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https://t.co/NYjEsGz9Os?amp=1 You can also follow SpacGuru or SpacTrack on twitter for quick announcements on upcoming spac announcements like rumors, mergers, etc Take it out of the CCIV options premium

Looks like the hedge funds were pulling from FANG to cover their margins, SPY/FANGS may continue to lag this week

True but of all the spacs I've ever looked at I only ever saw one actually drop below 10

I did extensive math a few pages back on owning spacs for 1 month, and it came to about 20% return. Considering this was my first foray into spacs and made some mistakes, this can be increased. You buy the SPAC at 10$. It can never drop below 10-11$ until after the merger, but you'll usually...

But you won't buy BTNB at 12! I think we'll have to bite the bullet with BTNB, if people bought it at 12 on open they're probably going to diamond hands that shit

CCIV up 5% because bloomberg changed proposal to proposed on their terminal, whatever thats supposed to mean

Its hedge fund loss porn during a short squeeze, lighten up Francis

Think I'll be dumping the last of my AMC and taking the rest of my profits. My THCB is finally paying off, up 50% so far. Still a lot of sentiment floating around about a pullback or stall for the next couple weeks. I'll probably stick to selling options and buying SPACs the next couple weeks.

doge went up because it was the the only thing RH could trade on thursday and friday, and you can trade crypto on the weekend as well

Even when the market opens at 9:30 am, the first half hour to an hour of market open usually sees a lot of volatility, so could even wait a bit to see which direction the price is going before you set your order

They shorted the miners? Thats what AG is I believe

I still have my spacs! It's like a threesome now

I'll sell my EXPR and NAKD pretty soon I think, after last weeks debacle all the momentum shifted to AMC/GME, none of the other trending shorts seemed to have recovered. I'm keeping SNDL though, that was trending before this whole thing took off for different reasons, and it'll have a catalyst...

AG is a ticker I've been seeing go around, looks like that have 24% short. I think one of the things making silver attractive for the next short is the demand for silver is increasing since its being used more and more in things such as cell phones, EV batteries, etc.

Oh god, SilverSqueeze is trending on twitter now...

India just declared they want to ban private crypto and develop a central government backed crypto

He says a lot here without providing any data about his hypothesis so take it with a huge grain of salt

Get the bulk of your assets into index funds first if you haven't already. Some good suggestions are SPY, QQQ, FTEC. Do some small trades to get some practice, use limit orders instead of market orders. Set some trailing stop % if you want to buy and hold some stocks long. Once you've done that...

For options the price at 4:00 pm is what counts, anything that happens in AH won't apply till Monday for next Fridays options

Thats like going to Jiffy lube and they turn you away because they ran out of oil. Not using that Jiffy Lube again

I'm confused, you're getting out of meme stocks by investing into Tesla/BTC? :P

They'll be able to make a reboot of Swordfish except instead of government bank accounts they'll be hacking some dude who had GME from 10 years ago and forgot all about it

You think the lag time on people moving their assets out of RH is also having an affect? We'll probably see a 2nd rally next week once all the funds are transferred over

And to add fuel to the fire, the same time half the brokers were putting on the breaks, you had all the talking heads in the media talking about how evil and wrong it is what the WSB/Robinhooders are doing. Of course they're going to think it was targeted after you paint them as market...

Yeah, the market has been tough to trade outside of options because even if you were ignoring GME it was having a downstream affect on a lot of the market

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The other thing to remember is it wasn't just RH blocking trades. I refuse to believe all those collective brokers were having liquidity problems at the same time

No matter the cause RH fucked up across the board. They deserve what they get regardless of if the issue was incompetence, lack of planning, or malicious.

They lost enough that Melvin had to have an emergency 2.5 billion loaned to them to cover their margin calls. The question will be if they can make any back from all of this

Where do you see that? Haven't seen anything on fintwit yet

SNDL is primed but hasn't squeezed yet like the others. Got close to 1.00 a couple times

Elon changed his twitter pic to bitcoin, I'm sure that was 95% of it

Citron threw in the towel, whos the next victim of GamestopGate?

Technically they allowed you to trade with unsettled funds, so think of it as a free gimme that you can't do again for another 90 days. I

What I was wondering was that if it did finish over 9, what would all the options being assigned do to the price then, what it cause another pop in theory?

@Blazin whats your take on AMC finishing above 9 on Friday and the ensuing options being in the money?

I use SPAXX too

Look at that premium though, it can tank all the way to 16 and I'd still break even for a stock I think will shoot past 30 with the confirmation