Discussion ***Official*** 2021 Stock Market Thread

[FelixDeCat]

Omg $156 now... I'm rich!

 

[FelixDeCat]

$176! Won't stop, game stop!

 

[Torn Mind]

Ok, who broke the stock market this time re:Gamestop. lol

 

[FelixDeCat]

Ok, who broke the stock market this time re:Gamestop. lol

I couldn't help it. I bought two more shares. I am now the proud owner of 3 shares at $144 avg.

 

[Torn Mind]

I couldn't help it. I bought two more shares. I am now the proud owner of 3 shares at $144 avg.

 

[herm0016]

lol. wtf. i'm staying out of that shit show. so wsb dumped the weed stocks to go back into gme?

 

[FelixDeCat]

lol. wtf. i'm staying out of that shit show. so wsb dumped the weed stocks to go back into gme?

Damn those toilet paper hands! My 3 shares are now $138 each! I was rich, now I'm poor again.

 

[Torn Mind]

Damn those toilet paper hands! My 3 shares are now $138 each! I was rich, now I'm poor again.

Aren't we all just a slave to impulse. haha

 

[njdevilsfan87]

Up 55% now on my 7 GME shares. Will sell at $69420 - am I doing it right now?

 

[Torn Mind]

Up 55% now on my 7 GME shares. Will sell at $69420 - am I doing it right now?

$65535

 

[ultimatebob]

Up 55% now on my 7 GME shares. Will sell at $69420 - am I doing it right now?

I'll give you a 7/10. I'm subtracting 3 points for not using any of the following words:

"Stonks"
"Tendies"
"Diamond Hands"

 

[manlymatt83]

$65535

I see what you did there Mr. binary

 

[IEC]

I like the stock.

 

[FelixDeCat]

I like the stock.

My TP hands took $149.

 

[Torn Mind]

"Hey, haven't I seen you before. I know your ticker. You're Gamestop(GME). You used to be on wallstreetbets. You used to be big."
GAMESTOP: "I am big, it was the brokers that got small."

 

[herm0016]

140 wkhs @ 15.30 added to my stonks. They have produced real trucks that are currently delivering packages, and are partnered with lordstown who has a big investment by GM for electric pickups, and what appears to be GM bodies on their not yet delivered products. I think there will be room for a commercial oriented pickup/service body electric truck they have an order for 1000 more trucks from UPS, and an existing dealer network with Ryder. They are way ahead of other manufactures and Tesla has not said they will enter this market. loosing the government contract may suck now, but it also may give them some much needed attention and allow them to focus on the stuff they already build and deliver.

 

[njdevilsfan87]

Ok, trying out 1000 FUBO @ 37.8, with 10 Mar5 38 calls sold for 4.45. Any quick rebound to $40 has me out of this position entirely. Otherwise, stock market please don't really crash until after then, thanks.

Also in for 500 GLD @ 166.58 despite the death cross, hoping gold can hold the line around these levels and and Peter Schiff isn't wrong again. It's getting to the point of do or die for gold, and DXY is falling again so that should help... if not I've got my loss confirmation target ready.

 

[dasherHampton]

Ok, trying out 1000 FUBO @ 37.8, with 10 Mar5 38 calls sold for 4.45. Any quick rebound to $40 has me out of this position entirely. Otherwise, stock market please don't really crash until after then, thanks.

Also in for 500 GLD @ 166.58 despite the death cross, hoping gold can hold the line around these levels and and Peter Schiff isn't wrong again. It's getting to the point of do or die for gold, and DXY is falling again so that should help... if not I've got my loss confirmation target ready.

FUBO is great right now for playing options (both ways) IF you have money that you can afford to lose, which it seems that you do.

I've read pretty much everything I could find on the stock and nobody really knows where it's going.

 

[njdevilsfan87]

The rising 10yr is making it difficult for markets right now. It's going up fast...

 

[FelixDeCat]

The rising 10yr is making it difficult for markets right now. It's going up fast...

Must...not..rant about sub 2%....trying to resist..

 

[Artorias]

So while the market is taking a dump Gamestop soars?

 

[dasherHampton]

Maybe I'm overdoing this safety first thing but right now I'd rather be too careful than not careful enough.

Traded

10 5/21 CRSR 30 puts - $3703
for
10 8/20 CRSR 25 puts - $3755

The stock market gods even threw in a fifty so I can get drunk tonight.

 

[njdevilsfan87]

Must...not..rant about sub 2%....trying to resist..

Maybe it's because I'm only used to an ever-ending bull market so I cannot see the appeal of ever holding these 1-2% long-term yielding assets, but looking back in not so distant history there was huge period from about 1998 to 2013 where the overall market actually performed ~flat over 10 years. 1998 to 2008, 2001 to 2011, etc. But yields were also 4-5% back then.

 

[njdevilsfan87]

Ok, trying out 1000 FUBO @ 37.8, with 10 Mar5 38 calls sold for 4.45. Any quick rebound to $40 has me out of this position entirely. Otherwise, stock market please don't really crash until after then, thanks.

Alright well trade 1 did not go as planned but I'm out at pretty much even.

Bought the calls back at 3.45 so $1000 profit there, and sold the stock at 36.85 during a small bounce for a $950 loss. Minus commissions, maybe about +$40 total.

 

[FelixDeCat]

Maybe it's because I'm only used to an ever-ending bull market so I cannot see the appeal of ever holding these 1-2% long-term yielding assets, but looking back in not so distant history there was huge period from about 1998 to 2013 where the overall market actually performed ~flat over 10 years. 1998 to 2008, 2001 to 2011, etc. But yields were also 4-5% back then.

I've lived through many booms and busts. Historically speaking the 10 yr is well below avg. The algorithms are keyed to it and automatically selling the market no questions asked.

Today's market is based solely on money printed out of thin air and this era too will come to an end. Not if but when.

The selling is causing the overleveraged to delever and momentum money to speculate in buying VOL and index puts.