|
Does anyone have any experience with Share lending? My broker just asked to borrow some PATH and I don’t see why not, besides the fact that if they have to borrow from me than it may not be a great sign for future price appreciation. I could see getting hooked on the interest check while the share price plummets.
|
#
?
Jun 11, 2021 21:06
|
|
|
|
| # ? May 1, 2024 18:49 |
|
|
Saw tons of volume moving into SENS, placed a small bet, then they pushed it on CNBC and now it's flying.
|
|
#
?
Jun 11, 2021 21:13
|
|
|
tangy yet delightful posted:To put in on the official goon record, I bought WISH @ 14.65 a share (just 7 shares) at what has turned out to currently be the peak. Bought enough to feel like I'm IN a reddit meme stock so I can focus on other bad investments now. Planning to sit on the stock for at least 3 months to see if a new meme resurgence happens with it as I held AMC months back and I think made like 3 bucks I dunno...but definitely missed out on the big pop there so now I'm FOMOing into a bag holder for WISH I guess. Same, but 50 shares @14.23 and another 50@11 as I tried to reduce my cost basis. Gonna just hold this bag as it slowly dwindles down to zero.
|
|
#
?
Jun 11, 2021 21:15
|
|
|
Red posted:Why do I ever look at stocktwits? I used stocktwits for a while until I started searching like 30 different companies and found all of their rooms were MAX BULLISH POP ROCKET MOON ANY MINUTE NOW
|
|
#
?
Jun 11, 2021 21:22
|
|
|
LibCrusher posted:I used stocktwits for a while until I started searching like 30 different companies and found all of their rooms were MAX BULLISH POP ROCKET MOON ANY MINUTE NOW So you are saying find the companies with bear posts primarily and short them? Or do none actually exist and it's all people trying to pump making the whole this worthless beyond a list of see what is the hottest and what people will meme into like WSB?
|
|
#
?
Jun 11, 2021 21:27
|
|
|
spencer for hire posted:Does anyone have any experience with Share lending? My broker just asked to borrow some PATH and I don’t see why not, besides the fact that if they have to borrow from me than it may not be a great sign for future price appreciation. I could see getting hooked on the interest check while the share price plummets. It's free money, really. It'll be only cents probably but it's free.
|
|
#
?
Jun 11, 2021 21:27
|
|
|
pixaal posted:So you are saying find the companies with bear posts primarily and short them? Or do none actually exist and it's all people trying to pump making the whole this worthless beyond a list of see what is the hottest and what people will meme into like WSB? Someone much smarter and savvier than me could probably make a system out of it, but it’s just worthless for me.
|
|
#
?
Jun 11, 2021 21:31
|
|
|
Pillowpants posted:I started the week at $1500 gambling money and I ended the week at $1400.... I keep buying in too late to these loving penny stock biotech companies Don't chase the hot dot (lord knows I've been guilty of this).
|
|
#
?
Jun 11, 2021 21:35
|
|
|
cirus posted:Saw tons of volume moving into SENS, placed a small bet, then they pushed it on CNBC and now it's flying. LMAO I sold @ 1.8 to buy AHT LOL LMAO
|
|
#
?
Jun 11, 2021 21:35
|
|
|
Ended the week making almost all my money back that I lost this week. Cool
|
|
#
?
Jun 11, 2021 21:39
|
|
|
LibCrusher posted:I used stocktwits for a while until I started searching like 30 different companies and found all of their rooms were MAX BULLISH POP ROCKET MOON ANY MINUTE NOW It's a forum of Michael Corleones
|
|
#
?
Jun 11, 2021 22:24
|
|
|
GoGoGadgetChris posted:Plenty of time to hop on the CRTX Train! Choo choo! You mean Citius? CTXR? Loving that stock.
|
|
#
?
Jun 11, 2021 22:28
|
|
|
Stocktwits and Stonks are the dumbest places. Do not venture there.
|
|
#
?
Jun 11, 2021 22:29
|
|
|
Stocktwits, a visual representation:  
|
|
#
?
Jun 11, 2021 22:35
|
|
|
A HORNY SWEARENGEN posted:Stocktwits and Stonks are the dumbest places. Do not venture there. For stock tips promoted by people who already own the stock, I've had a better time with Fool.com
|
|
#
?
Jun 11, 2021 22:37
|
|
|
FORUMS USER 1135 posted:I set aside $10k in my Roth at the beginning of the year to do options and wound up doing theta-style wheels (CSP, CC if assigned). I set a goal of getting about $208 / month in premium ($2500 over the year). In January and early February I was doing a mix of meme stocks (APHA, TLRY, AMC) and non-memes (F, PLTR, NCLH, AAL). So far I've made about $2000 in realized profit from exited positions. It probably would have been more profitable to just invest in the companies themselves, but watching the numbers and doing research scratches the same "make number go up" itch as diablo or WoW. It's pretty hard to make any extra from cash secured puts and covered calls. Gotta get naked so you can keep your index funds *and* sell puts. Unfortunately we can't do that in a Roth because the vast majority of people can't be trusted to not blow up their accounts by buying very oom 3dt calls on shitstocks like amc.
|
|
#
?
Jun 12, 2021 00:47
|
|
|
FORUMS USER 1135 posted:I set aside $10k in my Roth at the beginning of the year to do options and wound up doing theta-style wheels (CSP, CC if assigned). I set a goal of getting about $208 / month in premium ($2500 over the year). In January and early February I was doing a mix of meme stocks (APHA, TLRY, AMC) and non-memes (F, PLTR, NCLH, AAL). So far I've made about $2000 in realized profit from exited positions. It probably would have been more profitable to just invest in the companies themselves, but watching the numbers and doing research scratches the same "make number go up" itch as diablo or WoW. Why do your blue line go out to month 12 if those dates have not been reached yet, assuming month 1 was January? You seem to be doing fine so far if you're up 20% on the year. That's beating the S&P, although not by much. Baddog posted:It's pretty hard to make any extra from cash secured puts and covered calls. Gotta get naked so you can keep your index funds *and* sell puts. As you well know sir, people are free to _buy_ very oom 3dte calls on shitstocks in their Roth. They're just not allowed to _sell_ naked calls on shitstocks like AMC in their Roth. heh.
|
|
#
?
Jun 12, 2021 01:05
|
|
|
I could've been a dumb bitch in my Roth instead of my Robinhood funny money?! Where was this great advice a $667,000 tax bill ago
|
|
#
?
Jun 12, 2021 01:46
|
|
|
Thanks whoever mentioned DPLS. I’m buying a soda in your honor
|
|
#
?
Jun 12, 2021 01:47
|
|
|
GoGoGadgetChris posted:I could've been a dumb bitch in my Roth instead of my Robinhood funny money?! Go hang out in your Scrooge gold vault about it 
|
|
#
?
Jun 12, 2021 01:47
|
|
|
a fatguy baldspot posted:Thanks whoever mentioned DPLS. I’m buying a soda in your honor 1500 shares netted me EXACTLY the price of a Popeye's chicken sandwich. It was divine intervention.
|
|
#
?
Jun 12, 2021 01:49
|
|
|
A HORNY SWEARENGEN posted:1500 shares netted me EXACTLY the price of a Popeye's chicken sandwich. Try the Burger King one. It’s pretty good
|
|
#
?
Jun 12, 2021 01:53
|
|
|
a fatguy baldspot posted:Try the Burger King one. It’s pretty good I've had Wendy's, BK, KFC, and McD's. They're all good, I was actually surprised how good McD's was, put Popeye's is in a class of its own.
|
|
#
?
Jun 12, 2021 01:58
|
|
|
pmchem posted:As you well know sir, people are free to _buy_ very oom 3dte calls on shitstocks in their Roth. They're just not allowed to _sell_ naked calls on shitstocks like AMC in their Roth. heh. Haha drat, I was just trying to make a joke, but actually the thought of buying calls in my roth never entered my mind as a possibility because its kinda dumb. We can, can't we. Wtf. But I can't sell reasonably secured (as in spread secured, not cash secured) puts. That's hilarious that the government will let me buy insane amounts of June GME 700c's on monday, just yolo decades of savings on like a .00005% chance with massive time decay rapidly eating it away every second. But they won't let me generate some p safe extra cash by selling some put spreads on margin. poo poo, before all my mom's savings get eaten up by the old folks home + biogen alzheimers drugs, maybe I should do that with hers. Instead of giving all her and my dad's savings to the medical industrial complex over the next decade or so, go big or hit medicaid faster. Does the long term thread have some advice on this? Baddog fucked around with this message at 02:26 on Jun 12, 2021 |
|
#
?
Jun 12, 2021 02:13
|
|
|
Mickey D's spicy chicken sandwich definitely punches above its weight class but they don't have the sauce to bun ratio quite right. It almost feels like it should just be a bigass chicken tender with fantastic dipping sauce. It succeeds despite the sandwich format, not because of it Popeye's is the best because they're the only fast food that still uses trans fats
|
|
#
?
Jun 12, 2021 02:16
|
|
|
Baddog posted:Haha drat, I was just trying to make a joke, but actually the thought of buying calls in my roth never entered my mind as a possibility because its kinda dumb. You can't get margin, that's the limitation and everything that needs margin like spreads don't work.
|
|
#
?
Jun 12, 2021 02:18
|
|
|
pmchem posted:Why do your blue line go out to month 12 if those dates have not been reached yet, assuming month 1 was January? You seem to be doing fine so far if you're up 20% on the year. That's beating the S&P, although not by much.
|
|
#
?
Jun 12, 2021 02:32
|
|
|
Baddog posted:Haha drat, I was just trying to make a joke, but actually the thought of buying calls in my roth never entered my mind as a possibility because its kinda dumb. I mean, buying ITM SPY leap calls in your Roth probably wouldn't be too high of risk compared to a lot of other things you can do in a Roth, like, I dunno, putting it a leveraged inverse ETF such as $SQQQ. Or putting it all in ARKK in mid-February of this year. On the other hand, you're also free to do stupid things like 0dte GME 700c's, or this: https://www.reddit.com/r/wallstreetbets/comments/kxb0ds/gme_yolo_entire_roth_in_otm_puts_something_about/  (not mine, it's from that reddit link) imagine being a wsb poster and yolo'ing on far otm GME puts and losing, lol. the post is from Jan. 14, before GME's first insane spike.
|
|
#
?
Jun 12, 2021 03:14
|
|
|
pmchem posted:buying ITM SPY leap calls in your Roth Hmmmm. These IRAs could use a little go juice.
|
|
#
?
Jun 12, 2021 05:06
|
|
|
spencer for hire posted:Does anyone have any experience with Share lending? My broker just asked to borrow some PATH and I don’t see why not, besides the fact that if they have to borrow from me than it may not be a great sign for future price appreciation. I could see getting hooked on the interest check while the share price plummets. The shares are still yours to sell at any time if you're worried about the price going down. If the shares are just gonna idle in your account, it can make sense to lend them out to increase your cum profit. You won't be drowning in it, but you should get enough for a spoonful to see if you wanna keep at it. Although recently, I made a decent chunk from lending pre-merger IPOE shares at ~45%. Also, in case your broker didn't make this clear, you're actually signing up to let your broker borrow any eligible securities from your account (present and future), as opposed to your PATH shares specifically. They just happen to want your PATH shares at this moment.
|
|
#
?
Jun 12, 2021 06:43
|
|
|
Baddog posted:Hmmmm. These IRAs could use a little go juice. Lmao
|
|
#
?
Jun 12, 2021 06:59
|
|
|
This page is proof that we need government to protect the absolute idiots from themselves.
|
|
#
?
Jun 12, 2021 12:03
|
|
|
But more to protect the non-idiots from the effects of the idiots' actions.
|
|
#
?
Jun 12, 2021 12:08
|
|
|
candide posted:The shares are still yours to sell at any time if you're worried about the price going down. If the shares are just gonna idle in your account, it can make sense to lend them out to increase your cum profit. You won't be drowning in it, but you should get enough for a spoonful to see if you wanna keep at it. Although recently, I made a decent chunk from lending pre-merger IPOE shares at ~45%. Awesome thanks, I went for it because I plan on holding long term. It’s an interesting indicator that shares are so desirable to short so someone out there doesn’t have the same long term rating I have. But $120 is $120 Doing more reading it looks like the only minor drawback is I teleport back to 1964 and no longer have voting rights.
|
|
#
?
Jun 12, 2021 13:24
|
|
|
LMAO Mudrick Capital sold their AMC shares and immediately bought naked calls ending up with a net 5.4% loss. https://finance.yahoo.com/finance/news/mudrick-amc-bet-backfires-meme-221912972.html One of us one of us one of us
|
|
#
?
Jun 12, 2021 15:40
|
|
|
Hedge funds are not really any smarter they just have more money and less red tape.
|
|
#
?
Jun 12, 2021 15:59
|
|
|
The great wealth distribution of a generation through meme stocks is at least hilarious.
|
|
#
?
Jun 12, 2021 17:33
|
|
|
pixaal posted:The great wealth distribution of a generation through meme stocks is at least hilarious. It kind of is. Still waiting for the "retail investors must pay back all gains to billionaires directly" bill to be introduced in congress.
|
|
#
?
Jun 12, 2021 17:44
|
|
|
SlothBear posted:It kind of is. Still waiting for the "retail investors must pay back all gains to billionaires directly" bill to be introduced in congress. They'll absolutely do a 120% capital gains tax on meme stocks then just cut blank checks to hedge fund perverts. It will be called The American Family Freedom Act and you're racist and communist if you don't support it.
|
|
#
?
Jun 12, 2021 17:49
|
|
|
|
| # ? May 1, 2024 18:49 |
|
|
It's the power of the Internet. Previously these big firms could heavily short and manipulate whatever they wanted and there wasn't any way for people to fight back. Now the information is immediately available and more importantly can be rapidly disseminated to a huge number of actors.
|
|
#
?
Jun 12, 2021 17:53
|
|