OT Gamestop: Wall Street + Animal House? (1 Viewer)

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I'm taking it up the butt on that $XL stock. I didn't want to sell it because I already have a good faith violation and I don't want another one, but holy shit.... I bought at 16.21 and it's down to 11.97 per share. I bought 7 shares. Oops.
 
Natebishop3 said:
I'm taking it up the butt on that $XL stock. I didn't want to sell it because I already have a good faith violation and I don't want another one, but holy shit.... I bought at 16.21 and it's down to 11.97 per share. I bought 7 shares. Oops.
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My whole Portfolio is down 25% the last month. Honestly, it'll all go up, so don't freak out and sell off during the sell-off.
 
I'm really taking it up the ass on $FUBO. Average cost is $42, its at $28 and I have 20 shares. Market Value = $564 and total return is $-251.

This is a longer play though, so I have faith that they will deliver their product. I've lost big like this before, and gained it back and then some when they rally.
 
Natebishop3 said:
I'm taking it up the butt on that $XL stock. I didn't want to sell it because I already have a good faith violation and I don't want another one, but holy shit.... I bought at 16.21 and it's down to 11.97 per share. I bought 7 shares. Oops.
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Maybe try buying .1 or .2 of a share of these stocks until you find a source that you trust. So you learn but also you don't get upset of when things drop.

or

Buy 7 shares of @XL at the current price to bring your average cost per share down.

7 x $16.21 = $113.47 7 x $11.97 = $83.79 That would bring you to $14.09 per share.
 
SlyPokerDog said:
I bought some MGM. The stock is down today.

I like MGM as a consumer.
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Caesars is pissing off a lot of their customers. They cut their offers to their mid and and higher level gamblers. Cosmo and Circa are doing tier matching for Caesars customers to try and steal them away. But if customers leave Caesars they're going to move to MGM because of the number of casinos is similar to Caesars.

I'm thinking MGM will come out of the covid recession faster than Caesars.
 
SlyPokerDog said:
Maybe try buying .1 or .2 of a share of these stocks until you find a source that you trust. So you learn but also you don't get upset of when things drop.
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Also bring your wife in on this. Make it a game. You each have a budget of $50/month. Whoever has the worst return for the month takes the other one to dinner. It makes investing more fun and you won't get defensive if you lose money on stonks.
 
SlyPokerDog said:
Also bring your wife in on this. Make it a game. You each have a budget of $50/month. Whoever has the worst return for the month takes the other one to dinner. It makes investing more fun and you won't get defensive if you lose money on stonks.
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I don't think I'll ever be the guy that drops 50k into the market.

For me it was fun to get in on the memes and then I kinda blindly found my way through learning the market for the past month. I lost a little money, not freaking out about it, but also a bit of a wakeup call. I have been learning about scans on software like ThinkorSwim and I'm putting in some time learning about identifying things like pump and dumps, etc.

Most of my losses right now are tied to GME, which I'm not selling.

I think overall I lost 50ish bucks on my Robinhood account and I have probably lost like $100 total spread out over several failed penny stocks. If I lose money on GME, so be it. That was a gamble from the beginning.
 
SlyPokerDog said:
Caesars is pissing off a lot of their customers. They cut their offers to their mid and and higher level gamblers. Cosmo and Circa are doing tier matching for Caesars customers to try and steal them away. But if customers leave Caesars they're going to move to MGM because of the number of casinos is similar to Caesars.

I'm thinking MGM will come out of the covid recession faster than Caesars.
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Interesting to know your perspective. Caesars was recently bought by El Dorado, but they kept the Caesars name, so they have new management and are definitely trying to cut costs (Caesars is one of our clients).
 


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donkiez said:
I was wondering how your strategy has been going for you. Did you get put on the stock at 10 earlier? I saw news that their board gave themselves big bonuses recently, kind of made me sour on them and their prospects some. Im still holding but I have been shedding some everytime it jumps.
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I had some 6.5 and 6 strike price puts earlier this week on them. Jumped back out of them in Tuesday and banked $80. Now i have like 5 put options at strike price 7 for $50. Gonna watch closely tomorrow to see what happens. Might jump out early or ride it depending on premarket.
 
There will be blood! This morning was brutal again. Good thing I'm at the coast drinking bloody marys and getting room service.

Things are flipping some. AMC is actually up.

I picked up some boeing at 217ish.
 
donkiez said:
There will be blood! This morning was brutal again. Good thing I'm at the coast drinking bloody marys and getting room service.

Things are flipping some. AMC is actually up.

I picked up some boeing at 217ish.
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I'm nearly green after being fucked earlier this AM.

Wondering if sub600 is a good time to get into Tesla. I'm prob not buying right now, I've already spent more than my alloted fun money would allow and then some for the week.
 
EL PRESIDENTE said:
I'm nearly green after being fucked earlier this AM.

Wondering if sub600 is a good time to get into Tesla. I'm prob not buying right now, I've already spent more than my alloted fun money would allow and then some for the week.
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I'm holding a lot of Tesla so my day is ugly still. But I try to not look at my Tesla because its not part of my active trading plans. Abnb is kicking me in the nuts but I'm not worried, just wish I had held off more buying back in.
 
Intel and semiconductors are finally making the move I thought they would make a few weeks ago. Intel has weathered the current sell off really well. I'm very optimistic about them
 
donkiez said:
Intel and semiconductors are finally making the move I thought they would make a few weeks ago. Intel has weathered the current sell off really well. I'm very optimistic about them
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They have to do better without Andy Grove. He was a real hard ass.
 
Lanny said:
They have to do better without Andy Grove. He was a real hard ass.
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They really do and they have faltered big time with their production yields at 7nm and below. Their last few CEOs have been pretty soft although I kind of liked BK. This new guy seems promising though. The global shortage and the fact that Intel owns a lot of fab space (unlike amd) means they will probably do well right now even if they still falter some more. Once (if) they nail down their production issues they should have a better product than TSM.
 
donkiez said:
They really do and they have faltered big time with their production yields at 7nm and below. Their last few CEOs have been pretty soft although I kind of liked BK. This new guy seems promising though. The global shortage and the fact that Intel owns a lot of fab space (unlike amd) means they will probably do well right now even if they still falter some more. Once (if) they nail down their production issues they should have a better product than TSM.
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My college roommate went to work for Intel and became one of the four leading memory chip designers in the world.
 
WOW, what's this GREEN COLOR on my stocks. Haven't seen this in a while! :NOTMARIS:

Up only 2%, easy to do when you've taken heavy losses. Down 11.7% for the week, 21.2% for the month.

Hopefully we weathered the worst of it.
 
I know! I just about broke even. At one point I was down 5% for the day which is huge for me. Are we finally turning the corner? Jobs data today was good.
 
Antivirus pioneer John McAfee, 75, is charged with money laundering and fraud for 'using Twitter to promote cryptocurrencies that he was secretly invested in to inflate their value then sell them for a profit'
  • McAfee, 75, is still in Spain where he was arrested in October last year at the request of US tax authorities
  • Now, he has been hit with 7 counts of fraud and money laundering by the DoJ
  • They say he was involved in two cryptocurrency schemes between 2017 and 2018
  • He is accused of using Twitter to tout cryptocurrencies he was secretly invested in to drive up their value
  • The complaint does not name any of the currencies - McAfee tweeted about at least three
  • On one occasion, he gave a disclaimer that he was invested in one of them
  • He tweeted right before the currencies spiked in value and allegedly sold at the peak
  • Prosecutors say his team then tried to liquidate the crypto on the stock exchange and were turned down
https://www.dailymail.co.uk/news/ar...hn-McAfee-charged-money-laundering-fraud.html
 
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