The Investment Thread (8 Viewers)

[Turfie]

CEO of GNS pleading for retail to DRS shares to help curb naked short selling. Truly wild. What he is saying is actually illegal.

The SEC actually has a rule that companies are not allowed to suggest that investors directly register shares to their transfer agent.

Insane that it’s illegal to suggest this. That would be like if Bitcoin had a law that said you couldn’t own Bitcoin in a crypto wallet.

 

[Turfie]

Just crazy. I sold GME yesterday after 10% gains and saw BBBY down 14%.

Bought BBBY at $2.89 and it’s up 20% since I bought it and GME is unchanged.

 

[Turfie]

Markets are breaking. McDonalds, Visa, and Wells Fargo all halted at open

In total 81 stocks halted at open

 

[DaveXA]

Markets are breaking. McDonalds, Visa, and Wells Fargo all halted at open

In total 81 stocks halted at open

It's apparently a technical issue.

 

[superchuck500]

 

[Turfie]

Someone is buying Weber stock. The buyout is at $8.05. There is noise that investors are not happy with the buyout price and are fighting it.

 

[Turfie]

Looks like TSLA enjoyed reasonable earnings. Little bit of volitility but nothing crazy. Probably lots of short term calls and puts at the extreme ends went poof.

 

[Turfie]

BBBY defaulted on loans. The basket theory is strong.

 

[SaintInBucLand]

I know these people are not 'investing' in the likes of BBBY AMC and GME... but at any time something like this can happen. Why not learn to play technical or swing trade solid set ups instead of casino gambling on these meme stocks?

 

[Turfie]

I know these people are not 'investing' in the likes of BBBY AMC and GME... but at any time something like this can happen. Why not learn to play technical or swing trade solid set ups instead of casino gambling on these meme stocks?

Believe it or not but real people are investing in GameStop. Crazily, GameStop has more individual investors on record than Apple, Google, and Microsoft combined.

Bbby and AMC are in a complete different boat imo. Those are super risky because they have hundreds of millions of debt, and in the case of AMC it’s over a billion.

GameStop is stacked with talent that they successfully pried away from many blue chip companies and over a billions dollars in the bank with no debt. For me personally it’s the entrepreneurial mindset they have and the resources to do it.

 

[bclemms]

BBBY defaulted on loans. The basket theory is strong.

I called that one perfectly. My $2 February puts should be gold in the morning. My $1 puts expired last Friday so just missed those. Easy to see they were going to do whatever possible to make it through holiday season and then death.

 

[Turfie]

I called that one perfectly. My $2 February puts should be gold in the morning. My $1 puts expired last Friday so just missed those. Easy to see they were going to do whatever possible to make it through holiday season and then death.

Rooting for you. I wouldn’t be surprised to see more volatility in the next few weeks.

If it goes to $2 I will probably try to swing it again. Whole situation is strange.

 

[bclemms]

Rooting for you. I wouldn’t be surprised to see more volatility in the next few weeks.

If it goes to $2 I will probably try to swing it again. Whole situation is strange.

I've got a pile of $1 January 2024 puts I bought for pennies when the stock was up in the twenties. Those are up over 3000%. I'll just hold those. The $2 puts I'll bail on when they get in the money.

 

[SaintInBucLand]

Look... buy buy buy... or is that bye bye bye

 

[Turfie]

I just don’t think the story and any possible upside is over. There is just so much going on.

New director was recently put on the board that specializes in mergers and acquisitions. He has direct ties with Carl Icahn. Carl already has an indirect interest in Bed Bath & Beyond as they sell a few things that Icahn is an owner for.

Ryan Cohen literally wined and dined with Icahn.

Then Cohen’s bff Larry Cheng (first investor for chewy, and serves on two different boards with Cohen….GameStop and Dragonfly). Larry tweeted this just minutes after BBBY dropped the 10K yesterday afternoon:


Finished the tweet with a random “2023 and BEYOND”.

This is all absolutely tin foil wrapped in aluminum foil. But I wouldn’t be shocked if BBBY goes up 4-5x again.

Still much more likely it goes 0.0 and investors lose everything.