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OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#301 » by MickeyDavis » Sat Jan 30, 2021 6:16 pm

Yeah I need XRP to be at about $2 to break even. My timing sucked.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#302 » by Mags FTW » Sat Jan 30, 2021 6:59 pm

MickeyDavis wrote:https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/

50 stocks that Robinhood is limiting

I bought some Trivago yesterday. Hopefully it comes flying out of the gate on Monday like AMC did.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#303 » by jr lucosa » Sat Jan 30, 2021 11:25 pm

All this talk of other shorted stocks, and how WSB is being painted as this short buster group, or some weird political movement, is just a whole lot of extra noise to try and get people away from the main story of GME and the fact that it is still shorted by well over 100% of the available float (250% according to financhill). They need to close out so many shorts still and are bleeding huge piles of money.

Chasing heavily shorted positions all the time isn't going to be some new thing, stocks never get this shorted. It was extremely careless and greedy for these hedgefunds to ever let it get this bad in GME. There will definitely be a lot of bagholders in many of these names and that will wipe out alot of the steam that is coming from people who aren't really investors.

The index funds will very likely take a beating. They tried real hard to prop em up and make it seem like everything was okay this week, but the reaction to earnings in big names was an obvious sign. I pulled all the money I had in VOO out. Very likely a stock picking year.

All just my opinion of course, not giving financial advice.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#304 » by MickeyDavis » Sun Jan 31, 2021 3:41 am

Seeing some chatter about silver being run up next. Also seeing some stuff on how it won’t happen.

There are a couple reasons why investors shouldn't expect any sort of functional squeeze on the silver market. First, commodities markets are much larger than the market capitalization of GameStop. There's plenty of actual physical metal available for both bullish and bearish traders to use.

Second, silver has been the subject of a squeeze before, so regulators are attuned to the signs of any sort of manipulation. In 1980, three brothers in the Hunt family sought to corner the silver market, capturing roughly one-third of the tradable supply of silver. That prompted a huge silver price increase, from around $6 per ounce in early 1979 to nearly $50 per ounce just 13 months later.

However, when the commodities exchanges changed the rules governing use of margin, the heavily leveraged Hunt brothers found themselves unable to pay back their debts when the price of silver started to drop. The resulting plunge sent bullion prices back down to the $5 to $10 range (per ounce) from the mid-1980s all the way until the late 2000s.

Also, unlike GameStop stock, millions of people have items made of silver. During past price spikes, massive numbers of people have taken silver items to coin dealers, pawn shops, and others to turn them into cash. No one on Reddit can control that big a market.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#305 » by thonnisbeastley » Sun Jan 31, 2021 5:54 am

Convert your XRP to ChainLink
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#306 » by MickeyDavis » Sun Jan 31, 2021 5:10 pm

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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#307 » by M-C-G » Sun Jan 31, 2021 5:15 pm

MickeyDavis wrote:Image


Yup, once big pharma 5x'd the epipen to make up for other drugs not selling as much as hoped, it was clear they don't really care about making you healthy, they care about keeping you as a customer.

The double standard by hedge funds and institutional structure is hilarious in a very sad way.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#308 » by MickeyDavis » Sun Jan 31, 2021 5:31 pm

MickeyDavis wrote:https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/

50 stocks that Robinhood is limiting

Looks like they trimmed it down to 8
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#309 » by Stannis » Sun Jan 31, 2021 6:21 pm

Ill-yasova wrote:What’s the best service for buying crypto? I see some like Doge are not available on Coinbase.


I'm with Kraken right now. They sell DOT/USD and DOGE/USD. But you have to wire money to the account, and my bank charges $30 per wire. They are working on ACH transfers, but who knows when that is going to be. It's hard to Dollar Cost Average like this.

Binance.US I heard is really good for alt coins. They have DOGE but not DOT. I'd go ahead and try to open an account with them and get on the verification list. It's a lengthy process. I'm still waiting on Level 2 verification, and it's been more than a month.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#310 » by midranger » Sun Jan 31, 2021 6:47 pm

One of my friends rented out a movie theater for his kid’s birthday and we had 15 total people in there. It was amazing being out in a theater again. Even though I was wearing a mask and sitting a seat away from my buds, it was still a blast. I think there will be an incredibly large pent up demand for such experiences once the vaccine has been widely distributed and a huge cache of movies to show. Lord knows I won’t want to be holed up in my basement playing video games by myself.

Round about way of saying, if you’re caught up with the WSB stuff, I’d rather be in AMC at $13 than GME at $320. The moonshot may not be as high, but if you’re left holding the bag, I think you’d be getting a solid medium/long term play at that price.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#311 » by MickeyDavis » Sun Jan 31, 2021 7:14 pm

What about HCMC?
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#312 » by MickeyDavis » Sun Jan 31, 2021 7:17 pm

midranger wrote:
Spoiler:
One of my friends rented out a movie theater for his kid’s birthday and we had 15 total people in there. It was amazing being out in a theater again. Even though I was wearing a mask and sitting a seat away from my buds, it was still a blast. I think there will be an incredibly large pent up demand for such experiences once the vaccine has been widely distributed and a huge cache of movies to show. Lord knows I won’t want to be holed up in my basement playing video games by myself.

Round about way of saying, if you’re caught up with the WSB stuff, I’d rather be in AMC at $13 than GME at $320. The moonshot may not be as high, but if you’re left holding the bag, I think you’d be getting a solid medium/long term play at that price.


Agreed. I have a 75" TV and a very good overall movie experience at home. But I enjoy going to the theater. I don't go to AMC but I think Marcus around here has done a good job overall to enhance the experience. I think a lot of entertainment investments will be good in the long run.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#313 » by Thunder Muscle » Sun Jan 31, 2021 7:19 pm

MickeyDavis wrote:Seeing some chatter about silver being run up next. Also seeing some stuff on how it won’t happen.

There are a couple reasons why investors shouldn't expect any sort of functional squeeze on the silver market. First, commodities markets are much larger than the market capitalization of GameStop. There's plenty of actual physical metal available for both bullish and bearish traders to use.

Second, silver has been the subject of a squeeze before, so regulators are attuned to the signs of any sort of manipulation. In 1980, three brothers in the Hunt family sought to corner the silver market, capturing roughly one-third of the tradable supply of silver. That prompted a huge silver price increase, from around $6 per ounce in early 1979 to nearly $50 per ounce just 13 months later.

However, when the commodities exchanges changed the rules governing use of margin, the heavily leveraged Hunt brothers found themselves unable to pay back their debts when the price of silver started to drop. The resulting plunge sent bullion prices back down to the $5 to $10 range (per ounce) from the mid-1980s all the way until the late 2000s.

Also, unlike GameStop stock, millions of people have items made of silver. During past price spikes, massive numbers of people have taken silver items to coin dealers, pawn shops, and others to turn them into cash. No one on Reddit can control that big a market.


Where is the best place to sell silver bullion? Pawn shop? Coin place? If it gets above $30/oz I think I'd cash out on mine.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#314 » by HaroldinGMinor » Sun Jan 31, 2021 7:31 pm

midranger wrote:One of my friends rented out a movie theater for his kid’s birthday and we had 15 total people in there. It was amazing being out in a theater again. Even though I was wearing a mask and sitting a seat away from my buds, it was still a blast. I think there will be an incredibly large pent up demand for such experiences once the vaccine has been widely distributed and a huge cache of movies to show. Lord knows I won’t want to be holed up in my basement playing video games by myself.

Round about way of saying, if you’re caught up with the WSB stuff, I’d rather be in AMC at $13 than GME at $320. The moonshot may not be as high, but if you’re left holding the bag, I think you’d be getting a solid medium/long term play at that price.


They are one of the companies that actually took advantage of their inflated price by converting debt to equity. I think their price will drop once the dust settles but that's a good one to get in on for the long haul.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#315 » by BUCKnation » Mon Feb 1, 2021 1:00 am

AMC has always been a decent play throughout this if you had some money you'd be potentially ok with losing if they indeed went bankrupt. They've been relatively steady before COVID and there was an opportunity to buy in low and do well once demand/capability is back.

I only had $100 in from earlier this fall, but it was nice to quadruple it being lumped into the GME thing.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#316 » by Siefer » Mon Feb 1, 2021 1:36 am

Do we need to flag that we're not giving financial advice? I truly don't know, but yeah, not giving advice. Anyways, my non-expert read on the GME situation is that it's turning into an actual clusterf--k the longer this drags out. Some number of WSB folks will have made a lot of money, and I think pretty much everyone (mostly retail investors) that bought during the middle of this last week are in rough shape. Melvin Capital already bailed out (I guess this isn't 100% confirmed?), and I'd guess the new shorts that we're seeing are against dollar amounts like $300, not the $20 that wrecked Melvin.

I think we're looking at an actual bubble now. This isn't going to be a win for the little guy. At best it'll be a reshuffling of the deck chairs, and at worst, a wealth transfer up the ladder. This of course isn't excusing the shady stuff we say from brokers this week, which at minimum exposed really shaky cash situations annnnnd was disastrously communicated.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#317 » by machu46 » Mon Feb 1, 2021 1:43 pm

midranger wrote:One of my friends rented out a movie theater for his kid’s birthday and we had 15 total people in there. It was amazing being out in a theater again. Even though I was wearing a mask and sitting a seat away from my buds, it was still a blast. I think there will be an incredibly large pent up demand for such experiences once the vaccine has been widely distributed and a huge cache of movies to show. Lord knows I won’t want to be holed up in my basement playing video games by myself.

Round about way of saying, if you’re caught up with the WSB stuff, I’d rather be in AMC at $13 than GME at $320. The moonshot may not be as high, but if you’re left holding the bag, I think you’d be getting a solid medium/long term play at that price.


I doubt us AMC investors will make off the way the Gamestop people did if they timed their transactions correctly, but I do think there's at least an actual logical argument for AMC to be a good investment whereas Gamestop was purely just this hilarious Reddit thing.

I am a little nervous because I do think society was already trending away from movie theaters to an extent; I don't think they'll ever be as popular as they once were. But I do think they'll rebound to some extent after the pandemic ends. At any rate, AMC is one that I'm willing to hold on to even if the short squeeze doesn't occur. Most of these other meme stocks, I have a limit in mind where I just cut my losses and move on.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#318 » by midranger » Mon Feb 1, 2021 2:22 pm

I think everyone should operate under the assumption that any unpaid, anonymous, online opinions do not constitute financial advice.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#319 » by vegaspacker » Mon Feb 1, 2021 2:22 pm

I got a couple of handfuls of AMC shares with RH, I guess I will hold them unless it goes bonkers. I also picked some Apple shares feeling that it's a good time to strike a solid.
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Re: OT: Investing/Stocks/Bonds/Mutual Funds/Crypto 

Post#320 » by HaroldinGMinor » Mon Feb 1, 2021 3:27 pm

MickeyDavis wrote:Seeing some chatter about silver being run up next. Also seeing some stuff on how it won’t happen.

There are a couple reasons why investors shouldn't expect any sort of functional squeeze on the silver market. First, commodities markets are much larger than the market capitalization of GameStop. There's plenty of actual physical metal available for both bullish and bearish traders to use.

Second, silver has been the subject of a squeeze before, so regulators are attuned to the signs of any sort of manipulation. In 1980, three brothers in the Hunt family sought to corner the silver market, capturing roughly one-third of the tradable supply of silver. That prompted a huge silver price increase, from around $6 per ounce in early 1979 to nearly $50 per ounce just 13 months later.

However, when the commodities exchanges changed the rules governing use of margin, the heavily leveraged Hunt brothers found themselves unable to pay back their debts when the price of silver started to drop. The resulting plunge sent bullion prices back down to the $5 to $10 range (per ounce) from the mid-1980s all the way until the late 2000s.

Also, unlike GameStop stock, millions of people have items made of silver. During past price spikes, massive numbers of people have taken silver items to coin dealers, pawn shops, and others to turn them into cash. No one on Reddit can control that big a market.


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