Stock Market Prediction

[lamboguy]

just noticed that AG, Majestic Silver got run up after hours. i was wondering when the Reddit traders were going to find these mining stocks that are heavily shorted but nowhere near bankrupt. big names like JP Morgan are behind the shorts in the precious metals market. its just a question if these guys want to do battle with them.

everywhere you go now, there are people starting chatrooms that tout the same stocks. if they shut down Reddit and Robin Hood rooms there are plenty going now to take their place. these guys that got cleaned out shorting GME and AMC and the other ones are probably out of ammo now.

if they change the rules, it will probably be impossible for individuals to short stocks. i don't think that Robin Hood allows its customers to short stocks. other broker dealers will probably do the same thing. this is like walking into Las Vegas with a fist full of fifties telling you if you want to bet the Superbowl, you can only bet on Tampa, bets on KC are unacceptable. that's a big problem, who is going to play a one sided game?

[lamboguy]

GME now $500 per share. if they can run it up to $1000 this could be a DOW component. with a 138% net short float, it actually can go there by Friday.

they got hold of American Airlines, a company that i did short last year.

[lamboguy]

American loses $30 million a day now, i guess its time to buy the stock!

[lamboguy]

i just turned on CNBC for the first time in years, i like watching Bloomberg Business. on the ticker at the bottom of the screen it said "investors flee gold in favor of dollar and bitcoin". on the next rerun of the tape they took off bitcoin!

[lamboguy]

AMC decided to do a secondary offering while the stock price is high. this should put a damper on that stock in a former normal trading world. may not though!

[davew]

Ameritrade, Schwab, Robinhood topped trading some of those stocks that the reddit group has been riding.

There need to put restrictions on short sellers.

[lamboguy]

GME was $500 an hour ago, now $300

[PaceAdvantage]

The perfect meme for what is going on out there at the moment:

[goldenman]

XSPA IS GO TIME

[lamboguy]

GME was $300 now $450

[lamboguy]

everyone is looking at the chat room boys as being the culprit to these moves. how come no one is saying anything about the high frequency gang who have an average hold time of an equity of only 40 seconds?

[lamboguy]

GME was $450 now $150

and trading halted

[PaceAdvantage]

Originally Posted by lamboguy

GME was $450 now $150

and trading halted

[tbwinner]

I am amused by all this. One, I am GLAD these hedge fund types are getting killed. And they're going to whine all day. This BS on Robinhood,et AL restricting stock buys reeks of complete bullshit.

There is a kid that makes $13/hour at my place of business and he showed me his Robinhood app today. He is up 20K off $500. I said, RUN. Do not look back. Enjoy the money. You WILL F*** it up. I did trading options once took 1,500 into 100K and lost it all. Go take half and pay some bills and half do what ever. He won't listen. Neither will any of the rest of them.

The market is absolutely irrational to normal valuation, fundamentals. It's only a matter of time until it corrects itself. And it absolutely will.

[tbwinner]

Originally Posted by lamboguy

GME was $450 now $150

and trading halted

Closed $193. Trading $312 after hours. Wild.