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24 minutes ago, canuckster19 said:

Yikes, that's too bad, I was hoping they'd hold on. Glad I'm a chickens---.

 

Edit: This is interesting though: 

 

https://www.thefocus.news/business/what-is-short-ladder-attack/

 

Why the hell is this even allowed?

It's no different from people colluding on the upside. Conspiring to drive shares higher. The regulators are never going to be able to police this type of activity.

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2 hours ago, Tortorella's Rant said:

Inevitable. I told people on Facebook who kept buying "the dip" and were "holding the line" to get out now because it's all going to implode. They responded by saying I don't know anything about the market; that the stock is going "to the moon." I told them I know enough not to stupidly jump on the bandwagon with no real logic or supporting facts behind this insane stock price. 

And history will repeat itself again (the power of greed).

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3 hours ago, Tortorella's Rant said:

Inevitable. I told people on Facebook who kept buying "the dip" and were "holding the line" to get out now because it's all going to implode. They responded by saying I don't know anything about the market; that the stock is going "to the moon." I told them I know enough not to stupidly jump on the bandwagon with no real logic or supporting facts behind this insane stock price. 

At the stock exchange you have to be fully aware of what are you doing at any time, which means you have to know the nature of your investment and the risks and rewards associated with it. It was an insane bubble which bursted.

People who were invested should have read the following a couple of days ahead:

 

https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investor-62

 

Retail investors may seek to profit from volatile markets by buying individual stock, including stock in heavily-promoted companies with smaller market capitalizations. Some of these stocks may be discussed in social media, news aggregators, investment research websites, online investment newsletters, ratings websites, message boards, chat rooms, and discussion forums. It can be tempting to jump on the bandwagon and follow whatever the crowd seems to be doing.  Sometimes, however, following the crowd may lead to significant investment losses. 

Retail investors should understand that all investments have risk, and that short-term investing in a volatile market carries significant risk of loss. 

Edited by Wolfgang Durst
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4 hours ago, nuckin_futz said:

The tears are flowing as GME crumbles below $100 in a 60% decline

Tue 2 Feb 2021 15:38:42 GMT

 

It lived fast and died young

It lived fast and died young
 
Everyone has diamond hands until they're sitting on a one-day 60% decline.
 
Technically, the break of the January 28 after hours low isn't a good sign. You can pump something all you want but you better have a better fundamental story than 'let's squeeze hedge funds'.
 
Meanwhile, the tears are starting to flow with Davey "stocks only go up" Daytrader and the WSB bagholders taking some medicine.
 
WSB userdaytrader
 
*******************
 
I can't believe Portnoy trades at RobinHood. What an idiot.

Imagine putting your life savings into game stop at $255, yikes!

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22 hours ago, Down by the River said:

BITF Currently at $3.33; had hit $5 earlier in the year and I mostly cashed out then. Currently up 33%

ENPH: Currently at 186.34; only up 6%. Took a big hit during the GME stuff. Was at $212 (above prediction) for a bit. Expect it to rise back up. 

PCRFY: Currently at 13.01; up 11%. Just over a third of the way there with time to spare. 

GLNCY: Currently at £249.90; up 7%. Surpassed £250.00 on multiple occasions; dipped last week.

EBIX: Currently at $53.55; up 41%. Peak around $63 last week. 

 

Thanks for sharing.

Here is an article covering Tesla's battery supply. The key message is that Tesla seeks to produce a higher volume of battery inside. Report is dated September 2020, but still interesing in terms of Tesla's battery strategy.

https://www.reuters.com/article/tesla-batteryday-suppliers-stocks-int-idUSKCN26E03G

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36 minutes ago, CBH1926 said:

Imagine putting your life savings into game stop at $255, yikes!

I've lost money in GME... but I just used "play money". 

 

It would really suck if someone really put their life savings.... but then again there are lots of people who also spend all their money at the casino too.  

At least for GME.... they can use the loss for future tax credits, lol.  

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41 minutes ago, Lancaster said:

I've lost money in GME... but I just used "play money". 

 

It would really suck if someone really put their life savings.... but then again there are lots of people who also spend all their money at the casino too.  

At least for GME.... they can use the loss for future tax credits, lol.  

Don't feel sorry for them, they are adults. If you are playing with the market, you better know what you are doing and never spend what you can't afford to part with. 

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2 hours ago, CBH1926 said:

Imagine putting your life savings into game stop at $255, yikes!

I bought 10 shares Thursday at $190 and sold yesterday just after open fo $314.

There are lots though that are left holding the bag and lots that invested way more than they could afford.

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