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Old 06-27-2016, 11:23 AM  
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Old 01-27-2021, 10:39 AM   #6736
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Anybody else hopping on the GME train?
I wouldn't buy that stock with a 20-foot pole right now. In fact, I might buy stock in a company that makes 20-foot poles since a lot of people will need those to keep the proper distance from GME.

That's pretty much the definition of a bubble, right? I'm not reading in detail about it, but on the surface it seems like people are bidding the stock up past its real value just to stick it to a hedge fund. It will eventually re-center on its real value.
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Old 01-27-2021, 10:39 AM   #6737
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Originally Posted by ReynardMuldrake View Post
Anybody else hopping on the GME train?
Almost debated it, but it really is a "wall street bet." At some point it'll crash hard, so you're just trying to time it to not be one of the people who loses their ass. You could easily quadruple your money today or lose 90% of it.
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Old 01-27-2021, 10:41 AM   #6738
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Originally Posted by Rain Man View Post
I wouldn't buy that stock with a 20-foot pole right now. In fact, I might buy stock in a company that makes 20-foot poles since a lot of people will need those to keep the proper distance from GME.

That's pretty much the definition of a bubble, right? I'm not reading in detail about it, but on the surface it seems like people are bidding the stock up past its real value just to stick it to a hedge fund. It will eventually re-center on its real value.
Yep. And if you assume its price from a few weeks ago of around $18 is the "real" value, its current price of around $360 is overpriced by a factor of 20. Good luck with that.
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Old 01-27-2021, 11:41 AM   #6739
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I'm cashing out an entire account to buy a rental property. 2.87% interest is free money.
I'm a few weeks out from doing the same.
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Old 01-27-2021, 11:46 AM   #6740
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I bought $10k worth of AMC at $2.05 3 weeks ago. Woke up this morning like wtf. Sold it all for a nice 8x. I'm not that greedy.
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Old 01-27-2021, 11:49 AM   #6741
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I bought $10k worth of AMC at $2.05 3 weeks ago. Woke up this morning like wtf. Sold it all for a nice 8x. I'm not that greedy.
That's a major score. Nice work. What prompted you to buy it in the first place?
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Old 01-27-2021, 11:55 AM   #6742
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One thing I learned from this. Put limit orders on your stocks for crazy prices. So the bears can't borrow your money to short the stock.
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Old 01-27-2021, 12:01 PM   #6743
Hammock Parties Hammock Parties is online now
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I'm up $68 for the day.

Let me know if you want hot stock tips.
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Old 01-27-2021, 12:06 PM   #6744
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I'm up $68 for the day.

Let me know if you want hot stock tips.
Better than me. Down almost 4k this last week. If the Cciv lucid merger goes through I will make bank though.
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Old 01-27-2021, 12:22 PM   #6745
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GNUS back to 11 please

I'm still bag holding but this run is promising.
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Old 01-27-2021, 12:29 PM   #6746
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Originally Posted by MahiMike View Post
I'm cashing out an entire account to buy a rental property. 2.87% interest is free money.
Why would anyone hop on a short squeeze? I thought about shorting it now that it's primed to tank in a month. The last short squeeze was volkswagon in 2008. Look how long the peak lasted...
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Old 01-27-2021, 12:56 PM   #6747
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Quote:
Originally Posted by ReynardMuldrake View Post
Anybody else hopping on the GME train?
Yep
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Old 01-27-2021, 12:58 PM   #6748
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lol up $600

do i win the thread
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Old 01-27-2021, 01:04 PM   #6749
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Apple and Tesla report earnings today. Let’s see what happens
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Old 01-27-2021, 02:09 PM   #6750
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That's a major score. Nice work. What prompted you to buy it in the first place?
I've been buying stocks that haven't recovered yet but I think will recover to at least their February 2020 highs when things go back to normal, at which point I plan to unload - AMC, Cinemark, 3 oil cos, 2 cruise lines, Delta. I only had $10k of AMC because I knew it could go bankrupt and that's the most I was willing to risk.

I put most of the winnings in index funds but bought some Nokia and AMCX (the TV channel) for fun. Nokia way up, AMCX way down.
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