The Investment Thread (9 Viewers)

[efil4stnias]

Stocks are on sale again today. SP 4530 and 4511 are key support levels.

tech getting merked.

 

[DaveXA]

Just grabbed some 3x small caps and 2x oil etf's. Felt like a double bottom and bounce. Got tight stop points just in case.

I'm assuming long? Good luck, lol.

 

[bclemms]

I'm assuming long? Good luck, lol.

Long for me is usually not for long, usually a few days or weeks. I like to buy when markets make a big turn down for a week or more then support levels break and then recaptured with tight back stops. As long as the market doesn't completely crash and do so in after hours then it's a great strategy. At least when volatility is high. When it's not then it's boring.

I made 21% last week. 11% so far this week. The 3 months prior to that I lost 15% just betting against momentum while everyone else was making money.

 

[Turfie]

I think those 11 million GME shares available for shorting was real. They keep hammering GME and AMC into the dirt. You gotta think apes are accumulating all these shares.

 

[St. Geezy]

I think those 11 million GME shares available for shorting was real. They keep hammering GME and AMC into the dirt. You gotta think apes are accumulating all these shares.

This has been the most blatant dumping I have ever witnessed. This truly feels like someone getting the prices to a very specific covering point, which may even be sub $20. Think I am about ready to go "ALL-IN" on this again.

 

[Turfie]

This has been the most blatant dumping I have ever witnessed. This truly feels like someone getting the prices to a very specific covering point, which may even be sub $20. Think I am about ready to go "ALL-IN" on this again.

I just bought 5 more GME at 162 because of how obvious this dumping is.

 

[St. Geezy]

Whoa...crazy close today on AMC. Flew from like $26 to $29 within the last minutes of close.

 

[Turfie]

Whoa...crazy close today on AMC. Flew from like $26 to $29 within the last minutes of close.

Yep. Nice way to end an otherwise terrible week. My 5 GMEs at 162 ended up green by 10 bucks by close.

 

[Turfie]

Decisions were made today. In a new house. A new 65 inch was gonna go up on this mantle. But bought the GME shares instead. So I just leaned up my old 40 inch Vizio instead. In time.

 

[efil4stnias]

Decisions were made today. In a new house. A new 65 inch was gonna go up on this mantle. But bought the GME shares instead. So I just leaned up my old 40 inch Vizio instead. In time.

You mean OVER the mantle, yeah?

You weren't gonna lean that 65 on the mantle? If so I'd have to say "c'mere son"

 

[Turfie]

You mean OVER the mantle, yeah?

You weren't gonna lean that 65 on the mantle? If so I'd have to say "c'mere son"

I was going to mount it above the mantle. Already know where the studs are.

This was the TV: https://www.gamestop.com/electronic...m-4k-hdr-smart-tv-black-m65q6-j09/301252.html

 

[bclemms]

I was going to mount it above the mantle. Already know where the studs are.

This was the TV: https://www.gamestop.com/electronic...m-4k-hdr-smart-tv-black-m65q6-j09/301252.html

Just curious, is there a case in which you would sell your GME?

 

[DaveXA]

Just curious, is there a case in which you would sell your GME?

When it reaches the moon.

But really, I think I would be a seller at $300/share. But I've seen people say they wouldn't sell until it hits $1k. That ain't happening, lol.

 

[Turfie]

Just curious, is there a case in which you would sell your GME?

It would take a squeeze for me to sell in the next 2 years or so. A squeeze would be awesome and it does have squeeze potential. But, Im not sure it would actually happen. I think a more likely event is a TSLA type of growth.

I consider this time period in which my objective is to accumulate shares while we in this $150-300 share price channel.

GME has a current market cap of 13.1 billion. What’s baked into that market cap is the squeeze potential. What I still think isn’t baked in is a bull thesis that speculates that GameStop will become a leader in the NFT marketplace for games, collectibles, and whatever else NFTs can do. This could be in partnership with Loopring (a layer 2 etherium…I don’t know what that actually is).

What we know so far is Ryan Cohen is the chairman of the board and he is extremely passionate like Musk. He has hired tremendous talent from companies like Amazon and Apple. They have zero debt and raised 1.2 billion in cash. I’d expect they are spending a lot of that on talent acquisition, expanded product offerings, and expenses related to their NFT marketplace that is likely in the works.

My pipe dream is a mega squeeze. But my realistic fantasy is for them to grow towards a 100 billion dollar market cap company and beyond.

 

[bclemms]

It would take a squeeze for me to sell in the next 2 years or so. A squeeze would be awesome and it does have squeeze potential. But, Im not sure it would actually happen. I think a more likely event is a TSLA type of growth.

I consider this time period in which my objective is to accumulate shares while we in this $150-300 share price channel.

GME has a current market cap of 13.1 billion. What’s baked into that market cap is the squeeze potential. What I still think isn’t baked in is a bull thesis that speculates that GameStop will become a leader in the NFT marketplace for games, collectibles, and whatever else NFTs can do. This could be in partnership with Loopring (a layer 2 etherium…I don’t know what that actually is).

What we know so far is Ryan Cohen is the chairman of the board and he is extremely passionate like Musk. He has hired tremendous talent from companies like Amazon and Apple. They have zero debt and raised 1.2 billion in cash. I’d expect they are spending a lot of that on talent acquisition, expanded product offerings, and expenses related to their NFT marketplace that is likely in the works.

My pipe dream is a mega squeeze. But my realistic fantasy is for them to grow towards a 100 billion dollar market cap company and beyond.

Fair enough and better answer than I was expecting. I can't help but think of a movie in about a decade called, "The Big Short 2" that shows some hedge fund guys rallying up an internet forum, creating a squeeze with the ultimate idea to play the short side after the initial run up. There are so many things that are joke worthy if things take a dive.

I don't know what to think about NFT's at the moment. As someone that could very easily profit from them it has certainly peaked my interest. On the other end of the spectrum, it is a really crowded play rich in speculation at every turn. I absolutely believe the metaverse, NFT's and crypto's are the future. These are like internet based tech startups in the 90's. The problem is how crowded the market already is without anyone really having a good concept of what it will become. In that aspect, it reminds me of the dot com bunst. I have a basket of crypto with a few hundred bucks in about 20 different coins. Every one of them are extremely overvalued and will probably crash. I guess I feel pretty good about ETH but so does everyone else meaning it's probably really overvalued. NFT's are crypto dependent and a whole different level of speculation. From there, the metaverse is like making that speculation into 3d. I fully expect to lose every dollar I've invested in the sector and will look back at it in 20 years full of regret, not because I invested in the sector but because I didn't pick the right companies, cryptos, metaverse companies, etc. It's why I love the crypto idea but hate the investment. It's almost like you have to do it but know it's probably going to burn you.