Originally Posted by MagicHef:
Why won't the hedge fund owners lose?
A few hedge funds with big short positions will lose, but most of the short squeeze is being pushed by other hedge funds. They are just using the redditors as cover. There isn't enough money on WSB to execute this big of a trade, it is mostly coming from some different hedge funds that are making out like bandits while the vast majority of the redditors are getting in late and will be left holding the bag. [Reply]
Originally Posted by FD:
A few hedge funds with big short positions will lose, but most of the short squeeze is being pushed by other hedge funds. They are just using the redditors as cover. There isn't enough money on WSB to execute this big of a trade, it is mostly coming from some different hedge funds that are making out like bandits while the vast majority of the redditors are getting in late and will be left holding the bag.
There is some small irony in the fact that something like this could easily be used to make a fuck ton of money off of individual people who don't know what they're doing. [Reply]
Originally Posted by eDave:
I queued up $1k on RH to play along. Price was $250.01 so I held out for at least 4 shares. 10 minutes later it's up to $280. $300
I put most of my winnings into boring index funds - but saved the original $10k. $7k in NOK, $3500 in CLVS, $3500 in AMCX. I guess I also found another $4k somewhere.
Music might be over tomorrow - we'll see. Incredible how fast the system moves when inside players are getting killed. [Reply]
Alright dawgs. I'm in this bitch, too, now. Only in here bc I trust some of my CP homies.
Originally Posted by : Background: I have a financial advisor who manages my investments, I work for a great company with kick ass stock and do decently well. So I'm generally in great shape. On the right path, if you will. That said, total n00b at day trading, but get the general premise.
Viewing this as a fun little hobby for this week.
I just setup a Webull account, and joined Reddit to follow along with the Wallstreetbets thread silently lurking.
I'm going to pre-load my account with ~$3,000 once it is approved. I think the play I'll make is $1.5k in NOK, $1.5k in AMC.
What should expect to happen? What should I do differently? [Reply]
Originally Posted by Dante84:
Alright dawgs. I'm in this bitch, too, now. Only in here bc I trust some of my CP homies.
Viewing this as a fun little hobby for this week.
I just setup a Webull account, and joined Reddit to follow along with the Wallstreetbets thread silently lurking.
I'm going to pre-load my account with ~$3,000 once it is approved. I think the play I'll make is $1.5k in NOK, $1.5k in AMC.
What should expect to happen? What should I do differently?
Honestly, AMC should scare the fuck out of anyone right now. If you do, you best be prepared for some crazy swings. Like Rain Man said earlier, I wouldn't touch any of these WSB stocks with a 30 foot pole. NOK, I don't know enough to say anything about. [Reply]