Official Investing Thread

Certainly a possibility, would draw a lot of public ire though

 

If it dips to 150 tomorrow I’ll probably buy

 

I have 0 in GME and this is my thinking

 

After all this attention it's hard to see this coming back down to earth tomorrow.

 

I feel like a sucker sitting over here making my money the FOMOless way.

 

Pissing off 4million Reddit autists during a pandemic seems like an awfully bad idea.

 

How it started:

How its going:

 

Really low IYAM. Cramer talked about it the other day. That sub is just a collection of individuals with no ties to each other other than posting there. If a bunch of folks posting “hey I like this stock, buy some” is against some rule, basically every finance chat room, discord etc would be breaking rules. I don’t think the SEC wants to get into defining all that

 

I just sold all my beanie babies and 1000 Benito Santiago rookie cards and put it all on Gamestonk

 

That video was awesome, Cramer started chanting “We like the stock” saying Reddit was saying that and then there was a Reddit thread where just 10s of thousands of people replied “WE LIKE THE STOCK”

 

Soooo you’re buying fractional shares?

 

I have to wonder how much money will be lost as a result of this GME run. Just in terms of people either holding onto it way too long, or them thinking this is just what happens to stocks consistently. I’m sure tons of WSB types will be chasing this forever.

 

Lost or transferred to the autists?

 

Absolutely. The attempts at recapturing this magic will cause the loss of millions.

 

I’m looking forward to the posts of people dumping 10k into leaps that will never happen.

 

I feel like this will be comparable to the guys who hit a 13 team parlay and tell the world about it but fail to tell anyone about the previous 100 parlays they lost lol

 

If GME opens above 200 tomorrow I am setting my stop for 200. That is a double on my couple shares.

 

Also, realistically how long can this last? Eventually it just tanks or at least hovers around a certain price for awhile right?

 

Probably not much now. Things are in motion that cannot be undone.100% they will write some unilateral reg to keep the capitalist class from taking another hit like this.

 

VW and Hertz are two good examples

 

Could take a minute with how many shares are shorted.

 

This week is highly likely to be the whole event. Friday at the latest I would guess. The VW “mother of all short squeezes” was like 4 days and back to normal.

 

That's too bad!

 

If SEC shuts down GME, I immediately expect WSB to target BB and AMC.

Hanging on to TRVN seems so boring right now

 

It's activist investing at the heart of all of this

Could be used for good

Could be used for evil

 

Just look at Tesla and Bitcoin. That's how long it can last.

Although Tesla and Gamestop are two companies going in opposite directions when you look at the actual business side of things.

 

Decided to wait and just throw more in on any dip tomorrow. If it doesn't dip I'll just settle on my meager but enjoyable gains.

I dont play with a lot of money, just enough to keep it fun and interesting.

 

Its no different than the rich assholes that do it all the time, its just out in the open and basically on speed

 

I know almost nothing about investing but this story is incredible to follow. I’ve learned so much about the stock market but the more I learn the more hesitant I am to buy a single stock.

 

Thats a really good explanation of what's going on and shorting in general. Also fuck the Mets

 

Cohen isn’t going to go bankrupt is he? Bc that would be incredible considering the Madoff situation

 

No, he'll be fine.

 

Agreed on all of this

 

This is no different than January 2018 crypto thread. The month that followed was... interesting.

 

So, when I pick up my PS5 on Thursday and go sell my PS4, will GameStop pay me in gold bullion?

 

lol no, I’ll get $6 in store credit

 

Eerily prophetic

 

Interesting sub-tweet here:

 

The AMC Stocktwits page just pumping out posts