Stock Market thread

Uprising

Woodpecker
As an investing noob, can somebody who can explain this stuff to people like me who find it all confusing what is going on with Reddit Wall Street Bets and Gamestop and what this means for the future of Stock Market Investing moving forward? I know the TLDR is that Reddit WallStreetBets sub pushed Gamestops stock up to insane amounts (up 400% in the past month) but I don't know the technical know how of how they did that. But also these 5 things:

1. How trading is to be done in the future
2. What this means for the future of trading
3. Whether the elites will allow the common man to get a piece of the pie by bypassing the Wall Street Bankers via apps like Robinhood
4. Will the mods on Reddit Wall Street Bets be prosecuted for something like "manipulation"? Did that sub do anything illegal though?
5. How do bots on Reddits site come into play and how will bots be used in the future moving forward on investing type of sites

Maybe somebody with financial know how could start a thread on this? Or is this whole episode not a big deal in the grand scheme of things when it comes to trading and The Stock Market?

I can't imagine the bankers are happy with the common man beating them at their own game.
 
Someone will make a movie about what's happening with GameStop right now.

1. How trading is to be done in the future

No fee transactions created a new class of traders in what is traditionally an extremely rigged system that is designed to keep the poors poor and to enrich the rich.

Memes are an equalizer between the poors and the rich in a market completely divorced from fundamental reality.

Whether the elites will allow the common man to get a piece of the pie by bypassing the Wall Street Bankers via apps like Robinhood

They're illegally conspiring with regularity and GME is another example. If they lose on GME I bet the SEC makes a new rule designed to crush the poors.
 
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Uprising

Woodpecker
Someone will make a movie about what's happening with GameStop right now.



No fee transactions created a new class of traders in what is traditionally an extremely rigged system that is designed to keep the poors poor and to enrich the rich.

Memes are an equalizer between the poors and the rich in a market completely divorced from fundamental reality.



They're illegally conspiring with regularity and GME is another example. If they lose on GME I bet the SEC makes a new rule designed to crush the poors.

So I went to the WallStreetBets sub and holy crap has this blown up. It's on that Cramer investing show, and his guests were basically saying that it's illegal what that subbreddit is doing. Cramer defended the sub and the people who made a whole bunch of money off from it. It's a good watch:

 
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Plymouth Rock Inc (PLRTF) is a drone stock I've been holding for about a week. Has doubled since I bought it and is trading for $0.69. This is a very risky stock.

Here's some light dd:

Focuses on security via MWV (millimeter wave technology). Their drones can scan crowds for concealed bombs or weapons essentially. They have a patent for the longest range drone MWV. They also hold a patent to use MWV in a shoe scanner. This could eliminate the need for taking off your shoes in airports.

Manufactured in the USA. Significant because the government doesn't want to use Chinese drones for security/defense.

CEO worked at Lockheed Martin. Well connected with US agencies.

Two large red flags:
1) Company is small
2) Their Revenue sucks - and they are in no way profitable.

Despite this, sentiment is up due to the capital riot and drone stocks are popular.

You missed the most important red flag of all: the CEO’s salary is increasing while the company loses money. That’s not someone who cares about shareholder value.
 

tothepoint

Woodpecker
Now they are talking about Reddit and market manipulation ? "Foreign actors" ? Lmao. I have a list of about 30 stocks that are being pumped by Reddit and various influencers on Twitter.

Why do they think Tesla and every Chinese EV stock is so inflated ? NIO, SOLO, LI, these are all the result of the same forces behind GME. It's not more illegal than government printing money and bailing out banks. How is that not market manipulation ? Foreign investors rushing to buy property in a few key cities around the world jacking up the prices to astronomical levels is not market manipulation ? All that shit is perfectly legal but if it doesn't benefit the elites then it must be stopped. I wouldn't be surprised if some bullshit law comes out of it and a purge of all Reddit stock related discussions.
 

joost

Kingfisher
As an investing noob, can somebody who can explain this stuff to people like me who find it all confusing what is going on with Reddit Wall Street Bets and Gamestop and what this means for the future of Stock Market Investing moving forward? I know the TLDR is that Reddit WallStreetBets sub pushed Gamestops stock up to insane amounts (up 400% in the past month) but I don't know the technical know how of how they did that. But also these 5 things:

1. How trading is to be done in the future
2. What this means for the future of trading
3. Whether the elites will allow the common man to get a piece of the pie by bypassing the Wall Street Bankers via apps like Robinhood
4. Will the mods on Reddit Wall Street Bets be prosecuted for something like "manipulation"? Did that sub do anything illegal though?
5. How do bots on Reddits site come into play and how will bots be used in the future moving forward on investing type of sites

Maybe somebody with financial know how could start a thread on this? Or is this whole episode not a big deal in the grand scheme of things when it comes to trading and The Stock Market?

I can't imagine the bankers are happy with the common man beating them at their own game.

1- What we can learn from it is that you should never short a stock since there's no limit on how it can go up. GameStop is the BlockBuster of games. Such businesses can't compete with digital distribution. It is obvious. So it seems like an easy bet to short the stock. But as you can see the stock market can screw you even when you're right.

2 - Money-printing removed fundamentals from investing. It's all a casino now.

3- It's been like that since 2008. Use the tax-payer money to bailout the stock market.

4- It's not illegal. People have been pumping stocks since forever. When you see an article on how Warren Buffet is buying something, that's a pump. Happen all the time. But when you see such article, it means it's time to sell.
 

Meraki

Sparrow
Plymouth Rock Inc (PLRTF) is a drone stock I've been holding for about a week. Has doubled since I bought it and is trading for $0.69. This is a very risky stock.

Here's some light dd:

Focuses on security via MWV (millimeter wave technology). Their drones can scan crowds for concealed bombs or weapons essentially. They have a patent for the longest range drone MWV. They also hold a patent to use MWV in a shoe scanner. This could eliminate the need for taking off your shoes in airports.

Manufactured in the USA. Significant because the government doesn't want to use Chinese drones for security/defense.

CEO worked at Lockheed Martin. Well connected with US agencies.

Two large red flags:
1) Company is small
2) Their Revenue sucks - and they are in no way profitable.

Despite this, sentiment is up due to the capital riot and drone stocks are popular.
I put a small amount on the PLRTF only because I think they will pump it to $1 soon. Then I’ll tap out.
I got in on OEG, after reading our chat from last week and seeing it break the same level we talked about... guess I should’ve just bought it then.

Still riding out the profit from ISUN & giving myself $1-2 to the downside risk on swinging OEG and a solar/wind stock for a month or so.

it seems with all of these stocks, they’re having big big moves over a couple weeks. Tryjng to let it run like I did with ISUN, but what I missed had I held JAGX BNGO LIVX NIO and a few others for another day-week


and yes, GME is crazy. Apparently there is some drama with citadel bank too tied into this. Good for the retail little guys who made green - but for every sale up there, that’s also creating big bagholders & probably wrecking a few families
 

tothepoint

Woodpecker
STNE and SQ pulled back nicely in the past week. At 73 and 209 respectively they start to look appealing, might want to wait a couple days to see if they find support. I've been in and out of SQ twice, both times sold in the 230s. I'm very tempted to buy again. Holding STNE since beginning of November, this one still has plenty of room to grow, much more than SQ imo.
 
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I wouldn't be surprised if some bullshit law comes out of it and a purge of all Reddit stock related discussions.
They're already planning a move to ruqqus. It seems inevitable.
1- What we can learn from it is that you should never short a stock since there's no limit on how it can go up. GameStop is the BlockBuster of games. Such businesses can't compete with digital distribution. It is obvious. So it seems like an easy bet to short the stock. But as you can see the stock market can screw you even when you're right.
Gamestop is not like blockbuster. The shorts were dead wrong, fundamentally. It's no longer a brick and mortar business regardless what the manipulators in the media say. Fair market value is over $100 per share and that's disregarding The revitalization that is undergoing, with a focus on digital, thanks to activist investor Ryan Cohen... the co-founder of Chewy who beat Amazon at their own game.

Source: www.gmedd.com

I'm up 450% since Friday.
 
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Is anybody here a regular at WSB? I am more interested in crypto than the stock market for the most part, but if these things continue I might have to cash out on some crypto and get in on the fun (and profits). This news combined with all the lockdown protests is giving me lots of hope.
 

joost

Kingfisher
They're already planning a move to ruqqus. It seems inevitable.

Gamestop is not like blockbuster. The shorts were dead wrong, fundamentally. It's no longer a brick and mortar business regardless what the manipulators in the media say. Fair market value is over $100 per share and that's disregarding The revitalization that is undergoing, with a focus on digital, thanks to activist investor Ryan Cohen... the co-founder of Chewy who beat Amazon at their own game.

Source: www.gmedd.com

I'm up 450% since Friday.

Congratulations on your 450%. With all due respect I call that luck.

Unless GameStop is going only digital, I see no way for them to compete against companies like Steam, GOG, Epic... With digital, you have scale. You can sell everywhere in the world and "create" a copy by pressing a button (copy/paste). When you have to keep a brick and mortar company, there are too many expenses (employees, inventory, real estate...). Just like bookstores competing against Amazon.
There are some products that's difficult to avoid having a physical store (people prefer to try clothes in person since every body is different).

Anyways, that's my opinion. I would never invest a single dollar in GameStop. It might go to $1000/share. What a crazy world.
 

Kangaroo

Woodpecker
Gold Member
Your missing the point, its not about the fundamentals of the business, its about the short squeeze. Since it had over 100% of the stock in a short position all they needed to do is pump the stock so that the big boys get liquidated or so that when the maturity date on their options hit they will have to close that short... to close the short they are forced to buy the stock. It's simple yet genius.
 

tothepoint

Woodpecker
STNE and SQ pulled back nicely in the past week. At 73 and 209 respectively they start to look appealing, might want to wait a couple days to see if they find support. I've been in and out of SQ twice, both times sold in the 230s. I'm very tempted to buy again. Holding STNE since beginning of November, this one still has plenty of room to grow, much more than SQ imo.

Anybody take SQ yesterday or the day before ?
Rumor has it that many Redditors are rushing to Cashapp after Robinhood. This will bounce back to 240 in no time. I'm in 10k euro @ 206.
 
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