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01-25-2021, 10:35 AM
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#2416
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
Originally Posted by ultracapper
My kid was telling me about this a couple days ago. It sounded like there's a conglomerate (for lack of better word) of game players that saw the short interest, and ganged up and bought, bought, bought. They looked at the shorters as personal enemies.
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the same thing is gong on now with Bed Bath and Beyond. anything that has a large short interest in it you don't want to be short
GME now $120. at some point i am going to short this, i just don't know where to start. i say within 3 months this thing is back down to $10.
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01-25-2021, 11:02 AM
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#2417
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
Originally Posted by lamboguy
a regular gas run car has about 60 pounds of copper in it, a TESLA has 180 poundshttps://midasletter.com/2020/01/copper-how-teslas-biggest-ingredient-could-make-you-rich-in-2020/#:~:text=Whereas%20most%20of%20the%20ingredients,4 5%2C000%20tons%20just%20for%20Tesla.
the other big metal to keep in mind is nickel. BLSTF, Blackstone Minerals is an interesting nickel play. it is a Brent Cook pick who is a geologist with a semi decent track record. the stock price looks like its a bit ahead of itself right not, .31 would be a better entry point probably because there are many that tail this guy.
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BLSTF up 41% to .51 with no volume at all.. stay away from it!
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01-25-2021, 12:45 PM
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#2418
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Registered User
Join Date: Jul 2013
Location: Seattle
Posts: 3,943
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Quote:
Originally Posted by lamboguy
BLSTF up 41% to .51 with no volume at all.. stay away from it!
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Penny stock promoter looking for buyers to sell into.
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01-25-2021, 01:42 PM
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#2419
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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01-25-2021, 02:02 PM
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#2420
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Gamestop high for the day $159.00, now $77 sunset strip on its way to $10.
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01-25-2021, 02:12 PM
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#2421
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Game Stop is on the verge of bankruptcy and they got it all the way up to $159.. they ran up Hertz while they already filed. these guys sitting in those rooms over the internet are powerful. but nobody is better than the market.
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01-25-2021, 05:18 PM
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#2422
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,460
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You should become a millionaire 100x over as you short as much as you can on this new gravy train.
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01-25-2021, 05:38 PM
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#2423
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
Originally Posted by ultracapper
My kid was telling me about this a couple days ago. It sounded like there's a conglomerate (for lack of better word) of game players that saw the short interest, and ganged up and bought, bought, bought. They looked at the shorters as personal enemies.
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there are people that have large accounts at broker dealers that have 9-1 leverage on their shorts against their long holdings. when the total assets go negative, the broker dealer will automatically cover the shorts. the Robin Hooders know by the amount of the shares on the bid buying the stock and they give them their shares.. the shorter gets wrecked. . this won't last forever, nothing good ever does, otherwise we would all be multimillionaires over and over again. one day you will wake up and see Game Stop with a large gap down.
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01-26-2021, 12:17 PM
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#2424
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by FakeNameChanged
Both Bitcoin & Litecoin are showing me the same indicators to SELL now.
I have roughly six sell signals on Bitcoin over the last two weeks. The 8 day EMA has slightly crossed the 20 day MA, which is another short term negative signal.
Ethereum also looks very close to a strong sell, but not yet. Tread lightly if you are in these.
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Bitcoin continues to struggle, and has stayed below it's 20 day Moving average for 7 straight days now. If it pierces the 50 day again, it may drop to the 21,500 to 26,000 range. Or it could just go sideways for several weeks, like the market. If it drops dramatically, I think the market will follow, or vice versa.
https://schrts.co/cVgsmQfn
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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01-26-2021, 02:27 PM
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#2425
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
Originally Posted by FakeNameChanged
Bitcoin continues to struggle, and has stayed below it's 20 day Moving average for 7 straight days now. If it pierces the 50 day again, it may drop to the 21,500 to 26,000 range. Or it could just go sideways for several weeks, like the market. If it drops dramatically, I think the market will follow, or vice versa.
https://schrts.co/cVgsmQfn |
nice call
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01-26-2021, 02:28 PM
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#2426
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Game Stop update, now up $46 so far today. this stock seems to be a tough one to take to bed these days.. these are all big moves for an $8 billion market cap...
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01-26-2021, 02:42 PM
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#2427
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,460
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Quote:
Originally Posted by lamboguy
Game Stop update, now up $46 so far today. this stock seems to be a tough one to take to bed these days.. these are all big moves for an $8 billion market cap...
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the higher it goes, the more you're gonna make in the end when it tanks
Maybe a suitcase full of cash is in order here? Fly down to your broker?
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01-26-2021, 02:43 PM
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#2428
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,460
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BTW
THIS IS WHEN YOU KNOW WE ARE SERIOUSLY APPROACHING A MARKET TOP
https://markets.businessinsider.com/...1-1-1030000080
GameStop short-sellers lost $1.6 billion in a single day as Reddit traders rebelled against them
Weird headlines such as the above NEVER appear near a bottom...ALWAYS near a BUBBLE top.
You all have been warned.
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01-26-2021, 02:58 PM
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#2429
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
Originally Posted by PaceAdvantage
BTW
THIS IS WHEN YOU KNOW WE ARE SERIOUSLY APPROACHING A MARKET TOP
https://markets.businessinsider.com/...1-1-1030000080
GameStop short-sellers lost $1.6 billion in a single day as Reddit traders rebelled against them
Weird headlines such as the above NEVER appear near a bottom...ALWAYS near a BUBBLE top.
You all have been warned. |
that couldn't be more right.. the guys that went to the woodshed to get raped are running out of money and they have to sell the stocks that they are long on to cover the money they blew up shorting stocks that looked like sure things to bankrupt. this is gong to be worse for the economy than the corona could ever dream of.
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01-26-2021, 03:08 PM
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#2430
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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AMC doubled the past week.. this is another that is headed towards bankruptcy that the Robin Hoods got into. how dumb of me not to play that one!!
all i can say is you got to write all these stocks down on a piece of paper and start picking numbers to go short.
my prediction for Game Stop is that, and all the other ones that are full of nonsense, is that there will be a stronger contingent of people that will band together and gap this thing and all the other down, like $100 gap down..
the defined risk premiums are to high to play this game now. if you are going to short don't go over your head and go over night.. i am going to short 100 shares of GME tonight and every night until this stock goes to hell. its not much, but i don't want to get carried out either.
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