jaisonline Posted January 30, 2021 Author Share Posted January 30, 2021 Let’s see if $RKT gains some traction in WSB. None of the posts below are mine. Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted January 30, 2021 Share Posted January 30, 2021 So while watching all this GME action from the sidelines I thought this will make a good movie someday like The Big Short. Also, knowing someone else had to be on to this before everyone else and that they were the real one getting rich. Kinda of like Dr. Burry (Christian Bale character) did in the Big Short. Well to my surprise it was him again and this guy: Quote Link to comment Share on other sites More sharing options...
Mark Twain Posted January 31, 2021 Share Posted January 31, 2021 The trolling has entered new levels from the reddit army. Members are taking out billboards in multiple cities saying they aren't going to sell $gme no matter what and one of them even hired a plane a flew a banner over Robinhood's HQ. 3 1 Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted January 31, 2021 Share Posted January 31, 2021 (edited) All major bullion dealers (Apmex, JM Bullion, SD Bullion, etc.) have paused the sale of physical silver until the markets open at 1800 EST. Has not happened before they usually just raise the premium to cover if markets open gap up. This is the equivalent of Robinhood not allowing the purchases of GME. Short contract expires 4/30. Edited January 31, 2021 by Pseudoty 1 1 Quote Link to comment Share on other sites More sharing options...
KShine Posted January 31, 2021 Share Posted January 31, 2021 It will be interesting to see how strong things could start out this week (after a weekend of people hearing more about it, and looking to join the party). At some point, the machine will likely look to fight back hard (determined to crush this, at all costs) to discourage it from happening again. Quote Link to comment Share on other sites More sharing options...
Cheese Posted February 1, 2021 Share Posted February 1, 2021 (edited) 13 hours ago, KShine said: It will be interesting to see how strong things could start out this week (after a weekend of people hearing more about it, and looking to join the party). At some point, the machine will likely look to fight back hard (determined to crush this, at all costs) to discourage it from happening again. The machine is already fighting back. Margin requirements have been tightened by the Clearing Houses, which ultimately has impacted brokers. Key question now, is with those positions that were taken out last week, (when there were no limits to what you can buy) now having been settled and thus with the increased capital available, will the brokerages lift trading limits? My guess is no, since they know that there will be a tidal wave of orders coming in when that happens, especially with the increase coverage and then there is risk that brokerages will go bust. My wife even knows about it and her friends have called her to ask for my take! Similarly, lot of new funds have come in and put on new shorts, albeit at a higher level, since the price of GME no way reflects its true intrinsic value. They'll wait this out, since they know their time will come. Retailers, especially those late to the party will get hurt. It may well go up from where it is today, but the so called Gamma Squeeze, i doubt will happen, since the funds have deep pockets and will just put more and more on, until this is broken. Also, one thing that people don't factor is, the possible introduction of new shares. These shorted companies, would be insane to miss an opportunity whereby they could raise much needed capital by issuing new shares to shore up their balance sheet. I suspect that this is happening as we speak and that is why we've heard nothing from GME and AMC. Whats to stop GME agreeing to issue 50 million new shares at let's say $200, which the shooters could buy at discount and cover their shorts? Nothing! Beware jumping in! Edited February 1, 2021 by Cheese 1 Quote Link to comment Share on other sites More sharing options...
coelian Posted February 1, 2021 Share Posted February 1, 2021 If you are trying to get rich at this price point, I'd caution against it. If you just wanna put in a few bucks into the game as a protest to the rigged system then well it's a conscious choice that you may be left holding the bag. No one truly knows how much of the older shorts have been covered, short interest still super high but could jolly well be new funds coming in to play. The whole game is insanely rigged against the little guy. Firms like Citadel are in a win win situation regardless how this plays out. Quote Link to comment Share on other sites More sharing options...
BricksBrotha Posted February 1, 2021 Share Posted February 1, 2021 (edited) 3 hours ago, coelian said: If you are trying to get rich at this price point, I'd caution against it. If you just wanna put in a few bucks into the game as a protest to the rigged system then well it's a conscious choice that you may be left holding the bag. Maybe not on GME, AMC and others floated earlier, but I took a position in Dogecoin when it was a fraction of a cent last week. Also took a few positions in silver (mining) knowing these were the next targets exposed as being over shorted. Its just a matter of when you take your position, lots of money could be made if looking in the right places. Another thing to keep in mind, the first wave of tax return money is not far away as well. Personally, Ive got the popcorn ready and the accounts loaded up. This should to be an entertaining week. Seeing now it sounds like silver was just smoke. Guess its GME to the moon and diamond hands all around haha Edited February 1, 2021 by BricksBrotha update Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted February 1, 2021 Share Posted February 1, 2021 4 hours ago, Cheese said: Also, one thing that people don't factor is, the possible introduction of new shares. These shorted companies, would be insane to miss an opportunity whereby they could raise much needed capital by issuing new shares to shore up their balance sheet. I suspect that this is happening as we speak and that is why we've heard nothing from GME and AMC. Whats to stop GME agreeing to issue 50 million new shares at let's say $200, which the shooters could buy at discount and cover their shorts? Nothing! Beware jumping in! I believe that is exactly what AA proposed on Friday. That is why the play is physical silver not SLV. @jaisonline I know you said Stocks only so not sure if you meant no Crypto as Silver is a commodity so please delete if so. The silver sales on eBay have been unprecedented with silver going for a minimum of $10 over spot. Look at this listing from Scottsdale a reputable US Mint normally they will sell a few bars a day but sold out over 20K bars https://offer.ebay.com/ws/eBayISAPI.dll?ViewBidsLogin&item=361258016175&rt=nc&_trksid=p2047675.l2564 Quote Link to comment Share on other sites More sharing options...
BricksBrotha Posted February 1, 2021 Share Posted February 1, 2021 7 minutes ago, Pseudoty said: The silver sales on eBay have been unprecedented with silver going for a minimum of $10 over spot. https://www.ebay.com/itm/Lego-1-oz-999-Silver-hand-poured-art-bar-building-blocks-usable-great-gift-NEW/332580144855?_trkparms=aid%3D1110010%26algo%3DHOMESPLICE.DISCCARDS%26ao%3D1%26asc%3D20200220090753%26meid%3D0fae4926403b4930a24f63f76008f308%26pid%3D100009%26rk%3D1%26rkt%3D1%26mehot%3Dpp%26sd%3D143934800340%26itm%3D332580144855%26pmt%3D1%26noa%3D0%26pg%3D2047675%26algv%3Ddefault&_trksid=p2047675.c100009.m1982 These ones actually stack with the bottom beveled out. Guessing they dont 'inter lock' tho... 1 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted February 1, 2021 Share Posted February 1, 2021 AMC-stonk ??? 1 1 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted February 1, 2021 Share Posted February 1, 2021 Fidelity can't handle the volume. So much for trading today.. Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted February 1, 2021 Share Posted February 1, 2021 TBH, at this point I am starting to worry about the possibility of being the last person holding the bag The amount of stress is unbearable. This is exactly why I stopped day trading a long time ago 1 Quote Link to comment Share on other sites More sharing options...
spener90 Posted February 1, 2021 Share Posted February 1, 2021 2 hours ago, Darth_Raichu said: TBH, at this point I am starting to worry about the possibility of being the last person holding the bag The amount of stress is unbearable. This is exactly why I stopped day trading a long time ago I sold my AMC this morning, from my Roth so no taxes. Made 4k in a week, it might do better, but I'm sticking with my financial goals. So I guess I no longer have diamond hands, or whatever they are calling it. 1 Quote Link to comment Share on other sites More sharing options...
BricksBrotha Posted February 1, 2021 Share Posted February 1, 2021 (edited) 23 minutes ago, spener90 said: So I guess I no longer have diamond hands, or whatever they are calling it. now youve got paper 🙌 hahah jk nice gainz 👍💪 Edited February 1, 2021 by BricksBrotha Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted February 1, 2021 Share Posted February 1, 2021 The down pressure is immense Quote Link to comment Share on other sites More sharing options...
Cheese Posted February 1, 2021 Share Posted February 1, 2021 48 minutes ago, Darth_Raichu said: The down pressure is immense There was a massive S2m call option at $20 expiring in 2 weeks time that was placed just an hour ago. You're not going to throw that money around unless you know something 1 Quote Link to comment Share on other sites More sharing options...
Scorpio69 Posted February 1, 2021 Share Posted February 1, 2021 I jumped on the bandwagon , diamond hands only . Gme, amc and bb 3 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted February 1, 2021 Share Posted February 1, 2021 Doubled my GME position to 4 💠🖖 4 Quote Link to comment Share on other sites More sharing options...
marcandre Posted February 1, 2021 Share Posted February 1, 2021 18 minutes ago, Darth_Raichu said: Doubled my GME position to 4 💠🖖 Down almost 30% today. $1000 by Friday 🚀 1 Quote Link to comment Share on other sites More sharing options...
CsabaLazlo Posted February 1, 2021 Share Posted February 1, 2021 1 hour ago, Cheese said: There was a massive S2m call option at $20 expiring in 2 weeks time that was placed just an hour ago. You're not going to throw that money around unless you know something How do you get this information? Quote Link to comment Share on other sites More sharing options...
Cheese Posted February 1, 2021 Share Posted February 1, 2021 5 minutes ago, CsabaLazlo said: How do you get this information? Level 2 access, allows you to see orders come in. Also you can see volumes of orders and trades. Very low volumes compared to last week. 1 Quote Link to comment Share on other sites More sharing options...
MarleyMoose Posted February 1, 2021 Share Posted February 1, 2021 23 minutes ago, marcandre said: Down almost 30% today. $1000 by Friday 🚀 Somebody sold a ton @10am this morning. Quote Link to comment Share on other sites More sharing options...
coelian Posted February 1, 2021 Share Posted February 1, 2021 Pretty quiet day today low volumes. Can someone explain to me how does one hedge fund sell directly to another to create these so called ladder attacks? How do u sell without going through an exchange? Quote Link to comment Share on other sites More sharing options...
Cheese Posted February 1, 2021 Share Posted February 1, 2021 (edited) Nothing to stop someone putting in a lower bid and another party filling that. Edited February 1, 2021 by Cheese Quote Link to comment Share on other sites More sharing options...
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