Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

RH is the easiest target as many folks have been honest in saying especially with them billing themselves as advocates for the “little guy” but ya a lot of these exchanges were complicit in the fukkery on thursday

true but where RH fukked up is they pretty much juelz about what is happening and they are going to be held to a certain standard by new investors because of what their app was supposed to represent.

obviously they are corporate as shyt and always were but they sold themselves as something different. i always felt the app was trash anyway because of how many times it went down during key events.

plus their CEO is trash at crisis management. dude was in some shyt that was well above his paygrade and looked like a clown at his appearances.

 

[FatherSimp]

My penny stock was supposed to do numbers last week

fukking Gamespot hoed me

Once again white people fukking over the black man

 

[Chrome2279]

NOK play for next week... read the instructions

 

[dora_da_destroyer]

No offense but all of us know about Reddit boards, no need to keep posting everything from Reddit in here. People here know where to look or got their own plays

 

[FaTaL]

fellas I have a dilemma, i switched over to fidelity but because of transfer issues and money i got stuck in rh i only have 300 bucks to spend on monday. how much of both amc/gme should i get? i cant decide how to go from here

 

[Cadillac]

there is an actual formula for it, someone posted it on reddit Thursday

formula for what?

 

[LinusCaldwell]

How does one educate themselves about capital gains and not let the gov take 30-40% of my investments...

 

[Serious]

I’m most likely sitting back this week.

I agree with Jeremey here:


Everyone and they momma are stock experts now. So now I’m going fall back. If I see some deal pop in my long stocks then I’m buying the dip because nothing has fundamentally changed about them.

 

[winb83]

fellas I have a dilemma, i switched over to fidelity but because of transfer issues and money i got stuck in rh i only have 300 bucks to spend on monday. how much of both amc/gme should i get? i cant decide how to go from here

The returns you gonna get on $300 aren’t even worth bothering with. A better idea is looking at what long positions you have that fell due to all this madness and adding to them.

I feel your pain. I want to jump in but I keep coming back to the point that the risk of loss isn’t worth the reward. This didn’t just start. I was somewhat aware of the situation when GME was $40 and didn’t jump in so why do it when GME is $300+?

 

[FabTrey]

How does one educate themselves about capital gains and not let the gov take 30-40% of my investments...

here is a nice calculator for the capital gains
2020-21 Capital Gains Tax Rates and Calculator - NerdWallet

 

[winb83]

Brehs the stock market is not some get rich quick scheme where someone else does all the work and points you at a target to throw money at.

What’s going on now is both abnormal and dangerous. With the stock market if you’re late to the party and it’s not a fundamentally sound investment it’s best to just stay away.

At this stage whatever money you throwing at this dog pile except to lose it and if you do make money don’t be greedy just get in and get out with profits.

 

[Un-AmericanDreamer]

Just getting back in. What are some worthwhile stocks/cryptos to look into?

 

[winb83]

This is great news for SoFi. Hurry it up dammit.

 

[dora_da_destroyer]

This is great news for SoFi. Hurry it up dammit.

As a person in tech, “on the roadmap” is about as reliable as Jan 1 proclamations of losing weight. Roadmap to live feature can be months to a year+

 

[winb83]

As a person in tech, “on the roadmap” is about as reliable as Jan 1 proclamations of losing weight. Roadmap to live feature can be months to a year+

I was with SoFi before they had limit buys. It was on the roadmap and we got it. I'll give them the benefit of the doubt as those are industry standard features competitors have.