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Still think TITNC3: Return of the Iceberg was peak

Discussion in 'Stocks & Investments' started by kairo, Oct 6, 2020.

  1. Feb 25, 2021 at 3:17 PM
    kairo

    kairo [OP] >_>

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    It was stressful at first, but I never broke the principle rule of investing: Never risk more than you are willing to lose. If I lose my whole principle, it's definitely gonna make me cry, and it'll set me back a bit, but it's by no means the end of the world. Had I dumped my whole net worth into it when I first bought in, I would have done at the $400 runup. But that would have been an absolutely insane risk.

    Now it doesn't really bother me. I enjoy the runup days, those are fun, but I've spent so much time reading, thinking, and planning over the last few months that I'm very confident in my decision to keep holding. Unless, of course, they opt for more shenanigans. That's almost a guarantee. Just gotta be smart and time my exit before it all implodes. That does keep me thinking a bit.

    While there will never be another GME (for many reasons) there will always be money to be made.

    GME had a "down" day today and it was still up what like 15%? That would be a damn champagne popping celebration for most other stocks
     
  2. Feb 25, 2021 at 3:24 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    This is the universal truth...
    These $AMC pumpers...never going to happen...It's price movement is being driving wholly by fomo demand...The shares floating are sufficient enough to cover short positions slowly...people were buying AMC for a discount $GME pop...
    Man I really hope it happens...because by all rights it should have already happened the day I got stopped out.
     
    98tacoma27 likes this.
  3. Feb 25, 2021 at 3:26 PM
    49erfan

    49erfan Well-Known Member

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    Put my transfer in today with Fidelity to move stocks from RH
     
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  4. Feb 25, 2021 at 3:27 PM
    MGMSangTaco

    MGMSangTaco Colorado Toyota Tuning

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    Heres some gain porn for you. The majority of this +6k was from that one $55 call I bought yesterday before GME started going up. If it goes up like this tomorrow I’m taking the $ and running. Still up 3k though.

    39BC758A-CA43-4B21-9B6E-44E4E31D3F1C.jpg


    idk wtf this was but I almost actually had a heart attack

    A187F31A-8A7F-4A03-B7CF-8B030C09951D.jpg
     
    not_nick, pdaddy and 98tacoma27 like this.
  5. Feb 25, 2021 at 3:28 PM
    kairo

    kairo [OP] >_>

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    It was on its way the day it got stopped. At the rate it was climbing, it would have nearly hit $2k a share end of day. We had that nice gamma squeeze setting everything in motion. I mean shit, I had a $55c I paid $400 for that was worth almost $40k when I exercised it. Wasn't even a weekly, it was a couple weeks out. Everything was ballistically insane that day. My GF exercised a $100c the next day she paid a grand for that was trading close to $60k
     
  6. Feb 25, 2021 at 3:30 PM
    moto.mike

    moto.mike Well-Known Member

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    i think that must've been that one 350 order that blipped the other day...
     
  7. Feb 25, 2021 at 3:37 PM
    MGMSangTaco

    MGMSangTaco Colorado Toyota Tuning

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    This was this morning, I think that blip was yesterday
     
  8. Feb 25, 2021 at 3:40 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    Yup...
    I had a $40 Call I exercised that I bought in Dec for $700....I sold one for like $26,000 to exercise the $40 and 2 $110's...when this all executed it was trading at $365 so I set a -$100 trailing for 200 shares and within 30 mins they were getting hit all the way down to $200 and out for 200+ shares...Made money...But not $MONEY$

    I'd LIKE to get $80K out of 40+ shares ;)
     
    98tacoma27 likes this.
  9. Feb 25, 2021 at 3:43 PM
    98tacoma27

    98tacoma27 is going full "SANDWICH" Moderator

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    Some stuff. Not a lot, just some.
    AMCs short is reportedly 88%. Sounds like it just needs the volume to take off?
     
    Wulf likes this.
  10. Feb 25, 2021 at 3:44 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    God love you I know that feeling....the how rich am I? Is this real? Will this all disappear?
    If it goes to $1000 a share during 9:30 to 4pm your call would show you a value of $99,950....
     
  11. Feb 25, 2021 at 3:45 PM
    MedlinAround

    MedlinAround Failure is the result of letting setbacks stop you

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    I need more stocks!!!

    Let me buy!

    If I agree, would it put my account even though it says "could" in a "good faith violation"?

    The money is there and even on its way from deposit in there.


    Have $900 in trading cash available. Deposited $500, and settled cash says 0.00 until those clear.

    It'll let me click submit but I don't want to blow something up agreeing.

    Screenshot_20210225-184713_Fidelity.jpg
     
    Last edited: Feb 25, 2021
    indoomitable likes this.
  12. Feb 25, 2021 at 3:52 PM
    slcsez2000

    slcsez2000 Well-Known Member

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    I did :)
     
    saundern[QUOTED] likes this.
  13. Feb 25, 2021 at 3:58 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    I swear as soon as I put orders in $GME is solid at JUST ABOVE $100...
     
  14. Feb 25, 2021 at 3:59 PM
    MedlinAround

    MedlinAround Failure is the result of letting setbacks stop you

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    Read my comment above. You'd know more about that then I would. Wanting to put in a few more share orders.
     
  15. Feb 25, 2021 at 4:01 PM
    ThunderCookies

    ThunderCookies This is the Wait

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    Volume on $GME yesterday was like 89M and today 149M

    is everybody strapped in? Remember to keep your arms inside the rocket at all times :rocket:
     
  16. Feb 25, 2021 at 4:01 PM
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    I suck at investing
     
    boston23 likes this.
  17. Feb 25, 2021 at 4:02 PM
    moto.mike

    moto.mike Well-Known Member

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    how 'bout gamblin'?
     
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  18. Feb 25, 2021 at 4:02 PM
    98tacoma27

    98tacoma27 is going full "SANDWICH" Moderator

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    Some stuff. Not a lot, just some.
    Wait, I thought we were supposed to flap?
     
  19. Feb 25, 2021 at 4:04 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    Yeah...
    So you sold something in the last 2 days that gave you cash..
    Now you want to use that cash to buy $GME...
    IF you do buy $GME you're not supposed to sell it for 2 days...
    SOOOooo IF $GME goes plaid (I'm calling it that now) you'll sell and take the 1st of 3 strikes for good faith violation...
    I got one for flipping $GME Calls...I had a call I bought with unsettled cash that was up like $10,000...I said "I'll take the hit.."
    Best thing is options cash settles at the end of day anyhow so the next day? That 10K is available...
     
    MedlinAround[QUOTED] likes this.
  20. Feb 25, 2021 at 4:04 PM
    Wulf

    Wulf no brain just damage

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