Official Investing Thread

Have to think a lot of funds will roll from GME to BB next week.

 

Boy, the feb calls I just bought sure hope so.

 

Or Polaroid or Walkman

 

No cost trading and the ever increasing information highway have completely changed the game. Fucking Reddit has the power of Blackstone

 

I died.

 

TIL: Sony is still making Walkman products.

https://www.sony.com/electronics/walkman-digital-music-players/t/walkman

 

I read somewhere that Sony has a deal with BB as well.

 

Already seeing people trying to pump AMC

 

Damn I was a week off with my AMC and PLTR calls

 

1 @ 2/19 13.00 here.

 

SNAP and FSLY waking up right before close.

I'm as hard as a diamond in an ice storm right now.

 

JMIA just making me rock hard today.

 

Photo finish, but it's Jumanji 25.24% by a nose over 25.06% Planters.

 

lol..the options room I follow tweeting a GME offering into existence.

 

They also have some ridiculous stash of patents too right?

 

pleeeeaase

 

50k to 11.2 million

What

 

Imagine having $50k

 

50k shares at just under $15. ~750k for the shares. 40k for the options. so just under 800k to 11.2 million. still an incredible gain on a ridiculous bet

 

What Enis said

 

This is definitely not my territory, thanks for the correction

 

He actually did start out with $50,000. He's bought and sold before

 

BB up 6% AH.

 

Is following reddit for stock picks good practice now?

I'm afraid to do it, but these gains are stupid

 

I think a good chunk of those shares came from options exercised that he sold enough of the options to pay for the shares.

 

So, like, we're talking you need at least 15k or more of play money to do what these guys on WSBs are doing, right?

 

Either that or total conviction into a winning play. The more you have, the more contingency is granted

 

can’t believe I’m gonna have to yolo into bb on Monday

 

I’ve been doing it for 8 months. Its all about momentum

 

You can still turn $500 into $1500 and then go from there. Money is money.

 

And to start doing that would be to start researching from the very basics I assume?

 

It definitely not easy or common to triple your money in a short amount of time. A lot of them are making more risky options plays that can go to zero.

 

is wsb who yall follow for tips on what to buy stock in?

 

Have you been using it for calls or equity?

 

3 days after saying no day trading, he’s already feeling the FOMO.

Lot of people going to lose their shirt.

 

i’m not getting into it i am just curious how everyone is finding out about these things. i am too much of a poor to daytrade

 

Both. Equity for high beta, derivatives for the more standard. Total inverse of what I learned in B school

 

B school probably didn’t tell you that a group of people who call each other retard and autistic would make you a nice chunk of change either.

 

The stock market universe rumor board has moved to r/WSB. yes. Market is way bigger than one stock, but it’s funny to sit on the sidelines and watch big cats Wall Street get buzz sawed by a bunch of internet nerds.

 

Eugene Fama, the Efficient Market Hypothesis, random walk theory. they had all the right answers for what happened 20 years ago.

 

I’m impressed that guy was able to stay in on that ride from 50k to 11 mil. I would’ve gotten off that train probably at 500k, 1M or any million after that. The balls (or stupidity) to ride freaking GameStop up to 220x with a real amount of money is insane

 

more gain porn from WSB. Says he bought today

 

So this person bought 98 shares or whatever for 11.95 each or 69.78? Eli5

 

I believe they bought 98 call options at a price of .0577 each ($5.77 per contract which controls 100 shares) and by the end of the day each was priced at 11.95, or $1195 per.

 

How much was expanded today on this person's behalf?

 

They turned $577 into $119,500