The Official Stock Market Thread

[JMarchand1981]

Originally Posted by AnthonyCorona

I hate to sound so stupid but do stocks work like cards sometimes? A guy with a big following mentions a player, card or stock and the price soars for no other reason? If this is the case I guess it makes understanding the market even more difficult.


Sent from my iPhone using Tapatalk Pro

That isn't a stupid question at all.

To answer your question, if you are following some nobody, chances are you don't know how to build an entire portfolio. Trading stocks isn't just pick one, hope and then wait for the next one. These guys sending out that information aren't professionals and they aren't licensed to do anything but drive. It's scary the impact they have in cash flows. It's scary that people allow them to have that kind of impact on cash flows.

There is a reason why people in corporate finance and professional money managers make the money we make. There is knowledge there to help mitigate when the markets turn sour. More importantly, there is knowledge and experience there to know when the pot starts to turn upside down BEFORE it happens. Someone who looks at the market without bias can do that. Someone with bias cannot (the bias is why the money managers got hammered in 2001 and 2007-08). Someone solely playing off of tips from someone has nothing but bias, right? Those are the ones who ultimately lose the most.

[JMarchand1981]

Originally Posted by xbignick

Traditionally someone like Warren Buffett moves the market. People buy holdings simply for no other reason than his Berkshire Hathaway has invested in them (believe JMarchand1981 had a gripe against that in the last thread). Cathie Wood, who runs the ARK ETFs, is someone else people look at to see what she buys and sells. She has been really popular since the start of the pandemic.

I'm not sure how much a twitter personality (one followed by places like Wallstreetbets) can move a stock like AMC but just looked at this particular timeline and he started sending tweets about it on January 12th.

Between then and now he has sent 43 tweets containing "$AMC" to 207.3k twitter followers. On the 12th it was already 10% up on its January low but has since popped to where it is now. It may be nothing or something.

I personally switched from CNK to AMC back in December so I don't trade based on twitter pumps but do follow them to see if what I currently own coincides with a recent wave of theirs.

To be clear, my gripe with Buffett isn't actually with him. It's with how he gets covered and how people mimic his actions. Warren Buffett has an extraordinary amount of money. He can cover up for massive immediate losses by buying at a lower point. He knows how to manage a portfolio. This is the very key fundamental to this. He knows how to manage a portfolio.

People who watch the news don't. Berkshire took a stake in Barrick recently. Ticker is GOLD if you don't know and want to look. It was pretty widely covered when the 13F was published. It was closed by the next 13F, yet I STILL am hearing people talk about how GOLD is perfect because Buffett owns it. That is both the media reporting recklessly and then the investor not doing their own due diligence when the rubber meets the road. It's things like this that bother me.

This is a small example but it happens with almost any coverage that he gets. People don't follow up because they don't want to do the work. They don't want to read the SEC filings. They don't want to read the annual report. People are inherently lazy when it comes to their retirement and invested monies. This thread is a poor example of that because the people here, by and large, do the work. You guys do your own due diligence.

It isn't him or his investing strategy. He is a firm foundation guy. You guys know me. I am your quintessential firm foundation guy, so we have similar basic principles for a worthwhile investment. He also comes off as a decent guy for what little you see from him first hand. Plus, the guy did a freaking cameo on The Office where he was bitching about mileage reimbursement. That stuff is great.

It's just the coverage. It exploits a weakness in the mindset of your typical American. It isn't as harmful as the "react to a twitter comment from some random guy", but it isn't a ton better, either.

[jeg2315]

Bought some TRIT in my "degenerate/high risk" portfolio as something of a lotto play before close yesterday. Has been attacked by shorts, but company said it would buyback roughly 10% of the float. Potentially questionable financials aside - reminds me of Wirecard - I'm taking a chance on a potential short squeeze in the near-term. Small position, so won't lose sleep if it doesn't play out.

[monkeymcgee]

Awesome--didn't realize there was a thread for my other favorite hobby

Think Citron is hating life yet? Mess with WSB and you get the horns.

I'm glad I got into PLTR calls earlier this week before the jump since I sold GME way too early.

I won't bore you with my tickers, but I've got many ARK family long-dated calls that have been very good to me. Hoping my QS calls pay off a bit more before I close them out.

[finfangfan]

Originally Posted by monkeymcgee

Awesome--didn't realize there was a thread for my other favorite hobby

Think Citron is hating life yet? Mess with WSB and you get the horns.

I'm glad I got into PLTR calls earlier this week before the jump since I sold GME way too early.

I won't bore you with my tickers, but I've got many ARK family long-dated calls that have been very good to me. Hoping my QS calls pay off a bit more before I close them out.

I remember you from the nonsports side... Nice to see you back!

[Eskimokissers]

I like the ARK ETFs as they've been good to me too. I eyeball their trades and see they're really buying up TAK right now. I'm finally seeing more now why ARK likes them than I did when they first hit my radar last month.

[monkeymcgee]

Originally Posted by finfangfan

I remember you from the nonsports side... Nice to see you back!

Thanks! Yeah, I pretty much just do baseball now--although I did pick up some GPK Sapphire wax to hold. I still have a small sketch collection for the stuff I couldn't part with

Originally Posted by Eskimokissers

I like the ARK ETFs as they've been good to me too. I eyeball their trades and see they're really buying up TAK right now. I'm finally seeing more now why ARK likes them than I did when they first hit my radar last month.

Good point about their trading activity--I highly recommend anyone who is into riskier stuff to sign up for their daily trading reports even if they aren't investing in ARK ETFs. If nothing else, they provide some interesting new companies to check out

[finfangfan]

In the last 10 minutes of trading Friday, I picked up 300 shares of XSPA @ $1.77 using my profits from flipping PLTR. XSPA used to be airport spas but pivoted their business model last year to provide COVID screening at airports. Their stock shot up last year early COVID to $7+ but they’ve struggled to get things together. Friday they bounced 11% and I’m hoping the momentum continues through the weeks/months ahead.

[carlo16]

Originally Posted by JMarchand1981

To be clear, my gripe with Buffett isn't actually with him. It's with how he gets covered and how people mimic his actions. Warren Buffett has an extraordinary amount of money. He can cover up for massive immediate losses by buying at a lower point. He knows how to manage a portfolio. This is the very key fundamental to this. He knows how to manage a portfolio.

People who watch the news don't. Berkshire took a stake in Barrick recently. Ticker is GOLD if you don't know and want to look. It was pretty widely covered when the 13F was published. It was closed by the next 13F, yet I STILL am hearing people talk about how GOLD is perfect because Buffett owns it. That is both the media reporting recklessly and then the investor not doing their own due diligence when the rubber meets the road. It's things like this that bother me.

This is a small example but it happens with almost any coverage that he gets. People don't follow up because they don't want to do the work. They don't want to read the SEC filings. They don't want to read the annual report. People are inherently lazy when it comes to their retirement and invested monies. This thread is a poor example of that because the people here, by and large, do the work. You guys do your own due diligence.

It isn't him or his investing strategy. He is a firm foundation guy. You guys know me. I am your quintessential firm foundation guy, so we have similar basic principles for a worthwhile investment. He also comes off as a decent guy for what little you see from him first hand. Plus, the guy did a freaking cameo on The Office where he was bitching about mileage reimbursement. That stuff is great.

It's just the coverage. It exploits a weakness in the mindset of your typical American. It isn't as harmful as the "react to a twitter comment from some random guy", but it isn't a ton better, either.

Some of this is fair but Buffett is great person for beginner investors to read up on and listen too. His advice to the common investor is very simple and easy to understand. Investing in a stock just because Berkshire did I agree is a mistake, but remember Buffet built this empire. Berkshire didn’t always have the clout they do now. People on this thread can do muuuuuuuuuuuuch worse than listening to Buffet. He’s forgotten more about the market then anybody on this thread knows 10x over.

[JMarchand1981]

Originally Posted by carlo16

Some of this is fair but Buffett is great person for beginner investors to read up on and listen too. His advice to the common investor is very simple and easy to understand. Investing in a stock just because Berkshire did I agree is a mistake, but remember Buffet built this empire. Berkshire didn’t always have the clout they do now. People on this thread can do muuuuuuuuuuuuch worse than listening to Buffet. He’s forgotten more about the market then anybody on this thread knows 10x over.

What Buffett does, I have no problem with. He is a profound investor. Probably my third, maybe fourth, favorite investor out there.

It's the coverage. What he does and what the average investor does is two different things. The average trader needs to do their own due diligence instead of just following blindly because Buffett did.

[carlo16]

Originally Posted by JMarchand1981

What Buffett does, I have no problem with. He is a profound investor. Probably my third, maybe fourth, favorite investor out there.

It's the coverage. What he does and what the average investor does is two different things. The average trader needs to do their own due diligence instead of just following blindly because Buffett did.

Agreed!!!

[Cavaliercards]

Originally Posted by JMarchand1981

What Buffett does, I have no problem with. He is a profound investor. Probably my third, maybe fourth, favorite investor out there.

It's the coverage. What he does and what the average investor does is two different things. The average trader needs to do their own due diligence instead of just following blindly because Buffett did.

Want to share the other 3 investors?

[JMarchand1981]

Originally Posted by Cavaliercards

Want to share the other 3 investors?

Sure!!


Will Danoff-manages Fidelity Contrafund (FCNTX)
Dave Tepper- Appaloosa Management
Gavin Baker- former manager of FOCPX, current manger of Atreides Management.

[JMarchand1981]

Futures look good.

[finfangfan]

Looks like I sold offf my PLTR a bit too early as it continues to climb.

[patchgenie]

imagine running a hedge fund and getting blown up by internet trolls.

[JMarchand1981]

Originally Posted by patchgenie

imagine running a hedge fund and getting blown up by internet trolls.

Did this happen?

[finfangfan]

Originally Posted by patchgenie

imagine running a hedge fund and getting blown up by internet trolls.

It is amazing seeing GME’s run. And what’s up with TR (Tootsie Roll)? Apparently, that one became a WSB meme stock last week too and is up 4% premarket. Ironically, I’ve had TR on my watch list for awhile... never pulled the trigger though.

AAPL should have a solid day.

[GeechQuest]

Originally Posted by JMarchand1981

Did this happen?

No, but they are getting slaughtered for their greed.

Do you think we will see laws passed in this country that cap how much you can short a stock after this?

[rcmb3220]

AUPH looking strong in premarket

[monkeymcgee]

Michael Burry about to get another movie.

[rcmb3220]

Originally Posted by monkeymcgee

Michael Burry about to get another movie.

Based on another fantastic new book from Michael Lewis

[JMarchand1981]

Originally Posted by GeechQuest

No, but they are getting slaughtered for their greed.

Do you think we will see laws passed in this country that cap how much you can short a stock after this?

I doubt it. It's a free market and shorting to the sky and beyond should be allowed.


WWE (they do like, uh, wrestling....think like hulk hogan is probably the most famous) is another stock shorted at over 100%. Unabashed greed fixes itself. Read my signature. It pretty much addresses that. Short squeezes have happened for decades.

[GeechQuest]

Originally Posted by JMarchand1981

I doubt it. It's a free market and shorting to the sky and beyond should be allowed.


WWE (they do like, uh, wrestling....think like hulk hogan is probably the most famous) is another stock shorted at over 100%. Unabashed greed fixes itself. Read my signature. It pretty much addresses that. Short squeezes have happened for decades.

I guess that is true that it fixes itself.

As I understand it, other markets around the world put a cap on how much you can short a stock (nothing over 100%). Seems reasonable to me.

Different situation I know, but the VW super squeeze happened with 13% of shares shorted, the float just dropped to 1% and left an overage. Without the float dropping to the 1% the risk is somewhat hedged.

In GME, where the short is over 100%, the only situation you can win is GME insolvency. Any other scenario and someone has to lose (again, to my dumb mind). Obviously different folks can close their shorts and all leave and mitigate loss that way, and with GME they’ve doubled/tripled/quintupled down in some instances and are paying heavily.

Just seems like the GME scenario occurring in this new retail friendly market is a different animal. I also have bias as I’m holding positions.

Has another stock ever had ALL the weeklies finish ITM? It just adds more layers to this ride.

[JMarchand1981]

Originally Posted by GeechQuest

I guess that is true that it fixes itself.

As I understand it, other markets around the world put a cap on how much you can short a stock (nothing over 100%). Seems reasonable to me.

Different situation I know, but the VW super squeeze happened with 13% of shares shorted, the float just dropped to 1% and left an overage. Without the float dropping to the 1% the risk is somewhat hedged.

In GME, where the short is over 100%, the only situation you can win is GME insolvency. Any other scenario and someone has to lose (again, to my dumb mind). Obviously different folks can close their shorts and all leave and mitigate loss that way, and with GME they’ve doubled/tripled/quintupled down in some instances and are paying heavily.

Just seems like the GME scenario occurring in this new retail friendly market is a different animal. I also have bias as I’m holding positions.

Has another stock ever had ALL the weeklies finish ITM? It just adds more layers to this ride.

I'm definitely not an options market historian by any stretch but funny things happen in every corner of the market at one point or another. Hell, crude futures were at less than zero in April for May delivery.

Gme up another 40%.i have no plans to own it but I think it's great for those that do. That said, I'm a market fundamentalist and if the longs lose their investment I also see it as being warranted since their greed is not selling right now.