School me on investing...

GME at 280 and AMC at 16.50 right now ...

Use stocktwits to help keep tabs on price when the apps crash.

 

Guess I should of picked up amc the other day.

 

Its crazy ... just pull a report on which stocks have the highest short interest, and monitor it closely. Whats happening now is a short raid attack with GME being the craziest. It was 138% shorted as of yesterday...

BB and BBBY are on the list too and look at them go in the last week. I'm + 25% on BBBY and + 35% on BB right now.

 

Back in march I almost bought some Blackberry stock at around $5, because I was only investing in Canadian companies (don't want to pay the$$$ exchange on my platform), but didn't really think i'd see much value or long term growth from them....Damn. Would have only been a couple hundred bucks @$5, but still......it's @$27.40 now.

All this manipulation is going to cause a bunch of heartache for some greedy people who have no clue what they're doing though. On the flipside It's going to make some people very rich if they get off the ride in time . I'll watch from the sidelines, as I'm pretty sure I'm too late to the party.

 

Technically, this isn't manipulation, its the opposite. Whats been done to us prior is the manipulation by market makers.

 

Yep, and non-institutional investors are tired of it. I can't tell you how many tens of thousands I've lost over the years on IPO buys. Everything gets hoovered up while I'm sleeping and before the market opens. Great to see people sticking it to these greedy wall street bastards.

 

Since getting burned by Go-Pro (I didn't buy on the first week it traded but still early enough to be considered an IPO stock), I bookmark IPOs into a fake portfolio and monitor them until they crash.

 

Transocean (RIG) is up 37% today, and up 68% over the past month.

 

I got in on amc last year but I never buy enough

 

Buddy of mine was in on Gamestop near the bottom last year, but got out at $37. He's still in shock at what is happening to it now.

 

I dont think Nokia, AMC and Bedbath will work the same way as GME.

GME worked because everyone got behind a single stock and wallstreet figured everyone was going to bail out for small profits.

Now people are getting "greedy" and putting money behind a bunch of different stocks. And seeing how much money got lost by Melvin, they will probably cover their short for s small (not catastrophic) loss instead of hoping the reddit kids back down.

 

GME also had/has a historic short rate at ~140% of the entire float, so the shorts had/have their backs against the wall. NOK, AMC and BBBY also have high short rates, but nowhere near as crippling as GME.

 

GME = world's biggest game of musical chairs. I can't find a put spread with the mid strike at the current price. The highest strike is 320.

 

Most stocks with 20% or more of the float short are being bid up

https://finviz.com/screener.ashx?v=211&f=sh_short_o20&o=-perfytd

 

Is this also what happened at the start of June 2020? I had a few of my stocks (and saw it in others I was watching) make a rapid spike upwards for no apparent reason, and then over the course of a couple days went back to "normal". Never really understood why.

 

One dude on reddit has a 1000x return on gme to the tune of 50 million dollars

 

And he still owns that shit?

 

He's still in...

 

Well I was +22% today at the bell, but Tesla and Apple took a dump so its not quite that high anymore... over all, good day again

Everyone should be buying GME and sticking it to these arrogant hedge fund managers who think we need more regulation and maybe its foreign powers (gasp!). They play the game and its OK but when the people play back they need the SEC to step in.

 

The sec is apparently very interested in the reddit threads leading this haha