.

“Dear Mark, pls see Rule 10(b) of the SEC act of 1934… we all root for the little guy, but coordinating essentially DDOS attacks to gamma squeeze short sellers is not legal… even if we do love the outcome…” responded another.

“I can’t believe you’re saying this. I think the market needs a better guidebook for trading & shorting, but not this way. Being entertaining is great but do you really believe this will benefit retail investors at the end?! Question your intelligence now!!!!” responded another.

Needless to say, the GameStop surge has created an opportunity for some strange bedfellows, where conservatives, populists, socialists, Trump supporters, and anti-Trumpers have formed an unusual coalition wherein they seem to agree that Wall Street had it coming. Shortly after the stock trading app Robinhood halted all trades on the GameStop (GME) stock, Rep. Alexandria Ocasio-Cortez (D-NY), Sen. Ted Cruz (R-TX), and Donald Trump Jr. were all in agreement that something criminal may have taken place.

[FBD]

https://i.imgur.com/0LmPf3G.png

[FBD]

https://i.imgur.com/3lWStk8.png

[PorkChopSandwiches]

Yeah google is removing negative reviews and low stars...wtf

[brah pitt]

i like this stock

[DemonGeminiX]

https://www.youtube.com/watch?v=6qGUDuU9uEw

[Godfather]

https://www.youtube.com/watch?v=lS3zKR3t3Qs

[brah pitt]

http://i.imgur.com/dwzbiAw.png

[Teh One Who Knocks]

https://i.imgur.com/q1nxGl7l.jpg

[FBD]

next stop, silvertown

https://silverseek.com/article/silver-shorts-last-stand

https://www.commoditytrademantra.com/silver-trading-news/concentrated-comex-silver-shorts-greatest-lie-in-history-of-market-regulation/

nevermind fucking hedgies, let's fuck the big boys this time :evil:

(still fuck the hedgies, tho)

[Godfather]

I'm very uneasy about Silver (unless you're buying physical silver). WSB is saying don't fall for this recent hype, it's a coordinated distraction. I am not buying SLV or PSLV tomorrow, I'll sit on the sidelines for those. Diamond hands on AMC and GME though!

https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/


If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are.

By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME �� �� �� �� �� The hedge funds are LONG silver NOT short silver.

The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in.

If you are looking for alternative investments to GME, I’d recommend simply getting in on the $BANG GANG- Blackberry, AMC, Nokia, and GME.

For the feds and the media and all the dumb people reading this, I am the last thing from a financial advisor and am a complete, 100%, full retard autist.

BANG GANG CHEEEEEEEHOOOOOOOOO

Edit: I am not talking down on silver as an investment, I am not saying it's not a good hedge, I'm not saying anything bad about silver in any form. I'm simply pointing out that right now, this "squeeze" that all these people are referring to is definitely not a "squeeze" at all and is an artificial hedge-fund driven attempt to reduce the GME momentum and we should all be cognizant of the media manipulation and happening everywhere including right here. For all you that want to buy silver, great, buying the bullion directly in my humble autistic opinion is better than shares in a fund that supposedly buys it but don't trust some autist on the internet. BANG GANG

Edit #2: Fellow autists, we have ascended to the #2 post on all of reddit. Our $GME gains this week and beyond will carry us to the gates of Valhalla. Look to your left, now look to your right, these are your brethren and sisterthren who will diamond hands with you until we all pass down these tendies to our children's children. Onward.


Forgive the typical WSB speak but you get the picture :lol:

[Godfather]

I might buy this SPAC tomorrow, IPOE. Chamath Palihapitiya is a smart dude, it's very interesting stuff. One of the start-ups in the fund that they're taking public is Social Finance (SoFi) which could be a strong direct competitor to those scumbags at Robinhood.

[DemonGeminiX]

I'm very uneasy about Silver (unless you're buying physical silver). WSB is saying don't fall for this recent hype, it's a coordinated distraction. I am not buying SLV or PSLV tomorrow, I'll sit on the sidelines for those. Diamond hands on AMC and GME though!

https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/



Forgive the typical WSB speak but you get the picture :lol:

I feel you. If I'm putting money down for a physical asset, I want that asset in my hand. That being said, I checked earlier at JM Bullion and APMEX and it looks like standard bullion coins are sold out right now.


I might buy this SPAC tomorrow, IPOE. Chamath Palihapitiya is a smart dude, it's very interesting stuff. One of the start-ups in the fund that they're taking public is Social Finance (SoFi) which could be a strong direct competitor to those scumbags at Robinhood.

https://www.npr.org/2020/12/29/949257672/the-spectacular-rise-of-spacs-the-backwards-ipo-thats-taking-over-wall-street

That is interesting. I've never heard of SPACs before. I learned something new today.

[PorkChopSandwiches]

I feel you. If I'm putting money down for a physical asset, I want that asset in my hand. That being said, I checked earlier at JM Bullion and APMEX and it looks like standard bullion coins are sold out right now.



https://www.npr.org/2020/12/29/949257672/the-spectacular-rise-of-spacs-the-backwards-ipo-thats-taking-over-wall-street

That is interesting. I've never heard of SPACs before. I learned something new today.

I was on JM Bullion this weekend trying, everything they do have is way overpriced

[DemonGeminiX]

The peeps on the Wallstreetbets reddit is telling everybody to NOT buy silver. The call to buy silver was a ploy to trick people into buying so that the hedge funds could get their money back off of puts.

[brah pitt]

Sundial

[Godfather]

I've been burned on some weed stocks, is that one a winner you figure?

[Godfather]

https://www.youtube.com/watch?v=I2hfWWEFIXM&feature=emb_title

This Robinhood CEO is SO full of shit. Hard to even listen to.

[PorkChopSandwiches]

Uber Technologies Inc. said it reached a deal to buy alcohol-delivery service Drizly for $1.1 billion in stock and cash, signaling the company's ambitions to provide a wider range of items to consumers' doorsteps.

Uber's core ride-hailing business has been hammered by the coronavirus pandemic and delivery has become its lifeline. Last year, Uber acquired food-delivery rival Postmates Inc. in a stock deal valued at $2.65 billion.

$56.897 +4.137 (+7.84%)

Over all up 38.65% for me since I purchased on 05/15/2019

[Godfather]

I must've got in just behind you, I'm up about 32% since I bought Uber. Almost dumped it at the height of the pandi but glad I held now.

[PorkChopSandwiches]

Kohls (KSS) is up 7.79% today. I bought this on 6/16/20 and its currently up 103% for me :dance:

[Godfather]

Damn, that would've been a good one to jump on when things bottomed out in April.

[PorkChopSandwiches]

Wow SQ is up another 9% today pushing my initial investment up to 473%

[PorkChopSandwiches]

https://youtu.be/_KSD5gnlwu4

[PorkChopSandwiches]

Also DASH up 14% today

I bought SNDL today, looks like reddit may run it up. Guess we will see

[Godfather]

Tilray too, weed stocks worry me though, I've only ever been burned on them ('scuse the pun) :lol:

[FBD]

my buddy just bought some of that yesterday

[PorkChopSandwiches]

AND its down 42% :lol: Glad I didn't put much into it
Square is up another 3.3% today
Once this bitch hits 300 its LAMBO time :rofl:

[FBD]

:lol:

[Godfather]

:lol: Meme stocks are dead. What now?

[Godfather]

A Pennystock forum I read was pumping $HCMC last week.

The stock is a joke, I'm 99.9% sure it's a scam, their share structure is ugly as sin...They have a patent infringement lawsuit going on with Philip Morris which is truly the only thing they have going for them. Folks think they're going to cash in big-time on this lawsuit, but that could take months or longer.

It very well might be a P&D, but it was trending when I looked at the most referenced Reddit stonks here:https://www.stock-rockets.com/

So I bought it and it's up 160% since :rofl: I should run away but I'm too stupid to quit. When you hold 100,000 shares and it's up 150% in a week, it's hard not to dream of lambos.

[FBD]

let us know what color you're getting :lol:

[PorkChopSandwiches]

A Pennystock forum I read was pumping $HCMC last week.

The stock is a joke, I'm 99.9% sure it's a scam, their share structure is ugly as sin...They have a patent infringement lawsuit going on with Philip Morris which is truly the only thing they have going for them. Folks think they're going to cash in big-time on this lawsuit, but that could take months or longer.

It very well might be a P&D, but it was trending when I looked at the most referenced Reddit stonks here:https://www.stock-rockets.com/

So I bought it and it's up 160% since :rofl: I should run away but I'm too stupid to quit. When you hold 100,000 shares and it's up 150% in a week, it's hard not to dream of lambos.

At least get your initial investment back and play on their money

[Godfather]

At least get your initial investment back and play on their money

Ya with these crummy pennystocks I'll usually cash out my investment at a 60-80% gain. I think the experts say to do it even sooner but I'm stubborn.

[PorkChopSandwiches]

Wow only 3 of my 31 stocks today aren't negative :sad:

[DemonGeminiX]

Wow only 3 of my 31 stocks today aren't negative :sad:

So 28 of your stocks are on sale then?

[PorkChopSandwiches]

Yeah, but I dont have any cash in my account to buy anything today :lol:

[FBD]

:lol:

[brah pitt]

today was brutal

[brah pitt]

http://i.imgur.com/NqR0hUF.jpeg

[DemonGeminiX]

http://i.imgur.com/NqR0hUF.jpeg

Investor psychology. Stock prices go up because people buy the stock. The question is what triggers people to buy certain stocks at certain times? Stock prices go down because people sell their stock. What triggers people to sell certain stocks at certain times? Of course, that's oversimplifying. There are other forces at work in the market like Billionaires and Hedge Funds that can make or break a company in one fell swoop. However, if we could lump them in as cases and get a handle on those two questions, we'd all be billionaires.

[Teh One Who Knocks]

The question is what triggers people to buy certain stocks at certain times?

:triggered:

[brah pitt]

im all red this morning except for 1.

[brah pitt]

https://thumbs.gfycat.com/TatteredFrailChimneyswift-mobile.mp4

[PorkChopSandwiches]

I'm down 6,500 today :sad:

[brah pitt]

you boys see GME and AMC???? INsane

[brah pitt]

reddit down

[Godfather]

Meme stocks are going to have a day tomorrow :lol:

[PorkChopSandwiches]

you boys see GME and AMC???? INsane

100% yesterday and 44% today :lol:

[brah pitt]

http://i.imgur.com/KTiJBPo.jpeg

[PorkChopSandwiches]

For real
I'm still bull on SQ, but I have lost a shit tone over the last 2 weeks.

[brah pitt]

For real
I'm still bull on SQ, but I have lost a shit tone over the last 2 weeks.

since 2/24, down 5k

[PorkChopSandwiches]

Feb 16th it closed @ 276 today its @ 225. I have 443 shares
Im down 22k in that period :(
Luckily it was all gains, I haven't gone below my purchase prices at all. My first buy was at 45.75 and my highest buy was 198
I still think it will pass 300 in the long run

[brah pitt]

Feb 16th it closed @ 276 today its @ 225. I have 443 shares
Im down 22k in that period :(
Luckily it was all gains, I haven't gone below my purchase prices at all. My first buy was at 45.75 and my highest buy was 198
I still think it will pass 300 in the long run

It's rough out there right now.


I'm looking for some deals to pick up

[PorkChopSandwiches]

Ill likely get more SQ :lol:

[brah pitt]

Ill likely get more SQ :lol:

@ 2:30 GME took off. Stock is crazy.

[PorkChopSandwiches]

That ones to crazy for me LOL

[Teh One Who Knocks]

I've been ignoring my IRA brokerage account. Going to start putting money back in it monthly and start paying attention to it. I just wish I could get rid of the worthless stocks in my portfolio. All of them were just speculative 'penny stocks' that I bought back in the day. A good share of them are probably defunct by now, as evidenced that the stock symbols are numbers now.

[brah pitt]

http://i.imgur.com/RCjowH3.jpeg

[Godfather]

I've been ignoring my IRA brokerage account. Going to start putting money back in it monthly and start paying attention to it. I just wish I could get rid of the worthless stocks in my portfolio. All of them were just speculative 'penny stocks' that I bought back in the day. A good share of them are probably defunct by now, as evidenced that the stock symbols are numbers now.

You should still be able to sell even if only for $1 or $0.01 through your brokerage. I would if there's no prospect of them bouncing back and you're sick of those stocks sitting there laughing at you (been there) :lol:


If you sell them at a loss you can use that loss on your tax return as capital losses, which will benefit you more than holding worthless stocks.

Forgive me if I sound like I'm pandering but it works like this: You buy Stock X for $500 and sell for $1,000. That is a $500 capital gain which you pay tax on. But say that year (or in Canada, over a 3-year time) you also bought Stock Y at $300 and sold it for $100, for a $200 capital loss. That $200 loss from Stock Y would help offset the tax you owe on your $500 capital gain from Stock X. Now the math gets a little complex because of inclusion rates (no idea how those work in the US) so I don't think it's a straight "$500-$200=$300 taxable" calculation, it's a 50% inclusion rate right now in Canada, but it'll still help reduce your taxes.

You also can't actually use a capital loss to deduct from other income (i.e. If you make $50,000 but lose $1000 on the stock market, you don't get to deduct the stock loss from your income tax), but using capital losses against your capital gains from better investments is pretty straightforward.

[brah pitt]

Disney parks are fully opening 4/1

Stock is $189

Buy or not to buy $DIS

[DemonGeminiX]

Disney parks are fully opening 4/1

Stock is $189

Buy or not to buy $DIS

I would assume Disney's a solid buy with or without the parks, since they've acquired Marvel and Star Wars. Fans (like me) have flocked to their streaming platform.

However, if they reopen their parks and get blamed for a Covid outbreak, they could tumble.

Maybe better to buy an ETF that has DIS in it?

[brah pitt]

I would assume Disney's a solid buy with or without the parks, since they've acquired Marvel and Star Wars. Fans (like me) have flocked to their streaming platform.

However, if they reopen their parks and get blamed for a Covid outbreak, they could tumble.

Maybe better to buy an ETF that has DIS in it?

excellent advice!

[PorkChopSandwiches]

Disney parks are fully opening 4/1

Stock is $189

Buy or not to buy $DIS

I picked up DIS at $137

[Teh One Who Knocks]

You should still be able to sell even if only for $1 or $0.01 through your brokerage. I would if there's no prospect of them bouncing back and you're sick of those stocks sitting there laughing at you (been there) :lol:


If you sell them at a loss you can use that loss on your tax return as capital losses, which will benefit you more than holding worthless stocks.

Forgive me if I sound like I'm pandering but it works like this: You buy Stock X for $500 and sell for $1,000. That is a $500 capital gain which you pay tax on. But say that year (or in Canada, over a 3-year time) you also bought Stock Y at $300 and sold it for $100, for a $200 capital loss. That $200 loss from Stock Y would help offset the tax you owe on your $500 capital gain from Stock X. Now the math gets a little complex because of inclusion rates (no idea how those work in the US) so I don't think it's a straight "$500-$200=$300 taxable" calculation, it's a 50% inclusion rate right now in Canada, but it'll still help reduce your taxes.

You also can't actually use a capital loss to deduct from other income (i.e. If you make $50,000 but lose $1000 on the stock market, you don't get to deduct the stock loss from your income tax), but using capital losses against your capital gains from better investments is pretty straightforward.

You can't sell stock from a defunct company :nono:

[PorkChopSandwiches]

You can't sell stock from a defunct company :nono:

Yeah, I wish I could get those off my portfolio too. I'm going to message etrade and see what they say

[Teh One Who Knocks]

Yeah, I wish I could get those off my portfolio too. I'm going to message etrade and see what they say

I have several penny stockys I took a flyer on that don't trade anymore. Let me know what they say because I'd like to make them go away too.

[Godfather]

I think my bank would buy them for $0.01 to get them off my books. I think there's a form of some kind for worthless/valueless securities.

There's a long article about it here, but I believe there are a few possible avenues to get rid of them so you can claim the loss: https://ca.rbcwealthmanagement.com/documents/1435520/1435536/Claiming_losses_on_worthless_securities_06122018_h igh.pdf/f086e8ef-2463-4bb1-b25f-4a73c7dbbe05

[PorkChopSandwiches]

I have several penny stockys I took a flyer on that don't trade anymore. Let me know what they say because I'd like to make them go away too.

This is what E-Trade stated

https://us.etrade.com/e/t/estation/WorthlessSecurities



By making this request, you agree to relinquish the shares of these worthless securities permanently, along with any future entitlements afforded thereof. Please be aware that there is a $5 fee for each worthless security transaction. This must be completed before December 31 of this year for the transaction to be counted for the current tax year. A Trade Confirmation will be generated, which can be found on our website by going

[Teh One Who Knocks]

I'm on TD Ameritrade but I'm gonna assume it's probably similar. I'll check it out.

[Godfather]

Market was shit hot today.

I need a crystal ball. I'm really anticipating a correction, just feels like we're long overdue and the market hasn't aligned with the rest of the world for quite some time... but when does one cash in some gains?

[PorkChopSandwiches]

I wish I took gains about 35k ago :lol:

[FBD]

https://i.imgur.com/rZHc8L8.jpg

[brah pitt]

Curious to see what the meme stocks will do this week.

I was going to jump on Roblox DPO, but decided to wait a little.

[Godfather]

Curious to see what the meme stocks will do this week.

I was going to jump on Roblox DPO, but decided to wait a little.

Me too, their financials don't support this $45b valuation, but I have to keep reminding myself that this doesn't seem to matter anymore :lol:

Honestly it's sort of the perfect stock for this market... basically children's gambling. Like the drunken baby brother of GME.

[PorkChopSandwiches]

<blockquote class="reddit-card"><a href="https://www.reddit.com/r/wallstreetbets/comments/m55a38/stimmmyyyy/">STIMMMYYYY!!!!</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>..

[brah pitt]

Me too, their financials don't support this $45b valuation, but I have to keep reminding myself that this doesn't seem to matter anymore :lol:

Honestly it's sort of the perfect stock for this market... basically children's gambling. Like the drunken baby brother of GME.

GME took a little dip today, but AMC hit $14.XX. This will be a very interesting week.

[brah pitt]

http://i.imgur.com/iRKpwhF.gif

[PorkChopSandwiches]

<blockquote class="reddit-card" data-card-created="1617035894"><a href="https://www.reddit.com/r/wallstreetbets/comments/mfro72/how_im_feeling_right_about_now/">How I'm feeling right about now</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
:beatdown:

[Godfather]

I love that hedge funds clearly show when they implode that they're throwing darts the same way that we are, just on way different scales :lol: Guess all you really need to be a hedgy is the ability to raise capital and one good year to back it up.

[Teh One Who Knocks]

Robinhood Trader May Face $800,000 Tax Bill (https://www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/)

:shock:

[PorkChopSandwiches]

You fucked up now

[FBD]

he had $1.4M in capital gain income so how do they calculate that, if you make a profit you owe taxes on it but if you never cash it and lose all that profit, then fuck off you still owe taxes on "winnings"?

and isnt capital gains taxed at less of a rate than that, I thought it was like 15% or something, not 55%

[Godfather]

so how do they calculate that, if you make a profit you owe taxes on it but if you never cash it and lose all that profit, then fuck off you still owe taxes on "winnings"?

and isnt capital gains taxed at less of a rate than that, I thought it was like 15% or something, not 55%

If you never cash in and continue to hold the stock, you don't owe taxes on anything except dividends (if that stocks pays them). For example if I buy a stock in 2019 and it's up 100% in 2020 but I just keep holding, I report nothing at all about it on my taxes, except the dividends. It's only when you sell that you report gains or losses.

If you cash out at a gain, you do owe capital gains tax but that varies based on where you live so I'm not sure there but I think it's comparable to your income tax rate... you can offset your gains with losses but not at a 1:1 ratio :lol: The government it too sly for that, your losses only count at about half the rate of offsetting your gains for taxable purposes (depending again on where you live from my understanding).

[Teh One Who Knocks]

https://i.imgur.com/txn6HOz.png

So it sounds like his capital gains, since they are short term instead of long term, would be taxed at the highest income tax bracket which is 37%

https://i.imgur.com/mF6teiZ.png

[PorkChopSandwiches]

Bought QFIN this week

[DemonGeminiX]

Coinbase is supposedly going public next week.

[Godfather]

Coinbase is supposedly going public next week.

The make absolute bank. Run rate of $7.2bn rev and $3bn NI.

I'll probably hop on the IPO at open if I can figure out the price that goes live. I think it should rocket.

[DemonGeminiX]

Just in case

https://www.marketwatch.com/tools/ipo-calendar

I open this webpage at least 3x a week.

[PorkChopSandwiches]

Yeah I can imagine coinbase will do very well

[DemonGeminiX]

Various estimates and predictions have Coinbase debuting tomorrow afternoon at around $400 per share.

[Teh One Who Knocks]

Various estimates and predictions have Coinbase debuting tomorrow afternoon at around $400 per share.500 Quatloos on the newcomer!

[brah pitt]

Various estimates and predictions have Coinbase debuting tomorrow afternoon at around $400 per share.

You were pretty close, it opened at $381.

[Godfather]

Closed 14% down, glad I stayed on the sidelines for this one.

The regular Coinbase employees all got 100 bonus shares each today apparently. Good day for them....

[PorkChopSandwiches]

I bought some today at 335

[FBD]

If you like your market, you can keep your market

https://www.zerohedge.com/political/biden-plans-capital-gains-tax-hike-help-finance-15-trillion-human-infrastructure-package

[PorkChopSandwiches]

Oh boy

[FBD]

https://i.imgur.com/usA8Etv.jpg

/continues to stack

[PorkChopSandwiches]

I went from being up 6k for the day an hour ago to 600

[PorkChopSandwiches]

now -333

[PorkChopSandwiches]

-1631

[FBD]

ow, damn

[PorkChopSandwiches]

fuck you Biden! :lol:

[DemonGeminiX]

Wait, which stock are we watching here?

[PorkChopSandwiches]

That was just my entire portfolio, they whole thing took a shit after the "leak"

[PorkChopSandwiches]

I bought NVDA today :tup:

[Teh One Who Knocks]

I've started putting cash back into my IRA investment account and I'm close to $500 available. What is something I should look at buying into, possibly short term until I build up the cash reserves more? :-k

[PorkChopSandwiches]

I bought QFIN at the beginning of the month, its up 12.5% as of today

I still think SQ is good to at least 300


Safer bet would be QQQ
https://us.etrade.com/etx/mkt/quotes?symbol=QQQ#/snapshot

Its an investment in the top 100 NASDAQ stocks. Has a great record

[Teh One Who Knocks]

I bought QFIN at the beginning of the month, its up 12.5% as of today

I still think SQ is good to at least 300


Safer bet would be QQQ
https://us.etrade.com/etx/mkt/quotes?symbol=QQQ#/snapshot

Its an investment in the top 100 NASDAQ stocks. Has a great record

QQQ is currently trading at $339/share....I could buy one share :lol:

[PorkChopSandwiches]

QQQ is currently trading at $339/share....I could buy one share :lol:

Yeah but one share that goes up 20% in a year is better then 100 shares of something that goes down :dance:
The upside is you are spread over 100 stocks, so if a few take a dive it has minimal effect

[PorkChopSandwiches]

I bought 1 share of google in 2016 because it was $701 and that's all I could afford. Now its up 238% at $2405

[Godfather]

I bought 1 share of google in 2016 because it was $701 and that's all I could afford. Now its up 238% at $2405

I've got a couple stocks like that... like 1 share of Amazon that's up some insane amount :lol: So my question is, what do you do?

Feels dumb to cash in, amazon isn't going anywhere even if the market crashes. Also feels dumb to buy more at these prices. Guess you just sit and proudly stare at that one piddly share trying to decide if you should piss of get off the pot until you retire? :lol:

[PorkChopSandwiches]

I've got a couple stocks like that... like 1 share of Amazon that's up some insane amount :lol: So my question is, what do you do?

Feels dumb to cash in, amazon isn't going anywhere even if the market crashes. Also feels dumb to buy more at these prices. Guess you just sit and proudly stare at that one piddly share trying to decide if you should piss of get off the pot until you retire? :lol:

:lol: Thats kinda where Im at

[deebakes]

porky and godfather: if i give you $100 and you make it $1,000,000, i will give you 1% :tup:

[PorkChopSandwiches]

I haven't done that yet

[DemonGeminiX]

:-k

What's the next Gamestop?

[Teh One Who Knocks]

:-k

What's the next Gamestop?Gamestop 2, Electric Boogaloo

[DemonGeminiX]

Gamestop 2, Electric Boogaloo

:lol:

You jerk.

[Teh One Who Knocks]

:dance:

[PorkChopSandwiches]

:-k

What's the next Gamestop?

IDK wallstreetbets is garbage now

[DemonGeminiX]

How do we convince rich people to dump money into a cheap stock to drive its price up, after we've put our money into it so we can ride the wave to millions?

:-k

[Teh One Who Knocks]

How do we convince rich people to dump money into a cheap stock to drive its price up, after we've put our money into it so we can ride the wave to millions?

:-k

Befriend Elon Musk.

[Godfather]

AMC was shit hot today. I'm in at an average of $17, might take some gains at this point.

[brah pitt]

AMC was shit hot today. I'm in at an average of $17, might take some gains at this point.

I've been waiting for this to happen since January.

I have 1,000 shares and my avg. price is $10 and Im going to hold till Tuesday. They are doing a stock count and that could make this go even higher. Good luck.

[PorkChopSandwiches]

I've been waiting for this to happen since January.

I have 1,000 shares and my avg. price is $10 and Im going to hold till Tuesday. They are doing a stock count and that could make this go even higher. Good luck.

Solid, get it

[PorkChopSandwiches]

I bought NVDA today :tup:


I bought QFIN at the beginning of the month, its up 12.5% as of today



NVDA is up 4.58% for me so far, but I seemed to have bought at the high and it dropped about 10%, so I recovered the 10% and up 4.5 not bad :lol:
QFIN jumped another 16.65 today so far, Im up 33% since 4/5/2021

[brah pitt]

Solid, get it

Today was a good day.

Ice cube.gif

[PorkChopSandwiches]

Said fuckit and bought AMC today at 42.59 its up 46% to 62.48 :dance:

[PorkChopSandwiches]

I got in late, its up 95% for the day

[PorkChopSandwiches]

Ended at around 46%, see what tomorrow holds

[brah pitt]

im pretty fuct up right now... cele brating.

Some dude on twitter was saying AMC by next week $280


this was me todaty

https://i.imgur.com/OurUOtU.png
greatest day ever

[brah pitt]

also, look at $GTT

[brah pitt]

Ended at around 46%, see what tomorrow holds

pre-market looking juicy

http://i.imgur.com/Bquwc23.png

[brah pitt]

also, that volume

http://i.imgur.com/PxUAoI9.png

[PorkChopSandwiches]

im pretty fuct up right now... cele brating.

Some dude on twitter was saying AMC by next week $280


this was me todaty

https://i.imgur.com/OurUOtU.png
greatest day ever

:dance:

[PorkChopSandwiches]

SNDL is up 20% today. Its only 1.36 if you want to get into something inexpensive

[FBD]

https://www.zerohedge.com/markets/sec-launches-review-high-frequency-traders-market-abuses

SEC Launches Review Of High-Frequency Traders' Market Abuses


Nearly 8 years have passed since Michael Lewis published "Flash Boys", raising awareness of the relatively new practice of high-frequency trading and its transformative impact on markets, allowing the most technologically-advanced traders to effectively see a picture of the market that's nanoseconds ahead of what their non-NFT peers see, giving them a massive advantage.

Now, the SEC is finally considering changing the rules of how stocks are priced and traded to stop exchanges from incentivizing brokers (nowadays, particularly retail trading brokerages that have seen an explosion of activity in the past couple of years).

The news has slammed shares of HFT market-makers including those of Virtu, the biggest electronic market-maker. Citadel, the hedge fund that has a separate market-making business that purchases order flow from Robinhood, also could be hurt by the new rules.


A few months ago, after Robinhood and its rivals cut off trading in Gamestop, prompting the stock to crater (as thousands of furious GME bulls claimed), we explained how Robinhood receives payment from Citadel and a handful of other major HFT market makers allowing them to front-run retail order flow and guarantee profits. In fact, one could argue that this relationship makes Robinhood a de facto subsidiary of Citadel.

The surge in meme stocks has benefited Robinhood by helping it pocket millions more from selling orderflow to Citadel, Virtu, Two Sigma, Wolverine and other HFT frontrunning "market-making" venues, as well as Citadel which made billions by having an advance look at the biggest surge in retail stock and option orders flow in history, and being able to trade ahead of and around it.


But longtime readers of Zero Hedge should remember that our coverage of the SEC's efforts to rein in HFT's abusive market practices dates back a decade.

In 2014, SEC Commission Chairman Mary Jo White unveiled a sweeping set of initiatives Thursday to address mounting concerns about the impact of computer-driven trading on the stock market, including proposals that would extend oversight of high-frequency traders and dark pools.

Little came of this, and the efforts were shelved during the Trump Administration, until today, when Biden's SEC chairman Gary Gensler revealed that the agency is planning to propose new rules during an industry conference on Wednesday. During his talk, Gensler offered a broader explanation of market structure than he had previously described. Gensler, who took over the SEC in April, has previously questioned the system that results in many individual investors’ orders being routed to large broker-dealers known as wholesalers, such as Citadel Securities and Virtu Financial instead of first being reported to public exchanges, where the orders are recorded and made public.

"The question is whether our equity markets are as efficient as they could be, in light of the technological changes and recent developments," Mr. Gensler told the Piper Sandler Global Exchange and FinTech conference.

Speaking on CNBC Wednesday afternoon after the news broke via WSJ, Chairman Gensler discussed the dangers of "gamification" and also explained why payment for order flow "is not free trading". "Somebody is paying for your or my order flow...it is zero commission...but not necessarily free."

All of this is coming at a particularly sensitive time for Robinhood, which is set to IPO in July. The company could be worth up to $40 billion, according to Bloomberg Intelligence.

https://cms.zerohedge.com/s3/files/inline-images/Tweet 1_0_0.png

If the SEC does crack down on payment for order flow like Gensler suggests, what would become of Robinhood's business model, which is completely based on payment for order flow and using "gamification" to encourage traders to trade as much as possible?

Traders who are curious to learn more about these pitfalls should try consulting this classic report from ConvergEx about its all-encompassing "Traders Guide to Global Equity Markets".

[PorkChopSandwiches]

this is why its "free" Its not a secret
that being said, fuck rh

[FBD]

HFT in general is ridiculous and should be eliminated, we'll know if they ever get un pozzed by if they curtail HFT or not

[PorkChopSandwiches]

It should be illegal for sure

[brah pitt]

http://i.imgur.com/BHC19le.jpeg

[PorkChopSandwiches]

QFIN has been kicking ass up over 70% since I bought it 2 months ago

[PorkChopSandwiches]

Hitting some good numbers today

https://i.imgur.com/u8Ai9NV.png

[brah pitt]

lots of green

[Godfather]

QFIN has been kicking ass up over 70% since I bought it 2 months ago

'360 Digitech' based in China. Sounds fake as fuck but can't argue with 70% :lol:

[PorkChopSandwiches]

:lol:

[FBD]

https://i.imgur.com/pbSh0gK.jpg

[brah pitt]

https://i.imgur.com/pbSh0gK.jpg

http://i.imgur.com/ufftTed.gif

[PorkChopSandwiches]

I bought HOOD after the crashed IPO and its up 85% as of today :dance:

[PorkChopSandwiches]

I sold it just now at 61 up from 34 when I bought ;)

[Teh One Who Knocks]

https://i.imgur.com/T6Y1jar.png

:-k

[PorkChopSandwiches]

Robinhood, I hate the company. But figured I would take the gamble

[PorkChopSandwiches]

Annnd they halted trading due to volatility :lol: Got out just in time

[Teh One Who Knocks]

Just listened to the Dave Portnoy Show a little while ago. He said he was sick that the stock was doing so well. He REALLY hates Robinhood.

[PorkChopSandwiches]

I do too, but I like money more then hate. They are a garbage company IMO.

[Muddy]

Let me send you some money Porky and you use it to make me some money... I'll split the profits with you.

[PorkChopSandwiches]

LOL, I dont win all the time

[PorkChopSandwiches]

https://i.redd.it/rlxa6nr45lf71.jpg

[PorkChopSandwiches]

In the past 5 days SQ has shot up 13%. :dance: Its my biggest holding
My first purchase on 3.16.20 is currently up 516.18% :wank:

[Godfather]

I owned some Score media that got bought by PENN (barstool's owner, which I also own some of) today. Huge day, up 80% just today!!!!

[PorkChopSandwiches]

:shock:

[brah pitt]

When $AMC finally hits, Teh One Who Knocks

Let me cover all expenses for this site till we die

[Teh One Who Knocks]

When $AMC finally hits, Teh One Who Knocks

Let me cover all expenses for this site till we die

:tapfoot:

[PorkChopSandwiches]

You will wait forever