Economy stonks v14, brokergate

Anyone in SMSI? Thinking about buying a good amount
 
Gas121 said:
I guess I will have to thank brackis for unloading them for me to gobble up. Feeling bullish on CCIV. I think the merger will get announced next week?



Absolutely crazy stuff. Be very selective of your brokers with what's going on out there.
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I would just wait until on official announcement if I were you or maybe use some options to lower your entry point if you want to get in now. A lot of downside risk getting in at this price with nothing official.
 
brackis1 said:
lol gonna get effed bruh.

You have MGNI ya? nice comeback. Did you see my buy call on the dip to 25? I didnt put shit into it too consumed w/ spacs ;=
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still holding strong my july $15 after that stupid lawsuit news drove it down to 23



id love your thoughts on bcrx hose job incoming.
Seems to have a lot going for it, in at 10.87 this morning. Never begrudge a profit

edit did not see your call for the buy at 25
 
$CCIV. Next stop, the Moons of Endor.
Great day after Red days on Thursday and Friday.
 
$CRBP up 47%+/- today and finally out of the red on that fucker that I was initially in for 5.61 in January of 2020 and bought it down to 2.65.
I should sell, but for all the time I have been in it, it fucking owes me at least 20% of GAINZ.
 
WSB is in fucking shambles right now. It reads like TheDonald.win over there.
 
Pride23 said:
You are investing in management teams and you limit your risk by getting in as close to nav as possible. Very low risk and high reward. They have become extremely popular this past year. It's a great place to park cash or if you get wind of a merger you like you can jump in.
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That's true, and that's why I'm not in them, I simply don't have the knowledge, nor the level of trust in ANY management team with a blank cheque.

It would be different if I were in financial circles and I knew some of the people, but I don't. I know exactly one guy IRL that even invests in the space, and he is not what I'd call connected.
I am investigating a little, so maybe as I learn more, or if I come across one that looks particularly attractive that isn't too far off the starting line.
 
I've read quite a few comments from people comparing the RobinHood CEO to Martin Shkreli and I have to say the resemblance is uncanny.

5f0739f34dca682513078128


23db-shkreli2-superJumbo.jpg
 
Hadron90 said:
Price is down. Its at $185. A lot of the highest upvoted stuff said it should be $1k-$5k by now.
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A lot of newbs who have only invested in what seems like a perpetual bull market are going to get a lesson in pain.

8cTSl8.gif
 
Hadron90 said:
Price is down. Its at $185. A lot of the highest upvoted stuff said it should be $1k-$5k by now.
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This is what nobody has given a straight answer on: Institutional investors still held a shitload of GME stocks. They see the price skyrocket to $300+ from whatever they're averaged in at, let's say $15 or $20, whatever. They are pros, they're not sitting there saying "Diamond hands, we've got 'em, to the moon!!" They're probably in awe they've just profited billions by some internet group putting a squeeze on. Logic says that they know the fundamentals of the company, there's no "principles" involved for them, of course they're gonna starty unloading shares at massive profit. Which in turn eases the squeeze and drops the price, which in turn has the people who bought in at $150, $175, etc. getting sweaty palms a bit depending on how invested they are.

I mean...what am I missing on that front? How much of the company did the little retail guys actually think they had?
 
mkess101 said:
This is what nobody has given a straight answer on: Institutional investors still held a shitload of GME stocks. They see the price skyrocket to $300+ from whatever they're averaged in at, let's say $15 or $20, whatever. They are pros, they're not sitting there saying "Diamond hands, we've got 'em, to the moon!!" They're probably in awe they've just profited billions by some internet group putting a squeeze on. Logic says that they know the fundamentals of the company, there's no "principles" involved for them, of course they're gonna starty unloading shares at massive profit. Which in turn eases the squeeze and drops the price, which in turn has the people who bought in at $150, $175, etc. getting sweaty palms a bit depending on how invested they are.

I mean...what am I missing on that front? How much of the company did the little retail guys actually think they had?
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The unwashed masses staged an admirable revolt, alas, they overestimated their power. Off to the guillotine.
 
Hadron90 said:
Price is down. Its at $185. A lot of the highest upvoted stuff said it should be $1k-$5k by now.
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It’s not really in shambles at all, TBH. Everyone just saying to Hold The Line. Not sure what you’re reading over there?
 
mkess101 said:
This is what nobody has given a straight answer on: Institutional investors still held a shitload of GME stocks. They see the price skyrocket to $300+ from whatever they're averaged in at, let's say $15 or $20, whatever. They are pros, they're not sitting there saying "Diamond hands, we've got 'em, to the moon!!" They're probably in awe they've just profited billions by some internet group putting a squeeze on. Logic says that they know the fundamentals of the company, there's no "principles" involved for them, of course they're gonna starty unloading shares at massive profit. Which in turn eases the squeeze and drops the price, which in turn has the people who bought in at $150, $175, etc. getting sweaty palms a bit depending on how invested they are.

I mean...what am I missing on that front? How much of the company did the little retail guys actually think they had?
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Lol WSB doesn’t get sweaty palms. Loss porn is a meme there.
 
Trash day for me. I got shook out of 30k of Amazon/ shopify that would have made for a nice day. I went too defensive, too soon friday premarket.

I really need bb, fizz, and bby holders to capitulate already and let them die so my puts can print.
 
carrythezero said:
Lol WSB doesn’t get sweaty palms. Loss porn is a meme there.
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Oh no, not those guys. I'm talking about Joey Jerkwater who who has a Robinhood account and couldn't buy in more at $195 when they stopped trading on it but who's aunt Sally keeps her Roth IRA with Vanguard and he convinced her it was can't miss and she dumped $25k of her retirement in at $200. That's who's got the sweaty palms LOL.
 
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