Zombie The Coronavirus Financial Thread (Personal, Local, National)

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EL PRESIDENTE said:
Yeah, they halted trading for a minute earlier. There's more of this to come until they start cracking down on it.
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For sure, sounds like the whole point of /wallstreetbets guys was to expose the huge firms that are in bed with certain media outlets in manipulating shit. So they had enough and decided to play the game back at em...was reading something like Melvin Capital is about to bankrupt because of it all
 
Gamestop went to $144 today but then came back down to earth. lol

https://finance.yahoo.com/news/gamestop-pops-51-citron-short-102242003.html

Meanwhile, GameStop posted in a Twitter post that a “bunch of Redditors with Asperger’s have collaborated to engineer the short squeeze of the decade by buying short-dated, out-of-the-money call options.”

GameStop shares have spiked a whopping 1,513% over the past six months, while analysts have a Hold consensus on the stock. Out of the 6 analysts covering GME, 3 rate it as Hold, and 2 say Sell, and 1 analyst says Buy.
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The move came after Citron Research had to postpone a planned livestream YouTube video, which would detail the five reasons GameStop (GME) stock will plunge back to $20 per share fast. The video did come out later than announced but not as a livestream event, following “multiple hacking attempts” on its Twitter account, according to Citron Research.

“What Citron has experienced in the past 48 hours is nothing short of shameful and a sad commentary on the state of the investment community,” Citron’s Andrew Left wrote in a letter posted on Twitter. “We will no longer be commenting on GameStop, not because we don’t believe in our investment thesis, but rather the angry mob who owns this stock has spent the past 48 hours committing multiple crimes that I will be turning over to the FBI, SEC and other governmental agencies.”
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I'm loving the flack Shitron Research is getting though.
 
This shit is hilarious.

https://markets.businessinsider.com...s-reddit-traders-citron-gme-2021-1-1030000080

GameStop short-sellers lost $1.6 billion in a single day as Reddit traders rebelled against them

Investors betting against GameStop and the army of bullish retail traders have already lost billions in 2021.

Mark-to-market losses for GameStop shorts on a year-to-date basis reached $3.3 billion when trading closed on Friday, according to data from the financial-analytics firm S3 Partners. Losses totaled nearly $1.6 billion on Friday alone as shares rocketed 51% higher into the close.

GameStop stock has continued to climb as Reddit users and day traders have extended the unusual momentum trade into its third week. The company's shares initially leaped on January 11 after it agreed with an activist investor to add three new directors to its board. The day's gains drew in swaths of retail traders, including members of the popular WallStreetBets subreddit.

Online posts urging other investors to join the trade have since driven outsize bullish momentum for GameStop. The stock traded 115% higher as of 10:40 a.m. ET on Monday and is up more than 500% year-to-date.
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I've never traded stock before, other than adjusting my 401k shares, but I bought some GME shares at $99. I have no idea what I am doing. Lol
To the moon!
 
GriLtCheeZ said:
I've never traded stock before, other than adjusting my 401k shares, but I bought some GME shares at $99. I have no idea what I am doing. Lol
To the moon!
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TO THE MOON!

Mags tried to get me into day trading a few years back. I played around a little but I'm too conservative to blind speculate like he was. The WSB thing has been fun because it's all over the news.
 
SlyPokerDog said:
TO THE MOON!

Mags tried to get me into day trading a few years back. I played around a little but I'm too conservative to blind speculate like he was. The WSB thing has been fun because it's all over the news.
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I just follow the WSB account on IG. I miss most of the recos, I just can't stand reddit too much shit to filter through. I catch recos here and there, but I'm focused on a few industries and buy there. i have a watch list I keep of stuff to track.


My coworker watches tik tok for advice on these quick hit stocks lol. She gets caught in the hype though, she got $10k of Bitcoin at 39k and was gonna dump it at 32k to buy ethereum lolz. I told her that was stupid and to just hold it. I wouldn't have even touched bitcoin at 32k, personally, my buy-in is when it hit 20k.
 
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Future Gov of California Chamath is on the Gamestop bandwagon.

https://www.fool.com/investing/2021/01/26/chamath-palihapitiya-jumps-on-the-gamestop-bandwag/

He's also the chairman of Virgin Galactic. I bought some a few months ago, hoping for it to skyrocket when they did their test launch. Launch failed, stock tanked, but I'm back in the green again and I'm holding it until at least they get a successful launch.

https://www.marketwatch.com/story/virgin-galactic-stock-on-track-for-record-high-2021-01-26
 
SlyPokerDog said:
TO THE MOON!

Mags tried to get me into day trading a few years back. I played around a little but I'm too conservative to blind speculate like he was. The WSB thing has been fun because it's all over the news.
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A neighbor friend of mine has been following GME for a while. He's gonna make a lot of money if things don't go sideways.
 
Rumor is $AMC is the next short squeeze.

Put in a small order for when the market opens (I've been fucked over doing this before). If it trends higher I'll buy some more. I just want in case it takes off. Its up 66% after hours, I've done this in the past where I buy something going nuts and then it tanks 10 minutes after the market opens.

I was looking at it last night. Its never the right time to buy, just say fuck it and go in.
 
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EL PRESIDENTE said:
Rumor is $AMC is the next short squeeze.

Put in a small order for when the market opens (I've been fucked over doing this before). If it trends higher I'll buy some more. I just want in case it takes off. Its up 66% after hours, I've done this in the past where I buy something going nuts and then it tanks 10 minutes after the market opens.

I was looking at it last night. Its never the right time to buy, just say fuck it and go in.
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...watch out for the snakes trying to divert focus away from the penultimate GME squeeze :dunno:
 
Looking to monitor $BABA for a dip tommorow. Melvin capital had to sell their position to cover gamestop losses.

Jack Ma emerged, and he didn't even look too badly beaten.
 
Premarket on AMC is up like $16. Hope you have a limit on that order
 
I cancelled my order. I'm watching it and may jump in after the morning dip.

Bought some $NOK instead
 
$AMC orders not going through or are being cancelled now. People are freaking out! :Sly:
 
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