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Post by JHam on Jan 29, 2021 7:40:12 GMT
Magnus are you able to see the current price for BB in Germany now?
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Post by magnus123 on Jan 29, 2021 8:39:12 GMT
Magnus are you able to see the current price for BB in Germany now? You mean Blackberry? It's at 14.50€ ($17.50) in germany. |
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Post by JHam on Jan 29, 2021 9:20:54 GMT
Magnus are you able to see the current price for BB in Germany now? You mean Blackberry? It's at 14.50€ ($17.50) in germany. Yeah. Ok thanks. There is a good chance this is the next WallstreetBets target. |
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Post by magnus123 on Jan 29, 2021 9:43:20 GMT
You mean Blackberry? It's at 14.50€ ($17.50) in germany. Yeah. Ok thanks. There is a good chance this is the next WallstreetBets target. I will keep it on my watchlist. I hope that USEG will rally again today on low float energy hype. I have some shares there with $4.30 avg. MSN was yesterday a complete joke. It was all set for a great day and than it collapsed because of RH. Still have my shares there, but missed out a lot... |
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Post by furbush87 on Jan 29, 2021 14:36:12 GMT
Wall street is going to find a way to combat this. As with politics, wall street dosen't mind us getting crumbs, but they won't let us take over. We've already seen big tech organize yesterday against the legal trading of these stocks.
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Post by JHam on Jan 29, 2021 18:52:17 GMT
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Post by furbush87 on Jan 31, 2021 12:17:12 GMT
I'll be curious to see if the hedgefunds have formed some kind of unholy alliance to combat this. As the retail guys are indicating they aren't going to take their healthy profits and walk away, but intend on driving it up further, its kind of a declaration of war. Will be fun to watch from the outside
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Post by magnus123 on Jan 31, 2021 14:07:59 GMT
Interesting article on Zerohedge: www.zerohedge.com/markets/its-not-just-robinhood-reddit-rebellion-has-clogged-entire-financial-systems-plumbingThe question is, if it's not better to move some money out of margin accounts into cash accounts... I understand now a little bit better, why so many brokers restricted trading in certain stocks and options. Especially Robinhood, who was possibly at risk of default against clearing houses. Restrictions certainly helped hedge funds, but thats umlikely to be the complete story. Options on GME, AMC etc could the nuclear bomb in this war, because the side who wins 50 billion or so needs to be paid by the other side. If the other side failes to deliver, brokers need to step in in the names of their clients and pay with their own equity. I think that this was propably not the problem for RH, as most users don't have sold put options, but for other brokers like IB definitely. But RH needs to inject massive collateral into clearing houses, because of the immense number of shares traded by RH clients. I would move away as fast as possible from RH and go to a real broker. If Robinhoods collapses, all assets in RH margin accounts will be frozen. |
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Post by magnus123 on Jan 31, 2021 14:18:07 GMT
People who started this on reddit have likely already sold, or not? I mean they didn't want to start a crusade against hedgefunds. They just saw a massive market imbalance and capitalized on it, making a lot of money. Why would these guys risk everything they earned? A lot of people stepping in now don't get that it's not really about a war, in which it has turned into, but about making money. I think that they will lose a lot of money and even if they say that they don't have anything to lose, in the long run, they will maybe look back and see that it wasn't worth it to ruin themselves for an ideological war. Smart people on reddit have sold the shares to the modern crusaders.
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Post by selluwud on Jan 31, 2021 14:46:24 GMT
People who started this on reddit have likely already sold, or not? I mean they didn't want to start a crusade against hedgefunds. They just saw a massive market imbalance and capitalized on it, making a lot of money. Why would these guys risk everything they earned? A lot of people stepping in now don't get that it's not really about a war, in which it has turned into, but about making money. I think that they will lose a lot of money and even if they say that they don't have anything to lose, in the long run, they will maybe look back and see that it wasn't worth it to ruin themselves for an ideological war. Smart people on reddit have sold the shares to the modern crusaders. I had a chat with my son this weekend and he is now playing with house money with an opportunity to turn 1500. to 30,000. I think there's still some plays on the heavily shorted stocks to make a squeeze but it's only a matter of time before big money figures out how to gain the upper hand. There will always be fear and greed no matter what. I bought some AMC for a quick turn and am looking at silver which is undervalued to gold and is also heavily shorted. |
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Post by magnus123 on Jan 31, 2021 14:57:44 GMT
People who started this on reddit have likely already sold, or not? I mean they didn't want to start a crusade against hedgefunds. They just saw a massive market imbalance and capitalized on it, making a lot of money. Why would these guys risk everything they earned? A lot of people stepping in now don't get that it's not really about a war, in which it has turned into, but about making money. I think that they will lose a lot of money and even if they say that they don't have anything to lose, in the long run, they will maybe look back and see that it wasn't worth it to ruin themselves for an ideological war. Smart people on reddit have sold the shares to the modern crusaders. I had a chat with my son this weekend and he is now playing with house money with an opportunity to turn 1500. to 30,000. I think there's still some plays on the heavily shorted stocks to make a squeeze but it's only a matter of time before big money figures out how to gain the upper hand. There will always be fear and greed no matter what. I bought some AMC for a quick turn and am looking at silver which is undervalued to gold and is also heavily shorted. I'm talking about people who are / were all in in GME, making tons of money. Can't believe that they havn't locked in profits. It's more like the newbies are going all in in GME at current prices, loading heavy future bags... I have some AMC as well and bought silver structured products on friday, but thats really casino money. Nothing to be concerned about. People being on a crusade will lose everything in my opinion. |
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Post by furbush87 on Jan 31, 2021 20:21:45 GMT
I had a chat with my son this weekend and he is now playing with house money with an opportunity to turn 1500. to 30,000. I think there's still some plays on the heavily shorted stocks to make a squeeze but it's only a matter of time before big money figures out how to gain the upper hand. There will always be fear and greed no matter what. I bought some AMC for a quick turn and am looking at silver which is undervalued to gold and is also heavily shorted. I'm talking about people who are / were all in in GME, making tons of money. Can't believe that they havn't locked in profits. It's more like the newbies are going all in in GME at current prices, loading heavy future bags... I have some AMC as well and bought silver structured products on friday, but thats really casino money. Nothing to be concerned about. People being on a crusade will lose everything in my opinion. Once the hedgefunds figure out that these guys are at war with them, trying to squeeze them for everything and not being satisfied with a 1500% gain, the hedge will strike back. Then you'll have 100,000 retail investors that are all stuck in the same prisoners dilema. If we all stick together we'll be fine, but I got mine. |
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Post by selluwud on Jan 31, 2021 22:17:51 GMT
Just as an observation of late,it seems the man on the street is knowledgeable about stocks, handing out tips and making money. Being 68 going on 69 years of age I’ve seen this scenario a few times and remember tales my Dad told me about the Great Depression. When the common man is too confident and seeing the playing field, the very wealthy in this world will manipulate the market to fail and suck up some more of the poor mans money. I’m trying not to preach gloom and doom, but some of the “tells” are lining up and you’d better be paying attention.
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Post by magnus123 on Jan 31, 2021 23:05:07 GMT
I'm talking about people who are / were all in in GME, making tons of money. Can't believe that they havn't locked in profits. It's more like the newbies are going all in in GME at current prices, loading heavy future bags... I have some AMC as well and bought silver structured products on friday, but thats really casino money. Nothing to be concerned about. People being on a crusade will lose everything in my opinion. Once the hedgefunds figure out that these guys are at war with them, trying to squeeze them for everything and not being satisfied with a 1500% gain, the hedge will strike back. Then you'll have 100,000 retail investors that are all stuck in the same prisoners dilema. If we all stick together we'll be fine, but I got mine. Yeah, it's not over yet. But we will have some interesting weeks ahead... And you line up one interesting thing: the change in who is stuck in his position. 100k retail investor is conservative, maybe a few million? And now here comes the clue. Let's imagine that every single GME share is in the hands of retail and only one of them starts selling. What will happen? Of course a massive collapse in GME, all the way back to a few bucks. Of course, hedgefunds are almost nuked then, but is it over? Likely not, because they have deep pockets and the power to strike back when the time arrives. And then, as you said it rightfully, retail is in the prisoner dilemma and that will be horrible, because of stock and options. Newcomers will be fully destroyed with not a single penny left in their pockets and maybe, if they have a margin account and blow it up, ending in net negative territory. Also in AMC, EXPR, KOSS, but mostly in GME. Yes, folks on reddit have diamond hands, but when the selling cascade starts, it will be entertaining .... like the short squeeze was:) |
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Post by JHam on Feb 1, 2021 3:49:39 GMT
Once the hedgefunds figure out that these guys are at war with them, trying to squeeze them for everything and not being satisfied with a 1500% gain, the hedge will strike back. Then you'll have 100,000 retail investors that are all stuck in the same prisoners dilema. If we all stick together we'll be fine, but I got mine. Yeah, it's not over yet. But we will have some interesting weeks ahead... And you line up one interesting thing: the change in who is stuck in his position. 100k retail investor is conservative, maybe a few million? And now here comes the clue. Let's imagine that every single GME share is in the hands of retail and only one of them starts selling. What will happen? Of course a massive collapse in GME, all the way back to a few bucks. Of course, hedgefunds are almost nuked then, but is it over? Likely not, because they have deep pockets and the power to strike back when the time arrives. And then, as you said it rightfully, retail is in the prisoner dilemma and that will be horrible, because of stock and options. Newcomers will be fully destroyed with not a single penny left in their pockets and maybe, if they have a margin account and blow it up, ending in net negative territory. Also in AMC, EXPR, KOSS, but mostly in GME. Yes, folks on reddit have diamond hands, but when the selling cascade starts, it will be entertaining .... like the short squeeze was:) Yeah, just watching the action with Dogecoin the other day was hilarious. People chanting "hold the line!!" "Remember, NO ONE SELL!!". Meanwhile the stock was having wild 200% swings within 30 seconds spans. So much for holding the line, lol, but it is hard for anyone to not look at a 900% profit and not do anything. If the WallstreetBets gang is smart, they'd shift/add to their tactics. I'm sure there are several other ways they could beat up on the hedgies if they got creative. |
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Post by furbush87 on Feb 2, 2021 2:49:07 GMT
So far appears I am right
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Post by magnus123 on Feb 4, 2021 17:44:36 GMT
Sad to see retirement accounts blowing up.
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Post by selluwud on Feb 4, 2021 20:05:57 GMT
Sad to see retirement accounts blowing up. Ponzi, multi-level marketing, pyramid................all the same schemes with different names. someone sells as many people as they can on the idea of quick riches but who is the first to pull out the bottom Ace from the house of cards. |
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Post by magnus123 on Feb 4, 2021 20:49:04 GMT
Sad to see retirement accounts blowing up. Ponzi, multi-level marketing, pyramid................all the same schemes with different names. someone sells as many people as they can on the idea of quick riches but who is the first to pull out the bottom Ace from the house of cards. I just hope that people won't harm themselves, if they are all in... |
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