GameStop stock crawling back to the Moon

Dr. Pezus · Jan 30, 2021, 12:17 PM

Quote from: kitler53 on Jan 30, 2021, 12:45 AMso what are you buying next?

I'm going to put most of it into crypto (probably ethereum) when the squeeze is done.

Quote from: Legend on Jan 30, 2021, 01:03 AMThat's not what socialism means
At the very least, shorting needs better regulation. Being financially invested in the failure of a company is a recipe for disaster.

Yup and shorting over 100 percent should be illegal (I thought it was but apparently not)

Quote from: Legend on Jan 30, 2021, 01:25 AMYou've won this round!

Also seems I need to buy a Tesla. Only two people here own Teslas and both of them bought GameStop stock.

If I had bought tesla stock instead the car for the same money I could buy like 3 cars now (bought mine half a year ago)

nnodley · Jan 30, 2021, 04:36 PM

Quote from: Legend on Jan 29, 2021, 10:09 PMTo be clear, billionaires were/are getting rich off GameStop stock too. People are only turning this into a "battle against the 1%" in order to further their own agendas instead of actually making fixes.

yeah but to be fair they were betting on the company failing. And from how it looks now, this has turned from a quick money grab from redditers to it being an actual fight to not let the hedges win and keep winning. Some are in it still for money, but its definitely larger than that now.

Legend · Feb 02, 2021, 06:59 PM

Is it safe to say the fun part of this is over? It could stay $50+ for a long while but I don't think it'll set any more records.

nnodley · Feb 02, 2021, 08:01 PM

Quote from: Legend on Feb 02, 2021, 06:59 PMIs it safe to say the fun part of this is over? It could stay $50+ for a long while but I don't think it'll set any more records.

i don't think so yet. These hedges are still trying wayyyyyyy too hard. Its obvious

kitler53 · Feb 02, 2021, 09:28 PM

Quote from: nnodley on Feb 02, 2021, 08:01 PMi don't think so yet. These hedges are still trying wayyyyyyy too hard. Its obvious

so you think it is going to rebound?

nnodley · Feb 03, 2021, 03:54 PM

Quote from: kitler53 on Feb 02, 2021, 09:28 PMso you think it is going to rebound?

i think it could if they stop fudgy with the stocks. Like today the volume is still soooo low. its ridiculous

kitler53 · Feb 03, 2021, 04:06 PM

Quote from: nnodley on Feb 03, 2021, 03:54 PMi think it could if they stop fudgy with the stocks. Like today the volume is still soooo low. its ridiculous

i do not think they will stop fudgy with the stocks...

nnodley · Feb 03, 2021, 04:19 PM

Quote from: kitler53 on Feb 03, 2021, 04:06 PMi do not think they will stop fudgy with the stocks...

oh it will take lots of time i think, but definitely not anytime soon. If robinhood opens the floodgates to unrestricted trading of GME and even AMC it could easily rocket up some. Do i think it will get well over 1k a share, definitely not now, but last thursday it would have easily if all the brokers and hedges didn't fudge with everything.

kitler53 · Feb 03, 2021, 04:32 PM

Quote from: nnodley on Feb 03, 2021, 04:19 PMoh it will take lots of time i think, but definitely not anytime soon. If robinhood opens the floodgates to unrestricted trading of GME and even AMC it could easily rocket up some. Do i think it will get well over 1k a share, definitely not now, but last thursday it would have easily if all the brokers and hedges didn't fudge with everything.

yeah, i agree about last thrusday. that was wall street rigging the game in their favor. yes the lost a lot of money but they lost a lot less then they would have.

i think we are in the crash phase now. it might not bottom out back at $6 but it's only going to go down from here.

Legend · Feb 15, 2021, 07:59 PM

Anyone still own any?

nnodley · Mar 05, 2021, 03:58 PM

Hmmmm its rising again. And yes i own 14 shares.

going to the moooon!!

kitler53 · Mar 05, 2021, 04:00 PM

Quote from: nnodley on Mar 05, 2021, 03:58 PMHmmmm its rising again. And yes i own 14 shares.

going to the moooon!!

how the literal fudge is this going back up?

kitler53 · Mar 05, 2021, 04:04 PM

so i finally opened a fidelity account.

Anyone know what these "order types" mean?
- market order
- limit order
- stop loss
- stop limit
- trailing stop loss ($)
- trailing stop loss (%)
- trailing stop limit ($)
- trailing stop limit (%)

the site is pretty good about defining weird terms but I can't find a glossary for these.

nnodley · Mar 05, 2021, 04:06 PM

Quote from: kitler53 on Mar 05, 2021, 04:00 PMhow the literal fudge is this going back up?

it appears to be another squeeze. The trajectory this past week has been very similar to the last time only 3X as high. So maybe we can hit over 1k a share. I am fudgy out if it hits that high

Quote from: kitler53 on Mar 05, 2021, 04:04 PMso i finally opened a fidelity account.

Anyone know what these "order types" mean?
- market order
- limit order
- stop loss
- stop limit
- trailing stop loss ($)
- trailing stop loss (%)
- trailing stop limit ($)
- trailing stop limit (%)

the site is pretty good about defining weird terms but I can't find a glossary for these.

market order just buy right at what the price is
limit order you get to set what price you want to buy.
stop losses just set a price for it to sell if it drops to far
Trailing stops you can set multiple so if it continues to keep dropping it sells shares at different levels.

i think i have that last one right. never done those before.

Also appears $140 might be the new floor for this stock.

kitler53 · Mar 05, 2021, 04:17 PM

Quote from: nnodley on Mar 05, 2021, 04:06 PMit appears to be another squeeze. The trajectory this past week has been very similar to the last time only 3X as high. So maybe we can hit over 1k a share. I am fudgy out if it hits that high
market order just buy right at what the price is
limit order you get to set what price you want to buy.
stop losses just set a price for it to sell if it drops to far
Trailing stops you can set multiple so if it continues to keep dropping it sells shares at different levels.

i think i have that last one right. never done those before.

Also appears $140 might be the new floor for this stock.

okay, so if the stock i'm looking at is let's say $100 then:

market order: buy the stock right now at $100 or whatever the price is at the time regardless of if it goes up or down.

limit order: i set a limit of let's say $90 and if the market value drops to $90 i start buying stock but if it doesn't drop then i don't buy any stock. or if i set a limit of $110 then i buy stock at the market value just so long as it doesn't go above the $110 limit i set.

limit loss: similar to above,... i set a limit of $90 and if the stock hits that a sell is initiated.

another question,.. i just put money yesterday. I can see my money in the "available cash" but there is no money ($0) in the "settled cash". it says that if i buy something in excess of my "settled cash" i may initiate a "good faith violation". Am I waiting for the settled cash to match my available cash balance before attempting to buy stock?