Stock Market Thread

Roaring Kitty, the guy who pushed GME and AMC to become meme stocks (thanks to a short squeeze) likely did a rug pull.

Few years ago he was making long videos showing his portfolio and explaining why he was buying GameStop stocks. He was wrong about fundamentals but was able to convince people to buy it. Since the stock was heavily shorted by hedge funds, the price went up enough to force a margin call on them, sending the price to “the moon”.

Roaring Kitty made millions and they even made a movie about it.

Years later he posted some memes and the price of those meme stocks went up 150% in days, just to wipe those gains in the last two days. I’m sure Roaring Kitty bought the stock and dumped it, pocketing millions from his followers, just like influencers shilling shitcoins.


As for my DJT trade posted previously, I closed my position today (BUY TO CLOSE). I made $8000 since I had ten contracts.

I don’t mind selling puts (naked puts) for a stock I’m interested in buying. DJT was a gamble.
 
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Keith Gill (RoaringKitty) did it again. Posted his position in GME before market open. He posted his position (accumulated +$100m between stock and CALLS).

As expected, pre market was 100% up and he was probably dumping and the stock closed at +20%.

What I’m impressed of how morons praise the guy like he’s a messiah fighting evil corporations.

GameStop is the next Blockbuster.
 
Joost said:
Keith Gill (RoaringKitty) did it again. Posted his position in GME before market open. He posted his position (accumulated +$100m between stock and CALLS).

As expected, pre market was 100% up and he was probably dumping and the stock closed at +20%.

What I’m impressed of how morons praise the guy like he’s a messiah fighting evil corporations.

GameStop is the next Blockbuster.
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GME is up 50% today. The stock market is a casino so the actual fundamentals of business don’t matter. Hedge funds shorted the stock and are getting caught out by retail. Keith Gill has been on this since 2020 looking at his livestream history on YouTube.
 
Joost said:
Keith Gill (RoaringKitty) did it again. Posted his position in GME before market open. He posted his position (accumulated +$100m between stock and CALLS).

As expected, pre market was 100% up and he was probably dumping and the stock closed at +20%.

What I’m impressed of how morons praise the guy like he’s a messiah fighting evil corporations.

GameStop is the next Blockbuster.
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His initial position and arguments tell me he is, or was, a shrewd investor. He noticed something wrong, invested in it, and publicized it well. Full genius.

But after that? It's just such an insane bandwagon effect, and a substantial part of the "investors" are basement-dwelling losers.
 
cosine said:
But after that? It's just such an insane bandwagon effect, and a substantial part of the "investors" are basement-dwelling losers.
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Yeah r/superstonk (not a misspelling) is pretty wild with insane expectations. That’s where the apes went after r/wallstreetbets banned discussion of GME a couple years ago.

In the back of my head I’m wondering if the powers that be will allow this short squeeze to happen. If some of the predictions are true we could see banks and hedge funds go under. Morgan Stanley has a lot of exposure since they sold Keith Gill 120k contracts but only have the shares to cover the first tranche of 5k. Kill off the dead wood of the banking system while making it look like retail investors were responsible. Not naked short selling and usury gone wrong.
 
Helmsman said:
Yeah r/superstonk (not a misspelling) is pretty wild with insane expectations. That’s where the apes went after r/wallstreetbets banned discussion of GME a couple years ago.

In the back of my head I’m wondering if the powers that be will allow this short squeeze to happen. If some of the predictions are true we could see banks and hedge funds go under. Morgan Stanley has a lot of exposure since they sold Keith Gill 120k contracts but only have the shares to cover the first tranche of 5k. Kill off the dead wood of the banking system while making it look like retail investors were responsible. Not naked short selling and usury gone wrong.
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Keith Gill can just sell a significant portion of his position into the "apes" that are so enamored with him. He's the main character, but the story is about how dumb people are to follow him to that degree once the good position has been made public.
 
JR5 said:
This post looks at the example of Japan where globohomo pumped up it's stock market, popped the bubble, then channeled the population's anxiety and despair dialectically into a solution where they gained much more power:

https://neofeudalreview.substack.com/p/a-stock-market-bubble-as-a-trap
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It's more likely what he said here, to be honest:

Alternatively, perhaps globohomo just prints the stock market to infinity and price non-major stockholders out of life.
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It's depopulation over time, after all, remember?
 
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Japan markets appear to be tanking. Looks like a run to cash in all assets, as crypto and (of course) precious metals have also been hammered the last week.

Who can figure these markets? Persian Gulf has a pending Iran/Israel war, Red Sea is largely impassable to anyone with a friend in Israel - and the price of oil on pre-markets is down to $73 per barrel. I remember when ME uncertainty meant rising oil prices and when markets tanking meant rising or steady PMs (logically also crypto). Granted, that was a long time ago.
 
Market crash of 2008 wiped years of gains. SP500 reached same level as 2003. Then it took until 2013 to recover. Ten years! And that’s not taking inflation into account!

Some guy here will say it’s not a loss since it’s unrealized. You can hold “forever”. Imagine not taking profit to enjoy your money.

We’ll see how it goes from here. I’m keeping my money in Robinhood (yield 5.25%). I sold a REIT (Realty Income) two weeks ago (20% profit, still 2% above my selling price). Under $50 was my repurchase-price (when the dividend pays 6%). Hopefully crashes and go below that.

I have PSEC that pays monthly dividends (+13% per year). It’s less than 5% of my portfolio so I can live if the stock tanks. I tried to get rid of it but I sold covered calls and there’s no liquidity. I’m making 1.5% a month with that stock. That’s my “gamble” stock.


If the news start saying that the world is going to end and the stock market crashes for weeks, I might look at buying VOO (it’s like SPY but less fees) and SPY puts (25%-30% OTM) as hedge. It’s late to buy puts now.

Maybe it’s a small correction or profit taking. Now that the rate-cut is expected, they’re going to penalize savers and I’ll have to put money back in stocks so to not lose money to inflation.

Bitcoin is being hammered too. -15% in days, lol.



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Stock is down 7% right now (Robinhood 24h market). Still overpriced in my opinion. I’m glad I left that position. Usually I compare that stock to treasuries. If treasuries were at 2% and the stock gives me 5%, I buy the stock. If I can get the same with savings, why keep the stock and take risk? The chances of going down are higher than going up.
 
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Sandalwood Peak said:
They’re going force a bear market so Trump can win. How retarded am I? It should rally again in the fall.
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I'm confused. Which side are you going with here?

Are "they" rolling with volatility as a scare against Harris/Walz? Or are they pumping for them?

Does it really matter? I don't think it does. Either way the system has to print and lower rates. The question is "Can they cheat enough in the swing states?"
 
Blade Runner said:
Are "they" rolling with volatility as a scare against Harris/Walz?
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Correct, there’s no way Harris is campaigning on ATH markets. Things are getting serious, the Jews don’t need some virtue signalling democrat. They’ll cut rates but there’s going to be enough uncertainty that the market will tank. I’m not sure if it will rally immediately with Trump getting installed but most securities are definitely going to be searching for a bottom until then. In my opinion.
 
Sandalwood Peak said:
Correct, there’s no way Harris is campaigning on ATH markets. Things are getting serious, the Jews don’t need some virtue signalling democrat. They’ll cut rates but there’s going to be enough uncertainty that the market will tank. I’m not sure if it will rally immediately with Trump getting installed but most securities are definitely going to be searching for a bottom until then. In my opinion.
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The part that you are correct about that most don't look at because the indices/ETFs get rebalanced (unbalanced) and weighted, is that most stocks have been going down for quite a long time. It's just that the markets are carried by and exceptionally small few.

I've said this for some time, you have a couple of options. Do major homework and figure out the small number of stocks that will keep doing well, or buy real stuff/commodities and hold for the long term. As most know, I recommend most HODLING BTC, but that's in all the other threads.
 
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