Trading the stockmarket (NO Referrals)

Surely at some point it has to tank? Surely....
It does make me want to put some money into Nokia and Blackberry though. I made some good returns on Nio, reinvesting profits into bb/nok is stupid but it’s also very tempting!
This is insane.
 
Alex_6n2 said:
It depends entirely upon the hive mind

Look at $TSLA, another unprofitable business but everyone gets involved.
Click to expand...
It's completely crazy isn't it... TESLA on the face of it is completely overvalued when you look at it, but yes you could argue they're the most successful EV manufacturer and technology company... I guess their figures which are released tomorrow will tell us just how successful Q4 has been (I personally and I have a vested interest feel it will be a good report).

What I'm saying is, Game Stop is potentially just brick and mortar stores which are dying if you think that way. EV is the future.

This is potentially more insane than Tesla, especially with people saying they're hoping for $1K

Ahleckz said:
Surely at some point it has to tank? Surely....
It does make me want to put some money into Nokia and Blackberry though. I made some good returns on Nio, reinvesting profits into bb/nok is stupid but it’s also very tempting!
This is insane.
Click to expand...

My opinion is NIO has stagnated for a bit, it's not day trading for huge rewards, I expect it's going to be a slow burner over the next two years. This month is GME.
 
EssKEEVXYAA5RFF


Most traded stock on the planet.
 
If the shorts have to keep covering their bets, then surely the price keeps going up? Or, the alternative is the shorts just abandon it and loose billions. Has something like this happened recently? What was the outcome?
 
Ahleckz said:
If the shorts have to keep covering their bets, then surely the price keeps going up? Or, the alternative is the shorts just abandon it and loose billions. Has something like this happened recently? What was the outcome?
Click to expand...

Closest thing was VW in 2008 I believe. VW became the highest valued company in the world for a day or 2.
 
Former SEC lawyer on CNBC wants a ten day trading halt on GME and r/wallstreetbets to be investigated for market manipulation. :D They're so mad that normal people are ruining these parasitic short seller institutions by simply buying and holding shares. I love it.
 
It depends on the SEC too. You could argue stock manipulation tactics amongst other things.

They could suspend trading of $GME I suppose, but it doesn't fix the short exposure
 
Alex_6n2 said:
It depends on the SEC too. You could argue stock manipulation tactics amongst other things.

They could suspend trading of $GME I suppose, but it doesn't fix the short exposure
Click to expand...

Not sure they can do much about tens of thousands of individuals "liking a stock" They could try to go after Reddit itself, but with 2.4m users now, possibly another 5m or more viewers, on the WSB sub, there's little they can do to them.

I'm not sure what suspending the stock will achieve. There will still only be 69m issued shares with 140m shorts.

It's trading at 0.9x revenue (or was before the end of today), which in todays world of crazy valuations is nothing. One could argue that given that the shorts were artificially depressing the price, that it was underpriced to begin with.
 
Noxia said:
Can someone explain as to a child how out of hours price fluctuations work.
Click to expand...
When the market closes, it doesn't really close. Some of the market can continue to trade out of hours, a smaller percentage of people who pay additional fees.

It means most people including most retail people don't trade outside of market core hours.
 
G-MAN2004 said:
Former SEC lawyer on CNBC wants a ten day trading halt on GME and r/wallstreetbets to be investigated for market manipulation. :D They're so mad that normal people are ruining these parasitic short seller institutions by simply buying and holding shares. I love it.
Click to expand...

It's a war of retail vs wallstreet, I'm almost tempted to contribute to the war effort myself just to stick it to those vampires who have rigged the game for so long, it's certainly entertaining watching from the sides
 
Hyburnate said:
It's completely crazy isn't it... TESLA on the face of it is completely overvalued when you look at it, but yes you could argue they're the most successful EV manufacturer and technology company... I guess their figures which are released tomorrow will tell us just how successful Q4 has been (I personally and I have a vested interest feel it will be a good report).

What I'm saying is, Game Stop is potentially just brick and mortar stores which are dying if you think that way. EV is the future.

This is potentially more insane than Tesla, especially with people saying they're hoping for $1K



My opinion is NIO has stagnated for a bit, it's not day trading for huge rewards, I expect it's going to be a slow burner over the next two years. This month is GME.
Click to expand...

aye, I think you’re right about Nio. It’ll grow, for sure, but I don’t see huge jumps anymore.

I’m talking myself into gme, just purely because it seems a self repeating prophecy at this point. Shorts have to be covered, so the price increases. Someone has to blink and the house of cArds will come down but I think there’ll be more growth.
This isn’t investing though, it’s a complete gamble.
 
Hyburnate said:
When the market closes, it doesn't really close. Some of the market can continue to trade out of hours, a smaller percentage of people who pay additional fees.

It means most people including most retail people don't trade outside of market core hours.
Click to expand...

Ah that's quite simple then. Thank you. So whatever they close at is what it opens at tomorrow afternoon?
 
You must log in or register to reply here.
Back
Top Bottom