Stock Market/Investing/Day Trading/Speculative Trading Thread

[jw3]

I'm glad I dont understand options, would lose so much money.

 

[HuskerGarrett]

AMC is startin to climb boys, hop on now!

For real? Should I buy some

 

[cwessel76]

Can you dumb this all down for me? Or tell me if my dumbed down understanding is correct.

-Reddit sub decides to buy a fuckton of gamestop and drive the price up
- Hedge funds had short sold gamestop so they had to buy it back (now at a much higher price than they'd expect for gamestop)
-Gamestop stonk is now a runaway train and people keep buying imagining there is an infinite pool of people who have to buy back gamestop at some point.
-fun times are unlikely to be had by all

Again, it’s a legal Ponzi Scheme.

 

[cwessel76]

For real? Should I buy some

Unless you start rolling out instant-effect vaccines I think AMC will be in the shitter for the foreseeable future.

 

[TrentMilfer]

For real? Should I buy some

I honestly have no idea. I bought in this morning and its been quite a ride. I just like the idea of fucking over the hedge fund Fuck boys

 

[Baron Winnebago]

Again, it’s a legal Ponzi Scheme.

That's an interpretation of events

 

[cwessel76]

That's an interpretation of events

The bottom will fall out and somebody will be left with worthless stock.

Do not want.

 

[Baron Winnebago]

The bottom will fall out and somebody will be left with worthless stock.

Do not want.

Oh absolutely. I just don't get the ponzi scheme comparison. But yeah there is no reason to believe a company that was going down the tubes was going to magically become valuable long term because people tried to meme it into existence.

 

[Dell Husker]

Y'all should have bought some doge

This can only mean something good

 

[BingoDingo]

This can only mean something good

SAY IT ELON!

 

[cwessel76]

This can only mean something good

For a rich fuck, Elon Musk he sure seems to spend a lot of time on Twitter.

 

[That SOB Van Owen]

For a rich fuck, Elon Musk he sure seems to spend a lot of time on Twitter.

I honestly think he gives zero fucks about Tesla

 

[BingoDingo]

This is good stuff:

Bloomberg - Are you a robot?

 

[Dell Husker]

SAY IT ELON!

To the moon! DOGE to .04

 

[That SOB Van Owen]

I bought some doge tonight for shits and giggles and I’m up 60%

 

[Dell Husker]

I bought some doge tonight for shits and giggles and I’m up 60%

I’m up 185% on what I bought today. Same reason though

 

[BingoDingo]

I’m up 185% on what I bought today. Same reason though

Based on what I'm seeing, we are basically all gonna be millionaires by Wednesday.

 

[HuskerGarrett]

I’m up 185% on what I bought today. Same reason though

What do you use to buy doge coin

 

[cwessel76]

What do you use to buy doge coin

 

[Daddy]

What do you use to buy doge coin

Robinhood

Also, fuck robinhood

Lol