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Anyone buying stock this week ?


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I think what Reddit is doing to wall street is awesome.

My grandmother bought me a savings bond when I was kid so I pocketed $25 in 1993.  That was good.

I can't think of a single reason to buy this week. We're nowhere near knowing where the floor is here. 

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It's satisfying watching wall street bozos sh*t their pants when a bunch of normal people decide to invest en masse and use a "free market" to their advantage.

Especially after watching some of those guys at the top treat our Economy like a casino which landed us in economic turmoil many times before. Example being 08 which wrecked the lives of millions. 

This all Highlights a greater issue, and its fascinating to see it arise from redditors thinking it would be cool to invest in archaic companies. 

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Just now, Grandy said:

It's satisfying watching wall street bozos sh*t their pants when a bunch of normal people decide to invest en masse and use a "free market" to their advantage.

Especially after watching some of those guys at the top treat our Economy like a casino which landed us in economic turmoil many times before. Example being 08 which wrecked the lives of millions. 

This all Highlights a greater issue, and its fascinating to see it arise from redditors thinking it would be cool to invest in archaic companies. 

And they wonder why people want to burn sh*t down.

Luckily, I caught a twitter alert right when it was announceded that RobinHood was pulling AMC etc. from the platform.  Sold my AMC pre-market at about $17/share for a nice little profit.  Last time I looked it was sub $10.

They really really try to **** over the little guy.

This tweet just about sums the whole situation up.

 

 

 

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9 hours ago, PS17 said:

Never invested in my life, but I also bought a couple shares. Took my NY unemployment money from this week and sunk it into GME.

Someone tell me what to do next.

Ride the wave if you want, or just flip ASAP. Its not an investment strategy,  its a way to tell Hedge fund MF'ers to go to hell.

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Man you guys can laugh.... im a smart guy, seriously I act goofy here but im very smart BUT i dont know crap about stocks. Like absolutely zero.

Its like you guys are speaking chinese. But im seeing the money some of  you guys make holy smokes.
 

lets put it this way. My friend told me a few days ago he has about 250 worth in bitcoin. So I was curious and asked, “can i see what it looks like? Is it golden or does it look like a euro?”

hillarity ensued. Thats how lame i am in this field

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1 minute ago, HighPitch said:

Man you guys can laugh.... im a smart guy, seriously I act goofy here but im very smart BUT i dont know crap about stocks. Like absolutely zero.

Its like you guys are speaking chinese. But im seeing the money some of  you guys make holy smokes.
 

lets put it this way. My friend told me a few days ago he has about 250 worth in bitcoin. So I was curious and asked, “can i see what it looks like? Is it golden or does it look like a euro?”

hillarity ensued. Thats how lame i am in this field

I am you.

"But what is Bitcoin?   It's not actually a thing?  That goes up in value.   But it isn't actually a thing?"

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12 hours ago, southparkcpa said:

I am a fee only independent CFP and would tell you that 75 percent of all advisors are salesman who are in it for themselves.

Read John Bogles book "Common Sense on Mutual Funds".   or his book " Enough". 

Both are outstanding.

If your FA doesn’t have some incentive in the game you need to find another one. 

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At 3:54 today I bought into the dip.  I took a few thousand out of a mutual fund and said let's have a little fun.  AMC and GME.  Immediately they started climbing.

image.png

 

That is the percentage increase after they stopped updating with the after hours trading.

I will watch it in the morning and don't plan on riding anything to the moon. If I can get 50% on a retail store that is going out of business with in 5 years, I will be happy and call it a day.  :)

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2 hours ago, Lizard King said:

It’s exactly what the league was worried about with him buying the team. He has more Skeletons in his closet than Dahmer

I don't know much about him. Skeletons as in dirty wall street stuff?

The Mets can't catch a break. GM has a scandal and now a rough week for the owner.

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36 minutes ago, Maxman said:

At 3:54 today I bought into the dip.  I took a few thousand out of a mutual fund and said let's have a little fun.  AMC and GME.  Immediately they started climbing.

image.png

 

That is the percentage increase after they stopped updating with the after hours trading.

I will watch it in the morning and don't plan on riding anything to the moon. If I can get 50% on a retail store that is going out of business with in 5 years, I will be happy and call it a day.  :)

The guys on reddit have been talking about holding GME and AMC stocks until they increase greatly, with GME going in the thousands.

Sounds far fetched, but with the resolve these guys have had so far I wouldn't be shocked. 

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9 minutes ago, TeddEY said:

Bought $250 in Dogecoin this morning for the lols.

Im up $50 already.

Same, been hodling LTC for years and doing a bit of trading in XRP/XLM but got the tip last night from discord and chucked a few hundred on Doge. Big early gains but seems to be up and down now, hoping for another push today.

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2 hours ago, Matt39 said:

Bed Bath messed with the pillow guy and got the horns lol. This is entertaining. The emperor has no clothes, but we knew that already.

Fukk them and Target too.  But I don't see how anyone would invest in retail right now.  I own about 25K of walmart as they have a strong online presence and they do well in down markets.

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14 minutes ago, southparkcpa said:

Fukk them and Target too.  But I don't see how anyone would invest in retail right now.  I own about 25K of walmart as they have a strong online presence and they do well in down markets.

For sure. I guess mayyybe they had underestimated the PlayStation and Xbox release with GameStop? Idk. Would agree though.

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1 hour ago, AFJF said:

My grandmother bought me a savings bond when I was kid so I pocketed $25 in 1993.  That was good.

Finally was able to cash all that sweet sweet first communion money

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On 2/28/2020 at 11:33 AM, Biggs said:

That's fair.  FYI I just bought Vanguard growth fund index today.  The buy will be at the close today.  I do think we are likely to see a recession and earnings shrinking.   I also think the markets will be significantly higher 5 years out than they are today.  There are so many more middle class and highly educated people across the globe I just can't believe we will go backwards for very long.  

I did the same .... Good to see others are thinking similar.... Now hopefully we are thinking correctly 😉.

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1 hour ago, southparkcpa said:

Fukk them and Target too.  But I don't see how anyone would invest in retail right now.  I own about 25K of walmart as they have a strong online presence and they do well in down markets.

Totally agree. I looked into Tanger (SKT)  a while back @$24. They own a ton of factory outlet and regular plazas. They had a 98% occupancy rate and things were looking up. Paid a decent dividend too. We'll it was down to $6 in October before it's recent bounce back to $16 which still has me puzzled. 

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1 hour ago, southparkcpa said:

Fukk them and Target too.  But I don't see how anyone would invest in retail right now.  I own about 25K of walmart as they have a strong online presence and they do well in down markets.

Agreed.  Having worked in Finance for a retailer that went bankrupt in 2018, there is no way that I am investing in Retail, although Wal-Mart is probably an exception. 

I am not a day trader, have no interest in getting into that game.  I tend to invest long term (which has worked well for me over the past 30 years) and Retail is not a segment I want any part of right now.  There may be short-term profits to be made, but I am just going to sit on the sideline and watch as this drama plays out.

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1 hour ago, southparkcpa said:

Fukk them and Target too.  But I don't see how anyone would invest in retail right now.  I own about 25K of walmart as they have a strong online presence and they do well in down markets.

Wait, you guys are really taking the MyPillow guy's side here?

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It will be interesting to see if GME and AMC have a late Friday afternoon dump from profit takers.

I scooped up a little more APP today on this sell off, but have stayed out of the fray and am just holding stocks that I like long now.

 

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6 hours ago, TeddEY said:

Bought $250 in Dogecoin this morning for the lols.

Im up $50 already.

I tried buying it but couldn't on TD Ameritrade.

Ended up selling the GME and AMC that I bought yesterday.  I think I bought GME at $190 and sold for $313 this morning. AMC was at $8.83 and I sold it at $13.15.  Funny stuff.

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18 hours ago, Maxman said:

I don't know much about him. Skeletons as in dirty wall street stuff?

The Mets can't catch a break. GM has a scandal and now a rough week for the owner.

Yeah he is a notorious inside trader, made a living on it, and rumors of all sorts of stuff you see in the movies 

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