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[HoodWinked]

I was last year, but I had to get a loan from my 401k, so I'm not maxing that out now.

Question how much did it cost to take out the loan? I think they call it an origination fee? Also when you take out the loan is that amount removed from the 401k? They would have to liquidate those mutual funds to cash it out.

 

[German Hops]

Not financial advice.

That is financial advice. I'm taking it as financial advice.

 

[ManofOne]

Lol disclaimer nothing in this thread is financial advice.

EXPR and GME lol.

 

[ManofOne]

AAPL is a great company. Forever hold stock in my portfolio. Super bullish on them.

People forget that apple has the highest weight in the S&P ( that may not continue going forward) but it is a growth stock that has delivered an annual return of 30.0%. Its weight in the S&P is 7.0%.....I think the top 20 companies account for 35.0% of the S&P (fact check me on that)

 

[Taxexemption]

That is financial advice. I'm taking it as financial advice.

You gonna pay him a fee if you make money off of it? If I'm giving advice I can be sued for how come I don't get a cut of the profits? The game is rigged folks!

 

[Dunki]

So as someoen who totally missed the train and just read about all this gamestop stuff. Did these people just break the Stock market? Because they theroetically could do it with EVERY stock right? Who his hindering them? You can not regulate a Reddit community or a group of people. If they continue this with more and more stocks they can bankruptcy these huge investment companies right?

 

[CrankyJay™]

Oof, everything in my list is red. Might be an ignore day for me, lol.

 

[quickwhips]

Right i'm so glad someone picked this up

Does anybody THINK AMC will open lower than the $8 that it's at now in aftermarket?

When up to 11 this morning

 

[UnravelKatharsis]

So as someoen who totally missed the train and just read about all this gamestop stuff. Did these people just break the Stock market? Because they theroetically could do it with EVERY stock right? Who his hindering them? You can not regulate a Reddit community or a group of people. If they continue this with more and more stocks they can bankruptcy these huge investment companies right?

I think gamestop being shorted at over 100% put it into this unique position. Sure any stock can be pumped but probably not to this degree otherwise. It's because the shorts HAVE to cover that the price is skyrocketing. I think....

 

[ManofOne]

I think gamestop being shorted at over 100% put it into this unique position. Sure any stock can be pumped but probably not to this degree otherwise. It's because the shorts HAVE to cover that the price is skyrocketing. I think....

If they shorting a stock over 100% they'e idiots. They have to cover b/c shares are limited.

 

[ManofOne]

Btw the way there is a real danger here and it is a seriously bad one. By allowing this you're essentially tossing out efficient market theory.

Where buyers and sellers determine an efficient price via market interactions. By allowing this you're LOSING market makers. So lets say the price reaches $1000.00

WHO in their right mind is going to buy a stock at $1000? Not the shorts. They may give up at that point. So liquidity becomes a problem so you will see the spread between

the buy and sell become MASSIVE in the on coming selloff since everyone who is holding is trying to sell but NOBODY is buying. So while you may have 100.0% gain today

or tomm. The next day if their is a selloff you may have 50%, 60%, 90% loss because NOBODY is going to want to buy a the price you're selling at. The market is no longer

operating efficiently. This is why I am not touching the stock. It's toxic. Just enjoy the ride.


Those who are early will benefit the most but the ones at the bottom of the triangle will not.

 

[CrankyJay™]

Btw the way there is a real danger here and it is a seriously bad one. By allowing this you're essentially tossing out efficient market theory.

Where buyers and sellers determine an efficient price via market interactions. By allowing this you're LOSING market makers. So lets say the price reaches $1000.00

WHO in their right mind is going to buy a stock at $1000? Not the shorts. They may give up at that point. So liquidity becomes a problem so you will see the spread between

the buy and sell become MASSIVE in the on coming selloff since everyone who is holding is trying to sell but NOBODY is buying. So while you may have 100.0% gain today

or tomm. The next day if their is a selloff you may have 50%, 60%, 90% loss because NOBODY is going to want to buy a the price you're selling at. The market is no longer

operating efficiently. This is why I am not touching the stock. It's toxic. Just enjoy the ride.


Those who are early will benefit the most but the ones at the bottom of the triangle will not.

Wouldn’t shorts be needing those shares to cover though?

 

[ManofOne]

Wouldn’t shorts be needing those shares to cover though?

nope they might just take their loss.
Also if everyone decides to sell tomm. They profit. They don’t need to do anything

 

[CrankyJay™]

I really hope this doesn’t lead to some bullshit rule changes by the SEC that effectively just hurts retail investors more.

 

[Dunki]

So this time it is AMC and blackberry? Man they will change the stock market forever. This is history in the making

 

[CrankyJay™]

WSB consensus seems to be that CNBC put out a fake story that Melvin closed out their position, they're holding tight, lol

 

[Starfield]

I want to buy some AMC stock but I have to wait till tomorrow or Friday in order to do that. FUCK

 

[StreetsofBeige]

AMC up in premarket going from $5 to $20.

 

[CrankyJay™]

Some people at WSB are trying to inception NOK as the next....lol

 

[StreetsofBeige]

I might test my luck on AXDX. It's already up, but maybe room to go.

Another GameStop? Here Are the Next 10 Most Shorted Small-Caps.

Barron’s pulled the 10 stocks in the Russell 2000, an index of small-caps, with the highest short interest. GameStop was not surprisingly No. 1. But the next 10—including Dillards and AMC Entertainment --are also worth watching.

www.barrons.com

 

[StreetsofBeige]

GME at $360 premarket.

GameStop Corp. (GME)​

NYSE - Nasdaq Real Time Price. Currency in USD
In watchlist

147.98+71.19 (+92.71%)
At close: January 26 4:00PM EST
367.80 +220.92 (150.41%)
Before hours: 9:22AM EST

 

[StreetsofBeige]

Some people at WSB are trying to inception NOK as the next....lol

Why NOK? They show hardly any short ratio???

 

[BigBooper]

Why NOK? They show hardly any short ratio???

I think those are insiders trying to pump it up.

 

[finowns]

Thought I was clever and took an option on amc at $6.50. I’m out nearly 2000

 

[UnravelKatharsis]

I'm beginning to wonder just how many redditors and others will really be able to hold their shares as gme climbs.

 

[Amory]

this is some truly bizarre shit.

 

[CrankyJay™]

Oh gosh my account is down 5% right now today....waaaaaaaaaaah

 

[Dunki]

So Gamestop started the day with 300
And AMC at 19

damn XD

 

[finowns]

God I hope AMC falls below 6.50 before end of Friday

 

[infinitys_7th]

So as someoen who totally missed the train and just read about all this gamestop stuff. Did these people just break the Stock market? Because they theroetically could do it with EVERY stock right? Who his hindering them? You can not regulate a Reddit community or a group of people. If they continue this with more and more stocks they can bankruptcy these huge investment companies right?

We can only hope.

GME rise up!

 

[ManofOne]

Damn despite MSFT my account is flat today again lol!!!

 

[finowns]

Wait WSB is f-ing with AMC. These bastards should have done that before I put up my 100 shares

 

[Dunki]

edit: Wallstreetsbets is not reachable anymore XD

 

[haxan7]

edit: Wallstreetsbets is not reachable anymore XD

eTrade is slow as hell, can't load WSB.

 

[mckmas8808]

GME is bananas right now.

 

[CrankyJay™]

fml, adding funds to my brokerage and they're on hold even tho it shows as available for trading. this is BS.

 

[CrankyJay™]

i think the market goes back up tomorrow after other FAANG release their earnings

 

[Elpidio Valdés]

My cousin just made $20K in AMC, hard cold cash. And I sold last week positive $50. On my way to Home Depot to buy some rope lol jk.

 

[UnravelKatharsis]

Ameritrade is down. Interesting

 

[mckmas8808]

I can't get logged into my RobinHood account right now.

 

[Amory]

Bitcoin finally broke down through 30k.

i guess people are moving on to meme stocks for their meme money

 

[12Goblins]

Feels bad

 

[UnravelKatharsis]

I can't get logged into my RobinHood account right now.

The timing of this is odd.

 

[haxan7]

Is GME going to settle or keep going up and down hard like this?

It was just down as low as $260, now back in the 300s minutes later

 

[CrankyJay™]

What a sweet morning fakeout on PLTR, was in the $32s and just hit $37

 

[BigBooper]

Is GME going to settle or keep going up and down hard like this?

It was just down as low as $260

I see it staying high until at least Friday, when it could go parabolic or drop some on Monday. No idea what sentiment and momentum will be next week. Don't take my word for it.

 

[Dunki]

Is GME going to settle or keep going up and down hard like this?

It was just down as low as $260, now back in the 300s minutes late

It will go up. More people will join the fun

 

[haxan7]

It will go up. More people will join the fun

I've been buying singles since I woke up, some as high as 310, others as low as 260. This was all in the last 40 minutes. Not even sure where the dip is.

 

[ManofOne]

I’m up over 2.0% for the day. DKNG, and MSFT carrying me

 

[StreetsofBeige]

Down 0.7%