Stocks to Watch Thread

[DJTJ]

Is it because of the 5G play?

not a broker

IMO yeah. I’m worried what all of this will do long term but they’re out front in 5g

 

[kookoo]

not a broker

IMO yeah. I’m worried what all of this will do long term but they’re out front in 5g

Oh, I'm not worried about people being brokers and things. I think at this point, a lot of the members here as well as friends have done loads of research. And I'm not putting enough money in to screw myself over financially.

That being said, if I'm going to lose money, it's on something with long term promise not something similar to what's going on with GME. If I lose money on failed tech or things I believe in, I can live with that. And it'll likely be slow enough (unless there's something catastrophic or scam related) where people will be able to pull out fast enough to not lose all the value.

Hopefully everyone who put money in to stick it to the man makes a boat load though. Dipshits who are there to stay wealthy by holding other people back are the clowns I want to see fail.

 

[Out of the Rafters at the Q]

I was more asking a question/sarcasm as related to RH opening up trades tomorrow-
I don’t know at all- I guess I just wonder why they WOULDN’T have covered at bit today

They couldn't cover their positions because their positions are literally greater than the total number of stock available in the market.

Also, most people who bought it are holding.

Most estimates say that they were able to cover about 20% of their positions. The guess is that this is what drove the price from the 200's up to about 450 shortly after the markets opened. But it's really anyone's guess.

 

[PITCavsFan]

I can only assume that was POTATO_IN_MY_ASS

This literally made me laugh out loud.

Besides a bad case of jealousy that I wasn't in on any of this, I'm fascinated by the story of how it all came to be. Specifically, who was it that got it started (POTATO_IN_MY_ASS?) and how did they get the idea? How did it catch on reddit and go viral? How much money and how many people are involved? What's going on at the hedge funds behind the scenes? What ends up happening from here...which is a scary thought considering the people who are losing so much right now. The movie or documentary is going to be incredible.

I'm really hoping for this being the master plan of some trader or employee that was fired by the hedge fund. What a fucking awesome revenge plot to bankrupt your former company, (potentially) send them all to jail, all while making millions of dollars doing it. Please let this be true.

If not, I'll write that script.

 

[Rich]

This literally made me laugh out loud.

Besides a bad case of jealousy that I wasn't in on any of this, I'm fascinated by the story of how it all came to be. Specifically, who was it that got it started (POTATO_IN_MY_ASS?) and how did they get the idea? How did it catch on reddit and go viral? How much money and how many people are involved? What's going on at the hedge funds behind the scenes? What ends up happening from here...which is a scary thought considering the people who are losing so much right now. The movie or documentary is going to be incredible.

I'm really hoping for this being the master plan of some trader or employee that was fired by the hedge fund. What a fucking awesome revenge plot to bankrupt your former company, (potentially) send them all to jail, all while making millions of dollars doing it. Please let this be true.

If not, I'll write that script.

There's a thread posted a few pages back.

But TLR. A reddit sub called wallstreetbets really likes Gamestop. Not because the stock is gold, but because they like the ocmpany.

A couple of people who are smart investors that frequent the sub noticed how much was out there shorting Gamestop stock. hedgefund WAY overexposed. So, one guy in particular (I think his username was something like FUckingDeepValue, no joke), made a big bet and posted his bet to that reddit. Something like 50k, and then a few hundred more after. He bought the stock, hoping others would follow, causing it go up, causing those who had invested heavily in shorting the stock to be forced out of their positions, which in turn would cause the stock to climb higher and higher.

And after that redditor posted his big buy, then other big name players came in. Michael Burry (the big short dude) and some other guys you've seen on TV lately made big buys.

Anyway, they simply did what major investors and funds do all the time. They ignored the fundamentals of the stock and made a play because they saw people overexposed and knew that they had a chance to squeeze them. And they did and they won.

 

[PITCavsFan]

There's a thread posted a few pages back.

But TLR. A reddit sub called wallstreetbets really likes Gamestop. Not because the stock is gold, but because they like the ocmpany.

A couple of people who are smart investors that frequent the sub noticed how much was out there shorting Gamestop stock. hedgefund WAY overexposed. So, one guy in particular (I think his username was something like FUckingDeepValue, no joke), made a big bet and posted his bet to that reddit. Something like 50k, and then a few hundred more after. He bought the stock, hoping others would follow, causing it go up, causing those who had invested heavily in shorting the stock to be forced out of their positions, which in turn would cause the stock to climb higher and higher.

And after that redditor posted his big buy, then other big name players came in. Michael Burry (the big short dude) and some other guys you've seen on TV lately made big buys.

Anyway, they simply did what major investors and funds do all the time. They ignored the fundamentals of the stock and made a play because they saw people overexposed and knew that they had a chance to squeeze them. And they did and they won.

So just a buncha regular dudes taking advantage of a hedge fund with their pants down....that's great, but a lot less entertaining than I was hoping.

 

[DJTJ]

So just a buncha regular dudes taking advantage of a hedge fund with their pants down....that's great, but a lot less entertaining than I was hoping.

The long story on Deep Fucking Value is the best. He had this position since 2019. Got dunked on. Would post every month. Got dunked on.

He’s up around 45 mil. Because he bet on over shorts he saw, and eventually sold enough people to get on.

 

[shoes22]

So just a buncha regular dudes taking advantage of a hedge fund with their pants down....that's great, but a lot less entertaining than I was hoping.

Out of curiosity, what did you think it was?

 

[PITCavsFan]

Out of curiosity, what did you think it was?

Haha. Well, to recap:

I'm really hoping for this being the master plan of some trader or employee that was fired by the hedge fund. What a fucking awesome revenge plot to bankrupt your former company, (potentially) send them all to jail, all while making millions of dollars doing it. Please let this be true.

Edit:
And I want a lot more info on who this "Deep Fucking Value" guy is. And whoever is "POTATO_IN_MY_ASS". There's a really damn good story here somewhere......I hope.

The long story on Deep Fucking Value is the best. He had this position since 2019. Got dunked on. Would post every month. Got dunked on.

He’s up around 45 mil. Because he bet on over shorts he saw, and eventually sold enough people to get on.

 

[Rich]

Haha. Well, to recap:





Edit:
And I want a lot more info on who this "Deep Fucking Value" guy is. And whoever is "POTATO_IN_MY_ASS". There's a really damn good story here somewhere......I hope.

Well I think Potato in My Ass was just a joke, making up a ridiculous name that sounds like a reddit handle.

DeepFuckingValue though, is real.

 

[Out of the Rafters at the Q]

Well I think Potato in My Ass was just a joke, making up a ridiculous name that sounds like a reddit handle.

DeepFuckingValue though, is real.

Yep, and @PITCavsFan just read through this thread. I linked to the man's Youtube where he explains everything.

 

[PITCavsFan]

In all seriousness, I'm completely fascinated reading about all of this.

That said, my hopes of some dramatic backstory are dying at the vine. Thanks a lot guys

 

[Out of the Rafters at the Q]

Interview from the Robinhood CEO.


I feel like Cuomo does a decent job taking Vlad to task here, and obviously isn't buying the bullshit, but has to hold back that little bit from outwardly calling him on it.

 

[bob2the2nd]

Well I think Potato in My Ass was just a joke, making up a ridiculous name that sounds like a reddit handle.

DeepFuckingValue though, is real.

So this sounds dumb.

I believe there is an actual poster with the name potato_in_my_anus.

 

[ohiorulez]

Interview from the Robinhood CEO.


I feel like Cuomo does a decent job taking Vlad to task here, and obviously isn't buying the bullshit, but has to hold back that little bit from outwardly calling him on it.

He mentions that the capital requirements can change / and they are in constant communication etc - who changes these requirements? Considering the amount of brokers this impacted I’m wondering if it wasn’t a regulator that really caused this? It sounds like something upstream?

Or- I know I saw some people claim Apex Clearinghouse was the one behind it -> but why? What are they worried about exactly? (Or the regulator pressured Apex?)