Stock market

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

gimmesometruth27 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

hopefully it works out and in a week you are not using the "not stonks"meme.

mrussel1 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

Good luck.  GME is in the shitter.  People are exiting.  This has been institutional from the start, manipulation all the way.  I think when the data is analyzed, you'll see it was the big dogs driving the short squeeze.  And all of this political yelling will fade away.....................

There are a ton of the "little people" going to be buying this when it goes down as low as $6 a share.  The plan is to buy as much as you can and hold.

I'm out a grand if it doesn't work.  If the people do what they did on Gamestop then I'll be singing a different tune, lol.

Certainly the financial risk is low if it's a grand.  But I still don't understand what the future is for GME.  They could have bought up a game streaming service (ala Steam) a few years ago, but Amazon pulled the trigger, not them.  Instead they bought cell phone stores (WTF?) and then started jettisoning them within a few years.  It's just a poorly managed company with no obvious future if it's all brick and mortar.  

I'm totally in it for the short run.  ZERO long term investment here.

Yeah I was replying to your statement The plan is to buy as much as you can and hold.

I don't get that at all. 

Yes, my bad.  Hold now and wait for the price to shoot up then sell forcing the shorts to have to buy at a higher price.

mrussel1

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

gimmesometruth27 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

hopefully it works out and in a week you are not using the "not stonks"meme.

mrussel1 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

Good luck.  GME is in the shitter.  People are exiting.  This has been institutional from the start, manipulation all the way.  I think when the data is analyzed, you'll see it was the big dogs driving the short squeeze.  And all of this political yelling will fade away.....................

There are a ton of the "little people" going to be buying this when it goes down as low as $6 a share.  The plan is to buy as much as you can and hold.

I'm out a grand if it doesn't work.  If the people do what they did on Gamestop then I'll be singing a different tune, lol.

Certainly the financial risk is low if it's a grand.  But I still don't understand what the future is for GME.  They could have bought up a game streaming service (ala Steam) a few years ago, but Amazon pulled the trigger, not them.  Instead they bought cell phone stores (WTF?) and then started jettisoning them within a few years.  It's just a poorly managed company with no obvious future if it's all brick and mortar.  

I'm totally in it for the short run.  ZERO long term investment here.

Yeah I was replying to your statement The plan is to buy as much as you can and hold.

I don't get that at all. 

Yes, my bad.  Hold now and wait for the price to shoot up then sell forcing the shorts to have to buy at a higher price.

You don't think the shorts have exited by now?  I just assumed they have taken their loss.  GME is down 50% today, AMC is down 40%, JPM is up 5%.  All is right in the world.

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

gimmesometruth27 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

hopefully it works out and in a week you are not using the "not stonks"meme.

mrussel1 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

Good luck.  GME is in the shitter.  People are exiting.  This has been institutional from the start, manipulation all the way.  I think when the data is analyzed, you'll see it was the big dogs driving the short squeeze.  And all of this political yelling will fade away.....................

There are a ton of the "little people" going to be buying this when it goes down as low as $6 a share.  The plan is to buy as much as you can and hold.

I'm out a grand if it doesn't work.  If the people do what they did on Gamestop then I'll be singing a different tune, lol.

Certainly the financial risk is low if it's a grand.  But I still don't understand what the future is for GME.  They could have bought up a game streaming service (ala Steam) a few years ago, but Amazon pulled the trigger, not them.  Instead they bought cell phone stores (WTF?) and then started jettisoning them within a few years.  It's just a poorly managed company with no obvious future if it's all brick and mortar.  

I'm totally in it for the short run.  ZERO long term investment here.

Yeah I was replying to your statement The plan is to buy as much as you can and hold.

I don't get that at all. 

Yes, my bad.  Hold now and wait for the price to shoot up then sell forcing the shorts to have to buy at a higher price.

You don't think the shorts have exited by now?  I just assumed they have taken their loss.  GME is down 50% today, AMC is down 40%, JPM is up 5%.  All is right in the world.

Well lets see if the little fellas do what they say.  Buying should be huge right now so hopefully, lol.

tempo_n_groove

So AMC is still the heaviest shorted stock.  By doing that and holding and buying calls, makes the stock go up.

Up to $44.  I sell at $100.

tempo_n_groove

Up to $63.

Nobody is messing around w stocks out there?

tempo_n_groove

gimmesometruth27 said:

tempo_n_groove said:

I bought 100 shares of AMC.  Let's see what happens.

hopefully it works out and in a week you are not using the "not stonks"meme.

@gimmesometruth27 going well

mrussel1

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

Not those...  I don't mess around with stocks.  I buy into long term fundamentals, not day trading.  

nicknyr15

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

My portfolio is purely income driven. My day trading days are behind me. The only stocks I own that don’t pay dividends are Amazon and Tesla. 6 percent div Minimum. 

nicknyr15

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

I’d lock in half that profit man. 

tempo_n_groove

nicknyr15 said:

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

I’d lock in half that profit man. 

Should be another 3 days of rally then a dip then another surge.

I am up 500% and plan on doing something with it.  The shorts keep doubling down and everyone keeps holding so it's driving the price up.  The reddit crew actually wants to see it hit 1000 a share, lol.  Wouldn't that be something!?!  I don't see that happening but I can see it hit $100 by Friday.

tempo_n_groove

tempo_n_groove said:

nicknyr15 said:

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

I’d lock in half that profit man. 

Should be another 3 days of rally then a dip then another surge.

I am up 500% and plan on doing something with it.  The shorts keep doubling down and everyone keeps holding so it's driving the price up.  The reddit crew actually wants to see it hit 1000 a share, lol.  Wouldn't that be something!?!  I don't see that happening but I can see it hit $100 by Friday.

Well maybe not, lol.

nicknyr15

tempo_n_groove said:

tempo_n_groove said:

nicknyr15 said:

tempo_n_groove said:

Up to $63.

Nobody is messing around w stocks out there?

I’d lock in half that profit man. 

Should be another 3 days of rally then a dip then another surge.

I am up 500% and plan on doing something with it.  The shorts keep doubling down and everyone keeps holding so it's driving the price up.  The reddit crew actually wants to see it hit 1000 a share, lol.  Wouldn't that be something!?!  I don't see that happening but I can see it hit $100 by Friday.

Well maybe not, lol.

Nothings ever certain but when I was day trading I always would lock in half the profit. Sell another 25% if it dipped 5-10% then the final 25% if it dipped again. But who knows. It could go to $500 right after you sell lol. That’s trading. 

tempo_n_groove

I'm holding still.  There are a lot of people holding and it just won't budge like GME.

It's coming back up again.

Man I need to learn how to do options.

tempo_n_groove

Sold my shares at 55.50.

Made a nice profit.  It is still going up now too, lol.  

I'm happy.  May look into options on it now.

nicknyr15

tempo_n_groove said:

Sold my shares at 55.50.

Made a nice profit.  It is still going up now too, lol.  

I'm happy.  May look into options on it now.

Profit is profit. It’s impossible to catch the top. 

brianlux

A little off topic but have any of you invested in municipal bonds?  I have a little money in a savings account.  I'm just holding it there and don't want to leave it there because the interest rate is something like 0.000000000000001%.  I'm not savvy enough about the stock market to go that route and heard somewhere that municipal bonds to OK are are relatively safe.

jerparker20

brianlux said:

A little off topic but have any of you invested in municipal bonds?  I have a little money in a savings account.  I'm just holding it there and don't want to leave it there because the interest rate is something like 0.000000000000001%.  I'm not savvy enough about the stock market to go that route and heard somewhere that municipal bonds to OK are are relatively safe.

I recently moved some money from a savings account into muni/state bonds. Interest payout is around 3% annually. Not much, but better what a saving account is getting. Muni bonds are fairly liquid so the funds can be accessed quickly in case of an emergency.

As for markets, there some ETF index funds that are solid as well. SPY, IUSG, DIA, and QQQ are a few that have done well over the years. Setting up a Fidelity account is pretty easy, and easy to use as well if your looking to just buy shares and let them ride.

mrussel1

jerparker20 said:

brianlux said:

A little off topic but have any of you invested in municipal bonds?  I have a little money in a savings account.  I'm just holding it there and don't want to leave it there because the interest rate is something like 0.000000000000001%.  I'm not savvy enough about the stock market to go that route and heard somewhere that municipal bonds to OK are are relatively safe.

I recently moved some money from a savings account into muni/state bonds. Interest payout is around 3% annually. Not much, but better what a saving account is getting. Muni bonds are fairly liquid so the funds can be accessed quickly in case of an emergency.

As for markets, there some ETF index funds that are solid as well. SPY, IUSG, DIA, and QQQ are a few that have done well over the years. Setting up a Fidelity account is pretty easy, and easy to use as well if your looking to just buy shares and let them ride.

Yes, I agree.  EFT index funds are great and relatively safe particularly if focused on one like SPY which is on the banking industry (very stable). 

tempo_n_groove

Can anyone explain the increase still in the DOW?  

With covid looming again and supply chains still catching up I am a little confused.  I follow Caterpillar as a barometer and it's been on a decline the last month and that usually tells a story unless they can't make sales because of supply issues?

mickeyrat

tempo_n_groove said:

Can anyone explain the increase still in the DOW?  

With covid looming again and supply chains still catching up I am a little confused.  I follow Caterpillar as a barometer and it's been on a decline the last month and that usually tells a story unless they can't make sales because of supply issues?

parts for all kinds of vehicles are scarce.

my guess is many fleet vehicle orders (in our cases KW and International) were scrapped last year. So if those parts didnt get used there wasnt a need to produce more.

My assigned truck is down 3 weeks now, waiting on a left steer spindle, which would allow the steering kingpin to be replaced at the same time. It would then get aligned properly. Tie rod replaced last year. was burning through steer tires every two months cuz the left tow was in 1 1/4 to 1 1/2 inches. 400 each became yrailer tires in 2 months.... 6 or 8 times!!!!!