The Investment Thread (7 Viewers)

[DaveXA]

I’m dying for more classic games. Nintendo made this classic NES system with like 300 built in games….and they no longer produce them. I’d love to play old school Nintendo games and Atari games. Super simple and the controllers only have a couple of buttons so it’s easy for young kids.

I have an old original Atari console, but haven't been able to get it working. Kinda bummed. I have several old games tho.

I'll post when I can find them.

 

[efil4stnias]

It could also go to $0.

It warm buttered through several key support levels the last two weeks and the chart is shaped like a slide.


Then again, everything is getting crushed right now. I’ll even take a dead cat bounce just to stop the bleeding.

You ain't neva lied. Not enough liquid skin available to quell my bleed.

MSFT buys Activision for 68 b cash...Activision stick appreciates 50% ...mSFT drops another several dollars yay.

Thank God for Exxon and WYNN.

Oh and I bought CHPT 2 months ago...apparently at its PEAK. down around 40% since then.

Genuis.

 

[Turfie]

It could also go to $0.

It warm buttered through several key support levels the last two weeks and the chart is shaped like a slide.


Then again, everything is getting crushed right now. I’ll even take a dead cat bounce just to stop the bleeding.

I don’t even know what a support level is anymore. So many stocks (and especially retail stocks) are getting crushed for about 8 straight weeks now.

My hunch is that this is all a Hail Mary by quite a few entities that made a really bad bet. I think this arrow is getting pulled back as far as it can go. Even just pinning these things in place has to be exhausting for them.

One example is the ETF XRT (full of meme and retail stocks). That ETF just had the highest number of Failure to Delivers in its history. Retail has bought nothing but thin air for weeks.

Edit: to fully appreciate the absurdity of what’s happening with XRT…XRT has 5.1 million outstanding shares. On December 21st….there was 5.6 million shares of XRT that failed to deliver. WTH.

I’m eyeing mid February when things get really humming again.

 

[bclemms]

I don’t even know what a support level is anymore. So many stocks (and especially retail stocks) are getting crushed for about 8 straight weeks now.

My hunch is that this is all a Hail Mary by quite a few entities that made a really bad bet. I think this arrow is getting pulled back as far as it can go. Even just pinning these things in place has to be exhausting for them.

One example is the ETF XRT (full of meme and retail stocks). That ETF just had the highest number of Failure to Delivers in its history. Retail has bought nothing but thin air for weeks.

Edit: to fully appreciate the absurdity of what’s happening with XRT…XRT has 5.1 million outstanding shares. On December 21st….there was 5.6 million shares of XRT that failed to deliver. WTH.

I’m eyeing mid February when things get really humming again.

Could be a huge conspiracy. I get those hedge funds dealing with a hassle and all but they are making bank on short end. Maybe it runs again when they all start closing positions. Maybe a situation where free money is no longer getting reinvested combined with a loss of momentum, a really bad environment for retail, inflation, a non-existent employee market, fed increasing rates and less people at home are all bad things for meme stocks. Combine that with some manipulation and it’s an ugly ticket. I’m rooting for you though.

Like I’ve been saying for a year now. The hedge funds have the capital to wait this out. They also have the capital and the bots to make this into a once in a lifetime opportunity at the expense of apes.

 

[Saint_Ward]

So yeah, Ford coming down hard, AAL getting crushed, and many others.

Good news... might be a good time to add a little AAL.

 

[Saint_Ward]

If Fidelity would let me make the purchase..... damn error code

 

[Turfie]

Tilray has officially lost of its gains since the bull run that began in October 2020.

 

[Rickboy]

Rivian hit a 52wk low. It's now about $10 below it's IPO. Fortunately I sold at $127. Just waiting a bit more before buying back in.

 

[Turfie]

ComputerShare (the direct selling agent for GameStop and many other stocks) announced today they have raised the maximum order limit to $9,999,999. This was done “specifically for GameStop”.

The maximum cap on all other securities is $2,000,000.

Hmmm. Interesting. Probably nothing though.

 

[bclemms]

Small cap index (RUT) hit a new 52 week low today. It's entirely possible we don't see a crash just a steady dose of air getting let out the market over an extended period. I really wish the FED would have just come out with a .5 rate hike and let the market take the medicine all at once. By dragging this out it's really setting up for some ugly technical patterns.

 

[El Caliente]

Is this where this goes?



I love America, but fork our politicians.

 

[bclemms]

Market started running at open but it's fading fast. If it can't hold a rally even for a day it may be a while before it goes green. If airlines keep getting beat up I'm going to make an even bigger play on them.

 

[bclemms]

Just flipped 75 $17 calls. Grabbed at $16.80 sold at $17.45. Nice double up and with today’s bounce in the green over the last 7 days.

 

[Turfie]

Big time afternoon tank job. I must have missed news as I don’t have cable. Was it inflation or interest rates?

 

[St. Geezy]

Big time afternoon tank job. I must have missed news as I don’t have cable. Was it inflation or interest rates?

Think it has more to do with just getting the January 21st LEAP options chain OTM, across the whole market. Things will pick up next week and into that first week of February.