OT Gamestop: Wall Street + Animal House?

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donkiez said:
It's the meme stock apocalypse!!!

I'm ride or die on my shares of everything. Even if this is the end, these companies are in the public consciousness now. AMC especially has the best chance to pop when reopening occures. The only one I think is a terrible company is GME, but Ive heard ideas on making them a game center for people to hang out in and play games, build computers and socialize. This run gives them time to figure something out. They should partner with AMC and make full on entertainment centers.

I've got caught holding before and have always ended up on top by forgetting about it. I was in NIO at $4 and almost instantly lost half my money. So I ignored it till it hit $50, took over a year and a half. Same with YOLO and CGC, bought in to the marijuana hype when they first came out, lost tones but kept with them and now I'm rolling. Still have bitcoin, eth and litcoin from 2017 that is back in the money also. For people new to this, time is an asset that most people overlook.
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This is where I’m at. I’m definitely holding on AMC, and I might even buy more into the dip. It could jump again today when people see they can buy low. People need to get onto new platforms that aren’t (illegally) restricting stock purchases like Robinhood is. Hopefully they do.

Either way I’m not at a huge loss, and fuck the hedge funds. Win-win.
 
Blazer Freak said:
Yeah I cut my losses....if I have a limited amount I am going to invest in stocks...then I'd rather put it all on GME than Doge at this point...lesson learned.
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GME is a straight up gamble too. But at least its somewhat predictable, absent the market manipulation going on by the media, funds and the trading platforms.
 
When this garbage market is all over, I'm going to sit on the sidelines for a while and then jump in the next market crash. Maybe park it in a few ETFs or something like Chamath's $IPOE
 
If any of you guys trade real stocks then it was a great day today. Amazon is expected to crush earnings.
 
So shouldn't GME be rebounding at some point? It's dipping hardcore again.
 
EL PRESIDENTE said:
GME is a straight up gamble too. But at least its somewhat predictable, absent the market manipulation going on by the media, funds and the trading platforms.
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Oh no doubt. But I've read some of the DD and I'm not looking to cash out at 5k a share like some people...if it hits $1k I'm out. Trying to buy up a few more here as it dips. Hoping to buy 3 more if it hits 100 again
 
Natebishop3 said:
So shouldn't GME be rebounding at some point? It's dipping hardcore again.
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yea I was hoping for a bigger Cuban bump, but its still being suppressed pretty hard. It also seems to have created an inverse relationship with the overall market. I expect that trend to continue. Might have to wait till tomorrow.
 
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I don't know dude..... the meme seems dead. How long are we supposed to hold on this shit? I mean..... At this point I'm not expecting to get my money back lol
 
donkiez said:
They are already painting the redditors as an angry mob of impulsive millineals. The average boomer is interested in the situation but secretly waiting for it to blow up in everyone's face so they can say I told you so. It will be a big joke until it happens again.
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Well, yeah. I understand doing it for fun, but if you are investing in something that has near-zero intrinsic value as a money making plan - that's about as high-risk a financial plan as one could come up with, so some people are guaranteed to be burned when it comes back down.

barfo
 
barfo said:
Well, yeah. I understand doing it for fun, but if you are investing in something that has near-zero intrinsic value as a money making plan - that's about as high-risk a financial plan as one could come up with, so some people are guaranteed to be burned when it comes back down.

barfo
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I'M INVESTING EVERYTHING IN BARFOCOIN AND BITPIRATE!
 
SlyPokerDog said:
What are the nerds on WSB saying?
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It’s extremely divided. There are people posting to hold and that the squeeze is still coming, and there are people who say the squeeze already happened and that the halt killed the rest of the squeeze.

I don’t know what to believe. At this point it makes no sense to sell. I’m not out that much money and most people say the stock is worth probably 60 at fair value.

I will just stick with it long term but BB and AMC are probably better long term investments.
 
Natebishop3 said:
It’s extremely divided. There are people posting to hold and that the squeeze is still coming, and there are people who say the squeeze already happened and that the halt killed the rest of the squeeze.

I don’t know what to believe. At this point it makes no sense to sell. I’m not out that much money and most people say the stock is worth probably 60 at fair value.

I will just stick with it long term but BB and AMC are probably better long term investments.
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I'm just going to wait until morning before deciding anything. @EL PRESIDENTE got us into this so if it turns out that we lose some money we can hunt him down and get it from him.

Remember the majority of his Blazer collection is still at his parent's house.
 
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