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Thread: Technology Stonks Investing and Trading

  1. #1041
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    Can't get into my trading account, anyone else having problems with TDDI?
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    did GME just open at $350. I think I need to adjust my meds . . . .

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    And RBC Direct Investing is down again...

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    Quote Originally Posted by ExtraSlow View Post
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    did GME just open at $350. I think I need to adjust my meds . . . .
    Charlie Sheen is driving the GME bus and he's got a 10 LB bag of coke and 30 strippers on board. NOBODY knows where this shit show is going.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    So what's everyone buying now other then GME, AMC, BB, meme stocks? Everything is red and I'm sitting on the sidelines looking for something.

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    I think I was able to put an order for more Nio before RBC DI crashed on me.

    AAPL, TSLA and FB are reporting today so maybe some of those

    Quote Originally Posted by roopi View Post
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    So what's everyone buying now other then GME, AMC, BB, meme stocks? Everything is red and I'm sitting on the sidelines looking for something.

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    This is a dumb question, but I'm dumb, is there a "tech" stock with a legitimate business and path to profit that also has some chance of this "meme stonk" kinda thing? Are the two mutually exclusive?

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    It’s sale day! Buy literally anything. Dip will reverse after the fed reassures everyone the printers aren’t out of ink

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    Quote Originally Posted by ExtraSlow View Post
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    This is a dumb question, but I'm dumb, is there a "tech" stock with a legitimate business and path to profit that also has some chance of this "meme stonk" kinda thing? Are the two mutually exclusive?
    An acquaintance that works at JPM texted the following to a group chat I'm in earlier today. tl;dr, he thinks they're mutually exclusive. I'm also dumb, so have no opinion one way or the other, but this makes sense to me.

    The company is eventually a zero so if you trade any of these reddit backed trades, get in and get out.
    They can only do this to small cap stocks with low avg daily trading volumes where retail money like reddit can move a stock because institutional investors know the company is not a buy.

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    Quote Originally Posted by nzwasp View Post
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    I was telling my wife about the $GME this morning and she was like well you can buy a couple if you want....I didnt tell her about AMC.

    My wife is the most risk adverse person with investing. Everything in medium risk mutual funds since she was in her 20s. Im 40 now and all my stuff is in high risk.
    There is a saying that when people like your wife wants to get in, it's time to get out.

  11. #1051
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    So many trading platforms down. Can't buy anything which I can live with but feel bad for anyone who is trying to sell something.

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    Quote Originally Posted by roopi View Post
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    So what's everyone buying now other then GME, AMC, BB, meme stocks? Everything is red and I'm sitting on the sidelines looking for something.
    actually SQ would be good right now because it is back to 200$

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    Quote Originally Posted by cjblair View Post
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    An acquaintance that works at JPM texted the following to a group chat I'm in earlier today. tl;dr, he thinks they're mutually exclusive. I'm also dumb, so have no opinion one way or the other, but this makes sense to me.

    The company is eventually a zero so if you trade any of these reddit backed trades, get in and get out.
    They can only do this to small cap stocks with low avg daily trading volumes where retail money like reddit can move a stock because institutional investors know the company is not a buy.
    Wat? ...someone should warn these guys:

    C531178C-D5E6-4690-8179-A84D3032DC22.jpg

    To think WSB has the power to pump anything is pretty cute

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    Quote Originally Posted by ercchry View Post
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    Wat? ...someone should warn these guys:

    C531178C-D5E6-4690-8179-A84D3032DC22.jpg

    To think WSB has the power to pump anything is pretty cute
    See this is where I get even more confused. Is this just the algos sensing the action and jumping in? Is WSB actually run by institutional money?

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    Quote Originally Posted by extraslow View Post
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    this is a dumb question, but i'm dumb, is there a "tech" stock with a legitimate business and path to profit that also has some chance of this "meme stonk" kinda thing? Are the two mutually exclusive?
    pltr

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    Quote Originally Posted by ExtraSlow View Post
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    See this is where I get even more confused. Is this just the algos sensing the action and jumping in? Is WSB actually run by institutional money?
    Everything is ran by institutional money... WSB is just people coming up with wacky investment thesis on plays they think have legs... some times everyone laughs at them... and then a year later they get traction and everyone piles in with memes and rallies a small amount of retail investor momentum... but it’s the big boys actually moving stocks. They just don’t blast it on social media... well... besides Chamath

  17. #1057
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    back when GME was $2.50, it was probably possible for WSB individuals to make this move. There's only 47 million shares, and a quarter of those are with insiders and potentially frozen out from action like this. So really, "active" share value is under $100 milllion. a couple million bucks in trades makes a big difference, I think.

    At $100, $200, $300, that works less.

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    Quote Originally Posted by phreezee View Post
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    Congrats! even RKT is making moves
    I got out of rkt 3 weeks ago

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    Quote Originally Posted by nzwasp View Post
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    I got out of rkt 3 weeks ago
    ***wife shaking her head***

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    Quote Originally Posted by ercchry View Post
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    To think WSB has the power to pump anything is pretty cute
    That also makes sense to me. Like I said, I'm dumb. Not a dick swinging day trader like some of you guys.

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