Stock Market - Behold! FLAIR! |
- Behold! FLAIR!
- Don’t put money you can’t risk in $GME or $AMC but even a few shares makes a difference. Join the revolution. Long the shorts, this is the way!
- I have lost $20,000 in the stock market at 19 years old. Lesson learned!
- Hope no one takes this personal but I don’t like the r/stockmarket new avatar...
- How confident are you that you really own AMC shares?
- How Retail Traders (You) Were Forced to Bail Out Melvin Capital Shorts
- DAILY SQUEEZE THREAD - 2021-01-29: Please put all GME/AMC/other squeeze stock discussion in here to help clean up our wonderful sub!
- Updated DD on SLV. (I'm not doing this until the GME rise is done) SLV is what I am betting on next
- Updated DD on SNDL. (I'm not doing this until the AMC rise is done) SNDL is what I am betting on next
- Diamond Hands People ����
- Hedges and investment banks has made a huge profit on GameStop in the last few days
- AMD DD / Stock Analysis [Technical, Fundamental & DCF] & $AMD Stock Forecast [Short & Long Term]
- Given the influx of new investors, here is a massive open source collection of stock market tools & resources created by u/ghostofgbt
- Read and share if you’d like
- Here is a Market Recap for today Friday, January 29, 2021. Please enjoy!
- WHY DOGE IS GOING DOWN. MUST READ!!!!!
- Why did they restrict trading on AMC, NOK and BB?
- GME Short Interest Update
- NOK - Hold or sell?
- Stocks to Watch 29/01/2021
- Great Yahoo Finance Article About Robinhood CEO Game Stop AMC Hedge Fund Conspiracy
- Major short squeeze coming in metals? Compelling reasoning here... big banks on the other end of it!
- Here's the guy!
- Other options than Robinhood! Ally Bank & Schwab offer both free Trading & Banking services (No trading commissions, No ATM fees, No Account minimums, High Interest rates for Ally, No i
- DD - Short Investment Banks ������
- Stock newbie looking for help to get started
| Posted: 29 Jan 2021 05:38 PM PST Sup homies! In light of our recent growth we're making some changes to make the sub more organized so you'll see some of these changes starting to take shape over the next few weeks. They'll involve more scheduled discussion threads, new automod rules to help keep spam at a minimum, and hopefully some other cool stuff to improve the overall experience. One of the easiest things we can do to make this sub better is start flairing stuff, so I've gone and made a bunch of new flairs and flaired some of the posts on the front page for example. Please use these new flairs when posting if you can! Eventually we might make it a requirement for posting, but for now let's just try to do it as a group and see if we can make things a little more organized. One of the benefits of everyone flairing stuff is that everyone can then easily filter different types of posts (e.g. TA, FA, general discussions, help needed, educational content, news, watchlists, etc) right in the sidebar and on mobile too. The more posts that are flaired the better things will be organized and the more easily browsable the sub will be so help us out by flairing as accurately as you can! Here's a list of all the flair I've created which you can add yourself when posting or use to filter by clicking the links in the sidebar:
Alright that's it for now...Let me know if you can think of any other flairs that might be useful around here or if you have any thoughts. Thanks! [link] [comments]  | ||
| Posted: 29 Jan 2021 06:36 PM PST Forget the chance that the stock does reach the targets because Wall Street feels they can last longer and there is still 100%+ shares shorted. We can all be a part of the club now! I don't have many shares but I won't be left behind and let Robinhood and the hedge funds win. We regulate them not the other way around! People donate to charities, churches, gamble on sports etc. so even if it's just 2 shares of GME or 5 of AMC just buy it and hold. If it goes away write it off but this is the biggest impact you can make with your money to support a chance in the system. It's 2030 wallstreetbets will be the largest hedge fund and everyone can be a part of the club. Stonks are made only to go up! Don't put money you can't risk in $GME or $AMC but even a few shares makes a difference. Join the revolution. Long the shorts, this is the way! [link] [comments]  | ||
| I have lost $20,000 in the stock market at 19 years old. Lesson learned! Posted: 29 Jan 2021 10:38 AM PST Never using Robinhood ever again. LoNg story ShOrt - I was using Robinhood and ended up treating it like a casino [Options] with the recent mayhem going on for the past week. My current investment portfolio is now $ 15,556.02 in Robinhood cash (No Margin), previously $35,694.34. Do I feel sad? No.. and I don't know why.. there's lots of people would kill themselves over losing that amount of money and I'm grateful to have money backed up. It's probably just the simple fact that I'm young and employed and I have a lot of time left in my life to recoup the $20k. I do have another $31,348.35 saved in cash so it's not like I put all of my savings in there(Thank god I didn't). What will I do next? Change brokerage accounts. I've sold all my stocks and will be moving over to TD Ameritrade(unless you guys know a better brokerage)? I'll continue investing $200 a week on the same Wednesday I get paid from my job into QQQ like I have been on Robinhood and will lay off using Options for a very long time.. Maybe never again. What will I be doing with my remaining 31k saved? Not sure yet. I have a full ride in College studying Business Administration and Finance(the irony) so I don't have to worry about tuition and books. I've always wanted to start my own business so I can imagine that happening someday, maybe soon. We'll see. [link] [comments]  | ||
| Hope no one takes this personal but I don’t like the r/stockmarket new avatar... Posted: 28 Jan 2021 11:02 PM PST Look I just like to see nice eye catching things or something cute like wsb guyface but this new avatar for this community looks kind of weird and is a real eyesore to me. Like I can totally live with it but I would appreciate if u upvote so mods can see and gift us with a more aesthetically pleasing avatar. Anyone feel me? Hope no one is offended here. P.S. I would just write this whole thing in one line but a minimum of five hundred and sixty characters is required for this community.... or is it five hundred and sixty words? Not sure?? I guess I'll just keep on writing because just imagine the heart attack I will have if I try posting this after typing this whole thing up and it doesn't fit the requirement of at least five hundred and sixty words. Hope by now I reached five hundred and sixty words. So anyway pls gimme a new avatar!!! Thanks I love u all. [link] [comments]  | ||
| How confident are you that you really own AMC shares? Posted: 29 Jan 2021 03:41 PM PST The reason I ask is because something doesn't seem quite right. Looking for a simple explanation. There are about 100 million shares of AMC float. Today, 600 million AMC shares traded. Yesterday, another 600 million, the day before 1.2 billion. Over just the last 3 days, the 100 million shares outstanding changed hands 24 times. And that is if 23 out of 24 holders of each share flipped their shares over the last 3 days alone. What am I missing? And my logic would imply that nobody held their shares for more than a few hours. If they did, that reduces the float which means the shares trade hands even faster. The idea of settling 2.4 billion shares of AMC in 3 days is staggering to begin with. [link] [comments]  | ||
| How Retail Traders (You) Were Forced to Bail Out Melvin Capital Shorts Posted: 29 Jan 2021 02:56 PM PST RobinHood Scandal: The TruthDon't want to read?
💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌
Basically, Melvin Capital over-leveraged and was about to destroy the entire market. DTC couldn't let that happen. Thus, DTC forced retail traders to bail out Melvin Capital through a series of trickle down events that started with DTC raising settlement collateral on $GME from 3% to 100%. In short, Melvin fucked up big so DTC forced you to bail them out. 1. Background InformationHow trading works behind the scenes
2. Why Was $GME Trading Halted?DTC without warning raised collateral from 3% to 100%What stocks were affected?
What is the impact?
3. Why DTC Suddenly Required 100% CollateralThe entire securities market was about to collapse.You heard that right. What how?
It gets worse...
Case Study: 2008 Financial Crisis
4. Who's Responsible / Who to BlameSo fuck DTC right? Not really.
Then who do we blame?
But who does Wall Street blame?
[link] [comments]  | ||
| Posted: 29 Jan 2021 06:53 AM PST Hey guys, let's try to clean up this sub a little bit. There's a ton of posts filling up the front page all about GME and AMC and other stocks that are, or are potentially going to squeeze. Let's consolidate all discussion on these names into this thread and keep the individual posts outside to a minimum. I'll leave the existing posts up but I think we need to all work together to make sure this sub stays orderly as we have grown over 175k subscribers in just the last two days. There are a lot of bots and spam and we're doing our best to remove them but I think consolidating all these legitimate posts about this stuff into a a daily thread will help a lot. What do you all think? I can make a new one of these each day for the next little while! THANKS!! [link] [comments]  | ||
| Updated DD on SLV. (I'm not doing this until the GME rise is done) SLV is what I am betting on next Posted: 29 Jan 2021 01:39 PM PST First things first, I'm not doing this until the AMC rise is done. I am long AMC but am going long SLV immediately after. I looked at the charts, technical analysis, fundamentals, momentum, sentiment, and the amount of times it's mentioned on reddit/ twitter/ fb groups as a trend, as well as the price targets for the banks who cover it. As well as news and rumors and chit chat. As well as negative and positive sentiment. With the "stick it to the man" sentiment, and people wanting to put their money somewhere after $GME and $AMC, I think this is it. A lot of people on reddit, twitter, FB groups are talking about making bad bankers pay/ a "stick it to the man" theme is brewing. I also been studying how different words are trending. Even politicians are turning their backs and speaking out against banks. Celebrates on twitter are speaking up and donating to the cause. This may BE HUGE IMO. Also, I'm betting on the people making a ton of money off $GME & $AMC to run there money here when they exit. My goal is to get in before momentum happens and the masses get on board. I have absolutely no exit strategy for this ticker. I will ride it. I'm going in with conviction, and hoping I am in before it becomes mainstream. SLV – ishares silver trust ETF (they hold actual real bars of silver)
a. Up at $25 last week. (not much downside, just upside)
Per Reddit: a. The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn't the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren't halted and that's what will make this so fun when the true squeeze happens. b. There is a severe supply shortage developing. At the same time, demand is skyrocketing. Solar panels, electric cars, electronics and many other products need more silver than ever. c. Risk- JPMC hold a large short position on silver. d. RISK: It's also the most manipulated market in the world so we are facing some tough competition on the short side.
Found out about SLV from: https://www.reddit.com/user/-Hyre/ https://www.reddit.com/user/TheHappyHawaiian/ https://www.reddit.com/user/RocketBoomGo/ Links to reddit pages I quoted: https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/ [link] [comments]  | ||
| Posted: 29 Jan 2021 01:31 PM PST First things first, I'm not doing this until the AMC rise is done. I am long AMC but am going long SNDL immediately after. I looked at the charts, technical analysis, fundamentals, momentum, sentiment, and the amount of times it's mentioned on reddit/ twitter/ fb groups as a trend, as well as the price targets for the banks who cover it. As well as news and rumors and chit chat. As well as negative and positive sentiment. With the "stick it to the man" sentiment, and people wanting to put their money somewhere after $GME and $AMC, I think this is it. A lot of people on reddit, twitter, FB groups are talking about making bad bankers pay/ a "stick it to the man" theme is brewing. I also been studying how different words are trending. Even politicians are turning their backs and speaking out against banks. Celebrates on twitter are speaking up and donating to the cause. This may BE HUGE IMO. Also, I'm betting on the people making a ton of money off $GME & $AMC to run there money here when they exit. My goal is to get in before momentum happens and the masses get on board. I have absolutely no exit strategy for this ticker. I will ride it. I'm going in with conviction, and hoping I am in before it becomes mainstream. SNDL –
a. This week's low was 0.60, high was $1.20, $0.70 looks like 1 month avg (not much downside, just upside)
a. Price target last year was $7
a. I think there is a lot of possible upside, and very low to no downside IMO Disclaimer: do your own research, make your own decisions, and nothing is guaranteed [link] [comments]  | ||
| Posted: 29 Jan 2021 07:44 PM PST
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| Hedges and investment banks has made a huge profit on GameStop in the last few days Posted: 29 Jan 2021 09:35 AM PST As every counter argument results in ban on the other sub, I bring it up for a solid conversation here. As far as I know brokers and funds are both owned by different investment banks. GameStop was shorted by 120% of its value before the bumm. H Funds had made short contract with another investment banks, which have given these shares to them. Every penny the price goes up, the bank on the short side loses money to the bank on the borrower side. But not only that, several investments banks are sitting in long position additionally, probably around 80% of the total shares. They have had a massive profit in the last few days. BlackRock for example had several dollar billions of profit in the last few days. Am I missing something or Reddit is giving a nice Q1 bonus for the sector? [link] [comments]  | ||
| AMD DD / Stock Analysis [Technical, Fundamental & DCF] & $AMD Stock Forecast [Short & Long Term] Posted: 29 Jan 2021 02:47 PM PST In this post we are going to go through an in-depth analysis of AMD, we are going to take a look at their fundamental value, their DCF, do a little technical analysis and set some price targets for the near future and for the long term ~Very Long Post~ Hello everyone! Let's start by talking a little about AMD, they are one of the biggest semiconductor companies in the world, and they operate in multiple segments like Computing, Gaming, Enterprise, Semi-Custom and many more with some of the most important products for the company being microprocessors and GPUs both for personal use like (gaming consoles & PCs) while also offering products for professional use like data centers. The company was founded more than 50 years ago and have more than 11K employees, with the company overperforming recently as they have seen a more than 80% rise in the last year. So, guys, let's go a little through the 4th quarter & yearly results for AMD. The company reported a revenue of $3.24B in the 4th quarter, with a 53% growth since last year, while for the full year they earned almost $10B as they more than doubled they quarterly and full year net income, which resulted in a $1.29 earnings/share for the year. The company has 2 major income segments in Computing & Graphics which brought in sales of over $6.4B for the year and an operating income of $1.26B and the Enterprise, Embedded and Semi-Custom segment which brought in $3.3B in revenues and almost $400M in operating income. They also provide an additional segment that doesn't bring in any revenues but which represents costs that can't be associated with any of the other 2 segments, but also includes stock-based compensations and acquisitions related costs. Both of these 2 segments have seen huge increases in the past year with operating income doubling for the computing & graphics segment and increasing by almost 50% for the EEC segment. AMD didn't have such a big capital expenditure in 2020, with only $294M but this can increase depending on the demand of their products while they also adjusted their income with $312M in depreciation & amortizations. Both of these numbers have increased by 40 to 50% in the past years and will be important in the DCF valuation. They have also managed to increase the gross profit margin to 45%, up 2% from 2019 as their earnings before interest & tax or EBIT stood at $1.37B. The company has seen a continued earnings per share growth overall, despite the first 2 quarters of 2020 coming in lower than previous, but that was to be expected as this was impacted by the reduced revenues in Q1 & Q2 before things started to pick up back again, as they finished with a huge increase overall in the 4th quarter. Their product portfolio has become a great challenge to Intel's market share and is continuing to evolve, as Intel is still struggling to regain momentum with their products. AMD announced the world's best processors for laptop and an enterprise variant that is expected to be available in the first half of 2021. They have also launched the fastest AMD gaming graphics card ever while also working with big companies like Amazon on their AWS cloud offerings & Microsoft Azure which are planning to use their upcoming 3rd generation EPYC processors. AMD is also involved in supercomputers which indicates that they are continuing to innovate and develop products that will be in high demand for the foreseeable future The one big thing that can propel AMD even more in the future is the proposed acquisition or more rather merger with Xilinx , which also beat earnings expectations the other day, with revenues of over $800M for the quarter and a Free Cash Flow of 44% of their revenues. Xilinx has a market cap of over $32B, and the combination of the 2 companies would create synergies. They are targeting an all-stock transaction which will have implications on my projections, but as time has gone, the $35B price tag is only a 10% premium for Xilinx. The one hurdle the companies have to pass is the regulatory procedures. We will have to wait and see if the deal goes through or not, as it's expected the deal should be finished by the end of the year, with AMD shareholders retaining 74% of the new group shares and Xilinx holding the remaining 26%. AMD also offered great guidance for 2021 as they expect the strength of their product portfolio to push AMD revenues up 37% over 2020 and also expect their gross margin to increase to 47%, while they expect an effective tax rate for next year of 15%, well belove the 21% US corporate tax rate. I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates and expectations. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… So, let's start with the Unleveraged discounted free cash flow projections to see what the current valuation of the company is. I used their total revenues projections that we will discuss later on in the long-term projection and the net income for 2020 to which I added back the Depreciation & Amortization costs they had in 2020 and got to a $1.68B EBITDA. For the next years I used 1% increase in EBIT margin which I think they can achieve pretty easy and an increase in capex of 10%/year in order to maintain an increased production capacity while also applying a 15% decrease in their net working capital. So, for an 8% discount rate, which is pretty much the Average SP500 return, we get a $9.7B Discounted Free Cash Flow by 2025. Now there are 2 methods of doing the valuation, either the perpetuity method or the EBITDA multiple method, but for both of them we do have to subtract or add the net assets or debt, which in this case stands $5.75B in assets. I personally think a use of the average is better suited for most companies, though some of the companies trade largely on the EBITDA approach and other on the growth approach. If we use the growth approach, we can see that AMD is pretty fairly valued right now, as this implies a loss of 2%, while on the other hand the EBITDA multiple approach gives us a valuation of over $112, meaning an almost 30% undervaluation of the company. But as I said, I think a use of the average is best, so, my current price target for AMD in 2021 is $98.82, implying a 13.5% return from the last price. And now let's move on to a longer-term valuation of the company based on the growth projections I have for AMD. For my projections I actually just used their full year results and implied different growth rates for each revenue stream. I think we can continue to see 50% growth rate in the EEC segment for 2021 and then implying a gradual slowing of their growth, while for the Computing & Graphics segment I implied a 35% growth, way lower than the over 100% they saw in 2020, also implying a gradual slowdown of the trend by 2025. I think these growth implications are pretty reasonable giving the high demand the company has seen for their entire product line, especially as gaming revenues have continued to increase, and also taking into account the need for their products in data centers, cloud usage & digital currency mining. For their cost of sales, I started from the current ones which stand at 80% for the Computing & Graphics segment and implied a 1% improvement each year, while for the EEC segment I started from the 88% expense margin right now and implied a gradual 2% improvement. I also maintained their other expense regarding to the cost of sales to 3% of their total revenues, in-line with the previous years. This means for 2025 we would get just over $33B in revenues and $26B in expenses, resulting in a gross profit of almost $7B. I also maintained the same capex as in the DCF and also substracted the interest & other expenses for which I implied a 5% annual growth, thus leading us to a $6.28B in earnings before tax. I maintained their 15% effective tax rate projections and also diluted their shares by 1% each year accounting for some dilution in the stock. So, for the $5.3B in 2025 revenues after tax and accounting for 1.27B shares, that would mean a $4.21 earnings/share, meaning the stock is trading at 20 times forward price to earnings for 2025. I like to base my future projections on Forward/PE valuations so, with the current projected PE and depending on what PE you assume for the stock between 25 and 40, the stock can trade between $105 and almost $168. So, after all these estimates what are my price targets? HERE are my actual price targets I think the 2025 bear case price we can see AMD trade at is $115 which would imply a return of almost 33% , while my base case and my pretty safe assumption is that AMD will trade at 137$/share by the end of 2025, implying a 57% return on the current price. But my most bullish case would see the company trading at $158, which would imply a return of over 81%. So yeah guys, THIS are my Overall price targets for 2025, my bear case is an average of the 25 & 30 PE ratio, while the normal case is the average between the 30 and 35 PE's with the most bullish case valuing the company between a PE of 35-40. So HERE [ 1 / 2 / 3 / PT ] is the full spreadsheet that I have projected for AMD by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. I think these are pretty reasonable targets, as the semiconductors industry will keep on booming in the next decade, as the world will need more & more chips that also keep advancing in technology. The company also has very good financials, with almost $9B in assets vs just $3.1B in total liabilities, which can be easily paid by just the current assets. And let's also take a look at what the estimates are from the analysts. We can only see EPS estimates until 2023 of $3.22, which I think is safe to say can grow an additional dollar by 2025, so my projections are pretty in-line with what other experts anticipate. So, what do I expect in the next couple of days, weeks and months for AMD? Let's look at this CHART, the stock just broke below the long-term uptrend but has seen good support at the $86-87 levels, which is where the next support should stand. We saw AMD pushing towards $100 in the beginning of the year, but it hit major resistance once Intel also announced a change in their leadership, as they brought in the WMWare CEO Gelsinger, but it's very hard to see him turn around Intel in a very short time. Intel will need some years & a lot of capital expenditure to turn things around, if they do manage to do it at all. AMD hasn't been overbought since August, and currently has an RSI near 41, which is pretty oversold for a good company, so I expect to see them regaining some momentum in the near-term, but I guess the market is very busy with the current short-squeezes. AMD will se a lot of resistance breaking through the $100 level, not because of something fundamental with the company, but I guess it's a psychological resistance rather. And let's take a quick look at what 24 analysts on Wall Street are saying. They mostly have a buy call on the company with an average price target of $100 and a high price target of $135. So, I think the analyst are pretty spot on with AMD, but my PT are slightly lower as it's always better to undershoot and overperform rather than the other way around. So, what would I do? Well, I own AMD stock and I believe it still has plenty of room to grow, so I would start building a position right now and add on any weakness, and I would especially buy more if the stock drops even lower than 80$. One last thing to mention about AMD is that they also have a very big % of their shares held by institutions, with over 74% of the float being held by big funds like Vanguard & Blackrock which does significantly reduce the sell-off possibilities. So, this are my projections and my expectations for the company, I think Lisa SU has done a terrific job since becoming the CEO, and has driven AMD to a renewed approach to their business, as the company has been booming in the past 5 years, growing more than twice as much as Nvidia and crushing the SP500 and Intel's performance. Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗ [link] [comments]  | ||
| Posted: 29 Jan 2021 06:53 PM PST | ||
| Posted: 29 Jan 2021 07:21 PM PST Re: Gamestop Fellow humans: This is more than a meme. This is more than a way to earn a quick dollar. This is more than a way to fuck over rich people. This is a social movement. This is a grassroots push for a more equitable system. This is a way to expose corruption and greed. This is a way to force the system to change. What happened: A number of wealthy people attempted to make themselves richer by manipulating loopholes in the market. They borrowed shares of Gamestop, sold them, and trashed the company publicly in an attempt to force Gamestop out of business. Aside from being wildly unethical, these wealthy people leveraged financial tools (short selling on margin/naked short selling) that only exist to make rich people richer. These tools exist for no other purpose. They do not add any value to our society. What they did is analogous to betting that your grandma will die, and then killing her yourself. What does this mean: This means that the rich people who were engaged in unethical practices (see above) were caught with their pants down. It means that they stand to lose billions of dollars. It means that many of us "amateur" traders stand to permanently change our circumstances. It means we can afford rent and food without going into debt, buy our first house, pay off our student loans, pay for our kids' schools, invest in our retirements, start small businesses, pursue a passion, PROGRESS in life. Perhaps most importantly, it provides us with a VOICE. What can you do: Identify and contact your local, state and federal representatives. Tell them that if anything fishy happens with the Gamestop situation, you will never ever vote for them again. Make your voice heard on social media. Talk to your friends and family about it. Don't listen to anyone who tells you that "these reddit people are crazy, this stock is worthless, innocent people are going to get hurt, this undermines the mechanics of the free market, etc." That is all bullshit. The fact of the matter is, the wealthy people mentioned above are panicking, and are willing to say anything to undermine the cause and hold onto their ill-begotten wealth. If you like the $GME stock as much as I do, BUY IT AND HOLD IT. I am not a financial advisor, I am not "smart" enough. I am just a concerned individual who likes the stock. -Anonymous [link] [comments]  | ||
| Here is a Market Recap for today Friday, January 29, 2021. Please enjoy! Posted: 29 Jan 2021 01:45 PM PST PsychoMarket Recap - Friday, January 29, 2021 Stocks sank Friday, closing out the worst week since October and ending the month lower after an extremely volatile two weeks in the market. The S&P 500 (SPY) closed the day 1.98% lower, the Nasdaq (QQQ) closed the day 2.10% lower, and the Dow Jones closed the day 2.08% lower. The saga between short-sellers and retailer traders continues, with heavily shorted stocks like Gamestop (GME) and AMC surging anew after sliding Thursday after many brokerages limited trading of these stocks. Today, after trading of GME and AMC was enabled, both stocks rallied more than 50% after nearly halving Thursday. Throughout the week, these heavily shorted stocks have generated historic trading volumes in equity markets, greatly surpassing the volume traded at even the most volatile periods of 2020. According to data compiled by Bloomberg, more than 23.6 billion shares were exchanged in US exchanges on Wednesday, the highest number ever recorded. Yesterday, the frenzy over Gamestop (GME) led popular online brokerages like TD Ameritrade, Robinhood, Interactive Broker, and others to freeze any new purchases of stocks that are popular in Reddit (GME, BB, NOK, AMC just to name a few). The response was swift. Retail traders have taken to social media to voice their anger and politicians from both sides of the aisles have publicly criticized Robinhood for restricting an investor's right to buy. A class action against Robinhood was even filed in the courts of the Southern District of New York. In light of all the chaos, the Securities and Exchange Commission (SEC) said it was "closely monitoring and evaluating the extreme price volatility of certain stocks' trading prices over the past several days. Leaders of the House and Senate committees responsible for the financial industry plan to hold hearings to look into the circumstances that led Robinhood to limit trading in popular stocks. Rep. Maxine Waters, the chair of the House Financial Services Committee said, "We must deal with the hedge funds whose unethical conduct directly led to the recent market volatility and we must examine the market in general and how it has been manipulated by hedge funds and their financial partners to benefit themselves while others pay the price." "The brave man is not he who does not feel afraid, but he who conquers that fear." - Nelson Mandela [link] [comments]  | ||
| WHY DOGE IS GOING DOWN. MUST READ!!!!! Posted: 29 Jan 2021 07:34 PM PST | ||
| Why did they restrict trading on AMC, NOK and BB? Posted: 29 Jan 2021 12:30 PM PST So as I understand Robinhood and Interactive Brokers explanations, they restricted trading because clearing houses could not provided them with the stock and whole system would go bust. But that was the case for GME where you really have shortage of stock. So why the hell did they also restrict AMC, NOK and BB when there was no shortage of those stocks and there was no issue of buying them in any way? It only created rigged market playground where you could not buy the stock only sell, which resulted in massive drop in price. Because what else could happen if you can only sell. This is most blatant market manipulation I ever seen. If Steve Cohen, Plotkin and those old boomer brokerage ceos wont face jailtime then this country is fucked. [link] [comments]  | ||
| Posted: 29 Jan 2021 06:49 PM PST Only an 8% decrease in short interest as of Friday, this is going to keep going. 19.75B in losses to shorts. [link] [comments]  | ||
| Posted: 29 Jan 2021 08:01 PM PST I got so many shares of Nokia and now I don't know what to do because it isn't going up. I got it as a beginner and because EVERYONE told me too and now I'm really stressed. Can someone give me their best word on this on whether they believe there will be and increase within the next week or so. I'm tempted to sell and put it somewhere else but I just don't know. Everyone is saying it's gonna go to the moon but man idk it's not looking so good I'm just losing money at this point. I don't wanna sell and regret either. I'm not that informed about the stock market so if someone can kindly give me some help and their insight I would really appreciate it [link] [comments]  | ||
| Posted: 29 Jan 2021 06:13 AM PST Good Morning, Market conditions still hugely volatile. Yesterday was a controversial day for some with brokers placing restrictions on trading certain stocks. SIEB (Siebert Financial) is our leading gapper at the time of writing, but I'm not including it in today's list as it shows all the signs and characteristics of a 'Pump and Dump' with no fundamental catalyst. Here are the ones I'll be watching today.
I'm going to tread very carefully today, more so than I have been all week. I suspect most activity will once again be with KOSS and GME, with them essentially mirroring each other, but there will be ample safer opportunities to those of us who are more risk-averse Other stocks I will be watching: AMC, CATB, NAKD, EXPR, PSAC. As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. Discord - I've made a Discord community a couple of days ago, the join link is pinned to my profile. Thanks all - have a good weekend. -Rep [link] [comments]  | ||
| Great Yahoo Finance Article About Robinhood CEO Game Stop AMC Hedge Fund Conspiracy Posted: 29 Jan 2021 05:19 PM PST Here is a great article that explains what happened with the stock exchanges restricting buying on certain stocks. Basically, the stock exchanges use clearing houses that have to front the cash while the traders cash clears the bank accounts. When stocks become extremely volatile, fronting the cash can be really expensive if the stock goes down. Therefore, the clearing houses tell the exchanges to stop allowing people to buy because they don't want to risk fronting the money and taking a loss if the stock price goes down. [link] [comments]  | ||
| Major short squeeze coming in metals? Compelling reasoning here... big banks on the other end of it! Posted: 29 Jan 2021 06:04 PM PST
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| Posted: 29 Jan 2021 07:27 PM PST I noticed a lot of people furious with Robinhood. I wanted to offer 2 suggestions. I use both Schwab & Ally. As they both offer FREE trading/ no commissions, as well as FREE banking services (no minimum deposits, ATM reimbursements, etc.) Additionally, Ally Bank has one of the highest saving account interest rates in the country. Schwab charges no international fees which come in handy when traveling abroad. Also, these are very large banks/ assets management firms, so I am sure they invest a lot into cyber security and customer services. I haven't have issues with neither. [link] [comments]  | ||
| DD - Short Investment Banks ������ Posted: 29 Jan 2021 07:24 PM PST
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| Stock newbie looking for help to get started Posted: 29 Jan 2021 02:42 PM PST Hiya, I'm a total stock newbie but I've been following the news wit gamestop and man is it juicy to see hedge funds be on the other side of their shenanigans for a change. I'm a very cautious person so I haven't explored stocks yet but with the GME thing I do feel inspired to dip my toes in the water. I'm browsing around to see how to get into the game and hoping some of the kinder people would be willing to give a total newbie some helpful leads to get started. I just want to start small with like 100 euro to just get a feel for how things work. Any recommendations on how to get the ball rolling? Any recommendations on apps would be too, I often see robinhood mentioned but it isn't even available in the European country I live in and them blocking the small people from trading to help the hedge funds doesn't inspire trust either. [link] [comments]  |
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