Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Nah it's just how it goes. They don't have the fundamentals to back up the price being high
And it has begun.
People have lost nearly half their earnings over night while they slept.
People have lost nearly half their earnings over night while they slept.
I feel so bad for those who got into these meme stocks late and are left holding the bag.And it has begun.
I only invested what I could afford to lose. Got in late but didn't stay in long.
The thing is, and this is where me and @Coldchi didn't see eye to eye, the signs where there. I said in this very thread at least 3 times, "get out now!!!!" Cats were blowing me off like I'm new to this.
I am consistent with my position that you take your profits and reinvest 10%. People held on to their positions, in which they had every opportunity to sell, and played right into the hedge funds hands.
I even suggested/ advised bgol on getting AMC and GME put option contracts last week, some dudes said that was a bad play. Now, when the market opens at 9:30am, my calculated play will yield an entire year's salary.
I say all that to say, guys you have to be smart and not greedy. Make money, get out, reset, make another play.
If you can grab a put or two, do it and sell it back today or tomorrow. If you can't get your contract early, be cautious of buying one at all.
Great advice! Being greedy will kill you in the market. Especially with options and with stocks like $AMC/$GME. The IV and time factor will destroy you if you're on the wrong side of the trade. Plus it doesn't help when the whole system is doing all in its power to go against those plays.
It's fucked up! It would have been one thing if $AMC, $GME etc fell just because people lost interest. But that's not the case. This was a coordinated effort by hedge funds and your brokerage firm using their powers. I hope the lawsuits are massive!
these dudes are talking about all this stuff now. Pretty interesting
yep i'm siting right next to one right here at work....told him not to buy that damn amc a few days ago....
now he might as well hold on to it..
I will admit. I'm nervous about placing puts due to rebound repercussions
Last edited:
I hear you, but the thing is, the price increase on AMC & GME was artificial. These companies are not doing well since before the pandemic. I made a post about their performance. Unless people keep buying the stock at increasingly higher values, the price increase can not be sustained.
We will be moving onto another stock to inflate.
The unfortunate thing about pump and dumps is somebody always get left holding the bag.
I know it's dropping but I'm not dropping 4000 on a gme put. I don't have my fancy options book and iv crush is a MOFO. Any plays in mind?
For those of you who never saw the movie Boiler Room, watch asap. What is taking place is what happened in the movie except it's not a firm, it's a message board. And instead of penny stocks, it's severely shorted stocks.
I am 100% positive that the Reddit mastermind behind pushing AMC and GME cashed out this past Friday.
I am 100% positive that the Reddit mastermind behind pushing AMC and GME cashed out this past Friday.
I was in on AMC early not knowing what was going on with Reddit, about $6. Saw the hype with Reddit and was in for an average of $9. The last few days it was spiking pre open then dropping. Missed an opportunity to get out at $22 and finally got out yesterday at $17. Buy low, sell high and repeat. Just doubled back at $8. If it breaks $10 today I’m out.
No no no...this is what happens to meme stocks every time. Yes it was foul what they did but this was the end result either way...just sooner than I thought
When you manipulate the standing rules? That's a no! no! There are no rules against a "meme" stock. But there are rules against the coordination effort they did.
You and i will continue not to see much on anything!
Meme stocks are like the old pyramid schemes. Get in early, or don't get in at all. The only way I would have gotten into that stuff is if I knew it was about to run before it started to run. Other than that, "No way!"
There are a lot of smart people on this board. It would be great if we could focus our efforts. There's enough money in the markets to make all of us wealthy as fuck. That's why it's important to share information with each other. We could have saved some of you from yourselves. I scan for my own shit, because once everyone hears about a stock, its doomed.
They say stocks go up an escalator; but they go down through a window. People are going to experience that shit today. I feel sorry for those who bought into that hype late. Because at the end of the day, you're going to be holding garbage. Greed is a MoFo.
There are a lot of smart people on this board. It would be great if we could focus our efforts. There's enough money in the markets to make all of us wealthy as fuck. That's why it's important to share information with each other. We could have saved some of you from yourselves. I scan for my own shit, because once everyone hears about a stock, its doomed.
They say stocks go up an escalator; but they go down through a window. People are going to experience that shit today. I feel sorry for those who bought into that hype late. Because at the end of the day, you're going to be holding garbage. Greed is a MoFo.
AMC puts are $1.26 and lower.
Yeah if you are investing your life savings then that's a huge mistake. The first rule of investing is invest money you are able to lose. What I have invested will not ruin me financially, I'm good if I lost it because it isn't my entire life savings.
Try fidelity
Similar threads
