2021 Investment Thread

jiffy

jiffy

Well-known member
cfives said:
Interesting that it is possible to short sell a share more than once, which allows for the ~140 percent of shares shorted for GameStop. I don't agree that the huge one day rise was due to fundamentals of the company, they have negative earnings for the past three quarters, and are not expected to be profitable anytime soon.
Seems like a clear technical exploit where a bunch of reddit users successfully gambled on creating a short squeeze by buying shares in the company at the same time to initiate the squeeze. Gonna have to start looking at that reddit forum to see if they plan on manipulating the price of stocks in any company that I hold.
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Reddit can't move the needle but a hair on a stock like Gamestop, in comparison to institutional money. They definitely raised interest in it and are getting a lot of attention. The short squeeze hasn't even started yet. They are calling what happened Friday Gamma squeeze. It's a different scenario, but you can look back at the VW short squeeze and see what happens to a stock price during a squeeze. Not saying it will happen like that but that is an example of a large short squeeze.

https://www.reuters.com/article/us-...he-worlds-priciest-firm-idUSTRE49R3I920081028
 
Ducky_Fresh

Ducky_Fresh

Treasure Hunter
jiffy said:
Reddit can't move the needle but a hair on a stock like Gamestop, in comparison to institutional money. They definitely raised interest in it and are getting a lot of attention. The short squeeze hasn't even started yet. They are calling what happened Friday Gamma squeeze. It's a different scenario, but you can look back at the VW short squeeze and see what happens to a stock price during a squeeze. Not saying it will happen like that but that is an example of a large short squeeze.

https://www.reuters.com/article/us-...he-worlds-priciest-firm-idUSTRE49R3I920081028
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I think you and whoever commented before are DRASTICALLY underestimating the concept of crowdsourcing/crowdinvesting. This has been the new game changer for markets in 2020 and many, many stocks and crypto have been impacted by it.

Apparently, there was more volume on Gamestop last week than in the last 3-4 years combined or something ridiculous.

Watch the citron video on youtube. Look at the downvotes. People just LOVE trolling and fucking with that guy. He has probably lost a shit ton of money on his short positions too, depending on how much time he gave them of course.

Other stocks I would LOVE to bet against in the coming months are Tesla, Snowflake, and a few others - but they are so socially backed its massively unpredictable and the fundamentals don't make any sense. I dont need swings like that. I need more stable gains.

Awesome if you can gain 20% for sure, but if you can equally lose 20%, no thanks.

BTW my CCIV is up 70% and my Palantir is up 200% - too bad I have terribly small positions (less than 5k) on both! :laughing :D
 
jiffy

jiffy

Well-known member
Ducky_Fresh said:
I think you and whoever commented before are DRASTICALLY underestimating the concept of crowdsourcing/crowdinvesting. This has been the new game changer for markets in 2020 and many, many stocks and crypto have been impacted by it.

Apparently, there was more volume on Gamestop last week than in the last 3-4 years combined or something ridiculous.

Watch the citron video on youtube. Look at the downvotes. People just LOVE trolling and fucking with that guy. He has probably lost a shit ton of money on his short positions too, depending on how much time he gave them of course.

Other stocks I would LOVE to bet against in the coming months are Tesla, Snowflake, and a few others - but they are so socially backed its massively unpredictable and the fundamentals don't make any sense. I dont need swings like that. I need more stable gains.

Awesome if you can gain 20% for sure, but if you can equally lose 20%, no thanks.

BTW my CCIV is up 70% and my Palantir is up 200% - too bad I have terribly small positions (less than 5k) on both! :laughing :D
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Both CCIV and Plantir are huge meme stocks on Reddit. The funny thing about Citron is their DD is terrible and that is the main driver for the backlash. Citron's track record is horrible recently.
 
Dubbington

Dubbington

Slamdunk Champion
If these are Reddit stocks, are you guys that have them and got into them early, just following reddit in order to learn about them and jump in?

I've followed the EV Spac stocks and got into Lordstown/Ride. The others didn't appeal especially Fisker with no product until 2022.
 
NorCalAthlete

NorCalAthlete

O_o
I'd say I tend to be in the early 25%-50% on the meme stocks. I almost never get in at rock bottom but I also exit before the dump (usually).

I've posted about it in the old thread but basically I look to reddit for tickers, a couple other spots to verify info on those tickers, then analyst ratings based on actual math / charts, then make the decision to buy in or not on whatever the play is.

There are also so many different plays I don't have the capital to try them all out so I try to be selective and always hold a reserve, never yolo my whole account.
 
jiffy

jiffy

Well-known member
Yakoo752 said:
Which is why they're gonna get their peepee's slapped and GME is going to be the catalyst
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r/Wallstreetbets has always been a meme stock Reddit page, loss porn is what they were built on? What's your thought on GME and how it will be the catalyst?
 
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NorCalAthlete

NorCalAthlete

O_o
Yakoo752 said:
Which is why they're gonna get their peepee's slapped and GME is going to be the catalyst
Click to expand...

FWIW, nobody has gotten in trouble for previous short squeezes that were far more directly and blatantly organized, including by Porsche and Martin Shkreli or however the fuck you spell his name.
 
Yakoo752

Yakoo752

USN
jiffy said:
r/Wallstreetbets has always been a meme stock Reddit page, loss porn is what they were built on? What's your thought on GME and how it will be the catalyst?
Click to expand...

Who decides what is a meme and what is advice?

NorCalAthlete said:
FWIW, nobody has gotten in trouble for previous short squeezes that were far more directly and blatantly organized, including by Porsche and Martin Shkreli or however the fuck you spell his name.
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Yet... none have had the price action that GME has.

Mark-to-market losses for GME shorts on a year-to-date basis reached $3.3 billion when trading closed on Friday

Either WSB did or did not influence the "price action" of GME.

It will be interesting to see if regulation comes from this. The retail investor has never really played such a large role in pricing...
 
jiffy

jiffy

Well-known member
Yakoo752 said:
Who decides what is a meme and what is advice?



Yet... none have had the price action that GME has.

Mark-to-market losses for GME shorts on a year-to-date basis reached $3.3 billion when trading closed on Friday

Either WSB did or did not influence the "price action" of GME.

It will be interesting to see if regulation comes from this. The retail investor has never really played such a large role in pricing...
Click to expand...

You haven't been around WSB or reddit long, most of the stocks that pop or fizzle have been talked about to no end, i.e. Tesla, Palantir, AMC, AMD, Moderna, the list is long.

That's a very dangerous game for regulators to play, IMHO. A group of people all talking good and bad about a stock, reddit, isn't manipulation. If reddit is considered manipulation then what are shows like Cramer or analysts like Citron considered? What is this thread considered?
 
mrzuzzo

mrzuzzo

Well-known member
There are so many calls expiring this week for GME. There is simply not enough stock out there right now. Seems WSB is right, if the price continues to even just stay at these levels, there will be a spike and short squeeze on Friday.

GME to the moon.
 
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