I cant stop looking man. You can literally just focus on BB, GME, NOK, AMC - watch the RSI & MACD, and scalp winnings, then dump them into the other, then to the other, then to the other. Moving your pot as it grows. Wild. Meanwhile PLTR is under the radar doing 20%. PS. Cathie bought like 1mil Twitter shares. And it's a dip so. Win-win.
There will be a lot of people (mostly casual investors) stuck holding the bag once these stocks come crashing back down eventually, no? I fear that these people will learn first hand about how easy it is to go from being up to being down annd losing money.
They had a guy on TV that said that these companies should be printing as many shares as the possibly can to sell into the market as much as they can to raise war chests, and some of them might actually come out of the other side as good companies. One guy said that Gamestop could raise $10 billion today and buy Valve, thus instantly making them relevant again. Also, imagine being an executive as these dying companies sitting on worthless options or shares and all of a sudden your mega wealthy.
My SPACs been getting rocked this week. My guess is Robinhood gang is shifted funds out for their YOLO stocks.
I'm finally jumping into this game, but I'm going to go with an index fund. I don't feel like paying attention to the market, I'll never get any work done.
Honestly I Hope this continues, even if the the suits make some or bleed it's time for everyone else to have a shot. There were multiple times we've seen stocks propped up or crash based on major movers controlling the whole thing and now that retail traders are doing similar on a small scale - it's suddenly "not professional/bad" - gtfo
“Stock manipulation carried out by random losers on the internet is never okay,” 15 senators said in joint statement. “The integrity of our markets is sacred, and should only be violated by US senators who got a really good tip about a hot stock.” /s
Lol, they gotta be smart on the gains, I'm hoping the little investors scale out and secure profits. 1 billion volume on amc, lol. I closed most of my AMC in premarket. I honestly had to make sure the coffee was working though... I was looking for $6-8 in few weeks not $20s lol.
in my opinion m1finance is the best platform for long term. robinhood or webull for swing trades. and lastly Fidelity for OTC. That is where i have my stuff set. I love M1Finance for what it is. Hands off dollar cost averaging with dividends and deposits. Just make sure what you have there is generally what you want to hold onto for a long time (unless something changes within the company) and you are set and good to go.
make a point to go see a movie there sometime and tip a few people a $20. Just say, "thank you for being you" lol.
Lol I was pointing out something like this recently to someone, and they tried to tell me "their party didn't partake in that..." lol - I basically told them money can be made the same regardless of party. On fidelity, when doing an otc does it post pretty quickly? I haven't traded otc and while I know it can be sketchy - I wouldn't mind having the option to put a small position in a few otc stocks.
Let's face it. People like to treat this as a "Robin Hood" theme, but right now it's just a free-for-all against highly-shorted stocks to make a ton of money quick. Very few care about the company, who's in it, who's making money, etc. In a sense, what we're seeing is similar to the political climate and the protests. Get a group of people together who want to be together for whatever reason, band up together, and "fight for the cause" ... or print money -- whatever. lol. If you don't know what a short is -- in simple terms, you're basically selling stock you don't have in the hopes that the stock price goes down further so that you can become "whole" by buying it back much cheaper, thus profiting on the difference between the buy and sell price you paid. Your broker basically lets you do this borrowing -- they lend you the shares you don't have. You have to pay fees/margin on this loan to borrow those shares, however, so that's a premium tacked on to your initial cost, and it may not be cheap. So you're basically selling 20 XYZ @ $10 in the hopes that you can buy 20 XYZ @ $20 later and profit. So in this scenario there are "big bad guy" companies like hedge funds that make a lot of their money by shorting stocks. They look for fundamentally weak companies and try to press their stock value down further by shorting the stock. The problem is when (if) the stock rises, they have to reassess whether or not they want to stay in it because the more it rises, the more they lose money -- they need it to go down to profit. So a) they can dump more money into more shorts by paying for more stocks short + the margin/premium associated with it or b) they can buy stock and become whole again. So if they're short 100,000 shares, they would buy back 100,000 shares. But what happens when you buy shares? Especially that large... stock price goes up. So now you have all the "wholesome lads/good guys" in WallStreetBets and around the planet including big boys who want to make money by going long piling into the stock lifting the price (bigly), and it's a monstrous amount because .... there are more shares shorted than are available for Gamestop. How in the hell that's allowed I don't know, but ... there you go. The more that stock was shorted, the bigger the opportunity for it hit the radar of the WSB crowd (and other long stock buyers). There are many who say short sellers are needed just for situations like this, but they're hated, as well. Arguments go both ways. lol. They do. There are big players probably trading away during this run-up. A lot of hedge funds and the like have already been watching WallStreetBets and hired people to know what to stay out of.
I haven't bought too many OTC's but have not had any issues that I am aware of when compared to anything else.
