The Investment Thread (5 Viewers)

[St. Geezy]

I should clarify, I am talking more so from a manipulation standpoint. Is this a shill betting retail to a bull trap before other securities run? Is this a shill creating the justification storyline for why the stock ran? Or is this just a random Joe Schmore poster that thinks this is a solid play?

 

[St. Geezy]

Reading this message board, the "shill manipulator element" is definitely present, wanting people out of this security. Very transparent. https://www.reddit.com/r/sofistock/new/
Lots of doom and gloom posts.

 

[bclemms]

Trying to decide if it's good or bad that SOFI, my current "swing for the fences" play, is starting to get WSB hype:

Hopefully good. I jumped on your play when you posted it. Your plays are wrong way more than they are right but when they are right they are so huge it makes the losers irrelevant. I'm trying to catch one. Grabbed 50 of those $10 calls. Never could get them for $.09 though so grabbed at a dime.

 

[St. Geezy]

Hopefully good. I jumped on your play when you posted it. Your plays are wrong way more than they are right but when they are right they are so huge it makes the losers irrelevant. I'm trying to catch one. Grabbed 50 of those $10 calls. Never could get them for $.09 though so grabbed at a dime.

Agreed. That about sums things up for me.

Strategy would be a lot better under more normal market conditions. This bear market, where every single news event triggers another panic selling session (simulation), is tough.

 

[St. Geezy]

Something I need to do a better job at in this thread is explaining that not every play I post is a “buy and hold for the big one” play. A lot of the plays I post, if you’re quickly in and out, you can make money.

I struggle sometimes even in practice with that though, admittedly.

 

[bclemms]

Something I need to do a better job at in this thread is explaining that not every play I post is a “buy and hold for the big one” play. A lot of the plays I post, if you’re quickly in and out, you can make money.

I struggle sometimes even in practice with that though, admittedly.

Oh no, I completely get it. There’s a reason these companies are so heavily shorted. It’s trash investing, even trashy swings but it is what the market has brought to the surface.

I used to like shorting stocks and made really good money on it. I covered my AMC short at $2. Thought it was dumb because I really thought they were headed to bankruptcy. A few days after covering AMC squeeze happened. If I hadn’t covered when I did it then I would have lost way more than I had invested. Will never naked short again. That is what got me into options.

I’m still 90% cash. Equities have been overpriced since they recovered from financial crisis due to artificially low interest rates.

These swing trades are just something I do to keep interest in the markets with another account that has boring IRA diversity.

 

[SaintInBucLand]

I think some larger restaurant companies may start struggling a bit with all these food processing plants burning down. There have been an unreal amount in the past couple months and this will put a big supply crunch(when there already was one) on supplying foods. Not to mention inflation making restaurants not very appealing right now. Definitely some decent potentials for shorting

 

[St. Geezy]

Oh no, I completely get it. There’s a reason these companies are so heavily shorted. It’s trash investing, even trashy swings but it is what the market has brought to the surface.

I used to like shorting stocks and made really good money on it. I covered my AMC short at $2. Thought it was dumb because I really thought they were headed to bankruptcy. A few days after covering AMC squeeze happened. If I hadn’t covered when I did it then I would have lost way more than I had invested. Will never naked short again. That is what got me into options.

I’m still 90% cash. Equities have been overpriced since they recovered from financial crisis due to artificially low interest rates.

These swing trades are just something I do to keep interest in the markets with another account that has boring IRA diversity.

Yeah I would never naked short in my life. The idea of not only waking up one day to no money in my portfolio but also getting a six figure bill from my brokerage(s) is just something I have no interest in subjecting myself to.

 

[St. Geezy]

Entire premarket red again, of course. Guess stocks only go down.

 

[bclemms]

Entire premarket red again, of course. Guess stocks only go down.

The way China is handling Covid it may be that way for a while at least it's making oil come back down.

 

[bclemms]

SOFI trying to pop.

 

[SaintInBucLand]

Looking like Twitter board going to accept Elon's offer.

 

[Turfie]

I think SoFi is a great 3 month hold. Rite Aid and BBBY could be great 1 year holds. But both will probably bleed but could see a violent move up if there is a buy out.

 

[DaveXA]

Looking like Twitter board going to accept Elon's offer.

Yeah, I was gonna mention this. Lot of people thought it wasn't a legit offer. A few here thought it was legit. Looking more likely than not at this point.

 

[Turfie]

Bio stocks just beaten to death. I think CTXR is a great swing. I’m not in it tho