Has the GME rollercoaster finally come to a stop?

I find all the complaining about the WSB "investors" and the like very entertaining. All these news shows and big time investors act like they don't do the same thing every day. They All manipulate the market. They just don't like it being done to them! Lmao. Kudos to all those guys who just got instant rich.

My thoughts exactly - wish I could do the same with the price of gold - problem is there is probably 1000 oz's of paper gold for every oz of physical available.

.75 per quarter is what it was at just a year ago. Not sure if it will ever get back to that or how long it might take, but I have some shares and will see what happens.

50F467C1-749C-4B93-BA12-BD5EB1270DA6 (resized).jpeg

Sold my VSTO today at 31.2 (near the peak) and bought NOC. We'll see how this goes. I'm avoiding all the crazy Reddit stuff. I will buy and sell in the short term but am over 20 years from retirement so I can wait too.

I was also wondering how much of your investments are in stocks? I am 20% (32% return last year) with 10% in real estate (7% return last year) and the other 70% in my business (14% return last year).

EDIT: I calculated my 401k and my personal account that I manage in the 20% figure but only did the return from my active account and not my 401K. It is now correct.

Looking hard at CCIV. Rumour is they are acquiring Lucid cars. May buy some Wednesday after funds have settled if it looks good. Of course do your own due dilligence.

In other news, PINS is delivering quarterly earnings next Thursday. I'm hoping for a 10% pop after the announcement.

Good luck... and GME is nuts!

iceman44 yo Ice what are your thoughts on MAC now? Sell at 17 or hold for $22?

I was 70% stock, 10% reits, 5% bond, rest of cash. I moved everything to cash last week. I'm 5 years from retirement and I have a gut feeling of a huge correction in the coming year. Ill play the market on short term gains, but fundamentals are so whacked, I couldn't afford the risk anymore.

Well, the shorts are getting their asses blown up all over the market. That's what caused many of the other highly shorted companies to pop today, including MAC. They don't want to be the next GME. Lol.

Dillards was up 10%. DBS. 80% of float is short.

BBYD was up to $47 at high today, closed at $30. Wow. 70% short.

LGND 65% short and shorts are getting F ed!

AMC is another one. People are realizing that these companies are going to make it to the re-opening destination.

MAC is just a REIT part of the re-opening trade where shorts got their balls ripped off. LOL.

One of my two REIT guys from Seeking Alpha:

https://seekingalpha.com/article/4398990-buy-macerich-today

Everybody needs to feel comfortable about when to take profits for their own particular greed factor.

For the record, been here recommending APPLE for years! Just recently said back up the truck when it hit $110.

Now some of you guys i know, that's not good enough! Ok.

10 yr. dropped to 1.03% today

Poor shorts that don't have the bankroll are gonna keep getting "Rick rolled"!

It all started with Tesla and now it's a movement to take them out. The hunt is on by the SHORT SQUEEZE ARMY to manipulate more of these stocks they can, and round up and control with the "float" and option market to further squeeze these guys.

The CNBC crowd hates it! Supposedly Wall Street "smart money". LOL

It is pretty awesome to reap the benefit of the squeeze! I got to experience it with Tesla and more recently Lemonade. Shorting a stock is becoming a risky proposition.

With respect to MAC, I want to own the actual property and NOT one of the tenants like Dillard's that lease the property for all the reasons previously documented.

The MASSIVE re-opening and reflation trade is just in it's infancy. It's coming. It's why i've been preaching the barbell approach!

Energy, industrials, some health care, travel and online gambling stocks. No financials for me with the exception of JPM.

The realization I came to when I retired (at 47) was that I wouldn't even start using that money until when I'm at least 60. And will you use it all at once the day you retire? Keep investing, just don't go 100% risky assets, have about 3 - 5 years of what you need available. And don't time the market - 99% of the time you will get it wrong. If you just let it sit in cash or an interest bearing account you are losing money each year.

These are my ENERGY stocks i'm looking to allocate $$ to.

HP,NOV, PXD, HFC, XEC and the big boy, EPD.

To Tigerlaw's point, here is my reflation trade with the miners, RIO, BHP and VALE. Maybe one more. Yes i know these are in the political crosshairs. The reality is something totally different.

ABBV, BMY, MRK and PFE all trade at 9-13 times earnings and pay a healthy dividend. Just saying.

Btw, i pay a LOT MORE for Motley Fool, $1,500 or so for each service. Been worth every penny, nickel, dime etc. etc.

That is some crazy shite. I will say, I don't have a problem with it. I've never been fond of shorting even being a thing. The market is supposed to be about helping the economy and business, not gambling, but it is more gambling than anything, especially the 'betting against' being legal.

I don't intend to keep it in cash indefinitely...but a correction is coming. At that point I'll likely move into dividend funds for income. I dont need the extra gains to retire, but I sure don't want to lose what I have. If you believe this bull market will continue indefinitely, that's a strategy I suppose. But I dont. I rode out black October, dot com crash and 2008 housing. It's different this time. People are gambling and there's little fundamentals to prop up current pricing.

So what are you thinking, buy back in if dow crashes to? That's the tough part for me.. When to take the plunge back in for Dividends.

For a longer play, what does anyone think of Carnival or RC? Both were on long steady increases before the bottom dropped out due to Pandemic. It would be a couple year play, but Carnival at $19 is really tempting. They have some insulation due to world wide operations.

Sorry not understanding your question....are you asking at what level of the dow I would consider jumping?

Ya, or what are you going to go by before jumping back in? Just wonder what your thoughts were... we seem to be on the same page. $19K Dow seems about right for where the markets should be right now.

I went thirds into Carnival, Norwegian and Royal Caribbean. When the market is so high, plays in industries like cruises and cinemas which have been hit hard more attractive in my opinion. Cruises and cinemas are experiences that I suspect people will hunger for when the world opens back up.

Not sure i can put a hard number on it. My gut says the pandemic even with vaccines is going to endure longer than most want and impatience will set in. Record number of businesses will continue to fail. The government will either run out of money to print for support or print more, continuing to devalue the dollar. Inflation is going to take hold, I could see interest rates creep up, and people are going to look for anything stable. If CDs suddenly paid 3 to 4% a flood of money will leave the market. So I expect in the next 6 months a 20% correction. Could be even more...30% would put us back to initial covid levels. Ill start looking for solid consumer dividend companies like coke/pepsi or just move into a vanguard dividend fund. Ive made great returns over 40 years of investing, but all this shorting, robinhood, reddit crowd I don't see as being sustainable.

All my gut and I could be completely wrong. But if I lose little (inflation)...bird in the hand for me at this juncture of my life.

I was thinking the same thing... 20% drop, buy a ton... 30% drop, invest 80%, 20% cash to play with.
Playing with 10% right now... and doing well.

Supposedly shorts add much needed liquidity in volatile markets. They are much needed buyers in a down market and sellers in an up market.

Weren't we at DOW 29,600 or so pre covid? A 30% correction would be way below that.

Hats off to Robertmee for these Posts! With one exception, I agree.
Deflation, not inflation will rear its ugly head. Costs more? Find an alternative, do without, borrow. Scams, confidence schemes, outright stealing will increase. Underground and off-the grid Suppliers will flourish.
Inflation has occurred primarily in foodstuffs and oil-based products and will continue.
This eats in to expenditures for everything else. Folks are expecting to hunker down for awhile.

I've invested through all those times as well - I'm gunshy after all of them and forcing myself to stay the course.

Melvin getting liquidity is just a first step. Hedge funds are going to inject liquidity to try and stop this insurrection. If they don’t, then the system is broken, and they will not allow that. I would be cautions on this. You can probably trade around on this, but I do not believe the straight up ride is continuing.

I didn't say pre covid. I said initial covid when the markets dropped in 1st quarter.

There's a lot of pissed off people on reddit wanting to destroy Melvin. It's David vs Goliath. I wonder if the redditers keeping coming now that there is blood.

Then there's this from reddit:

Capture1 (resized).PNG

If they are uncovered shorts, they are crazy. Most would have bought out of money calls for pennies ages ago. I have a bad feeling about this. You know that part in the movie where the good guy thinks he played the perfect plan, and then the bad music starts... If GME made money, sure go long. This more likely to hit $4 then $300. But, these are crazy times.

There should be a way for someone to run data analytics and find the spike in online chat RE: small cap names.

Exactly. Hope they did not buy their Lambos yet.

There is! Both of these allow you to look at stocks being talked about in a given time period in different apps and websites and groups:

https://hype-rider.com/
https://unbiastock.com/index.php

AMC steadily climbing in after hours trading.

BB too

Looks like RKT is a Wall Street bets target along with bed bath and beyond

Don’t lose that one.

FAA0203D-C83C-493E-A7D6-7D79A417289C (resized).jpeg

I don't know about you guys... looking at charts on GME, now going to AMC and BB, Never seen anything like this before.
Extremely risky playing these stocks, unless your Kenny Rogers.

A lot of the WSB folk are pointing to the short squeeze of VW back in 2008, but I wonder how applicable that is.

I got in at $65 and left a sell at $300 so we’ll see how it plays out Friday morning after the shorts expire.

I repurchased palantir in the low 20’s after previously buying at around 14 and selling in the high 20’s. I plan to keep Palantir regardless of what happens. I had bought black berry a few days ago and added to blackberry yesterday morning and opened a position in AMC. Both of these positions are small speculative positions and I plan on bailing after I hopefully make a few bucks. Up around 19 percent in AMC and 21 percent in blackberry, we’ll see how it goes. I usually don’t do risky plays like these but when opportunity comes knocking .

Hey @jonesjb, did you buy AMC when you brought it up the other day? It was a good call on your part. Up about 10% in the pre-market.

Thanks to all of you that brought it up. It and the wallstreetbets stuff wasn't really on my radar. I'm well hedged, so my gains are limited, but I could make a max of around $10k if it's above $5.50 at the end of the week. That would be a big shot in the arm this early in the new trading year. It would have to drop to around $3.25 before I went negative on my positions.

Starting to get antsy on it. Close the positions early for a double, or wait it out for a home run?

My position is nearly identical, but I cap out at 7 at end of the week.

How humorous, after the debacle yesterday, RKT pops off to mock me!
Well, I’m in the money now, so thanks for that too, DBLM
I greatly apologize for being cocky while knowing so little.

Dunno if anyone has watched ADMP. Recommended them at 42¢ and they’re at $1.78 now... ridiculous money on what looked like a junk stock. They partnered with Walgreens out of NOWHERE.

I have never done a hedge so can't give you guidance there.

Personally, I am looking to see what happens in the 6-7 range and will make some decisions there. This is purely a momentum play so you have to make decisions on the fly. I can tell you from experience with GME these types of plays can rip, and my sell positions starting going too fast. If I manually made the calls I could have made a lot more money.

It's all good. Glad you are green!