Boiler Room: The Official Stock Market Discussion

[Majestic]

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.

they will leave once it reaches $1000, they really want to retire of that shyt. i find it really frustrating that rblx have not disclosed the specific date they are going public next month. for all we know it might be the end of february.

 

[humminbird]

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.

It could be someone who sold the option with their own shares or it could be the brokerage who provides the shares
Something along those lines
Someone can correct me if I’m wrong

 

[L&HH]

This may be a stupid question...

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

Yes this has worked out wonderfully for me on AMC. I got in at $16.6 and was bleeding when it was falling yesterday. Bought more at $12 and then more at $8.5. I'm sitting an average price of $13.30. Now I'm not sweating as much and am comfortable with holding. I don't think it will fall much below $12 anytime soon.

 

[K-Deini]

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.

Fair enough. It was an educated guess just based on time in the market and knowing how emotions work

 

[dora_da_destroyer]

I read some before I bought BB. I mostly saw bullish thesis on the company about how it was an EV or cyber security play. Either that or a screenshot of buying it and a bunch of rocket emojis. Granted I didn't go back months and months.

I guess the question is does everyone get in on GME and drop all this other nonsense or do they just continue to split all the capital and dilute the real lick?

People have to do what’s right for them. At this point if you’re buying into the GME hype, I hope it’s on principle and not expecting to make money, because a lot of bag holders will be created. I bought in yesterday on principle and just so happened to get its bottom price of 120...so there’s upside and making a statement.

BB could likely make you money in the long term, they are different plays - it’s not about one or the other, it’s about what risk appetite one has and goals

 

[jadillac]

Somebody needs to do a GME with WWE stock. @Eric Brooks

Cokeboy to the moon!

 

[winb83]

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 isn't advice could go either way. I was gonna do this with Tesla pre split. Bought it at $320 it fell into the $250 range I sold. If fell down into the $170 range and since I sold inside 30 days and didn't wanna take a wash sale I sat on the sidelines. Let me tell you Tesla never got that low again and it never will. That $320 cost basis I sold at amounts to $64 dollars of the current $811 share price.

If you sell and buy back inside 30 days it's a wash sell and the cost basis you sold at for a loss gets added back on to your new cost basis ruining it. If you believe what you did when you bought it either just hold or average down.

If you already committed to gambling on a YOLO play roll with the fall and keep going. You shouldn't really gamble on a gamble like that.

 

[blackwaterpark]

Im all for the fukkery but yall keep yalls eyes peeled. A lot solid stuff is on sale because of this. Perfect time to jump in to some good stocks.

 

[Slim]

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.

She got it at a strike price that low because she likely paid a high premium for it (anywhere from 800k-1M). The options expire March 2022.

The shady part was she did this like 2 days before Biden announced massive climate/EV initiative.

 

[Serious]

NOK seems like a dead play

nok has a lot of shares. Like almost a trillion its going take a lot to move that joint.

 

[newarkhiphop]

fukin TD ameritrade just put this up

Market Volatility


In the interest of helping to mitigate risk, we have put restrictions in place on certain securities. Restrictions may include actions like increasing margin requirements or limiting certain types of transactions in the current market conditions. For the latest list of impacted stocks, visit tdameritrade.com/restricted.

Securities with trading restrictions


We have placed some restrictions on the following securities. These restrictions will not prevent clients from making basic buy and sell transactions. This list is as of January 28, 2021, 4:00PM ET.

• AMC, CVM, EXPR, FOSL, GME, NOK, BB, BBBY, FIZZ, GSX, IRBT, NCMI, TR, UONE, VIR, NAK, NAKD, DDS, KOSS

The following restrictions are in place:

• Stocks - 100% holding requirement (not marginable)
• Long calls and puts are allowed
• Covered call and short put orders may only be placed with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions.
  • Covered calls only allowed if your account currently has the shares
  • Short puts only if you have the maintenance/cash to cover the entire exercise amount of the short puts
• All other complex options orders will not be accepted
• We may also implement additional restrictions on the opening of option trades that expire Friday, January 29th

Please keep in mind that this list is not inclusive of every security restriction and may change at any time.

 

[Notley]

I'm catching up, so if thus has been discussed... my bad

They just won't publish their short positions or won't short?

I think scanners can tell you which stocks are heavily shorted. I think they are getting out of shorts based on that tweet

Because Citron published these reports openly, the regulators don't see these reports as manipulation. I have seen their reports move a stock 20% on the day it was released.

Let's be honest, their shift is purely self interest. I think they see retail as a viable market to frontrun.

Retail is showing that it can MOVE small and some mid-cap stocks. That is part of the big takeaway with this short squeeze.

 

[newarkhiphop]

remove your limits, hold the line.

 

[winb83]

People have to do what’s right for them. At this point if you’re buying into the GME hype, I hope it’s on principle and not expecting to make money, because a lot of bag holders will be created. I bought in yesterday on principle and just so happened to get its bottom price of 120...so there’s upside and making a statement.

BB could likely make you money in the long term, they are different plays - it’s not about one or the other, it’s about what risk appetite one has and goals

I'm not buying GME. I don't have enough free money I'm willing to risk and I don't have anything I'm willing to sell to get in on it. I was speaking about everyone else.

I picked BB and for better or worse I need to stick with what I picked. I will admit the GME chaos temporarily changed my view of things but I re-evaluated and BB was an actual bet on the company itself rather than a crazy gambit.

I have a target of turning that $3.3K into at least $10K and if that doesn't happen it is what it is. Now if GME falls back to the $155 range I might take a look at it harder.

 

[dora_da_destroyer]

For sure seems that way.

The social buzz isn't matching the performance.



As opposed to waiting until it stagnates out at $9 or $10 bucks, and then really lose? What do you suggest?

Do you understand how long GME has been in play? These 2 weeks are the end game, not the start. AMC is no where near as late in the run as GME, not was it shorted as heavily, y’all gotta take some time to understand these plays