The Investment Thread!

[MinistroRaven]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

Chammat's on CNBC now: https://www.livenewsnow.com/american/cnbc-america.html

[cramx3]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

Chammat's on CNBC now: https://www.livenewsnow.com/american/cnbc-america.html

Thanks for sharing, listening now.  No idea who Chamath is, but he was referenced in the youtube video I watched.  Also, the pic they are using of him... he looks high as a kite 

[MinistroRaven]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

Chammat's on CNBC now: https://www.livenewsnow.com/american/cnbc-america.html

Thanks for sharing, listening now.  No idea who Chamath is, but he was referenced in the youtube video I watched.  Also, the pic they are using of him... he looks high as a kite 

CEO @SocialCapital
 
Chairman @VirginGalactic

Owner @Warriors
 
Bestie @theallinpod

All those @ are Twitter accounts of his companies
 

[Ben_Jamin]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

I see it as all those people, grouping together, and using that platform to play the game.

[Ben_Jamin]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

Chammat's on CNBC now: https://www.livenewsnow.com/american/cnbc-america.html

Thanks for sharing, listening now.  No idea who Chamath is, but he was referenced in the youtube video I watched.  Also, the pic they are using of him... he looks high as a kite 

 

[Ben_Jamin]

FYI, I know some of how the Stock Market works. We had to do a Stock Market Game, for 8th grade as a requirement for some stupid program called ROPES. 

I really wished this would have happened back then, I wonder how my teacher would've tried explaining this to us. I don't think she would be able to. 

[Anguyen92]

Manipulating might not be the right word, but it doesn't seem the intention is normal here.  I really don't know.  I watched a youtube video this morning and it seems more aligned with:

they all said "Fuck You Hedgefund Billionares" and began to buy.

than a legit investment strategy.  But like I said, I don't understand this and it certainly seems like some people are significantly profit (reddit people) while others significantly lose (hedge fund billionaires)

Chammat's on CNBC now: https://www.livenewsnow.com/american/cnbc-america.html

Thanks for sharing, listening now.  No idea who Chamath is, but he was referenced in the youtube video I watched.  Also, the pic they are using of him... he looks high as a kite 

I think I recognized that name.  I think I saw him in a World Series of Poker episode back in 2011.  My impression was that he was one of those rich guys in the Bay Area in California that plays with Phil Hellmuth in private games.

[axeman90210]

This GME nonsense is exactly why I keep everything in low cost index funds

[MinistroRaven]

Nice read: https://www.forbes.com/sites/forbes-personal-shopper/2021/01/26/best-xbox-series-x-s-accessories/

[lordxizor]

Yeah, manipulating may be too strong a word, but it's the same basic idea.

[LudwigVan]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

[cramx3]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

Lucky you.  It'll be interesting what the SEC can do here.  But all these sites not allowing you to trade seems like an SEC rules violation as well.  This is wild. I'm almost tempted to buy now based on reading the subreddit, but I don't know.  Maybe I'll get in on the next ones... EXPR, AMC, BBBY have been talked about.

[XJDenton]

As someone who has no investment in the stock market, I find these shenanigans hilarious. Plus its always interesting to see something happen which causes wall street of all people to cry for regulation. 

[T-ski]

A buddy of mine said he made a quick $75 today thanks to reddit.

[El Barto]

So this thing's well above my pay grade, but I'm curious about something. Does Gamestop itself actually have any cards to play in this? Is there someway this can be leveraged? Are they just passive observers? What would happen if they decided today would be a good day to file for bankruptcy?

[LudwigVan]

At this point, Gamestop as a company could take advantage of the high price valuation by issuing more stock in a public offering, but that in itself would likely drive the price of the stock down because it would dilute the number of shares outstanding.

[ReaperKK]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

Lucky you.  It'll be interesting what the SEC can do here.  But all these sites not allowing you to trade seems like an SEC rules violation as well.  This is wild. I'm almost tempted to buy now based on reading the subreddit, but I don't know.  Maybe I'll get in on the next ones... EXPR, AMC, BBBY have been talked about.

I got in on the GME train pretty early luckily. WSB is really quite a phenomenon (that's currently set to private). I was able to clear out a bunch of money using their tips from last year when I first discovered it.

Some other good tickers out right now are PLTR (they had a live demo yesterday that was good), NOK (bought some leaps here that are already up 40%), BBBY, and AMC. Tesla was the biggest pump of last year for WSB but u/deepfuckingvalue started posting about GME back in july which slowly snowballed into what we have here.

[ReaperKK]

A buddy of mine said he made a quick $75 today thanks to reddit.

My buddy got into it yesterday and bought the furthest possible OTM call on GME for 1/29 and was able to flip 213 into about 1900 in a mattter of hours. It's truly insane.

[Cool Chris]

Today is literally the first day I have ever intentionally looked at something on Reddit.

[LudwigVan]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

Lucky you.  It'll be interesting what the SEC can do here.  But all these sites not allowing you to trade seems like an SEC rules violation as well.  This is wild. I'm almost tempted to buy now based on reading the subreddit, but I don't know.  Maybe I'll get in on the next ones... EXPR, AMC, BBBY have been talked about.

Yep. I actually joined the Wall Street Bets Reddit several months ago, where I got the down-low on GME. Granted there is a LOT of juvenile crap to wade through on that site before getting to the real nitty gritty. And you still have to do your own DD (due diligence) and verify news, info and research from other legit sources.

The funny thing is that up until last year, I worked for a Wall Street bank (laid off after 33 years there), specifically in a division that bankrolls hedge funds and helps them locate borrows on their shorts positions. So now I get to work the other side of the spectrum. 

[MinistroRaven]

[ReaperKK]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

Lucky you.  It'll be interesting what the SEC can do here.  But all these sites not allowing you to trade seems like an SEC rules violation as well.  This is wild. I'm almost tempted to buy now based on reading the subreddit, but I don't know.  Maybe I'll get in on the next ones... EXPR, AMC, BBBY have been talked about.

Yep. I actually joined the Wall Street Bets Reddit several months ago, where I got the down-low on GME. Granted there is a LOT of juvenile crap to wade through on that site before getting to the real nitty gritty. And you still have to do your own DD (due diligence) and verify news, info and research from other legit sources.

The funny thing is that up until last year, I worked for a Wall Street bank (laid off after 33 years there), specifically in a division that bankrolls hedge funds and helps them locate borrows on their shorts positions. So now I get to work the other side of the spectrum. 

Oh nice! I currently work at an investment bank so it's always been tough getting into some of the WSB trades because of the many hoops I have to jump before I can buy and options/stocks. Have you gotten in on any of the other stocks WSB has been pumping? PLTR is doing pretty well post demo although I'm not sure how earnings will play out, NOK has been alright too.

[MinistroRaven]

Mark Cuban has chimed in as well on the GME debate

https://twitter.com/SquawkCNBC

[LudwigVan]

It's crazy ridiculous what's happening now with GME and some other names. This phenomenon will definitely come under some scrutiny by the SEC etc. By the way I bought GME at $19. Took some off the table, but still holding about half my position.

Lucky you.  It'll be interesting what the SEC can do here.  But all these sites not allowing you to trade seems like an SEC rules violation as well.  This is wild. I'm almost tempted to buy now based on reading the subreddit, but I don't know.  Maybe I'll get in on the next ones... EXPR, AMC, BBBY have been talked about.

Yep. I actually joined the Wall Street Bets Reddit several months ago, where I got the down-low on GME. Granted there is a LOT of juvenile crap to wade through on that site before getting to the real nitty gritty. And you still have to do your own DD (due diligence) and verify news, info and research from other legit sources.

The funny thing is that up until last year, I worked for a Wall Street bank (laid off after 33 years there), specifically in a division that bankrolls hedge funds and helps them locate borrows on their shorts positions. So now I get to work the other side of the spectrum. 

Oh nice! I currently work at an investment bank so it's always been tough getting into some of the WSB trades because of the many hoops I have to jump before I can buy and options/stocks. Have you gotten in on any of the other stocks WSB has been pumping? PLTR is doing pretty well post demo although I'm not sure how earnings will play out, NOK has been alright too.

Yes, while i was working at the bank there were a ton of trading restrictions that handcuffed me. As soon as i left, i felt free to invest as i pleased.

As far as the names that got a lot of mention at the wsb subreddit, besides GME, i also got BB and PLTR.

The thing that troubles me about NOK is that the company announced that they have no idea why their stock price has jumped. There’s simply no news to justify the movement.

[T-ski]

Looks like the Robinhood app has locked out the little guy, which seems like corporate suicide.

[ReaperKK]

Yup my thoughts as well, especially with their IPO coming up shortly.

[cramx3]

Yea Robinhood is looking really shady right now, this is quite fascinating

[XJDenton]

If it isn't illegal, it should be.

[cramx3]

If it isn't illegal, it should be.

I love how my big banker friend is defending the brokers from removing these stocks, "saving you from hurting yourself" yeah OK isn't this a free market?  There's big money involved here and they are making decisions to protect themselves. It's fairly clear to me and I'm not expert here.  I think this is very shady and maybe illegal but I'm not knowledgable to make that call.  It just seems wrong though.

[XJDenton]

Soooo, apparently robinhood is now selling of GME shares without users' permission?

https://twitter.com/ArkhonDH/status/1354834763245359111

I'm no expert, but that seems....off?

[ReaperKK]

I don't think I've ever seen bipartisan support like this for anything https://twitter.com/tedcruz/status/1354833603943931905

[cramx3]

I don't think I've ever seen bipartisan support like this for anything https://twitter.com/tedcruz/status/1354833603943931905

This is truly amazing to see

[Chino]

I don't think I've ever seen bipartisan support like this for anything https://twitter.com/tedcruz/status/1354833603943931905

This is truly amazing to see

Welp...

[Adami]

That lasted long.

[MinistroRaven]

AOC on Twitch live now https://www.twitch.tv/aoc