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  • mrussel1
    mrussel1 Posts: 30,879
    tbergs said:
    I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
    That's exactly my view.  And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit.  There are people on the /r that are just manipulating the rest.  They are exiting with their money and regular people are getting burned.  This is not going to end well for 80% of the people playing this game.  

    When the pandemic started, I bought heavy into JPM.  I'm a pretty conservative trader who hates to sell.  But when I buy, I buy into long term fundamentals focused on a market leader.  I also took a tip from a peer who suggested Disney.  I bought into it at $120.  It stalled for a month or two and he got frustrated and sold.  I rod it it out and it's up 35% now.  I'm happy with these types of trades. 
  • jerparker20
    jerparker20 St. Paul, MN Posts: 2,529
    mrussel1 said:
    tbergs said:
    I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
    That's exactly my view.  And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit.  There are people on the /r that are just manipulating the rest.  They are exiting with their money and regular people are getting burned.  This is not going to end well for 80% of the people playing this game.  

    When the pandemic started, I bought heavy into JPM.  I'm a pretty conservative trader who hates to sell.  But when I buy, I buy into long term fundamentals focused on a market leader.  I also took a tip from a peer who suggested Disney.  I bought into it at $120.  It stalled for a month or two and he got frustrated and sold.  I rod it it out and it's up 35% now.  I'm happy with these types of trades. 
    100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.

     I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    McDonalds stock is at $200 now...  Going down.  I am going to hit it in a week w options and watch the rise.
  • mrussel1
    mrussel1 Posts: 30,879
    tempo_n_groove said:
    McDonalds stock is at $200 now...  Going down.  I am going to hit it in a week w options and watch the rise.
    I've never thought about restaurant stocks.  Interesting. 
  • mrussel1
    mrussel1 Posts: 30,879
    jerparker20 said:
    mrussel1 said:
    tbergs said:
    I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
    That's exactly my view.  And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit.  There are people on the /r that are just manipulating the rest.  They are exiting with their money and regular people are getting burned.  This is not going to end well for 80% of the people playing this game.  

    When the pandemic started, I bought heavy into JPM.  I'm a pretty conservative trader who hates to sell.  But when I buy, I buy into long term fundamentals focused on a market leader.  I also took a tip from a peer who suggested Disney.  I bought into it at $120.  It stalled for a month or two and he got frustrated and sold.  I rod it it out and it's up 35% now.  I'm happy with these types of trades. 
    100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.

     I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
    The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading.  I think that's going to happen sooner than later. 
  • jerparker20
    jerparker20 St. Paul, MN Posts: 2,529
    mrussel1 said:
    jerparker20 said:
    mrussel1 said:
    tbergs said:
    I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
    That's exactly my view.  And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit.  There are people on the /r that are just manipulating the rest.  They are exiting with their money and regular people are getting burned.  This is not going to end well for 80% of the people playing this game.  

    When the pandemic started, I bought heavy into JPM.  I'm a pretty conservative trader who hates to sell.  But when I buy, I buy into long term fundamentals focused on a market leader.  I also took a tip from a peer who suggested Disney.  I bought into it at $120.  It stalled for a month or two and he got frustrated and sold.  I rod it it out and it's up 35% now.  I'm happy with these types of trades. 
    100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.

     I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
    The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading.  I think that's going to happen sooner than later. 
    If they do have that, it would surprise me if it was used today. Nokia and AMC trading was halted numerous times today and those were being hyped nonstop on the r/sub.

    My only rub with what the SEC and the Street  is talking about doing is this, if you’re going to put the hammer down on a bunch of “amateur retail traders” for finding a hole in the system and exploiting it to make some quick cash, they better go equally hard on the “institutional traders” who have been doing same thing to line their pockets. I think it really rubs some of those folks the wrong way, being gamed by those that they have historically gamed. 

    In the end, both of these groups make it harder for people like you and I and others who are just trying to ensure we don’t have to die while working some shit job to buy adult diapers.
  • mrussel1
    mrussel1 Posts: 30,879
    jerparker20 said:
    mrussel1 said:
    jerparker20 said:
    mrussel1 said:
    tbergs said:
    I work with a guy who just bought in to AMC. I literally walked out of my office and he was talking about the stock with his other coworkers.. He just got on Robinhood a few weeks ago. I suggested he get out while he can and look at it more as going to a casino and being willing to lose it all or get lucky and win a few bucks.
    That's exactly my view.  And these people are posting on how they are riding the stock TO THE MOON!, which is total bullshit.  There are people on the /r that are just manipulating the rest.  They are exiting with their money and regular people are getting burned.  This is not going to end well for 80% of the people playing this game.  

    When the pandemic started, I bought heavy into JPM.  I'm a pretty conservative trader who hates to sell.  But when I buy, I buy into long term fundamentals focused on a market leader.  I also took a tip from a peer who suggested Disney.  I bought into it at $120.  It stalled for a month or two and he got frustrated and sold.  I rod it it out and it's up 35% now.  I'm happy with these types of trades. 
    100% agree. Have to play the long game. I understand the temptation though. Nothing more sexy than a quick buck. Ive built up a nice portfolio over the past few years that’s designed for the long term and I don’t adjust it much.

     I do though keep $1k on hand for goofing around with cryptos, penny stocks, or to take a chance with the insanity of the past few days. Some folks go to the bookie, I do this. Come what may, I’m out tomorrow afternoon and take my +/-. The TO THE MOON crowd is going to get hammered come Friday when everyone tries to dump out and trading gets halted and the brokerage sites crash. Live and learn.
    The president? of the NASDAQ was saying today that they have the software to combine social media chatter with irrational market responses and halt trading.  I think that's going to happen sooner than later. 
    If they do have that, it would surprise me if it was used today. Nokia and AMC trading was halted numerous times today and those were being hyped nonstop on the r/sub.

    My only rub with what the SEC and the Street  is talking about doing is this, if you’re going to put the hammer down on a bunch of “amateur retail traders” for finding a hole in the system and exploiting it to make some quick cash, they better go equally hard on the “institutional traders” who have been doing same thing to line their pockets. I think it really rubs some of those folks the wrong way, being gamed by those that they have historically gamed. 

    In the end, both of these groups make it harder for people like you and I and others who are just trying to ensure we don’t have to die while working some shit job to buy adult diapers.
    It wasn't used today, she was saying they will begin to use it.  

    There are controls in place to halt trading when it becomes irrational.  If you remember a decade plus ago, there were the super computer trades that created the giant market drop.  That had to build controls at the market to stop that from happening again.  

    I'm not a fan of the big institutional trading per se, but it's going to be more rational than these pitchfork traders.  And I firmly believe that they are being manipulated by a few big dogs in there.  Who knows who they are, but they are driving the action.  It's no different than Trump riling up the base.  
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,185
    mrussel1 said:
    tempo_n_groove said:
    McDonalds stock is at $200 now...  Going down.  I am going to hit it in a week w options and watch the rise.
    I've never thought about restaurant stocks.  Interesting. 
    I bought Shake Shack just over a year ago at $71/share....closed today at $125
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • rgambs
    rgambs Posts: 13,576
    It's pretty hilarious (and infuriating) to see so many Wall Streeters that have been manipulating and short selling for decades to the tune of hundreds of billions suddenly crying like babies and losing their minds when common folk figured out how to get it done.
    Suddenly regulators are the good guys that are going to save the day??? 🤣🤣
    Monkey Driven, Call this Living?
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,078
    rgambs said:
    It's pretty hilarious (and infuriating) to see so many Wall Streeters that have been manipulating and short selling for decades to the tune of hundreds of billions suddenly crying like babies and losing their minds when common folk figured out how to get it done.
    Suddenly regulators are the good guys that are going to save the day??? 🤣🤣
    the irony is thick and juicy.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,078
    it is like you live long enough to respect and even need help from the enemy.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,078
    i saw earlier today that gamestop was trading at $420.69 per share. my teenage brain had a chuckle.

    now robinhood has stopped people from trading gamestop, amc, and nokia. is that even legal? i do not know a lot about how the markey works, but this seems shady. seems like they are covering for the hedge funds that are losing money. 
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • jimjam1982
    jimjam1982 AZ Posts: 1,471
    gimmesometruth27 said:
    i saw earlier today that gamestop was trading at $420.69 per share. my teenage brain had a chuckle.

    now robinhood has stopped people from trading gamestop, amc, and nokia. is that even legal? i do not know a lot about how the markey works, but this seems shady. seems like they are covering for the hedge funds that are losing money. 
    It's not. The market is being manipulated by the hedge funds with small trades between multiple accounts to drive down stocks while its frozen. Time to see if the President lives up to his campaign and fights for the people or stands by the suits.  Whoever the AG is should have intervened and stopped these freezes in the name of free trade.
  • mrussel1
    mrussel1 Posts: 30,879
    jimjam1982 said:
    gimmesometruth27 said:
    i saw earlier today that gamestop was trading at $420.69 per share. my teenage brain had a chuckle.

    now robinhood has stopped people from trading gamestop, amc, and nokia. is that even legal? i do not know a lot about how the markey works, but this seems shady. seems like they are covering for the hedge funds that are losing money. 
    It's not. The market is being manipulated by the hedge funds with small trades between multiple accounts to drive down stocks while its frozen. Time to see if the President lives up to his campaign and fights for the people or stands by the suits.  Whoever the AG is should have intervened and stopped these freezes in the name of free trade.
    What? What are you proposing Biden does and how? Are you saying that the short selling should be banned by EO?
  • static111
    static111 Posts: 5,077
    gimmesometruth27 said:
    i saw earlier today that gamestop was trading at $420.69 per share. my teenage brain had a chuckle.

    now robinhood has stopped people from trading gamestop, amc, and nokia. is that even legal? i do not know a lot about how the markey works, but this seems shady. seems like they are covering for the hedge funds that are losing money. 
    If this whole situation doesn’t make the case against the stock market or at least in creating rules so that those with unbridled wealth can’t manipulate markets I don’t know what will.  Meanwhile my understanding is that a collective of individuals is combining their dollar power to fight against the big guys and that this is somehow what is wrong. Meanwhile had none of this happened, completely devaluing game stop by “borrowing” shares, buying cheap and then raising the value so that hedge fund managers could make a nice profit would somehow be ok?  Makes zero sense.  Looks like that invisible hand turned pretty visible as NASDAQ and Robinhood are gaming the system back to the high net worth master market manipulators.  
    Scio me nihil scire

    There are no kings inside the gates of eden
  • static111
    static111 Posts: 5,077
    Just read that a large hedge fund CITADEL owns a large portion of Robin Hood and receives 40% of their profits from Robin Hood.  Also that citadel has some serious short sell positions on GME. If true, hopefully this makes people mad about the fucking Rube Goldberg apparatus that is financial markets and stock trading.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,185

    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • mrussel1
    mrussel1 Posts: 30,879
    I'm sorry, there are no heroes or villains in this story.  I don't personally like short selling but the risk is to the investor.  There's no limit to the loss they can take if they short and the stock rises, which is what is happening here.  But it also happens to individual investors as well, not just institutional ones.  And when an institutional investor shorts, it's usually because there is some open warfare happening between the company and the institution.  This WBS issue happening now is because a bunch of pitchfork investors are being manipulated into group think by the Reddit thread.  This is going to end badly for the individuals, more than the institutions.  
  • static111
    static111 Posts: 5,077
    mrussel1 said:
    I'm sorry, there are no heroes or villains in this story.  I don't personally like short selling but the risk is to the investor.  There's no limit to the loss they can take if they short and the stock rises, which is what is happening here.  But it also happens to individual investors as well, not just institutional ones.  And when an institutional investor shorts, it's usually because there is some open warfare happening between the company and the institution.  This WBS issue happening now is because a bunch of pitchfork investors are being manipulated into group think by the Reddit thread.  This is going to end badly for the individuals, more than the institutions.  
    This exposes just how messed up the market is though.  Perhaps some people will get hosed oh well. People are always getting hosed. Meanwhile I remember oh 2008 when the financial class really fucked things up and somehow are still playing by the same rules. I’d have to say that maybe these aren’t “good guys” for manipulating the manipulators, but they are good guys for exposing just what a bullshit system we have.  It is very clear as the “invisible hand” is coming down just what side of the “free market” it is really on.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • static111
    static111 Posts: 5,077
    Are hedge funds really currently allowed to trade all of the “banned” stocks while investors using Robin Hood and other services are being froze out?  This is complete insanity
    Scio me nihil scire

    There are no kings inside the gates of eden

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