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Speaking of, this whole ordeal got me to actually read WSB for the first time (I never really read anything there). Shit like that guy trying to figure out how to accept physical barrels of oil was fucking hilarious.

Nah, I'm buy and hold the total market. Always have been. It was definitely an interesting week though. I learned a lot. I've mentioned before I have a finance degree, but I don't work in anything really "finance" related. It also made my days fly by as I was constantly reading and watching...

Alright, I'm out. -$491.58 on a $1000 buy. Fuck a bunch of that.

Fucking meme stock won't even get back to my 50% number. Keeps going right under. At this point I may just say fuck it and hold (and yes, the difference between losing $501 of $1000 vs $499 is completely insignificant, but I want it!). On the plus side, the broader market is crushing it this...

Sadly, I'm excited to maybe get out of this AMC position down 50%. I still blame Robinhood for being shit and pushing my order out so far. Should've been in somewhere between $8-12, but ended up at $16.50.

I mean, people shouldn't listen to Mark Cuban anyway. Similar to DeepFuckingValue and people saying "if he's in, I'm in." Uh, he cashed out millions already. He's in a significantly different financial situation than you. If Mark Cuban throws a million into it and loses it all, he's still...

I don't know how you all do this day trading shit. I'm down like $250. And it's stressing me the fuck out. Not even talking about how insignificant that is to my net worth, I make just over $50/hr. There's no reason I should care about this. I'm hoping to get out of this even, but if not...

AMC down into the toilet after hours. Geez. Below $12.

And if not this Friday, surely next Friday. Unless it's not, then it'll probably be the following Friday.

Not sure that's founded in reality. Also doesn't help when AMC issued 22 44 million new shares last week.

I think people are starting to panic that they've been sold a lie, and they want the price jacked up to cover their losses, while still shouting about how "oh, I'm definitely diamond hands on this!" I could be wrong and maybe there are still uncovered shorts, but my gut says this ride is over.

I'm more surprised they've been holding steady in price all day. You really figured they'd either pop high or low. Not just stay in that weird overvalued and not at all realistic, but also not moon.

Feel like I lost my opportunity to get out of AMC in the green. Resistance at $16 is too high.

Ouch. Wife of Plotkin, the hedge fund manager for Melvin, filed for divorce.

Haha, I was thinking the same thing. 10% in a year is good. 2-300% in a week? Yeah, I guess that's just okay as a consolation prize.

So the wife and I are hoping to be in the Florida panhandle in the next few months (been saying this for a while though and the job prospects haven't worked out). We'll be renting for a while, but the plan is to buy as soon as we get a better feel for the areas. I have two options that I'm...

Was thinking I kind of hope this meme stock thing depresses the overall market for the next couple weeks (at least this week, as most of our automatic deposits come at the end of this week). We're about 7% off our retirement number, assuming we clear what Zillow says our house is worth when we...

Was telling my wife yesterday I'm astounded at the amount of posts by poor people that are up anywhere between $50k-2M. Like, dude...are you fucking retarded? Now granted, some of these may be faked, but still. I suppose that's how they got there though, because the common sense is lacking. If...

Yeah, said this the other day. What, do people think everyone else on Wall Street can't read WSB? Even if you may hurt Melvin (and I'm getting skeptical that even that will happen; they've probably covered their losses as this thing has fluctuated), the other players are going to make a massive...

Right, but where do you sell physical silver? Especially in coin form.

Speaking of, I was kind of surprised no one commented on the commercials in the "outside world." Like, the one came up, but they just kind of ignored it like it was an actual commercial break. Seems kind of weird that they wouldn't at least be like "weird, a Stark ad?"

So this may be an odd question, but a long time ago my wife worked at a bank and they allowed their tellers to exchange coins. We've got 179 pre-1965 quarters, which is about 32 oz of silver. If silver does spike, what the fuck should I do with them? They've just been sitting in a box that...

Good stuff here...

The WSB comments fucking kill me sometimes. I may stick around just to laugh at this shit.

This. And at the end I was like, "what the fuck, it's over already?" These are some seriously short episodes.

There will never be data to back it up. The hedge funds aren't going to tell us what they're doing. That's what I was asking if there's any reason not to believe it's possible. I'm of the mind that a hedge fund manager with billions in assets and the advantage of having WSB being publicly...

To add to my post (as I'm reading more), it's also highly likely that all of those sub-$100 shorts have been covered. Why wouldn't a hedge like Melvin ride this wave up with the rest of the autists, use that to cover their losses, and take out new shorts in the $100-300 range? I mean, the hedge...

I mean, it's like people think the rest of Wall Street are ignoring this too or something. In the grand scheme of things, even if this is a few hundred billion, the market is trillions. There are plenty of Wall Streeters that didn't short these companies and are ready to pounce on all this easy...

May not be the same guy, but at the very least, fuck that dude. Apparently worked at Lehman in 2008 as a SVP. https://www.zoominfo.com/p/Jeffrey-Psaki/16675738

I have a feeling that's just a stupid tweet and the article doesn't say it at all. Based on her memo, that's not what she's asking. But she's definitely not "sticking up for retail investors," either.

Good luck trying to sort out the hundreds of millions of transactions over the last week.

Someone in the comments of the ZH article said maybe it's that RH is the brokerage that lent out all the shares for the shorts? So they might for real be fucked. I don't know if that logic actually follows though.

2008 wasn't that long ago. Even if a lot of these people didn't have money in the market, their parents probably did. And they may have also graduated into a job market that was cratered by it. I think next week I'm off the meme train. My brother-in-law has bought a decent amount (probably in...

So essentially we'll see the price crater, and then blow up Monday morning?

Asked in Discord, but these ITM right now, is it at market close, or does AH count too? Just curious if we hit our mark or have to sit here shitting for another 4 hours.

I say good luck to my FOH retards. I wish I had made a ton on this and could write someone a check too.

He doesn't understand why he bought them in the first place. That was essentially just a pump and dump, when the entire point was a short squeeze. But okay.

Agreed. There's going to be a bloodbath if a bunch of people expecting today to be "the day" start selling.

Need even more because they're going to ladder the shit out of this to try and force the price down, and likely retail will be locked out of trading to make up the difference. Feel like we need $300+ GME and $15+ AMC.