Financial News

[iDumb]

there you go, look at pre-market. i'ts happening. Good luck!!!

[iDumb]

I hope you guys are taking these wall street bets saga as a lesson and see how to avoid a pitfall. It's like cricket, some ball u just have to let go. Don't need to hit six.

GME went had a crash of more than 50% from high today. Someone bought that. mostly a regular joe who got suckered into all the glittery talk. Gambling is not investments.

[cricman]

Originally Posted by iDumb
I hope you guys are taking these wall street bets saga as a lesson and see how to avoid a pitfall. It's like cricket, some ball u just have to let go. Don't need to hit six.

GME went had a crash of more than 50% from high today. Someone bought that. mostly a regular joe who got suckered into all the glittery talk. Gambling is not investments.

Chamath tweeted about it, gave these dudes validation.

Now it's almost @200

The Hedge fund managers are also stubborn. This thing is gonna hit 1000.

It's gonna dip a few more times before it does but holy ****.

This is the financial equivalent of the MAGAs storming the capitol

[iDumb]

Originally Posted by cricman
This thing is gonna hit 1000.

It's gonna dip a few more times before it does but holy ****.

Still 500% away. I will just watch. Usually I like to be part of things but this one I will pass. Good luck.

[Tausif]

Some craziness going on in the market. Quite an opportunity for a lot of folks to make some bank!!

[cricman]

High probability Robinhood going bankrupt by Tuesday

[iDumb]

I kinda feel nauseated looking from the sideline only because I followed this story developing way before it went mainstream viral. I understood the short squeeze but the price was already so high that I didn't think the effort to cause a short squeeze would pan out as ppl with billions of dollars in fund simply don't need to close position and can easily withstand some "paper loss" . But boy the way it went viral - ddin't see that coming. WSB was a good place to get some good info sometimes. Some of those guys do good research...now ppl wanna use it to pump a stock. Problem now is it has too much attention and grew a lot.. so that value as someone to look for good ideas is getting lost.

anyways I don't know what to make of GME anymore. It's unreasonably high but i don't think it will crash rapidly. I think it will remain high for a while. and I think they will justify a much higher valuation than before and not to mention the positive advertisement that they are getting. Regardless I would take this opportunity to day trade on it given the swing it has...

could have made lot of money - i gotta train myself to be a slightly more reckless...I think it will do me good. But oh well. Hopefully market don't crash - looks a bit tired and jittery again.

[Zeeshan]

Pretty much sums up my view on this

https://www.chase.com/personal/inves...eaway-01292021

[cricman]

I should have held my SLV calls one more day (sold at 264%), but sold away the shot at life changing money.

It might not be too late to get in.

Long OTM calls at a low premium (Under $1) have a chance if you can get in at 9:30

[iDumb]

Originally Posted by cricman
I should have held my SLV calls one more day (sold at 264%), but sold away the shot at life changing money.

dont be greedy. Come up with a plan and stick to it. That forum WSB is a dangerous one for your risk tolerance. It will make a gambler out of you. And most gamblers lose money.

There are so many opportunities every single day.

[iDumb]

Originally Posted by iDumb
Sometimes I feel like I am just a lucky guy. this is funny money.. LOL .

TILRAYYY!!!!

[iDumb]

sold all my amzon and mastercard share after years. FB still undervalued i think. Apple holding hesitently. Time to shfit money from these behemoth and be more aggressive and reckless.

[iDumb]

reddit guys talking up Palantir now. more Volatility is coming . I am already 80% out of my position. Now thinking should have kept iti and forget it. that was the intention becuase i did buy it in my roth initially.

[tonoy]

I might be buying back palantir after a bit more correction. I am hoping Tesla stays at this price for a bit more if not drops more. I’m going all in on Tesla. Every bit of my bitcoin swing trades is being used to buy Tesla.

[NoName]

Great time to buy in for PLTR, tanking hard after their report.

[iDumb]

Originally Posted by NoName
Great time to buy in for PLTR, tanking hard after their report.

thanks bro. Doubled down on palantir. YOLO.

[Ajfar]

I like scrolling through stocktwits, I find it interesting to see what other people are saying. I was looking at $BA and came across an interesting company called Archer, all electric private aircraft manufacturer, aka flying taxi. They are going public through a merger with ACIC. United already placed $1B order with option for more. Anyone heard of Archer before?

[iDumb]

gmaestop back in session

[al Furqaan]

I just got into options this week. Wrote a covered call on GE with a 13 strike that expires on Friday. Its about to hit 14 so I'm thinking of just selling my shares, and buying the call back if I can get it cheap enough.

[iDumb]

bought some tlry calls for april.

[roman]

I bought PLTR, ZOM, and TTCF during the correction period. Also have Mara and Riot.

SOS is another stock I bought during dip. Not sure if that was a good pick. Any thoughts on SOS?

[tonoy]

Originally Posted by roman
I bought PLTR, ZOM, and TTCF during the correction period. Also have Mara and Riot.

SOS is another stock I bought during dip. Not sure if that was a good pick. Any thoughts on SOS?

Sounds like a Chinese scam. Wouldn’t recommend for long term. I love my riot and Mara.

[roman]

Originally Posted by tonoy
Sounds like a Chinese scam. Wouldn’t recommend for long term. I love my riot and Mara.

Yes..Thats what I am hearing also. My avg is 7.40 on SOS. Waiting for it to go up enough so I could sell. Or maybe put a trailing stop loss after it reaches my Average. Lets see

[tonoy]

Originally Posted by roman
Yes..Thats what I am hearing also. My avg is 7.40 on SOS. Waiting for it to go up enough so I could sell. Or maybe put a trailing stop loss after it reaches my Average. Lets see

I think you won’t be at a loss. I think it will most likely rebound to 10+ soon. But it’s something I wouldn’t want to hold for too long or have a large allocation of my portfolio. I’ve recovered about my Feb 22 figures thanks to crypto miners. But having said that I definitely need to redo my allocations as my crypto miners(Mara and riot) spiked over 70% of my portfolio. Ideally I’d want crypto miners to stay at 30-40% at best.

I am concerned about the market still especially with the fears that will be spewed once the March April and so on inflation data will be release which will be compared over last years(not really a fair comparison).

It might not be such a bad idea to have a little cash on the sides for the dips along the way.

I still think Nio, Tsla, pltr, are cheap and will pay off greatly end of the year.

[NoName]

Man I bought Riot before the markets took that mini-dive (my luck) so I'm still in the negatives but its gaining back

Bought MARA during the dip so glad its going back to its highs. I also have PLTR and the price it dove down to was the same price I bought in back in Jan(?). Feel like its going to be one of those companies where you buy and forget.