Wow! Thank you for all the awards! Let me take a moment to address some of the more prevalent comments:
Yes, I typed 'stocks' , not socks.
I did NOT type 'penny stocks'.
I am not giving financial advice, my only goal with this LPT is to alert people to the idea that gambling money can be spent on an appreciating asset, and it still feels fun.
The math. Simply put, if you invest $35, make a 35% gain, 35 times reinvested, you are a millionaire. Not every stock will win, but selecting 35 winners beats the 300,000,000 : 1 odds of the lottery by leaps and bounds.
I am hoping people here take the time to read about Jack Macdonald - a man that lived frugally his whole life but invested in the stock market and left $188M to charitable organizations when he died in 2013. He was a lawyer living in Seattle, no one aside from a few close family members were aware of his wealth. He was fascinated by the stock market and thought of himself as shepherding over his wealth that would eventually go back to benefit the rest of society.
Here are a few stories you can read about him:
I hope we all can take away something from this story - it is not about flashing your wealth. His story obviously is on an extreme, but everyone can take something away from the way he lived his life and looked at investing.
For those that have made large gains this year, remember to give back to those that are less fortunate. Or, just keep investing that until you have $188M when you die - and then give that to charity to benefit others.
The 30B number in the title is wrong. It was 30B wiped from market cap not liquidated as far as we know.
Over the last week and especially on Friday many companies: $BIDU, $IQ, $TME, $VIAC, $VIPS, $YY and many others faced lots of selling pressure from what is now being rumored to be forced liquidation of at least one highly leveraged hedge fund- Archegos Capital. Seems that they were trying to raise cash quickly last Friday to cover losses on highly leveraged trades and got margin called yesterday by GS forcing them to sell billions. Some estimates I've heard are over 10B sold across the board.
Major $VIAC Trade Blocks (One transaction at over $1.8 Billion):
Major $IQ Trade Blocks:
Major $VIPS Trade Blocks:
Major $TME Trade Blocks (467 million trade volume on Friday, multiple $100M+ trade blocks):
Edit: Major $DISCA Trade Blocks:
IMO these companies are heavily over sold and could present great buying opportunities.
Not Financial Advice
Edit2 Links credit u/emosg:
Take this one with a grain of salt:
Edit3: Bloomberg Posted saying that GS liquidated 10.5 Billion. Archegos Capital supposedly had 8B under management and Snow Lake capital (link above) had ove... keep reading on reddit ➡
Tried to put an update at the bottom but post was deleted for some reason.
Bit of a background to this.
So, around 10 years ago I worked for a small, independent construction supplies store. We sold various things, from measuring tapes to power drills, plumbing fittings to sheet timber and paint to roof tiles. I had been there for 3 years by this point and got on well with the whole team. There were around 12 employees in total and everyone helped everyone, the atmosphere was always happy and cheerful.
The boss, let’s call him Jeff, was a star! I loved him! He was laid back as hell and we had a lot of mutual interests, sports teams, bands, movies etc. He would bring in stacks of donuts every Friday for the team. Jeff was just the best boss ever!
We had this superviser, Len, who had been with the company a good while. Len would come in early and open up in the morning before anyone else arrived and would stay back at night to lock up and close the gates.
When Len left the company to move to his wifes home country about 2 years into my being there, I agreed with Jeff that I would take over from Len with regards to opening in the morning and closing at night. The verbal agreement with Jeff (and HR/payroll) was that I was not promoted as superviser (I was happy with that as I didn’t want the extra hassle, plus the supe had to work every 3rd Saturday, where I didn’t Jeff took on the extra duties that went with the role) but I was to be paid an extra 2 hours per day for the added duties in the morning and at night.
Things were normal for a good while......... until Jeff went on long term sick leave. He was a huge loss in and around the place and, naturally, we were all worried about him. I visited him regularly while he was absent and kept him up to date with the goings on and gossip.
In the mean time, the firm hired a temporary replacement manager (Rick the prick) to fill in for Jeff. This guy was a complete buttock! Of the highest order!!! Noone liked him. He was smug and arrogant. He would say crude things to the females and had this top dog, tough guy attitude. Mess with me at your peril kind of guy. It was to the point where the donuts on a Friday were ORDERED to be stopped. Signs up, the lot!! With the extra OT money, I had taken over the buying of the Friday donuts so as to keep morale high! But no. It had to stop!!
Soon enough, Rick was assessing the time sheets and noticed my daily 2 hours overtime claim. He called me in to speak about it a... keep reading on reddit ➡
Hello again my fellow apes🦍🦍🦍!
I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀
TLDR: Today was intentionally a flat day to make short sellers bleed their reserve stock so they have less when the real gamma squeeze happens in the next day or two. Strap in for the ride 🚀🚀🚀🚀🚀
Today was an interesting day!
It started off with a surgical strike to get on the SSR list again for tomorrow, then bringing the stock back up within 15 minutes to the day's open price!
>Edit: several people has messaged me that it is not on the list for tomorrow and send me the NASDAQ list. THIS IS NOT THE LIST GME WILL APPEAR. IT is on the NYSE list and you can find them here: https://www.nyse.com/markets/nyse-arca/notices
>Edit 2: GME officially on SSR list for tomorrow:
After that, it just seemed like a boring day, right? WRONG!
All of today's ups and downs were very well calculated to ensure the stock was never overbought, but continued to force those betting against the stock to bleed their reserve shares without letting the price go too low to let them buy more at a discount (I mean look at that PERFECT VWAP Line [Purple line]).
>For those that wanna play with these awesome graphs, here is a link to my Tradingview: https://www.tradingview.com/chart/Pseqbe9R/
A reminder, when a stock is on the SSR list, it can only be shorted on the upticks (i.e., when the stock is increasing in value). This does not mean you cannot sell actual stock that you own, but that means you have to actually own stock, **not just borrow som... keep reading on reddit ➡
As you probably know, the suez canal is blocked by a fucking huge shipwreck. The last time it was blocked was in 1967. What happened in 1967? Ships heading to Europe from Asia had to go around the horn of Africa, adding up to 12,000 miles to their journey.
This meant that the crews had to stop along the way for fuel and provisions. They stopped at the biggest port in Africa which was in South Africa. Many companies also offloaded goods at a discount in South Africa.
This sent the entire economy of South Africa into hyperdrive. Look at a GDP chart for south africa and you'll see the huge jump in 1967. Their stock market rallied because of it too.
The same dynamic is playing out today. Suez canal has been blocked for 4 days. It is likely to be blocked for MONTHS. That means a lot of ships will be stopping in South Africa, sending their economy to the moon for thhe first time since the 1960s.
The guy who was trying to short south Africa ETFs a while back had some solid DD, but the suez canal blockage is about to suck all the money out of his brokerage account. That ship has been there for 4 days and there is no sign that it will be out soon. Most likely it will be MONTHS of losses for him.
Oh yeah, and if I'm wrong? Their stock market is one of the cheapest in the world from a value perspective. AN etf that tracks their stocks Is trading at less than 4x earnings. If youre a boomer, youll love the 5% dividends too.
TL;DR get your south african tendies while they're hot.
I have never been more disillusioned than in this moment. This entire fucking country is a ponzi scheme for the rich. Its like waking up from the matrix, I'm beyond pissed. I'm not spending the rest of my life working for a fraudulent system meant to exploit me. Fuck all of this. I'm hopping on the first flight out of this shit hole. No wonder you have an entire generation of people depressed and suicidal. This shit is ridiculous.
Edit: Thank you Apes from the bottom of my heart. I will hold until the DTCC and every bank & broker in America implodes. If we all aren't millionaire's by the end of this, I will hold these shares in the afterlife. If this is what it takes to stop the corruption and lies, so be it. Burn it all down.
Welcome to yet another in my legal series DD, where GME has a few tricks up its sleeve, and to them, the shorties don't matter.
Customary top TLDR: 1. GME can call a dividend which will either be paid by shorts or cause the price to moon; 2. GME could call a stock split to incentivise mass buying pressure; and 3. RC could negotiate a buy price of the entire GME, which would force all shorts to close, giving him the right to buy the company for nothing (or a profit) if he sells his shares and takes the company private after apes get paid.
I've seen a lot said about the shareholder's meeting and it's potential to cause the MOASS, and even general board decisions that can be made. Stock splits? Dividends? Share recall? What does it all even mean!
I'll wrap this all up as a theoretical tactic we could see at the end, but first, I'll explain what each of these are.
As always, this is not financial advice nor legal advice and this is out of my wheelhouse, so I invite you to correct me where I'm wrong, as we help build the collective knowledge.
It's important to note firstly, GME does NOT like shorties either, and these actions could be a part of the reason why they included that tasty little shorts warning in their 10k...
Onto the DD - let's start with dividends shall we?
What is dividen?
Well essentially a dividend is a payment out of the company to its shareholders either via the company's profits or retained cash.
It has 4 stages;
Announcement date (self explanatory);
Ex-dividend date (the set date after announcement, where if you buy stock after this date, you aren't entitled to the dividend);
Record date (the cut off date for determining who's long and short, and what will be paid to whom); and
Payment date (self explanatory).
But GME barely retained enough cash for its purposes right? Why would it issue a dividend??
Well it's not even about that. It's about the acknowledgement GME is over 100% shorted in their 10k, which makes this interesting.
Why? Well stealing straight from Investopedia:
If an investor is short a stock on the record date, they are not entitled to the dividend.
In fact, the (short) investor is instead responsible for paying the dividend owed to the lender of the shorted stock that they borrowed.
So GME declares say, I don't know $5 a share dividend on its 70m shares to pay out around $350m.
But management decides they'll throw that straight back into the company so they'll only pay out $5... keep reading on reddit ➡
>So what to do ?
>If you can afford to hold the stock, you hold. I dont own it, but thats what i would do.
>Why ? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.
>I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.
>I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again.
words of wisdom from Mark Cuban's AMA on 2/2/2021
In my opinion TSM until 2023 is going to absolutely explode and dominate everything and one else in an unseen way. They will control the GPU and CPU markets in the desktop space (Nvidia Hopper is being made with them and Intel is rumored to go fabless in the next few years, they also manufacture all AMD products). They also control the console space with AMD so Xbox and Playstation and are manufacturing Apple's APU in their phone. I don't see how it doesn't become a 500-600$ stock in the coming years.
Edit: Thank you for the awards, great comments and don't forget to do your own DD before buying or selling anything, good luck.
Edit 1: Please only make one comment. 1 person = 1 comment
Do not make a comment if you don’t have 100% faith. Let’s see how many people believe like me.
I personally will never sell my shares if the squeeze never happens. This past year has been incredibly hard for me and I feel into deep depression due to how bleak the future looks for mankind. As stupid it sounds, the belief in this stock gives me hope that for once normal, good hearted people will be able to get some of the rewards from their labor they’ve put into this society year in year out.
Even if the squeeze never happens, I will feel good knowing I did at least help some average people make money off of this. And that’s all the comfort I need. Love you all <3
Now let’s eat the rich.
International ape here holding strong. Bought before the RH fuckery, watched the price get manipulated the fuck down to $40. Didnt sell at 80% loss. Watched it go back up to $350, didnt sell. Warching the same fuckery driving down the price again, I WONT FUCKING SELL.
But to watch this goes completely unpunished by all the authorities that should be responsible for not allowing this to happen has given me a grim perspective on where the US stands as a safe market.
If this can happen to GME when all the eyes are on it, imagine what can be done to other stocks that dont have a these apes holding forever?
I wont sell until this $3M/share but i will probably take my money somewhere less prone to the blatant manipulation in broad day light.
Rant out. HODL you beautiful apes! 🖐💎🚀
There's a lot going on in the stock market this week and both ELI5 and Reddit in general are inundated with questions about it. This is an opportunity to ask for explanations for concepts related to the stock market. All other questions related to the stock market will be removed and users directed here.
How does buying and selling stocks work?
What is short selling?
What is a short squeeze?
What is stock manipulation?
What other questions about the stock market do you have?
In this thread, top-level comments (direct replies to this topic) are allowed to be questions related to these topics as well as explanations. Remember to follow all other rules, and discussions unrelated to these topics will be removed.
Please refrain as much as possible from speculating on recent and current events. By all means, talk about what has happened, but this is not the place to talk about what will happen next, speculate about whether stocks will rise or fall, whether someone broke any particular law, and what the legal ramifications will be. Explanations should be restricted to an objective look at the mechanics behind the stock market.
EDIT: It should go without saying (but we'll say it anyway) that any trading you do in stocks is at your own risk. ELI5 is not the appropriate place to ask for or provide advice on stock buy, selling, or trading.
New members of this sub need to understand to only put in money that they can afford to lose. I can see comments of single mother putting her life savings in and college kids borrowing money at a very high interest and going all in.
This is not a joke. Losing money is not a joke. If you get a loan and buy a stock, you are at a risk. Only buy with money that you can afford to lose. Don't put your life savings or retirement corpus on this. For people who are getting emotional and going all in against the hedge funds, the hedge funds will have a small scratch and you would be destroyed in the end. The concept of YOLO with buying stocks works only till you don't go bankrupt.
I know this sub is now filled with a lot of new people telling you to buy the dip. Don't get emotional with money. This sub is for people who like to invest money that they can afford to lose, and not your life's savings when you are a single mother.
I know Ill get downvoted to oblivion saying a statement like this, when the whole sub would be filled with "to the moon 🚀" But please don't put in money you can't afford. Don't get loans and buy stocks. Money ain't coming easy and all the money you lost is earned by the hedge funds you wanted to destory in the first place.
Edit 1 : I dint expect this post to blow up. I honestly thought it would be downvoted to oblivion. But thanks folks. And I am not paper handed, still holding to the 1 stock I bought. I'll take it to the end. I'm not asking people to sell, just to not buy with money they can't afford to lose.
Ryan Cohen owns 9M shares. He also knows all the institutional players that own large portions. He also has access to a Bloomberg terminal and can see that institutions own 115% of the total number of shares. Ryan also knows that the Reddit community is huge and also has a TON of shares.
So why does this matter? Because he has the ability to do a few things which absolutely would destroy the shorts/synthetic shares. And why would he want to do that? Well, his 9 million shares at $200 = $1.8B. At $2,000/share his total is $18B, etc. This continued fuckery is messing with his giant stake as much as anyone.
So what can Ryan do as quickly as this earnings call?
What does this all mean? Just enjoy the weekend and chill. The short/synthetic problem is worsening. Do you know what you do when your opponent is killing himself? You let him continue to do that.
We don't need to do anything but wait until the conference call that happens after hours on Tuesday. It's likely, Ryan Cohen does at least a few of these and I expect the guidance going forward to be stellar.
See you guys on Pluto.
There is no next GME. As our beloved autist Michael Burry said, GME is a unique situation and a perfect storm. You won't find something like this again. They are just trying to move your attention away from GME and scatter us. From the discussion threads and the posts on the frontpage, it seems that they're succeeding.
Just look at the AMC thread up on the frontpage at the moment. Half the comments are from new accounts with just a handful of karma. AMC is not the next GME. The 'days to cover' on AMC is less than a day. After an initial uptick it will just fizzle out and you'll be left bagholding.
If you're still unsure, here you can find a highly advanced AI algorithm showing the next meme stock. (credits /u/adagiolifen)
Edit: I think we even need to the mods to make a post and sticky it. The shilling is really becoming bad now
Buy whatever the fuck you want and whatever you like. All I'm saying is it's not the next GME.
The Fourth Industrial Revolution is characterised by the fusion of the digital, biological, and physical worlds, as well as the growing utilisation of new technologies. It is the trend towards automation and data exchange in manufacturing technologies and processes which include:
Of course there's discussions which one are part of the industry 4.0 so I might be missing a few.
since I believe that we are still at the start of this revolution, I want to invest in promising companies related to those industries. Some companies already have proven themselves, others are still in the 'startup' fase.
Hereby a list of the companies from which I think are the best or will be the best in the corresponding sector. What sectors and which must-have companies am I missing?
Note: some sectors are very broad so they might overlap.
Smoke weed everyday
Its fine I don't need SEC or anyone's support or "help"
Say as you want as your phone rings off silent the whole meeting so you know what to say on the next scripted question. "Give my regards to your puppet master".
Me and my stock I own gonna sit here awhile.
You tried to illegally bankrupt a store i grew up with by bending rules and I took that personally.
Be mad. I buy more. I hold stronger.
Its staying in my hands AT LEAST until 1.2m FLOOR for me (today). If the PROFESSIONAL gamblers are losing money and the retail (less than 20%) of the market is winning... well you're not the professional investors I need.
I'm investing into myself, my future and the GLOBAL future and family. I'm not a fan of unlimited downside but ill take a BET of unlimited upside ANY DAY! Try working 6 or 7 days a week for 12 hours a day. This "bet" is NOTHING. Holding for me is EASY!
🚀 🦍🦍The Gamestops here boys and girls. Not a fixed price for me. The more fear I see the more I hold, the more I buy🦍🦍🚀
I'm a damn 🦍 with 🖍🖍 not anyone's financial advisor
🌙 or BUST. I don't get off before I hit moon ground!