Some smart person explain the GME (gamestop) thing

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Originally Posted by stuckathuntermtn

Signed up for Webull. Bought 1 $GME at ~100.

Figured I'd fool around with meme stonks and see how fast I can lose $350. Taxes this year weren't too painful.

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Price targets look to be in your favor, heh.

Attachment 361011

I probably should’ve sold BBBY close to the peak of the last week. But, I want to own it long and pay no taxes. In hindsight a sell in the 50’s would’ve been better but I’d told myself I was holding till $60. At least now that it’s settled back close to where it was I don’t have to worry about it dragging down gains by my other stuff.

Made the last payment on our fifth wheel a bit ago, wife agrees we put half the payment into the market monthly. Added $200 in funds last night, still trying to figure out what to put it in. I’m leaning towards waiting to see what Ford has to say earnings wise on Thursday, hoping for a dip and pick up 20 shares. If no dip I may grab another share of AAPL, a few of EPD, and a couple of GLUU.

Or, I may just put the $200 in one of the Vanguard funds.

POP!Attachment 361061

That's the stuff puregravity,

Any interest in putting together a screenplay about your water bottle selling friend? TR and I are booking meetings to pitch economic triumph stories of the little man and web mob to the studios all week.

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Originally Posted by stuckathuntermtn

Signed up for Webull. Bought 1 $GME at ~100.

Figured I'd fool around with meme stonks and see how fast I can lose $350. Taxes this year weren't too painful.

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I think you're onto something here and that's the beauty of losses stuckie. You can deduct them against gains and carry forward for 20 years.

It too bad you can't sell your losses to another person like Lee Lau or TahoeJ who has gains.

I'd like to cover this angle in the film. We could send a crew up to your place if that's ok?

I figured maybe I can get $350 up to $360 and then turn it into an IRA or some shit. I only bought 1 single GameStonk. Counting on some other cheap shit to offset it in the next week or so. Then I can put a whopper away for retirement, because yeah, it basically playing scratchers. If there wasn't a pandemic, I'd have long since spent that $350 on a social/dating life.
Lol, retirement. Pretty sure my retirement plan is a tree well. [emoji1326]♂️

Stuck, have you considered selling plasma, or perhaps a kidney and turning it into a bit of a nest egg?

I talked to a guy yesterday who made his first down payment on a house in Ballard by being a bartender the days the commercial fishermen would roll in from Alaska, stuffed to the gills (pun) with spending cash and looking for a place to convert it into copious amounts of booze.

While Seattle may not be affordable anymore I'm sure you can position yourself to take advantage of those hard working tradesman with loads of scratch just looking to blow it on a good time when their ship comes into port. Or the oil well gets tapped.

Either way, you get it. Sell a good time to people looking for it. Profit.

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Originally Posted by BmillsSkier

Either way, you get it. Sell a good time to people looking for it. Profit.

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I see where you're going Bmills, but be careful with the whole escort thing stuckie.

I just read this today.

https://www.bleepingcomputer.com/new...0-000-members/

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Originally Posted by Timberridge

I see where you're going Bmills, but be careful with the whole escort thing stuckie.

I just read this today.

https://www.bleepingcomputer.com/new...0-000-members/

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I have so many questions

-What drives someone to write a review?
-Would you want a top rated escort if she was also the most-reviewed?
-Can you sort by 1-star? If so, can someone go there and paste a bunch of 1-Star reviews so we can see them?

I'd bet THEY have tags.

witherspoon=baristaforhire

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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Originally Posted by Cono Este

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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It was not greed, it was always about the principle of the stock short and bleeding the hedge fund companies.... :cool: ;)

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Originally Posted by JimmyCarter

I have so many questions

-What drives someone to write a review?
-Would you want a top rated escort if she was also the most-reviewed?
-Can you sort by 1-star? If so, can someone go there and paste a bunch of 1-Star reviews so we can see them?

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I LOL'd

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Originally Posted by Timberridge

Stuck, have you considered selling plasma, or perhaps a kidney and turning it into a bit of a nest egg?

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LOL!
No joke, I tried one time years ago. Went with a friend, we were gonna split the referral bonus. After a long af screening they refused me. I can't even sell my plasma!
Turns out, they won't do anyone with an inflammatory condition because lawyers. Would have been nice if that came up sooner than an hour in.

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Originally Posted by Cono Este

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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Yeah, but didn't he get in at well under $20? He's still sitting pretty...though personally I would have paper-handed more of those holdings last week. He probably caved a bit to the "hold GME!" pressure - hard to sell when everyone's calling you a god.

I think he took $13 million already + has millions more available at the current price. So he'll be OK I guess. If I was him though I'd have sold the shit out of the stock about half an hour after Elon's tweet.

Also, of all the potentials for this week, stuck around $90/share for days on end wasn't something I expected. I'm kinda surprised it hasn't cratered to $20 yet.

Yeah he took some during the first spike I believe and said he’d be good on that and was going to let the rest ride. I think so anyway.

I actually bought some AMC when it dipped below $7 just because I think it’s a good value there as a longer play. With a much raised stock profile awareness moving forward. When the pandemic mellows out people will really want to go to the movies again and many studios are holding back and waiting on big ticket films like the latest Bond movie (delayed again).

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Originally Posted by kathleenturneroverdrive

I think he took $13 million already + has millions more available at the current price. So he'll be OK I guess. If I was him though I'd have sold the shit out of the stock about half an hour after Elon's tweet.

Also, of all the potentials for this week, stuck around $90/share for days on end wasn't something I expected. I'm kinda surprised it hasn't cratered to $20 yet.

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Elons tweet sent it only to 150. DFV unloaded some options at 300s. I took the creation of this thread as a sign to begin unloading. That was from 300s to 400s and then down to high 2s

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Originally Posted by LeeLau

I took the creation of this thread as a sign to begin unloading.

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Ha! Delighted to be your canary / shoeshine boy

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Originally Posted by LeeLau

Elons tweet sent it only to 150. DFV unloaded some options at 300s. I took the creation of this thread as a sign to begin unloading. That was from 300s to 400s and then down to high 2s

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Oh I thought I remembered his tweet bumping it over 200 for the first time. Either way it’s less about price and more about “holy shit Elon bumped the price this isn’t gonna get crazier than that I’m out” but maybe that’s just me

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Originally Posted by Cono Este

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.

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He just liked the stock

We like the stock.

Bit of a #feel #good news piece around the AMC stock situation.

BC couple uses AMC frenzy stock gains to give back to local school library
https://www.youtube.com/watch?v=UNpfyn7ew8M

Nice to be in a position to pay it forward with the good luck.

FUCK THE SEC, and SUPER FUCK YELLEN and her crony gangs...What was it $810K from Citadel??? Interesting Janet...very interesting..
https://www.bloomberg.com/news/artic...ve-up-gamestop

The infusion of bots on reddit is definitely real / not a conspiracy theory. But, trying to prove who was responsible is going to be very difficult or next to impossible.

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Originally Posted by TahoeJ

The infusion of bots on reddit is definitely real / not a conspiracy theory. But, trying to prove who was responsible is going to be very difficult or next to impossible.

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They need the algorithm we have here at TGR.

The whole thing is insane. WSB crew is blaming bots for trying to coordinate a 1pm buy yesterday. GME holders have turned into a Q like cult. Mod drama. There are now at least 2 new WSB splinter subreddits. A funny place to follow stocks seems to be completely broken at this point. Hopefully it comes back together, but either way the movie(s) about this are writing themselves at this point.

Legal Eagle's video is a good summary for those just wandering into this mess:

https://www.youtube.com/watch?v=9vd3iZDN_OI&ab_channel=LegalEagle

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Originally Posted by kathleenturneroverdrive

The whole thing is insane. WSB crew is blaming bots for trying to coordinate a 1pm buy yesterday. GME holders have turned into a Q like cult. Mod drama. There are now at least 2 new WSB splinter subreddits. A funny place to follow stocks seems to be completely broken at this point. Hopefully it comes back together, but either way the movie(s) about this are writing themselves at this point.

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Well, we tried to write the movie but some jackass stole the script from us.

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Originally Posted by TahoeJ

Yeah he took some during the first spike I believe and said he’d be good on that and was going to let the rest ride. I think so anyway.

I actually bought some AMC when it dipped below $7 just because I think it’s a good value there as a longer play. With a much raised stock profile awareness moving forward. When the pandemic mellows out people will really want to go to the movies again and many studios are holding back and waiting on big ticket films like the latest Bond movie (delayed again).

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Yeah but, that’s what I don’t get. If it was a short squeeze play, then it has already happened, and it is probably over now. Anyone with capital issues was “bought in” already. And anyone still alive after a mark at 500 isn’t ever going to be.

I admire him for not selling it on the way up, but 500 bucks? Come on.


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r/wallstreetbets is becoming a victim of its own success (or YOLO failure). It was amusing and crassly offensive in its own way for a few years. The few times I stumbled into it, I never could take it seriously and that was kinda the point. Ultimately it is going to end up like those larger subreddits r/funny and r/pics that are just reposted facebook meme factories, except WSB will just be reposted and disguised hedgefund memes.

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Originally Posted by BmillsSkier

Well, we tried to write the movie but some jackass stole the script from us.

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No one in Hollywood wants an unknown writer. They do love reboots. Perhaps you should have pitched it as Trading Places Too. Couple of hedge fund managers for Randolph and Mortimer. Louis reconnects with his old college roommate Billy Ray who dropped out first semester, lives in his moms basement, and day trades on Reddit. Pick an Instagram influencer for Jamie Lee Curtis’ role. Hilarity ensues, you cash royalty checks.

https://thereformedbroker.com/2021/0...-in-real-life/

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Originally Posted by Benny Profane

https://thereformedbroker.com/2021/0...-in-real-life/

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Great perspective and better long term advice. Thanks for sharing.


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This is awesome. The real "Wolf of Wall Street," Jordan Belfort made this video. Dude's kind of hilarious:

https://www.youtube.com/watch?v=MQL5-GVt-8I

https://uploads.tapatalk-cdn.com/202...94500f4a1d.jpg

Paul Krugman's take.
https://www.nytimes.com/2021/02/04/o...op-stocks.html

I wonder how many redditors imploring people to hold are dumping/have dumped their own shares.
The idea that you can trust a bunch of strangers on a social media site not to get greedy and screw the other strangers is hilarious.

Worth it.

https://taibbi.substack.com/p/this-i...interview-with

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Originally Posted by Benny Profane

Worth it.

https://taibbi.substack.com/p/this-i...interview-with

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Taibbi is the only one who writes consistently about what scum hfs and IBs are. Having worked on that side I can attest to that