2021 Trading Thread - Page 18 - Business, Finances and Investing Forum

I don't think BB has the short interest to fuel that kind of huge gains. Could be wrong, but the IV on the options is probably already ridiculous.

Best bet would be to find another low volume/high short % target that they haven't locked in on yet. Get in ahead of the surge.

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01-27-2021 , 11:50 AM

#427

DuckMe

centurion

Join Date: Oct 2019 Posts: 124

Quote:

Originally Posted by ThrowingRocks

slight difference, everyone in GME knows it's gambling, there are a lot of people in bitcoin who think they in a store of value.

It's just becoming a question of when/if these nuts decide to finally cash in.

After CNBC aired Melvin saying they got out of their short positions, they are now reporting that other hedge funds could be in a similar position (I believe it was still nearly 100% shorted as of this morning, so not surprising).

Do they start tailing off soon? Or does this continued news and gain momentum encourage them to hold (some even tacking more on) to reach their bizarro goal of 1k/share.

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01-27-2021 , 11:54 AM

#428

Brian O'Nolan

Carpal \'Tunnel

Join Date: Nov 2005 Posts: 6,512

Do our new meme overlords like SHAK?

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01-27-2021 , 12:02 PM

#429

DuckMe

centurion

Join Date: Oct 2019 Posts: 124

Quote:

Originally Posted by Brian O'Nolan

Do our new meme overlords like SHAK?

A quick search in their current daily (spamming) thread yields these are the most popular talk as of right now:

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01-27-2021 , 12:12 PM

#430

BilldaCat

grinder

Join Date: Mar 2005 Posts: 691

man grats to anyone who held WKHS all this time ..

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01-27-2021 , 12:12 PM

#431

Priptonite

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,204

As a passive index fund investor the FOMO right now is pretty crazy. Reddit would have you believe anyone with a options account is easily banking 5 figures right now.

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01-27-2021 , 12:32 PM

#432

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Bought 1000 shares of NOK and 5.50 Mar5 call options with some of my BB profit

YOLO

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01-27-2021 , 12:35 PM

#433

DuckMe

centurion

Join Date: Oct 2019 Posts: 124

Quote:

Originally Posted by Wittgenheiny

Bought 1000 shares of NOK and 5.50 Mar5 call options with some of my BB profit

YOLO

I got cheap, it was settling a little above 5.25 so put in an order to try and buy there after my post thinking I might catch a quick dip. #wrong

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01-27-2021 , 12:39 PM

#434

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Quote:

Originally Posted by DuckMe

I got cheap, it was settling a little above 5.25 so put in an order to try and buy there after my post thinking I might catch a quick dip. #wrong

Already up 60%. I'm getting quite lucky. This is wonderful.

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01-27-2021 , 12:39 PM

#435

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 23,648

I'm running so hot right now, have to fight off the urge to over trade.

Can't stop looking though lol. NOK just blasted another 12% right after I rolled into Jun 5c

edit: NOK blasted 25+%

Still a little salty I sold GME options that would be worth 30k apiece right now

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01-27-2021 , 12:40 PM

#436

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Trading halted on NOK

What a time to be alive.

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01-27-2021 , 12:46 PM

#437

bursito

adept

Join Date: Sep 2008 Posts: 1,124

Also up a ton on NOK calls bought like an hour ago what a joke. Now do I sell right away or is this the first bump in the meme run

Quote

01-27-2021 , 12:47 PM

#438

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Never sell or the shorts win. Pretty sure we hit a circuit breaker on NOK

Diamond hands

Quote

01-27-2021 , 12:47 PM

#439

DuckMe

centurion

Join Date: Oct 2019 Posts: 124

Quote:

Originally Posted by Wittgenheiny

Trading halted on NOK

What a time to be alive.

Sitting at $8.81 right now. Up 86% on the day.

What a time indeed.

Quote

01-27-2021 , 12:56 PM

#440

bursito

adept

Join Date: Sep 2008 Posts: 1,124

I was about to sell and I realized its in my TFSA, can't do day trading there or it'll be a tax issue. So diamond hands it is.

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01-27-2021 , 01:12 PM

#441

SpursDynasty

grinder

Join Date: Nov 2005 Posts: 617

Things are cooling off? Or just taking a breather?

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01-27-2021 , 01:15 PM

#442

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,341

the self-serving talking heads on CNBC are cute, whinging about a GME (and associated stocks) bubble threatening the 'legit' market

I am sure they are aware of this:

Quote

01-27-2021 , 01:22 PM

#443

a_r_K

journeyman

Join Date: Aug 2015 Posts: 338

Quote:

Originally Posted by chytry

the self-serving talking heads on CNBC are cute, whinging about a GME (and associated stocks) bubble threatening the 'legit' market

I am sure they are aware of this:

Well lets be honest. Whats happening here is fun and we all love seeing hedge funds get blown up but it is actually making a mockery of the markets and isn't sustainable.If you actually look at WSB its now a toxic mess of shills spamming stock non stop lol

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01-27-2021 , 01:32 PM

#444

BilldaCat

grinder

Join Date: Mar 2005 Posts: 691

Quote:

Originally Posted by a_r_K

"now"?

lol when wasn't it

Quote

01-27-2021 , 01:34 PM

#445

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,341

Quote:

Originally Posted by a_r_K

Shorting stocks to 150% isn't sustainable, I agree.
The entire market is bubbly and running on a bigger fool theory mixed with unprecedented central banks interventions - bonds, stocks, digital coins, precious metals...

It's incredibly hypocritical to start complaining about a bubble only when your co-conspirators from another fund have a problem while profiting from all the other bubbles.

Quote

01-27-2021 , 01:35 PM

#446

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Quote:

Originally Posted by a_r_K

The markets have been a joke for years.

These mother****ers have been fleecing the public for too long. Maybe they'll get pinned a bit after the smoke clears.

Quote

01-27-2021 , 01:55 PM

#447

t3hbandit

Carpal \'Tunnel

Join Date: May 2012 Posts: 6,259

Events of 08 made an entire generation aware of what a joke the markets are.

Smartphones/zero fee trading has changed the game (for better and worse) Not convinced the WSB saga leads to any regulation since regulation is hedge funds kryptonite.

I'm not a BTC bull but it's also a case for that crowd. Future of money is decentralized.

Quote

01-27-2021 , 02:02 PM

#448

Wittgenheiny

adept

Join Date: Mar 2020 Posts: 776

Ya I'm hoping we see a similar trend in the markets. Breaking down of internal power structures can only be a good thing for the little guy.

Quote

01-27-2021 , 02:14 PM

#449

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,834

struggling to talk myself out of buying the last hour of AMC. That one is gonna have a few more days of this based on the speed they're organizing.

Quote

01-27-2021 , 02:16 PM

#450

revots33

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 13,475

I am not touching these but it's hilarious to watch. I love watching the rigged markets get played at their own game. Too bad Radio Shack isn't still around that would be the next candidate.

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