I am now. Used to wear a suit and tie 60 hours a week, Mon-Sat. That got real old real fast. Then real estate happened, the Heights especially. Then I got the hell outta Houston. eta: Holy crap, I remember that but never was involved. I love the final line in your article: The company quietly disappeared after the stock was delisted in 2004.
They already had their short squeeze. They had a crazy run up to earnings, dumped afterwards then proceeded to explode 30%. Sad thing is I had a position as I saw it coming but got out early because I second guessed myself. Btw not really familiar with wsb. Are they just like a group of pumpers? Is that where they do the profit/loss p*rn or whatever?
I'm not super familiar with https://www.reddit.com/r/wallstreetbets But you're right on the profit/loss posts, I'm just not sure where/when they post positions that they're attempting to squeeze. Basically the posts there range from extremely entertaining to.... “Why?? What were you doing?!! “... I think it can sometimes make anyone feel a little better knowing that your red day wasn't like their red day... Haha, I dont know how some of them do it. I've probably overlooked positions if they are on there.
I researched it and now enjoy their posts! WSB are not pumpers. They're investors (more accurately, gamblers) from all spectrums that try not to take their posts seriously. They gloat about how dumb they are. They "YOLO" everything at once and typically respond to DD with "TLDR". They like to invest in "meme" stocks (stonks). They love calls, not shares. A poster, deep****ingvalue - outlined his GME play months ago, cultivated a huge following, and was able to weaponize it into a mass movement against institutional investors. But.... at the same time.... you could argue GME was also a value play with a promising new CEO. The extent that WSB can shift the market is unknown. Insight like what deepvalue provided is rare there, not the norm. Things sure do look like fun over there though! They're printing tendies to the MOON.
Cool site showing analytics on WSB sentiment. https://www.swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
an amateur opines A professional financial journalist opines GM could easily double or triple -- or more The U.S. stock market has surged to new highs over the past year. The S&P 500 trades for more than 25 times forward earnings. High-growth EV specialists trade at much loftier valuations. Meanwhile, even after its recent surge, GM stock trades for less than nine times forward earnings. This rock-bottom valuation might make sense if GM's business were in secular decline, or if earnings appeared to be near a cyclical peak. However, General Motors is aggressively preparing itself to remain near the top of the global auto industry as EV adoption takes off. Moreover, it just weathered a big global economic downturn with no ill effects. thesuccessful in the long run. Nevertheless, investors aren't giving the company enough credit. As General Motors provides more proof of its long-term growth potential in the years ahead, GM stock could easily double or triple -- or more. that's good enough for me, time to load up some more i already have a Jan 2023 45 strike diagonal CALL calendar spread. just double down on GM w another LEAP calendar spread, w the 55 strike CALL my objective w these diagonal spread to collect monthly income/premium from buy back the short leg and sell a higher strike CALL w a farther out expiration, so that, by Sep/Oct, the spread will effective become a "no-cost" one; then continue to collect monthly income until expiration, at which time the long leg will be DEEP in-the-money
lol. Yes, CMGI was one I owned back then. That was another insane one. What's hilarious is I see I was still trading that thing back in 2007. It actually was making some acquisitions back during the dotcom bubble for a period with buying majority interest, I think, in "name" companies like Alta Vista and Lycos. They also bought a bidding/auction company called uBid that I used to get cheap electronics and computer equipment on. From what I just looked up, CMGI kinda still exists, but it's been renamed to a company called Steel Connect. STCN is the symbol.
It is. But the stocks on that list are really heavily shorted. lol. SPCE's last launch attempt was aborted, and they know the reason why it failed, but I don't know if a new launch date has been announced.
Phew! Up 40% in pre. Sens down on direct offering, re-entering for round 2, but a smaller position this time. May take a few months for fda approvals before price moves again.
