The Investment Thread (12 Viewers)

[St. Geezy]

Wait.....we left Silver?

 

[itztime]

Major hit today for those short on AMC, Koss, and GME. Today was T-21. Something about having 21 days to actually deliver the shares.

Hedgies will find away to keep fighting and shorting. Hopefully tomorrow’s losses are just -5% or so. They gonna pissed.

Now would be a great time to drop some awesome company news after hours.

 

[Turfie]

Could be go time. Decide if you want a stop loss. They will have a rough idea on how many stop losses are out there and at what price. The hedges may try for a short crash and lead it into a gamma crash (ala GME on March 10).

 

[efil4stnias]

This is only 12.5% yoy. The lower end 400s-500s are closer to 20-25%. I could walk away with 100k for my house 3.5yrs after purchase with almost nothing put into it. The problem, I’d now be a buyer who has to downsize to purchase in a rental market that’s still expensive.

My brother is selling his house and renting until he finally wins a bidding war because “there’s too much money to be made.” Louisiana is a different market and I wish him well. With his a wife and 2 kids, I don’t know that I would be so bold.

its all over. New home construction is virtually 6-8 months out and from the builders i speak to, they said that they now include in contract the "variable" pricing. One builder ( i play tennis with ) said plumbing fixtures--- he can get a tub fixture, but the shower/sink are like 90 day back order. So matching items is a nightmare. toss in lumber price volatility, and if you are building, there is no "fixed" cost. So people flock to houses for sale.

The home behind me built same time as us...2019. Built for $429,000- selling for $559,000 3100 sq ft. We both built for around $155-160 sq ft. He selling at $175 sq ft. 18 months later. The issue is, there is no "rental market" around here because there all occupied, and IF you find, you pay out the nose. Then, if you FIND something you want, you are still paying more than the home worth now, and when the market cools down, you will be upside down if you dont roll ALL your equity from sale into new place. If you do, you are basically back to where you were before move. So unless location is the reason, there is really no reason.

And the folks buying are YOUNG. IDK how you saddle yourself with a $2000-$2800 note for a home that 4 years ago was $1600-$2200 note.

 

[Turfie]

At the hearing today:

Big banks “We have done a tremendous job supporting small and big companies during this time”

Also big banks: We have shorted the economy so much that we will likely need a bail out.

I hate the financial system.

 

[St. Geezy]

Could be go time. Decide if you want a stop loss. They will have a rough idea on how many stop losses are out there and at what price. The hedges may try for a short crash and lead it into a gamma crash (ala GME on March 10).

Yeah...the problem here is that the enemy has access to stop loss data.

 

[efil4stnias]

LOL update on my neighbor i posted just above- Went on Realtor.com on Saturday....$559,000. Sale pending as of this am.

its a friggen free-for-all on existing homes.

 

[St. Geezy]

Oh, and....

 

[mc4saints]

Time to sell AMC or is it actually headed "to the moon" this time?

 

[Turfie]

Time to sell AMC or is it actually headed "to the moon" this time?

I’m holding for a number that doesn’t look big to me. I’m holding towards a number that looks big to them.

Risky though.

 

[St. Geezy]

Time to sell AMC or is it actually headed "to the moon" this time?

I am holding. Won't even consider skimming until it is beyond $40, and even then, I would only move off of some of my June calls, since those have an expiration and will quickly depreciate if a sudden reversal starts.

I won't touch any shares or September/January calls until $500+.

:::I am not a financial advisor:::

 

[St. Geezy]

I’m holding for a number that doesn’t look big to me. I’m holding towards a number that looks big to them.

Risky though.

Personally, I am not one that thinks this comes anywhere close to the people dreaming of $100k's price target. Heck, I don't even think it touches $10k. I think most of that is fantasy talk from young people with less than 50 shares.

Here's the thing - it's true that we own the float and that the technical data says they have to buy our shares, but that doesn't necessarily mean that they have to pay our price.

I am going to slowly skim starting in the $200 to $500 range and maybe hold onto a handful of shares just in case something crazy does happen. I am playing a different game than most though, as I am trading a good bit of options, so my exit points and risk tolerance levels are different than many folks'.

Plus, the sooner I get out, the sooner I can re-invest a portion of that wealth into a likely bottomed out market due to the resulting market crash, so I am not too concerned about living with regrets.

 

[St. Geezy]

Mood this afternoon.

 

[efil4stnias]

Mood this afternoon.

Gamestop, AMC short sellers lost $754 mln after Tuesday's rally - Ortex

Investors shorting meme stocks GameStop (GME.N) and AMC (AMC.N) Entertainment are estimated to have lost $754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows.

www.reuters.com