Boiler Room: The Official Stock Market Discussion

[Liu Kang]

Ya I figured. I already knew the answer though, I do research before asking y’all nikkas shyt. I want to see the replies

Another thing you could do if you feel the market is going in the wrong position for you is sell to your current position (partially or not) and with the capital you got back, rebuy shares at a lower price. If you exit partially, the avergage down will be better than if you don't exit at all but you'll have to eat a loss to do so. Basically "buy high, sell low and rebuy lower to sell higher". This could make up for the loss if the stock rallies back up but only if you feel like the market is having a setback.

 

[L&HH]

I predict that this GME trend will go onto until either it hits $1000 or when RBLX IPO drops. WSB will move onto RBLX. If you made disgusting losses with GME, AMC, BB, NOK you will most definitely get them back plus more if you invest in RBLX.

I ain't worried, imma drop a crazy bag on RBLX.

Yeah I think the gameplan now is to srategize the next move ahead of time. If this GME shyt works out (it already has) then we need to figure out where all these retail wallsteertbetters are going to dump their gains. Get in early and once they start buying in cash out.

 

[jadillac]

NOK seems like a dead play

 

[Rickdogg44]

This may be a stupid question...

If you’re trying to average down, only way is to buy more at a lower price?

Sell a cash secured puts at a strike you wouldn't mind buying. Sell it on a red day on that stock. Collect some premium along the wsy

 

[L&HH]

Brought a 650 call. fxck the street

On GME? Are brokerages making you phone in on options?

 

[GetRichOrDieTryin]

they tryna stop all this shyt from really breaking out again

they cant stop me
even if they stopped me

 

[jadillac]

I was giving you shyt w/ the bar money comment, but I stand by what I said, now isn’t the time to sell.

I’m also a ‘safe’ investor. I spent most of yesterday buying up Apple, Delta and various social capital stock. But if GME / AMC is a small part of your portfolio, then it makes sense to stand in for the upside as opposed to cutting at a small loss.

But I shouldn’t say this without all the details, so jog my memory what did you buy it at?

19,

 

[L&HH]

NOK seems like a dead play

It is. It has good longterm value. It might make a trail run if this GME move happens so because of those two reasons I'm still holding my position on it. Just hoping to get out around $7 (I bought at $6.60)

 

[OneManGang]

Another thing you could do if you feel the market is going in the wrong position for you is sell to your current position (partially or not) and with the capital you got back, rebuy shares at a lower price. If you exit partially, the avergage down will be better than if you don't exit at all but you'll have to eat a loss to do so. Basically "buy high, sell low and rebuy lower to sell higher". This could make up for the loss if the stock rallies back up but only if you feel like the market is having a setback.

This was really the answer i was looking for, but I wasn’t sure about the economics of it...if it made sense. I’m working and looking at these stocks making plays at the same damn time...judgement is cloudy

 

[newarkhiphop]

 

[winb83]

Or you recognize 6 dollars yesterday was an overreaction from not being able to buy it on certain brokers.

That falls in line with DGAF about your losses because you may be right but you may be wrong and if you're risking more you can't possible go into that thinking this is guaranteed.

 

[Liu Kang]

She bought 100k of options for the right to purchase Tesla at $500 a share no matter the current price
So yeah she’s making a killing

If I understand it right, she bought the option to buy those shares from somebody who bought it at that price ? Sorry but I don't really understand how is it possible for her to get a strike price that low.

 

[L&HH]

it really depends if the hedge funds truly got out of their short positions
if not the call expirations today will exercise and they'll have to cover more of their positions
the other part is that they'll keep trying to short the stock because they want to cash in on the crash
there is a ceiling on this though I just don't know what it is

They didn't get out of their positions. There's not enough shares that exist for them to that's the crux of why this is happening the way it is. They may have done some things to lesson the blow. But the only way out for them is to scare enough of us off to drop the price so they can buy. There wasn't near enough volume yesterday for that.

 

[Rekkapryde]

NOK seems like a dead play

yeah, I only got like 40 shares so I might just eject on that shyt.

keeping my BB and AMC tho

 

[Rekkapryde]

It is. It has good longterm value. It might make a trail run if this GME move so because of those two reasons I'm still holding my position on it. Just hoping to get out around $7 (I bought at $6.60)

same price I did.