Stock Trading -or- ReconSWS's Bane

[Raleighpaintball.com]

Can you guys just forget about gamestop.......the real money is on AMC. I happen to own a number of shares with a purchase price of $16.25....so please help me and at least mention AMC in your posts so people will think there is "chatter" going on about AMC and people dumber than me will invest

[ReconSWS]

I mean, look at this fuckin' rally cry.

https://youtu.be/n8i53TtQ6IQ

Now, all we need is a Mr. Beat Video "Hey guys I just put 1mil on GME lets goo", and yeh... 1000 ez

[gabe]

It's true. I'm short it pretty bigly. 3 contracts 3p 3/5/21 sold so far at a cool $50 each. I'm not going to pass up free cash.

[ReconSWS]

I may be stupid but I know one thing, greed.

With 450% premiums on options, no shorter is going to pass up loading up AGAIN.

I believe short data is delayed 24 hours.

There is a... chance...

[gabe]

RIP borther

It's too late. The shorts are closed and the players are cashing in. GME is going to be back at 50 by end of week.

[Siress]

Here's the question I have for everyone looking at GME and the like. If the market cap is ~70M times the current share price, I assume that means ~70M shares exist. Considering there were over a billion shares transacted in the past 7-10 days or so, why on earth does anyone think that the stock is still shorted at ~100%? Does everyone really think that a small percentage of shares are just being volleyed to pump up the volume of trades? Wouldn't that trigger tax liabilites each time? I don't get it...

[ReconSWS]

Alright, it's been at least 4 months since the last time I've posted something stupid here.

GME will be the vessel that delivers my filthy trader soul to either Valhalla or the depths of hell.

Today, I purchased

• 18 GME shares at 110.00
• 2/5 GME 800c 1x
• 2/15 GME 700c 1x

The options are stupid as hell they have a 450% premium on them lmao so these will drop to 0.00 instantly. The shares are good to hold... forever I guess.... sigh..

But in the off chance it hits 1000 this week, boyo

[bellicose]

I don't follow him on social media (mcb is my only social media), and I only hear snipets of the stuff he does. I do however have stock in Tesla, and that's been great.

[gabe]

Heresy! Stonks only go UP!!!!

[Siress]

For whatever it maybe worth, I don't think that story is going to end well... I think it's more likely that he get's the companies to major trouble (recall SEC violations) before they figure out how to elevate their actual worth to anything close to the stock price. As far as I'm concerned, he's just winning a popularity contest for now.

[Siress]

No pomp and circumstance with this approach, but it has a history of unbeatable returns. It's the same strategy I've followed since day 1. My favorite retirement account - by far - is my Health Savings Account (HSA). Look into the tax advantages... they're insane. In trade for my having a high deductible health plan that puts me at risk of paying up to ~$9k/yr on health expenses (max out of pocket), I get to invest ~$7k/yr from my pre-tax income, into investments that grow tax free, and after retirement age I can withdraw from it....tax free. It's the only tax free investment account I am aware of for a US citizen.

[flyweightnate]

Yes, thank you for explaining. I probably should have.

[bellicose]

Thanks guys, I'll look into them. I haven't been happy with my mutual funds as of late. Ol' Muskie has been giving be a better ROI.

[bellicose]

And it appears I shouldn't have panicked.

[gabe]

VTSAX is the way. I used to be 100% in VTSAX and just let it ride for a few years before getting 'into' stock investing and picking individual companies. Even with myself actively trading my account I barely beat VTSAX although my dividend yield is much higher.

TLDR: Buy VTSAX