Investing General Discussion

Blazin · Jan 28, 2021

For those still wanting to take a gamble on AMC it may be safer to wait and let it prove itself.

This is pretty classic support turning into resistance. That grey band I added shows an area where yesterday and last night people where jumping in as buyers. Those buyers who are still holding are now red. When people find themselves red on a position many take the attitude "I want to get back to even and get out" So as the price nears that price range the selling increases as those traders say close enough and close the position. If it breaks above that band (~$12.00) it would climb to the next resistance pretty quickly.

Sanrith Descartes · Jan 28, 2021

Arden said:
Funny. RH hasn't shut down dogecoin. I was able to buy 40k.

Their friends aren't short dogecoin.

Tmac · Jan 28, 2021

SEC Investor Complaint Form

www.sec.gov

File your complaints here homies.

Sanrith Descartes · Jan 28, 2021

Rajaah said:
I wanted to get Fidelity to begin with, but ended up going with Stash. The problem is that some employer already opened a Fidelity account in my name at some point, and I couldn't open a new one or use the existing one to trade stocks. Until I get in touch with them to sort it out, Fidelity is off the table. Meanwhile Stash is blocking purchases of AMC or GME. So yeah.

If you had a netbenefits (401k) with them and it sat empty and idea dor.morw than 2 years it goes dormant and fucks up opening a new account. Its a known problem they refuse to fix. Got to call them.

Sanrith Descartes · Jan 28, 2021

Drinsic said:
I assume they're blocking the others?

Not that I am aware of.

Sanrith Descartes · Jan 28, 2021

Nirgon said:

Gee, I wonder why Elon hates shorts so much

Sanrith Descartes · Jan 28, 2021

Blazin said:
Sanrith Descartes I bought to close my SPY puts for Monday I set a tight stop on them at the day high .

Same here. I closed my QQQ at 26 cents. I felt the 20 bucks per contract verses waiting for a 5 cent close was being a little hoggish considering the volatility the last day or so.

Springbok · Jan 28, 2021

Stonk stonk tomorrow we take gme to jupiteeeee

Arden · Jan 28, 2021

Sanrith Descartes said:
Their friends aren't short dogecoin.

Dogecoin has been just as volatile as GME and friends and it's part of the WSB push. Like you said, the only difference is that RH doesn't have a controverting interest in Doge.

Khane · Jan 28, 2021

Alright friends, I am going to be slowly moving my accounts from Vanguard to Fidelity. It's overdue and of course this is the worst time on earth to do it because Fidelity is slammed and its currently not possible to create a new account.

That being said, what do you guys recommend as the settlement fund? On the surface it doesn't seem to matter much, and I probably won't be holding much in cash for extended periods, but SPAXX looks like it might have the edge because it might have higher interest?

TL;DR it doesn't look like it matters but am I missing something?

Ossoi · Jan 28, 2021

Arden said:
Dogecoin has been just as volatile as GME and friends and it's part of the WSB push. Like you said, the only difference is that RH doesn't have a controverting interest in Doge.

pure pump and dump

Wingz · Jan 28, 2021

stupidmonkey said:
341 likes... I refuse to believe.

Employees told too.

Blazin · Jan 28, 2021

Khane said:
Alright friends, I am going to be slowly moving my accounts from Vanguard to Fidelity. It's overdue and of course this is the worst time on earth to do it because Fidelity is slammed and its currently not possible to create a new account.

That being said, what do you guys recommend as the settlement fund? On the surface it doesn't seem to matter much, and I probably won't be holding much in cash for extended periods, but SPAXX looks like it might have the edge because it might have higher interest?

TL;DR it doesn't look like it matters but am I missing something?

I use SPAXX I don't believe it will matter in any meaningful way, and it can be changed later if you wanted/needed. I believe there is one that relates to using their cash management/checking/debit

Ravishing · Jan 28, 2021

Blazin said:
For those still wanting to take a gamble on AMC it may be safer to wait and let it prove itself.
View attachment 331738

This is pretty classic support turning into resistance. That grey band I added shows an area where yesterday and last night people where jumping in as buyers. Those buyers who are still holding are now red. When people find themselves red on a position many take the attitude "I want to get back to even and get out" So as the price nears that price range the selling increases as those traders say close enough and close the position. If it breaks above that band (~$12.00) it would climb to the next resistance pretty quickly.

I respect your fundamental approach but I don't know how they can be used here when the stock couldn't be bought all day and you have an angry mob that are going to jump on it as soon as they are allowed.

Fogel · Jan 28, 2021

I use SPAXX too

Blazin · Jan 28, 2021

Ravishing said:
I respect your fundamental approach but I don't know how they can be used here when the stock couldn't be bought all day and you have an angry mob that are going to jump on it as soon as they are allowed.

Well it traded 500 million shares today so yes they reduced the activity, but people should realize now that there are far more hands in this pot than reddit/RH. This is not low volume where technicals wouldn't apply it's an extremely high level of volume.

Jackie Treehorn · Jan 28, 2021

Ravishing · Jan 28, 2021

Blazin said:
Well it traded 500 million shares today so yes they reduced the activity, but people should realize now that there are far more hands in this pot than reddit/RH. This is not low volume where technicals wouldn't apply it's an extremely high level of volume.

Yesterday it was 1.2B volume.
I know what you mean but when most of that volume is Sell, it's kinda tough to say that it's time to exit.

They just pissed off a ton more people with today's actions. I'm banking on a big day tomorrow... but of course I could be very wrong.

Blazin · Jan 28, 2021

Ravishing said:
Yesterday it was 1.2B volume.
I know what you mean but when most of that volume is Sell, it's kinda tough to say that it's time to exit.

They just pissed off a ton more people with today's actions. I'm banking on a big day tomorrow... but of course I could be very wrong.

I never said to buy or sell. Trying to show how sometimes paying more is the safer bet. Buying the resistance is more likely to find yourself in the red than to quickly buy a breakout when/if it happens. So right now paying $11.00 is a higher risk set up than paying $12.00 is my point and that can be counterintuitive which is why I bring it up.

Ravishing · Jan 28, 2021

Blazin said:
I never said to buy or sell. Trying to show how sometimes paying more is the safer bet. Buying the resistance is more likely to find yourself in the red than to quickly buy a breakout when/if it happens. So right now paying $11.00 is a higher risk set up than paying $12.00 is my point and that can be counterintuitive which is why I bring it up.

If I was smart I would have waited to buy back in at $6 but of course by then they wouldn't let me buy lol.

I'm still salty my sell at $21 didn't process in time. I sold around 18.5 but rebought too soon.

Investing General Discussion

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