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 Bought 20 more share GME last night

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SUSLiamness
post Feb 19 2021, 11:54 AM

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QUOTE(empyreal @ Feb 19 2021, 11:46 AM)
Dude, in two days you literally lost 70% of a downtrending meme stock even when others are telling you to not catch a falling knife.

I dont think you are the best judge in terms of evaluating risk.
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and you aren't even in the game, so why are you even posting here? lol.

You don't even realise that the house of cards very nearly collapsed if GME touched $1000, like it was projected to in a few days.

https://www.cnbc.com/2021/02/17/interactive...top-frenzy.html



This post has been edited by Liamness: Feb 19 2021, 11:57 AM
SUSDJJD
post Feb 19 2021, 11:56 AM

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QUOTE(icehart85 @ Feb 19 2021, 11:46 AM)
$5 is short sellers manipulated price. Fair value is $20-$30. If you really think it will go down to $5 again after short sellers get rekt think again

Btw, I dont think GME will go lower, we'll see in a few months time whether this HF short sellers have been bluffing all this while. We'll see in a month or two. If there's huge spike, short sellers are still in the game
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Few months time? At the current trend gme will be under $20 by end of next week and under $10 by mid March
SUSlurkingaround
post Feb 19 2021, 11:59 AM

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QUOTE(Liamness @ Feb 19 2021, 11:12 AM)
So you are conveniently missing the fact that it took Apple some very risky moves and plays to get into a stable enough position?

Do you honestly think Apple wasn't a risky investment 7 years ago?

lol.. OK.. hindsight is always 20/20.
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There are mainly 2 types of pump-and-dump scheme conspired by BIG Shark stock manipulators, ie the very quick one like the Gamestop/GME share price being pumped from about US$20 to US$400 over 5 days; ... and the very slow one like the DJI and AAPL share price being pumped up gradually over about 10-20 years or so.

Note that the Dow Jones NY Stock Market had Crashed(down by >50%) in 1974, 1982 and 2008. .......
https://www.macrotrends.net/1319/dow-jones-...istorical-chart

The Business news media are likely part of this pump-and-dump scheme.

In the Free Market, it is easy for BIG Sharks to manipulate stock/share prices according to their news-media-scripted scenario, eg the short-squeeze of GME/Gamestop shares. They become like gods of the Stock Market, eg able to set the date for a pump or a Market Crash.

Eg we can have institutional investors like Hedge-fund/Mutual-fund A, B and C who were holding a horde of millions of Gamestop/GME shares, bought at US$5 in Aug 2020 or earlier. At end Jan 2021, A starts selling a few GME shares to B at US$30 per share. Then B sells the same GME shares to C at US$40. Later C sells back the same to A at US$50 = like a Merry-Go-Round. Rinse and Repeat, either to pump up or down the share prices. Since A,B and C are of the same gang, there was no real loss or profit between them.
....... After pumping up the share price, they dumped/offloaded the bulk of their horde of millions of GME shares to gullible Retail investors at >US$100 per share = profits of >2,000%.
.

Lim Wee Huat
post Feb 19 2021, 12:08 PM

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empyreal
post Feb 19 2021, 12:12 PM

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QUOTE(Liamness @ Feb 19 2021, 11:54 AM)
and you aren't even in the game, so why are you even posting here? lol.

You don't even realise that the house of cards very nearly collapsed if GME touched $1000, like it was projected to in a few days.

https://www.cnbc.com/2021/02/17/interactive...top-frenzy.html
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cool article. so what's the price now?
SUSlurkingaround
post Feb 19 2021, 12:17 PM

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QUOTE(Liamness @ Feb 19 2021, 11:54 AM)
and you aren't even in the game, so why are you even posting here? lol.

You don't even realise that the house of cards very nearly collapsed if GME touched $1000, like it was projected to in a few days.

https://www.cnbc.com/2021/02/17/interactive...top-frenzy.html
*
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QUOTE(Liamness @ Feb 5 2021 @ 12:07 PM)
yeah, i automatically put some stop losses at 30% on all of my plays.

learn long time ago to cut loss. I could DCA right now, but prefer to really wait this time instead of rushing in without thought. Although it is tempting to do it just with the knowledge that shorts couldn't have possibly covered all their position with the amount of stock volume being traded these couple of days.. For them to cover, they need everyone to sell off their stock and that includes institutional investors, GME and many more.

Even at $20, it is a loss to Melvin, who are holding on $4 short positions. Melvin said they cut their losses at $150 and loss half of their entire capital. Let's see on 9th of Feb whether this is the true story..
https://forum.lowyat.net/topic/5094654/+1420 - Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.
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Your deductions and GME-positions have already been proven wrong for the past 2 weeks. This will likely continue to be true, ie GME/Gamestop share price dropping back to earth to <US$20 to pre-Jan 2021 prices.
.

This post has been edited by lurkingaround: Feb 19 2021, 12:19 PM
SUSLiamness
post Feb 19 2021, 12:22 PM

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QUOTE(lurkingaround @ Feb 19 2021, 11:59 AM)
.
There are mainly 2 types of pump-and-dump scheme conspired by BIG Shark stock manipulators, ie the very quick one like  the Gamestop/GME share price being pumped from about US$20 to US$400 over 5 days; ... and the very slow  one like the DJI and AAPL share price being pumped up gradually over about  10-20 years or so.

Note that the Dow Jones NY Stock Market had Crashed(down by >50%) in 1974, 1982 and 2008. .......
https://www.macrotrends.net/1319/dow-jones-...istorical-chart

The Business news media are likely part of this pump-and-dump scheme.

In the Free Market, it is easy for BIG Sharks to manipulate stock/share prices according to their news-media-scripted scenario, eg the short-squeeze of GME/Gamestop shares. They become like gods of the Stock Market, eg able to set the date for a pump or a Market Crash.

Eg we can have institutional investors like Hedge-fund/Mutual-fund A, B and C who were holding a horde of millions of Gamestop/GME shares, bought at US$5 in Aug 2020 or earlier. At end Jan 2021, A starts selling a few GME shares to B at US$30 per share. Then B sells the same GME shares to C at US$40. Later C sells back the same to A at US$50 = like a Merry-Go-Round. Rinse and Repeat, either to pump up or down the share prices.  Since A,B and C are of the same gang, there was no real loss or profit between them.
....... After pumping up the share price, they dumped/offloaded the bulk of their horde of millions of GME shares to gullible Retail investors at >US$100 per share = profits of >2,000%.
.
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HF didn't buy any GME shares, yet. Do you even understand what you are talking about??

LMAO.. so many wrongs in what you say here.. please go back and learn again what a short position is.

Also, through-out all of this, we do not know yet whether or not institutional investors, like Ryan Cohen dumped their shares. It is unlikely because he believes in the stonk.

SUSLiamness
post Feb 19 2021, 12:25 PM

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QUOTE(empyreal @ Feb 19 2021, 12:12 PM)
cool article. so what's the price now?
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40bucks or so. I don't care about the price now, i'm more keen on the price of it in 2, 3 years time.

Long term holder. For better or worst. Doesn't affect me.. My investment into this is so small compared to my overall portfolio.



This post has been edited by Liamness: Feb 19 2021, 03:51 PM
SUSlurkingaround
post Feb 19 2021, 12:47 PM

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QUOTE(Liamness @ Feb 19 2021, 12:22 PM)
HF didn't buy any GME shares, yet. Do you even understand what you are talking about??

LMAO.. so many wrongs in what you say here.. please go back and learn again what a short position is.

Also, through-out all of this, we do not know yet whether or not institutional investors, like Ryan Cohen dumped their shares. It is unlikely because he believes in the stonk.
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Believing in what billionaires Ryan Cohen and Mark Cuban say(eg bikin tak serupa cakap, and lying) is like believing in what people say on Reddit, Facebook and Twitter = gullible.

https://dictionary.cambridge.org/dictionary/english/gullible
gullible
adjective
uk
/ˈɡŒl.É™.bÉ™l/ us
/ˈɡŒl.É™.bÉ™l/

easily deceived or tricked, and too willing to believe everything that other people say:

.

empyreal
post Feb 19 2021, 12:50 PM

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QUOTE(Liamness @ Feb 19 2021, 12:25 PM)
40bucks or so. I don't care about the price now, i'm more keen on the price of it in 2, 3 years time.

Long term holder. For better or worst. Doesn't affect me.. My investment into this is so small compared to my overall portfolio.

user posted image  rclxs0.gif
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for a 'long-term investor', funny that most of your purchases seem to be relatively recent. novonix, ioupay, etc.
SUSLiamness
post Feb 19 2021, 01:01 PM

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QUOTE(empyreal @ Feb 19 2021, 12:50 PM)
for a 'long-term investor', funny that most of your purchases seem to be relatively recent. novonix, ioupay, etc.
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? Your point?


I bought GME a few weeks ago too.


icehart85
post Feb 19 2021, 01:07 PM

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QUOTE(DJJD @ Feb 19 2021, 11:56 AM)
Few months time? At the current trend gme will be under $20 by end of next week and under $10 by mid March
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Hehe we'll see shall we brows.gif
icehart85
post Feb 19 2021, 01:11 PM

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QUOTE(Liamness @ Feb 19 2021, 12:22 PM)
HF didn't buy any GME shares, yet. Do you even understand what you are talking about??

LMAO.. so many wrongs in what you say here.. please go back and learn again what a short position is.

Also, through-out all of this, we do not know yet whether or not institutional investors, like Ryan Cohen dumped their shares. It is unlikely because he believes in the stonk.
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Based on his postings already know he's a mainstream media shill.

Anything about WSB, redditors and DFV he will post the fuck out. But nothing about HFs manipulation, etc. Clearly we know how biased he is.

We'll see who has the last laugh in two month's time


empyreal
post Feb 19 2021, 01:15 PM

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QUOTE(Liamness @ Feb 19 2021, 01:01 PM)
? Your point?
I bought GME a few weeks ago too.
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seems to be that a big chunk of the profit came from a few stocks you just bought. so either you just set up the account a few months ago, or your actual long-term holdings dont do too well.
xcxa23
post Feb 19 2021, 01:17 PM

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QUOTE(Liamness @ Feb 19 2021, 10:48 AM)
All Tech stocks are pretty risky for institutional investors.
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QUOTE(Liamness @ Feb 19 2021, 10:41 AM)
this is part and parcel about betting on high risk, high return stocks.

You may be down 60-70%. Can you afford to be in that position?

Meanwhile, other stocks can go up 150%-1000%, like Tesla and AAPL.

When you spread out your investments, your stock portfolio should be both red and green. But overall picture is that you are up.

Once you have made the investment, just hold. It is only paper loss. Don't think so much about the loss. Go and play other stocks and move on with your life.

Ultimately, you must be comfortable taking up losing positions for a long term.
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You sure or not APPL high risk stock
And
Is it risky for institution firm invest in tech stock?

So the biggest investment firm largest Holding is what?

This post has been edited by xcxa23: Feb 19 2021, 01:18 PM
SUSlurkingaround
post Feb 19 2021, 01:25 PM

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QUOTE(Liamness @ Feb 19 2021, 12:25 PM)
40bucks or so. I don't care about the price now, i'm more keen on the price of it in 2, 3 years time.

Long term holder. For better or worst. Doesn't affect me.. My investment into this is so small compared to my overall portfolio.

user posted image  rclxs0.gif
*
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That is not the point. Eg I avoid investing in Shares like the plague, like avoid investing in Nigerian Prince scams, MLM, shopee scams, Macau scam calls, non-mandatory insurance, Lotto, etc, ie the GME fiasco also doesn't affect me.

The point is whether what you and us said and advocated is right or wrong/true or false.
....... I said the GME short-squeeze was likely a money scam(= pump-and-dump) conspired by the HF/MF, who had held about 100 million GME shares before this fiasco, bought at about US$5 per share in Aug 2020 or earlier, and #DeepFuckingValue aka Keith Gill is likely IN on this scam.
.

This post has been edited by lurkingaround: Feb 19 2021, 01:31 PM
Stusssy
post Feb 19 2021, 01:29 PM

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so whats the story now ? game stop or the game is still going on ?
SUSlurkingaround
post Feb 19 2021, 01:33 PM

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QUOTE(Stusssy @ Feb 19 2021, 01:29 PM)
so whats the story now ? game stop or the game is still going on ?
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Most likely, Game Over.
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SUSLiamness
post Feb 19 2021, 01:41 PM

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QUOTE(empyreal @ Feb 19 2021, 01:15 PM)
seems to be that a big chunk of the profit came from a few stocks you just bought. so either you just set up the account a few months ago, or your actual long-term holdings dont do too well.
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high risk, high returns.

I don't only play stocks. I've got rented out properties, life investment plans and even a small business.

Heck, I sometimes go to the genting just to try my luck.

end of the day, my goal is to be 5 million RM by the time i'm 50. So who cares whether I make or lose money due to meme stocks like gme? My overall picture is still on track to accomplish my goals.
SUSLiamness
post Feb 19 2021, 01:46 PM

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QUOTE(xcxa23 @ Feb 19 2021, 01:17 PM)
You sure or not APPL high risk stock
And
Is it risky for institution firm invest in tech stock?

So the biggest investment firm largest Holding is what?
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lol, another butthurt comment.

they only invested merely a few months ago.. Tech stocks are always risky and not recommended to touch if your profile is conservative and risk appetite is low..



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